Posts by Amelia Frost
Fires Rage 2 Days After Iran Port Blast Killed 40
Firefighters in Iran battled raging fires on Monday at the country’s largest commercial port, two days after a massive explosion killed at least 40 people, state TV reported. The blast took place on Saturday at Shahid Rajaee Port in Iran’s south near the strategic Strait of Hormuz, a waterway through which one-fifth of global oil…
Read MoreCanada Votes For New Government To Take On Trump
Canada elects a new government on Monday to confront annexation threats from the United States and deal directly with President Donald Trump, whose trade war has defined the campaign. The Liberal Party, led by new Prime Minister Mark Carney, looked set to lose easily to the Conservatives’ Pierre Poilievre until the US president’s attacks on…
Read MoreMyanmar Marks Month Of Misery Since Historic Quake
Myanmar marked one month since suffering its fiercest earthquake in more than a century on Monday, with military bombardments unabated despite a humanitarian truce as thousands of survivors camp in makeshift shelters. The magnitude-7.7 tremor was the strongest with an epicentre on Myanmar’s land mass since 1912, the United States Geological Survey reported, killing nearly…
Read MoreThe Dollar’s Weakness Creates an Opportunity for the Euro. Can It Last?
President Trump’s shake-up of the global trade system has sent tremors through the long-held view that the United States is the source of the world’s safest financial assets. That’s created an opportunity for Europe. The market tumult in which investors simultaneously sold off the U.S. dollar, American stocks and U.S. Treasury bonds eased last week…
Read MoreLost To History: Myanmar Heritage Falls Victim To Quake
When a massive earthquake hit Myanmar last month, centuries of sacred history tumbled down — towering Buddha idols, sky-scraping stupas and the pure-white pagoda where 83-year-old Khin Sein has prayed for most of her life. The magnitude-7.7 tremor razed Nagayon Pagoda in the central city of Mandalay, Myanmar’s last royal capital where ancient heritage was…
Read MoreAsian Markets Mixed As Investors Eye Trade Talks
Asian stocks were mixed Monday as investors assess how the land lies on the trade war front with countries seeking to temper Donald Trump’s eye-watering tariffs. Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world’s number two economy. After…
Read More‘60 Minutes’ Rebukes Paramount On-Air Over Executive Producer’s Exit
In an extraordinary on-air rebuke, one of the top journalists at “60 Minutes” directly criticized the program’s parent company in the final moments of its Sunday night CBS telecast, its first episode since the program’s executive producer, Bill Owens, announced his intention to resign. “Paramount began to supervise our content in new ways,” the correspondent,…
Read MoreAfter 100 Days In Office, Trump Voters Still Back US President
US President Donald Trump has come racing out of the gates in his second term in office, slashing government agencies, launching trade wars with friends and foes alike and even taking on the judiciary over his immigration crackdown. The Republican’s approval rating has sunk since returning to the White House — but his supporters could…
Read MoreUS Says It Struck 800 Targets In Yemen, Killed 100s Of Huthis Since March 15
The United States has hit more than 800 targets in Yemen since mid-March, killing hundreds of Huthi rebel fighters, including members of the group’s leadership, the US military said Sunday. Washington’s forces have hammered the Huthis with near-daily air strikes since March 15 in an operation dubbed “Rough Rider,” seeking to end the threat they…
Read MoreNew Details Emerge on Trump Officials’ Sprint to Gut Consumer Bureau Staff
Two weeks ago, a three-judge panel from the federal appeals court in Washington lifted a freeze on firing employees at the Consumer Financial Protection Bureau, with some conditions. The judges, ruling on a Friday night, said that workers could be fired if agency leaders determined, after a careful assessment, that they were not needed to…
Read MoreConflicts Spur ‘Unprecedented’ Rise In Military Spending
Worldwide military expenditure saw its steepest rise in 2024 since the end of the Cold War, reaching $2.7 trillion as wars and rising tensions drove up spending, researchers said Monday. Military spending rose worldwide with particularly large increases in Europe and the Middle East, according to a new report by the Stockholm International Peace Research…
Read MoreTitanic Survivor’s Letter, Written Aboard the Ship, Sells for Nearly $400,000
Days before the Titanic struck an iceberg, a first-class passenger, Col. Archibald Gracie, described the vessel in a letter written while on board: “It is a fine ship but I shall await my journey’s end before I pass judgment on her.” Colonel Gracie’s journey on the Titanic had a catastrophic end, but he fared better…
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