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Explainer: Why the Russian Rouble Is Surging — and Why It’s a Mixed Blessing

Rouble up 45% against the dollar, but stronger currency strains Russia’s economy under sanctions MOSCOW, July 24 — The Russian rouble has surged 45% against the U.S. dollar since the beginning of

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Xi Jinping Meets EU Leaders Amid Trade Tensions and Geopolitical Strains

First in-person EU-China summit since 2023 overshadowed by Ukraine war, trade disputes, and regional power plays BEIJING, July 24 — Chinese President Xi Jinping met with top European Union leaders this week

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Trump Signals Global Tariffs Between 15% and 50% Ahead of August Deadline

President says ‘simple, straight’ tariff system coming for over 150 countries, raising fears of sweeping trade disruptions WASHINGTON, July 24 — U.S. President Donald Trump has announced that upcoming tariff rates on

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Trump Secures Trade Deal With Japan as EU Threatens $100B Tariff Retaliation

Global trade tensions escalate with EU countermeasures, multiple new U.S. trade pacts unveiled Trade tensions escalated on Wednesday as the European Union announced plans to impose 30% tariffs on over $100 billion

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European and Japanese Stocks Rally After U.S.-Japan Trade Deal Eases Tariff Concerns

Market optimism grows on potential EU-U.S. agreement following Tokyo breakthrough LONDON/SYDNEY, July 23 — European stocks rose sharply on Wednesday amid renewed optimism for a potential trade deal between the European Union

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China’s $170B Mega-Dam Sparks Regional Fears Over Water Security

World’s largest hydropower project raises tensions with India and Bangladesh SINGAPORE, July 22 — China has launched construction on what it claims will become the world’s largest hydropower project — a $170

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Over 100 Aid and Rights Groups Urge Ceasefire as Famine Deepens in Gaza

Humanitarian access blocked while critical supplies remain stranded outside the enclave July 23 — More than 100 humanitarian and human rights organizations are calling for urgent international action as hunger intensifies across

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Nikkei Hits 1-Year High as U.S.-Japan Trade Deal Calms Tariff Fears

Markets rally on easing tensions; EU stock futures rise on hopes of broader trade agreements SYDNEY, July 23 — The Nikkei surged to its highest level in a year on Wednesday after

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The Republican Illusion of Replacing Income Tax with Tariff Revenue

In politics, daydreams often fill the space where financial realities should hold sway. For instance, the left has frequently claimed that significant new spending programs could be funded “if only the rich

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Avoid Using Funds from Charities to Cover Tax Cuts

As Congress moves forward with its latest reconciliation bill, legislators are discussing a series of tax measures that could potentially harm one of the most reliable and impactful sectors in America: philanthropy.

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