
-
Swiss 'Mountain Tinder' sparks high-altitude attraction
-
Hong Kong hit by flooding after flurry of rainstorm warnings
-
Asian markets track Wall St rally on Fed rate cut bets
-
Gaza war deepens Israel's divides
-
Beijing lifts rain alert after evacuating over 80,000
-
Decision time as plastic pollution treaty talks begin
-
Zverev ignores fan distraction to advance to ATP Toronto semis
-
Remains of 32 people found in Mexico's Guanajuato state
-
Trump tariffs don't spare his fans in EU
-
Brazil judge puts ex-president Bolsonaro under house arrest
-
With six months to go, Winter Games organisers say they'll be ready
-
Rybakina to face teen Mboko in WTA Canadian Open semis
-
Australia to buy 11 advanced warships from Japan
-
Five years after Beirut port blast, Lebanese demand justice
-
Stella Rimington, first woman to lead UK's MI5 dies at 90
-
Trump admin to reinstall Confederate statue toppled by protesters
-
Rybakina advances to WTA Canadian Open semis
-
Brazilian judge places ex-president Bolsonaro under house arrest
-
Brazil judge places ex-president Bolsonaro under house arrest
-
NGOs caught between juntas and jihadists in turbulent Sahel
-
NBA Spurs agree to four-year extension with Fox: reports
-
Stocks mostly rebound on US interest rate cut bets
-
Boeing defense workers launch strike over contract dispute
-
Grand Canyon fire rages, one month on
-
Djokovic withdraws from ATP Cincinnati Masters
-
Brazil's Paixao promises 'big things' at Marseille unveiling
-
Shubman Gill: India's elegant captain
-
Trump says to name new labor statistics chief this week
-
England v India: Three talking points
-
Exceptional Nordic heatwave stumps tourists seeking shade
-
'Musical cocoon': Polish mountain town hosts Chopin fest
-
A 'Thinker' drowns in plastic garbage as UN treaty talks open
-
India's Siraj 'woke up believing' ahead of Test heroics
-
Israeli PM says to brief army on Gaza war plan
-
Frustrated Stokes refuses to blame Brook for England collapse
-
Moscow awaits 'important' Trump envoy visit before sanctions deadline
-
Schick extends Bayer Leverkusen contract until 2030
-
Tesla approves $29 bn in shares to Musk as court case rumbles on
-
Stocks rebound on US rate cut bets
-
Swiss eye 'more attractive' offer for Trump after tariff shock
-
Trump says will name new economics data official this week
-
Three things we learned from the Hungarian Grand Prix
-
Lions hooker Sheehan banned over Lynagh incident
-
Jordan sees tourism slump over Gaza war
-
China's Baidu to deploy robotaxis on rideshare app Lyft
-
Israel wants world attention on hostages held in Gaza
-
Pacific algae invade Algeria beaches, pushing humans and fish away
-
Siraj stars as India beat England by six runs in fifth-Test thriller
-
Stocks mostly rise as traders boost US rate cut bets
-
S.Africa eyes new markets after US tariffs: president
RBGPF | 0% | 74.94 | $ | |
BCC | -0.77% | 82.71 | $ | |
CMSC | 0.87% | 23.07 | $ | |
RYCEF | 2.14% | 14.5 | $ | |
JRI | 0.76% | 13.2 | $ | |
CMSD | 1.18% | 23.63 | $ | |
NGG | 1.14% | 72.65 | $ | |
SCS | 38.6% | 16.58 | $ | |
SCU | 0% | 12.72 | $ | |
RIO | 0.58% | 60 | $ | |
RELX | 0.73% | 51.97 | $ | |
VOD | 0.72% | 11.04 | $ | |
GSK | 0.32% | 37.68 | $ | |
BTI | 2.16% | 55.55 | $ | |
BCE | -1.12% | 23.31 | $ | |
BP | 2.28% | 32.49 | $ | |
AZN | 0.86% | 74.59 | $ |

Trump tariffs don't spare his fans in EU
Hungarian Prime Minister Viktor Orban promised that the return of his "dear friend" Donald Trump as US president would usher in a new "golden age".
But trade unionist Zoltan Laszlo says Hungary's auto industry has seen the opposite as the United States announced new tariffs, with order cancellations and workflow disruptions marking employees' day-to-day experience.
With tariff rates rising from 2.5 percent before Trump's return to around 25 percent and finally to 15 percent, the "American tariff slalom" has caused nothing but chaos in the car industry, said Laszlo, who represents workers at Mexican automotive parts manufacturer Nemak's Hungarian plant.
In recent years, Hungary and neighbouring Slovakia have become European manufacturing hubs for global car brands seeking lower labour costs, including British Jaguar Land Rover, German Mercedes and Japanese Suzuki.
But due to the export-oriented nature of their automotive sectors, catering in part to the US market, they are among those EU nations hardest-hit by the latest tariffs slated to kick in on August 7.
Despite hailing Trump's comeback and visiting him twice at his Mar-a-Lago luxury estate last year, Orban -- his closest EU ally -- was not spared the pain.
- Distress calls -
Neither were more favourable conditions extended to Slovakian Prime Minister Robert Fico, whose country is the world's largest automobile manufacturer per capita.
According to analyst Matej Hornak, the incoming tariffs won't bode well. He warns of a drop in exports amounting to "several hundred million euros" and the loss of "10,000-12,000" jobs in the sector.
After the announcement of the EU-US trade deal, Orban was quick to apportion blame to EU Commission president Ursula von der Leyen, saying Trump "ate" her "for breakfast".
But in April, the mayor of the Hungarian city of Gyor, whose strong economic growth is closely linked to its car manufacturing plants, had already warned of possible cutbacks and layoffs.
For the city, which is home to various global brands and more than a dozen different parts and component suppliers including Nemak, the fresh tariffs are a disaster.
As one of the biggest employers in Hungary, German carmaker Volkswagen alone provides jobs for more than 12,000 people. Its main engine factory in Gyor produces some Audi-branded vehicles directly for the US market.
The Hungarian government has said that it is still assessing the impact of the tariff rates, vowing that upcoming business deals with Washington could mitigate the negative effects of Trump's "America first" policy.
- Difficult compromise -
But more headwinds are ahead for Hungary and Slovakia, said Brussels-based geopolitical analyst Botond Feledy.
"When it comes to European dealmaking, Trump now prioritises more geopolitically influential figures -- the main option for smaller nations such as Slovakia and Hungary is to join forces with others," he told AFP.
But the "aggressive posturing" in the same vein of Trump's protectionist policies both countries adopted in recent months have isolated them among fellow EU countries, making compromises difficult, the expert added.
Moreover, the stakes are high for Orban, whose 15-year rule has recently been challenged by former government insider-turned-rival Peter Magyar ahead of elections scheduled for next spring.
"Dissatisfaction with the standard of living has made voters more critical, which is also reflected in the popularity ratings of the governing parties," said economist Zoltan Pogatsa, adding that "Hungary has been in a state of near stagnation for many years now".
This year's economic "flying start" touted by Orban did not materialise, with the government further lowering the country's growth goal from the initial 3.4 to one percent.
"So far, Trump's second presidency has only impacted the Hungarian economy through his tariff policy, which has been negative," Pogatsa added.
At the Nemak plant, a recent warning strike has led to management promising to sort out the unpredictable work schedules caused by the tariff changes, which were "unhealthy and physically unbearable" and made "family and private life become incompatible with work", said Laszlo.
I.Matar--SF-PST