April 7, 2025
5 min read
In Major League Soccer on Sunday, struggling Toronto FC held an unimpressive Inter Miami to a 1-1 tie despite Lionel Messi's goal. Toronto, who haven't won this season, earned every point they earned and had enough opportunities to win the game. The Canadian club, ranked 14th out of 15 teams in the Eastern Conference, gave Miami's fragile defense a lot of trouble and hit the woodwork twice early in the game. In the 17th minute, Theo Corbeanu struck the post with a left-footed attempt. Two minutes later, following a scramble in the goalmouth, Corbeanu struck the post once more.
April 7, 2025
5 min read
Both Foreign Minister Maria Malmer Stenergard (M) and Labour Market Minister Mats Persson (L) have, according to revelations from Sveriges Radio Ekot, carried out questionable stock transactions linked to political decisions they had proximity to. Ulrik Åshuvud, Secretary-General of Transparency International Sweden, tells Ekot that Sweden should introduce a system based on the one Norway has. There, ministers must either sell their shares, not touch them while serving as minister, or let a trustee manage the transactions separately. Similar proposals have come from law professors whom Ekot has spoken to.
April 7, 2025
5 min read
Ministers from the UK, Norway, and Switzerland have also been invited to the informal conference of EU finance ministers in Poland on Friday and Saturday, where the proposals will be reviewed. Poland requested the plan, which was presented by the think tank Bruegel. According to the size of their economies and defense spending, participant nations are expected to make financial contributions. Poland's Finance Minister Andrzej Domanski adds in his invitation, "I look forward to welcoming you to Warsaw and engaging in these important discussions."
April 7, 2025
5 min read
In response to U.S. President Donald Trump's tariffs, European Union nations will likely approve a first batch of targeted countermeasures on up to $28 billion worth of U.S. imports, ranging from diamonds to dental floss, in an effort to show unity in the coming days. In a move that some worry may develop into a worldwide trade war, the EU would join China and Canada in putting retaliatory tariffs on the United States, driving global economies into recession and raising the cost of goods for billions of people.
April 7, 2025
5 min read
As we witness what many are describing as a bloodbath in world stock markets, there are some particularly gory casualties. Bank shares that are based in the UK but have exposure to other countries have experienced some of the most severe declines. Standard Chartered and HSBC, who sit at the crossroads of east and west trade, have been severely damaged, with their shares dropping more than 10% overnight before partially recovering when the London markets opened. Banks like Lloyds and NatWest, which are frequently used as stand-ins for the UK economy's outlook, are down more than 5% this morning, indicating the growing likelihood that the economic shock revealed by Donald Trump could trigger a recession.