President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled. The steep new import duties would start June 1, Trump wrote on Truth Social. The EU “has been very difficult to deal with,” Trump wrote of the 27-nation bloc. “Our discussions…
President Trump said on Friday that Harvard would lose its tax-exempt status, repeating his intent to enlist the Internal Revenue Service in his feud with the wealthy research university and upend the school’s finances. “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Mr. Trump wrote on social media….
General Muhoozi Kainerugaba, the son of Uganda’s president, has confirmed the detention of an opposition leader’s bodyguard, who has been missing for five days. Edward Sebuufu, alias Eddie Mutwe, was reportedly picked up on Sunday by unidentified individuals in both civilian clothes and military fatigues in the central town of Kiwango, sparking public outrage. In…
Canada’s Prime Minister-designate Mark Carney has said he is ready to negotiate a renewed trade deal with President Donald Trump, as long as there is “respect for Canadian sovereignty”. Carney made these comments during a visit to a steel plant in Hamilton, Ontario, as Canada unveiled C$29.8 billion ($20.7 billion) in reciprocal tariffs on US…
Elon Musk speaks as one of his young sons and President Donald Trump listen in the Oval Office of the White House in Washington, D.C., Feb. 11, 2025. Kevin Lamarque | Reuters President Donald Trump shared his intent to purchase a Tesla on Tuesday to support Elon Musk as the electric vehicle maker’s sales and…
L’Oreal could avoid the worst of the tariff war with the U.S., the beauty giant’s CEO Nicolas Hieronimus, told CNBC, warning that the price impact could still hit consumers Hieronimus said he is “not overly concerned” over the impact of White House tariffs on L’Oreal, as the group produces most of its goods sold in…
U.S. President Donald Trump looks on in the Oval Office, on the day he signs executive orders, at the White House in Washington, D.C., U.S. March 6, 2025. Evelyn Hockstein | Reuters President Donald Trump said Thursday that his administration would not consider stock market reaction when hammering out the details of its tariff policy….
Whether Ukraine’s President Volodymyr Zelensky’s decision to patch up relations with his US counterpart Donald Trump is wise depends on who you ask in Ukraine. “A very bad decision,” remarked blogger and army serviceman Yuriy Kasyanov, who thinks the US “won’t help Ukraine with anything” after this mineral deal is signed. “The president behaved with…
U.S. President Donald Trump revealed on Wednesday that he’s considering sending 20% of the money saved by the Department of Government Efficiency advisory group to Americans. “There’s even under consideration a new concept where we give 20% of the DOGE savings to American citizens and 20% goes to paying down debt,” Trump said during his…
Bill Ackman, CEO of Pershing Square Capital Management, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Pershing Square’s Bill Ackman revealed Friday that he has built a significant stake in Uber, saying the stock is still trading at a “massive” discount. In a post on…
