United States officials have criticized Canada’s decision to allow imports of Chinese electric vehicles (EVs), warning that the move could have negative implications for North American auto markets. The announcement comes after Canadian Prime Minister Mark Carney struck a deal with Beijing to reduce tariffs on Chinese EVs. Canada-China EV Deal On Friday, Carney announced

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Venezuela’s Defense Ministry has confirmed that 47 Venezuelan soldiers, including nine women, were killed during a U.S. military operation in Caracas on January 3 that resulted in the abduction of President Nicolás Maduro and his wife, Cilia Flores. The total number of casualties in the raid has now been revised to 83, including 32 Cuban

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Torrential rains across Southern Africa have claimed the lives of more than 100 people, leaving hundreds of thousands displaced and triggering massive rescue operations. Governments in Mozambique, South Africa, and Zimbabwe are grappling with the aftermath of the flooding, as weather authorities warn that more destructive rains may still be on the way. Devastating Rains

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Federal Reserve Vice Chair Philip Jefferson publicly expressed strong support for Fed Chair Jerome Powell on January 16, 2026, calling him “of the highest integrity” in response to recent actions by the U.S. Department of Justice (DOJ). Jefferson’s remarks underscore confidence in Powell’s leadership and the independence of the Federal Reserve amid political pressure. Jefferson

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U.S. banks are confronting a complex political and financial dilemma following President Donald Trump’s call to cap credit card interest rates at 10% for one year, a move that has stirred concern among industry leaders and investors alike. The announcement, made on January 10, 2026, has left banks scrambling to determine how to respond amid

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The United States and Slovakia signed a landmark agreement on January 16, 2026, to advance cooperation on Slovakia’s civil nuclear energy program, a strategic initiative aimed at reducing the Central European country’s reliance on Russian-designed reactors and strengthening European energy security. New U.S.-Designed Nuclear Unit Planned Under the agreement, Slovakia will develop a state-owned 1,200-megawatt

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Venezuela’s government is taking decisive steps to inject U.S. dollars into its struggling economy by allocating $300 million in oil proceeds to four major local banks, enabling them to sell the hard currency on the domestic exchange market and help companies pay for crucial imports, according to financial sources and analysts. Oil Revenue Set to Reach

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HDFC Bank, India’s largest private-sector lender by market capitalization, reported higher-than-expected quarterly profit for the three months ended December 31, 2025, driven by strong loan growth and improving lending margins. The Mumbai-based bank posted a standalone net profit of 186.53 billion Indian rupees ($2.06 billion), up 11.5% from 167.35 billion rupees a year earlier. Analysts

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Canada’s housing market showed stronger-than-expected performance in 2025, with housing starts rising 5.6% to 259,028 units, according to data released Friday by the Canada Mortgage and Housing Corporation (CMHC). The figure marks the fifth-highest annual level of housing starts on record, reflecting a resilient construction sector despite broader affordability challenges. December Housing Starts Surpass Forecasts

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