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News & Articles By Laura Harris
02/06/2025
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By Laura Harris
Ontario Premier Doug Ford cancels $100M Starlink contract in retaliation for Trump’s tariffs
Ontario Premier Doug Ford canceled a $100 million contract with Elon Musk’s Starlink internet services in response to U.S. President Donald Trump’s tariffs on imports from Canada. Ford announced that Ontario will no longer use American companies for provincial contracts, which he estimates will cost U.S.-based businesses “tens of billions of dollars” in new revenues. […]
02/06/2025
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By Laura Harris
China STRIKES BACK, imposes retaliatory tariffs on U.S. goods as trade tensions escalate
U.S. President Donald Trump imposed a 10 percent tariff on all products imported from China into the United States, effective Feb. 4. China announced retaliatory measures, including a 15 percent tariff on liquefied natural gas and coal, and a 10 percent tariff on crude oil, farm equipment and certain “large engine” autos, effective Feb. 10. […]
02/03/2025
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By Laura Harris
Trump issues memorandum pulling the U.S. out of global corporate minimum tax deal
President Donald Trump issued a memorandum pulling the U.S. out of the 2021 Global Corporate Minimum Tax deal, citing concerns about foreign tax practices affecting American companies. The U.S. currently has a 10 percent global minimum tax rate, lower than the 15 percent rate agreed upon by nearly 140 countries, potentially putting U.S. companies at […]
01/17/2025
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By Laura Harris
U.S. sanctions on Russia send global oil prices soaring to their highest levels in 5 months
Global oil prices have reached their highest levels since August, driven by U.S. sanctions on Russia. New U.S. sanctions on Russia have forced major oil buyers, such as China and India, to seek alternative suppliers, potentially turning to the Arabian Gulf. The global oil market has been realigned since the Ukraine war, with Russia selling […]
01/16/2025
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By Laura Harris
Chinese and Indian refiners turn to Middle East, Africa and the U.S. as American sanctions on Russian oil producers, tankers tighten supply chains
The U.S. and U.K. have imposed new sanctions on Russian oil producers and shipping vessels, targeting two major Russian oil companies and over 20 oil tankers. The sanctions aim to limit Russia’s oil export revenue and disrupt the Kremlin’s energy revenues, pushing up global oil prices and freight costs. Chinese and Indian refiners, Russia’s largest […]
01/13/2025
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By Laura Harris
U.S. imposes additional sanctions on Russian oil giants to curb revenue from energy exports
The U.S. Treasury Department has announced new sanctions targeting Russian oil producers Gazprom Neft and Surgutneftegaz, their subsidiaries, service providers and more than 180 oil tankers. Treasury Secretary Janet Yellen highlighted these sanctions as a way to disrupt Russia’s revenue from oil exports, aiming to hinder Russia’s ability to fund its war against Ukraine. The sanctions […]
01/11/2025
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By Laura Harris
State Farm cancels thousands of home insurance policies in the Pacific Palisades region months before deadly fires
State Farm canceled nearly 72,000 insurance policies in California, including 30,000 homes in the Pacific Palisades region, to avoid “financial failure” due to the increasing frequency and severity of wildfires. Multiple wildfires, including the Palisades Fire, Eaton Fire, and Hurst Fire, are burning across Southern California, causing massive destruction, evacuations of at least 70,000 people […]
01/11/2025
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By Laura Harris
Fabric and craft retailer closes six stores as it navigates post-pandemic challenges
Fabric and craft retailer, Joann, which emerged from bankruptcy in April 2023, quietly closed six of its 815 locations in the United States. Joann faces continued difficulties as consumer behavior changes with the easing of pandemic restrictions, despite a successful debt restructuring that canceled $505 million in debt. Joann’s closures are part of a routine […]
01/10/2025
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By Laura Harris
Washington Post to lay off nearly 100 employees in latest round of cuts
The Washington Post announced layoffs affecting fewer than 100 employees in sales, marketing and IT teams due to financial losses and declining digital readership. The newspaper reported a $77 million loss in 2023, with a 14 percent decline in digital revenue and a 12 percent drop in total revenue since 2021. Its digital subscriber base […]
12/27/2024
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By Laura Harris
Vote-buying scheme FAILED: Biden drops student debt forgiveness plans
The Education Department rescinded two major pending proposals for student debt relief, affecting more than 25 million borrowers, citing “operational challenges” and the upcoming change in administration. The PSLF program provides federal student loan forgiveness to eligible government and nonprofit employees after 10 years of service but has faced criticism for its complex application process. Biden’s […]
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