In a day marked by significant economic, geopolitical, and environmental news, here are the major headlines impacting Europe and the world on April 3, 2024.

A significant earthquake struck near Taiwan, causing buildings in Taipei to shake and leading authorities to issue tsunami warnings. The natural disaster has put the region on high alert as emergency services work to assess the full impact and prepare for any potential tsunami.

In the technology sector, Intel disclosed a substantial $7 billion operating loss in its foundry business, sending its shares tumbling. This development raises questions about the future direction of the company’s foundry operations and its ability to compete in the global semiconductor market.

On the economic front, the Federal Reserve’s outlook on interest rates shows divergence among its officials. While Fed’s Mester highlighted a stronger US economy, raising the long-term rate outlook, Fed’s Daly presented a more dovish stance, suggesting that three rate cuts in 2024 are a reasonable baseline. These differing views underscore the uncertainty surrounding the US economic trajectory.

In international politics, President Biden criticized Israel, stating that the country ‘has not done enough’ to protect aid workers in Gaza. This statement reflects growing concerns about the safety of humanitarian efforts in conflict zones.

The US has cancelled its latest plan to refill oil reserves, citing high prices. This decision indicates the challenges in balancing energy needs with market conditions, especially in a time of increasing fuel prices.

In corporate news, Disney emerged victorious over Trian in a contentious board fight, according to sources. This victory secures Disney’s current leadership’s control over the company’s strategic direction.

The US steel union has rejected Nippon Steel’s appeal for support in its takeover bid, marking a significant setback for the Japanese company’s expansion efforts in the American steel industry.

Amid economic shifts, Toyota and Honda reported increased sales in the US, as consumers turn to more affordable car options. This trend highlights the ongoing adjustments in consumer behaviour in response to economic pressures.

In tech innovation, Samsung Electronics announced plans to unveil its 3D DRAM technology next year. This advancement could have significant implications for the future of computing and electronic devices.

Today’s headlines reflect a complex tapestry of global challenges and developments, from natural disasters and economic uncertainties to corporate battles and technological advancements. As the world continues to navigate these multifaceted issues, the outcomes of today’s stories will undoubtedly influence future events.