Posts by Amelia Frost
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
Airbus, the world’s largest commercial airplane maker, said on Thursday that it was preparing for the possibility of new U.S. tariffs and would be able to “adapt accordingly,” including passing on higher costs to its American airline customers. In a wide-ranging media conference at Airbus’s headquarters in Toulouse, France, the company’s chief executive, Guillaume Faury,…
Read MoreVance Proclaims Trump Will Be the ‘President of Peace’ as the President Faces Continued Backlash for Calling Zelensky a ‘Dictator’
Vice President JD Vance is doubling down on his support for Donald Trump, hailing him the “President of Peace” as Trump faces bipartisan backlash for branding Ukrainian President Volodymyr Zelensky a “dictator.” “Peace is in the interest of the American people, and he’s going to fight for it for the remainder of his administration. Wherever…
Read MoreHong Kong’s Oldest Pro-democracy Party Prepares To Shut Down
A 30-year-old Hong Kong political party that used to lead the city’s pro-democracy camp before Beijing cracked down on dissent will start preparations to shut down, its leader said Thursday. “We are going to proceed and study on the process and procedure that is needed for the disbanding,” said Lo Kin-hei, chairman of Hong Kong’s…
Read MoreTeenager Kills Two Women In Knife Attack At Czech Shop
A 16-year-old boy killed two women in a knife attack at a discount shop in the Czech Republic on Thursday, police said, adding the motive remained unclear. Police arrested the teenager, a Czech national, minutes after the attack at an Action branch on the outskirts of Hradec Kralove, around 100 kilometres (60 miles) east of…
Read MoreEU Trade Chief Says Tariff Reciprocity ‘Must Work For Both’ Bloc And US
EU trade chief Maros Sefcovic said Thursday that reciprocity in tariffs should apply to both the bloc and Washington, after talks with his counterparts in US President Donald Trump’s administration. With the United States planning “reciprocal tariffs,” the European Union is ready to engage, Sefcovic told reporters. “We will be ready to look (at) how…
Read MoreWalmart Warns Earnings For 2025 Will Be Below Expectations
Walmart released a strong earnings report Thursday but warned of potential struggles ahead. The retail giant’s stock price was down more than 4% in premarket trading. Walmart reported total revenues of $648.1 billion and net sales of $642.6 billion in the fourth quarter. The earnings report showed strong revenue growth and increased operating income in Walmart U.S.,…
Read MoreFrance Prepares For Horrific Child Abuse Trial: ‘I Am A Pedophile, And I Am Proud Of It’
The trial of a former surgeon who boasted in his diary that “I am a pedophile, and I am proud of it” will begin next week in France against a man believed to be the most prolific child abuser ever in France, according to a report. Joel Le Scouarnec, 74, faces a barrage of sex…
Read MoreWalmart Racks Up Sales Record but Sees Slower Growth Ahead
Walmart, the largest retailer in the United States, said on Thursday that strong holiday sales propelled its revenue to another annual record but flagged a weaker-than-expected forecast for growth this year, as shoppers face challenges like stubborn inflation, the uncertain impact of tariffs and a potential rise in unemployment. Walmart said sales rose to $681…
Read MoreBinance Faces $81.5 Billion Lawsuit In Nigeria Over Alleged Economic Harm: Report
KEY POINTS Nigeria reportedly claimed in a Wednesday lawsuit that Binance’s business hurt the naira The country also wants Binance to pay a 26.75% interest rate on its alleged unpaid taxes, as per Reuters Tigran Gambaryan’s case was the most prominent aspect in Binance’s legal woes in Nigeria Nigeria’s Federal Inland Revenue Service (FIRS) has…
Read MorePressured By Putin And Trump, Walls Close In On Zelensky
Outgunned Ukrainian forces have slowly lost territory to Russian troops over recent weeks. But in the capital Kyiv, the ground is shifting rapidly beneath President Volodymyr Zelensky’s feet. US President Donald Trump, his most powerful yet unpredictable ally, has called into question years of staunch support from Washington by amplifying a string of dangerous and…
Read MoreClean Energy Was Lifting Manufacturing. Now Investment Is in Jeopardy.
American manufacturing has been in the doldrums for years, battered by high borrowing costs and a strong dollar, which makes exports less competitive. But there has been a bright spot: billions of dollars flowing into factory construction, signifying that a potential rebound in production and employment is around the corner. The flood of investment has…
Read MoreA Strong Dollar Means Bargains for Americans Traveling Abroad
Last August, a hotel room in Europe priced at 200 euros was about $224. Today, travelers spending American dollars would pay only $208. On the rise since last autumn, the dollar is strong compared with a number of foreign currencies, including the euro, the Japanese yen and the Canadian dollar. And President Trump’s tariff threat…
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