Justin Trudeau said he is stepping down as Canada’s Prime Minister and the leader of the ruling Liberal Party. He intends to leave office once a new ruling party leader is chosen. Trudeau made the announcement Monday, Jan. 6, after reports said he was expected to announce his resignation that week. “Every morning I’ve woken…

President-elect Donald Trump’s controversial economic agenda includes raising tariffs on Chinese, Mexican and Canadian goods, extending expiring tax cuts, and potentially introducing new tax breaks. Economists have warned that these policies could drive inflation. Additionally, Trump’s promised crackdown on suspected illegal immigrants, including many who work for U.S. companies, may exacerbate shortages in the labor…

President Joe Biden banned new offshore oil and gas drilling across 625 million acres of U.S. waters. The decision, enacted under the Outer Continental Shelf Lands Act, restricts future leases along the East and West coasts, the eastern Gulf of Mexico and parts of Alaska’s Northern Bering Sea. Biden cited risks to public health, the…

President Joe Biden plans to visit New Orleans during the week of Jan. 6 as the city begins to recover from the bloody attack that shook its streets on New Year’s Day. Bourbon Street, the site of the attack, was reopened to tourists Thursday, Jan. 2, with the area cleared in an effort to restore…

The Treasury Department issued final requirements for the Clean Hydrogen Tax Credit, part of the Biden administration’s decarbonization efforts, after more than two years of debate. The final rules are less strict than the proposal, allowing existing nuclear plants to count as zero-emissions energy if at risk of retirement.The rules provide clarity on tax credits…

Morgan Stanley announced it is leaving the Net-Zero Banking Alliance, Bloomberg reported. The investment banking company joined Citigroup, Bank of America, Goldman Sachs and Wells Fargo in exiting the group. “Morgan Stanley has decided to withdraw from the Net-Zero Banking Alliance. Morgan Stanley’s commitment to net-zero remains unchanged. We aim to contribute to real-economy decarbonization…

During his New Year address, Chinese President Xi Jinping called on his country to remain confident in the world’s second-largest economy. Meanwhile, he also warned of “uncertainties in the external environment” just weeks ahead of President-elect Donald Trump’s inauguration. China’s economy is struggling, impacted by weak consumption and a real estate crisis. “The current economic…

Canada will preside over the G7 in 2025, leading seven advanced economies amid global political instability. Global Affairs Canada has so far stated that the country aims to advance common priorities like fighting climate change and managing technology as its goal for 2025.Canadian Prime Minister Justin Trudeau has pledged to support research on artificial intelligence…

Fiji police are investigating separate incidents of theft and sexual assault involving two Virgin Australia crew members during a layover in the early hours of New Year’s Day, according to statements from Fiji authorities and the airline. The incidents occurred in Nadi, a popular tourist destination and home to Fiji’s main international airport. Acting Police…

The World Health Organization is once again asking China to share data on the origins of the COVID-19 virus that changed society, five years since the start of the pandemic in Wuhan. On Dec. 31, 2019, a WHO office in China noted a cluster of so-called “pneumonia” cases, which turned out to be COVID-19. About three…