Long Island Rail Road Strike Ends After Three Days With New Labor Agreement
After a three-day shutdown, the Long Island Rail Road will resume service following a labor agreement that grants raises to workers without raising fares or taxes.
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New Economic Model Highlights Persistent Global Impacts of Tariffs Through Production Networks
A novel framework reveals that even short-term tariffs trigger lasting inflation, output losses, and international spillovers by disrupting interconnected global production and finance networks.
Trade & Tariffs
Uzbekistan and China Focus on Enhancing Trade, Investment, and Infrastructure Collaboration
Uzbekistan and China seek to deepen economic ties by expanding trade, boosting Chinese investment, and advancing major infrastructure projects to strengthen regional connectivity.
Trade & Tariffs
PlayStation Owners File Class-Action Suit Seeking Refunds Over Tariff-Driven Price Hikes
PlayStation 5 buyers have initiated a class-action lawsuit against Sony aiming to recover price increases imposed after tariffs were enacted and later invalidated by the U.S. Supreme Court.
Trade & Tariffs
U.S. and China Reach Modest Trade Deals Amid Efforts to Stabilize Relations
The U.S. and China agreed on limited trade commitments, including agricultural purchases and resumed beef imports, while aiming to establish a framework for strategic stability.
Trade & Tariffs
US Rejects Iran’s Latest Peace Proposal, Signals Possible Military Action
The United States declined Iran’s recent peace offer, warning that unresolved nuclear negotiations could escalate to military conflict if Tehran fails to alter its stance.
Trade & Tariffs
Trump Voluntarily Drops $10 Billion IRS Lawsuit Amid Judge’s Jurisdiction Concerns
President Trump dismissed his $10 billion lawsuit against the IRS just before a court deadline, citing procedural rights and avoiding scrutiny over the tax return leak case.
Trade & Tariffs
IMF Board to Review Ghana’s Final Aid Tranche and Approve New Policy Deal in July
The IMF is set to finalize Ghana’s bailout review and consider a new policy coordination agreement, with approvals and a final disbursement expected before the end of July.
Trade & Tariffs
Minnesota Secures $205 Million to Prevent Closure of Hennepin County Medical Center
A legislative agreement brokered by Governor Tim Walz promises $205 million in state funding for HCMC, safeguarding the hospital from imminent closure after strong community advocacy.
Trade & Tariffs
Trump Praised China’s Youth for Their Discipline During His Visit
During his visit to China, President Trump took note of the orderly and disciplined behavior of Chinese schoolchildren, reflecting a contrast to typical young crowds elsewhere.
Trade & Tariffs
China’s Solar Industry Adapts to U.S. Forced Labor Bans While Expanding Production
Despite U.S. legislation banning Uyghur forced labor, China’s solar sector has restructured its workforce system to maintain exports, with production and labor transfers continuing to increase.
Trade & Tariffs
Former US Defence Secretary Urges Wartime-Style Shift to Counter China’s Military Growth
Robert Gates warned the US must urgently expand defence production and overcome bureaucratic delays to address shortages in missiles, drones, and missile defence amid rising Chinese military power.