Monday, March 24

International

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International

Heated Exchange Derails US-Ukraine Resource Agreement

Ukraine and US Fail to Finalize Rare Earth Minerals AgreementThis past Friday, Ukrainian President Volodymyr Zelensky and US President Donald Trump convened in Washington with the intention of signing a deal that would allow the US to tap into Ukraine’s rare earth mineral resources. Nevertheless, the session deviated from its intended purpose and concluded with a tense discussion involving Zelensky, Trump, and Vice President JD Vance. After Zelensky’s premature exit, the White House issued a statement confirming that the agreement remained unsigned.Previously, Zelensky had expressed optimism that this "preliminary" agreement could pave the way for further cooperation. However, he confirmed that Ukraine had yet to secure any security guarantees from the US—one of his key demands. Trump, for...
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International

Experts voice concerns over Trump’s population relocation plan.

In a move sparking significant debate, former President Donald Trump has proposed transferring the whole population of Gaza to other nations as a possible remedy for the persistent issues in the area. This suggestion, put forward during a discussion with Israeli Prime Minister Benjamin Netanyahu at the White House, has been met with strong disapproval from global aid specialists and human rights defenders, who caution that this plan could worsen the already critical humanitarian conditions affecting Palestinians.In a highly controversial move, former President Donald Trump has suggested relocating Gaza’s entire population to other countries as a potential solution to the ongoing crisis in the region. The proposal, made during a meeting with Israeli Prime Minister Benjamin Netanyahu at the ...
Trump threatens EU with trade deficit tariffs and calls for more US energy purchases
International, Recent news

Trump threatens EU with trade deficit tariffs and calls for more US energy purchases

President-elect Donald Trump ramped up his rhetoric on trade on Friday, warning the European Union that it must significantly reduce its trade deficit with the United States by buying more American oil and gas or face tariffs. “I told the European Union that it must make up for its huge deficit with the United States by buying our oil and gas on a large scale. Otherwise, it will just be tariffs,” Trump posted on his Truth Social platform shortly after 1 pm ET. The trade deficit between the United States and the EU in goods and services amounted to 131.3 billion dollars in 2022, according to U.S. government data. While Trump's remarks were consistent with his protectionist approach to trade policy, they prompted immediate reactions from EU officials. “The EU and the United States ...
The Swiss National Bank surprises markets with a larger rate cut amid inflationary challenges
International, Recent news

The Swiss National Bank surprises markets with a larger rate cut amid inflationary challenges

The Swiss National Bank (SNB) made an unexpected policy adjustment on Thursday, cutting its benchmark interest rate by 50 basis points. This larger-than-expected cut defied the forecasts of most economists, who had expected a more modest 25 basis point reduction. The move, aimed at combating low inflation and the continued strength of the Swiss franc, raises the central bank's main rate to 0.5%. This decision marks Switzerland's fourth rate cut this year, as the country remains the first major economy to adopt a more accommodative monetary policy in 2024. The SNB has struggled to curb the appreciation of the franc and address falling crude oil prices. consumption, issues that have weighed on the nation. economy. “Underlying inflationary pressures eased again this quarter,” the SN...
China outlines growth strategies and signals stronger economic policies for 2025
International, Recent news

China outlines growth strategies and signals stronger economic policies for 2025

Chinese leaders reaffirmed their commitment to boosting the nation's economy by unveiling plans for more aggressive fiscal policy and moderate monetary easing at a high-level economic planning meeting that concluded Thursday. The meeting, led by President Xi Jinping, highlighted the government's determination to stabilize growth despite growing external pressures and domestic challenges. State-run CCTV reported the meeting after the mainland stock market closed. The iShares China Large Cap ETF (FXI) briefly rose 0.8% in premarket trading before paring gains. The annual economic conference highlighted the need for increased government spending, a higher fiscal deficit and the issuance of very long-term bonds in 2025. Furthermore, the conference confirmed plans to ease monetary pol...
United States, Japan and Australia deepen military cooperation amid regional tensions
International, Recent news

United States, Japan and Australia deepen military cooperation amid regional tensions

US Defense Secretary Lloyd Austin expressed optimism about the growing collaboration between the United States, Japan and Australia as the three nations continue to strengthen their military capabilities. Speaking during a joint observation of the military exercises on Wednesday, Austin highlighted the importance of this enhanced cooperation in addressing rising tensions in the Indo-Pacific region. Austin's visit to Japan underlined Washington's commitment to its alliances in the region and its dedication to maintaining stability. Observing the Yama Sakura 87 exercises at Japan's Asaka camp, just outside Tokyo, Austin stressed the critical importance of readiness. “Having the right equipment, ammunition and personnel is what ensures success should we face challenges on the battle...
Alaska Airlines aims for  billion in revenue growth by 2027 with international expansion and premium services
International, Recent news

Alaska Airlines aims for $1 billion in revenue growth by 2027 with international expansion and premium services

Alaska Airlines is targeting significant growth, with a goal of increasing profits by $1 billion by 2027. The airline is banking on growing demand for premium travel and its recent acquisition of Hawaiian Airlines to achieve this ambitious goal. The $1.9 billion purchase of Hawaiian Airlines, finalized in September, opened up new opportunities for Alaska Airlines, granting it access to cross-Pacific routes and wide-body aircraft such as the Boeing 787 Dreamliner and Airbus A330. Although both Alaska and Hawaiian Airlines continue to operate as separate brands, the acquisition positioned Alaska for a major expansion of its international network. Starting in May 2025, Alaska Airlines will launch direct flights from its main hub at Seattle-Tacoma International Airport to Tokyo's Nar...