Tag: Trump
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How much is social media platform TikTok worth and who could buy it?
The popular app TikTok could be banned on 19 January under a US federal law that would force the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its US operations. Several parties have expressed interest in buying the platform but ByteDance has repeatedly said it does not plan…
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US Steel, Nippon Steel sue Biden admin over blocked acquisition
Biden blocked the proposed sale on national security concerns Nippon Steel and U.S. Steel have filed a lawsuit challenging the Biden administration’s order to block the nearly $15 billion deal for the Japanese company to buy the American steelmaker. The lawsuit, filed in the U.S. Court of Appeals for the District of Columbia Circuit, asks the court…
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Justin Trudeau resigns as prime minister of Canada after growing calls to step down
Trudeau, who has led Canada for nine years as the leader of the governing Liberal Party, has seen his government thrust into turmoil after his finance minister quit last month. Justin Trudeau stepped down as prime minister of Canada on Monday amidst a crisis in his government and low polling ratings. He has also resigned…
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Oil prices hold at three-month high on stronger demand
Oil prices steadied at their highest since mid-October as colder weather spurred buying while further support came from expectations of tighter sanctions on Iranian and Russian oil exports. Brent crude futures gained 22 cents, or 0.3%, to $76.73 a barrel by 1133 GMT, their highest since Oct. 14. U.S. West Texas Intermediate crude was up…
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What Awaits Latin America in 2025?
Incoming U.S. President Donald Trump has threated the region with tariffs and even territorial conquest. Navigating Trump’s Threats Although U.S. President-elect Donald Trump has yet to take office, he has made threats and staffing choices to suggest that Latin America will be a focus of his foreign policy. Dealing with the Trump White House will stretch many…
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Dollar set for big annual gain as traders brace for high US rates
The U.S. dollar was headed for an almost 7% annual gain while Japan’s yen was set for a fourth consecutive year of losses on Friday, as traders anticipated robust U.S. growth would make the Federal Reserve cautious on rate-cutting well into 2025. The dollar index , which measures the currency against major rivals, rose 0.08%…
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Economy faces ‘some potential storms’ in 2025, Moody’s chief economist says
Trump’s universal tariff proposals could cause prices on clothing, toys, furniture, household appliances, footwear and travel goods to skyrocket. The economy is doing “exceptionally well” as President-elect Donald Trump gets ready to enter the White House, according to Moody’s Analytics chief economist Mark Zandi. Zandi, speaking at the Consumer Federation of America’s financial services conference on Wednesday, noted some of the glowing areas: Gross domestic…
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What the oil and gas industry wants from Trump and how his administration might deliver it
The oil and gas industry has a “to do” list for President-elect Donald Trump. The lobby group American Petroleum Institute has asked Trump to swiftly authorize liquefied natural gas exports, expand drilling on federal lands, make pipeline permitting easier, repeal strict vehicle emissions and fuel economy standards, and keep current corporate tax rates in place. This five-point road map is…