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London CNN — President Donald Trump might want a new, “America First” world, but in the race to control inflation the United States may actually come last. That’s because, while his tariff hikes are widely expected to jack up prices at home, they could lower inflation across the pond. The reasons are multiple, ranging from a possible influx of low-priced Chinese exports into Europe to the recent rise in the value of the euro. Aside from the benefit to consumers’ pockets, lower inflation will give European policymakers room to cut interest rates if the economy needs a helping hand —…
New York CNN — Many Americans might not have felt major effects from President Donald Trump’s sweeping tariffs — until now. That’s because a major shipping loophole expired at one minute past midnight on Friday. The de minimis exemption, as it’s known, allowed shipments of goods worth $800 or less to come into the United States duty-free, often more or less skipping time-consuming inspections and paperwork. The loophole helped reshape the way countless Americans shop, allowing ultra-low-cost Chinese e-commerce sites like Shein, Temu and AliExpress to pour everything from yarn to patio furniture, clothes to photography equipment and more into…
Check out what’s clicking on FoxBusiness.com. The Six Flags theme park with the oldest roller coaster across all its properties is closing later this year after Six Flags Entertainment Corporation decided it is no longer “a strategic fit with the company’s long-term growth plan.” Six Flags America and Hurricane Harbor in Bowie, Maryland, which rebranded and opened as a Six Flags property in 1999, will operate for the final time on Nov. 2. “As part of our comprehensive review of our park portfolio, we have determined that Six Flags America and Hurricane Harbor are not a strategic fit with the company’s long-term growth…
London CNN — Mo Abudu has a vision for Africa’s creative economy, and the next stage will start in an old theater in South London. The Nigerian media mogul plans to turn the building into a hub for Nigerian food, culture and cinema. Abudu has built a media empire across Africa, with a mission to give the continent a platform on the global stage. “For me it was just about ensuring that we have a voice,” she told CNN’s Larry Madowo. Abudu first found fame in 2006 as the host of the Nigerian talk show “Moments with Mo,” before starting…
Washington CNN — The Trump administration this week continued digging in on its claim that symbols tattooed on the fingers of Kilmar Abrego Garcia – a cross, a skull, a smiley face and a marijuana leaf – are proof that the man they wrongly deported to El Salvador is a member of MS-13. But gang experts disagree, telling CNN that the tattoos alone are not proof of membership in the gang. “I see a bunch of symbols that could be interpreted any number of ways,” Jorja Leap, a University of California, Los Angeles professor who has served as an expert…
Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. CNN — Stored in a church crypt in a remote Alpine village, a set of unusually well-preserved human remains has long been a rich source of rumor and speculation. Local lore suggested the mummified body, thought to be that of an 18-century clergyman who succumbed to an infectious disease, had been recovered from a grave a few years after death and transferred to the crypt at St. Thomas am Blasenstein, a church in a village north of the Danube River in…
Editor’s Note: Featuring the good, the bad and the ugly, ‘Look of the Week’ is a regular series dedicated to unpacking the most talked about outfit of the last seven days. CNN — Dress for the job you want? If that’s the case, one might wonder what the stars are trying to tell us with their embrace of big shoulders and skirt-suits that seem more fitting for the boardroom than an off-duty afternoon. Miley Cyrus is the latest in a slew of celebs opting for power dressing outfits, defined by exaggerated shoulders and sharp tailored cuts. Among her several statement-making…
Reuters — Germany’s domestic intelligence agency on Friday classified the far-right Alternative for Germany (AfD) as an extremist entity that threatens democracy, a move enabling it to better monitor the party that came second in February’s federal election. The BfV agency’s finding, based on a 1,100-page expert report, that the AfD is racist and anti-Muslim allows the authorities to increase surveillance of the party, including by recruiting confidential informants and intercepting communications. The stigma could also hamper the party’s ability to attract members, while public funding could be at risk. The AfD, which currently tops several opinion polls, condemned the…
CNN — President Donald Trump announced Thursday that he would nominate national security adviser Mike Waltz to serve as UN ambassador, after widespread reports that Trump planned to oust him, in the first major staff shakeup since the president took office in January. The president said Secretary of State Marco Rubio would replace Waltz in the prior role on an interim basis. “Mike Waltz has worked hard to put our Nation’s Interests first. I know he will do the same in his new role,” Trump wrote on Truth Social. “In the interim, Secretary of State Marco Rubio will serve as…
CNN — President Donald Trump signed an executive order Thursday directing the Corporation for Public Broadcasting to end federal funding for America’s two biggest public broadcasters, which have faced a series of attacks from the White House and Republican lawmakers accusing them of biased reporting. The order instructs the CPB’s board to terminate direct funding for National Public Radio and the Public Broadcasting Service to the “maximum extent allowed by law and shall decline to provide future funding.” It also orders the board to take steps to “minimize or eliminate” indirect funding to NPR and PBS. The corporation, however, is…