In a decisive legislative move, Mexico’s Congress has formally approved a sweeping package of tariff increases targeting imports from countries lacking free trade agreements with the nation. The measure, which was finalized by the Senate on Wednesday evening, imposes duties of up to 50% on more than 1,400 distinct product categories. The legislation had already cleared the lower chamber earlier…
Japan’s long-stable government bond market is bracing for turbulence as Sanae Takaichi prepares to become the country’s first female prime minister. Her expected confirmation on October 15 is prompting investors to reassess risks in a market long shielded by the Bank of Japan’s yield curve control and decades of deflation. Takaichi, a hardline conservative who won the Liberal Democratic Party…
Egypt has officially blamed Ethiopia’s new Renaissance Dam for unprecedented surges in Nile water levels that have contributed to widespread flooding across its northern territories. In statements released this week, the Egyptian government asserted that excess releases of water from the dam upstream have destabilized hydrological conditions across the Nile Basin and have endangered agricultural zones along the Egyptian bank…
Rising Death Toll in Cebu At least 69 people have been confirmed dead and dozens more injured after a 6.9 magnitude earthquake struck the central Philippines late Tuesday. Cebu province, at the epicenter of the disaster, declared a state of calamity early Wednesday. Thousands of residents spent the night outdoors, fearing repeated aftershocks. Survivors described scenes of panic, with crying…
Australia is actively urging China to restore iron ore shipments, following what its government describes as an abrupt and powerful disruption to trade that has affected major mining firms. Deteriorating Trade Ties and Supply Disruption After years of increasing tension between the two nations, Australia’s Prime Minister Anthony Albanese has publicly called on China to reverse what he terms “arbitrary”…
First Nationwide Cut Since 2021 Takeover Afghanistan was largely cut off from the internet on Monday after reports emerged of a Taliban-ordered nationwide fiber-optic shutdown. According to local media, the move follows a decree issued earlier this month by Taliban leader Hibatullah Akhundzada, who banned fiber-optic services as part of efforts to curb what he described as “immorality.” This marks…
Moldovans delivered a decisive win to the governing, pro-Western Party of Action and Solidarity (PAS), granting it a clear parliamentary majority after Sunday’s vote. With just over 50% of ballots and about 55 of 101 seats, PAS secured the ability to govern without a coalition, a result framed domestically as a choice between deeper European Union alignment and a return…
