Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Tue, Feb 04, 2025 12:51 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Markus Wagner

Associate Professor of Law, University of Wollongong
Markus Wagner is Associate Professor of Law at the University of Wollongong School of Law. Prior postings included Warwick Law School and the University of Miami. He finished his legal studies in 2002 and obtained a master's degree in international law in 2005, both from the Faculty of Law at the University of Giessen / Germany. From 2002 to 2005, he worked at the Max Planck Institute for Comparative Public Law and International Law in Heidelberg / Germany, during which time he also served as legal counsel for the Permanent Mission of Germany to the United Nations in New York. In 2006, he graduated from Stanford Law School with an LL.M. degree. Professor Wagner subsequently clerked for then-President of the Supreme Court of Israel Aharon Barak and starting in 2007 worked for the Brussels office of WilmerHale. Professor Wagner currently serves as the Associate Editor for the Journal of World Investment and Trade (JWIT) and sits on the advisory boards of the International Journal of Law in Context and the Göttingen Journal of International Law (GoJIL).

Trump’s 25% tariffs on Canada and Mexico amp up the risk of a broader trade war

Feb 03, 2025 11:00 am UTC| Insights & Views Politics Economy

Its official. On February 1, US President Donald Trump will introduce a sweeping set of new 25% tariffs on imports from Canada and Mexico. China will also face new tariffs of 10%. During the presidential campaign, Trump...

Key trade rules will become unenforceable from midnight. Australia should be worried

Dec 10, 2019 05:15 am UTC| Insights & Views Economy

An important part of the World Trade Organization will cease to function from midnight. December 10 is when the terms of two of the remaining three members of its Appellate Body expire. It is meant to have seven. The...

Economy

Dollar Surges as Trump Imposes New Tariffs, Global Markets React

The U.S. dollar soared to a three-week high after President Donald Trump imposed new trade tariffs, fueling demand for the greenback as a safe-haven asset. At 04:30 ET (09:30 GMT), the Dollar Index rose 1% to 109.305,...

Australian Retail Sales Dip in December After Black Friday Surge

Australias retail sales slipped 0.1% in December, following a 0.7% jump in November, as consumers slowed spending after Black Friday splurges. The decline, however, was less than the 0.7% drop analysts expected, thanks to...

Scholz Warns Against Trade Barriers as EU Eyes Response to U.S. Tariffs

German Chancellor Olaf Scholz cautioned against trade barriers on Sunday, emphasizing the benefits of globalization after U.S. President Donald Trump imposed tariffs on Mexico, Canada, and China. While Trump has threatened...

South Korea’s Retail Sales Decline Amid Political Unrest and Weak Consumer Spending

South Koreas retail sales fell 0.6% in December, marking the fourth consecutive month without growth as weak consumer spending and political turmoil dampened demand, government data showed Monday. The downturn followed...

Mexico Strikes Back with Tariffs as Trade War Escalates with U.S.

Mexican President Claudia Sheinbaum has announced retaliatory tariffs in response to the U.S. imposing 25% tariffs on all Mexican imports. In a post on X, Sheinbaum emphasized her preference for dialogue but stated that...

Politics

Elon Musk Leads Trump’s Government Cost-Cutting, Targets USAID Shutdown

Billionaire Elon Musk, leading President Donald Trumps effort to downsize the federal government, announced plans to shut down the U.S. Agency for International Development (USAID). Speaking on X, Musk called the agency...

Denmark Rejects U.S. Bid for Greenland, Calling It 'Not for Sale'

Danish Prime Minister Mette Frederiksen has firmly rejected any notion of selling Greenland, following reports that former U.S. President Donald Trump was interested in acquiring the Arctic island. Speaking ahead of an...

Pentagon Prioritizes Border Security as Defense Secretary Visits Mexico Border

U.S. Defense Secretary Pete Hegseth will visit the U.S.-Mexico border on Monday in his first trip since taking office, reinforcing the Pentagons commitment to border security under President Donald Trump. The...

Elon Musk Leads Trump’s Cost-Cutting Effort Amid Treasury Access Concerns

Billionaire Elon Musk, CEO of Tesla (NASDAQ: TSLA) and SpaceX, is spearheading U.S. President Donald Trumps initiative to shrink the federal government. On Monday, Musk will provide an update on the Department of...

Trump Administration Exempts Public Safety Workers from Early Retirement Program

The Trump administration announced that federal employees in public safety roles, including air traffic controllers, are exempt from a new financial incentive to resign. While the White House introduced a deferred...

Science

South African telescope discovers a giant galaxy that’s 32 times bigger than Earth’s

Inkathazos glowing plasma jets are shown in red and yellow. The starlight from other surrounding galaxies can be seen in the background. K.K.L Charlton (UCT), MeerKAT, HSC, CARTA, IDIA, CC BY You may not know it, but right...

It’s science, not fiction: high-tech drones may soon be fighting bushfires in Australia

Picture this. Its a summer evening in Australia. A dry lightning storm is about to sweep across remote, tinder-dry bushland. The next day is forecast to be hot and windy. A lightning strike tonight could spark a fire that...

Earth is bombarded with rocks from space – but who gets to keep these ultimate antiques?

Every day, about 48.5 tonnes of space rock hurtle towards Earth. Meteorites that fall into the ocean are never recovered. But the ones that crash on land can spark debates about legal ownership. Globally, meteorite hunting...

Most of us trust scientists, shows a survey of nearly 72,000 people worldwide

Public trust in scientists is vital. It can help us with personal decisions on matters like health and provide evidence-based policymaking to assist governments with crises such as the COVID pandemic or climate change. In...

Astronauts on NASA’s Artemis mission to the Moon will need better boots − here’s why

The U.S.s return to the Moon with NASAs Artemis program will not be a mere stroll in the park. Instead it will be a perilous journey to a lunar location representing one of the most extreme environments in the solar...

Technology

Taiwan Bans Chinese AI Startup DeepSeek Over Security Concerns

Taiwan has officially banned government agencies from using Chinese AI startup DeepSeek, citing national security risks. Premier Cho Jung-tai announced the decision during a cabinet meeting, emphasizing the need to protect...

TSMC Stock Plunges as AI Developments Shake Global Chip Market

Taiwan Semiconductor Manufacturing Co. (TW:2330) shares tumbled 6.6% on Monday as local markets reopened after a week-long break, reacting to a global sell-off in semiconductor stocks. The Taiwan Weighted Index (TWII)...

Japan Weighs AI Growth and Energy Demand Amid DeepSeek’s Emergence

Japans Ministry of Economy, Trade, and Industry (METI) acknowledges concerns about rising electricity demand due to data center expansion but says its too early to predict the impact of AI innovations like DeepSeek. In...

OpenAI Launches Deep Research Mode to Revolutionize AI-Powered Internet Research

OpenAI has introduced a groundbreaking feature for ChatGPT called Deep Research, designed to perform complex, multi-step internet research. Announced during a livestream, this advancement pushes AI closer to agentic AI,...

OpenAI Battles ANI Lawsuit in India Amid Copyright Dispute

OpenAI is contesting a copyright lawsuit in India, arguing that local courts lack jurisdiction over its U.S.-based operations. The case, filed by Indian news agency ANI, accuses OpenAI of using copyrighted content without...