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April 10, 2025

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New Zealand politicians broke out in song Thursday after striking down a right-wing-backed proposal that opponents feared would erode indigenous rights.

Tens of thousands of people – predominantly from the Māori community – had already taken to the streets to oppose the bill, which sought to redefine the terms of a treaty that British colonialists signed with the indigenous group more than 180 years ago.

The proposal made global headlines when a video went viral of the nation’s youngest legislator tearing the bill in two and leading a haka – a ceremonial Māori dance – in parliament.

As the bill was voted down by 112 votes to 11 on Thursday, after an occasionally heated session, politicians from both sides of the house sang a Māori song, or Waiata, in celebration, marking the end of a bitter public debate.

“This bill hasn’t been stopped, this bill has been absolutely annihilated,” said Hana-Rāwihti Maipi-Clarke, the MP who led the parliamentary haka during the earlier debate.

The Treaty Principles Bill sought to define the principles of the Treaty of Waitangi – an agreement signed between the British Crown and a group of indigenous Māori leaders in the 1840s, which formalized New Zealand as a British colony and reserved Māori land and customary rights.

Its proponent, David Seymour, argued parliament needed to define the principles of the treaty because definitions currently only existed in a series of court rulings made over decades – rather than in an act of parliament.

His ACT Party – a minority party in the right-wing governing coalition – believes the current law has led to a society where Māori have been afforded different rights and privileges to non-Māori in New Zealand.

Opponents said the courts had already settled the principles of the treaty and that the draft list Seymour put forward would erode indigenous rights and harm social cohesion.

Speaking in parliament on Thursday, Labour MP Willie Jackson called the bill “right-wing obscenity, masquerading as equality.”

Labour’s leader Chris Hipkins, the former prime minister, said the debate would be a “stain on the country” and called the proposed law change a “grubby little bill, born of a grubby little deal.”

The bill was allowed to pass through to the select committee stage because the ACT Party had made it a condition of the coalition deal that helped put Prime Minister Christopher Luxon’s ruling National Party into power.

But the Nationals and the other party in the coalition, New Zealand First, never agreed to support the bill beyond the select committee stage. Luxon had tried to publicly distance himself and his party from it.

Despite the overwhelming opposition, Seymour has vowed to “never give up” on his efforts to change the law.

“The idea that your race matters is a version of a bigger problem, it’s part of that bigger idea that our lives are determined by things out of our control,” he said in parliament on Thursday.

‘Cremation day’

Prime Minister Luxon was not present in parliament as the bill was voted down, drawing the ire of those behind the public campaign against it.

“If you’re the leader of this country and you’ve got a Bill in Parliament that had 300,000 submissions made on it, which broke every single record by a country mile, you would think that the leader of our country would want to be in Parliament for an occasion that big,” Tania Waikato, a lawyer for the Toitū te Tiriti campaign, told RNZ.

This post appeared first on cnn.com

King Charles and Queen Camilla paid a surprise visit to the recovering Pope Francis on Wednesday during a state visit to Italy that coincided with the British royal couple’s 20th wedding anniversary.

The pope met privately with the royals, the Vatican said in a statement.

“During the meeting, the Pope expressed his good wishes to Their Majesties on the occasion of their wedding anniversary and reciprocated His Majesty’s wishes a speedy recovery of his health,” the Vatican said.

The 88-year-old pontiff has been recovering from a life-threatening bout of pneumonia which landed him in hospital for five weeks in February and March. Charles, meanwhile, has been battling cancer since last year.

Wednesday’s meeting came as a surprise after Buckingham Palace announced last month that the royals would postpone a planned state visit to the Vatican because of the pope’s ill health.

However, Francis had appeared to be in good spirits Sunday at his first public appearance since being released from hospital just over two weeks ago.

The pope smiled as he greeted crowds in the Vatican, sitting in a wheelchair and wearing what appeared to be a nasal cannula to help with his breathing.

In a photo circulated by the royal family of Francis greeting the royal couple Wednesday, the pontiff was not wearing the breathing aid.

Charles and Camilla are in Italy on a four-day state visit. They received a full ceremonial welcome on Tuesday, meeting President Sergio Mattarella at the Quirinale Palace before viewing a fly-past by aerial acrobatics teams from the Italian and British air forces.

Earlier Wednesday, Charles met Italian Prime Minister Giorgia Meloni and became the first British monarch to address a joint session of the Italian parliament.

The trip comes less than two weeks after Charles was briefly hospitalized after experiencing “temporary side effects” from a scheduled cancer treatment, according to Buckingham Palace. While causing him to cancel a day’s worth of engagements, the king’s side effects were not out of the ordinary, according to a royal source, and he appeared to recover quickly.

In February last year, Charles revealed he had been diagnosed with an unspecified form of cancer and stepped away from public duties for several months for treatment. He resumed official engagements in April last year after doctors said they were “very encouraged” by his progress.

This post appeared first on cnn.com

Global PC shipments rose 9.4% in Q1 2025, totaling 62.7 million units. This spike was driven by fears of new U.S. tariffs. Companies rushed deliveries to avoid increased costs.

Why Global PC Shipments Jumped

Many manufacturers increased their shipments to the U.S. in early 2025. They feared higher import taxes due to potential tariffs. By acting early, they aimed to keep costs down and maintain profit margins.

Big players like Lenovo and HP saw strong results. Lenovo’s shipments to the U.S. jumped by 20%, while HP increased theirs by 13%. These early moves gave them an edge over competitors.

What This Means for the Market

Analysts say this growth may not last. Since many shipments were front-loaded in Q1, future quarters could see weaker performance. Customers might delay purchases due to higher prices and full inventory levels.

The rise in global PC shipments may lead to a short-term oversupply. That could force companies to offer discounts in Q2 and Q3.

How Companies Are Adapting

To reduce future risks, PC makers are changing where they build their products. Many are shifting production out of China to countries like Vietnam and Mexico. This move helps them avoid tariffs and manage costs better.

Conclusion

Q1 2025 saw a sharp increase in global PC shipments. While this boost came from tariff concerns, it also shows how fast companies can adapt. Moving forward, the focus will shift to long-term strategies like supply chain diversification.

Key takeaway: The PC shipments spike in early 2025 may be short-lived, but it highlights the importance of flexibility in today’s trade environment.

Source: Reuters

Related: Technology News | Global Markets

The post Q1 2025 Global PC Shipments Surge on Tariff Fears appeared first on FinanceBrokerage.

As of April 9, 2025, Bitcoin (BTC) is trading at approximately $77,766, marking a significant drop from its January peak of over $109,000. This Bitcoin price dip highlights the heightened volatility in the cryptocurrency market, influenced by growing geopolitical tensions and recent tariff announcements.

Bitcoin Volatility: A Reflection of Global Uncertainty

Bitcoin price dip have always been a hallmark of its market behavior, but recent economic indicators have intensified these movements. The cryptocurrency fell sharply amid a global crypto selloff, with Ether also leading declines. Analysts attribute this to risk-off sentiment in broader financial markets as investors react to rising inflation, interest rates, and the ripple effects of U.S. trade policies.

Data from Yahoo Finance and MarketWatch show that Bitcoin touched an intraday low of $74,772 before recovering slightly. This steep drop comes just weeks after the coin hovered comfortably above the $100,000 mark, signaling increasing trader hesitation.

Tariff Announcements Add Fuel to the Fire

The reintroduction of aggressive U.S. trade tariffs has significantly impacted global markets. In particular, investors fear that escalating trade tensions with China and other nations may trigger another round of economic slowdown. These fears have not spared cryptocurrencies. Despite being considered a hedge against fiat inflation, Bitcoin is still viewed as a risky asset in volatile climates, prompting panic-selling among short-term holders.

Much like traditional equities, the crypto market responded sharply to news of fresh tariffs, with traders offloading high-volatility assets. Analysts suggest that institutional investors, who played a major role in Bitcoin’s surge to all-time highs, are now reassessing their exposure amid macroeconomic headwinds.

Broader Crypto Selloff Led by Ether and Altcoins

Ether (ETH), the second-largest cryptocurrency, saw a similar downward trend, falling more than 5% in the same trading window. Other major altcoins like Solana (SOL), XRP, and Cardano (ADA) also posted significant losses. This coordinated pullback across the crypto landscape underlines the interconnectedness of digital asset markets and investor sentiment.

The crypto fear and greed index, which gauges market emotion, has shifted sharply toward “fear,” reinforcing the cautious outlook across the sector.

Investor Sentiment and Portfolio Rebalancing

The current Bitcoin price dip has prompted both retail and institutional investors to rebalance their portfolios. Many are shifting towards less volatile assets like gold and U.S. treasury bonds, leading to short-term sell pressure in Bitcoin. With upcoming halving cycles and continued interest from global regulators, the long-term trajectory of Bitcoin remains uncertain but still promising for long-term believers.

Expert Opinions and What Comes Next

Market strategists from Barron’s and Bloomberg suggest that this dip may be temporary, especially if inflation and interest rates stabilize in the coming months. Some see the correction as a healthy reset, paving the way for sustainable future growth. Others warn that if geopolitical tensions worsen, Bitcoin could revisit sub-$70K levels.

Investors are encouraged to monitor developments in the global economic landscape, including central bank actions and trade negotiations, which will undoubtedly shape Bitcoin’s next moves.

Conclusion: A Temporary Setback or Trend Reversal?

Bitcoin’s price dip below $80,000 in April 2025 signals a broader market correction triggered by trade war fears and shifting economic policies. However, history shows that Bitcoin has often rebounded stronger after periods of doubt. Whether this is a short-term drop or a longer-term reset, one thing is certain: Bitcoin continues to mirror the complexities of the global financial landscape, and investors must stay informed and adaptable.

Key takeaway: As global tariffs return and inflation lingers, Bitcoin’s short-term volatility may persist. Long-term investors, however, still view dips as potential entry points into a decentralized future.

Source 1: Yahoo Finance

Source 2: Yahoo Finance

Source 3: MarketWatch

Source 4: Barron’s

The post Bitcoin Price Dip Below $80K Amid Trade Tariff Fears appeared first on FinanceBrokerage.