Elsewhere, the yen gave up more of its recent gains as markets backed off a small chance of the Bank of Japan (BOJ) raising interest rates in May. Sowing more volatility across markets, U.S. President Donald Trump threatened to hit imports of wine, cognac, and other alcohol from Europe with a 200% tariff. The escalating […]
The back-to-back rulings were the most significant blow yet to the effort by Trump and top adviser Elon Musk to drastically shrink the federal bureaucracy. Government agencies face a Thursday deadline to submit plans for a second wave of mass layoffs and to slash their budgets. Get weekly news and analysis on US politics and […]
Russia’s invasion of Ukraine in February 2022 has left hundreds of thousands dead and injured, displaced millions of people, reduced towns to rubble and triggered the sharpest confrontation for decades between Moscow and the West. Putin’s heavily qualified support for the U.S. ceasefire proposal looked designed to signal goodwill to Washington and open the door […]
The action is the latest in the Trump administration’s sweeping moves to undo the prior administration’s efforts to prod automakers to build electric vehicles after rescinding a push to make EVs at least 50% of new vehicles by 2030. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch […]
“We deeply regret this measure,” European Commission chief Ursula von der Leyen said in a statement about the US tariffs, as Brussels announced it would be “launching a series of countermeasures” in response to the “unjustified trade restrictions”. “Tariffs are taxes. They are bad for business, and even worse for consumers. These tariffs are disrupting […]
“It is unacceptable for us that they (the US) give orders and make threats. I won’t even negotiate with you. Do whatever the hell you want”, state media quoted Pezeshkian as saying. Iran’s Supreme Leader Ayatollah Ali Khamenei said on Saturday that Tehran would not be bullied into negotiations, a day after Trump said he […]
In a motion filed in Washington, D.C., federal court, the unions cited an email from USAID’s acting executive secretary Erica Carr instructing employees to come to the agency’s office on Tuesday for “clear classified safes and personnel documents.” “Shred as many documents first, and reserve the burn bags for when the shredder becomes unavailable or […]
Brent futures fell 6 cents, or 0.1%, to $69.22 a barrel at 0402 GMT, while US West Texas Intermediate crude futures lost 13 cents, or 0.2%, to $65.90 a barrel. US President Donald Trump’s protectionist policies have roiled markets across the world, with Trump imposing and then delaying tariffs on his country’s biggest oil suppliers, […]
Washington, Ukraine’s main ally before Trump’s inauguration in January, has upended its policy on the conflict to pursue a rapid end to the fighting. Trump has engaged directly with Moscow, stopped military assistance to Kyiv, and paused intelligence sharing with Ukraine, which Russian troops invaded at scale in 2022. A stunning White House clash last […]
Carney will take over at a tumultuous time in Canada, which is in the midst of a trade war with longtime ally the United States under President Donald Trump and must hold a general election soon. Mark Carney, 59, took 86% of votes cast to beat former Finance Minister Chrystia Freeland in a contest in […]
