Author: staff
Now “is the worst possible time for the United States to participate in a military strike on Iran,” conservative commentator Tucker Carlson warned in a post on X on Monday. “Nothing would be more destructive to our country. And yet we’re closer than ever, thanks to unrelenting pressure from neocons. This is suicidal. Anyone advocating for conflict with Iran is not an ally of the United States, but an enemy.” Iran previously has rejected the prospect of talks with Trump, with Iranian Foreign Affairs Minister Abbas Araghchi over the weekend calling the prospect of direct nuclear negotiations “meaningless.” Iran has asked for indirect diplomacy,…
The European Commission is considering slapping tariffs of up to 25 percent on a broad range of exports from the United States in response to tariffs imposed on steel and aluminum by U.S. President Donald Trump, according to an internal Commission document seen by POLITICO. The EU executive wants to impose a 25 percent duty on a wide range of U.S. exports, including soybeans, sweet corn, rice, almonds, orange juice, cranberries, tobacco, iron, steel, aluminum, certain boats and vehicles, textiles and certain clothes, and various types of makeup. The total amount of U.S. exports hit by the EU’s tariffs is…
The final list of countermeasures prepared by the Commission to respond to Trump’s steel and aluminum tariffs, which entered force on March 12, will not fully match their estimated impact of €26 billion on EU exports, Trade Commissioner Maroš Šefčovič said after the talks. That’s less than originally intended after EU countries lobbied to remove items — like Kentucky bourbon — from the original hit list. Enough is enough Countries such as France, Germany and Spain have led calls for the bloc not to take any options off the table in dealing with the U.S. president. “One also has to look…
2) Keep your team around you when it gets tough Look, just don’t do what I did here. After unveiling a debt-funded, tax-cutting mini-budget combined with huge government energy subsidies which hadn’t been scrutinized by the U.K.’s official public spending watchdog, the tofu-eating wokerati in the markets got the jitters (more on why it wasn’t my fault later). Like a fool, I threw my top finance minister overboard. Oh, Kwasi Kwarteng — how I loved your challenge to the market orthodoxy. So much so that I sacked you brutally after hauling you back from a trip to Washington D.C. No…
Les universitaires peuvent être aussi influents que les “tech bros” pour inciter les dirigeants politiques à investir dans l’intelligence artificielle, mais aussi à définir des garde-fous. Feb 10 14 mins read
The German stock market has been badly shaken as fears of a recession continue to mount. The German DAX opened with nearly a 10% loss on Monday morning before recovering 3% a few hours later.27 EU trade Ministers met in Luxembourg on Monday to discuss the response. EU Commission President Ursula Von der Leyen said the EU is ready for a “good deal” and underlined Europe’s readiness to negotiate with the US.Deutsche Bank said in a strategy update seen by Euronews that, “the damage is undeniable, the degree of damage still unclear.” It said it is difficult to assess the…
Clarifying, EU Trade Commissioner Maroš Šefčovič said separately that the zero-for-zero deal could cover cars and all other industrial goods, such as chemicals, pharmaceuticals, rubber and plastic machinery. Von der Leyen also did not rule out retaliation: “We are also prepared to respond through countermeasures and defend our interests,” she said. The EU’s 27 trade ministers met in Luxembourg earlier on Monday to discuss the U.S. measures and the Commission’s response. Still expected this week is the EU’s retaliation against Trump’s 25 percent tariffs on steel and aluminum that have been in place since last month. Šefčovič, speaking to reporters after…
As Ramadan ended and Eid celebrations kicked off in Egypt’s capital at the end of March, a group of Yemenis gathered on a Nile felucca — a wooden sailing boat typically encountered across the Mediterranean — for revelry and respite from their troubles. They are just a fraction of the estimated 600,000 Yemeni citizens now resident in Cairo. Before war in their home country broke out in March 2015, that number stood at just 70,000. In the corner of the boat sat businessmen Tawfiq and Basim, chatting over mint tea, reflecting on what life must be like for those still…
Artificial intelligence (AI) may impact 40 per cent of jobs worldwide, which could mean overall productivity growth but many could use their jobs, a new report from the United Nations Department of Trade and Development (UNCTAD) has found. Thereport, which was published on Monday, says that AI could impact jobs in four main ways: either by replacing or complementing human work, deepening automation, and possibly creating new jobs, such as in AI research or development. A handful of companies that control the world’s advancement in AI “often favour capital over labour,” the report continues, which means there is a risk that AI…
The German economy’s strength lies in exporting goods such as machinery, chemicals and vehicles, and the United States is a key market. German exports have already become less competitive in recent years due to higher energy prices and other factors, and the 20 percent tariff implemented by the Trump administration is further unwelcome news for industry. The market shock added new urgency to coalition negotiations between Merz’s center-right Christian Democrats (CDU) and the center-left Social Democrats (SPD), following national elections on Feb. 23. The CDU came out ahead in the vote but failed to win a majority, forcing Merz into…