- Carney seeks to reverse $1 trillion in foreign capital flight in September
- Trump administration imposes tariffs of up to 12.5% on 60 trading partners over forced labour concerns
- Bodycam footage captures rescue of two boys trapped beneath Blackpool Pier
- Toddler dies after being left in minibus for several hours in Portugal
- Ireland’s investigation into alumina exports to Russia concludes ambiguously
- EU imposes new sanctions on Russia targeting energy, finance, and crypto sectors.
- US inflation rate slows as consumer prices show signs of easing
- Ukraine replaces top military leaders amid improved combat performance
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Carney seeks to reverse $1 trillion in foreign capital flight in September
Get you up to speed: Carney aims to reverse $1 trillion in foreign capital flight over 2 days in September
Business Council of Canada vice-president Marc Desormeaux reported increased investment enthusiasm from the business community in Canada over the past year. This development reflects a notable shift in sentiment towards investment opportunities in the country.
Business Council of Canada vice-president Marc Desormeaux noted increased enthusiasm for investment in Canada over the past year. The organisation is currently assessing how these trends might influence future economic policies and institutional frameworks.
The Business Council of Canada has noted a “greater enthusiasm” from the business community to invest in Canada over the past year. In response, officials are expected to monitor this trend closely and consider measures to facilitate further investment.
What remains unclear — The specific factors driving increased enthusiasm for investment in Canada have not been detailed.
Carney seeks to reverse $1 trillion in foreign capital flight in September

There’s a greater ‘enthusiasm’ from the business community to invest in Canada over the last year, according to Business Council of Canada vice-president Marc Desormeaux.
Trump administration imposes tariffs of up to 12.5% on 60 trading partners over forced labour concerns
Get you up to speed: Trump administration imposes new tariffs on dozens of countries, citing forced labor concerns
The Trump administration imposed new tariffs of up to 12.5% on goods from 60 U.S. trading partners accused of failing to address forced labour, effective Friday at 12:01 a.m. Countries such as Vietnam and China are affected, while others, including the United Kingdom, Canada, and Mexico, face a reduced 10% rate.
The forced labor tariffs went into effect at 12:01 a.m. on Friday, following the conclusion of a prior set of 10% levies. Investigations under Section 301 by U.S. Trade Representative Jamieson Greer’s office are ongoing, potentially leading to further tariffs on additional countries.
The Trump administration defended the newly imposed tariffs as “the most sweeping international labor rights action the United States has ever taken,” stating that it aims to encourage trading partners to enforce import prohibitions on forced labour. The administration is conducting further Section 301 investigations that may lead to additional tariffs, with one probe already triggering 25% tariffs on Brazil.
What remains unclear — It is not specified which other countries are currently under investigation for their manufacturing practices and may face additional tariffs.
Trump administration imposes tariffs of up to 12.5% on 60 trading partners over forced labour concerns
The Trump administration imposed tariffs of up to 12.5% Friday on goods from 60 U.S. trading partners it accused of failing to crack down on forced labor. The move, announced Thursday, extended the administration’s tariffs on much of the world.
Most of the trading partners are facing 12.5% tariffs, including Vietnam and China, but a lower 10% rate applies to 17 countries that have some prohibitions on forced labor, including the United Kingdom, Canada and Mexico. Five other trading partners — including the European Union — are facing some additional levy to get their total most-favored-nation tariff rate to either 10% or 12.5%.
A senior administration official described the measure as “the most sweeping international labor rights action the United States has ever taken, that any country has ever taken.”
The official told reporters the Trump administration views forced labor as a problem not only because of human rights concerns, but also because countries that don’t enforce bans on forced labor have an “unfair advantage” over the United States, which does enforce such bans.
“This action advances longstanding bipartisan objectives by pairing enforcement with incentives that encourage our trading partners to adopt and effectively enforce the type of import prohibitions that we do,” an official said earlier Thursday.
A few of the countries hit by the tariffs already have bans or restrictions on forced labor entering their supply chains, and a European Union-wide ban is set to take effect late next year. The Trump administration argues those trading partners have “failed to effectively enforce” their rules.
Some imports are exempted from the levies, including oil and gas, things that aren’t produced in the U.S. or could cause economic disruptions, goods where a tariff wouldn’t contribute to the elimination of unfair trading practices and goods like steel that are already covered by sector-specific tariffs. Many goods that comply with the U.S.-Mexico-Canada Agreement, a trade deal signed during the first Trump administration, are also exempt.
The new tariffs went into effect at 12:01 a.m. on Friday, when a separate set of 10% levies on most imports expired.
The forced labor duties mark the latest attempt by President Trump to resurrect his global system of tariffs after a Supreme Court ruling earlier this year struck down most of his country-by-country tariffs. The high court ruled that Mr. Trump had illegally used an emergency economic powers law to impose tariffs on much of the world.
Mr. Trump vowed to reinstate his tariffs through other legal routes, arguing the levies are necessary to revive U.S. manufacturing and prevent what he views as unfair trade practices by other countries. Many economists warn tariffs can lead to higher consumer prices and more sluggish economic growth.
Almost immediately after the Supreme Court’s February ruling, Mr. Trump ordered 10% tariffs on most global imports under a law called Section 122, which gives the president the power to deal with balance-of-payment issues. But that legal authority lasted for only 150 days.
The Section 122 tariffs were largely replaced by the new forced labor tariffs, which were issued under another legal authority known as Section 301. That law allows longer-lasting tariffs in response to unfair trade practices, but only if the government conducts an investigation, which U.S. Trade Representative Jamieson Greer’s office wrapped up this week.
The administration is conducting several other Section 301 investigations that could lead to more tariffs. One probe triggered 25% tariffs on Brazil this week, and the administration launched a long-running investigation earlier this year into whether more than a dozen countries have unfairly built up “excess capacity” in manufacturing.
Goods such as steel, aluminum and car parts are subject to tariffs under a separate law called Section 232. And yet another federal law — Section 338 — was invoked this week to slap tariffs on Canadian milk, alcohol and hockey equipment.
“The president is not going to allow his trade policy and overall objectives to be undermined simply because … one tool may be limited by a court or something else,” a senior administration official said Thursday. “We are going to get at these trade policies and practices, the president is always going to look to tariffs as a tool to do it, and he’s always going to use negotiation as well to obtain resolution of these issues.”
Bodycam footage captures rescue of two boys trapped beneath Blackpool Pier
Get you up to speed: Dramatic bodycam shows rescue of two boys seconds from drowning | News UK
Two boys, Subby, 10, and a 12-year-old, were rescued by a volunteer crew after becoming trapped beneath Blackpool Pier on May 28. They clung to the pier for around 40 minutes until the lifeboat crew reached them and took them to paramedics at the shore.
The volunteer lifeboat crew reached the boys within minutes and transported them to paramedics stationed at the shore. The incident occurred on May 28, amid concerns over rapidly rising tides, which left the boys clinging to the pier for approximately 40 minutes.
The RNLI quickly responded to the incident and successfully rescued the boys, with Zully expressing profound gratitude towards the volunteer crew, stating, “I can’t comprehend the fact they are just normal people with jobs… but they’d risk that to save my family.” Authorities may consider issuing warnings about the dangers of fast-rising tides at popular beach locations to prevent similar incidents in the future.
What remains unclear — The extent of any injuries sustained by the boys following their rescue has not been disclosed.
Bodycam footage captures rescue of two boys trapped beneath Blackpool Pier
Two young boys who were just seconds away from drowning were pulled to safety after becoming trapped beneath Blackpool Pier.
Footage shows the children, Subby, 10, and another boy aged 12, clinging to the structure as the water rushed around them on May 28.
They had been on a family day out when they became stranded by the fast-rising tide and clung on for around 40 minutes.
Their mum Zully, from Leeds, had tried to wade out to reach the boys but was pushed back by the waves.
Her 21-year-old nephew, Ted, also tried to reach the pair and clung to the pier supports, but became stranded himself.
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Zully said she was left watching as her son began disappearing under the water.
She said: ‘I knew he’d cling on if he could hear my voice telling him not to let go, but by now the water was rising fast and I could see him going under.
‘It didn’t feel real, it was like I was in some kind of helpless dream – a nightmare.
‘I could see my nephew hanging on, but I could see the fear in his eyes. I could see my boy submerged next to the poles of the pier.’
The volunteer crew were able to reach the boys in just a few minutes, and took them to paramedics waiting at the shore.
Zully said: ‘When I saw Subby coming in on that lifeboat and being carried away, it was like a miracle. I thought he’d gone. He survived because of these people who are volunteers.
‘God bless these people who came. I can’t comprehend the fact they are just normal people with jobs and their own family, but they’d risk that to save my family.
‘They don’t get enough credit for what they do. Nothing mattered to those people in that boat but saving lives and that’s incredible.’
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Toddler dies after being left in minibus for several hours in Portugal
Get you up to speed: Toddler dies after being ‘forgotten’ inside sweltering minibus in Portugal | News World
An 18-month-old girl died after being left on a nursery minibus for approximately seven hours in Almada, Portugal, amid high temperatures. She was found in a ‘critical condition’ and was declared dead at the scene shortly before 4pm yesterday.
Authorities confirmed that the investigation into the incident is being led by Portugal’s Policia Judiciaria, although no arrests have been reported as of now. The girl was reportedly to be transported to a daycare centre managed by Colegio Mestre Cuco after being handed over around 8am, with the alarm raised only later when her mother sought to pick her up.
Portugal’s Policia Judiciaria has launched an investigation into the circumstances surrounding the death of the 18-month-old girl found on a nursery minibus. No arrests have been made as authorities assess accountability, and the child’s grandmother has expressed outrage, stating, “The person who had the van killed my granddaughter.”
What remains unclear — Authorities have not disclosed whether any charges will be filed in connection with the child’s death.
Toddler dies after being left in minibus for several hours in Portugal

The 18-month-old girl was found in a ‘critical condition’ inside the vehicle in Almada on the southern bank of the Tagus River directly opposite the capital Lisbon (Picture: Getty Images)
A toddler has died after being ‘forgotten’ and left on a nursery minibus for around seven hours amid searing temperatures in Portugal.
The 18-month-old girl was found in a ‘critical condition’ inside the vehicle in Almada on the southern bank of the Tagus River directly opposite the capital Lisbon just before 4pm yesterday.
Paramedics desperately tried to revive her, but she was declared dead at the scene.
The girl, named only as Sofia, was handed over to a worker at around 8am and was supposed to have been taken to her day care centre, her grandmother said.
It appears the alarm was only raised by her mum when she went to pick her up in the afternoon and realised she was not there.
The van was reportedly parked in an avenue called Avenida do Cristo Rei in front of a different facility to the one Sofia attended.
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Her grandmother told Portuguese tabloid Correio da Manha: ‘We don’t know why my granddaughter was left in a van at this institution, which isn’t hers.
‘The person who had the van killed my granddaughter.’
The creche the van belonged to has been named locally as Colegio Mestre Cuco.
Temperatures around the time the alarm was raised this afternoon in Almada were around 27°C.
There have been no reports of any arrests so far, although Portugal’s Policia Judiciaria police force have been mobilised to take charge of the investigation.
Two children aged two and four were found dead in their family’s car in the town of Carpentras in southeastern France last month as Europe suffered a ferocious heatwave.
In September 2023, a baby girl called Madalena died after being left in a car on a Portuguese university campus for several hours in 26 degree heat.
The 10-month-old child’s father, described at the time locally as a lecturer and departmental head at the campus near Lisbon, is believed to have forgotten to drop her off at its creche before going to work and leaving her in the vehicle.

View of the Camara Municipal de Almada clock tower in Almada, Lisbon, Portugal (Credits: Getty Images)
He reportedly called 999 after realising his error and discovering the youngster unconscious inside the car.
Efforts to revive her proved unsuccessful and she was pronounced dead at the scene.
The unnamed father is said to have parked the family SEAT Ateca car by the campus creche around 8am on September 12, 2023, before going to work at his office in the Nova School of Science and Technology, a faculty of the NOVA University Lisbon located at the Caparica Campus in Almada a half-hour drive south of the Portuguese capital.
In May last year a three-year-old boy died in a popular Spanish tourist town after being found trapped inside a parked car in eighty degree heat.
Emergency responders including police and paramedics were sent to the scene after a 999 call from a member of the public.
They tried to revive him for several minutes after freeing him from the vehicle and discovering he didn’t have a heartbeat.
The child was then rushed to a local hospital where he was certified dead.
The drama happened in Linares in the Andalucian province of Jaen, home to the Andres Segovia House Museum dedicated to celebrated classical guitarist Andrés Segovia.
The town is close to Baeza and Ubeda which are both UNESCO World Heritage sites.
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Ireland’s investigation into alumina exports to Russia concludes ambiguously
Ireland’s investigation into alumina exports to Russia concludes ambiguously
The investigation into Ireland’s alumina exports to Russia has ended, with the government not fully confirming or denying a connection to Vladimir Putin’s military efforts.
The investigation’s ambivalence regarding Ireland’s alumina exports to Russia maintains potential implications for compliance and transparency in international trade relations.
“The investigation has concluded, but the findings do not provide a definitive link between alumina exports and the ongoing conflict,” a government spokesperson stated.
Ireland finds 'no evidence' to conclude alumina sales prop up Russia's war

The long-awaited investigation into Ireland’s alumina exports to Russia has concluded on an ambivalent note, with the government neither fullying confirming nor denying any link to Vladimir Putin’s war machine.
EU imposes new sanctions on Russia targeting energy, finance, and crypto sectors.
EU imposes new sanctions on Russia targeting energy, finance, and crypto sectors.
The European Union has sanctioned Russian energy and financial services as part of its 21st package of sanctions, reinforcing its commitment to cut off revenue sources fuelling the ongoing conflict in Ukraine. The measures include significant restrictions on the energy sector, impacting multiple companies and aiming to mitigate the operational capabilities of Russia’s military-industrial complex. European Council President Charles Michel emphasised the EU’s resolve amidst escalating geopolitical tensions, stating that the Union stands united in its approach towards ensuring security and stability across Europe.
In the markets, heightened tensions have led to renewed volatility, with energy stocks being particularly affected. Analysts predict a potential slowdown in economic recovery as countries adjust to the ramifications of the sanctions. Next up for the EU is an upcoming summit scheduled for next month, where leaders will discuss further strategic responses and evaluate the effectiveness of existing sanctions against Russia.
Key developments across Europe
Google Hit With $1 Billion Fine By EU Over Search Engine Practices
EU LAW — The EU imposed a €1 billion fine on Google for anti-competitive practices.
This sanction is part of the EU’s ongoing efforts to regulate Big Tech and ensure competitive practices within the marketplace. The ruling highlights the EU’s strict stance against monopolistic behaviour, which could have wider implications for technology companies operating in Europe.
21st package of sanctions: EU hits Russian energy, financial services and crypto hard
EU SANCTIONS — The EU unveiled its 21st sanctions package targeting Russia’s critical sectors.
This sanctions round emphasizes energy and financial services, aiming to restrict Russia’s ability to finance its war against Ukraine. It reflects the EU’s commitment to a unified approach against Russian aggression and the evolving nature of international sanctions.
EU temporarily extends controversial chat-scanning regime until 2028
EU LAW — The EU has decided to extend its chat-scanning regulations until 2028.
This move has sparked debates over privacy and user rights, as digital privacy advocates fear it could lead to misuse of personal information. The extension aims to strike a balance between security concerns and protecting citizens’ rights, thereby continuing a contentious dialogue in European digital policy.
Spain declares state of emergency and France seeks EU help as wildfires rage
EU SECURITY — Spain has declared a state of emergency due to severe wildfires while France seeks EU assistance.
The wildfires pose significant threats to public safety and ecosystems across Southern Europe. This urgent situation highlights the increasing severity of climate-related events and the need for coordinated EU responses to environmental crises.
Russia’s war of aggression against Ukraine: Council extends economic sanctions for another year
EU SANCTIONS — The EU has prolonged economic sanctions against Russia, citing ongoing aggression towards Ukraine.
This renewal underlines the EU’s commitment to support Ukraine while pressuring Russia through economic measures aimed at crippling its military capabilities. The sanctions reflect the EU’s approach to international relations and security dynamics within Europe.
What to watch — The EU prepares for discussions on further sanctions targeting Russian energy revenues in the wake of continuing conflicts.
Further reading from across European news sources
Financial Times
Ireland pushes for breakthrough on EU capital markets reform
Reuters
Five EU countries float safeguards for future bloc members
Politico Europe
European Parliament ditches Google for French search firm over privacy concerns
Euronews
EU temporarily extends controversial chat-scanning regime until 2028
The Guardian
Anger at ‘send them back’ chants by rightwing MEPs after EU migration law vote
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