Posts by Amelia Frost
Asian Markets Stutter As Traders Weigh China-US Trade Flare-up
Asian markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade war between the economic superpowers. Shanghai, which reopened after a week-long break, and Hong Kong were among the main losers as e-commerce firms took a…
Read MoreFrench PM Set To Survive No Confidence Vote
French Prime Minister Francois Bayrou is expected on Wednesday to survive a no-confidence vote in parliament, winning some breathing space after less than two months in office but by no means ensuring his long-term future. Bayrou, a veteran centrist named by President Emmanuel Macron in December to end months of political crisis, on Monday used…
Read MoreU.S. Postal Service Halts Parcel Service from China as Trump’s Trade Curbs Begin
The United States Postal Service announced Tuesday that it had temporarily stopped accepting packages from China and Hong Kong, hours after an order by President Trump took effect that ended duty-free handling of these parcels. The United States imports about 3 million parcels a day with almost no customs inspection and no duties collected —…
Read MoreTrump’s Plan To ‘Take Over The Gaza Strip’ Draws Sharp Reactions Across Globe, Political Spectrum
AFP President Donald Trump‘s suggestion that the U.S. should “take over the Gaza Strip” and develop the disputed territory into “the Riviera of the Middle East” drew sharp actions across the globe and political spectrum on Tuesday. In a joint press conference with Israeli Prime Minister Benjamin Netanyahu, Trump made a bold assertion that the…
Read MoreTrump Suggests US Take Over Gaza And Build ‘Riviera of the Middle East’
President Donald Trump sent shockwaves around the world Tuesday night by announcing the U.S. could “take over the Gaza Strip” and “develop” the disputed territory. Hosting Israeli Prime Minister Benjamin Netanyahu in the first White House visit from a foreign leader of Trump’s second term, the two held a meeting and a joint press conference…
Read MoreConditions May Have Stymied Black Hawk Crew Before Fatal Crash
Flying helicopters near Ronald Reagan National Airport always carries some risk. But the conditions on the moonless night of Jan. 29, when an Army Black Hawk helicopter and an American Airlines passenger jet collided, were unusually challenging. Many of the factors that contributed to the disaster are still being uncovered as investigators from the National…
Read MoreTop Climate Scientist Declares 2C Climate Goal ‘Dead’
Holding long-term global warming to two degrees Celsius — the fallback target of the Paris climate accord — is now “impossible,” according to a stark new analysis published by leading scientists. Led by renowned climatologist James Hansen, the paper appears in the journal “Environment: Science and Policy for Sustainable Development” and concludes that Earth’s climate…
Read MoreSamuel Butler, Lawyer Who Helped Create Corporate Giants, Dies at 94
Samuel Butler, a Midwesterner who became a top figure of the Wall Street legal world, advising on transformative takeovers and leading city institutions like the New York Public Library, died on Jan. 4. He was 94. His death, at home in Manhattan, was confirmed by Naren Daniel, a spokesman for Cravath, Swaine & Moore, the…
Read MoreS.E.C. Moves to Scale Back Its Crypto Enforcement Efforts
The Securities and Exchange Commission is moving to scale back a special unit of more than 50 lawyers and staff members that had been dedicated to bringing crypto enforcement actions, five people with knowledge of the matter said. The move is one of the first concrete steps by President Trump and his administration to pull…
Read MoreTrump Calls For Clearing ‘Demolition Zone’ Gaza In Meeting With Netanyahu: ‘They’ve Lived Like Hell’
AFP President Donald Trump‘s first visit from a foreign leader in his second term proved to be a monumental one, as Israeli Prime Minister Benjamin Netanyahu held a meeting at the White House to discuss the next phase of the ceasefire that was co-brokered by the U.S. The two appeared at a joint press conference…
Read MoreWhat Elon Musk’s Twitter Tactics May Bode For US Government
As Elon Musk and his aides take control of the US Treasury’s payments system, the drastic job cuts and other shake-ups he instituted on buying Twitter may offer a preview of what government workers can expect. Musk, the world’s richest person, is leading President Donald Trump’s federal cost-cutting efforts under the so-called Department of Government…
Read MoreThe Newest, Biggest Investment Fund: The United States Government?
While he was campaigning last fall, President Trump bemoaned the lack of a U.S.-backed investment fund and promised to create one. “Other countries have wealth funds,” he said. “We have nothing.” On Monday, he took the first step. He issued an executive order that announced the planning for an investment vehicle or a sovereign wealth…
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