This is Beirut - Donald Trump

Black Monday: A Global Stock Market Rollercoaster

Christiane Tager, 07/04 22:50 - Reading : 6 minute(s)

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The rollout of new tariffs under Donald Trump's leadership has been enough to trigger what many are now calling an economic apocalypse. Global financial markets began tumbling as early as Friday, and it has only deepened this Monday. The Paris stock exchange has already wiped out all its gains for the year, opening down 6.46%, while London’s ...

WTO Powerless Against Protectionist Wave

This is Beirut, 07/04 20:50 - Reading : 3 minute(s)

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Often referred to as the "global trade police," the WTO is actually bound hand and foot by its members, with Washington's actions especially leaving it all but powerless against the protectionist wave washing over the globe. A number of countries have begun filing complaints with the World Trade Organization, charging that the steep ...

Trump Threatens Further 50% Tariffs on China, Stacking on Earlier Rate

This is Beirut, 07/04 20:02 - Reading : 2 minute(s)

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US President Donald Trump on Monday threatened huge additional tariffs on imports from China if Beijing did not withdraw its retaliation plans, adding that Washington would begin talks with other countries that want negotiations. The fresh action would stack on an already steep US rate taking effect Wednesday, the White House told AFP, bringing ...

Trade War: World Markets Plunge Under the Weight of New Taxes

This is Beirut, 07/04 15:35 - Reading : less than a minute

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Global markets are reeling from Donald Trump's trade war and Chinese retaliation, causing serious concerns for the global economy. After two days of decline, the European stock markets plunged to an all-time low, with indices such as the DAX and CAC 40 sharply down. In Asia, markets suffered a “Black Monday,” with Hong Kong recording its worst ...

China vows to stay 'safe and promising land' for foreign investment

This is Beirut, 07/04 10:45 - Reading : 2 minute(s)

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A top Chinese official has vowed to protect US firms and pledged his country will remain a "promising land" for foreign investment, Beijing said Monday, after it slapped 34 percent tariffs on US imports. China retaliated last week against levies at the same level announced by US President Donald Trump on what he called "liberation day". It also ...

Music Industry Battles AI Deepfakes With Limited Progress

This is Beirut, 07/04 10:30 - Reading : 4 minute(s)

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The music industry is fighting on multiple fronts—through streaming platforms, in the courts, and with lawmakers—to prevent the looting and misuse of its content by generative artificial intelligence (AI). But the results so far remain underwhelming. 75,000. That’s the number of deepfakes that Sony Music says it has already requested to be ...

Stocks Savaged as China Retaliation to Trump Tariffs Fans Trade War

This is Beirut, 07/04 10:15 - Reading : 6 minute(s)

Donald Trump United States Tariffs China Asia

Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills, with Hong Kong's loss of 12 percent its worst in more than 16 years, while Taipei ...

Iran-Backed Militias in Iraq Ready to Disarm to Avert Trump Wrath

This is Beirut, 07/04 09:45 - Reading : 3 minute(s)

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In a significant shift, several powerful Iranian-backed militias in Iraq are prepared to disarm for the first time to avert an escalating conflict with the Trump administration, according to 10 senior commanders and Iraqi officials. The move comes after repeated private warnings from U.S. officials to Baghdad, threatening airstrikes if the ...

Netanyahu and Trump to Talk Tariffs, Iran and Gaza

This is Beirut, 07/04 09:20 - Reading : 4 minute(s)

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Talks on Monday between Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump are expected to be dominated by Washington's shock tariffs on Israel and escalating tensions with Iran. Netanyahu becomes the first foreign leader to meet with Trump in the US capital since the president unveiled sweeping levies on multiple countries ...

Panic Deepens on Asian Markets as World Scrambles to Temper Trump Tariffs

This is Beirut, 07/04 05:15 - Reading : 5 minute(s)

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Asian markets took a huge plunge Monday as US futures pointed to significant losses on Wall Street over Donald Trump's punishing tariffs, even as countries sought compromise with the defiant president. Trump denied Sunday he was intentionally engineering a selloff and insisted he could not foresee market reactions, saying he would not make a ...

Iran Top Diplomat Rejects Direct Negotiations With US

This is Beirut, 06/04 15:55 - Reading : 3 minute(s)

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Iran's top diplomat has dismissed direct negotiations with the United States as pointless, his office said Sunday, after US President Donald Trump said he preferred face-to-face talks over its nuclear program. Trump sent a letter to Iran's supreme leader, Ayatollah Ali Khamenei, last month calling for negotiations but warning of military ...

Anti-Trump Rallies Draw Thousands Across The US

This is Beirut, 05/04 22:45 - Reading : 4 minute(s)

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Thousands of people descended Saturday on Washington's National Mall and rallied in other cities across the United States and abroad in opposition to the policies of Donald Trump, in the largest protests since he returned to the presidency. A big "HANDS OFF!" banner stretched across the stage of an outdoor theater just a few blocks ...

Donald Trump