Economy – A Roundup of Significant Articles on ForeignAffairs.co.nz for May 3, 2025

Economy: Here is a summary of significant articles published on ForeignAffairs.co.nz on May 3, 2025.

MIL-OSI United Nations: UN Regional Commissions’ High-Level Side Event at CBD COP-16: Key Actions for Interregional and Regional Implementation of the Kunming-Montreal Global Biodiversity Framework
Source: United Nations Economic Commission for Europe The UN Regional Commissions (RCs), with their unique ability to address diverse regional approaches and needs, and their mandate to drive transformative actions, play a crucial role in supporting Member States in achieving the 2030 Agenda, the Biodiversity Plan, the climate agenda, and fostering structural changes in economies and […]

MIL-OSI USA: Ciscomani Stands With the Business Community in Support of Tax Cuts 
Source: United States House of Representatives – Congressman Juan Ciscomani (Arizona) U.S. Chamber, Chamber of Southern Arizona Join Congressman in Roundtable Discussion TUCSON, AZ — Congressman Juan Ciscomani doubled-down today on his commitment to extending federal tax cuts, calling them critical to creating jobs and building a strong, vibrant economy.  At a roundtable discussion with […]

MIL-OSI USA: In Buffalo, Gillibrand Condemns President Trump’s Plan To Eliminate Head Start
US Senate News: Source: United States Senator for New York Kirsten Gillibrand Proposal Would Deprive 50,000 Low-Income Children In New York State Of Critical Early Childhood Education  Today, U.S. Senator Kirsten Gillibrand visited the Ferry Academy Head Start Program to condemn President Trump’s plan to eliminate Head Start. President Trump budget’s request for FY26 reportedly aims to eliminate all funding […]

MIL-OSI Banking: Consumers switch to local products and value alternatives amid rising tariffs and price pressures, says GlobalData
Source: GlobalData Consumers switch to local products and value alternatives amid rising tariffs and price pressures, says GlobalData Posted in Consumer In an increasingly complex global landscape shaped by inflation, rising tariffs, and political volatility, consumer behavior is undergoing a profound transformation. Cost-of-living pressures and trade policy disruptions are not only fueling economic anxiety but […]

MIL-OSI Banking: Influencers sound alarm on US recession driven by tariff-induced economic turmoil, reveals GlobalData
Source: GlobalData Influencers sound alarm on US recession driven by tariff-induced economic turmoil, reveals GlobalData Posted in Business Fundamentals In April 2025, discussions surrounding the recession topic on social media increased by nearly 70% compared to the previous month, driven by growing concerns over economic instability. This marked the highest level of discourse since January […]

MIL-OSI: Abaxx Files Early Warning Report with Respect to Base Carbon
Source: GlobeNewswire (MIL-OSI) TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE: ABXX) (OTCQX: ABXXF) (“Abaxx” or the “Company”) announces today that it has filed an early warning report in respect of its holdings in Base Carbon Inc. (“Base”). On May 2, 2025, Abaxx acquired 3,700,000 common shares of Base by way of […]

MIL-OSI USA: Monopoly Busters Chairs Statement on Apple Ruling
Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington) WASHINGTON, DC — U.S. Representatives Pramila Jayapal (WA-07), Chris Deluzio (PA-17), Pat Ryan (NY-18), and Angie Craig (MN-02), Chairs of the Monopoly Busters Caucus, released the following statement regarding U.S. District Judge Yvonne Gonzalez Rogers holding Apple accountable for anticompetitive conduct. […]

MIL-OSI USA: Warner & Kaine Statement on President’s Budget Request
US Senate News: Source: United States Senator for Virginia Tim Kaine Published: May 02 2025 WASHINGTON, D.C. – Today, U.S. Senators Mark R. Warner and Tim Kaine (both D-VA) released the following statement after President Donald Trump released his Fiscal Year 2026 discretionary budget request to Congress: “The budget the President released today reflects what […]

MIL-OSI USA News: WEEK 15 WINS: President Trump’s 100th Day Marked by More Success
Source: The White House This week, President Donald J. Trump celebrated his 100th day in office — and set the course for the next 100 days of growth, prosperity, and success for the American people. Here is a non-comprehensive list of wins in week 15: The economy added 177,000 new jobs in April, according to […]

MIL-OSI USA: Cassidy Introduces Legislation to Increase Resiliency, Strengthen Louisiana Power Grids
US Senate News: Source: United States Senator for Louisiana Bill Cassidy WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) introduced the Preventing Power Outages Act to strengthen power grids resiliency across the country by reauthorizing two U.S. Department of Energy (DOE) grant programs that help states and utilities invest in modernizing their grid infrastructure. The bill would update these programs to ensure […]

MIL-OSI USA: Statement of U.S. Sens. Mark R. Warner and Tim Kaine on President’s Budget Request
US Senate News: Source: United States Senator for Commonwealth of Virginia Mark R Warner  WASHINGTON – Today, U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) released the following statement after President Donald Trump released his Fiscal Year 2026 discretionary budget request to Congress: “The budget the President released today reflects what we’ve seen […]

MIL-OSI: COMSTOCK RESOURCES, INC. ANNOUNCES DUAL LISTING ON NYSE TEXAS
Source: GlobeNewswire (MIL-OSI) FRISCO, TX, May 02, 2025 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today announced a dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. M. Jay Allison, Chief Executive Officer of Comstock commented, “We are honored […]

MIL-OSI USA: Padilla, Schiff, Torres Slam DHS Immigration Enforcement in Pomona Harming Economy, CA Communities
US Senate News: Source: United States Senator Alex Padilla (D-Calif.) Padilla, Schiff, Torres Slam DHS Immigration Enforcement in Pomona Harming Economy, CA Communities Lawmakers urge DHS to “focus enforcement against those who pose a legitimate risk to public safety and to work with Congress on a pathway to citizenship for the immigrants who are essential […]

MIL-OSI Economics: Total Wireless levels up prepaid market with limited-time switch offer for two lines and kicks off its new “Save 50% Guaranteed” campaign
Source: Verizon Headline: Total Wireless levels up prepaid market with limited-time switch offer for two lines and kicks off its new “Save 50% Guaranteed” campaign NEW YORK – Total Wireless, a leading provider of affordable and flexible wireless plans covered by the Verizon 5G network, today announced a major new limited-time offer: customers who switch […]

MIL-OSI Economics: Offshore Provisions in Reconciliation Framework Key to Energy Security
Source: National Ocean Industries Association – NOIA Headline: Offshore Provisions in Reconciliation Framework Key to Energy Security For Immediate Release: Friday, May 2, 2025NOIA .org Offshore Provisions in Reconciliation Framework Key to Energy Security Washington, D.C. – National Ocean Industries Association President Erik Milito issued the following statement in support of the House Natural Resources […]

MIL-OSI Economics: Fossil Fuel Subsidy Reform Initiative focuses on key areas of 2025 workplan
Source: World Trade Organization Ambassador Clare Kelly of New Zealand, coordinator of the FFSR Initiative, briefed participants on the outcomes of an informal planning meeting of co-sponsors in March, which had taken stock of progress made in 2024 and developed a plan to guide work across the three pillars in 2025. Under the third pillar […]

MIL-OSI USA: Governor Newsom announces new tax credits that will generate $2.1 billion investment in world’s 4th largest economy
Source: US State of California 2 May 2, 2025 What you need to know: As part of the California Jobs First initiative, the state is awarding $30.5 million in tax credits to seven companies committed to creating new jobs and investing over $2.1 billion across key industries like clean energy, advanced manufacturing, logistics, and consumer […]

MIL-OSI Economics: Honoring the cultures of Asian and Pacific Islander communities
Source: Microsoft Headline: Honoring the cultures of Asian and Pacific Islander communities video “Keep growing. Keep finding opportunities. Keep creating innovation because that’s the future.” Drawing empathy from her upbringing in China and her mother’s resilience, Sonja, a product marketing manager at Microsoft, transitioned from banking to tech with a goal in mind: to pioneer […]

MIL-OSI Economics: Prioritizing mental health for successful school communities
Source: Microsoft Headline: Prioritizing mental health for successful school communities Explore resources for Mental Health Awareness Month. Enhance well-being, develop a growth mindset, and support mental health awareness in education. The month of May in the US is dedicated to Mental Health Awareness Month, and it serves as a reminder for all of us to […]

MIL-OSI Economics: Podcast: Jared Spataro on maximizing intelligence on tap
Source: Microsoft Headline: Podcast: Jared Spataro on maximizing intelligence on tap MOLLY WOOD: That was Jared Spataro, Microsoft’s Chief Marketing Officer for AI at Work. Spataro and his team help companies understand how to use AI to solve unique business problems, reduce costs, and drive value. They also use sophisticated research and customer feedback to […]