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Sweden’s Unlikely Frontline: How Israeli-Iranian Tensions Are Reaching Scandinavian Shores
Iranian-backed gangs in Sweden are allegedly recruiting children to carry out violent crimes, including attacks on the Israeli embassy. A 15-year-old boy was arrested en route to the embassy with a gun, while a 14-year-old boy fired shots near the embassy a day later. The Swedish Security Service believes that Iran is using local gangs to plot attacks on Israeli and Jewish interests, with children being used as proxies due to their susceptibility to manipulation…
New Bill Aims to Stop Trump from Tariff-ing Away What’s Left of Our Sanity (and the Economy)
I am just so done with the constant back-and-forth on tariffs, it's like, can't we all just get along? Markets are tumbling, financial sector leaders are freaking out, and our allies are all like "um, what's going on?" - all because of President Trump's latest tariff announcement. And now, some House Republican (I'm looking at you, Rep. Don Bacon) is trying to introduce legislation to limit the White House's ability to impose tariffs without Congress'…
Berlin Sets Sights on Repatriating Bullion as Ties with US Chill
The German government is considering plans to repatriate its gold reserves from the US. This move is part of a larger effort to increase transparency and security over its gold holdings. The decision is expected to take several years to complete, with the goal of storing a significant portion of its gold reserves in Germany. The plan aims to ensure the integrity and control of the country's gold reserves. Read the full story here
Macron Calls for Firm Stance as Russia Rejects Peace Overtures in Ongoing Ukraine Conflict
French President Emmanuel Macron has called for strong action if Russia continues to refuse peace in Ukraine, following a recent ballistic missile attack that killed 20 people. A ceasefire is needed as soon as possible, Macron said. Ukrainian President Volodymyr Zelenskyy stated that Russia is increasing its aerial bombardment and launched attacks from the Black Sea, indicating a refusal to agree to an unconditional ceasefire. The future of the Zaporizhzhia nuclear plant is a significant…
Germany Calls Out Musk’s EU Trade Pitch as a Sign of Desperation
Germany's economy minister, Robert Habeck, has criticized Elon Musk's proposal for zero tariffs between the US and Europe, calling it a sign of "weakness" in response to growing economic turmoil. Habeck suggested that Musk should instead pressure President Donald Trump to lift tariffs, including those on the European Union, rather than proposing a zero-tariff system as a solution to the current trade tensions. Read the full story here
Trump Tantrum Tuesday: Stocks Take a Dive, Nation Shrugs and Says ‘Same’
What's going on with the stock market, right? It's like a rollercoaster, and not the fun kind. The S&P 500 briefly entered bear market territory, which is just a fancy way of saying it fell 20% from its most recent high. And let's not forget the NASDAQ and the Dow Jones Industrial Average, which opened down 4.5% and 3.78% respectively. I mean, who needs stability, anyway? And then, there was that crazy rumor that Trump…
Beijing Clashes with Washington: China Unleashes Scathing Response to US Trade Penalties
China has criticized the US for its new tariffs, calling it "unilateralism, protectionism and economic bullying". The tariffs have sparked a trade war between the two countries, with China responding with its own tariffs on US goods. The dispute has had a significant impact on global markets, with rare earth elements and agricultural products being affected. The US and China are expected to discuss the issue at upcoming international forums, but a swift resolution is…
US-EU Trade Tensions Ease: Europe Proposes Tariff-Free Deal
The EU Trade Commissioner Maroš Šefčovič stated that a zero-for-zero deal could cover cars and industrial goods, including chemicals and pharmaceuticals. The EU is prepared to respond with countermeasures to defend its interests, according to Commissioner Ursula von der Leyen, and is expected to announce retaliation against US tariffs on steel and aluminum this week. Read the full story here
Wall Street Ends Tumultuous Day with Slight Decline Amid Escalating Trade Tensions
Global markets experienced a tumultuous day as U.S. President Donald Trump's tariff threats continued to weigh on investor sentiment. The S&P 500 sank 0.2 per cent, while the Dow Jones Industrial Average fell 349 points. The market volatility came amid reports of a potential 90-day tariff pause, which briefly sent markets higher before the White House denied the claims. Trump later threatened to raise tariffs further against China, exacerbating market concerns about a global trade…
Rodent Rampage: Birmingham Plagued by Vermin as Trash Strike Takes Hold
A garbage crisis is underway in Birmingham, UK, as 17,000 metric tons of waste have piled up on the streets due to a strike by 400 garbage collectors over pay disputes. The city's pest control services are experiencing a surge in calls, with a 50% increase in reports of rats in homes, as the uncollected waste attracts rats and mice, posing a significant public health risk. Read the full story here