Author: Silke Mayr

US President Donald Trump said he has no plans to fire Federal Reserve Chair Jerome Powell. This announcement came despite Trump’s long history of criticizing Powell for not cutting interest rates fast enough. Speaking in the Oval Office on Tuesday, Trump said he hopes Powell will “act more quickly” to lower rates but confirmed, “I’m not firing him.” Trump’s comments come at a time when global markets are uneasy due to rising trade tensions and mixed economic signals. His statement about Powell is seen as an effort to calm investors and show leadership stability. Trump Pushes for Lower Rates Trump…

Elon Musk, the CEO of Tesla, announced he will reduce his role in US government work. This comes as Tesla faces big problems. In early 2025, the company reported a drop in earnings and a sharp fall in car sales. Musk had been active in politics through a new group called the Department for Government Efficiency, or “Doge.” He joined this group last year to help cut federal spending and change how public jobs work. But now, he says he will spend much less time on this. Starting next month, Musk will only work one or two days a week…

The US Commerce Department is planning tariffs as high as 3,521% on solar panel imports from Cambodia, Malaysia, Thailand, and Vietnam. This decision targets Chinese solar companies that shifted production to these countries to avoid earlier trade penalties. The move comes after American manufacturers asked the Biden administration to act against unfair trade practices. Chinese Firms Shift Production Abroad In a recent investigation, the Commerce Department found that many Chinese solar firms were using Southeast Asian countries to sidestep US tariffs. These companies set up factories in countries like Cambodia and Thailand but remained under Chinese control. Sky-High Tariffs Based…

President Donald Trump called for urgent interest rate cuts on Monday, blaming Federal Reserve Chairman Jerome Powell for the weakening U.S. economy. Trump, frustrated by recent market losses and rising economic risks, accused Powell of failing to act quickly. In a social media post, he said Powell should cut rates “pre-emptively” to prevent further damage. His statements caused sharp declines in U.S. stock markets and added pressure on the dollar. Trump’s growing tension with Powell has raised fresh concerns about the Federal Reserve’s independence and its role in managing the economy. Trump Demands Swift Action from Federal Reserve In a…

In the high mountains of Gilgit-Baltistan, Pakistan, a new project is bringing hope to both villagers and wildlife. AI-powered cameras are now being used to stop snow leopards from attacking livestock. These smart cameras send warning messages to farmers when a snow leopard enters the area. This helps people move their animals to safety before it’s too late. Snow leopards are powerful cats, but they are shy. Unlike other big cats, they don’t growl. Instead, they purr when people come close. They live in rocky, cold places, and are very hard to spot. That’s why they are called the “ghosts…

DHL Express has paused deliveries of parcels over $800 to the United States, starting this week. The move follows stricter customs rules tied to trade policies introduced during Donald Trump’s presidency. DHL says the paperwork for such shipments has become too complex, causing long delays and rising costs. High-Value Packages Affected From now on, customers worldwide will not be able to use DHL to send packages worth more than $800 to people in the US. This suspension includes personal and online retail deliveries but does not affect shipments between businesses. DHL says this policy will stay in place until further…

On Saturday, thousands of Americans joined the Trump Protest 50501 movement, a nationwide effort to speak out against recent decisions made by President Donald Trump. People gathered in all 50 states, from city centers to Tesla dealerships, calling for unity, justice, and change. Their message was loud and clear: the country must stand up for what’s right. A Historic Date for Protest The protests took place on a symbolic day. April 19 marked the 250th anniversary of the start of the American Revolutionary War. People across the country remembered the fight for freedom in 1775 and used it to inspire…

Elon Musk has moved his businesses from California to Texas. This change is big news for a small place called Bastrop. It is about 30 minutes east of Austin. People there now see new tech buildings rise in their quiet town. A Surprise in the Countryside Drivers who leave the highway and take Farm-to-Market Road 1209 find something new. There are steel buildings and company logos. This was once open land. Now, it is turning into a tech area. Elon Musk wants to make this the heart of his work. His social media company, X, will work from a large…

While US stock markets calmed down this week after sharp swings caused by new trade tariffs, experts are now watching a quieter part of the financial system: the US bond market. This market rarely sees sudden moves, but this time, something unusual happened. Bond prices dropped, and interest rates on US government debt jumped fast. This may not seem important to everyday people, but the bond market often gives early clues about deeper problems in the economy. Some experts say this shift could even push Donald Trump to rethink his tariff plans. What Are Bonds and Why Do They Matter?…

Every iPhone carries a small message: “Designed in California.” But while Apple’s ideas are born in the United States, most of its products are made in China. The iPhone, Apple’s best-selling device, is built with parts made around the world but mostly assembled in Chinese factories. Over 220 million iPhones are made each year. Almost 90% of them are put together in China and then shipped across the ocean to the United States. That global system now faces serious trouble. President Donald Trump has brought back harsh tariffs on Chinese goods. Some of them are as high as 245%. Apple…