Washington CNN — As president, Donald Trump made some of his most thoroughly dishonest speeches at the annual Conservative Political Action Conference. As he embarks on another campaign for the presidency, Trump delivered another CPAC doozy Saturday night. Trump’s lengthy address to the right-wing gathering in Maryland was filled with wildly inaccurate claims about his … Read more
Nicolas Mackel is the CEO of Luxembourg for Finance, the development body for the country’s financial centre As we mark the first anniversary of the Ukraine war, it is important to reflect on the suffering this war of aggression has wrought on our Ukrainian friends, and the inspiring courage they have shown. Beyond the destruction and … Read more
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a range of 4.25% to 4.50%, as expected at its meeting that ends Wednesday. With the relatively benign report on the consumer … Read more
Amazon stock has been clobbered since it last reported earnings. On Wednesday, the U.S. Department of Defense added to the bull case for shares. The Pentagon announced the issuance of several contracts worth up to $9 billion for a cloud computing project called the Joint Warfighting Cloud Capability. They went to the four largest U.S. cloud … Read more
SEOUL, South Korea — South Korean activists say they clashed with police while launching balloons carrying anti-Pyongyang propaganda materials across the North Korean border, ignoring their government’s plea to stop such activities since the North has threatened to respond with “deadly” retaliation. Park Sang-hak, a North Korean defector-turned-activist, said he his group had launched about … Read more
Chocolate and peanut butter go together; falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock may still be worth buying. Yes, that sounds like a terrible idea, at least at first glance. Petróleo Brasileiro, or Petrobras (ticker: PBR), as it is more commonly known, is the Brazilian national oil company, … Read more
Exxon Mobil Corp. is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump prices at home. Exxon told the Energy Department this week that the oil industry shouldn’t slow fuel shipments in favor of putting more in … Read more
KYIV, Ukraine — Russia confirmed on Thursday it will formally annex parts of Ukraine where occupied areas held Kremlin-orchestrated “referendums” on living under Moscow’s rule that the Ukrainian government and the West denounced as illegal and rigged. Russian President Vladimir Putin will attend a ceremony on Friday in the Kremlin when four regions of Ukraine … Read more
SEOUL, South Korea — North Korea fired two short-range ballistic missiles toward its eastern waters on Wednesday, its neighbors said, a day before U.S. Vice President Kamala Harris is to visit South Korea. Seoul’s Joint Chiefs of Staff said in a statement that the North Korean missiles lifted off 10 minutes apart on Wednesday afternoon … Read more
WASHINGTON — President Joe Biden is set to host Pacific Island leaders for a two-day summit as the U.S. looks to counter China’s military and economic influence in the region. Pacific Island leaders, meanwhile, see an even more pressing concern: climate change. On Wednesday, Secretary of State Antony Blinken planned to kick off the summit … Read more