Electric grid is seen in Krakow Poland as Polish government lifts cup in electricity prices what is expected to rise inflation once more – January 18,2025. Poland has one of the highest inflations in Europe. (Photo by Dominika Zarzycka/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesThe boom in artificial intelligence, a pressing need for more data centers and the energy transition story — particularly in transportation — are all spurring demand for electricity, and the existing power infrastructure is struggling to keep up.Businesses are facing five to eight-year wait times to connect to Europe’s ageing and strained electricity grids,…
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President-elect Donald Trump walks onto the floor of the New York Stock Exchange (NYSE) with his wife Melania, after being named TIME’s “Person of the Year” for the second time on December 12, 2024 in New York City. Spencer Platt | Getty ImagesThe S&P 500 has now lost all of its post-election gains as President Donald Trump dismayed some investors who hoped he was just bluffing on tariffs and instead ignited a trade war.The index closed at 5,778.15 in Tuesday’s market sell-off, below the 5,782.76 close on Election Day, Nov. 5. Investors originally embraced Trump’s victory, as the S&P 500 jumped…
President Donald Trump said Tuesday that the United States would take control of Greenland “one way or the other,” escalating months of increasingly aggressive rhetoric towards the self-governing Danish territory.Addressing a joint session of Congress in Washington, Trump said he had “a message tonight for the incredible people of Greenland.” “We strongly support your right to determine your own future, and if you choose, we welcome you into the United States of America,” he said about halfway through his 90-minute speech.Trump also pledged to Greenlanders that America would “keep you safe, we will make you rich, and together, we will take Greenland…
The Trump administration’s decision to suspend the delivery of all military assistance to Ukraine left Ukrainians and Europeans figuring out on Tuesday how to fend for themselves.The decision — which potentially affects at least $9 billion in arms, ammunition, and air defense systems in the pipeline and on order, according to new estimates — made real a fear that has racked Kyiv since President Trump’s re-election.Here’s what to know.Why is the U.S. suspending aid?The United States has provided about $67 billion in military weaponry and equipment to Ukraine since the war began in 2022 — nearly half of the total…
U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy at the White House in Washington, D.C., U.S., Feb. 28, 2025. Brian Snyder | ReutersU.S. President Donald Trump said on Tuesday he received a letter from Ukrainian President Volodymyr Zelenskiy in which the Ukrainian leader expressed willingness to come to the negotiating table over the Russia-Ukraine war.”Earlier today, I received an important letter from President Zelenskiy of Ukraine. The letter reads, ‘Ukraine is ready to come to the negotiating table as soon as possible to bring lasting peace closer. Nobody wants peace more than the Ukrainians,’ he said,” Trump said in…
Trump supporters clash with police and security forces as they storm the US Capitol in Washington, DC on January 6, 2021.Olivier Douliery | AFP | Getty ImagesPresident Donald Trump was blasted online Tuesday night over his pardoning of Jan. 6 U.S. Capitol riot participants after he praised police during his speech to a joint session of Congress.”F— YOU!!!,” tweeted former Capitol Police Officer Harry Dunn as Trump spoke. “YOU A–H— YOU PARDONED OUR ATTACKERS.”Dunn was one of the police officers who defended the U.S. Capitol from a horde of Trump supporters on Jan. 6, 2021, as they stormed the complex.…
China’s navy showed off its J-15T fighter jet at the 2024 Zhuhai Air Show on Nov. 12, 2024.Nurphoto | Nurphoto | Getty ImagesChina on Wednesday increased its defense spending by 7.2% this year, the same growth rate as in the prior two years, as Beijing seeks to “firmly safeguard” its national security.In an official government report due to be released in parliament, China proposed a national defense budget of 1.78 trillion yuan ($244.99 billion) for the 2025 fiscal year. The increased defense budget, well above China’s economic growth target for this year of roughly 5%, comes as Western governments seek…
On April 2 reciprocal tariffs kick in, says Pres. Trump in address to congress Source link
Workers making Care Bears at a factory in Ankang, China.CNBCAs Washington-Beijing trade tensions flare, Chinese manufacturers are scrambling for ways to adjust their supply chains and head off the escalating tariffs.U.S. President Donald Trump’s additional 10% tariffs on goods from China took effect Tuesday, bringing the cumulative new tariffs in just about a month to 20%.The fresh tariffs also came on top of several existing tariffs on Chinese imports, put in place under the Biden administration, including 100% duty on electric vehicles, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals.The average effective U.S. tariff…
U.S. President Donald Trump delivers a speech to a joint session of Congress, in the House Chamber of the U.S. Capitol in Washington, D.C., U.S., March 4, 2025. Kevin Lamarque | ReutersPresident Donald Trump conceded before a joint session of Congress that his steep new tariffs will cause “a little disturbance,” but maintained it was worth it to reap what he promises will be the eventual benefits of his aggressive trade policy.”Tariffs are about making America rich again and making America great again. And it’s happening, and it will happen rather quickly,” Trump said during the primetime address Tuesday night, the…
