Tariffs are the highest in a century and the war in Iran has triggered a fresh energy shock. Uncertainty remains high. What does this mean for euro area growth and inflation?
Our host Paul Gordon discusses these questions and more with Christiane Nickel.
Source: Council of the European Union (video statements)
Why can you find Turkish carpets, Japanese tea or Mexican avocados in European shops? Because the EU doesn’t just trade within its own borders, it shapes global free trade by speaking with a single voice on behalf of 27 countries.
Discover how the EU became the world’s biggest trading power, responsible for almost 16% of international trade and supporting over 33 million jobs across Europe. From foreign trade policy to the negotiating table, find out how free trade deals are made, how economic partnership agreements work, and what EU tariffs mean in practice, not only for businesses, but also for YOU!
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Timestamps:
00:00 Intro
00:46 Biggest trader in the world
01:22 EU-Japan trade deal
01:52 How the Japanese deal was made
03:12 US & tariffs
03:29 New & existing trade deals
04:01 Why make deals at all?
04:23 Why does this matter for you?
04:57 Outro
A new UN report warns that global financing for development is under growing pressure, threatening decades of progress.
At the launch of the 2026 Financing for Sustainable Development Report: Implementing the Sevilla Commitment (FSDR 2026), Li Junhua, UN Under-Secretary-General for Economic and Social Affairs, said, âDevelopment progress is imperiled by global fragmentation, geopolitical tensions and conflict. Developing countries are trapped in a catastrophic financing squeeze from compounding shocks.â
Many developing countries, especially the poorest and most vulnerable, are struggling with a severe financing squeeze.
Debt payments are at their highest level in two decades, development aid is declining, and foreign investment has dropped for the second year in a row, making it harder for countries to invest in health, education and climate resilience.
Li Junhua reported, âDevelopment aid is falling sharply. In 2025, 25 countries decreased their Official Development Assistance (ODA), leading to a 23 percent overall drop from 2024 to 2025, the largest annual contraction on record. Only four countries met the 0.7 per cent target â Denmark, Luxembourg, Norway, and Sweden. Based on preliminary data, ODA is expected to further decline by another 5.8 percent in 2026. Developing countries, especially the poorest, face mounting debt, with debt service burdens hitting 20-year highs.â
Geopolitical tensions and global fragmentation are also making cooperation and financial reforms harder to achieve.
Li Junhua said, âPressures have intensified, with a financing squeeze and increasing fragmentation exacerbated by conflicts. The recent conflict in the Middle East, for instance, has triggered a significant shock to an already fragile global economy. While the ultimate impact will depend on the conflictâs duration and severity, and the resulting arrangements for shipping and trade, we are already seeing clear repercussions for developing countries in relation to energy, food, trade and debt sustainability.â
The report urges stronger international collaboration and investment to close the $4 trillion annual development financing gap.
Despite challenges, progress in renewable energy, South-South cooperation, and early implementation efforts offers a path forward.
Briefing by Peter Due, Special Representative of the Secretary-General and Head of UNMIK, on the Secretary-General’s latest report on UNMIK.
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âLet us hope that differences can be bridged, a new President can be elected and that new legislative elections can be avoided,â the new chief of UNMIK said, briefing the Security Council on the situation in Kosovo.
Peter Due, the Special Representative of the Secretary-General and Head of the United Nations Interim Administration Mission in Kosovo (UNMIK) noted the return of Kosovo Serb mayors to local institutions in the north as a positive step but said âthis process has not been without challenges,â citing âincomplete handovers, administrative gaps and language barriersâ raised by mayors he had met with.
He also said UNMIK had âimplemented a contingency plan reducing encumbered positions by almost 30 per centâ in response to the UN’s broader financial difficulties.
Serbian Foreign Minister Marko ÄuriÄ said UNMIK remained âindispensable,â noting that its mandate under resolution 1244 had ânot been fully implemented.â He said Serbs in Kosovo and Metohija were âincreasingly marked as the otherâ and that their identity was being used âas a basis to limit the rights of Kosovo Serbs, restrict their movement and target their homes, property and religious sites.â
Glauk Konjufca said âthe obstacle to peace and normalization of relations remains Serbia, which is neither interested in normalizing relations with Kosovo nor joining the EU.â He called on Belgrade to âcome to terms with reality and recognize Kosovo as a sovereign and independent state,â saying it was âholding its society and entire region hostage to aspirations of regaining regional hegemony.â
Konjufca said Kosovo had âone of the most advanced minority protection frameworks in Europeâ and said Serbia and âother malign actors continue to weaponize minority rightsâ to âpromote division, disorder and undermine our democratic institutions.â
US Deputy Representative Tammy Bruce said the Council âshould not measure effectiveness by how long a mission survives,â pointing to the capabilities of local institutions and the EU presence on the ground. âThe UN mission has reached the end of the road,â she said.
Russia’s Permanent Representative Vasiliy Nebenzya said it was âunacceptable to reduce the frequency or to change the format of Security Council meetings on Kosovo,â adding that any reduction in UNMIKâs budget or staffing was equally unacceptable. The mission, he said, continued âto perform the essential task of contributing to the maintenance of stability in the province.â
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Troop-contributing countries to the UN Interim Force in Lebanon (UNIFIL) joined by several other Member States and the European Union, condemned in âthe strongest termsâ the persistent attacks against UNIFIL, including the latest "grave" attacks which cost the lives of three Indonesian peacekeepers and injured several other peacekeepers from France, Ghana, Indonesia, Nepal and Poland.
Today (9 April), Indonesian Ambassador Umar Hadi read a joint statement on the safety and security of peacekeepers.
In the statement, countries expressed âdeep concernâ over the escalation of tension in Lebanon since 2nd March 2026 and its impact on the safety and security of peacekeepers.
Ambassador Hadi said, âwe firmly condemn the unacceptable aggressive behavior towards UNIFIL personnel and leadership recently observed,â adding that the countries recall, âpeacekeepers must never be the target of attack and that attacks on them are prohibited while they enjoy protection under international law and relevant UN Security Council resolutions, and may constitute a war crime.â
The statement reiterated, âthe safety and security of UN peacekeepers is non-negotiable.â It urged the UN and the Security Council to âexert all tools available at its disposal to strengthen the protection of UN peacekeepers in an increasingly dangerous environment.â
Ambassador Hadi reaffirmed countries âfull supportâ for UNIFIL and its mandate as set out in relevant Security Council resolutions, and urged all parties under âall circumstances, to take all measures to ensure the safety and security of peacekeeping personnel and premises in accordance with international law.â
The statement called on the UN to âcontinue investigating all attacks against peacekeepers in a prompt, transparent and comprehensive manner and keep the relevant troop contributing countries informed on the progress consistent with Security Council Resolutions 2518 (2020) and 2589 (2021).â
âThose responsible for these attacks must be held accountable,â Ambassador Hadi emphasized.
Ambassador Hadi also expressed âdeep concernsâ over the humanitarian situation in Lebanon, âespecially the significant civilian casualties, the extensive destruction of civilian infrastructure, and the mass displacement of more than one million people.â
He said, âwe call on parties to urgently return to the cessation of hostilities arrangement of 2024 and respect the United Nations Security Council Resolution 1701 of 2026,â adding a call for âa cessation of hostilities in Lebanon, de-escalation of tensions, and for all parties to return to the negotiating table.â
Ambassador Hadi reiterated countries âstrong commitment to the sovereignty, independence, territorial integrity and unity of Lebanon.â
He also said, âwe pay tribute to the dedication and service of all United Nations peacekeepers who risked their lives in the cause of international peace and security, and express our deep appreciation to all troop contributing countries.â
Ambassador Hadi spoke on behalf of Algeria, Armenia. Australia, Austria. Bahrain, Bangladesh, Belgium, Brazil, Brunei Darussalam, Cambodia, People’s Republic of China, Colombia, Croatia, Cyprus, Democratic Republic of the Congo, Denmark, Egypt, El Salvador, Estonia, Finland, France, Germany, Ghana, Greece, Guatemala, Hungary, Indonesia, Ireland, Italy. Jordan, Latvia, Liberia, Luxembourg. Malaysia. Malta, Moldova. Mongolia, Morocco, Nepal, the Netherlands, North Macedonia, Pakistan. Panama, the Philippines, Poland, Portugal, Qatar, Republic of Korea. Romania, Russian Federation, Sierra Leone, Slovakia, Slovenia, Spain, Sri Lanka, Sweden, Tanzania, Thailand, Timor-Leste, Turkey, United Kingdom, Uruguay, Zambia, and the European Union.
Highlights:
– Normandy World Peace Forum
– Iran
– Lebanon
– Occupied Palestinian Territory
– Yemen
– Yemen/Humanitarian
– Sudan
– Chad/Sudan
– UN Humanitarian Flights
– Security Council
– Senior Personnel Appointment
——————————————————-
NORMANDY WORLD PEACE FORUM
Today, the Secretary-General addressed the Normandy World Peace Forum via a video message. He said that at a time when geopolitical upheavals, wars, inequality and the climate crisis are shaking our world to its core, peace can seem more fragile than ever. In this turmoil, he underscored, hope is not a refuge but a duty: the duty to defend international law against the law of power; to protect human rights against abuses; and to uphold human dignity against indifference.
The Secretary-General stressed that peace is not merely the silence of guns. It is built through justice, solidarity, humanitarian access, and trust between peoples. It demands the courage to listen and to compromise.
The Secretary-General noted that Normandy knows the cost of war, and it also knows the power of reconciliation and collective commitment, which raised Europe from the ruins and inspired the world. As we face the challenges of our time, he called on all to draw on that memory to find the courage to act for peace.
IRAN
The Secretary-Generalâs Personal Envoy for the Middle East Conflict and its Consequences, Jean Arnault, is currently visiting Iran. Today, he has held meetings with senior officials from the Ministry of Foreign Affairs, as well as with representatives of the Iranian Red Crescent, and he visited some of the civilian sites damaged in strikes. During these engagements, he heard views on the way forward and reiterated the Secretary-Generalâs firm commitment to making every possible effort to support a peaceful settlement of the conflict.
Acting on the Secretary-Generalâs instructions, Mr. Arnault will continue his regional tour with visits to several countries across the Middle East, aimed at supporting ongoing efforts to achieve a comprehensive and durable resolution to the conflict. Further readouts and information will be provided as the regional visit continues.
LEBANON
The Secretary-General unequivocally condemns the massive strikes by Israel across Lebanon on 8 April that resulted in hundreds of civilians being killed and injured, including children, as well as damage to civilian infrastructure.
The Secretary-General strongly condemns the loss of civilian lives and is deeply alarmed by the mounting toll on civilians. He extends his deepest condolences to the Government and people of Lebanon and wishes a swift and full recovery to the injured.
Our colleagues on the ground tell us that today is a national day of mourning in the country. Flags on Government buildings and UN offices are flying half-mast.
Authorities report that more 200 people were killed and more than 1,000 injured, overwhelming hospitals in the biggest wave of Israeli airstrikes on Lebanon since the beginning of the escalation. Many others are still feared to be trapped under the rubble.
Our colleagues report that strikes have continued overnight and today, with air raids on areas in Beirutâs southern suburbs.
Reports of the destruction of the Qasmiyeh coastal bridge in southern Lebanon have further isolated areas south of the Litani River, restricting peopleâs movement and humanitarian access for at least 106,000 people.
This afternoon, a displacement order for the southern suburbs of Beirut has been renewed and extended to the area that includes a UN office for UNRWA, two Palestinian refugee camps, 13 shelters for Internally Displaced persons hosting over 6,000 people, offices of several national and international NGOs, and the Rafik Hariri Governmental Hospital, the biggest public hospital in the country. It also covers more than 20 locations used by our humanitarian partners to deliver aid and services to people in need.
With the announcement of the ceasefire between Iran and the United States, the ongoing military activity in Lebanon poses a grave risk to the ceasefire and the efforts toward a lasting and comprehensive peace in the region. The Secretary-General reiterates his call to all parties to immediately cease hostilities.
Full Highlights:
https://www.un.org/sg/en/content/noon-briefing-highlight?date=2026-04-09
On Monday, the NASA-led mission Artemis II reached 406,788km from Earth – the furthest that humans have ever been in space.
The mission took astronauts around the dark side of the Moon, and broke a 56-year-old record held by Apollo 13.
The crew hugged as they made history, and beamed back special announcements honouring their predecessors and urging unity for âMother Earthâ, saying: âWe will always choose each other.â
#Space exploration provides a unique perspective on our planet, and an opportunity to gather Earth observation data and insights, which are powerful tools for addressing many challenges facing the planet, from climate change to sustainable growth.
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