Economy

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

Breaking down the US-EU trade deal: Who wins and who loses?

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 positions in a shifting geopolitical landscape, the new deal marks a pivotal moment for transatlantic economic relations. While officials on both sides have emphasized mutual benefits, the reality is more nuanced: some sectors are poised to gain significant advantages, while others may face increased pressure or reduced competitiveness.At the core of the agreement is the reduction or elimination of tariffs on a range of goods and services. For American and…
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The Fed just gave a rare look at its .5 billion renovation — right before Trump’s tour

Fed’s $2.5 billion renovation previewed — right before Trump’s visit

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 former President Donald Trump is anticipated to visit the central bank’s premises, increasing public curiosity about a project that has mostly stayed unnoticed.Located on Constitution Avenue, the Federal Reserve’s main building, known as the Eccles Building, has stood as a symbol of U.S. monetary policy for nearly a century. Designed in the neoclassical style and completed in 1937, it has served as the central hub for decisions that influence not…
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US FCC clears bn Skydance-Paramount merger

US FCC gives nod to $8bn Skydance-Paramount merger

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 (FCC) has sanctioned the deal, overcoming a significant regulatory challenge and setting the stage for the two entities to merge under one corporate framework. This resolution signifies a pivotal moment in a transaction that has been carefully watched by media analysts, investors, and stakeholders within the entertainment sphere.The merger, which had been under negotiation for several months, represents a strategic consolidation aimed at strengthening the combined entity’s position in a…
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A prominent venture capitalist’s Islamophobic posts stir outrage among Middle Eastern and Muslim tech founders

Prominent venture capitalist faces criticism from Middle Eastern and Muslim tech founders for Islamophobic comments

Un conocido capitalista de riesgo ha enfrentado duras críticas después de realizar comentarios islamófobos en línea, lo que ha provocado una condena generalizada entre emprendedores musulmanes y del Medio Oriente en la industria tecnológica global. Las declaraciones, que se difundieron a través de publicaciones en redes sociales, han impulsado un debate más amplio sobre la discriminación en el ámbito del capital de riesgo y las responsabilidades de los inversionistas que tienen influencia sobre el futuro de nuevas empresas emergentes.Leaders within the tech sector, particularly those with roots in Muslim-majority regions or practicing the Islamic faith, have voiced strong objections to…
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Treasury Secretary Scott Bessent calls for a review of 'the entire' Federal Reserve

Treasury Secretary Scott Bessent demands analysis of the entire Federal Reserve system

In a move that is already generating significant discussion within financial and political circles, U.S. Treasury Secretary Scott Bessent has called for a sweeping review of the Federal Reserve’s structure, decision-making processes, and policy framework. The statement signals growing concern over the central bank’s role in managing the nation's economic stability amid complex global and domestic challenges.Bessent, addressing an important financial conference in Washington, highlighted the necessity to review the Federal Reserve’s extensive mandate and the implements it uses to carry out monetary policy. He stressed that the aim of this examination is not to weaken the independence of the…
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