Category: business-economy

By Lucia Sinatra at brownstone dot org. It was nerve wracking, to say the least; having a high school student who had gotten into his dream college in mid-December 2020 but was uncertain if he could attend the following fall due to Covid-19 vaccine mandates. Those harrowing days and nights we spent focusing on little else as we scoured college websites to eventually find what we pretty much expected would come to pass. It started in April of 2021 when…

WASHINGTON – For many years, Netflix executives bristled at the notion that the company really had a rival. Not Hollywood powerhouses like Disney, nor tech giants like Amazon. Instead, Mr Reed Hastings, the company’s co-founder, insisted at one point that Netflix competed with people’s desire to socialise, or to go to sleep. But there’s no hiding from YouTube. Netflix and YouTube are increasingly locked in a fierce battle for control over the television set, a rivalry that even Netflix’s executives…

AUSTIN, Texas – The official tally of storm-related deaths across Texas rose to 131 on July 14 as authorities warned of yet another round of heavy rains 10 days after a Hill Country flash flood that transformed the Guadalupe River into a killer torrent. A National Weather Service flood watch forecasting heavy downpours of up to half a foot of rain was posted until July 15 morning for a wide swath of central Texas extending from the Rio Grande east…

WASHINGTON – The US Supreme Court on July 14 cleared the way for President Donald Trump’s administration to resume dismantling the Department of Education, part of his bid to shrink the federal government’s role in education in favor of more control by the states. In the latest high court win for Mr Trump, the justices lifted a federal judge’s order that had reinstated nearly 1,400 workers affected by mass layoffs at the department and blocked the administration from transferring key…

TORONTO – Over two months, Canadian officials scrambled to advise and reassure Canadians wanting to travel to the U.S. after President Donald Trump’s executive order on gender, documents show. The order, issued January 20, states the U.S. only recognizes two sexes, requires the government use the term “sex” rather than “gender” and mandates identification documents issued by the government, including passports and visas, be based on what it described as “an individual’s immutable biological classification as either male or female.”…

ROME – Italian anti-Mafia author Roberto Saviano wept in court on Monday as judges upheld a conviction against a notorious mob boss who was found to have threatened him. Francesco Bidognetti, a former leader of the Neapolitan Camorra mafia who was already serving life for a slew of other serious crimes, was sentenced to 18 months for intimidation. The Rome court of appeals confirmed a 2021 ruling by a lower court, as it also upheld a 14-month sentence for Bidognetti’s…

BRUSSELS – The European Commission on July 14 said it was putting forward a new list of US goods worth €72 billion (S$108 billion) that could be targeted by European Union levies if tariff talks with Washington fail. The bloc’s trade chief Maros Sefcovic announced the proposal, “accounting for some €72 billion worth of US imports”, at a meeting with EU ministers in Brussels. The move came after US President Donald Trump threw months of painstaking negotiations with the EU…

DUBAI – Iran will react to any reimposition of United Nations sanctions over its nuclear programme, the country’s Foreign Ministry spokesperson said on July 14, without elaborating on what actions Tehran might take. A French diplomatic source told Reuters last week that European powers would have to restore UN sanctions on Iran under the so-called “snapback mechanism” if there were no nuclear deal that guaranteed European security interests. The “snapback mechanism” is a process that would reimpose UN sanctions on…

Canada signed a defence partnership with the EU on Monday as the two sides increase their security co-operation in response to Donald Trump’s threats against his Nato allies. The US president has questioned continued American support for allies that spend insufficiently on their own armed forces, and has threatened both Canada and Europe with punitive tariffs for allegedly taking advantage of the US. In response, Canadian Prime Minister Mark Carney has announced a move away from buying US weapons, and…

ZURICH – Switzerland is holding talks with the United States after Washington tried to raise the price of new fighter jets Bern is buying for its air force, the government said on Wednesday. Bern chose Lockheed Martin’s F-35A Lightning II as its next-generation fighter plane in 2021, with a fixed price of around 6 billion Swiss francs ($7.4 billion) for 36 jets, a decision that attracted controversy in neutral Switzerland. But the U.S. Joint Program Office overseeing the project said…

In a high-profile case that has sent shockwaves through Nigeria’s financial sector, the Economic and Financial Crimes Commission (EFCC) on Friday, June 13, 2025, arraigned Halima Buba, the Managing Director/Chief Executive Officer of SunTrust Bank Ltd, and Innocent Mbagwu, the bank’s Executive Director/Chief Compliance Officer, before Justice Emeka Nwite at the Federal High Court in Abuja. The duo faces a six-count charge of money laundering involving a staggering $12 million, in what the EFCC describes as a blatant violation of…

BOSTON – A federal judge on June 13 blocked President Donald Trump’s administration from implementing parts of his sweeping executive order overhauling federal elections, including by requiring proof of US citizenship to register to vote and barring states from counting mail-in ballots received after Election Day. US District Judge Denise Casper in Boston issued a preliminary injunction at the behest of 19 Democratic-led states who had argued that the Republican president lacked the authority to mandate changes to elections and…

WASHINGTON – US President Donald Trump warned people on June 11 against protesting at the weekend military parade in Washington marking the US Army’s 250th anniversary. “For those people that want to protest, they’re going to be met with very big force,” Mr Trump told reporters in the White House’s Oval Office. Law enforcement agencies are preparing for hundreds of thousands of people to attend the June 14 parade, US Secret Service special agent in charge Matt McCool said on…

Britain, Australia, Canada, New Zealand and Norway said Tuesday they have imposed sanctions on two far-right Israeli government ministers for allegedly “inciting extremist violence” against Palestinians in the Israeli-occupied West Bank. Itamar Ben-Gvir and Bezalel Smotrich face asset freezes and travel bans from the five countries. The ministers are champions of expanding Israeli settlements in the West Bank. The decision by Western governments friendly to Israel was a sharp rebuke of Israel’s settlement policies in the West Bank and of settler…

WASHINGTON – U.S. government agencies tracked foreign nationals’ visits to Elon Musk’s proprieties amid concerns over possible attempts to influence the tech billionaire, The Wall Street Journal reported on Tuesday, citing people familiar with the matter. The investigation, which tracked the foreigners in 2022 and 2023, included the Department of Homeland Security and the Justice Department, according to the report. It focused on people visiting the Musk from countries in Eastern Europe and elsewhere, the Journal said. Musk, who runs…