Browsing Tag

loom

Impending Job Cuts Loom in Lesotho as U.S. Tariffs Take Their Toll

In a chilling warning, labor unions have revealed that up to 20,000 jobs in Lesotho hang in the balance, driven by the looming threat of a staggering 50 percent tariff hike from the United States. This situation brings to mind George Bernard Shaw’s words: “Progress is impossible without change.” Yet, for many in Lesotho, change feels more daunting than progressive. Until the Trump administration's controversial imposition of new tariffs, Lesotho enjoyed duty-free status under the African Growth and Opportunity Act—an…

Pharmaceutical Industry Enjoys Temporary Relief from Tariffs, but Challenges Loom Ahead

In recent weeks, there has been considerable speculation surrounding the impact of Donald Trump’s significant tariff policy shift on the pharmaceutical sector. It was somewhat surprising to discover that drug products were notably absent from the 20% tariffs set to apply to exports from the EU to the US. Tánaiste Simon Harris has indicated that the White House may soon introduce measures specifically targeting pharmaceutical products, potentially in the coming weeks. “We are keeping a close eye on these developments,”…

Trump Administration Withdraws $400M in Columbia Funds, More Cuts Loom

Columbia University Faces Federal Funding Cuts Amidst Controversy In a surprising twist last Friday, the Trump administration announced its decision to cut approximately $400 million worth of federal contracts and grants to Columbia University. This substantial figure accounts for nearly 8% of the university’s current $5 billion portfolio in federal grant commitments. A bold move, isn’t it? Yet, it wasn't entirely unexpected given the atmosphere of heightened scrutiny towards educational…

Navy clashes loom as Ethiopia and Egypt struggle over Nile dam

Military clashes loom as Ethiopia and Egypt fight over Nile dam ADDIS ABABA - Ethiopia's decision to resume filling the Grand Renaissance dam along the Blue Nile has exacerbated tensions between Cairo and Addis Ababa, in a conflict that could reach new heights unprecedented in modern history in the Horn of Africa. Ethiopia has already officially notified Egypt that it has resumed filling the…

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