The Trump administration on Monday announced that it would close the office of the Palestinian Liberation Organization’s delegation in Washington, D.C. In an announcement, the State Department said the closure was in response to what it called the PLO’s failure “to advance the start of direct and meaningful negotiations with Israel.” It also expressed concerns over the PLO’s efforts to have the International Criminal Court investigate Israel for war crimes. The closure of the office, which functioned as a de facto embassy, is the latest in a series of moves by the Trump administration that have strained ties with the [...]
On Monday, Argentine President Mauricio Macri announced he would further slash budgetary spending and reimpose previously discontinued agricultural export taxes, in an effort to stave off an ongoing currency crisis that has seen the Argentine peso plummet since December. The new measures are an effort to regain investor confidence and secure an enhanced bailout package from the International Monetary Fund. Despite a June deal with the IMF for a $50 billion credit line, Argentina’s currency has continued to depreciate, with the peso tumbling to new lows in the past week. Argentina’s liquidity crisis is the result of a perfect storm [...]
The Trump administration on Tuesday unveiled its proposal to relax environmental regulations on coal-burning power plants across the United States. The Environmental Protection Agency’s Affordable Clean Energy rule would roll back the Obama-era Clean Power Plan, which had placed stricter national pollution standards on power plants in an effort to reduce carbon emissions and push American utility companies away from coal and toward natural gas and renewable energy sources, such as wind and solar. It is the Trump administration’s biggest move yet to boost the American coal industry. But according to the EPA’s own analysis, the new rule could lead [...]
