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Bloomberg
3 hours ago
- Bloomberg
Could the EU Use Its Trade Weapon of Last Resort Against the US?
Could the European Union use its most powerful trade weapon against the US? Alberto Nardelli explains why the threat of US tariffs has some members talking about deploying the bloc's 'anti-coercion instrument." (Source: Bloomberg)

USA Today
4 hours ago
- USA Today
After $220 million Columbia deal, Trump promises more to come
After commending Columbia University for "agreeing to do what is right," President Trump indicates his pressure campaign to reshape prestigious colleges isn't stopping any time soon. WASHINGTON – After announcing a $220 million deal with Columbia University to restore its federal funding, President Donald Trump indicated his pressure campaign to reshape prestigious colleges isn't stopping anytime soon. Not long after the settlement was reached, he wrote on his social media platform that similar agreements with "Numerous other Higher Education Institutions that have hurt so many, and been so unfair and unjust, and have wrongly spent federal money, much of it from our government, are upcoming." Columbia, a selective and wealthy Ivy League school in New York City, on July 23 agreed to pay more than $220 million in fines over several years to the government for allegedly violating federal civil rights laws. Last year, the campus became the epicenter of student protests related to the Israel-Hamas war. At the time, the tense environment drew nationwide concern over a spike in antisemitic and anti-Muslim incidents. The heightened scrutiny also focused the ire of many conservative politicians, who have long accused higher education more broadly of being too left-leaning. Read more: How Columbia University became the epicenter of disagreement over the Israel-Hamas war Trump's criticisms of the campus, however, have extended far beyond its compliance with antidiscrimination protections. In March, he demanded that the school overhaul its hiring, admissions and teaching practices. Columbia's president, Claire Shipman, said the university would appoint an independent monitor to oversee the campus in conjunction with federal officials, and to ensure administrators are abiding by the terms of the deal. The 22-page agreement contains sweeping concessions from the college, including handing over admissions data to the independent monitor, new faculty appointments, conducting reviews of some academic departments and more greatly scrutinizing foreign student enrollment. In return, the Trump administration promised to reroute more than $400 million in paused federal funding, largely for research, back to the college. In an interview on CNN the morning after the arrangement was announced, Shipman indicated billions more dollars were at stake. "It's not just money for Columbia," she said. "This is about science. It's about curing cancer, cutting edge, boundary breaking science that actually benefits the country and humanity." The unprecedented agreement came weeks after the administration struck a separate accord with the University of Pennsylvania in Philadelphia, another member of the Ivy League, to unfreeze $175 million in return for apologizing to swimmers who competed against a transgender athlete years ago. "I also want to thank and commend Columbia University for agreeing to do what is right," Trump wrote. "I look forward to watching them have a great future in our Country, maybe greater than ever before!" Zachary Schermele is an education reporter for USA TODAY. You can reach him by email at zschermele@ Follow him on X at @ZachSchermele and Bluesky at @
Yahoo
5 hours ago
- Yahoo
Zaporizhzhia companies to produce components for mines
Zaporizhzhia Oblast will start large-scale production of components for anti-personnel mines. Source: Ivan Fedorov, Head of Zaporizhzhia Oblast Military Administration, on Telegram Details: Fedorov noted that the launch of the production became possible after President of Ukraine Volodymyr Zelenskyy signed the law on the termination of the Ottawa Convention on the Prohibition of Anti-Personnel Mines. Quote from Fedorov: "Zaporizhzhia Oblast immediately responds to the initiative – the production of components for anti-personnel mines will be launched in the near future." Details: He noted that the oblast plans to produce tens of thousands of components every month. Quote from Fedorov: "Thanks to the use of modern technologies, we plan to produce anywhere from 1,000 to 2,000 components daily. Thus, the monthly production volume will exceed 50,000 components." "All the components will be used to strengthen the Zaporizhzhia front and become part of a powerful mechanism to destroy the occupier." Background: Ukraine has deregulated the explosives market and is preparing to issue grants for powder factories. Ukrainian Defence Industry JSC is gradually moving to the production of 60-mm mortar shells. Ukraine covers 40% of the defence forces' needs thanks to the domestic defence industry and has increased weapons production many times over. Ekonomichna Pravda also wrote that thousands of Ukrainians print spare parts and finished products for the needs of the defence forces on personal 3D printers. Support Ukrainska Pravda on Patreon! Solve the daily Crossword