President Donald Trump on Sunday announced a trade agreement with the European Union that would set tariffs at 15%, ending what had been months of uncertainty surrounding trade with the United States’ largest trade partner. The tariff rate is a reduction from the 30% that Trump threatened on July 12 and the 20% he said he would impose on April 2. Announcing the agreement, Trump said the E.U. will not impose a tariff on U.S. imports. He added this agreement was “satisfactory to both sides.” European Commission President Ursula von der Leyen said Sunday alongside Trump that the pact “will…
Author: CYPRUS EYE
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Though North Carolina’s law generated widespread protests, the bathroom policies passed over the last few years have received little national or corporate response, despite many of them being far broader than HB 2. That could be due, in part, to the dozens of other bills states have considered and passed targeting trans people. Logan Casey, director of policy research at the Movement Advancement Project, said part of why there was more backlash to HB 2 was because it was among the first “bathroom bills.” In 2016, the year the bill became law, state lawmakers had introduced about 250 bills targeting…
China’s Premier Li Qiang cautioned on Saturday that artificial intelligence development must be weighed against the security risks, saying global consensus was urgently needed even as the tech race between Beijing and Washington shows no sign of abating. His remarks came just days after U.S. President Donald Trump unveiled an aggressive low-regulation strategy aimed at cementing U.S. dominance in the fast-moving field, promising to “remove red tape and onerous regulation” that could hinder private sector AI development. Opening the World AI Conference (WAIC) in Shanghai on Saturday, Li emphasized the need for governance and open-source development, announcing the establishment of…
The Turkish economy has reentered a “positive cycle,” overcoming the period of domestic and international uncertainties and difficulties, a top official said on Saturday, reiterating the aim to lower inflation. “Our country’s credit rating has been upgraded. Our economy has overcome a period of domestic and international uncertainties and challenges, reentering a positive cycle,” Treasury and Finance Minister Mehmet Şimşek said in a post on X, referring to the latest upgrade of Türkiye’s rating by Moody’s. Moody’s raised Türkiye’s long-term debt rating one notch, from “B1” to “Ba3,” with a “stable” outlook, the credit rating agency said on Friday. Moody’s…
Bitcoin’s price could see significant upside in 2026, bucking the traditional four-year market cycle, according to Bitwise chief investment officer Matt Hougan. The prediction comes as other analysts are divided on whether Bitcoin (BTC) will stray from its historical pattern or follow the traditional halving cycle and peak in the coming months. Bitcoin may be in for a “good few years,” says Hougan“I bet 2026 is an up year,” Hougan said in an X video on Friday. “I broadly think we’re in for a good few years,” Hougan added. Hougan said the four-year halving cycle “is dead” for several reasons,…
In Shambat al-Aradi, a tight-knit neighbourhood in Khartoum North once known for its vibrant community gatherings and spirited music festivals, two childhood friends have suffered through confinement and injustice at the hands of one of Sudan’s warring sides. Khalid al-Sadiq, a 43-year-old family doctor, and one of his best friends, a 40-year-old musician who once lit up the stage of the nearby Khedr Bashir Theatre, were inseparable before the war. But when the civil war broke out in April 2023 and fighting tore through their city, both men, born and raised near that beloved theatre, were swept into a campaign…
At least 11 wounded when Israel drops aid pallets on tents for displaced people amid hunger crisis in Gaza. At least 11 Palestinians have been injured due to aid airdrops in northern Gaza as one of the pallets fell directly on tents where displaced people are living, medical sources say. The Israeli military on Saturday announced that it “carried out an airdrop of humanitarian aid as part of the ongoing efforts to allow and facilitate the entry of aid into the Gaza Strip”. But local sources in Gaza told Al Jazeera some of the aid pallets hit tents near al-Rasheed…
Military suspends operations for ‘humanitarian purposes’ in al-Mawasi, Deir el-Balah and Gaza City from 10am to 8pm. The Israeli military has begun a “tactical pause” in fighting in three areas of Gaza as part of steps it claims will address a worsening humanitarian situation in the Palestinian enclave. In a statement, the military said it has begun a “tactical suspension of military operations for humanitarian purposes” in al-Mawasi, Deir el-Balah and Gaza City from 10am (07:00 GMT) to 8pm local time every day until further notice, beginning on Sunday. The Israeli military claims it does not operate in these areas,…
After convincing the PKK terrorist group to lay down arms, Türkiye is now ironing out the technicalities of the next stage of the terror-free Türkiye initiative. Parliament Speaker Numan Kurtulmuş stated on Sunday that a parliamentary committee on the matter will commence work in August, as parties have begun announcing the names of lawmakers who will join the committee. The committee will be comprised of 51 parliamentarians. The ruling Justice and Development Party (AK Party) will be represented by 21 members; its ally, the Nationalist Movement Party (MHP), and the Peoples’ Equality and Democracy Party (DEM) will contribute four lawmakers…
The Turkish defense industry is leaving behind a week crowned with several major international deals, some of them dubbed “historic,” as it concludes hosting a major fair in Istanbul. The International Defense Industry Fair (IDEF), which took place between July 22 and July 27, brought together numerous domestic and international firms, state agencies, ministries, officials and visitors at a large venue on the European side of Istanbul. Top Turkish defense companies signed a flurry of deals during the event, including both domestic and international cooperation. One of the agreements that particularly stood out was the deal for the sale of…