Poland to Hold Rates, Focus on Glapinski's Tone
A month after the Monetary Policy Council cut its benchmark by half a point, all but one of 27 economists surveyed by Bloomberg expect the panel to keep rates steady at 5.25% on Wednesday. Glapinski and other policymakers have signaled that rates should stay flat in June before potential further easing later this year.
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10 minutes ago
- Yahoo
EU chief von der Leyen heads to Scotland for trade talks with Trump
By Andrew Gray and Andrea Shalal BRUSSELS/EDINBURGH (Reuters) -EU Commission President Ursula von der Leyen headed to Scotland on Saturday ahead of a meeting with U.S. President Donald Trump on Sunday afternoon, commission spokespeople said, as EU officials said the two sides were nearing a trade agreement. Trump, in Scotland for a few days of golfing and bilateral meetings, told reporters upon his arrival on Friday evening that he was looking forward to meeting with von der Leyen, calling her a "highly respected" leader. He repeated his view that there was a 50-50 chance that the U.S. and the 27-member European Union could reach a framework trade pact, adding that Brussels wanted to "make a deal very badly". If it happened, he said it would be the biggest trade agreement reached yet by his administration, surpassing the $550 billion accord agreed with Japan earlier this week. The White House has released no details about the planned meeting or the terms of the emerging agreement. The European Commission on Thursday said a negotiated trade solution with the United States was within reach, even as EU members voted to approve counter-tariffs on 93 billion euros ($109 billion) of U.S. goods in case the talks collapse. To get a deal, Trump said the EU would have to "buy down" that tariff rate, although he gave no specifics. EU diplomats say a possible deal between Washington and Brussels would likely include a broad 15% tariff on EU goods imported into the U.S., mirroring the U.S.-Japan deal, along with a 50% tariff on European steel and aluminum. The broad tariff rate would be half the 30% duties that Trump has threatened to slap on EU goods from August 1. It remains unclear if Washington will agree to exempt the EU from sectoral tariffs on automobiles, pharmaceuticals and other goods that have already been announced or are pending. Combining goods, services and investment, the EU and the United States are each other's largest trading partners by far. The American Chamber of Commerce in Brussels warned in March that any conflict jeopardized $9.5 trillion of business in the world's most important commercial relationship. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News24
12 minutes ago
- News24
'Make America Gay Again': Amsterdam pride gets political
Thousands gathered at the Amsterdam Pride march, emphasizing the importance of defending global LGBTQI+ rights amidst increasing threats. Demonstrators celebrated with festive attire and banners while addressing pressing issues like transgender rights and political hate speech. Participants highlighted the balance between celebration and activism, stressing the need for equality and access to essential resources, such as shorter waiting lists for transition-related care. Thousands of people gathered for Amsterdam Pride march on Saturday in a festive and political mood, stressing the need to defend LGBTQI+ rights increasingly under threat around the world. Organised by the Pride Amsterdam foundation, the march kicked off a week of festivities in the Dutch capital, which culminates next weekend in a huge parade on the city's famous canals. "We have an amazing pride, because it's on the canals, it's very unique, so it's very famous," said Ben Thomas from Amsterdam, current holder of the title Mister Bear 2024, awarded to men with luxuriant facial hair. "People are not so aware about the march, because it has turned into too much of a party and does not so much focus on why we do it," added the 44-year-old, who teaches young refugees. "We're not just here to party, but we're here to be equal citizens. We're here for our rights!" READ | US Supreme Court rules 6-3: parents can opt children out of LGBTQ school lessons on religious grounds Decked out in dashing and brightly coloured clothes, the demonstrators marched through the city centre in festive mood, brandishing rainbows or banners reading "Make America Gay Again" or "Protect the Dolls" - a reference to the rights of transgender women. "It's important to be here, to show up. With all the stuff that's going on in the world, it's getting really scary, especially in America," said Dani van Duin, a 44-year-old IT specialist who identifies as a lesbian woman. Since his return to power, US President Donald Trump has rolled back many rights enjoyed by transgender people. But the situation is also becoming less comfortable even in the Netherlands, said Van Duin. She added: People are just repeating hate speech from the right wing, and they don't think anymore. Lina van Dinther, a 21-year-old student, came to march with two friends and celebrate her transgender identity. "And also to hopefully improve the transgender situation in the Netherlands," she added, draped in a blue, pink, and white flag that represents her community. The young woman said the waiting list for a clinic offering transition surgery can be as much as six years. "It's a pressing issue that needs to be addressed," she told AFP. At the end of the march, in Amsterdam's leafy Vondelpark, Frederique Emmerig, dressed in a summery dress, looks around her in wonder. "In my city, I feel like I'm the only one. It's very lonely." Pride marches are organised in many global cities around the world, linked to the Stonewall riots which erupted in New York in June 1969, the founding mobilisation of the LGBTQI+ movement.
Yahoo
34 minutes ago
- Yahoo
Polish leader warns of conflict with Russia by 2027
Europe and Poland should be prepared for a possible major conflict with Russia by 2027, Polish Prime Minister Donald Tusk said on Saturday. He said that his government would make maximum use of the next two years to stabilise the situation in Poland and ensure security, according to reports by the news agency PAP. The prime minister referred to a similar assessment by the new NATO Supreme Commander Alexus Grynkewich with whom he had spoken shortly before. According to this assessment, Russia and China could become strong enough by 2027 to seek a coordinated confrontation with NATO and the US. Given Russia's war against Ukraine, a range of possible scenarios are circulating among Western military experts about when other European states could face aggression. 2027 is the earliest estimate mentioned yet. German Defence Minister Boris Pistorius has said 2029. EU states are rearming and aim to be able to repel a Russian attack by 2030. Russia is also expanding its armed forces. However, the Moscow leadership has dismissed the idea NATO territory would be attacked as nonsense. The Russian newspaper Komsomolskaya Pravda recently flipped the narrative, alleging NATO plans to attack Russia in 2027. Russia continues to attack Ukraine daily, in the full-scale invasion launched by the Kremlin in 2022. Solve the daily Crossword
