Posts by Amelia Frost
How Big Is the Tariff on That Harley? Trump and Modi Are Set to Talk Trade.
The economic relationship between India and the United States is widely seen as good for both sides. Two-way trade is growing and, alone among Asian countries, India routinely trades more with the United States than it does with China, its neighbor and rival. Yet under President Trump, trade is a point of friction. Like virtually…
Read MoreFlattery And Pragmatism: UK Plan To Stay On Trump’s Good Side
With its flattering rhetoric, leniency in responding to US trade threats and alignment with Washington this week at a summit on artificial intelligence, the United Kingdom has signalled a willingness to take President Donald Trump’s side over Europe. “The UK has no closer ally than America,” Britain’s newly appointed ambassador to the United States, Peter…
Read MoreTrump Welcomes Home Freed Russian Prisoner Marc Fogel
AFP From a Russian prison to the White House in a matter of hours, American schoolteacher Marc Fogel saw his three-and-a half-year captivity come to a whirlwind end in Washington, D.C. on Tuesday night. Fogel, 63, who has been detained in Russia since August 2021 on charges related to cannabis possession, gained his freedom following…
Read MoreAsian Stocks Rise As Powell Rate Warning Taken In Stride
Equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell that the US central bank “did not need to be in a hurry” to cut interest rates again. The remarks, reflecting similar sentiments from another top monetary policymaker, came a day before the release of…
Read MoreCalifornia’s FAIR Plan Gets $1 Billion Bailout After L.A. Fires
California’s home insurance plan of last resort, designed for people who can’t get coverage on the private market, does not have enough money to pay claims from the Los Angeles wildfires and is getting an infusion of cash from regular insurers. State regulators said Tuesday that they will allow the program, known as the FAIR…
Read MoreThe Squad Saving Deer From Tourist Trash In Japan’s Nara
As peckish deer chase delighted tourists in Japan’s temple-dotted Nara Park, a quiet but dedicated team of litter-pickers patrols the stone paths, collecting plastic waste that threatens the animals’ health. The ancient city of Nara is a major draw for the country’s record influx of visitors — but like in nearby Kyoto, where photo-hungry crowds…
Read MoreFed Chair Jerome Powell Shows Little Urgency to Lower Rates
Jerome H. Powell, chair of the Federal Reserve, signaled little urgency to lower interest rates with the economy sturdy and inflation still too high in a hearing with lawmakers on Tuesday. Mr. Powell, who testified before the Senate Banking Committee, confronts an economic and political landscape that is far different from what it was when…
Read MoreWhat to Know About the Anti-Bribery Law Trump Is Targeting
President Trump has paused enforcement of a federal law he has long bemoaned: the Foreign Corrupt Practices Act, which prohibits companies from bribing foreign officials. The law, enacted in 1977, makes it illegal for companies that operate in the United States to pay foreign government officials to secure business deals. Mr. Trump’s order on Monday…
Read MoreInternet Left Baffled as Musk Claims Americans Are Responsible for Calling Out His Conflicts of Interest: ‘So Basically ‘Trust Me Bro”
In Elon Musk’s latest remarks on government transparency, he suggested that any conflicts of interest involving his companies and federal contracts would be obvious to the public—who would then be responsible for calling them out. Reporters: But if there is a conflict of interest when it comes to you yourself, for instance, you’ve received billions…
Read MoreBP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
Murray Auchincloss, the chief executive of the struggling energy giant BP, promised “a fundamental reset” of the company’s strategy on Tuesday while reporting disappointing earnings. The shift comes after a long period of lackluster share performance compared with its industry peers. BP’s share price has perked up in recent months, but its perceived weakness and…
Read MoreTrump Insists Plastic Straws Don’t ‘Affect Sharks’ in Odd Defense While Signing Order to Eliminate Paper Straws
Trump dismissed environmental concerns as he signed an executive order banning paper straw use in the federal government. Getty Images President Donald Trump officially reversed federal use of paper straws with an executive order Monday, declaring that the country is “going back to plastic.” The decision follows his announcement on Truth Social earlier in the…
Read MoreSeeking God, or Peter Thiel, in Silicon Valley
Everything clicked when Peter Thiel gave the speech about God. The occasion was a 40th birthday party for Trae Stephens, who is Mr. Thiel’s venture capital partner as well as one of the founders of Anduril Industries, a maker of high-tech defense systems and weaponry. It was a multiday affair, held in 2023 at Mr.…
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