Early bird: After the announcement, the value of American stocks fell by trillions. The South Korean president was removed from office.

Stocks report biggest impact since the COVID crisis

After President Donald Trump imposed widespread tariffs on imports from abroad on Thursday, the value of US companies fell by trillions of dollars. Nearly all sectors suffered significant losses, with US financial markets closing with the largest single-day drop since the COVID-19 leveled the global economy five years ago. Among the most severely affected were banks, retailers, apparel, airlines, and technology companies, with consumers expected to restrict spending if tariffs lead to an increase in the price of goods and services.

Many economists have labeled tariffs far worse than expected, and investors have shed the stocks of companies they expect to be most affected by what is essentially a business tax. This tax is often passed on to consumers. If consumers cut back their spending due to higher prices, businesses will produce less goods and economic growth may halt or decline. Consumer spending accounts for about 70% of economic activity in the US, wrote the agency AP.

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South Korean President ended his term

The Supreme Court of South Korea removed President Yoon Suk Yeol from office, thus ending months of uncertainty and legal disputes after he briefly declared martial law in December and plunged the country into political chaos. Friday's court decision means Yoon's formal removal from the presidential office after the parliament dismissed him from office in December. His dismissal takes immediate effect, which means that he now has to leave the presidential residence and announce elections in his place.

The long-term crisis in South Korea has left a significant global economy and a key US ally rudderless in a tense moments of world events, especially at a time when the "America First" program of US President Donald Trump disrupts decades of established foreign policy norms and breaks down the global trading system, reported CNN.

A mass grave from the Roman era was discovered in Vienna under a football field

When construction workers last October were removing soil during the reconstruction of a Vienna football field, they came across an unprecedented find: In a mass grave from the 1st century Roman calendar, a heap of intertwined skeletal remains was found, presumably bodies of warriors from a battle of Germanic tribes.

On Wednesday, after an archaeological analysis, experts from the Vienna museum publicly presented the grave - associated with a "catastrophic event in a military context" and evidence of the very first known battles in this area. The bodies of 129 people were confirmed at the site in the Simmering district of Vienna. The teams conducting the excavations also found many dislocated bones and believe that the total number of victims will exceed 150, making it a discovery that has not been recorded in Central Europe so far, reported the agency AP.

Musk's X network could face a billion-dollar fine in Europe

The X social network owned by the richest man, Elon Musk, may be fined up to a million dollars (approx. 23 billion crowns) for failing to comply with EU rules on the obligation to actively fight against disinformation. Most likely the network will still get a chance to make amends, as it is currently a medium for spreading false information. Other technological giants may become a target for the EU after the proclamation of Trump's reciprocal tariffs, which are still to be negotiated, wrote CTK.