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President Donald Trump announced a 10 percent increase in tariffs on Canadian exports to the United States on Saturday, escalating a dispute with America's northern trading partner that originated from a television commercial featuring historical remarks by Ronald Reagan on trade policy. The tariff declaration came while Trump was en route to Malaysia aboard Air Force One, marking a significant deterioration in relations with Mark Carney, the former central banker who assumed

Twelve months after defeating the ruling Fidesz party in a Budapest district mayoral race, Gergely Kovács reports unexpected success in reducing patronage networks through straightforward reforms to local procurement procedures. "You can save a tonne of money," Kovács explained, "just by making sure there is real competition" in both public tenders and property transactions. The prominent member of Hungary's Two-Tailed Dog party highlighted substantial savings to public funds

Industry executives are calling on the European Union to expedite efforts to build strategic reserves of critical minerals, warning that delays could compromise the bloc's ability to secure essential materials for defense manufacturing and clean energy technologies. Brussels is preparing to initiate a consultation process on mineral stockpiling before the end of the year, according to EU officials. The discussions will address funding mechanisms and identify which specific mi

Corporate expense fraud has entered a new era as employees exploit artificial intelligence tools to create convincing fake receipts, leaving companies grappling with mounting financial losses and detection challenges. The proliferation of sophisticated image-generation technology from major AI developers including OpenAI and Google has triggered a dramatic increase in fraudulent expense submissions across organizations, according to data from prominent expense management plat

FINANCIAL NEWS DESK As Argentina's libertarian President Javier Milei battles to stabilize the peso ahead of pivotal midterm elections, the Trump administration has extended a controversial financial lifeline that could expose Washington to significant risks. The Crisis Unfolds Milei's government entered turbulent waters following a devastating defeat in Buenos Aires province local elections last month—a region representing nearly 40% of Argentina's population. The loss trigg

Emergency responders rushed to evacuate children from a kindergarten in Kharkiv after a Russian drone strike claimed one life during a devastating nationwide assault on Ukrainian cities yesterday. Civilian Casualties Mount The kindergarten attack was part of a broader offensive that killed seven people across Ukraine, including a mother and her two young children. More than 20 civilians sustained injuries from the combined missile and drone bombardment that targeted multiple

Financial markets are signaling trouble ahead for Argentina's economy, with investors increasingly betting against the peso despite a massive $40 billion rescue package from the United States designed to support President Javier Milei's administration. Currency Under Pressure Offshore trading patterns reveal that investors expect the Argentine peso to plummet by 12% over the next three months. This projection threatens to undermine one of the central pillars of Milei's econom