NuseReal
Headlines for internationalists
Major news
South Korea president Yoon Suk Yeol removed from office after court upholds impeachment — 4 April 2025 (LINK)
— The court said Yoon had 'committed a grave betrayal of the trust of the people' over his ill-fated declaration of martial law in December.
Oil set for worst week in months over Trump's tariff blow — 4 April 2025 (LINK)limited
Truth Social Moved to sell stock right before Trump's tariffs were announced — 3 April 2025 (LINK)
Musk shuts down exit rumors as Tesla falls on weak quarter. Both Musk and the White House confirmed his role is capped at 130 days, putting his exit date at May 30. — 3 April 2025 (LINK)
Ukraine war briefing: Kyiv solving its troop shortages, says top US general in Europe: what we know on day 1,136 — 3 April 2025 (LINK)
The Trump administration has fired the director and deputy director of the National Security Agency, the United States' powerful cyber intelligence bureau, according to members of the Senate and House intelligence committees — 3 April 2025 (LINK)
The U.S. Department of Health and Human Services (HHS) fires entire staff of programme that helps low-income people afford heat and air conditioning — 2 April 2025 (LINK)
— A press release from the agency said that HHS was letting go of 10,000 people on top of another 10,000 staffers who were lost to prior efforts to reduce jobs.
Swiss Sustainable Finance Annual Report 2024 — 3 April 2025 (LINK)
Insights from 10 SSF Companions — (LINK)
SSF launches new Swiss Platform for Impact Investing — (LINK)
Breaking news
China imposes a 34% tariff on imports of all U.S. products starting April 10 — 4 April 2025 (LINK)
Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street: futures warn of more losses today — 4 April 2025 (LINK)
— The S&P 500 and the Dow Jones industrial average are on track to drop 0.7%, while Nasdaq future are down 0.5%. That would add to the hefty losses yesterday, when the S&P 500 slumped 4.8% in its worst session since June 2020.
— Bloomberg: Billionaires lost $208bn yesterday as stocks plunged. Meta founder Mark Zuckerberg was the biggest loser in dollar terms, with the social media company's 9% slide costing its chief executive officer $17.9bn, Bloomberg reports. Jeff Bezos lost $15.9bn in personal wealth, as Amazon shares plunged 9% yesterday. Elon Musk lost $11bn, taking his losses so far this year to $110bn.
IMF warns Trump tariffs 'a significant risk' to global economy: Kristalina Georgieva says it is important that US and trading partners avoid escalating trade war — (LINK)
Donald Trump's eponymous meme coin dropped to $9 per token from its all-time high of nearly $75: a new all-time low, about 10 weeks after its launch. — 3 April 2025 (LINK)
€380bn EU exports subject to new tariffs, accounting for 70% of bloc's exports to US, commissioner says — 3 April 2025 (LINK)
— Pharmaceuticals could be next to face tariffs, EU officials fear.
Russia not on Trump's tariff list: US media quotes the White House press secretary as saying this is because of sanctions on Moscow, noting that Cuba, Belarus and North Korea were also not includeds. — 3 April 2025 (LINK)
CNN: These are the hardest-hit US trading partners under Trump's tariffs — 3 April 2025 (LINK)
— CNN: Trump pitched the tariff as "reciprocal", where the rates would be based on the tariff rate that trading partners charge the United States when factoring in currency manipulation and other trade barriers. But that is not the case. Instead the reciprocal rates follow a simple formula: a country's trade deficit divided by its exports to the United States, then halved.
— For example, America's trade deficit with China in 2024 was $295.4 billion, and the United States imported $439.9 billion worth of Chinese goods. That means China's trade surplus with the United States was 67% of the value of its exports — a value the Trump administration labeled as "tariff charged to USA". Half of that 67% rate is the 34% reciprocal tariff rate set for China.
Reason: Trump's new tariffs on these 3 countries look particularly foolish: Singapore, Brazil, and Vietnam — 4 April 2025 (LINK)
— Singapore charges zero tariffs on most U.S. imports. America runs a trade surplus with Brazil. Manufacturers in China had relocated to Vietnam. Trump 1 regarded that shift as proof that his tariffs were successful. Now Trump has slapped a 46 percent tariff on all goods from Vietnam.
Techdirt: Trump declares a trade war on uninhabited islands, US military, and economic logic — 3 April 2025 (LINK)
— "The policy, unveiled yesterday afternoon, is called a 'reciprocal tariff plan', which is a bit like calling a hammer a 'reciprocal pillow'. The premise is that since other countries have high tariffs on us (they don't), we should have high tariffs on them (we shouldn't)."
— "A bunch of places show a flat 10% tariff rate. That's what happens when a 'country' has no trade with the US at all. e.g. The Heard and McDonald Islands. Total population: zero human beings. The only residents are some absolutely stunning penguins. e.g. the 'British Indian Ocean Territory', also known as the Chagos Islands. Nearly all of the humans currently on these islands are US military personnel at the Diego Garcia base."
Switzerland holds back on countermeasures in face of Trump's 31% trade tariff — 3 April 2025 (LINK)
— Swiss exports are expected to be subject to additional tariffs of 10% from Saturday (5 April) and a further 21% from Wednesday (9 April). "The calculations of the US government are not comprehensible to the Federal Council," a government statement said.
— According to the Federal Council, important export products such as machinery, watches and agricultural goods such as coffee capsules, energy drinks, cheese and chocolate will be affected by the additional tariffs. However, no additional tariffs are currently planned for exports from the pharmaceutical industry.
Swiss stock market plunges 1.69% after Trump's tariff offensive — 3 April 2025 (LINK)
Trump tariff global reaction, country by country — (LINK)
— Canada has been exempted from the latest tariffs but still faces 25% levies on steel and aluminum, as well as on automobiles, which came into effect at midnight eastern time. Prime minister Mark Carney said that he would "fight these tariffs with countermeasures" and "build the strongest economy in the G7".
Federal judge says she will temporarily block billions in health funding cuts to states: plans to grant the court order sought by 23 states and the District of Columbia. — 3 April 2025 (LINK)
Major news
South Korea president Yoon Suk Yeol removed from office after court upholds impeachment — 4 April 2025 (LINK)
— The court said Yoon had 'committed a grave betrayal of the trust of the people' over his ill-fated declaration of martial law in December.
Oil set for worst week in months over Trump's tariff blow — 4 April 2025 (LINK)limited
Truth Social Moved to sell stock right before Trump's tariffs were announced — 3 April 2025 (LINK)
Musk shuts down exit rumors as Tesla falls on weak quarter. Both Musk and the White House confirmed his role is capped at 130 days, putting his exit date at May 30. — 3 April 2025 (LINK)
Ukraine war briefing: Kyiv solving its troop shortages, says top US general in Europe: what we know on day 1,136 — 3 April 2025 (LINK)
The Trump administration has fired the director and deputy director of the National Security Agency, the United States' powerful cyber intelligence bureau, according to members of the Senate and House intelligence committees — 3 April 2025 (LINK)
The U.S. Department of Health and Human Services (HHS) fires entire staff of programme that helps low-income people afford heat and air conditioning — 2 April 2025 (LINK)
— A press release from the agency said that HHS was letting go of 10,000 people on top of another 10,000 staffers who were lost to prior efforts to reduce jobs.
Swiss Sustainable Finance Annual Report 2024 — 3 April 2025 (LINK)
Insights from 10 SSF Companions — (LINK)
SSF launches new Swiss Platform for Impact Investing — (LINK)
Miscellaneous
Extreme rainfall brings potentially deadly flooding to parts of central US already slammed by storms: forecasters are using statistical terms, such as 1-in-25-year, 1-in-100-year, and even 1-in-1000-year events, to describe their rarity. — 4 April 2025 (LINK)
Yale fires Iranian legal scholar amid review of possible ties to 'sham charity' for designated Palestinian terror group — 3 April 2025 (LINK)
Trump administration lifts sanctions on wife of Putin ally Boris Rotenberg as it imposed sanctions on six other Russian individuals and entities. — 3 April 2025 (LINK)
— The official government notice of Rotenberg's removal as a sanctioned person did not provide a reason. Rotenberg, a 46-year-old Russian-born dual citizen of the United States, was placed on OFAC's specially designated nationals list in March 2022 along with her billionaire oligarch husband, Boris Rotenberg, and their sons, Roman and Boris. The action came weeks after Russia invaded Ukraine. It is rare for an American citizen to be placed on a U.S. sanctions list.
— "Arkady Rotenberg and Boris Rotenberg have provided support to Putin's pet projects by receiving and executing high price contracts for the Sochi Olympic Games and state-controlled Gazprom," OFAC said in its announcement at that time. "They have made billions of dollars in contracts for Gazprom and the Sochi Winter Olympics awarded to them by Putin," OFAC said. "Both brothers have amassed enormous amounts of wealth during the years of Putin's rule in Russia."
— "The Rotenberg brothers received approximately $7 billion in contracts for the Sochi Olympic Games and their personal wealth has increased by $2.5 billion in the last two years alone," OFAC said.
— Boris and Arkady are childhood friends of Putin.
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