political
In an event filled with political speeches and strategic positioning, it was a deeply personal moment that captured the nation’s attention. Gus Walz, the 17-year-old son of Minnesota Governor Tim Walz, stole the show at the Democratic National Convention (DNC) in Chicago—not for a rousing speech or a political stance, but for his heartfelt reaction as his father accepted the vice presidential nomination. Gus’s emotional response, coupled with his family’s openness about their struggles, resonated with millions, turning the spotlight on a different kind of courage. Governor Walz talks about inf...
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In a surprising twist, former President Donald Trump has hinted at the possibility of offering Elon Musk a position in his cabinet if he wins the 2024 presidential election. During a recent interview, when asked if he would consider Musk for a cabinet role, Trump responded, “I would, he’s very smart… I certainly would if he would do it.” This potential collaboration between two of the most influential figures in business and politics could have far-reaching implications, particularly for the electric vehicle (EV) industry and Tesla. Elon Musk, known for his bold moves and visionary ideas, didn...
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Donald Trump’s financial empire, once rooted in New York real estate, has increasingly shifted its focus to his golf courses and resorts in Florida. As the former president faces legal challenges and a fluctuating real estate market, his Florida properties are projected to generate approximately $80 million in cash flow after operating expenses in 2024. This shift underscores the critical role these resorts play in sustaining their business amidst broader financial pressures. How much revenue Trump’s Mar-a-Lago Club generateFlorida has become central to Trump’s financial strategy, with his gol...
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China has launched an an anti-subsidy investigation into dairy imports from the European Union in a move that is likely to escalate its trade tensions with the continent. Announced by China’s Ministry of Commerce on Wednesday, the probe will scrutinize subsidies related to dairy products produced in the EU from April 2023 through March 2024. The anti-subsidy investigation will primarily focus on specific dairy items, including fresh and processed cheese. The inquiry is expected to conclude within a year. It was prompted by a complaint submitted by the Dairy Association of China and the China D...
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Kamala Harris, the current vice president of the United States, has seen her net worth rise significantly since her selection as Joe Biden’s running mate in 2019. According to Forbes, her net worth is now estimated at $8 million, reflecting a $2 million increase over the past few years. The growth in her financial portfolio is attributed to various factors, including her real estate investments, income from book sales, and pensions accumulated throughout her political career. This financial growth aligns with her increasing influence within the Democratic Party, especially following her nomina...
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As summer draws to a close, families and travellers across the UK are bracing for significant disruptions due to a new wave of strikes by train drivers and Border Force workers. The industrial actions, announced separately by the Aslef union and the Public and Commercial Services (PCS) union, are set to disrupt vital transport links, particularly affecting the East Coast mainline operated by LNER and several terminals at Heathrow Airport. The strikes come at a time when many families are planning end-of-summer holidays, and the disruptions are expected to impact travel plans significantly. Asl...
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The recent political upheaval in Bangladesh, marked by the resignation of Prime Minister Sheikh Hasina amidst widespread protests, is not just a domestic concern but also a development with far-reaching implications for its neighboring countries. As Bangladesh navigates through this turbulent period, India—its second-largest trading partner and a competitor in the textile sector—is poised to feel both the positive and negative impacts. The crisis could disrupt trade, affect the textile industry, and even influence India’s growing medical tourism sector, making it crucial to understand the pote...
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Donald Trump, once a vocal skeptic of cryptocurrency, now owns over $1 million in digital assets, according to his latest financial disclosure. The former president, who previously called Bitcoin a scam, has amassed between $1 million and $5 million in Ethereum, signaling a shift in his stance toward the digital currency world. While this sum is relatively modest compared to Trump’s broader financial portfolio, it underscores his growing interest in the crypto sector—a move likely aimed at appealing to the crypto lobby as he eyes a return to the White House. Highlights of Trump’s financial por...
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American stocks continued doing well this week as investors moved on past the Japanese yen carry trade mess that happened two weeks ago. The Dow Jones index has risen by over 5.65% from its lowest point this month. Similarly, the Nasdaq 100 index has moved into a bull market, rising by over 11.7% from its lowest point in August. The S&P 500 index has jumped by more than 8.29% in this period. This recovery happened as investors continued to buy the dip in US equities as recession fears dropped. Data released this week showed that the country’s inflation continued falling in July while retail sa...
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Japan’s Prime Minister Fumio Kishida has announced his decision to step down next month, marking the end of his three-year tenure. This decision follows a significant decline in public support due to a series of political scandals and rising living costs. Kishida’s resignation will trigger a leadership contest within the ruling Liberal Democratic Party (LDP) to determine his successor. Falling approval ratings and political scandalsKishida’s popularity began to wane shortly after he assumed office in 2021, following revelations about the LDP’s connections to the controversial Unification Churc...
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