The Israeli military last week intercepted the Global Sumud Flotilla, which included about 40 boats that tried to access Gaza as the IDF continues its genocide and starvation campaign inside the enclave.
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AMERICA FIRST? TRUMP SAVES MILEI WITH U.S.-TAXPAYER BAILOUT
Javier Milei, the embattled Argentine president, is about to get bailed out by Washington in a naked effort to protect one of President Donald Trump’s close political allies, which has been criticized as the latest example of how the administration is not “America First.”
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SPOTLIGHT: IS CHINA WINNING THE TRADE WAR?
Donald Trump’s tariffs on Chinese goods have been a boon to the world’s second-largest economy. In less than six months since Trump’s “Liberation Day” tariff announcement, China is approaching a record $1.2-billion trade surplus.
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RUSSIAN GOVERNMENT CONTRADICTS PUTIN’S PROMISE, RAISES VAT TAX
Russia’s value-added tax rate will rise from 20 percent to 22 percent, the finance ministry has announced, negating President Vladimir Putin’s promise last year that no tax would increase before 2030.
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WESTERN BANKERS RUSH TO HONG KONG AS MARKETS SURGE
Citigroup, DBS, Deutsche Bank, JPMorgan, and Standard Chartered are among Western banks dispatching senior executives and adding to teams in Hong Kong as new stock listings proliferate, dealmaking is on the rise, and Chinese companies use the island as a gateway for foreign investment.
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EUROPE’S FOOD PRICES HAVE RISEN A THIRD IN THE PAST SIX YEARS
Rising labor and commodity costs have added about a third to Europe’s food prices since the COVID War, a study by the European Central Bank (ECB) has found.
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TARIFFS ARE READY TO TEST GLOBAL ECONOMY, OECD SAYS
The world’s economy has maintained a better pace of growth this year than expected as government incentives and spending prop up China’s teetering GDP and AI investments cushion weakness elsewhere in the U.S. economy, the Organization for Economic Cooperation and Development (OECD) said in a report released last week.
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EUROZONE’S ECONOMY WOBBLES AS TARIFFS ARE POISED TO HIT HARDER
The Eurozone’s economy is showing short-term resilience but underlying trends indicate trouble ahead, a new report by the Organization for Economic Cooperation and Development warns.
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STOCKPILE EXTRA CASH AT HOME, CENTRAL BANK TELLS EUROPEANS
Households should consider building up a reserve of paper money and coins at home, the European Central Bank (ECB) said in a statement last week that reminded people cash is a fail-safe backup if digital currency and payment systems malfunction.