x01a Research Archives

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NUUK, Greenland — Denmark’s prime minister has told the U.S. during a visit to Greenland that “you cannot annex another country,” even with the argument that international security is at stake.

U.S. Secretary of State Marco Rubio, meanwhile, said on Friday that Copenhagen “should focus on the fact that the Greenlanders don’t want to be a part of Denmark.”

Danish Prime Minister Mette Frederiksen was wrapping up a three-day visit to the strategically critical Arctic island on Friday as U.S. President Donald Trump seeks control of Greenland. He argues that Greenland, a semiautonomous territory belonging to the Kingdom of Denmark, is critical to U.S. security.

A week ago, Vice President JD Vance visited a remote U.S. military base in Greenland and accused Denmark of underinvesting in the territory.

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HONG KONG — Shares slid further in Europe and Asia on Friday as markets shuddered while investors counted the potential costs of U.S. President Donald Trump’s latest set of tariffs.

The future for the S&P 500 lost 0.8% while that for the Dow Jones Industrial Average shed 1%.

Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies has fallen. Even gold, a traditional safe haven that recently hit record highs, pulled lower after Trump announced his “Liberation Day” set of tariffs, which economists say carries the risk of a potentially toxic mix of weakening economic growth and higher inflation.

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The growing policy uncertainty and weakening economic conditions alone may already be causing some of this to occur.

Since Trump took office, companies have canceled, delayed, or scaled back at least nine US “clean energy supply chain” developments or operations, according to the Big Green Machine, a database maintained by Jay Turner, a professor of environmental studies at Wellesley College, and student researchers there. The projects that have been affected represent some $8 billion in public and private investments, and more than 9,000 jobs.

They include KORE Power’s planned battery facility in Arizona, which the company halted; Envision Automotive Energy Supply’s paused expansion in Florence County, South Carolina; and Akasol’s closure of two plants in Michigan.

VW also scaled back production at its recently expanded EV factory in Chattanooga, Tennessee, amid slower-than-expected growth in sales and, perhaps, the expectation that the Trump administration will strive to roll back consumer tax credits for vehicle purchases.

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U.S. and Chinese military officials have met for their first working-level talks since U.S. President Donald Trump took office for the second time, with the two sides sharing their respective concerns over military safety on the seas.

The U.S. Indo-Pacific Command said in a statement that the talks, held Wednesday and Thursday in the eastern Chinese city of Shanghai, were focused on “decreasing the incidences of unsafe and unprofessional” actions by China’s naval and air forces.

The Chinese defense ministry said it pointed out that U.S. military ships and aircraft have been conducting “reconnaissance, surveys and high-intensity drills in the sea and air spaces around China, which are prone to cause misunderstandings and miscalculations and jeopardize China’s sovereignty and military security.”

China told the U.S. that it would continue to “respond to all dangerous provocative actions” and “resolutely safeguard national territorial sovereignty and maritime rights and interests,” the ministry statement said.

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Trump’s sweeping tariffs sent shockwaves through Wall Street, wiping about $3.1 trillion in market value in its largest one-day decline since the Covid pandemic.

The Dow Jones Industrial Average dropped 4 percent. The S&P 500 fell 4.8 percent.

And the tech-focused Nasdaq was down 6 percent — fuelled by declines from Apple, Nvidia and Amazon.

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The New York stock exchange has closed on its worst day of trading since June 2020 – during the early months of the Covid-19 pandemic.

The main indices saw their worst one-day falls in five years as Donald Trump claimed that “the markets are going to boom” in response to his sweeping tariffs.

The S&P 500 index is down 4.9% at the close, which Reuters flags is the biggest one-day drop since June 2020.

The Dow has also posted its biggest one-day drop since June 2020, down 4%.

Meanwhile, the Nasdaq tumbled 5.9%, its worst single-day performance since March 2020.

The scale of the sell-off, wiping trillions of dollars off the value of US companies, highlights just how alarmed investors are by the tariffs, and the fears they could lead to a recession.

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Professor Jose Felipe Alvergue, head of the University of Wisconsin-Eau Claire English Department, has been placed on administrative leave after allegedly flipping over a table set up by the university’s College Republicans.

The incident occurred Tuesday morning, a special Election Day in Wisconsin, as members of UW-Eau Claire’s College Republicans set up an informational table advocating for conservative Wisconsin Supreme Court candidate Brad Schimel and superintendent candidate Brittany Kinser.

“A professor came up and flipped our table in a violent attack towards us,” Tatiana Bobrowicz, the CR chapter chair, stated in a video posted to social media following the incident. “This is unacceptable.”

According to a statement issued by Interim Provost Michael Carney, administration quickly placed Alvergue on administrative leave pending a formal investigation.