Thursday, January 22, 2026

Trump Pauses EU Tariffs Following NATO Deal

President Donald Trump said he will not impose tariffs on European countries that had been scheduled to take effect on February 1 after he and NATO Secretary General Mark Rutte “formed the framework of a future deal” covering Greenland and “the entire Arctic Region.” Trump framed the outcome as a NATO-wide win and tied the […]

Tesla Disputes Reports of 1,700 Job Cuts at German Factory

Tesla employed 10,703 workers at its Berlin-area factory as of January 2026, down approximately 1,700 from the 12,415 listed two years earlier, according to internal documents cited by German business newspaper Handelsblatt. The 14% workforce decline at the Grünheide plant comes from documents prepared for upcoming works council elections scheduled for March. Tesla denied the […]

Sweden’s Largest Pension Fund Dumps $8.8B in US Bonds

Sweden’s largest private pension fund has divested up to $8.8 billion in US Treasuries, marking the most significant withdrawal yet from American government bonds since President Donald Trump’s Greenland crisis erupted. Alecta, which manages retirement savings for 2.8 million Swedes and 37,000 companies, sold most of its US Treasury holdings since early 2025 citing “increased […]

Japan Brings Back Largest Nuclear Plant Unit

The world’s largest nuclear power plant restarted a reactor Wednesday in north-central Japan for the first time since the 2011 Fukushima disaster, marking Tokyo Electric Power Company’s first return to nuclear generation since the meltdowns. TEPCO said operators at Kashiwazaki-Kariwa’s No. 6 reactor initiated the process toward criticality Wednesday evening, beginning a nuclear chain reaction […]

Kazakhstan Oilfield Declares Force Majeure After Major Plant Fire

Kazakhstan’s Tengizchevroil (known as TCO), operator of the Tengiz and Korolevskoye oilfields and led by Chevron, shut in production after a power-related fire and then declared force majeure on CPC Blend supplies, saying it could not specify how long the disruption might last. The country’s energy ministry said a special commission is investigating the causes […]

Carney Drafts Auto Plan To Win Back Canadian Assembly Plants

Prime Minister Mark Carney’s government is drafting an Auto Plan that gives better market access to companies that build vehicles in Canada, positioning the policy as a direct counter to US efforts to pull factories out of Canada and into the US. The strategy is expected to be unveiled by Industry Minister Mélanie Joly in […]

Trump Backs Down on Europe Tariffs After Market Rout, Reviving ‘TACO’ Trade

Wall Street’s TACO playbook scored another win Wednesday when President Donald Trump suspended threatened tariffs against eight European countries after markets suffered their worst selloff in three months. The reversal came less than 24 hours after the S&P 500 plunged 2.1% — wiping out more than $1.2 trillion in value — following Trump’s refusal to […]