Tags: Economy

Olaf Scholz was dumped out of his role as German Chancellor unceremoniously as his center-left Social Democratic Party (SPD) lost 86 seats in a contest that proved catastrophic for parties on the left of the political spectrum. Most notably, perhaps, the election saw the far-right Alternative for Germany (AfD) take second place, winning 20.8% of the overall vote—twice as good as their result in 2021—gaining 69 seats for a total of 152

Since beginning his second term a month ago, U.S. President Donald J. Trump has announced, imposed, and floated a raft of trade policies that have threatened previously strong relationships with countries allied to the United States, economically and otherwise. Chief among these fairly unprecedented—but not particularly unexpected—measures was the announcement of “a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China," with “a lower 10% tariff” on imports of Canadian energy resources.

In what came as a surprise to many, the Hindu nationalist Bharatiya Janata Party, or BJP, won a majority of constituencies in the recent Delhi elections, which took place on February 5, 2025. The right-wing BJP, the party of Indian Prime Minister Narendra Modi, had been out of power in India’s capital for nearly three decades, with power being held by either the centrist Congress party or the center-left Aam Aadmi Party, or AAP, which had been running Delhi up until this election.

Rather, some claim that DeepSeek has started a new movement within the industry that will encourage more companies to enter and provide AI models that are slightly differentiated from each other at a cheaper price. Regardless, within the regulatory space, there are still many unanswered questions pertaining to DeepSeek´s functioning that need to be addressed before the public is fully receptive to its integration.

In the wave of executive orders that have been passed since Donald Trump took office, one of the latest ones caught the global community's attention on February 6 for a different reason: the ICC has been targeted by the US with sanctions. Mr. Trump has imposed sanctions on the Court due to its “illegitimate and baseless actions” against the United States and its allies, most notably Israel. The sanctions include possible asset freezes against staff and their family members if determined that they are involved in any process that harms the US or its allies.

On the afternoon of 19 January, the popular social media platform TikTok services in the United States were restored after a brief ban that ended up lasting all of 14 hours. The ban, which went into effect around 10:30 PM EST on the night of 18 January, was reversed just over half a day later, nearly 24 hours before Trump’s inauguration. While Trump himself went on a crusade against TikTok during his first term, he warmed to the platform’s continuation during his most recent presidential campaign, arguing that a ban of the app would empower one of its arch-rivals, Facebook, which he called at the time an “enemy of the people”, a frequent theme of Trumpian attacks.

Semanas marcadas por cambios e imprevisibilidad: desde la prohibición de TikTok en Estados Unidos, días de tregua entre Hamas e Israel, hasta el comienzo...

On Friday, January 24, the Trump administration fired over a dozen federal watchdogs (also known as inspectors general) from a multitude of US Government agencies. As many as 17 inspectors general at agencies including the Department of State, Defence and Transportation were terminated immediately through email from the White House contrary to federal law which requires 30 days’ notice to Congress to remove a watchdog. Individuals at the Department of Homeland Security and Justice were not part of this mass removal as the Washington Post, which was first to report on the dismissals said most people affected were appointees from Trump’s 2017-2021 term. In light of this sudden move by the Trump Administration which has only been in office for a week, this article will explore the role of independent inspectors and what these drastic changes will entail.

US President Donald Trump and his Vice President, JD Vance, were both sworn into office on January 21st, 2025, marking the official end of now-former President Biden’s term and Trump’s resumption of the powers the Oval Office entails. In his 29-minute-long inaugural address, Trump declared that “the decline of America is over” and railed against various aspects of Biden’s administration and the “many betrayals [of the American people] that have taken place.”

James Earl Carter Jr., former peanut farmer, Governor of Georgia, US Navy veteran, 39th President of the United States of America, and recipient of the 2002 Nobel Peace Prize, died at age 100 on Sunday, 29 December 2024, over 22 months after he began receiving hospice care. Upon his 100th birthday in October of 2024, Carter became the first former U.S. president to reach the century mark, with George H. W. Bush the closest, who died at the age of 94 in 2018.