Treasury imposes restrictions on the remaining tax credits for wind and solar energy
The Treasury Department provided updated guidance on Friday, limiting the scope of wind and solar energy projects eligible for tax credits that were mostly revoked under the recent legislation known as the “big and beautiful bill,” pushed by Republicans. This law, which was passed last month, focuses on credits for projects that won’t start generating […]
NCAA imposes significant fines and suspensions on Michigan in college football update
NCAA Fines Michigan Football Program Over Sign Stealing Scandal The NCAA has taken action against the Michigan football program, imposing a significant fine and a suspension related to a sign-stealing scandal. Michigan is facing a fine that could exceed $20 million, which will also include losses in football revenue spanning the next two seasons. As […]
Trump’s Treasury Department Imposes Sanctions on ‘Narco-Rapper’ El Makabelico for Laundering Streaming Profits to Mexican Drug Lords
US Blacklists Members of Cartel del Noreste Amid Drug Crackdown On August 7, the US government imposed sanctions on three prominent figures from the Cartel del Noreste (CDN), as part of a broader effort to combat drug trafficking alongside immigration enforcement. The Treasury announced on Wednesday the targeting of Abdon Federico Rodriguez Garcia, the CDN’s […]
Putin challenges NATO’s Article 5 by launching drone strikes before Trump imposes sanctions
A few days before the U.S. imposed stringent new sanctions that contributed to the Ukraine conflict, Russian President Vladimir Putin seemed to test NATO’s Article 5, which assures collective defense. This could have been either intentional or just careless. Recently, drones launched from Belarus, aligned with Russia, entered Lithuania’s airspace, raising concerns among local military […]
U.S. Treasury Imposes Sanctions on Los Zetas Rapper and Other Cartel Figures
The U.S. Treasury has sanctioned three leaders of Los Zetas, a notorious cartel, alongside a well-known narco rapper who has celebrated their activities in his music. One of these newly sanctioned leaders was formerly a police officer in Tamaulipas who was secretly involved in cartel operations while still on duty. On Wednesday, U.S. Treasury Secretary […]
US imposes sanctions on ‘narco-rapper’ El Makabelico for laundering streaming earnings to violent Mexican drug lords
US Treasury Sanctions Mexican Drug Cartel Leaders WASHINGTON – On Wednesday, the US Treasury Department sanctioned a high-ranking member of a notorious Mexican drug cartel, allowing him to continue trafficking fentanyl into the United States. Additionally, a well-known rapper believed to be funding this cartel with over half of his earnings was also targeted. The […]
Colombia Imposes 12 Years of House Arrest on Former Conservative President Álvaro Uribe
Colombian court Judgment Former President Álvaro Uribe has been sentenced to house arrest for 12 years due to charges related to manipulating home arrests and bribing public officials. Moreover, Uribe is barred from public office for 100 months and 20 days, and he faces a fine of 2,420 minimum wages, translating to 3.4 billion Colombian […]
Trump Imposes Sanctions on Palestinian Authority and Prevents Officials from Attending UN Meeting on ‘Palestinian State’
President Trump’s administration has imposed sanctions on the Palestinian authorities and the Palestinian Liberation Organization (PLO) due to their efforts to pursue statehood without a formal agreement with Israel, as dictated by U.S. law. This has been a longstanding U.S. policy, as outlined in the Middle East Peace Commitment Act and other regulations, which require […]
Trump Imposes 25 Percent Tariff on India, ‘Punishment’ for Supporting Russia
US Imposes Tariffs on India Amid Trade Concerns The US plans to apply a 25% tariff on goods from India, which will also include a “penalty” related to India’s continued military purchases and energy deals with Russia during the ongoing Ukraine conflict, as stated by President Donald Trump on Wednesday. Trump remarked, “India is our […]
Trump imposes a 25% tariff on India to sway Russia.
Trump Imposes Tariffs on India President Donald Trump announced significant tariffs on India, specifying the rationale behind these new penalties. In his announcement, he highlighted a report noting that tariffs have generated $150 billion in government revenue by raising trade barriers with various countries. On Wednesday, the president targeted India specifically with substantial tariff increases. […]