US President Donald Trump’s tariffs announcement has sent shockwaves through global markets, causing a sell-off in stocks, bonds, and currencies. The dollar fell by over 1% against a basket of other currencies, reaching its lowest level in three years, as investors question the safe-haven status of the US currency. Markets are not only experiencing a … Read more
The European Union has announced a 90-day postponement of retaliatory tariffs against the United States, following President Trump’s last-minute decision to hit pause on some levies. The move comes as a relief to Europe, but leaves uncertainty over what is next. European leaders had voted to impose tariffs on $23 billion of US imports just … Read more
The University of Michigan’s latest consumer sentiment survey has revealed a dismal outlook among Americans, with consumer sentiment plunging 11% to a preliminary reading of 50.8, the lowest since records began in 1952. This drop is the second-lowest reading on record and marks a significant decline from April’s reading, which was lower than any seen … Read more
A team of astronomers has discovered a previously unknown population of “hidden” galaxies that could rewrite our understanding of galactic evolution. The find, led by the Science and Technology Facilities Council, challenges existing models of galaxy development and distribution. Using the Herschel Space Telescope, the researchers created the deepest image ever taken at far infrared … Read more
NASA’s James Webb Space Telescope has made a groundbreaking discovery that challenges scientists’ long-held assumptions about the formation of planetary systems. The telescope, which is designed to observe distant objects in infrared light, captured images of a star swallowing its own planet, providing valuable insights into the final stages of planetary demise. The star, located … Read more
NASA’s James Webb Space Telescope has provided new insights into a star that was believed to be swallowing a planet whole. Contrary to previous theories, the observations suggest that the planet’s orbit actually shrank over time, bringing it closer to its demise until it was engulfed in full. The telescope’s high-resolution look in the infrared … Read more
US inflation showed signs of slowing down last month, but new tariffs on China could trigger another wave of price hikes. The White House confirmed that China’s total tariff rate is 145%, higher than the previously reported 125%. This increase pushed the overall US average effective tariff rate to 27%, the highest level since 1903. … Read more
China has imposed a new 125% tariff on American imports, escalating the global trade tensions sparked by US President Donald Trump’s tariffs. The White House has vowed to “hit back harder” when the US is hit. The news comes as Wall Street indexes and Asian markets opened to lows on Friday, while UK stocks were … Read more
James Toback, a former director of several films, including “Black and White” and “Two Girls and a Guy,” has been ordered to pay $1.68 billion in damages to 40 women who accused him of sexual assault and abuse. A New York jury awarded the women $280 million in compensatory damages and $1.4 billion in punitive … Read more
The United States has extradited Tahawwur Hussain Rana, a Canadian national accused of playing a key role in the 2008 Mumbai terror attacks, to India. Secretary of State Marco Rubio expressed satisfaction with this development, saying it marks “the day” US and Indian efforts to bring those responsible for the attacks to justice finally arrive. … Read more