World & Politics
Oxfam: Total billionaire wealth to reach record $18.3 trillion in 2025 - 01/20/2026
By the end of 2025, the total wealth of billionaires is expected to reach $18.276 trillion, marking the highest level since at least 1987, according to a report by Oxfam, an international organization focused on fighting inequality. This report was released ahead of the World Economic Forum in Davos. This amount is twice what it was in 2020 and seven times higher than in the year 2000. The report...
EU calls on the Syrian conflict parties to respect the ceasefire - 01/20/2026
The European Union welcomed the ceasefire that came into effect on January 18 between the Syrian transitional authorities and the Syrian Democratic Forces (SDF), said Anouar El Anouni, the spokesperson for the EU's High Representative, Kaja Kallas. During a briefing in Brussels on Monday, the spokesperson called on all parties to stop all fighting right away, fully carry out the agreed...
Canada agrees to reduce tariffs on electric vehicles from China - 01/19/2026
Canada has agreed to lower tariffs on Chinese electric vehicles, in return for Beijing reducing tariffs on several Canadian agricultural products, according to AP. This announcement was made by Canadian Prime Minister Mark Carney during his visit to Beijing. Carney stated, "These have been historic and useful two days. We need to understand the differences between Canada and other countries and...
European governments want to appoint separate EU negotiator for Ukraine - 01/14/2026
European governments are pushing the EU to send a representative to talk with Russia about a deal in Ukraine. They are worried that the US might make a deal with Russia without them, according to Politico's European edition. The report says that France and Italy, along with others, have already gotten backing from the European Commission and some other countries. The report also mentions that...
Trump imposes 25% tariffs on countries doing business with Iran - 01/13/2026
US President Donald Trump announced that a 25% tariff will be applied to countries engaged in business with Iran. He stated on the social media platform Truth Social that "effective immediately, any country conducting business with the Islamic Republic of Iran will be required to pay a 25% tariff on all transactions with the United States of America." White House Press Secretary Karoline...
Trump confirms that the US is exploring options amid protests in Iran - 01/12/2026
The United States is keeping a close watch on the protests in Iran and is looking at several possible actions, according to US President Donald Trump. "In the military, they are looking into this. And we are considering some very serious options. We will decide what to do," Trump told reporters, adding that "people were killed" during the recent Iranian protests. When asked about the US...
The Telegraph: EU plans to impose sanctions on the US over Greenland - 01/12/2026
The European Union is working on plans to apply sanctions on American companies if US President Donald Trump refuses to support his suggestion to station NATO forces in Greenland, according to a report by the British newspaper The Telegraph, which cited anonymous sources. As per the sources, the UK is currently discussing with other European allies about sending military forces to Greenland. This...
Somalia's President calls for protection of country's unity - 12/29/2025
According to Somali President Hassan Sheikh Mahmoud in a parliamentary address on Sunday, Israel's acknowledgment of Somaliland's independence jeopardizes Somalia's unity, and its people must show solidarity and take counteractions. "I urge the people of Somalia to stay composed and protect the nation's unity and sovereignty, which is experiencing a blatant invasion," he was quoted by Al Arabiya...
Japan to post budget surplus in next fiscal year for first time in 28 years - 12/29/2025
Japan's main budget is set to be in surplus for the first time in 28 years in the upcoming fiscal year, as announced by Prime Minister Sanae Takaichi, according to Bloomberg. "The initial budget presented by the government indicates a positive primary balance for the first time since 1998," she informed reporters. "I think we have developed a budget that balances fostering a robust economy with...
Japan to restart world's largest nuclear power plant in January - 12/23/2025
The Niigata Prefectural Assembly on Monday approved Governor Hideyo Hanazumi's choice to resume operations at the Kashiwazaki-Kariwa Nuclear Power Plant, regarded as the largest in the world by installed capacity, The Japan Times states. TEPCO is anticipated to bring one of the seven reactors back online on January 20. The report notes that Japan deactivated all 54 of its nuclear power...
