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Bank of Canada Cuts Rates, Warns of Economic Shock From Trade Conflict
The Bank of Canada reduced its benchmark policy rate by a quarter-point to 3%, marking its sixth consecutive rate cut. Governor Tiff Macklem warned of a significant economic shock resulting from a U.S.-Canada trade conflict, with potential tariffs of up to 25% set by President Trump. The central bank faces challenges in balancing weaker growth with higher prices due to the trade conflict. Despite recent economic rebound signs, growth fueled by aggressive rate cuts could be jeopardized if tariffs are imposed. The central bank’s forecast anticipates 1.8% growth in 2025 and 2026, but a tariff-driven trade conflict could lead to a recession and heightened inflation. Canada has vowed retaliatory measures and plans fiscal support for affected workers and industries.
Atomic Scientists Adjust ‘Doomsday Clock’ Closer Than Ever to Midnight
Atomic scientists moved the “Doomsday Clock” to 89 seconds before midnight, the closest it has ever been, highlighting the heightened risk of global catastrophe. Key contributing factors include Russia’s nuclear threats amid its invasion of Ukraine, military developments in artificial intelligence, and climate change impacts. The Bulletin of the Atomic Scientists urges global leaders, especially the United States, China, and Russia, to prioritize international dialogue and cooperation to avert potential disasters. The ongoing conflict in Ukraine, Russia’s nuclear strategy revision, and regional instabilities heighten nuclear risks. Advancements in AI could pose significant threats if misused, while climate change exacerbates natural disasters. Despite advancements in renewable energy, efforts to mitigate climate risks remain insufficient.
Trump Signs Executive Order to Restrict Medical Treatments for Transgender Children, Teens
President Trump signed an executive order to limit access to gender-affirming treatments for transgender minors, including puberty blockers and hormone therapies, and to exclude these treatments from military health insurance coverage. The order also urges the Department of Health and Human Services to restrict access potentially by withholding Medicare and Medicaid funds. This directive aligns with Trump’s campaign pledge to roll back transgender rights. Proponents argue it protects youth from irreversible consequences, while opponents, including medical associations and transgender rights advocates, warn it risks increasing harm to transgender youth, such as depression and suicide. Additionally, Trump mandated that transgender status be deemed incompatible with military service standards, a move being legally contested by transgender service members.
U.S. Senate Democrats Block Bill to Sanction International Court Over Israel
U.S. Senate Democrats blocked a Republican-led bill named the “Illegitimate Court Counteraction Act,” which proposed sanctions against the International Criminal Court (ICC). The vote was 54-45, missing the required 60 votes to advance. This act aimed to sanction anyone investigating, arresting, or prosecuting U.S. citizens or allies, such as Israel, involved with the ICC. The bill emerged from the ICC issuing arrest warrants for Israeli Prime Minister Netanyahu and former defense minister Yoav Gallant over alleged war crimes in Gaza. Republicans accused the ICC of political bias against Israel. The bill’s future remains uncertain, especially with President Trump considering other avenues like executive orders for sanctions.
Trump Invites Israel’s Netanyahu to Meet with Him at the White House Next Week
President Donald Trump has invited Israeli Prime Minister Benjamin Netanyahu to the White House next week, marking the first visit of a foreign leader since the beginning of his second term. This meeting comes as the United States pressures Israel and Hamas to maintain a ceasefire initiated after a devastating 15-month war in Gaza. On February 4, Netanyahu will seek to strengthen alliances and discuss military support and efforts to counter Iran. Meanwhile, more than 375,000 Palestinians have returned to northern Gaza due to the ceasefire, despite the devastation. The ceasefire includes exchanges of hostages and prisoners, with releases planned in the coming days. An influx of humanitarian aid continues, with approximately 4,200 trucks loaded with supplies having already entered Gaza.
Hamas Will Free 3 Israelis and 5 Thais in Next Hostage Release Thursday
Hamas will release three Israeli hostages, including two women and an 80-year-old man, as well as five Thai nationals on Thursday as part of a ceasefire deal with Israel. This follows an agreement where Hamas is releasing hostages in exchange for nearly 2,000 Palestinian prisoners held by Israel. The ceasefire paused the 15-month war in Gaza that began after a 2023 attack by Hamas. The situation remains tense with ongoing negotiations mediated by the Biden administration, and President Trump’s direct involvement. This includes Trump’s controversial suggestion that Egypt and Jordan take in displaced Palestinians, which both countries have rejected. The war has resulted in significant casualties and destruction in Gaza. Further hostage and prisoner releases are scheduled, with additional exchanges planned for Saturday.
Jim Acosta, Prominent Trump Critic, Leaves CNN
Jim Acosta, a longtime reporter and anchor at CNN, is leaving the network after 18 years. Acosta, known for his critical stance against President Donald Trump, especially during Trump’s first term, announced his departure on his show, “CNN Newsroom.” He reflected on his notable career moment questioning the Castro regime about political prisoners during Obama’s visit to Cuba in 2016. Acosta emphasized the importance of the press in holding power accountable and warned viewers about navigating news during Trump’s second administration. His exit coincides with CNN’s recent layoffs and restructuring, which will see “The Situation Room” replace Acosta’s 10 a.m. slot. Trump mocked Acosta’s departure on Truth Social. Acosta, while not responding directly, urged viewers to stand for truth and hope against lies and fear. He plans to announce his future plans soon.
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Murder Suspect Sought Marriage License with Woman Charged in Border Patrol Shooting
A man accused of murder in California sought a marriage license with Teresa Youngblut, who faces weapons charges related to the fatal shooting of U.S. Border Patrol Agent David Maland in Vermont. The connections between the individuals involved are under investigation.
Deported Colombian Migrants Complain of ‘Despotic, Humiliating’ Treatment
Colombian migrants deported from the U.S. have reported mistreatment by authorities upon arrival in Bogotá. Detained shortly after crossing the U.S.-Mexico border, many described their treatment as despotic and humiliating, including insults and confiscation of personal belongings. U.S. officials have denied any misconduct, stating they are strictly enforcing the law.
White House Rescinds Order to Freeze Federal Aid Funding
The Trump administration has reversed its decision to pause federal grants and loans after widespread confusion and a temporary block by a federal judge. The initial order had impacted programs linked to President Trump’s executive orders, including DEI initiatives and the Green New Deal. The rescindment followed legal challenges and concerns over essential services.
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