Category: Economy
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Trump and Xi Reach Better-Than-Expected Agreement to Cool Trade War and Markets Dawn Euphoric
The United States and China have reached a provisional agreement in the trade war, with major tariff reductions sparking euphoria in global markets.
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Trump and Xi Reach Better-Than-Expected Agreement to Cool Trade War, and Markets Wake Up Euphoric
United States and China have reached a provisional agreement in the context of the trade war. The world’s two largest economies will bilaterally reduce the tariffs imposed on most products by 115 percentage points. The agreement will take effect on Wednesday (12) and will be valid for 90 days. The announcement was made on Sunday…
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President Trump’s Second Term: The Controversial First 100 Days
President Donald Trump marked the first 100 days of his second term, at the end of April, with a series of bold executive actions, broad policy changes, and a confrontational approach to governance that attracted both fervent support and sharp criticism. Executive Actions and Policy Changes Upon taking office, President Trump signed a record 141…
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Children, Prepare for a Toy-Scarce Christmas
President Trump has a message for the children living in the United States: prepare to sacrifice in the name of your country. He was responding to questions at the end of one of his cabinet meeting marathons when he finally admitted that, yes, his tariff policies and the trade war he unleashed with China may…
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US Economy Contracts for the First Time Since 2022
April was one of the most turbulent months in recent financial market history, capped by an important data release on Wednesday (30) that showed the US economy shrank in the last quarter for the first time since 2022. The country’s Gross Domestic Product (GDP) — the total value of goods and services — shrank at…
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Portugal and Spain in the Dark: What Caused the Blackout?
One day after Spain and Portugal were hit by extensive blackouts, electricity returned to most areas of both countries on Tuesday (29), leaving many relieved but also with harsh criticisms about the exact cause of the failure. Spanish Prime Minister Pedro Sánchez stated that his country had recovered more than 95% of total supply by…
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Tesla Profits Fall 71% Amid Anti-Musk Backlash
Tesla’s profits fell 71% in the first three months of this year, a results statement from the company released on Tuesday (22) showed. The company’s performance fell short of analysts’ expectations. Total revenue fell 9% from the previous year, to US$ 19.3 billion, while revenue from automobile sales plunged 20% in the first three months…
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Harvard Says It Won’t Comply with Trump’s Demands and Government Promises to Block $2 Billion in Funds
The Trump administration will punish Harvard University after the institution refused to comply with a list of federal government demands. Harvard became the first university to refuse to meet the government’s demands, sparking a confrontation between the federal government and the country’s richest university. Federal authorities announced they would freeze $2.2 billion in multi-year grants…
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Brazil Adopts Reciprocity Law in Response to Trump’s Trade War
Brazil put into effect its Commercial Reciprocity Law on Monday (April 14). The legislation allows the government to adopt trade measures against countries and blocs that impose unilateral barriers to Brazilian products. The text was approved by Congress at the beginning of the month and was sanctioned last week without vetoes by President Luiz Inácio…
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Today Is the Last Day to File Income Tax: Need an Extension?
The final day to file income tax has arrived this Tuesday (15). However, if you need more time, you can request an extension and gain until nearly the end of this year to settle accounts with the U.S. federal revenue service. Taxpayers have until midnight Tuesday in their respective time zones to submit their tax…