Year: 2024

Mbappe struggles as Liverpool dominate Real Madrid in Champions League clash

Mbappe struggles as Liverpool dominate Real Madrid in Champions League clash

Liverpool produced a commanding performance against Real Madrid in the Champions League on Wednesday, leaving Carlo Ancelotti's side reeling. Among those under most scrutiny was Kylian Mbappe, whose disappointing performance, capped by a missed penalty, added to an already challenging start to his time at the Spanish club. With Vinicius Junior unavailable due to injury, the stage seemed set for Mbappe to shine and cement his place as the cornerstone of Real Madrid's attack. Instead, the French striker faltered, failing to take advantage of key opportunities and struggling to establish himself against an energetic Liverpool side. Mbappe's frustration was evident…
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Ferrari’s unique position shields it from potential tariff woes in the auto industry

Ferrari’s unique position shields it from potential tariff woes in the auto industry

As President-elect Donald Trump renews his calls for high tariffs on imports from China, Canada and Mexico, the global auto industry braces for potential supply chain disruptions and rising costs. However, Ferrari, the iconic Italian luxury automaker, appears uniquely positioned to weather the storm, even as other manufacturers face growing challenges. Trump's proposed measures include a 10% tariff on all goods entering the United States from China and a 25% tariff on imports from Canada and Mexico, triggering concerns across industries that rely heavily on global trade. While European automakers have yet to be directly targeted, analysts suggest it may…
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Mexican President Sheinbaum calls for cooperation while preparing response to Trump’s proposed tariffs

Mexican President Sheinbaum calls for cooperation while preparing response to Trump’s proposed tariffs

Mexican President Claudia Sheinbaum has expressed willingness to engage in dialogue with U.S. President-elect Donald Trump, but made clear that any unilateral trade measures imposed by his administration will be met with reciprocal action by Mexico. In a letter he plans to send to Trump, Sheinbaum stressed the need for cooperation and mutual understanding, cautioning against addressing complex issues such as migration and drug trafficking through threats or punitive tariffs. “It is not through threats or unilateral measures that we can address immigration or drug use in the United States,” Sheinbaum said in his letter. However, he added that if…
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Trump announces new tariffs on Chinese goods, escalating trade tensions

Trump announces new tariffs on Chinese goods, escalating trade tensions

US-China economic relations are facing new uncertainties after President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese imports. The announcement, made on its social media platform Truth Social, signals a significant escalation in trade tensions between the world's two largest economies. Trump's statement came shortly after he revealed his intention to enact a 25% tariff on all imports from Mexico and Canada as one of his first executive actions on Jan. 20, the day he took office. This move is expected to effectively dismantle the existing regional free trade agreement between the three nations. Trump…
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