President Donald Trump has signed a new order doubling tariffs on steel and aluminum imported from Turkey, raising them to 50% and 20%, respectively. The latest rise, which took effect on Wednesday, is the second huge increase since March. The decision is aimed at protecting the future of the American steel industry, Trump said.
TikTok Shop is under fire for allowing food to be sold without information about its allergens, which some say could put users’ lives at risk. Many listings did not specify whether products include any of the 14 allergens UK businesses are, by law, supposed to declare. The listings were taken off the platform after reports of those violations and TikTok issued a statement reiterating its dedication to consumer safety.
Tesla, the Elon Musk-led electric vehicle company, is looking to set up manufacturing operations in India, the country’s government confirmed at end of this week. His remarks come even as the Indian government unveiled elaborate guidelines for a new policy that promotes local production of electric vehicles.
The Walt Disney Company is laying off several hundred additional employees worldwide as it continues to reduce costs. The job cuts apply across the company’s film, television, casting, development, marketing and corporate finance teams. While the company has said that no complete teams will be eliminated, the layoffs are part of a larger effort to respond to significant changes in the entertainment business.
The Polish government is about to create a new law to restrict the export of wood and to designate it as a strategic commodity. This move follows last year’s dramatic growth in volumes of raw wood resources being exported out of the country.
Poland’s largest insurer PZU and one of its biggest lenders, Bank Pekao, has agreed to start working on a planned merger by mid-2026. The blueprint, disclosed in a signed memorandum, could create one of the continent’s largest financial institutions, combining substantial banking as well as insurance operations under one roof.
Poland’s economy revealed a surprising strength in April and labour market data indicated an unexpected rebound. Meanwhile, new policies on pensions and the environment are re-engineering the country’s economic and social landscape.
Last year saw Donald Trump also enter the fray in his usual style during a campaign visit to the Bitcoin Conference in Nashville where he lobbied the crypto community with grandiose assurances. From vowing to make America the epicenter of the cryptocurrency universe to championing a national bitcoin reserve, Trump’s rhetoric had crypto fans frothing at the mouth. He further promised to dismiss Securities and Exchange Commission Chair Gary Gensler and even to pardon Ross Ulbricht, the founder of the Silk Road black market. The pledges marked a major change of heart for a man who had previously bashed crypto as unstable and worthless.
The Chief Sanitary Inspector (GIS) has warned against another popular drink. The warning follows an earlier alert about particular kvass products that are already being recalled.
Bearable Bull, one of the best known crypto influencers on YouTube, made a bold prediction that XRP will hit $8.00 soon. He called thes price achievement the “journey to generational wealth now complete” and that a new chapter had been opened for the XRP community. That has followed years of market uncertainty, legal battles, and muted price performance that have tried both the patience and the resolve of its long-term holders.
McDonald’s is pulling the plug on its trial beverage-heavy brand CosMc’s after just 18 months due to coronavirus lockdowns hampering the business. The idea of the space, a way to test out new drinks in a freestanding format, will close all five of the pilot locations in the next few weeks. While discontinuing them, McDonald’s says it will maintain seven of the new drink flavors as it rolls them out in its 13,000+ U.S. restaurants.
Poland to Construct Europe's Biggest Logistics Hub in Sławków
Poland's Prime Minister calls a LEANQUIP project an important development, even "a logistics breakthrough in Europe". It will invest in expanding the Euroterminal Sławków 180 million PLN to build the biggest transshipment logistics center in Europe.
There has been an increasing tide of discontent among postmen working the InPost round since the firm was moved to new settlement rules. The revised terms, disclosed on May 12, see drivers of combustion engine cars older than eight years hit by further financial penalties. These agents will have their monthly salaries cut by 5 percent. Although InPost has offered a 2% pay rise in compensation, workers are said to be less than impressed by the turn of events.
Gospodarka Polski jest na dobrej drodze, aby stać się jedną z najsilniejszych w Unii Europejskiej w tym roku, według ministra finansów Andrzeja Domańskiego. Jego komentarze pojawiły się po tym, jak nowe dane wykazały ciągły wzrost gospodarczy, w dużej mierze napędzany rosnącymi inwestycjami. Solidny start 2025
The Bank of Poland has cut its headline interest rate by 50 basis points, the first reduction since October 2023. The move is made in the face of continuing declines in inflation.
The Polish government has made another step towards the modernisation of Polish transport system, recently concluding a Letter of Intent with Korea National Railway (KNR). The order was placed to facilitate the construction of a high-speed rail system that forms a part of Poland's Central Transportation Hub (CPK) plan, a project that aims at merging air, rail, and ground transportation within the country.
The collaboration will involve sharing technical know-how and experience in tunnel maintenance, railway switch systems and railway infrastructure diagnostics. This partnership comes as an extension of existing relationships with South Korean partners, says CPK.
BY Kamil Wrona
BY Nikodem Baran
BY Kamil Wrona
BY Iwo Mazur
BY Iwo Mazur
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