Latest News
- Trump to raise EU car tariffs to 25% amid trade deal concerns
- EU-Mercosur Trade Deal Takes Provisional Effect, Boosting Global Trade
- Rebels Seize Northern Town Tessalit, Mali
- Israel arrests suspect for racially motivated assault on nun in Jerusalem
- France and Germany send firefighting units to aid Netherlands blazes
- Trump claims no congressional approval needed for Iran war due to ceasefire
- Investigators confirm yacht sinking not caused by storm, probe ongoing
- New prime minister péter magyar defends appointment of justice minister
Financial Times - oil producers spring surprise output cut of more than 1mn barrels a day
Summary of the front page
The Financial Times splashes on the revelations from oil producing nations that they will be cutting back production by more than a million barrels a day.
According to the paper, the move has put Saudi Arabia on a “collision course” with the US as it attempts to boost prices.
Today's top stories
Trump to raise EU car tariffs to 25% amid trade deal concerns
May 2, 2026
2:00 am
US President Donald Trump announced on Friday his intention to increase tariffs on cars and trucks from the European Union to 25% next week, citing non-compliance with a trade deal. The move exacerbates tensions amid ongoing negotiations regarding EU-US trade relations.
EU-Mercosur Trade Deal Takes Provisional Effect, Boosting Global Trade
May 1, 2026
11:50 pm
The EU’s trade deal with South America’s Mercosur bloc has begun provisional implementation after 25 years of negotiations. This agreement forms one of the world’s largest free trade areas, encompassing 720 million consumers and aiming to reduce tariffs on over 90% of bilateral trade.
Rebels Seize Northern Town Tessalit, Mali
May 1, 2026
11:47 pm
Rebel groups, including Jamaat Nusrat al-Islam wal-Muslimin, have established checkpoints around Mali’s capital, Bamako, and captured the northern town of Tessalit. This surge follows recent attacks that killed Defence Minister Sadio Camara, raising concerns over Mali’s military response to escalating violence.
Israel arrests suspect for racially motivated assault on nun in Jerusalem
May 1, 2026
11:00 pm
A 36-year-old man has been arrested in Jerusalem for violently assaulting a nun, resulting in injuries to her head and face. This attack, described as an “act of sectarian violence” by Olivier Poquillon of the French School of Biblical and Archaeological Research, has raised alarms over rising attacks on Christians. The investigation continues.
France and Germany send firefighting units to aid Netherlands blazes
May 1, 2026
10:00 pm
France and Germany have deployed firefighting units to the Netherlands to combat woodland blazes that began earlier this week. Dutch authorities, overwhelmed by the fires impacting military training grounds, requested assistance via the EU Civil Protection Mechanism, prompting this international response.
Trump claims no congressional approval needed for Iran war due to ceasefire
May 1, 2026
9:01 pm
What’s happening?
U.S. officials are currently engaged in extensive discussions regarding the War Powers Act as it pertains to military operations in Iran, following the termination of hostilities. The debate centers on whether Congress’s approval is necessary given the recent escalation of conflict in the region.
In contrasting headlines, “Trump tells Congress hostilities in Iran ‘have terminated’ as War Powers deadline hits” (CNBC) emphasizes the procedural aspect of military authorization and the timing of Congressional involvement. Conversely, “Trump administration says its war in Iran has been ‘terminated’ before 60-day deadline” (Yahoo) presents the narrative of conflict resolution, highlighting the cessation of military actions. This difference reflects varying focuses on either the legal frameworks governing military action or the implications of halting military engagement.
Coverage analyzed: CNBC | Yahoo | AP News | NBC News
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