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Trump's trade math baffles economists
Trump's trade math baffles economists
by  AFP

Trade economists were scratching their heads on Thursday at the formula used by the White House to measure trade imbalances and inflict punishment on all its global trading partners. Following Trump's trade philosophy, the formula takes a country's trade deficit with the US as evidence of unfairness.

Wall St leads rout as world reels from Trump tariffs
Wall St leads rout as world reels from Trump tariffs
by  AFP

Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war, while the White House insisted the US economy would emerge victorious. The White House said Russia was spared because it is already under sanctions over its war in Ukraine which "preclude any meaningful trade."

Authors hold London protest against Meta for 'stealing' work to train AI
Authors hold London protest against Meta for 'stealing' work to train AI
by  AFP

Around 100 authors on Thursday protested outside the London headquarters of Meta, accusing the US tech giant of "stealing" content to train its Artificial Intelligence models. A Meta spokesperson told the Guardian that "we respect third-party intellectual property rights and believe our use of information to train AI models is consistent with existing law."

Lesotho hardest hit as new US tariffs rattle Africa
Lesotho hardest hit as new US tariffs rattle Africa
by  AFP

The small African kingdom of Lesotho feared the worst for its textile industry Thursday after US President Donald Trump imposed 50-percent tariffs on its imports, the highest for a single nation.