Canada and Mexico agree to new NAFTA terms

After extended negotiations, Canada, the United States, and Mexico have all agreed to a new trade deal that will replace the North American Free Trade Agreement (NAFTA). The new agreement, which is called the United States-Mexico-Canada Agreement (USMCA) is being hailed as a win for all three countries. According to Reuters, the new deal ensures […]

National debt affects the military, here’s how it will affect you too

The United States may soon spend more on interest than it does on military, Medicaid, or children’s programs, according to a report by the Congressional Budget Office, September, 25. Here’s what that means for you The Trump Administration has achieved many firsts. One of these is that for the first time in the nation’s history, […]

Money laundering still a significant challenge for European Union

Despite stringent regulations aimed at curtailing money laundering in the European Union (EU), the crime is still rampant across several countries on the Continent. According to a report from AFP, an absence of cooperation between EU states is allowing criminals to continue laundering money through various banks. “There are problems relating to coordination at various […]

Shares of Facebook drop after massive data breach

Social media superpower Facebook announced on Friday that millions of the company’s users have been victims of a data breach. According to Reuters, hackers cracked login codes for “up to 50 million” accounts in what is being called the worst security incident in the company’s history. “This is a very serious security issue, and we’re […]

In spite of sanctions, India to continue buying crude from Iran

India will continue to purchase Iranian crude oil, despite the sanctions from the United States. According to a report from Reuters, the announcement was made by Iranian foreign minister Mohammad Javad Zarif shortly after meeting with Indian diplomat Sushma Swaraj. “Our Indian friends have always been categorical in terms of their intention to continue economic […]

Somalia to get $80 million grant from the World Bank

The World Bank announced on Wednesday that it would send $80 million in grants to Somalia to help the African country enact economic reforms. According to Reuters, this is the first time in almost 30 years that the World Bank has approved any type of funding for the Somalia government. In 1991, the World Bank officially […]

US’ trade wars bolster China’s global military expansion

China’s rapidly expanding Navy has, thus far, been primarily concerned with the sovereignty of the South China Sea. Their growing “green water” fleet is capable of asserting a great deal of authority within the regional (and globally important) waterway. China, however, still lacks the logistics and vessels to field a globally capable Navy like that […]

US doubles aid to Rohingya Muslims in Myanmar humanitarian crisis

The United States will be doubling its financial aid to the Rohingya Muslims. According to a report from Reuters, around 700,000 Rohingya Muslims have been displaced from their homes in Myanmar. Nikki Haley, the U.S. ambassador to the United Nations, made the announcement earlier this week. The crisis began in 2017 after Rohingya allied groups […]

Stocks dipped on Monday as relations between Washington and Beijing cool

American markets fell on Monday as the trade war between Washington and Beijing escalated. Both countries implemented tariffs on the other’s exports, and according to a report from CNBC, additional sanctions may still be levied on additional Chinese goods. Worries were further compounded over the weekend when the Chinese government backed out of the upcoming […]

Budget experts accuse Air Force of grossly exaggerating the cost of a Space Force

Last week, Air Force secretary Heather Wilson released a report indicating that the establishment of a new branch of the American Armed Forces tasked specifically with space defense would cost an estimated $13 billion over five years — a figure that was widely touted throughout the media as a sign that the Trump-led initiative is […]

S&P 500’s tech sector goes through historic shake-up

Some of the most important technology stocks listed on the S&P 500 are going through a major shake-up on Monday, September 24. Mega-corporations such as “Alphabet Inc., Facebook Inc., Netflix Inc.,” will be moved from the technology and consumer discretionary sectors and placed into the new comprehensive “communication and media stocks” sector. According to a […]