Category: Extra News

CBO: New US Tax Cuts Would Worsen Federal Fiscal Picture

Republican plans to make President Donald Trump’s tax cuts permanent for individuals and many private businesses would worsen an already rising U.S. debt burden, congressional researchers said Tuesday. In its annual long-term budget outlook, the nonpartisan Congressional Budget Office (CBO) said the debt will equal 78 percent of U.S. gross …

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British Lawmakers Approve Heathrow Airport Expansion

The British Parliament has overwhelmingly approved plans to expand Europe’s biggest airport after decades of debate over its potential impact. The House of Commons on Monday voted 415-119 to build a third runway at London’s Heathrow Airport. Prime Minister Theresa May’s Conservative government and business groups strongly backed the expansion, …

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Trump Threatens New Tariffs on Trading Partners

President Donald Trump has issued a warning to U.S. trading partners that unless they remove restrictions placed on American goods, they will face “more than Reciprocity by the U.S.A.” “The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their …

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UK Minister Tells Companies to Stop Brexit Warnings

A British minister accused Airbus and other major companies of issuing “completely inappropriate” threats and undermining Prime Minister Theresa May in a sign of growing tensions with businesses leaders over Brexit. Aircraft manufacturer Airbus last week issued its strongest warning over the impact of Britain’s departure from the European Union, …

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Trump Threatens 20 Percent Tariff on EU Cars

U.S. President Donald Trump is threatening to impose a 20 percent tariff on vehicles assembled in the European Union and shipped to the United States, in retaliation for European tariffs on American imports. On Friday, the day new EU tariffs went into effect, Trump tweeted, “…if these Tariffs and Barriers …

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Turkey Joins Nations Placing New Tariffs on US Products

Turkey announced Thursday that it would impose tariffs on $1.8 billion worth of U.S. goods in retaliation for U.S. President Donald Trump’s tariffs on steel and aluminum imports. The World Trade Organization said the new Turkish tariffs would amount to $266.5 million on products including cars, coal, paper, rice and tobacco. …

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UN: 40M in US Live in Poverty

A report by the U.N. special rapporteur on extreme poverty and human rights finds 40 million people in the United States live in poverty, 18.5 million live in extreme poverty and more than 5 million live in conditions of absolute poverty.  Special Rapporteur Philip Alston called the United States the most …

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China Calls Trump Threat of More Tariffs ‘Blackmail’

China calls President Donald Trump’s threat to slap more tariffs on Chinese exports to the U.S. “extreme pressure and blackmail” and threatens to retaliate. Beijing reacted Tuesday to Trump’s plan to impose tariffs on another $200 billion of Chinese goods “if China refuses to change its practices.” “China apparently has …

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WHO Classifies Gaming as a Mental, Addictive Disorder

For the first time, the World Health Organization is adding Gaming disorder to the section on Mental and Addictive Disorders in its new International Classification of Diseases. The ICD provides data on the causes of thousands of diseases, injuries and deaths across the globe and information on prevention and treatment. …

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