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World Economic Forum
National Interest
Trump Drops Greenland Tariff Threats After EU Freezes US Trade Deal (
Update
)
President Donald Trump has backed away from imposing new tariffs tied to his push to annex Greenland, after European Union leaders paused approval of a major trade deal with the US. Trump announced the retreat from his latest tariff threat in a post on his social media platform Truth Social on Wednesday, Jan. 21. He previously threatened a 10% duty on many European countries, including Denmark, France, Norway, and the United Kingdom, with an escalating 25% tariff if a deal for the US to buy Greenland wasn't reached by Monday, June 1. The 10% tariffs were expected to go i…
National Interest
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction
The Federal Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates. After three months of reductions, the Fed decided to keep the key interest rate target at 4.25 to 4.5 percent. The Fed announced the decision on Wednesday, Jan. 29, after its first meeting since President Trump returned to the White House. Chair Jerome Powell said the Fed is monitoring inflation and economic stability under the Trump administration. "We remain committed to supporting maximum employment, bringing inflation sustain…
Wilton, CT
On Your Side
AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years
Nearly half of companies worldwide are planning to cut jobs within the next few years as artificial intelligence (AI) reshapes industries and automates millions of positions, according to a new global report. The World Economic Forum’s "Future of Jobs Report 2025" outlines the seismic shifts AI will bring to the global workforce, revealing both challenges and opportunities: Job Displacement: The report says 41 percent of companies intent to downsize their workforce globally between 2025 and 2030, particularly in industries reliant on routine and manual tasks such as manufacturing, customer …
Torrington, CT
Your Community
Covid-
19: Will You Get A Coronavirus Vaccine? Here's Percentage Who Said Yes In New Survey
Based on a survey of 20,000 worldwide conducted by the World Economic Forum, about three-quarters of people say they would get a COVID-19 vaccine if one was available. Among that 74 percent, 37 percent "strongly agree" that they will get a vaccine, while 37 percent somewhat agree. In the United States, 67 percent of those polled would get an inoculation against COVID-19 if one were available. The most common concern amongst those who had trepidations about a vaccine were possible side effects. Except for the U.S., all of the countries most willing to take a vaccine are t…
