Posts by Amelia Frost
Europe Is Ready to Make Its First Countermove to Trump Tariffs
[ad_1] President Trump’s announcement last week that he will impose a 20 percent tariff on goods coming from the European Union sent shock waves across the 27-nation bloc, the latest move in an unfolding trade war that is tearing the close partners apart. This week, Europe will push ahead with its first countermaneuver — one…
Read MoreTrump Administration Issues Rare Apology After It Accidentally Told Ukrainian Refugees to Leave US
[ad_1] The Trump administration issued a rare apology to Ukrainian refugees in the U.S. on Friday. The Trump administration issued a rare apology on Friday after Ukrainian refugees accidentally received emails informing them that the U.S. Department of Homeland Security (DHS) would be terminating their legal protections, CBS News reported. “DHS is now exercising its…
Read MoreHow Contracting Work Became a Race to the Bottom
[ad_1] Ben Whelan is not the kind of carpenter to wax poetic about the joys of framing a wall or redoing a roof. Like a lot of men he knows, he started working in residential construction as a teenager because it was a reliable way to earn money. But he has a craftsman’s pride in…
Read MoreTrump’s Trade War Raises Bar for Fed Rate Cuts
[ad_1] President Trump’s global trade war has significantly raised the bar for the Federal Reserve to lower interest rates, as tariffs risk worsening an already knotty inflation problem while also damaging growth. Jerome H. Powell, the Fed chair, drove home that message in a hotly anticipated speech that came at the end of a turbulent…
Read MoreChina Vows To Stay ‘Safe And Promising Land’ For Foreign Investment
[ad_1] A top Chinese official has vowed to protect US firms and pledged his country will remain a “promising land” for foreign investment, Beijing said Monday, after it slapped 34 percent tariffs on US imports. China retaliated last week against levies at the same level announced by US President Donald Trump on what he called…
Read MoreBelgian Prince Seeks Social Security On Top Of Allowance
[ad_1] An unconventional Belgian prince will learn on Monday if he has the right to social security on top of his royal allowance after he sued for coverage — the first time a royal has taken such action against the state in the country’s nearly 200-year history. The 61-year-old Prince Laurent, youngest of three children…
Read MoreBuchenwald Camp Survivor Recounts Liberation, 80 Years On
[ad_1] Jacques Moalic, a 102-year-old former Agence France-Presse journalist, remembers vividly the liberation of Buchenwald concentration camp by American troops 80 years ago. In an interview with AFP, where he worked for 40 years after World War II, the Buchenwald survivor spoke of his last months in captivity and the arrival of American troops on…
Read MoreChina Tries to Downplay the Trade War’s Effects on Its Economy
[ad_1] China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing that the country cannot handle. A commentary on Sunday in the Communist Party mouthpiece, the People’s Daily, said Beijing had prepared for a trade war with the United States and…
Read MoreChina Downplays the Trade War’s Effects on Its Economy
[ad_1] China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing that the country cannot handle. A commentary on Sunday in the Communist Party mouthpiece, the People’s Daily, said Beijing had prepared for a trade war with the United States and…
Read MoreBitcoin Is Down 10% Since Trump’s Global Tariff Announcement
[ad_1] Virtually everyone in the cryptocurrency world celebrated the second election of President Trump, an enthusiastic booster of the industry who promised to turn the United States into the “crypto capital of the planet.” But now the man nicknamed “the first Bitcoin president” is presiding over a Bitcoin crash. Since Mr. Trump announced his global…
Read MoreEuropean Airlines Hit Turbulence Over Western Sahara Flights
[ad_1] Direct flights from two European capitals to a city in a bitterly disputed north African territory have become the latest battleground in the conflict between a rebel group and Morocco. Low-cost airlines have opened routes linking Madrid and Paris to Dakhla in Western Sahara, a former Spanish colony largely controlled by Morocco but claimed…
Read More‘Fear And Anxiety’: Bangkok Residents Seek Quake-proof Homes
[ad_1] Shaken hours earlier by a massive earthquake, Phatsakon Kaewkla’s terror was magnified when he came home to find gaping cracks in the walls of his 22nd-floor Bangkok apartment. Feeling unsafe in the building damaged by the biggest tremors to hit the capital in generations, the 23-year-old Thai decided to stay away for two days…
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