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Conflict

Woman Freed in US-Russia Prisoner Exchange After Jailing Over Small Ukraine Donation

A Russian-American citizen has been released in a prisoner swap between Moscow and Washington after spending more than a year in a Russian prison. Ksenia Karelina, an amateur ballerina and Los Angeles resident, was arrested in early 2024 while visiting family in Yekaterinburg. Russia's FSB security service accused her of fundraising for a Ukrainian organization that allegedly provided arms to the Ukrainian military. She pleaded guilty last August and received a 12-year prison sentence. According to Russian human rights activists, Karelina had made a single $51 (ยฃ39) donation to a Ukrainian charity on February 22, 2022โ€”the first day of Russia's full-scale invasion of Ukraine. The charity in question has denied raising money for weapons or ammunition, stating that its focus is humanitarian aid and disaster relief. The FSB reportedly discovered the transaction on Karelina's phone. In exchange for her release, […]

Peter Atitebi April 10, 2025

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Finance

Investors Bet Big on European Resurgence: $11 Billion Flood into ETFs in ‘MEGA’ Trend

U.S. investors poured a record $10.6 billion into exchange-traded funds focused on European stocks in the first quarter, seven times the inflows recorded a year earlier, according to data from BlackRock. As U.S. President Donald Trump's tariffs and economic policies fuel uncertainty across markets, European equities have emerged as a bright spot. Tim Seymour, founder and chief investment officer of Seymour Asset Management, dubbed the burgeoning trend Make Europe Great Again, or MEGA. The resurgent interest in European ETFs reflects a sharp reversal in sentiment. Since Russia's invasion of Ukraine in February 2022, the funds had seen net outflows of $6.4 billion. "It's a really massive swing," said Kristy Akullian, head of iShares Investment Strategy at BlackRock. In three of the last five calendar years, investors steered money out of European ETFs that trade in U.S. markets and into domestic […]

Peter Atitebi April 1, 2025

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Politics

Trump Announces 25% Tariffs on Imported Vehicles and Auto Parts

President Donald Trump has announced a new 25% tariff on all vehicles and auto parts imported into the United States, a move that could significantly impact the automotive industry and consumer prices. The tariffs are expected to have wide-ranging consequences for automakers and consumers. Nearly half of all cars sold in the U.S. last year were imported, according to research firm GlobalData. The announcement immediately affected stock markets, with shares of major automotive companies experiencing notable declines. General Motors saw an 8% drop in after-market trading, while Ford and Stellantis experienced approximately 4.5% falls. International manufacturers like Toyota, Honda, and Hyundai also saw their shares drop between 3% and 4%. The economic impact could be substantial. Cox Automotive predicts the tariffs could add $3,000 to the cost of a U.S.-made vehicle and $6,000 to vehicles manufactured in Canada or Mexico. […]

Peter Atitebi March 27, 2025

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News

Leaked Signal Chat Reveals Military Communication Controversy

A recent incident involving a Signal group chat has sparked significant debate about communication protocols among high-level government officials. The Atlantic magazine published transcripts of text messages detailing potential U.S. military strike plans in Yemen, which were inadvertently shared in a group chat that included the magazine's editor-in-chief, Jeffrey Goldberg. The messages, reportedly sent by Secretary of Defense Pete Hegseth, included technical details about military aircraft and strike timing, specifically mentioning F-18 fighter jets and MQ-9 drones. While the texts did not specify exact targets, they provided insights into potential military operations against Houthi militias. Multiple administration officials, including President Trump, DNI Tulsi Gabbard, and CIA Director John Ratcliffe, have characterized the messages as non-classified. They emphasized that the communication did not involve sensitive strategic information. The National Security Council confirmed the authenticity of the message thread and initiated a […]

Peter Atitebi March 26, 2025

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News

US Business Activity Increases in March While Business Sentiment Declines

U.S. business activity improved in March, though increasing concerns about import tariffs and government spending reductions continued to negatively impact sentiment and outlook for the remainder of the year. According to Monday's S&P Global survey, a measure of input prices paid by businesses reached its highest level in nearly two years this month, with increases across both manufacturing and services sectors. The data also indicated companies were hesitant to expand their workforce. The activity improvement likely won't ease concerns that the economy faces a period of sluggish growth combined with high inflation. Consumer sentiment has also weakened as households worry about future conditions. Since returning to office, President Donald Trump has implemented numerous tariffs on imported goods, with some duties postponed until next month. The administration has also launched an aggressive initiative to reduce government spending, terminating thousands of federal […]

Peter Atitebi March 24, 2025

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Politics

U.S. Sentences Man for Assisting Chinese Repatriation Efforts

A real estate businessman has been sentenced to over a year in U.S. prison for helping Chinese authorities pressure an expatriate to return to China. Prosecutors state Quanzhong An participated in "Operation Fox Hunt" - described by Beijing as an initiative to pursue fugitives, but characterized by Washington as transnational repression targeting dissidents abroad. "Quanzhong An acted at the direction of the Chinese government to harass and intimidate individuals living on U.S. soil as part of a scheme to force their repatriation," said Brooklyn-based U.S. Attorney John Durham. China's embassy and consulate did not immediately respond to requests for comment. China has previously denied threatening its nationals in other countries. An, 58, a Chinese citizen with legal U.S. residency, received a 20-month sentence after pleading guilty to acting as an illegal foreign agent. He has already served seven months. His […]

Peter Atitebi March 21, 2025

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Politics

Federal Workers Face Uncertainty After Court-Ordered Reinstatements

Raphael Garcia, a Department of Veterans Affairs analyst who was fired last month during President Donald Trump's initiative to reduce the federal workforce, learned this week of his reinstatement following orders from two federal judges. However, Garcia's professional uncertainty continues. Rather than returning to work, he has been placed on administrative leave while the Trump administration appeals the judge's rulings. Though verbally assured he'll receive back pay during his leave period, the tumultuous early days of Trump's second term have left Garcia skeptical. "I'll believe it when I see it," he told NBC News, noting he won't know if his salary has resumed until late March's pay period ends. Garcia is among 24,000 probationary federal workers caught in career uncertainty as Elon Musk's Department of Government Efficiency works to transform federal bureaucracy. These employees have experienced abrupt terminations and reinstatements, […]

Peter Atitebi March 21, 2025

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News

Taliban Releases American Hostage After 2-Year Ordeal

Secretary of State Marco Rubio announced Thursday that an American citizen has been freed after being held by the Taliban in Afghanistan for over two years. The release was facilitated through Qatari mediation. The freed individual, Delta Airlines mechanic George Glezmann, has departed Kabul and is en route to the United States. This release follows the earlier liberation of two other Americans, Ryan Corbett and William McKenty, who were freed in exchange for a Taliban member held in U.S. custody during the final period of the Biden administration.

Peter Atitebi March 20, 2025

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News

US Charges 12 Chinese Nationals in International Hacking Operation

US prosecutors have charged 12 Chinese nationals for participating in an alleged hacking scheme that sold the data of US-based dissidents to the Chinese government. According to the Justice Department (DOJ), this "state-sponsored" operation targeted government agencies, including the US Treasury, an American religious organization critical of China, and a Hong Kong newspaper considered opposed to the Chinese government. The charges, unsealed in a Manhattan federal court on Wednesday, include two officers from China's Ministry of Public Security. The hackers, appearing to represent a private company called i-Soon, allegedly charged Chinese agencies between $10,000 and $75,000 for each "exploited" email inbox. "Today, we are exposing the Chinese government agents directing and fostering indiscriminate and reckless attacks against computers and networks worldwide," said Sue J Bai, who heads the DOJ's National Security Division. The hackers reportedly conducted computer intrusions both under […]

Peter Atitebi March 6, 2025

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News

Global Markets PLUNGE as Trump’s Tariff Hits Canada, Mexico, and China!

Financial markets declined sharply as President Donald Trump confirmed the implementation of 25% tariffs on Canadian and Mexican imports, along with an additional 10% tariff on Chinese goods, effective Tuesday. Trump announced at the White House that negotiations had concluded without agreements. "No room left for Mexico or for Canada. The tariffs are all set." Canadian Foreign Minister Melanie Joly announced retaliatory measures, preparing $155bn in counter-tariffs on US products, with an initial $30bn targeting everyday items including pasta, clothing, and perfume. She emphasized that while Canada wishes to avoid trade conflict, they would respond to US actions. Mexico and China have similarly pledged retaliatory measures. Trump justified the tariffs citing concerns over illegal drugs and immigration, despite a one-month negotiation period with Canada and Mexico. Chinese goods already face a 10% tariff imposed in February. Trump maintains that tariffs […]

Peter Atitebi March 4, 2025

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