Author: omc_admin

In Sam Rainsy’s April 26, 2025 article, Wall Street: The Last Force That Can Still Restrain President Donald Trump, he paints a captivating but ultimately misleading picture: that the faceless forces of financial capital — embodied in Wall Street — stand as the last check on executive overreach. He points to market turbulence following Trump’s sweeping tariff announcements, Federal Reserve reshufflings, and aggressive “America First” measures as proof that Wall Street disciplines presidential overreach when traditional political institutions fail. His argument, however well-intentioned, rests on a fatally flawed premise: that markets, driven by immediate profit calculations, can serve as guardians…

Donald Trump signed 141 executive orders since returning to the presidency in January, including enacting steep tariffs, ending birthright citizenship, curbing DEI and “gender radicalism” in the military, and pardoning January 6 rioters.The US president promised in his inaugural speech that these orders would amount to a “complete restoration of America”.Here’s what to know about the major executive orders Trump signed in his first 100 days in office.Trade wars and the economyImplementing tariffs on imports from Mexico, China and CanadaThe orders: Trump signed three executive orders on 1 February placing tariffs on Mexico, China and Canada, to begin on 4…

French shipping giant CMA CGM has officially bought Air Belgium, taking over the struggling airline’s brand, four cargo planes, and 124 of its 401 employees. The move gives CMA CGM a stronger presence in Europe and adds a third air cargo hub in Belgium, joining its existing operations in France and the U.S. What’s RelatedCMA CGM confirmed the deal on April 30, stating that the newly acquired aircraft will continue to fly under the Air Belgium name from Brussels and Liège. “The functions of administrative, operational, ground, and flight staff, as well as cockpit crew (all aircraft categories combined), will…

NEW YORK (AP) — Amazon posted higher first-quarter profit and sales that beat analysts’ projections, underscoring the online behemoth’s hold on shoppers looking for low prices and a wide selection in an uncertain economy.The Seattle-based company also reported strong sales growth for its prominent cloud computing arm Amazon Web Services, it said after the market closed Thursday.However, uncertainty about President Donald Trump’s tariffs and consumer spending clouded Amazon’s outlook.Trump’s erratic trade policies — including 145% tariffs on China — have paralyzed businesses and threaten to raise prices and hurt consumers. However, big companies like Amazon are expected to navigate the…

People walk through the hallways at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Amanda Andrade-Rhoades | The Washington Post | Getty ImagesData center demand is not slowing down in the world’s largest market centered in northern Virginia, executives at Dominion Energy said Thursday.Dominion provides electricity in Loudoun County, nicknamed “Data Center Alley” because it hosts the largest cluster of data centers in the world. The utility works closely with the Big Tech companies that are investing tens of billions of dollars in data centers as they train artificial intelligence models.”We have not observed any evidence of slowing…

European budget airline Ryanair threatened to cancel hundreds of orders of Boeing aircraft amid tariffs imposed by the United States, which have driven prices higher and is considering alternative suppliers, including Chinese planemaker COMAC. The news agency Reuters first reported the story on Thursday. The airline had ordered 330 Boeing 737 MAX aircraft – at a list price of more than $30bn. Ryanair’s chief executive Michael O’Leary said in a letter to an undisclosed senior US lawmaker “If the US government proceeds with its ill-judged plan to impose tariffs, and if these tariffs materially affect the price of Boeing aircraft…

Chinese mechanical engineering company LEAD has received a major order from Italian battery manufacturer FAAM. The order includes the delivery of an end-of-line (EOL) for the new 8 GWh LFP factory Teverola 2 near Naples. The end-of-line production steps are considered particularly important in cell production, as this is where the cells are filled with the electrolyte and the decisive formation of the cell (the first charging) and the final inspection take place. FAAM relies on LEAD machines for this. “The system is designed to meet the most stringent efficiency, safety, and quality standards, giving FAAM a strong competitive edge…

Skycharger will set up two public charging hubs for electric trucks in Southern California, an effort supported with funds from the California Energy Commission. The two locations, specifically Kettleman City, CA and Lebec, CA, will offer charging rates of at least 200 kW and will be able to charge 64 electric trucks simultaneously. Moreover, each site will be equipped with 5.1 MW of solar power and 8 MWh of battery energy storage to minimise the impact on the grid and secure operationality. As mentioned above, Skycharger has received a $10 million award from the California Energy Commission (CEC) to build the two sites…

Daily Light Crude Oil Futures Dip-buyers entered the market around the $56.30 level, offering some intraday support. But without follow-through buying above $59.67, the rally lacks conviction. A sustained move above this threshold could trigger momentum toward the next technical target at $63.06. Conversely, renewed weakness below $59.67 opens the door for a potential slide to $54.48. Stronger U.S. Equities Provide Short-Term Lift Oil prices were buoyed by a broader rally in U.S. equities, driven by upbeat earnings from tech giants Meta and Microsoft. This helped ease some market anxiety over the health of the U.S. economy and counterbalance bearish…

The International Monetary Fund (IMF) has downgraded its economic growth forecast for the oil exporters in the Middle East to 2.3% from 4% expected in October, due to the slide in oil prices.“Across the region, rising trade tensions and policy uncertainty are adding to the impact of conflicts and extended oil production cuts to weaken growth prospects,” the IMF said on Thursday in its Regional Economic Outlook for the Middle East and Central Asia.The IMF expects oil prices to decline in 2025 to $66.90 per barrel, nearly $6 below the October projection, “as the gradual phase-out of OPEC+ oil production…