Trump Engages with World Leaders Amidst Economic and Human Rights Concerns
Washington D.C. – Former President Donald Trump engaged with world leaders while his actions and policies continued to be scrutinized on the global stage. A meeting between Trump and Colombian President Gustavo Petro at the White House concluded with an agreement to tackle drug trafficking, despite months of hostile exchanges between the two leaders, according to The Guardian. This occurred against a backdrop of a new report highlighting concerns about human rights and a "democratic recession" worldwide.
The meeting between Trump and Petro marked a significant shift from their previous relationship, which had been characterized by insults. The Guardian reported that the meeting ended with "pleasantries, autographs and a Maga cap."
Meanwhile, a report by Human Rights Watch (HRW) indicated a global "democratic recession," with nearly three-quarters of the global population living under autocratic rule, levels not seen since the 1980s, according to The Guardian. The report also cited abuses led by Trump, along with actions by Russia and China, as threats to the global rules-based order.
In economic news, Walmart became the first traditional retailer to reach a $1 trillion market valuation, propelling it into a small group dominated by tech firms, BBC Business reported. This milestone reflected the US retail giant's booming e-commerce business and success in attracting price-conscious shoppers. Wall Street has also responded enthusiastically to its investments in artificial intelligence (AI). The company's share price rose by more than 3% on Tuesday, according to BBC Business.
Also, the price of gold experienced fluctuations, rebounding above $5,000 an ounce after the US downed an Iranian drone, BBC Business reported. The precious metal, seen as a "safe haven" for investors, had been propelled to record highs by changes in US trade policy, geopolitical uncertainty, and central bank purchases of bullion. Wednesday's jump left the price of gold around $80 higher than the same time a year ago.
In other news, prediction markets allowed individuals to bet on various events, including political events. The Guardian reported that someone placed a series of bets that Donald Trump would oust Venezuelan leader Nicolás Maduro on a prediction market platform, netting them nearly $500,000 when it happened.
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