Guggenheim CIO Predicts Fed Rate Cuts and Economic Resilience in 2025 DAVOS, Switzerland — Ann Walsh, chief investment officer (CIO) of U.S. asset management firm Guggenheim Partners, announced on January 20 that the U.S. Federal Reserve has implemented interest rate cuts nearly every quarter in 2025, totaling between 75 and 100 basis points (bp). Speaking … Read more
Russia and Iran Sign 20-Year Comprehensive Strategic Partnership Treaty in a historic move, Russian President Vladimir Putin and Iranian President Pezeshkian met in Moscow on January 17, 2025, to sign teh Treaty of Comprehensive Strategic Partnership, a landmark agreement set to last for two decades. The signing ceremony, held at the Russian presidential palace, … Read more
Biden Commutes Sentences for Nearly 2,500 Non-Violent Drug Offenders, setting Historic Clemency Record In a historic move, President Joe Biden announced on January 17, 2025, that he woudl commute the sentences of approximately 2,500 individuals convicted of non-violent drug crimes. This decision marks the most pardons and commutations issued by any U.S. president in … Read more
Trump Transition Team Requests Resignations of Three Senior State Department Officials Ahead of Re-inauguration As President Donald Trump prepares for his re-inauguration on January 20, his transition team has asked three senior career diplomats to resign, signaling potential sweeping changes within the U.S. State department. The officials—Derek Hogan, Marcia Barnicutt, and Alaina Teplitz—are responsible for … Read more
Sheinbaum’s Pragmatic Approach to Trump’s Tariff Threats: A Test of U.S.-Mexico Relations In late November 2024, President-elect Donald Trump sent shockwaves through the global trade surroundings by announcing a 25% tariff on imports from Mexico and Canada unless both countries took stronger measures to combat illegal immigration and drug flows into the United States. … Read more
Trump Announces Plans to Meet Putin Shortly after Taking Office In a significant move that could reshape U.S.-Russia relations, president-elect Donald Trump announced on January 13 that he intends to meet with Russian President Vladimir Putin immediately after taking office next week.This will mark the first U.S.-Russia summit since Russia’s invasion of Ukraine in February … Read more
Japan’s Current Account Surplus Hits Three-Month High Amid Trade and Income Gains Tokyo, January 14, 2024 — Japan’s current account balance surged to a three-month high in November, reaching a surplus of 3.3525 trillion yen,according to the latest balance of payments report released by the Ministry of Finance. This marks a significant turnaround from earlier … Read more
Trump and Putin Set for High-Stakes Phone Call Amid Ukraine Crisis In a significant progress, mike Walz, the incoming national security adviser for the next U.S. governance, revealed that former President Donald Trump is expected to hold a phone call with Russian President Vladimir Putin “in the coming days or weeks.” The announcement, made during … Read more
Croatia’s Presidential Run-Off: Milanović Secures Re-Election Amidst Political Tensions On the 12th, Croatia witnessed a decisive moment in its political landscape as incumbent President Milanović clinched re-election in a run-off vote against former Education and Science Minister Primorac. The election, held in Zagreb, saw Milanović garnering 74.58% of the votes, while Primorac secured 25.42%, according … Read more
Biden Governance Imposes Sweeping Sanctions on Russia’s Oil Giants to Curb War Economy On January 10, 2025, the Biden administration announced a significant escalation in its financial war against Russia, targeting the country’s oil and natural gas revenues. The sanctions specifically aim at two of Russia’s largest oil companies, gazpromneft and Surgutneftegas, in a move … Read more