German Editor Resigns Over Elon Musk's Controversial AfD Commentary
Eva Marie Kogel, editor at Welt am Sonntag, resigned after publishing Elon Musk's controversial op-ed defending Germany's far-right AfD. Musk's comments sparked political backlash, raising concerns about external influence on Germany's elections.
Dec 28, 2024 3:09 PM EST
U.S. Approaches Debt Ceiling Deadline, Yellen Warns of Urgent Congressional Action
Treasury Secretary Janet Yellen warns the U.S. may hit its debt ceiling by mid-January, urging Congress to act swiftly to prevent default and ensure the nation's financial stability.
U.S. Holiday Spending Rises 3.8% in 2024, Driven by Online Sales and Value Deals
U.S. holiday spending grew by 3.8% in 2024, fueled by a 6.7% rise in online sales. Consumers prioritized value-driven purchases, showcasing resilience amid economic challenges and shorter shopping periods.
Trump Urges Supreme Court to Delay TikTok Ban, Seeks Political Resolution
President-elect Trump has asked the Supreme Court to delay TikTok's ban, citing plans for diplomatic solutions. The move underscores tensions between national security concerns, digital rights, and U.S.-China relations.
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CFPB Caps Overdraft Fees, Saving Consumers Billions
The CFPB's new rule limits overdraft fees for large banks, aiming to protect consumers and promote fairness. Expected to save $5 billion annually, it faces opposition from the banking industry.
Dec 27, 2024 2:56 PM EST
Chinese Cyber Espionage Campaign Targets U.S. Telecommunications Firms
A Chinese cyber espionage campaign targeted a ninth U.S. telecom firm, compromising sensitive communications. The U.S. urges stronger cybersecurity measures as tensions rise over China's persistent state-sponsored hacking activities.
Dec 27, 2024 2:39 PM EST
Bank of Japan Signals Imminent Rate Hike Amid Economic Stability
The Bank of Japan signals a potential rate hike, citing economic stability but monitoring uncertainties. Inflation and mixed economic data influence cautious decisions, with the next review set for January 2025.
Dec 27, 2024 9:56 AM EST
South Korea's Political Crisis Deepens as Acting President Han Duck-soo Impeached
South Korea faces deepening political turmoil as Acting President Han Duck-soo is impeached. The crisis has triggered economic instability, protests, and concerns over delayed governance, with critical Constitutional Court rulings still pending.
Dec 27, 2024 9:43 AM EST
U.S. Jobless Claims Drop Slightly, Continuing Claims Hit 3-Year High
This mixed picture reflects an evolving labor market that remains relatively strong but is increasingly facing pressures that could influence broader economic trends in the coming months.
Dec 27, 2024 2:17 AM EST
World Bank Raises China's Growth Forecasts Amid Persistent Economic Challenges
The World Bank raised China's 2024 growth forecast to 4.9%, citing policy easing and exports. However, challenges like the property crisis and structural issues require urgent reforms for sustainable growth.
Dec 27, 2024 2:00 AM EST
WHO Chief Escapes Unharmed as Israeli Airstrikes Devastate Sana'a Airport
WHO Chief Tedros Ghebreyesus narrowly escaped Israeli airstrikes on Sana'a Airport, disrupting humanitarian efforts in Yemen. The strikes, targeting Houthi positions, escalated regional tensions and worsened Yemen's ongoing crisis.
Dec 27, 2024 1:45 AM EST
Trump's Tariff Plan Sparks Concerns Over Rising Affordable Car Prices
Trump's proposed 10% tariff on foreign imports raises concerns about higher prices for affordable cars, potentially burdening consumers and straining trade relations, while challenging the auto industry's global supply chain.
Dec 26, 2024 1:48 PM EST
Finnish Authorities Detain Oil Tanker Suspected of Sabotaging Undersea Cables
Finnish authorities detained the oil tanker Eagle S, suspecting it of damaging undersea power and internet cables in the Baltic Sea. Investigations continue amid concerns over infrastructure security and geopolitical tensions.
Dec 26, 2024 1:41 PM EST
Accusations Mount Against Russia After Azerbaijan Airlines Crash
Azerbaijan Airlines Flight 8243's crash near Kazakhstan, killing 38, sparks accusations of a Russian missile strike. Investigations continue amidst geopolitical tensions, with demands for transparency, accountability, and enhanced aviation safety in conflict zones.
Dec 26, 2024 1:25 PM EST
US Banks File Lawsuit Against Federal Reserve Over Lack of Transparency in Stress Testing Framework
Major US banking groups have sued the Federal Reserve, alleging its opaque stress testing framework violates federal laws, hindering transparency and economic growth. The lawsuit seeks reforms to ensure accountability and public input.
Dec 25, 2024 2:36 PM EST
Donald Trump Signals Intent to Withdraw from WHO, Sparking Global Concerns
Donald Trump plans to withdraw the U.S. from the WHO if re-elected, sparking global concerns about weakened pandemic preparedness, funding shortfalls, and the impact on international health collaboration.
Dec 25, 2024 2:22 PM EST
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