Horst Köhler, who became Germany’s president after being a financial engineer behind the reunification of Germany and the creation several decades later of the euro currency, died on Saturday in Berlin. He was 81.The German president’s office, in a statement on behalf of Mr. Köhler’s family, said he died after a short illness.Despite having served as managing director of the International Monetary Fund, Mr. Köhler was little known politically in Germany before becoming the country’s president in 2004. Yet Mr. he rose to popularity after taking office, serving much of his nearly six years alongside Chancellor Angela Merkel.Mr. Köhler advocated…
Author: usaeverydaylife
Ken Martin, the longtime leader of the state Democratic Party organization in Minnesota, will be the new Democratic National Committee chair after winning Saturday’s election, as his party looks to turn the page and recover from a dismal 2024.Martin had been the frontrunner from the beginning of the race, leveraging his relationships with the more than 400 voting members of the DNC that he forged over more than a decade of work inside the institutional Democratic Party. The race hinged more on the candidates’ organizing and fundraising resumes instead of becoming a battle for the ideological soul of the party, as…
The father of the 11-year-old boy from Los Angeles who pulled the Paul Skenes MLB Debut Patch autographed card thought it was either a checklist or a Topps promotional card. The kind of inserts typically thrown away.The mother asked, “Who’s Paul Skenes?”The boy knew.He knew even through sleepy, crusty eyes around 6 a.m. on Christmas morning. And he knew the redemption card he pulled from the fifth pack of the one hobby box of 2024 Topps Chrome Update Series he received as his primary present was genuine.The young collector described his emotions in a journal entry his mother encouraged him…
A broad group of Arab nations on Saturday rejected an idea floated by President Trump for Gazans to be moved to Egypt and Jordan, saying in a joint statement that such a plan risked further expanding the conflict in the Middle East.The statement, signed by Egypt, Jordan, Saudi Arabia and other Arab countries, did not refer to Mr. Trump’s comments explicitly but warned that any plan that encouraged the “transfer or uprooting of Palestinians from their land” would threaten stability in the region and “undermine the chances of peace and coexistence among its people.”In recent days, Mr. Trump has suggested…
President Donald Trump ‘s proposed tariffs on some of the U.S.’s major trading partners — Mexico, Canada and China — present a challenging headwind for U.S. companies that depend on the affected countries for imports and manufacturing. While forecasts on the full economic impact of tariffs vary across Wall Street, the levies are widely expected to negatively hit U.S. growth and place upward pressure on inflation. Goldman Sachs estimates across-the-board tariffs on Canada and Mexico — excluding China from its calculations — will result in a 0.7% increase in core prices and a 0.4% hit to gross domestic product. Trouble…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailU.S. companies are frontloading cargo bound for the U.S. due to the uncertainty regarding tariffs. Walmart, Columbia Sportswear and Lenovo have been actively stockpiling goods, according to U.S. Customs data. But not all shippers can afford to. Footwear company Deer Stags said its $50 shoes will go up to $75 if tariffs are increased. Higher tariffs could also have a big impact on Mexico trade. Mexico was the largest exporter of goods to the U.S. in 2024 accounting for $466 billion in imports. Source link
Oleksandr Zinchenko had failed to read the room. Last summer, on vacation in the south of France, the Arsenal left-back had nowhere to run. Not in a metaphorical sense: he needed to find a pitch to maintain his fitness for a couple of hours a day before returning to Premier League duty.Fortunately, he thought, he had an old friend who might be able to help. Zinchenko noticed on Instagram that Bernardo Silva, his former team-mate at Manchester City, was holidaying on the Riviera, too. Silva had spent a couple of seasons at Monaco. Assuming he would be able to point…
Palestinians, who were displaced to the south at Israel’s order during the war, make their way back to their homes in northern Gaza, amid a ceasefire between Israel and Hamas, in Gaza City, January 27, 2025. Ramadan Abed | ReutersArab foreign ministers on Saturday rejected the transfer of Palestinians from their land under any circumstances, presenting a unified stance against U.S. President Donald Trump’s call for Egypt and Jordan to take in residents of the Gaza Strip.In a joint statement following a meeting in Cairo, the foreign ministers and officials from Egypt, Jordan, Saudi Arabia, Qatar, the United Arab Emirates, the…
Nasdaq president Nelson Griggs discusses the decline of companies going public and when the incentive for initial public offerings will return. Source link
A handful of stocks could be due for a rebound after a volatile trading week on Wall Street. Stocks turned lower on Friday after the White House said President Donald Trump ‘s plan for tariffs on Mexico, Canada and China would be implemented on Saturday. The news overshadowed fresh inflation data earlier in the day that showed the Federal Reserve’s preferred measure of price pressures was in line with economists’ forecasts, while corporate earnings continued to churn. News of the tariffs closed out a volatile week that saw shares of Nvidia pull back more than 15 % from Monday to…
