Home » Economy


Euro could collapse in 18 months, predicts Trump's pick for EU ambassador

Post Pic
Brexiteer professor Ted Malloch, who is likely to become the United States ambassador to the European Union, has predicted the looming failure of the single European currency. In an interview with the BBC, Malloch predicts the euro “could collapse” in the next 18 months. “I think it is a currency that is not only in demise but has a real problem and could in fact collapse in the... 

Peso Tumbles After Mexican President Says He Rejects Trump’s Border Wall

Post Pic
The Peso took a tumble Thursday after Mexican President Enrique Peña Nieto announced he would not cooperate with US President Donald Trump’s construction of a wall between the two nations. “The peso is down by 1.2% at 21.3175 per dollar as of 11:57 a.m. ET,” reports Business Insider. “The currency was up as much as 0.8% at 20.9358 per dollar around 8:50 a.m. ET.” The dip ends a rally for... 

50 House Republicans Ask Trump To Fire Obama's IRS Chief

Post Pic
Rep. Mark Walker, R-N.C., will make the ask. The chairman of the Republican Study Committee has quietly but urgently been circulating a letter inside the GOP conference to build support. He’s now got 50 congressmen signed onto the letter. While Trump has fleshed out his cabinet, so far, he’s stayed hush about the fate of the IRS chief. And conservatives really want Koskinen’s head. “You have... 

Palestinian Authority did receive Obama's final $221mn aid payout

Post Pic
The much-discussed $221 million transfer to Palestine authorized by Barack Obama just hours before Trump was sworn into the presidency has already reached West Bank and Gaza, an advisor to Palestinian President Mahmoud Abbas has claimed. “We have already received the last sum assigned by Obama’s administration. They have transferred this money,” Husam Zomlot, strategic affairs advisor... 

Trump calls for 20% import tax from Mexico to pay for border wall

Post Pic
After signing an executive order to build a wall on the US southern border, President Donald Trump has said that Mexico will pay for the costs of the construction “one way or another.” The White House has hinted that would be with an import tax. In the past, Trump has said that the initial funds for the wall would come from US taxpayers, and later be reimbursed by Mexico; however, Mexican... 

Trump admin freezes Obama's last-moment $221mn handout to Palestine

Post Pic
Washington has reportedly frozen the transfer of the multimillion aid bound for West Bank and Gaza, which Barack Obama is said to have authorized just hours before Donald Trump’s inauguration. A senior Palestinian source told the Times of Israel that the Palestine Authority (PA) leadership was notified by US officials that it should not expect the payout, authorized on January 20 by then-President... 

Obama gives $221 million in Aid to Palestine before leaving office

Post Pic
Traitorous former President Barack Obama took one last opportunity to disrespect and betray the nation of Israel and the American people before he left office. According to a report by the Associated Press President Obama sent the Palestinian state $221,000,000 in his final hours of being commander-in-chief. From The AP: Officials say the Obama administration in its waning hours defied Republican... 

Bernie Sanders applauds Trump's Executive Order to Withdraw from TPP

Post Pic
President Donald Trump is being commended by former presidential candidate Senator Bernie Sanders (I-Vermont) as well as some Democrats facing tough reelection campaigns, following his executive order removing the US from the Trans-Pacific Partnership. “I am glad the Trans-Pacific Partnership is dead and gone,” Sanders said in a statement Monday. The self-declared democratic socialist campaigned... 

Asian Press Reporting US has Withdrawn from the TPP

Post Pic
WikiLeaks has tweeted that the Asian Press is already reporting that the US has withdrawn from the Trans Pacific Partnership (TPP). Trump stated in late November that the first thing he would do on his first day in office would be to pull out of the TPP. The TPP was expected to send more US jobs offshore and another major criticism is that the: TPP will protect and guarantee profits for multinational... 

Fiat Chrysler To Invest $1 Billion In U.S. Plants, 2000+ New Jobs

Post Pic
Investment To Create American Jobs In another win for soon to be President Trump Fiat Chrysler Automobiles has said that will invest $1 billion on two U.S. plants by retooling and modernizing them so that they will be able to produce products within the United States. One plane will make the Ram heavy-duty pickup truck currently produced in Mexico. The automaker says the investment will create more... 

The internet will shut down for 24 hours in 2017 causing financial markets to crash

Post Pic
Millions of computer users across the world could be blocked from the internet this year as the global network will shut down for 24 hours, US technology security vendor LogRhythm predicted in December. The company’s chief information security officer and vice president James Carder told Business Insider, it won’t just be a technical issue stopping people from uploading their selfies on Instagram. “In... 

iPhone Manufacturer Foxconn Plans to Replace almost Every Human Worker with Robots

Post Pic
Foxconn, the Taiwanese manufacturing giant behind Apple’s iPhone and numerous other major electronics devices, aims to automate away a vast majority of its human employees, according to a report from DigiTimes. Dai Jia-peng, the general manager of Foxconn’s automation committee, says the company has a three-phase plan in place to automate its Chinese factories using software and in-house robotics... 

Trump Picks Gov. Rick Perry as Energy Secretary

Post Pic
President-elect Donald J. Trump today announced his intent to name former Texas Governor Rick Perry as Secretary of the U.S. Department of Energy. Gov. Perry was the chief executive of one of the country’s largest states and one of the largest economies in the world. He is also one of the most successful governors in modern history, having led Texas through a sustained period of economic growth... 

IBM Announces It Will Create 25,000 U.S. Jobs Ahead of Meeting With Trump

Post Pic
US technology giant IBM has said it will hire 25,000 people in the United States over the next four years, ahead of a meeting between President-elect Donald Trump and tech industry leaders. About 6,000 of those appointments will be made in 2017, IBM chief executive Ginni Rometty wrote in opinion article published in USA Today. IBM, which in recent years has restructured its activities, will invest... 

Trump's Stock Market Rally Is Historic, Has Never Occurred in 110 Years

Post Pic
It’s official – The ‘TRUMP STOCK MARKET RALLY’ continues to shatter the record books. As a matter of fact, what we have seen since President-Elect Donald Trump won the Presidential election on November 8th, has never occurred before. Out of 21 days since the election, the Dow has reached all time closing highs 13 of these days! On another five of these days the Dow landed at its second highest... 
Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.