Trump took a U-turn on tariffs, putting a pause for 90 days. On Wednesday morning, US markets fluctuated until Donald Trump posted on Truth Social, advising it was an optimal time to purchase stocks. Approximately four hours later, he announced a 90-day tariff suspension, resulting in significant market gains.Criticism poured in after White House aide […]
The International Monetary Fund on Tuesday said it has reached a preliminary agreement with Argentina on a $20 billion bailout, providing a welcome reprieve to President Javier Milei as he seeks to overturn the country’s old economic order. As a staff-level agreement, the rescue package still requires final approval from the IMF’s executive board, which […]
Cornell University (NYT photo) In a sweeping move aimed at enforcing anti-discrimination laws on college campuses, the Trump administration has frozen over $1 billion in federal funding to Cornell University and $790 million to Northwestern University, citing ongoing civil rights investigations. “The money was frozen in connection with several ongoing, credible, and concerning Title VI […]
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has once again defended his aggressive trade policies, claiming that the United States is now “pouring in” billions of dollars from newly implemented tariffs on foreign imports. Speaking from the East Room of the White House on Tuesday while signing a series […]
US president Donald Trump and Paramount, the parent company of CBS News, will soon begin mediation in a $20 billion lawsuit Trump has filed over what he calls “news distortion,” reported New York Times.The case focuses on CBS’s editing of an interview with former Vice President Kamala Harris that aired on its flagship programme 60 […]
Representative image (Picture credit: AP) A coalition of attorneys general from 23 states has sued the Trump administration over its decision to revoke $11 billion in federal health funding, arguing that the move is illegal and endangers public health across the country. The lawsuit has been filed in a federal court in Rhode Island. According […]
The United States has pulled back approximately $12 billion in federal COVID-19 immunization funding, the Minneapolis health department announced on Wednesday.HHS confirmed that the funds were primarily utilised for COVID-19 response measures, including testing and vaccination. The department began issuing termination notices on Monday, stating that the pandemic has concluded and further spending on a […]
A spending plan approved by Israel’s parliament hands PM Benjamin Netanyahu a political victory and devotes a significant chunk to military spending, signaling Israel expects to stay on a war footing for the longer term. The $206 billion budget was approved Tuesday with 66-52 votes.The passing of the budget has political as well as financial […]
South Korea’s Hyundai has unveiled a massive $20 billion investment in US manufacturing, including a $5 billion steel plant in Louisiana, marking the company’s first steel production facility in the country. The announcement was made on Monday at the White House, alongside US President Donald Trump, Hyundai chairman Euisun Chung, and Louisiana governor Jeff Landry.The […]
Representative AI image via Lexica Recent policy decisions by US President Donald Trump are raising concerns about the future of American tourism, with fears that price increases and a stronger dollar could deter foreign visitors.A report by Tourism Economics, a division of Oxford Economics, estimates that the US tourism sector could lose approximately $64 billion […]
