ISTANBUL (AA) – President-elect Donald Trump said Saturday that he would impose a 100% tariff on any BRICS country that attempts to move from the US dollar in international trade. Referring to the economic alliance of Brazil, Russia, India, China and South Africa — now expanded to include Iran, Egypt, Ethiopia, and the United Arab ...
ANKARA (AA) – President-elect Donald Trump’s latest threats to impose sweeping new tariffs on imports, particularly from China, are raising alarms over their potential to significantly hike the cost of living for American families. According to a recent report from the National Retail Federation, the proposed tariffs could slash consumer...
TRENTON, Canada (AA) – Prime Minister Justin Trudeau said Tuesday he called an urgent meeting later this week with provincial premiers on how to deal with Donald Trump’s threat to impose crippling tariffs on Canadian products. Speaking to reporters one day after the US president-elect promised to slam Canada with a 25% tariff across the ...
WASHINGTON (AA) – President-elect Donald Trump vowed Monday to impose tariffs on Canada, Mexico and China via executive orders he plans to sign on his first day in office in retaliation for what he says is their involvement in the entry of deadly fentanyl and migrants into the United States. “On January 20th, as one […]
The cryptocurrency market has hit a major milestone, surpassing a $3 trillion market cap following President-elect Donald Trump’s victory earlier this month. Bitcoin surged to more than $93,000, up from below $70,000 before the elections, with altcoins following suit. Trump’s positive stance is expected to influence the U.S. Securities and Exc...
WASHINGTON (AA) – President-elect Donald Trump nominated veteran Wall Street financier Howard Lutnick on Tuesday to become the head of the Commerce Department. Lutnick will lead “our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative,” Trump said on Truth So...
ISTANBUL (AA) – The US Justice Department will ask a judge to force Alphabet Inc.’s Google to sell its Chrome internet browser, according to media reports on Monday. The department will ask the judge, who ruled in August that Google had built an illegal monopoly over internet searches, to require measures related to artificial intelligen...
ISTANBUL (AA) – The UK launched its first government-backed four-day workweek trial on Monday, allowing over 1,000 employees to work fewer days without a pay cut. Seventeen businesses, including the British Society for Immunology and Crate Brewery, will test shorter schedules, with some opting for a nine-day fortnight model, according to...
BERLIN (AA) – If Donald Trump is re-elected, his four-year term could cost Germany up to €180 billion (approximately $194.2 billion) in a “trade war,” German Economic Institute (IW) said in a report released on Thursday. According to the report, Trump’s pledge to increase tariffs to reduce the US trade deficit could cause sig...
NEW YORK (AA) – Starbucks reported on Wednesday that its global sales fell 7% in July-September – the coffee chain’s third consecutive quarter of decline. The company’s earnings per share fell 25% compared to the same period last year to 80 cents. Its consolidated net revenues declined 3% to $9.1 billion. The coffee chain suspended […]...
