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Press releases published on July 7, 2025
Canada scraps tax on tech leading companies in order to resuscitate US trade discussions
MENAFN
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July 7, 2025
(MENAFN) Canada has decided to abandon its planned digital services tax (DST) on major tech companies in an effort to restart stalled trade negotiations with the United States. The 3% tax, originally passed under former Prime Minister Justin Trudeau, was …
Seoul Stocks Close Higher on Monday Amid Tariff Concerns
MENAFN
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July 7, 2025
(MENAFN) Seoul’s stock market edged higher Monday as investors closely monitored developments in trade negotiations with the United States ahead of the critical July 9 deadline set by President Donald Trump. Meanwhile, the Korean won weakened against the U …
Two elderly women get killed by elephant in Zambia
MENAFN
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July 7, 2025
(MENAFN) Two tourists lost their lives after an elephant attack in South Luangwa National Park in eastern Zambia, according to the country’s police. The victims, 68-year-old Easton Janet Taylor from the UK and 67-year-old Alison Jean Taylor from New …
Trump bashes Musk over new political party, calling him “Train Wreck”
MENAFN
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July 7, 2025
(MENAFN) US President Donald Trump has strongly criticized Elon Musk over the tech entrepreneur’s intention to start a new political party, accusing him of causing “disruption and chaos” and threatening the stability of the American political landscape, …
Russia’s biggest bank provides pessimistic 2026 anticipation
MENAFN
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July 7, 2025
(MENAFN) Sber, Russia’s largest bank, has issued a bleak outlook for 2026, with CEO German Gref cautioning shareholders about continued economic challenges. He attributed the forecast to persistently high interest rates, which have significantly dampened …
Greenpeace Activists Protest in Berlin to Demand Deep-Sea Mining Halt
MENAFN
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July 7, 2025
(MENAFN) Greenpeace activists staged a striking protest outside Germany’s parliament on Monday, unveiling a colossal 10-meter (33-foot) octopus model to urgently call for a halt to deep-sea mining initiatives just as pivotal international talks began. The …
Russian pipeline gas shipments to EU decrease
MENAFN
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July 7, 2025
(MENAFN) Russian natural gas exports to the European Union fell significantly by 18.3% in June compared to the previous month, Reuters reported, attributing the drop to maintenance work on gas infrastructure. After Ukraine halted gas transit through its …
Dollar witnesses worst year since 1973
MENAFN
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July 7, 2025
(MENAFN) The US dollar has dropped more than 10% against major global currencies in the first half of 2025, marking its steepest early-year decline since 1973, The New York Times reported on Monday, citing market data. Analysts link the slump to President …
Trump, Netanyahu Set to Meet at White House
MENAFN
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July 7, 2025
(MENAFN) U.S. President Donald Trump is set to host Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. Netanyahu departed Tel Aviv on Sunday for Washington, DC, aiming to discuss critical regional matters, including a potential …
Lavrov Pushes for Equitable Global Economy
MENAFN
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July 7, 2025
(MENAFN) At the BRICS Summit held in Rio de Janeiro, Brazil, Russian Foreign Minister Sergey Lavrov emphasized that the bloc of emerging economies is striving to establish “a more stable global economic architecture.” His statement was delivered on Sunday, …
Slovakia Vows to Defend Russian Gas Imports
MENAFN
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July 7, 2025
(MENAFN) Slovakia has declared its determination to defend its access to Russian gas, with Prime Minister Robert Fico asserting on Saturday that the country is “ready to fight” to preserve this energy source. He emphasized that maintaining energy stability …
BlackRock pauses Ukraine reconstruction fund
MENAFN
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July 7, 2025
(MENAFN) U.S. investment giant BlackRock has reportedly abandoned efforts to raise capital for a major fund intended to help rebuild Ukraine, Bloomberg reported on Saturday. The decision came earlier this year amid declining investor interest and increased …
Trump Hints at Potential Gaza Ceasefire
MENAFN
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July 7, 2025
(MENAFN) US Leader Donald Trump stated on Sunday that a ceasefire agreement between Israel and the Palestinian faction Hamas could be finalized within the coming week. Speaking in Morristown, New Jersey, Trump expressed optimism about progress on …
Macron unveils subjects discussed with Putin
MENAFN
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July 7, 2025
(MENAFN) French President Emmanuel Macron revealed that his recent phone call with Russian President Vladimir Putin—their first in nearly three years—primarily focused on nuclear non-proliferation, particularly concerning Iran. Speaking to reporters in a …
Texas Flash Floods Fatalities Climb to 82
MENAFN
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July 7, 2025
(MENAFN) The death toll from flash floods sweeping across Texas has climbed to 82, with 28 children among the victims, media reported late Sunday. The fatalities are concentrated across several counties, with Kerr County suffering the highest losses at 68 …
Iran relocates enriched uranium before US attacks
MENAFN
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July 7, 2025
(MENAFN) Pulitzer Prize-winning journalist Seymour Hersh reported that last month’s US airstrikes on Iran’s nuclear facilities failed to destroy the country’s stockpile of highly enriched uranium, citing sources within the US government. The operation, …
South Korea’s special counsel wants to put formal leader in prison
MENAFN
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July 7, 2025
(MENAFN) South Korea’s special counsel investigating former President Yoon Suk-yeol’s brief imposition of martial law has formally requested a warrant to detain the ousted leader, a spokesperson for the investigation team announced Sunday. Cho Eun-suk, the …
17th BRICS summit currently holds rotating presidency of group
MENAFN
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July 7, 2025
(MENAFN) The 17th BRICS summit began on Sunday in Rio de Janeiro, Brazil, which currently holds the rotating presidency of the group. The two-day gathering is focused on multilateral collaboration and major global challenges related to governance and …
Houthis reaffirm support for Palestine, opposition to Israel, US
MENAFN
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July 7, 2025
(MENAFN) The Houthi movement reiterated its strong support for the Palestinian cause and its opposition to Israel and the United States during Ashura commemorations. Leader Abdulmalik al-Houthi declared that the group will "spare no effort in confronting …
U.S. Reports Enforcing Higher Tariffs by August 1
MENAFN
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July 7, 2025
(MENAFN) U.S. Commerce Secretary Howard Lutnick announced on Sunday that elevated tariff levels will be enforced starting August 1 unless international trade partners reach agreements with Washington. "They go into effect Aug. 1, but the president is …