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ECONOMY

Do Kwon pleads guilty to fraud charges in $40 billion crypto collapse

Wednesday, Aug 13

Do Kwon pleads guilty to fraud linked to the $40 billion collapse of TerraUSD and Luna, facing significant legal consequences.

ECONOMY

Ongoing Standoff Over Redistricting in Texas as Democrats Remain Out of State

Wednesday, Aug 13

Texas Democrats continue their absence to block Republican redistricting efforts, with Governor Abbott promising special sessions until a resolution is reached.

ECONOMY

Trump's BLS Nominee E.J. Antoni Proposes Suspending Monthly Jobs Report

Wednesday, Aug 13

E.J. Antoni, Trump's nominee to lead the BLS, suggests halting monthly jobs reporting, raising concerns over economic data reliability.

ECONOMY

Trump Announces Gold Imports Will Not Face Tariffs, Easing Market Concerns

Tuesday, Aug 12

Trump's declaration that gold won't be tariffed calms international bullion markets after prior confusion.

ECONOMY

European Leaders Urge Trump to Involve Ukraine in Upcoming Summit with Putin

Tuesday, Aug 12

European leaders press for Ukraine's involvement in the Trump-Putin talks to discuss peace and security in the ongoing war.

ECONOMY

Trump Urges China to Quadruple Soybean Orders Ahead of Trade Deadline

Tuesday, Aug 12

Trump calls for China to increase soybean imports before a trade truce deadline, impacting U.S. agriculture and market prices.

ECONOMY

Trump Considering Marijuana Reclassification as a Less Dangerous Drug

Tuesday, Aug 12

Trump hints at potential marijuana reclassification, which could influence the cannabis industry's economic landscape.

ECONOMY

Air India to Suspend Nonstop Flights Between Delhi and Washington Due to Aircraft Shortage

Monday, Aug 11

Air India will suspend nonstop flights from Delhi to Washington starting September 1, attributing the decision to aircraft shortages.

ECONOMY

Adidas Faces Backlash Over Cultural Appropriation of Traditional Mexican Sandals

Monday, Aug 11

Adidas faces accusations of cultural appropriation for a sandal design inspired by traditional Mexican footwear, prompting apologies and legal discussions.

ECONOMY

India Faces Trade Conflict with US Amid Tariff Hikes on Russian Oil Imports

Saturday, Aug 09

Rising tensions between the US and India due to substantial tariffs imposed on Indian exports linked to Russian oil purchases threaten economic relations.