President-elect Donald Trump plans to create an “External Revenue Service” aimed at charging those who profit from trade with the United States. Trump said on Truth Social that for far too long, we have been taxing people using the Internal Revenue Service (IRS). He claimed that through weak trade agreements, the American economy has delivered...
Consumer prices rise 0.4% on monthly basis -ANKARA, Turkiye- (AA) The annual consumer inflation rate in the US accelerated to a five-month high of 2.9% in December, matching the market forecast, according to official data. Consumer prices index (CPI) rose at a faster pace for the third straight month in December from 2.7% in November. [&hellip...
President Joe Biden has banned steel sales to Japanese giant Nippon Steel. Japan’s Foreign Minister Takeshi Iwaya hosted outgoing Secretary of State Antony Blinken in Tokyo for talks amid tensions over the decision to block the acquisition of U.S. Steel. Iwaya called Biden’s move to block the $14.1 billion deal as “perplexing...
Homelessness in the U.S. soared by 18% in 2024, the largest increase in recent history. It affects more than 771,000 individuals, including a staggering 33% rise in homeless children. The Department of Housing and Urban Development or HUD’s annual report highlights economic factors such as the affordable housing shortage, inflation, and ...
The debt ceiling once again is a critical issue for Congress, threatening the nation’s economy with possible default at the beginning of the New Year. Currently, the U.S. debt stands at a staggering $36.1 trillion. Without a new debt ceiling agreement, the U.S. risks a default that could destabilize global markets, downgrade its credit rating...
Bangladesh is ramping up trade with Pakistan in apparent retaliation to India, signaling a shift in regional dynamics. The government is encouraging importers to source goods from Pakistan, as seen with the arrival of a Panama-flagged cargo ship at Chittagong port on Sunday. The ship carried 811 containers of industrial materials, garment raw ...
Progressive voices have criticized the GOP’s infighting over the H-1B visa program, arguing it distracts from a deeper issue: billionaires exploiting workers. Sen. Bernie Sanders’ advisor, Warren Gunnels, highlighted how tech magnates like Elon Musk, who benefited from H-1B visas, prioritize profits over fair labor practices. Musk, who ...
ANKARA (AA) – Syria is seeking regional cooperation after Iran halted oil shipments to Damascus following the end of the 61-year Baath regime, further worsening the country’s ongoing energy crisis. Sources say that the Assad regime got about 90% of oil from Iran — 60,000 to 70,000 barrels per day — and the remaining 10% […]...
ISTANBUL (AA) – Canadian ministers met with top US President-elect Donald Trump nominees in Florida to discuss the threat of 25% tariff over migration and fentanyl issues. Canadian Finance Minister Dominic Leblanc and Foreign Minister Melanie Joly were engaged in high-stakes talks with Trump’s nominees for Commerce and Interior secretary, Howa...
ISTANBUL (AA) – Panamanian President Jose Raul Mulino has rejected US President-elect Donald Trump’s assertion that Chinese soldiers are controlling the Panama Canal, calling the claim “nonsense.” “There are no Chinese soldiers in the canal. You are free, the whole world is free to visit the canal if you please,” Mulino said at a news [&...
