Asian markets drop further as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcement

In the Pacific, Fiji is the hardest hit by Trump’s tariffs. It has been levied with a 32% tariff, Vanuatu at 22% and Nauru at 30%.

Fiji prime minister Sitiveni Rabuka said the move was akin to a “trade blockade” that his country could not win.

Today was the worst stock market experience in five years. Usually when you have a terrible stock market experience, it’s because a bank fails, a pandemic, a hurricane or because some other country does something.

We don’t have these kinds of stock market responses in response to policies that the President of the United States is proud of. That is something that is entirely without precedent. It is extremely dangerous.

If any administration of which I was a part had launched an economic policy so totally ungrounded in serious analysis or so dangerous and damaging, I would have resigned in protest.

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Celebrations as president’s impeachment is upheld – as it happened

Removed president says he is ‘very sorry’ to have not lived up to expectations. This blog is now closed

Yoon violated his duty as South Korean commander-in-chief by mobilising troops, says Justice Moon, the constitutional court’s acting president says. The president’s martial law declarations violated parliament’s rights, he says as the ruling continues.

Justice Moon says it is difficult to see the South Korean opposition’s actions as a severe national crisis to justify Yoon Suk Yeol’s martial law declaration, Reuters is reporting as he continues delivering the ruling.

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MCG admits ‘breakdown’ in security after guns allegedly smuggled into game

Men arrested at Melbourne sporting venue allegedly carrying loaded firearms after passing through upgraded security

The MCG has blamed a “breakdown in the thoroughness” of security screening procedures after two men allegedly carrying loaded firearms were able to access a blockbuster match between Collingwood and Carlton.

Police alleged the weapons were found after a search by officers at the ground, as a crowd of 82,058 fans watched the Magpies defeat their arch-rivals on Thursday night.

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South Korea president Yoon Suk Yeol removed from office after court upholds impeachment

The court said Yoon had ‘committed a grave betrayal of the trust of the people’ over his ill-fated declaration of martial law in December

South Korea’s suspended president, Yoon Suk Yeol, has been removed from office after the country’s constitutional court voted unanimously to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December.

After weeks of deliberations and growing concerns about the future of South Korea’s democracy, all eight justices voted to strip Yoon of his presidential powers.

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Environment watchdog confirms Sydney’s mystery beach balls likely came from sewage treatment plants

NSW EPA investigation finds debris that washed up on Sydney beaches in 2024 ‘consistent with a land-based sewage source’

Authorities investigating mystery balls of debris that closed beaches in Sydney and the south coast in recent months have determined that they likely originated from Sydney Water’s land-based sewage treatment network, the NSW Environmental Protection Authority (EPA) said on Friday.

“The development comes after a comprehensive scientific and technical investigation found similarities between the makeup of the debris balls and samples taken from several of Sydney Water’s major wastewater treatment plants, including those at Malabar and Bondi,” the EPA said in a statement.

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EU urged to put human rights centre stage at first central Asia summit

Bloc to discuss trade, security and energy with leaders of Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan

The EU is being urged to put human rights centre stage as it begins its first summit with the leaders of central Asia.

The president of the European Council, António Costa, and the head of the European Commission, Ursula von der Leyen, are meeting the leaders of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan on Friday.

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Trump reportedly threatening to freeze $510m in grants from Brown University

University says it has not yet been notified, but school was among dozens warned of academic crackdown

The Trump administration is taking aim at Brown University with threats to freeze $510m in grants, widening its promise to withhold federal funding from schools it accuses of allowing antisemitism on campus, according to multiple media outlets including Reuters and the New York Times.

University officials said they had not yet been formally notified, but the school was among dozens warned last month that enforcement actions could be coming as the administration seeks to crack down on academic institutions .

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C.E.O. Choked Man Who Danced Barefoot on Cruise Ship, U.S. Says – The New York Times

  1. C.E.O. Choked Man Who Danced Barefoot on Cruise Ship, U.S. Says  The New York Times
  2. CEO accused of choking man and threatening to kill him on cruise ship over barefoot dancing incident  NBC News
  3. CEO choked out fellow traveler for dancing barefoot in ship cocktail lounge, feds say: ‘I’ll f–king kill you’  New York Post
  4. CEO allegedly choked, threatened to kill barefoot passenger on Virgin Voyages cruise  USA Today
  5. CEO allegedly choked fellow cruise ship passenger over dance floor dispute: FBI  Fox News
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Tariff troubles overshadow US olive branch at NATO – dw.com

  1. Tariff troubles overshadow US olive branch at NATO  dw.com
  2. Rubio Visits NATO Amid European Alarm Over Trump’s Agenda  The New York Times
  3. Secretary of State Marco Rubio asks NATO allies to chip in with 5% GDP  upi.com
  4. In NATO talks, Trump team puts onus on Europe to defend itself  The Washington Post
  5. Rubio tries to reassure wary allies of US commitment to NATO as Trump sends mixed signals  AP News
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Hungary will withdraw from ICC, government says during Netanyahu visit – The Washington Post

  1. Hungary will withdraw from ICC, government says during Netanyahu visit  The Washington Post
  2. Hungary says it will pull out of ICC as Orban hosts Israel’s Netanyahu – who is wanted by the court  CNN
  3. Hungary welcomes Netanyahu and says it will leave the International Criminal Court  AP News
  4. The Sordid Scandal Behind Netanyahu's Weekend Trip to See Viktor Orbán  Haaretz
  5. Netanyahu defies international arrest warrant on visit to Hungary  NBC News
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IDF kills Hamas commander Hassan Farhat in Lebanon strike – The Jerusalem Post

  1. IDF kills Hamas commander Hassan Farhat in Lebanon strike  The Jerusalem Post
  2. Israel kills a Hamas commander in Lebanon, further testing ceasefire  Reuters
  3. Israel’s Military Strikes Near Beirut, Killing at Least 4  The New York Times
  4. Israel says it killed a Hamas commander in south Lebanon strike  France 24
  5. Lebanon airstrike takes out Hamas operative tied to rocket attacks  www.israelhayom.com
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Tony Mokbel freed on bail by Victorian court after ‘Lawyer X’ scandal

Court of appeal rules Mokbel to be released, saying there is a ‘strong chance’ his convictions will be quashed

The organised crime figure Tony Mokbel will be released on bail as a consequence of the “joint criminal enterprise” Victorian police entered with Lawyer X, Nicola Gobbo, a court has found.

The Victorian court of appeal ruled on Friday that Mokbel should be released and that there was a “very strong” chance his remaining convictions would be quashed.

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