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Transatlantic Tensions Shake Global Markets After New Tariff Threats

                                                 The Pituffik Space Base (formerly Thule Air Base) in Greenland Global markets faltered as fresh tariff threats from U.S. President Donald Trump reignited fears of a renewed trade clash between Washington and key European partners. The announcement targeted several EU nations and immediately sent shockwaves through equities, currencies, and commodities. European stocks opened sharply lower, with export‑heavy sectors—particularly autos, luxury goods, and industrials—bearing the brunt of the selloff. Major multinational firms saw billions wiped from their market value within hours as investors braced for potential retaliatory measures from Brussels. The proposed tariffs, set to begin at 10% and potentially rise to 25% later in the year, stem from escalating geopolitical disagreements that have st...
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US Job Cuts More Than Double in January, But Labor Market Remains Strong

 

US employers in the financial and technology sectors launched restructuring efforts in January, leading to a significant increase in job cut announcements. 

According to a report released on Thursday, announced layoffs reached 82,300, more than double the number in December. However, the labor market appears strong for workers despite recent job cuts, with the January jobs report showing the 37th consecutive month of job gains and a small uptick in the unemployment rate.

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