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The Latest Breaking News from International Business Times

WTO Chief Warns On Trump Tariffs: 'Catastrophic. Everyone Will Pay'

The World Trade Organization's director-general, Ngozi Okonjo-Iweala, urged countries to not retaliate against president Donald Trump's tariffs, saying it could cause "catastrophic" outcomes for growth.

International Business Times

US Falling Behind On Wind Power, Think Tank Warns

The United States is falling behind the European Union in the rollout of wind power and risks being overtaken by China, a think tank said Thursday, days after Trump announced a crackdown on new wind projects.

International Business Times

CNN To Slash 200 Jobs Amid Streaming Overhaul

US news network CNN will shed six percent of staff, some 200 people, the outlet said Thursday as it embarks on a major shakeup of staffing and programming amid a deluge of political news.

International Business Times

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Trump Secretary of Defense Nominee Pete Hegseth's Ex-Wife Told FBI 'He Drinks More Often Than He Doesn't,' Source Says

Pete Hegseth's Secretary of Defense nomination faces controversy as FBI interviews with his ex-wife and allegations of excessive drinking and misconduct raise serious questions during his confirmation process.

International Business Times

Trump's Bid to Kill Birthright Citizenship Blocked By GOP-Nominated Judge: 'This Is Blatantly Unconstitutional'

On Thursday a federal judge in Seattle temporarily blocked President Trump's executive order to end birthright citizenship.

International Business Times

Amazon Closing Quebec Operations After Workers At Warehouse Unionize

A union official accused the online retail giant of closing the seven facilities to curb unionizing efforts in the province.

International Business Times

Sacklers, Purdue To Pay $7.4 Bn Over Opioid Crisis

Several US states have reached a $7.4 billion settlement with the Sackler family and their pharmaceutical company Purdue over the opioid crisis that has ravaged the lives of millions of Americans, officials said Thursday.

International Business Times

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Adidas To Cut 500 Corporate Jobs: Company Structure 'Too Complex'

The chief executive officer Bjoern Gulden of Adidas AG will cut 500 roles based at its headquarters in Herzogenaurach as the company outperformed projected sales for the retro sneakers.

International Business Times

Rubio Chooses Central America For First Trip Amid Panama Canal Pressure

Marco Rubio will pay his first trip as US secretary of state to Central American nations including Panama, where President Donald Trump has threatened to seize the Panama Canal, a spokeswoman said Thursday.

International Business Times

Germany Knife Attack On Children Reignites Pre-vote Migrant Debate

A deadly knife attack on a kindergarten group in Germany, where an Afghan man was arrested at the scene, reignited a bitter immigration debate Thursday, a month before elections.

International Business Times

Trump Supporter Who Cheered Firing Of National Security Staffers Pleads For Help After Wife Has VA Job Rescinded Due To Hiring Freeze

John Basham of Texas pleaded with Trump and Sen. Ted Cruz to intervene in what he believes is an 'unintended consequence' of the executive order.

International Business Times

Some Walmart Supervisors Could Bring Home $600K This Year

Walmart is raising the salary for its market managers from $570,000 up to a maximum of $620,000 annually.

International Business Times

Trump Tells Bank Of America CEO Banks Are Rejecting MAGA Customers: 'Open Your Banks To Conservatives'

President Trump claims that conservatives are not allowed to do business with some banks.

International Business Times

Japan Sees Record High Exports - Companies Rushing To Beat Potential Trump Tariffs May Be Why

The president says he may impose 25% tariffs on Mexico and Canada, as well as a 10% levy on Chinese goods.

International Business Times

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International Business Times

Calls For Calm, Pope On AI, Milei On Musk: What Happened At Davos Thursday

There is a buzzword at the annual meeting of the world's elites in the Swiss luxury resort of Davos: tariffs, although artificial intelligence has been another big theme.

International Business Times

Hibatullah Akhundzada: Afghanistan's Reclusive Taliban Leader

Secluded in his stronghold in southern Afghanistan, reclusive Taliban Supreme Leader Hibatullah Akhundzada is the cornerstone of the movement that has ruled the country unchallenged since reclaiming power in 2021, strictly enforcing Islamic law.

International Business Times

Protestors Project 'Heil Tesla,' Image of Infamous Elon Salute Onto Gigafactory in Germany

Protesters in Europe projected the words "Heil Tesla" and the image of Elon Musk performing the infamous saluting gesture onto Tesla's Gigafactory in Germany.

International Business Times

More People Are Only Paying The Minimum Payment As Credit Card Balances Rise

Higher interest rates that increase borrowing costs appear to be creating a growing financial strain on consumers.

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International Business Times

West Africa Juntas Tighten Screws On Foreign Mining Firms

Earlier this month, soldiers swooped by helicopter into a vast mining complex in western Mali and made away with three tonnes of gold -- all done on the orders of the military government.

International Business Times

Kremlin Says Trump's Sanctions Threat Is Nothing New: 'We Don't See Any New Elements Here'

Spokesman Dmitry Peskov said the president used similar demands during his first term in the White House

International Business Times

Saudi Arabia Promises $600 Billion In US During Trump's Term

Saudi Arabia plans to invest $600 billion in the United States over the next four years.

International Business Times

Cruise Company Forced To Apologize After Employees Dressed Up As 'Upside Down Snow Cones' Mistaken for KKK Members

A cruise company was forced to apologize after employees dressed up as "upside down snow cones" were mistaken for KKK members in videos shared online.

International Business Times

Trump Suggests Eliminating FEMA: 'I'd Rather See The States Take Care Of Their Own Problems'

The president blasted Democrats for their response to natural disasters and said the federal agency is 'getting in the way of everything'

International Business Times

UK To Make Case To Trump Against Whisky Tariff: Finance Minister

Britain will make the case to US President Donald Trump that Scotch whisky and other goods should be spared from any tariffs by the new administration, UK finance minister Rachel Reeves said Thursday.

International Business Times

After Musk Gesture, Activists Project 'Heil' On Tesla Plant

Political activists in Germany said Thursday they had projected an image of Elon Musk's infamous raised-arm salute and the word "Heil" onto the outside of his Tesla plant.

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