Trump Accuses Obama of Treason Over 2016 Election Allegations
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Bloomberg
a minute ago
- Bloomberg
Europeans, Not Trump, Ended Up Chickening Out
Donald Trump's world tour of arm-twisting on trade has landed its latest deal: A 15% baseline tariff on European Union goods, lowered from the recently threatened 30%, in return for an apparent smorgasbord of continental investments into the US and huge purchases of energy and military equipment. Japan sealed a similar deal last week while pushing back on some extravagant Trumpian claims. 'It was the best we could get,' European Commission President Ursula von der Leyen said. Many will agree with her. The US is the EU's biggest trade partner and a dominant defense and technology supplier – a spiral of tit-for-tat tariffs is something Europeans simply can't afford, as LVMH Moet Hennessy Louis Vuitton SE boss Bernard Arnault said last week. Sealing the deal before the Aug. 1 deadline at a level big companies say they find 'manageable' is market positive, lifting the tariff fog and avoiding a worst-case scenario drag on euro zone gross domestic product of 1.2%, according to Barclays Plc. From German autos to French aerospace, transatlantic trade is looking a little less stuck.
CBS News
4 minutes ago
- CBS News
Tesla camera captures video of suspects stealing safe from Woodland Hills home
Cameras on a Tesla captured the moments that two suspects allegedly took off with a safe they stole from a home in Woodland Hills on Sunday. Los Angeles police say that the burglary was reported just after 7 p.m. in the 4800 block of Canoga Avenue. The video shows two men, one wearing a black hoodie and black jeans, and the second wearing a gray sweatshirt with red pants, as they hurry away from a block of homes towards a black Mercedes-Benz. The second suspect can also be seen hauling what looks to be a safe. After they load the safe into the back of their vehicle they began to flee, but the Tesla driver followed them for a short distance, according to the driver. They said that once the suspects appeared to notice they were being followed, they performed a quick u-turn, which caused them to clip another vehicle. A neighbor who witnessed the crash said that the suspects sped from the area despite the tire being damaged in the collision. "He literally took off full speed, skidding with the tire track," said the neighbor. No injuries were reported in the incident and no arrested have been announced by police.
Bloomberg
4 minutes ago
- Bloomberg
Budapest's Most Historic Site Gets a Controversial Rebuild
Thanks to US President Donald Trump, historic revival architecture has returned to the news this year. In January, the president signed an executive order demanding that all new federal buildings respect 'traditional and classical architectural heritage' in their design — reflecting a wider right-wing trend associating revivalist architecture with conservative values. This push for new-old buildings is global: In Dresden, Germany, whole sections of the city's historic center have been rebuilt to resemble the city's pre-World War II self, a form of project being repeated across Germany, Russia and France. Often these initiatives are promoted both by mainstream right-wing parties such as Germany's CDU, and through culture war agitation from figures on the far right. Perhaps the most high-profile example of this phenomenon is underway in the Hungarian capital of Budapest, where the government of Prime Minister Viktor Orban is rebuilding the Buda Castle district, a complex of ornate 19th century palaces and buildings on a fortified hill commanding the heights above Budapest. The project, initially estimated at $590 million but likely to cost far more, has been billed as restoring the area to its prewar glory. But critics have pointed out that the revamp — referred to as the National Hauszmann Program — is anything but historically accurate.
