Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Trump’s tariffs deadline approaches, impacting global economy

Trump’s tariffs deadline approaches, heightening uncertainty for global trade as negotiations scramble for clarity and economic impact looms.

Published

on

Trump’s tariffs deadline approaches, heightening uncertainty for global trade as negotiations scramble for clarity and economic impact looms.

In Short:
US President Trump’s tariff deadline ends a 90-day uncertainty, aiming to reduce trade deficits and boost manufacturing. Despite a stable economy, businesses face challenges from unpredictable tariffs, impacting their planning and the Federal Reserve’s interest rate decisions.

US President Donald Trump’s deadline for trade agreements arrives, ending a 90-day period of uncertainty surrounding his tariffs. The tariffs aim to reduce trade deficits and boost US manufacturing, disrupting long-standing trade rules promoted by the World Trade Organization.

Trump expects tariffs to generate revenue for the US Treasury starting August 1, as negotiators rush to secure trade deals before the July 9 deadline. Trade is viewed as a key component of Trump’s economic strategy, alongside tax cuts and deregulation, to drive investment and job creation.

Despite a stable US economy, with strong hiring and low inflation, the Federal Reserve remains cautious about the potential impacts of the tariffs. Companies are grappling with unpredictable tariff policies, complicating their planning regarding production and hiring.

In North America, economic data including jobless claims and labour market reports will provide insights into job stability and the economic landscape as the Fed evaluates future rate changes. Asian economies are also focusing on monetary policy amidst slowing growth, with central banks set to respond to inflation trends.

European markets await key data on GDP, manufacturing, and inflation, reflecting the effects of ongoing tariff policies. Leading economies in Latin America will report inflation data, with policymakers closely monitoring economic pressures and adjusting monetary policies accordingly.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

News

Trump proposes $100,000 H-1B visa fee increase

Trump announces massive H-1B visa fee increases and introduces $1 million ‘gold card’ to reshape immigration system

Published

on

Trump announces massive H-1B visa fee increases and introduces $1 million ‘gold card’ to reshape immigration system

video
play-sharp-fill
In Short:
– Trump announced a $100,000 fee for H-1B visas and a $1 million residency gold card to boost American hiring.
– Critics argue increased fees may limit smaller firms’ access to foreign talent, impacting U.S. tech innovation.
President Trump announced significant changes to the U.S. immigration system, introducing a new $100,000 fee for H-1B visas and a $1 million “gold card” for residency.
The move aims to increase revenue and promote the hiring of American workers, claiming that many tech companies exploit the current system.The fee increase targets H-1B visa applications, which traditionally have low entry costs.

Trump stated the initiative aims to bring in highly skilled individuals rather than those crossing the borders illegally. A gold card requiring a $1 million payment will expedite visa processing, with a reduced availability compared to existing green card categories.

Banner

The new programme could alter the competitive landscape for U.S. tech companies, which historically depend on H-1B visas to access foreign talent.

Critics warn that the increased fees may deter smaller firms from utilising these visas, potentially hindering U.S. progress in tech sectors like artificial intelligence.

Visa Impact

Debate persists within Trump’s administration regarding the new policy’s implications. Supporters argue it protects American jobs, while opponents contend it restricts access to global talent crucial for innovation.

The H-1B visa programme, established in 1990, remains vital for skilled foreign workers seeking residency in the U.S., yet faces growing scrutiny.


Download the Ticker app

Continue Reading

News

Fourth death confirmed due to Optus outage issues

Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade

Published

on

Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade

video
play-sharp-fill
In Short:
– A fourth death is confirmed due to an Optus network failure affecting emergency calls for 13 hours.
– Optus CEO announced an investigation after communication failures and criticism from politicians and emergency services.
A fourth death has been confirmed following an Optus network failure that prevented emergency calls to Triple Zero for 13 hours.
Initially, Optus reported three fatalities, including an infant and two elderly individuals from South Australia and Western Australia. The latest victim is a 49-year-old man from Perth.Optus CEO Stephen Rue expressed deep sorrow over the incident and announced a full investigation into the network update that caused the outage.

He stated that approximately 600 calls to emergency services were disrupted, impacting residents across South Australia, Western Australia, and the Northern Territory.

Banner

Rue confirmed that the outage stemmed from a problematic firewall upgrade and revealed details of communication failures within the company. Politicians and emergency services expressed anger at the lack of timely information during the crisis.

System Failure

South Australian Premier Peter Malinauskas criticised Optus for their incompetence in handling the situation.

The federal communications minister also condemned the company, highlighting that such failures are unacceptable.

The incident follows a previous outage for which Optus was fined $12 million, raising serious concerns about their emergency service handling.


Download the Ticker app

Continue Reading

News

Israel launches its new “Iron Beam” laser system

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.

Published

on

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.


Israel’s Defence Ministry says its new “Iron Beam” laser system will be deployed by year’s end. The technology is designed to destroy incoming missiles, rockets, drones and mortars with precision.

Developed by Rafael Advanced Defense Systems in partnership with Elbit Systems, Iron Beam will sit alongside existing defences such as Iron Dome, David’s Sling and Arrow. Unlike traditional interceptors which can cost tens of thousands of dollars per shot, the laser comes at negligible expense.

Officials call it the world’s first high-power laser interception system to achieve operational maturity, hailing it as a game-changer for modern warfare. Military leaders expect the system to reshape air defence capabilities and cut costs dramatically.

#Israel #Defence #LaserWeapons #TickerNews


Download the Ticker app

Continue Reading

Trending Now