18.02.2025 US
1092 day since the barbaric invasion of Ukraine

Economy

Banknotes

USA reinstates 25% tariff on steel: a blow to Canada, the EU, Mexico, and Ukraine

Starting March 12, 2025, the United States is reinstating a 25% tariff on steel imports from Canada, the EU, Mexico, Ukraine, and other countries. The decision is linked to national security concerns.

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Donald Trump

The US Suspends FCPA anti-corruption investigations for 180 days

The President of the United States has signed an executive order temporarily restricting the enforcement of the Foreign Corrupt Practices Act (FCPA), citing threats to the country’s economic security.

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Donald Trump

Trump imposes 25% tariffs on steel and aluminum: EU reaction and market consequences

U.S. President Donald Trump has announced new 25% tariffs on steel and aluminum imports, which could lead to trade conflicts with Canada, Mexico, and the EU.

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White House

White House reviews media subscription expenses

The White House will cancel its subscriptions to Politico, which have cost millions of dollars. This is part of Trump's campaign to review government spending, the press secretary stated.

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USPS parcel sorter

The US suspends parcel acceptance from China following new Trump tariffs

The United States Postal Service (USPS) has halted the acceptance of parcels from China due to new tariffs imposed by Donald Trump. The restriction is linked to the elimination of duty-free imports for low-cost goods.

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Xi Jinping

China imposes new tariffs on U.S. goods in response to trade restrictions

Starting February 10, China will impose additional tariffs on coal, gas, and petroleum products from the United States. The decision comes in response to U.S. restrictions related to fentanyl control.

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Banknotes

Trade war: the U.S. imposes tariffs on Canada, Ottawa responds with harsh measures

Starting February 4, 2025, the U.S. will introduce new tariffs on Canadian goods, accusing Ottawa of insufficient efforts to combat drug trafficking. Canada has already announced retaliatory measures.

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Donald Trump's Inauguration (2025)

How Spain reacts to Trump's threat and Elon Musk's unexpected gesture

U.S. President Donald Trump claimed that Spain is part of BRICS, which is not true. His threat of 100% tariffs caused a stir.

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Joe Biden

The President of the United States, Joe Biden, has signed a historic decision to ban oil and gas extraction.

Joe Biden has permanently closed access to oil and gas drilling on millions of acres of U.S. oceans, emphasizing the priority of ecology, clean energy, and the protection of coastal communities.

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F-16 Fighter Jet

The US allocated $20 billion to Ukraine and approved an F-16 support deal

The US Department of the Treasury allocated $20 billion to support Ukraine. These funds were sourced from revenue generated by frozen Russian assets to aid the country during the war.

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Section of the Druzhba pipeline

Oil supplies from Russia to the Czech Republic suspended: causes and consequences

The Czech Republic is temporarily without oil supplies through the Druzhba pipeline, which covers 58% of the country's needs. Negotiations are underway to prevent a fuel crisis.

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Amazon logistics center

Amazon workers worldwide announce mass strikes on Black Friday

The "Make Amazon Pay" strike will span 20 countries and involve over 80 organizations demanding justice for employees and environmental protection.

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Governor of the Bank of England Andrew Bailey

Pound plummets after Bank of England chief hints at rate cuts

The British pound sterling fell by more than 1% to a three-week low following statements by Andrew Bailey about a possible more aggressive reduction in interest rates.

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Chairman of the Federal Reserve Board Jerome Hayden Powell

The Fed lowers interest rate and cuts US GDP growth forecast for 2024

The Federal Reserve System of the United States has revised its economic growth forecast for 2024 and lowered the key interest rate, indicating a more cautious approach to future economic policy.

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Flag of Switzerland

Switzerland joins sanctions against Russia: new measures to take effect on August 27

The Federal Council of Switzerland has decided on new measures within the framework of the EU's 14th package of sanctions against Russia, which will take effect on August 27, 2024.

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NBU Head Andriy Pyshnyy against the backdrop of the new banknote design

The National Bank of Ukraine introduced new banknotes with a patriotic slogan for the 33rd anniversary of Independence

Ukraine celebrates the 33rd anniversary of its Independence, and in honor of this, the National Bank has issued updated banknotes with denominations of 500 and 1000 hryvnias bearing the inscription "Слава Україні! Героям слава!".

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Market Quotes

European Stock Indices Rise Despite Decline in Italian PMI

Despite the decline in PMI in Italy and the UK, European stock indices ended the day with gains, amid positive changes in other countries and expectations of ECB rate cuts.

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Gold

Gold Hits Record Price: Expectations and Minor Correction Ahead

Gold prices have surpassed $2400 per ounce, growth to continue amid geopolitical risks

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National Bank of Ukraine

The NBU plans to lower the discount rate to 13-14% by the end of the year, despite the risks

Most participants of the NBU's Monetary Policy Committee forecast a reduction in the discount rate to 13-14% amid rising risks

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Volodymyr Zelenskyy at the meeting with Marija Pejčinović Burić and Dominique Hasler

Volodymyr Zelenskyy: Ukrainians will soon be able to file claims for damages from Russia in Kyiv

The meeting of Zelenskyy with Marija Pejčinović Burić and Dominique Hasler discussed the opening of the Register of Damages from Russia and the return of children

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