Tag: 2024
Biden Administration Proposes 100% Tariffs on Chinese EV Imports
Biden Administration Ramps up Tariffs The Biden administration plans to announce a 100% tariff on Chinese EV imports. This will quadruple the previous tariff rate of 25%. The hike is simply the latest product of the ongoing trade conflict between the US and China. The Biden administration believes that China’s ‘overcapacity’ to manufacture’ is hurting the profitability…
Bank of England Holds Interest Rates for Sixth Straight Month
Bank of England Holds Interest Rates The Bank of England has opted to hold interest rates for the sixth consecutive month. Interest Rates continue to remain at 5.25%. Although this may be frustrating, the BOE governor, Andrew Bailey, indicated that they will cut rates within the next two months. In 2024, inflation has decreased from…
Weekly Politics Summary – 11/5/24: Indian Opposition
New SNP leader and First Minister of Scotland On Monday, the 6th of May, the Scottish National Party elected a new leader, John Swinney, after the previous leader Humza Yousaf resigned. John Swinney’s job is to unify the SNP and solve all the economic issues currently damaging Scotland. Currently, the Scottish economy has generally flatlined…
From Parades to Politics: Victory Day’s Evolving Significance
History of the parade: On May 9th, Russia and other formerly Soviet states celebrate Victory Day. This was when the Soviet Union and allies beat Nazi Germany. During the late evening of May 8th, 1945, German Military Commanders signed an official unconditional surrender document to the U.S.S.R, ceasing all fighting on the Eastern front. In…
Apple Let Loose Event: A Celebration of Creativity.
The Apple “Let Loose” event on May 7th wasn’t just about new products; it was a celebration of creativity. Held earlier than usual at 7 am Pacific Time, the event seemed geared towards an international audience. Also wasting no time diving into the star of the show: the iPad. The iPad Air Gets Supersized Rumors…
Microlending: Small Loans, Big Dreams
In today’s global landscape, where financial inclusion is paramount, microfinance emerges as a pivotal instrument in fostering economic empowerment, particularly through microlending. Understanding Microlending Microlending is a cornerstone of microfinance, aimed at addressing the financial needs of individuals who are typically excluded from mainstream banking due to factors like low income, lack of collateral, or…
