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HomeFinancial Crisis

Financial Crisis

Spain
Finance

Spain urges EU to double budget, brace for Trump

February 11, 2025 Mariel Alumit

  MADRID – The complex global geopolitical context following the return to power of US President Donald Trump calls for “a more ambitious and bolder European budget” of “at least” 2% of annual GDP, Pedro […]

Climate Crisis

Iran Fires Back to Oil Exports

February 11, 2025 Andy Del Prado

Daily Standup Top Stories Iran Says Trump’s Maximum Pressure Will Fail to Drive Its Oil Exports to Zero February 10, 2025 Mariel Alumit The new U.S. Administration’s maximum pressure campaign on Iran will fail – again […]

US Treasury pays $100bn annually to unknown recipients – Musk
Finance

US Treasury pays $100bn annually to unknown recipients – Musk

February 10, 2025 Mariel Alumit

The Department of Government Efficiency has found that $100 billion is paid annually to people without proper identification Elon Musk, as head of the new Department of Government Efficiency (DOGE), has said that the US […]

USAID
Finance

Liberal NGOs in crisis: The fallout of Trump’s USAID freeze

February 10, 2025 Mariel Alumit

If you’ve spent any time on social media recently, particularly X, you might have noticed a pattern. Media outlets, NGOs, and human rights groups with a liberal slant are posting about financial trouble. Some plead […]

Musk mocks pro-Western ‘independent’ media for losing US funding
Finance

Musk mocks pro-Western ‘independent’ media for losing US funding

February 9, 2025 Mariel Alumit

Numerous publications will struggle to stay afloat after Donald Trump suspended most foreign aid Elon Musk has derided pro-Western Russian and Ukrainian media outlets over their degree of perceived “independence,” as the publications now find […]

EV Tax Credits
Climate Crisis

GOP Move To Slash EV Tax Credits, Challenge Biden’s Green Subsidies

February 8, 2025 Clark Savage

Republicans are eager to slash electric vehicle tax credits even as they struggle to coalesce around a strategy for a major tax and spending bill. ​Republicans are eager to slash electric vehicle tax credits even […]

Trump’s Tariff
Finance

How Trump’s Tariff Policy Will Shape the World

February 8, 2025 Clark Savage

China is fighting back, but other countries will struggle to respond. U.S. President Donald Trump’s tariff policy is at once clearer, and harder to get a handle on, than it was when he took office. […]

Climate Crisis

Week Recap: Trade Tariffs, Cryptocurrency Controversies, and Political Shake-Ups

February 8, 2025 Andy Del Prado

Weekly Daily Standup Top Stories Musk gains ‘full access’ to US Treasury system February 2, 2025 Mariel Alumit Elon Musk’s Department of Government Efficiency (DOGE) has been granted full access to the US Treasury Department’s payment […]

Employment
Finance

Huge Upward Adjustment to Employment and Labor Force as Wave of Immigrants is Finally Included, Unemployment Drops, Wage Growth Accelerates: The Annual Revisions Are Here

February 7, 2025 Clark Savage

The Fed, after complaining about missing immigrants in labor market data, now has further support for its pivot to wait-and-see. By Wolf Richter for WOLF STREET. We’ve been discussing this issue – and its impact on employment data […]

Germany
Finance

US tariffs could cost Germany years of growth

February 7, 2025 Mariel Alumit

  Europe’s largest economy would likely suffer another two years of recession if US President Donald Trump were to impose the pending tariffs on Mexico and Canada, German economists found – before retaliation is factored in. […]

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