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Deadly Blast Hits Zelenskyy’s Hometown, 18 Lives Lost in Russian Attack
A Russian ballistic missile strike on Kryvyi Rig, Ukrainian President Volodymyr Zelenskyy's home city, killed 18 people, including nine children, and injured 61 others. The missile strike hit a residential area near a children's playground, with unverified videos on social media showing bodies on the street and a plume of smoke rising into the evening sky, according to authorities and eyewitnesses. Read the full story here
Foxconn Sees Revenue Soar to New Heights in Q1, Cites Global Political Climate as Key Concern
Taiwan's Foxconn, the world's largest contract electronics maker, posted its highest first-quarter revenue ever, driven by strong demand for artificial intelligence products. Revenue jumped 24.2% year-on-year to $49.5 billion. Foxconn's cloud and networking products division saw robust growth, while smart consumer electronics, including iPhones, experienced "flattish" year-on-year growth. The company will closely monitor global politics due to evolving conditions. Read the full story here
Swiss Authorities Launch Crackdown on International Crime with Special Task Force
The Swiss government has established a task force to address foreign nationals and asylum seekers who are serious criminals. The goal is to consistently detain such offenders and enforce deportations. The task force will focus on individuals who have repeatedly committed criminal offenses, are subject to an alert for criminal offenses upon entering Switzerland, or are being detained pending deportation. The government aims to simplify the detention process for such individuals. Read the full story…
Tokyo Slams Trump’s ‘Damaging’ Trade Move as Diplomatic Tensions Escalate
Japan's Chief Cabinet Secretary Yoshimasa Hayashi expressed extreme regret over US President Trump's announcement of a 24 percent reciprocal tariff on Japan. Hayashi requested that the US review its measures, citing concerns about consistency with the WTO Agreement and the Japan-U.S. Trade Agreement. Hayashi noted that the tariffs could have a major impact on the global economy and the multilateral trade regime, but refrained from revealing specifics of Japan's response, including potential retaliatory measures. Japan…
Thousands of Ukrainian Refugees in US Receive Deportation Notice in Bureaucratic Blunder
The US government has apologized for an email error that mistakenly informed Ukrainian refugees they must leave the country. The message caused widespread confusion and concern among the refugee community. The email mix-up has been rectified, with the government assuring refugees that their status remains unchanged. The incident is being investigated to prevent similar errors in the future. Read the full story here
Electric Storm: Chinese Brands Sweep Israel’s EV Market in First Quarter
Chinese brands have dominated the electric car sales charts in Israel in the first quarter of 2025, with the Atto 3 model from BYD Auto being the most popular, selling 1,939 units. A total of 13,132 Chinese electric cars were sold in Israel during this period, accounting for 82.8 percent of all electric vehicles sold, with China being the largest car exporter to Israel, including both electric and gasoline-powered vehicles. Read the full story here
Russia’s Economic Double Blow: Tariffs and Oil Slump Deliver One-Two Punch
Russia's stock market has suffered its worst week in over two years due to US tariffs and a drop in global oil prices, with the Moscow Exchange (MOEX) losing 2 trillion rubles ($23.7 billion) in just two days. The MOEX Russia Index fell 8.05% over the week, its worst performance since late September 2022, with major firms such as Sberbank and Gazprom seeing significant declines, amid fears of a global recession and a potential trade…
Mexico Hails Favorable US Trade Terms as Tariff Tensions Ease
Mexico's economic minister, Marcelo Ebrard, has praised the preferential treatment received by Mexico after US President Donald Trump unveiled new global tariffs. The country remains exempt from new reciprocal tariffs, thanks to its positive relationship with the US, according to Mexican President Claudia Sheinbaum, who highlighted the importance of a collaborative approach with the US government. Read the full story here
US and Vietnam Leaders to Convene for Tariff Talks Amid Rising Trade Tensions
US President Donald Trump and Vietnamese Prime Minister Nguyen Xuan Phuc have agreed to discuss a potential tariffs deal. The two leaders are expected to meet soon to negotiate the terms of the agreement. The meeting aims to address trade tensions between the two countries, with the goal of reaching a mutually beneficial agreement. The exact details of the proposed deal have not been disclosed, but it is expected to have significant implications for global…
Germany Backs Eutelsat’s Ukrainian Internet Venture Amid Starlink Dispute
The German government has provided funding for Eutelsat to offer internet services in Ukraine. This move aims to enhance the country's communication infrastructure amidst rising tensions. The funding comes as Elon Musk's Starlink faces scrutiny, with the German government seeking alternative satellite internet solutions to support Ukraine's connectivity needs. Read the full story here