An 800-mile rail corridor stretching from Angola’s northern border to the Atlantic Ocean was former President Joseph R. Biden Jr.’s signature project in Africa, meant to counter Chinese influence and reshape America’s engagement with the continent.When President Trump came into office this year, he quickly moved to dismantle decades of American aid to Africa, raising fears that the United States was pulling back from its commitments. The future of America’s involvement in the rail project was an open question.But this week, the acting U.S. ambassador in Angola, James Story, gave the first indication that the Trump administration was on board…
Author: usaeverydaylife
Foreign currencies are advertised in a window in Times Square, one of New York’s and the nation’s top tourist attractions, on March 28, 2025, in New York City. Spencer Platt | Getty ImagesThe rollout of U.S. President Donald Trump’s tariffs regime is dampening sentiment toward the dollar and prompting investors to look elsewhere for their foreign exchange (FX) trades, strategists told CNBC. The dollar index, which measures the value of the greenback against a basket of major rivals, was little changed on Wednesday morning. The U.S. currency began a steady rise in late 2024 that peaked in mid-January — however, the…
European markets are heading for a negative open Wednesday as global traders brace themselves for a raft of fresh trade tariffs to be announced by U.S. President Donald Trump’s administration.The U.K.’s FTSE 100 index is expected to open 24 points lower at 8,558, Germany’s DAX down 38 points at 22,501, France’s CAC 4 points lower at 7,872 and Italy’s FTSE MIB 74 points lower at 37,977, according to data from IG. Global markets traded in mixed territory Tuesday amid concerns that the White House could be erring toward more punitive import duties after Trump said earlier this week that his “reciprocal tariffs”…
SEIZED OZEMPIC, WEGOVY AND OTHER WEIGHT LOSS DRUGS AT JFK AIRPORT’S INTERNATIONAL MAIL FACILITY.CNBCCOPENHAGEN, Denmark — Europe’s pharmaceutical sector is bracing for the potential impact of U.S. tariffs as hopes of an industry-wide exemption by U.S. President Donald Trump fade.The pharmaceutical industry has until now been exempt from trade levies, but Trump confirmed last week that he would soon impose tariffs on the sector.Drugmakers are now lobbying the president for a phased approach to duties on imports to the U.S., Reuters reported Tuesday, citing four sources familiar with the discussions. The sources said the levies may not be announced Wednesday…
A Taiwanese military corvette sails as a Navy soldier stands guard on a vessel, during a Navy Drill for Preparedness Enhancement ahead of the Chinese New Year, amid escalating Chinese threats to the island, in Keelung, Taiwan, 7 Jan, 2022. Ceng Shou Yi | Nurphoto | Getty ImagesThe U.S. on Wednesday reaffirmed its commitment to supporting Taiwan as China extended to a second day its large-scale military exercises off the coast of the democratically governed island.”In the face of China’s intimidation tactics and destabilizing behavior, the United States’ enduring commitment to our allies and partner, including Taiwan, continues,” Tammy Bruce, U.S. Department…
Nicolai Tangen, CEO of Norges Bank Investment Management, addresses a press conference on his company’s annual results for 2024 at Norges Bank in Oslo, Norway, on January 29, 2025.Ole Berg-rusten | Afp | Getty ImagesNorway’s government is under growing pressure to let the country’s $1.8 trillion sovereign wealth fund invest in certain defense firms, with opposition parties describing a longstanding ban as “illogical” in the current security landscape.Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, has been prevented from taking stakes in companies that produce critical components for nuclear weapons since the early 2000s.Under ethical guidelines, the…
China held military exercises around Taiwan for a second day on Wednesday, sending warships and fighter planes near the island in what Beijing said was a warning to its president, Lai Ching-te, after he called China a “foreign hostile force.”The second day of exercises would focus on the Chinese military’s abilities to control and seal off seas and skies around Taiwan, Senior Col. Shi Yi, a spokesman for the People’s Liberation Army regional command that oversees Taiwan, said in a statement. Senior Colonel Shi also said that in the East China Sea — farther from Taiwan — Chinese forces held…
CNBC’s Jim Cramer said on Tuesday that potential 20% tariffs on all U.S. imports would hurt the economy and fail to solve the problems President Donald Trump is trying to address with the duties.Although Trump’s exact tariff plans remain unknown ahead of their expected announcement on Wednesday — what Trump has called “liberation day” — White House aides have drafted a proposal to slap a roughly 20% tariff on most imports to the U.S., The Washington Post reported Tuesday.”Speaking as someone who’s not a fan of free trade, I have to be honest here: A 20% across-the-board tariff on almost…
Kirill Dmitriev, head of Russia’s sovereign wealth fund, speaks to a member of the media on the sidelines of the US-Russia meeting at Riyadh’s Diriyah Palace, Saudi Arabia, on February 18, 2025.Evelyn Hockstein | Afp | Getty ImagesA key Kremlin negotiator is expected in Washington this week for talks with U.S. President Donald Trump’s administration, two sources familiar with the plan said, the most senior Russian official to visit since Moscow invaded Ukraine in 2022.Kirill Dmitriev, the chief of Russia’s sovereign wealth fund, who was appointed by President Vladimir Putin as special investment and international economic envoy, will meet with…
Judge Susan Crawford, the Democrat-backed nominee for the Wisconsin Supreme Court, during the final stop of the Common Sense Justice Tour ahead of the Wisconsin Supreme Court election in Madison, Wisconsin, US, on Monday, March 31, 2025.Jim Vondruska | Bloomberg | Getty ImagesSusan Crawford has won a seat on the Wisconsin Supreme Court, NBC News projects, allowing liberals to maintain their narrow majority on the battleground state’s highest court — and defying Elon Musk after he spent millions of dollars to oppose her.Crawford, a Dane County circuit judge who was backed by Democrats, secured a 10-year term on the court…
