WASHINGTON (AP) – Looking back on the first year of his second term, President Donald Trump boasts that he has resurrected the American economy by imposing big import taxes on foreign products. He made his case in a recent opinion piece in The Wall Street Journal, chiding the paper and critics, including mainstream economists, who predicted that tariffs would backfire, raising prices and threatening growth. “Instead,” he wrote, “they have created an American economic miracle.”
A federal jury this week found Uber to be legally responsible in a 2023 case of sexual assault – ordering the rideshare giant to pay $8.5 million to a woman who said one of its drivers raped her during a trip using the platform.
BRUSSELS (AP) – The European Union’s executive arm proposed further sanctions against Russia on Friday over the Ukraine war, including a ban on shipping services that help Moscow’s oil industry and measures targeting the country’s financial services and trade sectors.
LAS VEGAS (AP) – Elon Musk’s “Vegas Loop,” a network of underground tunnels to ferry passengers in Teslas, was under fresh scrutiny this week from Nevada lawmakers who raised concern about alleged workplace safety and environmental violations.
CAPE TOWN, South Africa (AP) – China and South Africa signed a framework agreement for a new trade deal on Friday as Africa’s leading economy looks to other options following the high import tariffs imposed on it by the U.S. and its diplomatic fallout with the Trump administration.
The price of bitcoin continued its monthslong slide Thursday, falling another 11% to $67,000, its lowest level in 15 months. The original cryptocurrency, pitched as “digital gold,” has lost 46% of its value since Oct. 6, when it hit a record high of $126,210.50, according to crypto trading platform Coinbase. As of 10:30 a.m. EST Thursday, its price had dipped to $67,245.
TOKYO (AP) – Sony’s profit in the last quarter surged 11% on healthy global sales, prompting the Japanese entertainment and electronics company to raise its full year profit forecast. Tokyo-based Sony Group Corp. said Thursday that it recorded an October-December net profit of 377.3 billion yen ($2.4 billion), up from 341 billion yen the year before.
LONDON (AP) – The European Union on Friday accused TikTok of breaching the bloc’s digital rules with “addictive design” features that lead to compulsive use by children, in preliminary charges that strike at the heart of the popular video sharing app’s operating model.
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