Europe News
Cyprus to adopt FBI recommendations on tackling sanctions evasion
A US team that spent nine months on Cyprus has produced a detailed report outlining specific recommendations and proposals including additional staff training, upgrading high-tech systems and amending existing legislation.
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Europe News
EU Commission preparing 'well calibrated' retaliation to US tariffs
As the US rolls out new tariffs, the European Commission is preparing its response. The latest measures will factor in the car tariffs announced on Wednesday night, along with the reciprocal tariffs expected next week, as trade tensions between Brussels and Washington escalate.
Culture news
Why was Taylor Swift mentioned in the 'Signalgate' Senate hearing?
Democratic Virginia Senator Mark Warner highlighted the importance for the US to share intelligence with its European allies and used last summer's thwarted terrorist plot against Taylor Swift as an example of how the sharing of intel can save lives.
Economy
Trump hints at automobile levies and exemptions on reciprocal tariffs
US President Donald Trump indicated that he would impose auto tariffs in the coming days, alongside a possibility of granting exemptions for some countries based on reciprocal tariffs. The comments triggered a sharp rebound in the US stock markets as investors expected a softened tariff stance.
Markets
Oil prices jump in response to Trump’s Venezuela tariff threats
Crude oil prices jumped following US President Donald Trump’s announcement that he would impose 25% tariffs on Venezuela’s oil buyers. The West Texas Intermediate (WTI) futures at NYNEX rose 11% and the Brent futures at ICE were up 6.7% since their lows on 5 March.