On a chilly February morning, Sanaa Khreiss tightens her cardigan against the cold as she unpacks her van at the Monday Market in Nabatieh, southern Lebanon. Though the air still carries the sting of winter, Sanaa and her husband Youssef arrive early to set up their lingerie stall in the nearly empty souk. With practiced…
Category: News
Trump Hails ‘Total Reset’ in US-China Trade Talks as Tariff Strain and Inflation Risks Persist
Former President Donald Trump announced “great progress” following a new round of trade negotiations between the US and China held in Switzerland. Trump characterized the discussions as a “total reset” conducted in a “friendly, but constructive” way and emphasized the importance of opening Chinese markets to American businesses. His post on Truth Social marked his…
Asian Currency Rally Spurs Wealth Shift as Investors Turn from Dollar to Regional Assets
A sharp rally in Asian currencies is prompting a surge in demand for wealth and forex products, as clients seek alternatives to U.S. dollar-denominated assets. Bankers and analysts attribute this shift to growing trade uncertainties and a weakening U.S. dollar. The currency gains began with the Taiwan dollar and spread to others across the region,…
Senate Democrats Block GENIUS Act Over Trump Ties and Crypto Regulation Gaps
Senate Democrats recently blocked a significant cryptocurrency regulation bill, the GENIUS Act, which aimed to regulate “stablecoins,” a type of digital currency tied to the US dollar’s value. Despite months of negotiations between Democrats and Republicans, the final vote tallied at 49-48, with Republican Senators Rand Paul and Josh Hawley joining Democrats in voting against…
FedEx Ties Fuel Controversy as David Steiner Named New USPS Chief Amid Privatization Fears
David Steiner, a current FedEx board member, has been appointed as the next Postmaster General and CEO of the United States Postal Service (USPS). The announcement came from the USPS Board of Governors, stating that Steiner will officially take over the role following the resignation of Louis DeJoy in March and the interim leadership of…
Fed Expands Repo Facility Hours After April Tariff Shock, Reinforces Liquidity Readiness Without Direct Intervention
An official from the Federal Reserve shared insights on how markets dealt with the stress experienced in April, particularly following the announcement of substantial trade tariffs by the Trump administration. Roberto Perli, the manager of the Fed’s System Open Market Account, highlighted that despite early strains in Treasury cash markets, the financial system remained resilient.…
Google Faces Landmark Ad Tech Breakup Trial in September as DOJ Pushes to Dismantle Monopoly
A high-stakes legal battle over Google’s advertising business is set to unfold in September, with significant implications for the digital ad ecosystem. The US Department of Justice (DOJ) has confirmed its intention to seek a breakup of Google’s advertising technology division, which could reshape the competitive landscape in the online ad market. The DOJ’s efforts…
Warren Buffett to Step Down as Berkshire CEO in 2025, Greg Abel Named Successor in Planned Transition
Warren Buffett, the renowned investor and long-time leader of Berkshire Hathaway, has announced that he will step down as CEO at the end of 2025. He has recommended that Greg Abel, currently the vice chairman in charge of non-insurance operations, be appointed as his successor. This announcement was made during the company’s annual shareholder meeting…
Employers added an unexpected 177,000 jobs, showing the job market remains strong. Jobless rate holds at 4.2%
American employers added 177,000 jobs in April, which was more than expected, showing the job market is still strong despite President Donald Trump’s trade policies. Although hiring dipped from a revised 185,000 in March, it was still higher than the 135,000 economists predicted. The unemployment rate stayed at a low 4.2%, according to the Labor…
Tinder Swindler Survivor Launches IDfier to Fight Online Fraud with Verified Digital Identities
Pernilla Sjöholm, known globally for her role in Netflix’s The Tinder Swindler, has co-founded a new digital identity verification platform called IDfier, in partnership with computer scientist Suejb Memeti. Launched globally, the platform aims to prevent online fraud by verifying identities through a secure, human-to-human system. IDfier uses official documents like passports or driver’s licenses…