economic catastrophe
Coverage of economic catastrophe in the Nexus archive.
- Trump defends peace deal with Iran to avoid "economic catastrophe"
US President Donald Trump defended his decision to reach a peace deal with Iran, stating it was necessary to avoid an 'economic catastrophe'. He referenced former President Herbert Hoover, who was in office during the 1929 market crash, and acknowledged previous controversy over his focus on preventing Iran from acquiring a nuclear weapon rather than considering financial impacts.
- Trump justifies Iran deal as a way to prevent 'economic catastrophe'
President Donald Trump threatened to bomb Iran if it does not comply with a memorandum of understanding (MOU), citing concerns about an 'economic catastrophe' that could harm his presidency. He referenced former president Herbert Hoover and noted stock market reactions to his statements on continuing or ending the conflict, with senior officials including Marco Rubio, Howard Lutnick, and Scott Bessent present.
- Trump says he did not want to see economic catastrophe as he defends Iran deal
U.S. President Donald Trump defended the U.S. deal with Iran at the G7 summit in France, stating he sought to avoid economic catastrophe from continued war in the Middle East. He emphasized that the deal prevented potential economic disaster.
- California voters back billionaire tax despite warnings it could trigger economic catastrophe: new poll
California voters support a proposed billionaire wealth tax that would impose a one-time tax of up to 5% on accumulated assets valued over $1 billion, despite warnings about potential economic risks.
- UK faces 'economic catastrophe' unless it adapts to young people rewired by smartphones
The UK risks an 'economic catastrophe' if it fails to adapt to the changing behaviors of young people shaped by smartphone use. A file photo illustrates a teenage boy texting on his phone at home.