Press Release
CGTN: U.S. tariffs spark global backlash and market turmoil
CGTN publishes an article on how the latest “reciprocal tariffs” enacted by the U.S. have negatively impacted markets worldwide and triggered condemnation from governments, including traditional U.S. allies. Analysts argue that the tariffs demonstrate Washington’s willingness to oppose global consensus.
The global economy reeled this week as the United States’ aggressive tariff policies triggered sharp market sell-offs and a unified international backlash.
Wall Street saw one of its worst trading days in years, with the Nasdaq Composite officially entering bear market territory, having declined more than 20 percent from recent highs, and the Dow Jones Industrial Average in a correction. For Thursday and Friday, the Dow was down 9.3 percent, the S&P 500 10.5 percent, and the Nasdaq 11.4 percent.
As one of the largest companies by market capitalization, Apple is among the hardest hit, as the company relies on Chinese manufacturing for products such as the iPhone. Other industry giants like Walmart and Nike were also battered by the new round of tariffs.
The downturn was not confined to U.S. borders–major financial markets in Asia and Europe also recorded significant losses, reflecting widespread concern over escalating trade tensions.
The United States’ imposition of sweeping new tariffs has drawn fierce criticism from around the world. A survey by CGTN shows an overwhelming majority of respondents believe that “reciprocal tariffs” cannot solve the problems the U.S. is facing, and it will only harm the interests of American consumers and slow economic growth.
Meanwhile, many countries have accused Washington of engaging in economic bullying, undermining global trade norms and jeopardizing international cooperation.
Nations fight back
In a swift and forceful response, China announced a new round of retaliatory tariffs on U.S. goods. Starting at noon on April 10, Beijing will impose a 34 percent tariff on select American imports. Additionally, new export restrictions on key rare earth elements– critical components for advanced manufacturing and technology–will also be implemented.
The U.S. move does not conform to international trade rules, seriously undermines China’s legitimate rights and interests, and represents a typical act of unilateral bullying, according to a statement released by Chinese trade officials on Friday.
As America’s largest trading partner, the European Union wasted no time in voicing its opposition. European Commission President Ursula von der Leyen condemned the U.S. tariffs and confirmed that the EU has finalized an initial set of countermeasures, particularly targeting American steel exports.
Von der Leyen slammed Trump’s move, calling it a “major blow” to the world economy and asserting that it would “massively suffer.”
“There seems to be no order in the disorder, no clear path to the complexity and chaos that is being created as all U.S. trading partners are hit,” von der Leyen said.
She also warned of “immense consequences,” saying the effect would be felt immediately, with consumers and businesses around the world being negatively impacted.
“Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for millions of people around the globe, also for the most vulnerable countries, which are now subject to some of the highest U.S. tariffs.”
Traditional U.S. allies have also spoken out against the tariffs. British Prime Minister Keir Starmer, Italian Premier Giorgia Meloni and Australian Prime Minister Anthony Albanese all expressed their disappointment with American tariffs, asserting the negative impact of a trade war.
“The [U.S.] administration’s tariffs have no basis in logic – and they go against the basis of our two nations’ partnership,” Albanese said. “This is not the act of a friend.”
French President Emmanuel Macron urged European companies to freeze investment plans in the U.S., while Canadian Prime Minister Mark Carney warned that Canada would “take reciprocal measures” to protect its economy.
America against the world
The international response signals a potentially volatile period for global trade and investment. While the U.S. administration defends the tariffs as necessary to protect domestic industries, analysts have pointed out that they demonstrate Washington’s willingness to put itself against the whole world.
“In fact, the international order today, which the U.S. sees as unfair, was formed under its own leadership, and it has been its biggest beneficiary for a long time,” Wei Nanzhi, a research fellow at the Institute of American Studies, Chinese Academy of Social Sciences, told CGTN.
While the hegemony of the U.S. dollar has become a problem for American industrial workers, trying to use “reciprocal tariffs” to effectively stimulate the return of manufacturing is impossible in the short term, Wei said.
Cui Fan, a professor at the University of International Business and Economics in Beijing, said the tariffs will raise domestic prices in the U.S., increase the burden on its citizens and raise costs for many companies.
Under the current global value chains, tariffs cannot restore manufacturing to the U.S. homeland, Cui told CGTN.
Given that Trump has “modification authority” and can decide to raise or lower tariffs as appropriate, Cui said this policy instability is a major factor inhibiting trade, warning that the global trade situation in the near future will not be positive.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Under the patronage of Maktoum bin Mohammed DIFC to host 3rd edition of Dubai FinTech Summit on 12 and 13 May 2025
- His Highness: Summit reflects Mohammed bin Rashid’s vision of establishing Dubai as a global financial powerhouse
- Summit to draw over 8,000 attendees and 300 speakers from more than 100 countries, and over 1,000 investors alongside top decision makers, thought leaders and experts
- Essa Kazim: Through the summit, DIFC continues to showcase the tremendous opportunities for AI, FinTech and innovation companies in Dubai
- Future Sustainability Forum will be incorporated into the summit for the first time
- FinTech World Cup gives start-ups a platform to display solutions to investors, venture capitalists, and strategic partners
Dubai, UAE, 30th April 2025, ZEX PR WIRE, “The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, of establishing Dubai as a global financial powerhouse. The Summit is set to attract over 8,000 attendees and 300 speakers from more than 100 countries, as well as over 1,000 investors alongside top decision makers, thought leaders and experts. This reflects Dubai’s pivotal role in shaping the future of finance globally, while reinforcing its status as the destination of choice for businesses and entrepreneurs worldwide. We are committed to supporting FinTech in line with the goal of the Dubai Economic Agenda D33 to position Dubai as a top four global financial centre by 2033.”
– His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC
Government of Dubai Media Office – 13 April 2025: The Dubai International Financial Centre (DIFC) is set to host the third edition of the Dubai FinTech Summit on 12 and 13 May 2025, at the Madinat Jumeirah, Dubai, under the theme ‘FinTech for All’. The Summit, held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC, will bring together global industry leaders, innovators, and policymakers to explore the latest trends and insights driving the FinTech sector.
His Highness Sheikh Maktoum bin Mohammed said: “The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, of establishing Dubai as a global financial powerhouse. The Summit is set to attract over 8,000 attendees and 300 speakers from more than 100 countries, as well as over 1,000 investors alongside top decision makers, thought leaders and experts. This reflects Dubai’s pivotal role in shaping the future of finance globally, while reinforcing its status as the destination of choice for businesses and entrepreneurs worldwide. We are committed to supporting FinTech in line with the goal of the Dubai Economic Agenda D33 to position Dubai as a top four global financial centre by 2033.”
Drivers of FinTech growth
The FinTech sector continues to grow and by 2030 global revenues are expected to reach $1.5 trillion, representing an estimated 7% of the total financial services market. This growth is driven by advancements in artificial intelligence, blockchain and digital banking, creating new opportunities for financial institutions and technology companies worldwide.
Dubai FinTech Summit is at the heart of these developments. Its agenda will address the future of finance, financial innovation and regulatory compliance, while highlighting the challenges and opportunities the sector presents. It will also cover the latest in key areas such as blockchain technology, AI-driven services, and digital banking. Furthermore, the summit will explore investment trends, global economic shifts, and cross-border regulations.
Attracting talent
His Excellency Essa Kazim, Governor of DIFC said: “Through the Dubai FinTech Summit, DIFC continues to showcase the tremendous opportunities AI, FinTech and innovation companies can access when they establish in Dubai. As we relentlessly foster an environment of innovation and excellence, we are solidifying Dubai’s position as one of the world’s foremost destinations for FinTech talent and investment.”
Accompanying exhibition and Future Sustainability Forum
Providing a global platform for innovation, building partnerships and driving the next wave of FinTech advancements, the Summit will also feature an exhibition with 200 exhibitors.
The Future Sustainability Forum will be incorporated into the Dubai FinTech Summit for the first time, and the alignment is reflected in the Summit’s theme of ‘FinTech for All’. Associated sessions will highlight accessibility, inclusivity and empowerment in the financial sector.
Key speakers
Amongst the distinguished lineup of speakers are His Excellency Marko Primorac, Deputy Prime Minister and Minister of Finance of Croatia; His Excellency Gilles Roth, Minister of Finance, Luxembourg; Timothy Adams, President and Chief Executive Officer, Institute of International Finance (IIF), USA; Tony O Elumelu, Chairman of United Bank for Africa and Founder of Tony Elumelu Foundation, Nigeria; and Vijay Shekhar Sharma, Founder & Chief Executive Officer, Paytm, India.
The Summit will feature start-up and country pavilions in the exhibition arena to showcase cutting-edge solutions from emerging and established players. Additionally, the FinTech World Cup will give promising FinTech start-ups a global platform to display their solutions to investors, venture capitalists, and strategic partners, and an opportunity for investors to find the next big idea.
Reflecting the continued importance of FinTech to the finance industry, the event is being supported by Emirates NBD as Premium Banking Partner, Commercial Bank of Dubai as Strategic Banking Partner; Relm Insurance as Strategic Partner; Presight as AI Industry Leader; Pay10 and Alibaba Cloud as Platinum Sponsors; Seoul FinTech Lab as a Pavillion Partner; and Business Sweden as the Country Partner.
Registrations for Dubai FinTech Summit are now open at dubaifintechsummit.com.
About Dubai FinTech Summit
Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 3rd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,000+ investors and policy makers, signalling increased appetite for growth opportunities in the region.
Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 bn from 2022 to 2030. The Summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.
The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, global economic trends, blockchain and cryptocurrency, regulatory compliance, and investment outlook. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.
For more information, contact:
Shadi Dawi
Sr. Director – PR, Comms., & Media
M: +971 55 498 4989 | E: shadi@tresconglobal.com
Media partners include:
Entrepreneur ME – Ecosystem Partner
Arabian Business – Business Media Partner
The FinTech Times – Newspaper Partner
Finance World Magazine – Finance Magazine Partner
The Technology Express – Technology Intelligence Partner
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Safetyvalue Trading Center Launches Mobile App V2 With Biometric Login and Real-Time Alerts
Safetyvalue Trading Center unveils Mobile App V2, featuring biometric authentication, customizable dashboards, and push notifications to support secure, high-speed crypto trading for users around the world.
Safetyvalue Trading Center today announced the official release of Safetyvalue Mobile App V2, a major update to its iOS and Android applications that brings powerful new features, optimized performance, and improved accessibility for global cryptocurrency traders. This latest version reflects the company’s focus on delivering a streamlined, user-friendly mobile experience without compromising on security or functionality.
The V2 upgrade introduces a redesigned interface that makes it easier for users to view markets, manage portfolios, and execute trades in just a few taps. In addition to the sleek new design, Safetyvalue has integrated biometric login options, including Face ID and fingerprint authentication, for enhanced account security and convenience.
Key upgrades include:
Biometric authentication for secure, password-free access
Customizable trading dashboard with real-time charts, order book, and price alerts
Push notifications for price movements, order execution, and system updates
NFT wallet view and direct marketplace access
One-click switching between spot, margin, and DeFi modes
Support for 10+ languages, including Spanish, Arabic, Japanese, and Portuguese
“The mobile experience is critical to modern crypto users, and V2 is designed to meet their evolving needs,” said a Safetyvalue product director. “Whether users are tracking NFT auctions, managing a diverse portfolio, or executing high-frequency trades, the new app ensures everything is accessible, fast, and secure—right from their pocket.”
The new app architecture has also been optimized for low-bandwidth environments and faster load times, especially in emerging markets. Safetyvalue has implemented advanced caching and real-time syncing mechanisms that allow users to stay connected even with intermittent internet access.
In addition to core trading features, Safetyvalue App V2 includes educational modules, how-to guides, and integrated customer support via live chat and help center browsing. This makes it easier for new users to onboard and begin trading with confidence, regardless of prior experience.
The updated mobile app plays a key role in Safetyvalue’s broader mission to provide borderless, 24/7 access to digital assets. It supports all Safetyvalue account types and integrates seamlessly with the platform’s unified multi-asset system, allowing users to manage fiat, crypto, NFTs, and DeFi positions from a single wallet interface.
App V2 is now available on the Apple App Store and Google Play, with rollout support for over 100 countries. Safetyvalue has confirmed that additional features—such as wallet connect integrations, staking dashboards, and multi-account switching—are in development for upcoming releases.
Download or learn more at:
https://safetyvalue.info
https://safetyvalue-review.com
https://safetyvaluetrading.center
https://safetyvaluetrading.pro
https://safetyvalue.wiki
Media Contact
Organization: Safetyvalue
Contact Person: Alexander Griffin
Website: https://safetyvalue.com/
Email: Send Email
Country:United States
Release id:27142
Disclaimer: The information provided in this press release is for informational purposes only and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Safetyvalue Trading Center does not recommend that any cryptocurrency should be bought, sold, or held by you. Conduct your own due diligence and consult your financial advisor before making any investment decisions. Cryptocurrency trading involves substantial risk and may not be suitable for all investors.
View source version on King Newswire:
Safetyvalue Trading Center Launches Mobile App V2 With Biometric Login and Real-Time Alerts
It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
The new ExaCrypt interface introduces an upgraded, user-centered design featuring improved navigation, mobile optimization, and advanced charting tools—empowering traders with a more efficient, responsive platform.
ExaCrypt, a leading digital asset trading platform, is excited to announce the launch of its completely redesigned user interface (UI), offering a modern, intuitive, and more user-friendly experience for traders worldwide. This significant platform update is aimed at improving navigation, enhancing the overall user experience, and ensuring a more streamlined trading process for both beginners and seasoned professionals.
A Modern, Streamlined Design for Enhanced Trading Efficiency
The new user interface brings a fresh, modern look while maintaining the platform’s robust functionality. Key features of the redesigned UI include:
Intuitive Layout: The interface has been simplified for easier access to essential trading tools and information. Users can now quickly find the features they need, from live market data to order placement, all in one place.
Customizable Dashboard: Traders can personalize their dashboard with widgets and shortcuts to prioritize their most-used tools and data, creating a tailored experience that fits their individual trading styles.
Optimized Mobile Experience: The updated platform design is mobile-responsive, providing seamless functionality and smooth navigation on any device, allowing users to trade on the go without compromising on features or performance.
Real-Time Data and Enhanced Charting Tools: The redesigned interface includes enhanced charting tools and real-time market data for more precise analysis and better decision-making.
User-Centered Design for All Traders
“We’ve listened to feedback from our community, and this UI redesign is the result of our commitment to making ExaCrypt not just a powerful platform, but also a highly intuitive one,” said Élise Laurent, Product Manager at ExaCrypt. “Our goal is to ensure that traders of all levels, from beginners to professionals, can easily access the tools they need to succeed. The new interface delivers on that promise, providing a clean, customizable workspace with everything traders need right at their fingertips.”
Improved Performance and Speed
Alongside the visual improvements, the platform has been optimized for performance, ensuring that users experience faster load times, smoother navigation, and improved responsiveness. This update enables ExaCrypt to continue delivering the seamless and secure trading experience that its users expect.
About ExaCrypt
ExaCrypt continues to innovate and lead in the digital asset trading industry by providing advanced tools, a secure environment, and a user-focused platform. With the launch of the new UI, ExaCrypt further strengthens its commitment to offering a top-tier, user-friendly platform that empowers traders around the world.
For more information, please visit:
https://www.exacrypt.review
https://www.exacrypt.pro
https://www.exacrypt-fr.com
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
Media Contact
Organization: ExaCrypt
Contact Person: Elise Laurent
Website: https://e-crypt.com/
Email: Send Email
City: Paris
Country:France
Release id:27137
View source version on King Newswire:
ExaCrypt Unveils Redesigned Platform Interface Focused on Usability and Speed
It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Under the patronage of Maktoum bin Mohammed DIFC to host 3rd edition of Dubai FinTech Summit on 12 and 13 May 2025
ExaCrypt Unveils Redesigned Platform Interface Focused on Usability and Speed
Safetyvalue Trading Center Launches Mobile App V2 With Biometric Login and Real-Time Alerts
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