Economy

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Davos 2025 responds to Trump’s approach, while EU leader spearheads climate change initiatives.

Davos, Switzerland — As the annual World Economic Forum event commenced in the picturesque Swiss Alps, U.S. President Donald Trump made headlines with his actions on the first day of his return...

Trump emphasizes collaboration that invests $500 billion in artificial intelligence

In a recent announcement, President Donald Trump highlighted a significant collaborative initiative aimed at investing up to $500 billion in infrastructure related to artificial intelligence. This venture, known as Stargate, has been...

Future of Electric Vehicles Uncertain as Trump Aims to Eliminate Biden’s Incentives

President Donald Trump has enacted an executive order aimed at dismantling what he refers to as “the electric vehicle mandate” set by former President Joe Biden. This move, made public on Monday,...

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Ohio derailment settlement: Residents required to post $850,000 bond for appeal, remain determined to fight on.

Residents who are contesting the $600 million settlement related to the catastrophic train derailment in East Palestine have petitioned a court to overturn an...

Mexico asserts its sovereignty in response to US efforts to designate cartels as terrorist organizations.

MEXICO CITY — President Claudia Sheinbaum of Mexico addressed the ramifications of President Donald Trump's recent executive order, which seeks to label drug cartels...

Trump confuses Spain with a BRICS nation and reiterates the risk of large tariffs

BARCELONA, Spain — President Donald Trump recently sparked confusion by inaccurately identifying Spain as a member of the BRICS nations, which include Brazil, Russia,...

Canada prepares to take action if Trump implements extensive tariffs on February 1.

TORONTO — Senior Canadian officials announced on Monday that the nation stands prepared to respond should President Donald Trump follow through with his intention...

Trump enacted multiple executive orders on his first day. What are his key focuses?

Trump’s Executive Actions on Day 1 President Donald Trump has embarked on an...

Trump announces 25% tariffs on Canada and Mexico starting February 1 while signing multiple economic orders

WASHNGTON — On Monday, President Donald Trump announced that he anticipates implementing a 25% tariff on imports from Canada and Mexico effective February 1....

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Trump reissues executive order for US exit from Paris climate accord

WASHINGTON — On Monday, President Donald Trump enacted an executive order to initiate the United States' withdrawal from the Paris climate agreement once again....

Wealth of billionaires increased significantly in 2024, claims anti-poverty organization ahead of another Davos meeting.

Davos, Switzerland - A recent report from Oxfam International reveals that the wealth of billionaires increased at a rate three times higher in 2024...

A potential solution for safeguarding apples against climate change may be found in Michigan’s woodlands.

In an effort to enhance the resilience of apple trees amidst a warming climate, researchers in Michigan are on the lookout for a unique...

Starbucks to implement layoffs as a strategy for corporate restructuring

Starbucks announced on Friday that it intends to lay off an undisclosed number of employees as it undertakes a restructuring of its corporate workforce....

The growth — and possible decline — of TikTok in America

The potential ban on TikTok in the U.S. left many of its users and influencers in a state of uncertainty for over four years,...

As a US TikTok ban looms, Trump indicates he is ‘highly likely’ to approve an extension.

The deadline for TikTok to avoid a ban in the U.S. is approaching, but users searching for clear information on the implications have not...

Shooter kills two judges in Tehran linked to 1988 execution spree

DUBAI, United Arab Emirates — In a shocking incident in Iran's capital on Saturday, a man fatally shot two notable hard-line judges known for...

Over 40 Pakistanis presumed lost at sea after migrant vessel sinks near African shoreline

ISLAMABAD — Authorities are concerned that over 40 Pakistani nationals may have drowned following the sinking of a migrant boat off the Atlantic coast...

As a TikTok ban approaches, users express grief, anger, and a desire to remain optimistic.

NEW YORK — The United States is moving closer to potentially banning TikTok, as the Supreme Court has upheld a law that would block...

Court overturns Obama-era policy protecting young immigrant arrivals to the US

A federal appeals court issued a ruling on Friday that takes aim at an Obama-era initiative designed to protect immigrants who came to the...

Yellen announces Treasury’s plan to implement ‘extraordinary measures’ starting January 21 to avoid breaching the debt limit.

WASHINGTON — In one of her final actions as Treasury Secretary, Janet Yellen announced that the Treasury Department will initiate “extraordinary measures” starting January...

Stock market update: Wall Street wraps up its strongest week since Trump’s election with a surge

NEW YORK — On Friday, U.S. stock indices wrapped up a successful week, marking their best performance in two months. The S&P 500...

Trump seeks tax reductions, a goal shared by governors and legislators in various states.

JEFFERSON CITY, Mo. — President-elect Donald Trump has put forth a proposal for substantial tax reductions totaling trillions of dollars aimed at individuals and...

Commerce Secretary Raimondo delivers final critiques of Trump and guidance for Democrats moving forward

WASHINGTON — Gina Raimondo, the U.S. Secretary of Commerce, views Donald Trump as a president-elect whose rhetoric is marked by aggression, yet he appears...

IRS Chief Daniel Werfel announces his resignation coinciding with Trump’s Inauguration Day.

WASHINGTON — In a recent communication to IRS staff, Commissioner Daniel Werfel announced his decision to resign from his role on the day of...

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