Category: 4-FrequentNewsStreams

From the BBC World Service: After nearly a decade of negotiations, the European Union and Indonesia have agreed to a trade deal, in part to offset some of the effects of Trump's tariffs. Then, Nigeria has cut interest rates for the first time in five years. Plus, India has reduced taxes on everyday items to counteract the effects of U.S. tariffs, and the UK government says it saved around $600 million last year using artificial intelligence to combat fraud.

Tony Pietrocola, president of the cybersecurity company AgileBlue, says cybercriminals are using artifical intelligence to generate deepfake video and audio calls, making the cyber threats more sophisticated and harder to catch.

President Trump announced an extraordinary shift in policy on Ukraine. He has previously suggested Ukraine would have to give up territory to make peace, but today he said it could win back areas occupied or annexed by Russia since 2014. Trump made the announcement as he delivered the first speech to the United Nations of his second term. Nick Schifrin reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

The Trump administration moved forward today with its overhaul of H-1B visas for highly skilled foreign workers. The president is proposing a $100,000 fee for anyone applying for the visa. The plan is sparking concern as employees and companies that rely on the workers race to understand the consequences. William Brangham has two perspectives on the plan from Justin Wolfers and Ronil Hira. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Newly appointed Fed governor Stephen Miran has argued the federal funds rate should be a full two percentage points lower than its current level. A major cut like that could lower bond yields and reduce borrowing costs, spurring spending. But longer-term, inflation would likely balloon. After that: Auto dealers face new obstacles as EV tax credits end, a traveling nurse navigates frequent moves, and U.S. economic growth is “more resilient than expected," according to an OECD report.

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President Trump is not a fan of the United Nations—he made that clear in his speech to the United Nations General Assembly today. Under Trump, the United States has pulled back from several efforts, including U.N. organizations, that have contributed to the country’s so-called soft power goals. On the show today, Joshua Eisenman, professor of politics in the Keough School of Global Affairs at the University of Notre Dame, joins Kimberly to discuss the changing role of the U.S. in global politics and how China is seizing this moment to gain more influence.

Here’s everything we talked about today:

• "Trump tells UN in speech that it is 'not even coming close to living up' to its potential" from AP News
• "Geopolitics of Trump Tariffs: How U.S. Trade Policy Has Shaken Allies" from Council on Foreign Relations
• "How China Stands to Gain as the U.S. Steps Away From the U.N." from The New York Times

• "The Global South Won't Give Up on China" from Foreign Relations

  
  

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A surprising trend in the job market is worrying economists. College-educated people are making up a larger subset of people who are unemployed for six months or longer. Automation, shrinking industries and federal cuts play a role. In the Loop digs into the issue with New York Times reporter Noam Scheiber and DePaul University professor of economics Brian Thompson. For a full archive of In The Loop interviews, head over to wbez.org/intheloop.

Economist Stephen Miran is now temporarily on the Federal Reserve's Board of Governors. Miran wants steeper rate cuts, arguing that stricter controls at the borders and deportations will free up housing, make it less expensive, and keep a lid on inflation at a time of tariffs. We'll discuss what the data says about his claims. Also: growing threats to undersea data cables and an update on the cyberattack affecting Jaguar and Land Rover production.

The newest member of the Federal Reserve Board of Governors — close ally of President Donald Trump, Stephen Miran — made his case for more (and larger) interest rate cuts in a speech yesterday at the Economic Club of New York. He argued that the president's policies will push prices down, so the Fed doesn’t have to worry that lowering interest rates will spark inflation. Plus, entrepreneurship could suffer following the Trump administration's new $100,000 fee for H-1B visas.

From the BBC World Service: Hong Kong International Airport is halting flights on Tuesday as the Asian financial hub braces for one of the strongest super typhoons it's seen in years. Then, would you move back to your hometown for a 25% tax cut? Cyprus is hoping this proposal will tempt some of its diaspora to return. And later, Singaporean shipping company X-Press Feeders refused to pay damages for causing the worst environmental disaster in Sri Lankan history.