Global market volatility and geopolitical turbulence following President Donald Trump’s return to the White House have raised concerns about a potential U.S. recession, but economists like Holger Schmieding of Berenberg Bank believe that a downturn is not imminent. Schmieding labeled Trump as an “agent of chaos and confusion” due to his unpredictable tariff policies, but pointed out that the U.S. economy remains resilient with strong consumer spending, a stable labor market, and potential tax cuts and deregulation on the horizon, reducing the risk of a recession in the near future.
Full Article
Ecuador’s biggest drug lord ‘Fito’ extradited to US, to plead ‘not guilty’ | Drugs News
Ecuadorean gang leader Adolfo Macias Villamar, known as “Fito,” was extradited to the U.S. to face charges of drug and weapons trafficking after escaping from prison in January 2024 and being recaptured in June. He will plead not guilty in federal court in Brooklyn, marking Ecuador's first extradition under new anti-gang laws amid escalating violence linked to drug trafficking. Explain It To Me Like I'm 5: Ecuadorean gang leader Adolfo Macias, also known as "Fito,"...
Read more