US President Donald Trump on Wednesday signed an executive order enforcing his earlier threat to impose 50% tariffs on Brazil, citing the need to safeguard US interests. The order invokes a 1977 law, arguing that Brazil’s policies and the criminal prosecution of former President Jair Bolsonaro amount to an economic emergency.The tariffs come on top […]
It’s been six months since Donald Trump returned to the White House in January as the 47th president. His second term has already brought major changes to US domestic and foreign policy. From sweeping tax reforms and economic growth to tough border measures and bold international deals, here’s a rundown of what the US president […]
Democrat Zohran Mamdani wins primary, progressive economic ideas trump Cuomo New York City bets on 33-year-old Democratic State Assemblyman Zohran Mamdani as the surprise frontrunner in the Democratic mayoral primary, outpacing former governor Andrew Cuomo after the first round of ranked-choice ballots.Since the primary is decided through ranked-choice voting (RCV), final results are still awaited, […]
Pakistan’s tax exemptions to various sectors cost the country over $21 billion this year, more than the $17 billion it needs to repay in commercial and bilateral external debt, as revealed in the latest economic survey.Pakistan’s finance minister Muhammad Aurangzeb presented the Economic Survey of Pakistan 2024-25 on Monday, which outlines various economic developments and […]
ASEAN, Gulf nations, and China convened in Kuala Lumpur to bolster economic cooperation (Image credits: AP) Southeast Asian and Gulf nations are set to hold a three-way summit with China on Tuesday in Malaysia’s Kuala Lumpur, aiming to boost economic ties and strengthen regional cooperation amid growing global uncertainty and rising US trade tension.The summit […]
The European Union has decided to lift its economic sanctions on Syria, the bloc’s foreign policy chief Kaja Kallas said on Tuesday.“Today, we took the decision to lift our economic sanctions on Syria,” Kallas said in a post on social media platform X.“We want to help the Syrian people rebuild a new, inclusive and peaceful […]
Chinese President Xi Jinping (Photo: AP) Chinese President Xi Jinping is in Moscow this week for Russia’s Victory Day Parade, where his Russian counterpart, Vladimir Putin, unleashs a display of military might to help cement ties with Beijing.The parade, a celebration of the 80th anniversary of the Soviet triumph over Nazi Germany in World War […]
Representative AI image (Credit: Meta AI) Tourism in China saw a notable rise with increased consumer spending during the five-day Labour Day holiday; however, Chinese social media users questioned these statistics, citing various economic issues and declining exports, according to Radio Free Asia (RFA), quoted by ANI.According to China’s ministry of transport data, daily cross-regional […]
Donald Trump’s economic approval rating falls further. President Donald Trump’s economic approval rate further nosedived, according to a Reuters/Ipsos poll released Wednesday. About 37 per cent of Americans approved of Trump’s handling of the economy, which is five points down since his inauguration. It is also the lowest rating Trump ever received on economy, combining […]
The United States military announced on Thursday it conducted strikes to “destroy” Yemen‘s key Ras Isa Port. The objective of the action, it said, was to “degrade” the port, an “economic source of power” of the Houthis.The US military’s Central Command (CENTCOM) carried out the strikes.In a statement on its X handle, CENTCOM said, ” […]
