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Economy

Trump hits Brazil with 50% tariffs and sanctions judge in Bolsonaro case

Economy

Trump enacts 50% tariffs against Brazil, sanctions Bolsonaro case judge

Karem Wintourd Penn

The United States, led by former President Donald Trump, imposed a 50% duty on certain imports from Brazil, while also enacting sanctions against a Brazilian judge associated with a prominent…

Adidas to raise prices as US tariffs costs rise by €200m

Economy

Adidas to raise product prices as US tariffs increase by €200m

Karem Wintourd Penn

Adidas is preparing to adjust its pricing strategy in response to mounting financial pressure from increased U.S. import tariffs, which are projected to raise the company’s expenses by approximately €200…

E.U.'s 0 billion-per-year spending on U.S. energy is unrealistic

Economy

E.U.’s $250 billion-per-year spending on U.S. energy is unrealistic

Karem Wintourd Penn

The European Union’s ambitious plan to spend an estimated $250 billion each year on energy imports from the United States is drawing increasing scrutiny, with experts and policymakers questioning the…

Who are the winners and losers in US-EU trade deal?

Economy

Who profits and who suffers from the US-EU trade deal?

Karem Wintourd Penn

The latest trade agreement between the United States and the European Union has sparked renewed debate over global commerce, tariffs, and economic strategy. As both regions seek to reinforce their…

Ireland 'not exactly celebrating' Trump's deal with EU

Economy

Ireland reacts cautiously to Trump’s EU deal

Karem Wintourd Penn

When former U.S. President Donald Trump brokered a trade understanding with the European Union, reactions across Europe were mixed. In Ireland, the reception was particularly reserved. Far from celebrating the…

US-China talks restart as hopes grow for trade war truce extension

Economy

US-China negotiations reopen as hopes build for a trade war truce extension

Karem Wintourd Penn

Diplomatic talks between the United States and China have started again, sparking optimism that the two nations might prolong their delicate ceasefire in the current trade conflict. Following years of…

The Fed just gave a rare look at its .5 billion renovation — right before Trump’s tour

Economy

The Fed’s $2.5 billion makeover: Rare tour prior to Trump’s arrival

Karem Wintourd Penn

The Federal Reserve has provided an unusual look at its current construction venture valued at $2.5 billion, which updates its iconic headquarters in Washington, D.C. This reveal occurs shortly before…

US FCC clears bn Skydance-Paramount merger

Economy

US FCC signs off on $8bn Skydance-Paramount merger

Karem Wintourd Penn

A notable advancement in the entertainment sector has unfolded with the official authorization of an $8 billion merger involving Skydance Media and Paramount Global. The United States Federal Communications Commission…

Economy

Goldman Sachs highlights risks in the economy

Karem Wintourd Penn

In a significant change from its earlier stable outlook, Goldman Sachs is now showing increased wariness regarding the trajectory of the global economy. The well-regarded investment bank, renowned for its…

Trump kicks off Middle East tour with focus on Gaza, Iran and ...

Economy

Faisal Islam: Results emerge from Trump’s tough tariff tactics

Karem Wintourd Penn

During his presidency, Donald Trump’s approach to international trade marked a dramatic departure from the multilateral consensus that had guided U.S. policy for decades. Rejecting long-standing trade norms, Trump implemented…