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USA Property

All about Ohio bill seeking to restrict property rights of Green Card holders | Explained News

Ohio lawmakers last month introduced two Bills seeking to prohibit foreign nationals and certain categories of Green Card holders from buying land near military installations and critical infrastructure.This came amid a larger trend in recent years of Republican-controlled US states moving to restrict the property rights of non-citizens citing concerns over national security and the necessity of controlling “foreign influence”. A growing trend The Permanent Residency Card, more commonly known as the Green Card, gives holders the right to permanently live and work in the United States. As such, Green...
Currencies

Tariff Tracker, May 5: Asian banks offload dollar reserves, OPEC+ to increase oil supply | Explained News

Trump trade policy 2025: There seems to be nary a dull moment in tracing the onslaught of the US president’s tariff announcements, and the snowballing effect worldwide.Over the weekend, China, the recipient of 145% in US tariffs, signalled its willingness to embark on talks with the US, provided the US walked back these punitive measures. This was picked up by Asian markets, which have seen their currencies hit record highs against the USD. Decline in the dollar boosting the ‘Sell America’ wave The dollar’s decline continued over the weekend, as...
Currencies

Why is the euro rising against the US dollar? | Explained News

On November 5, 2024, the day the US voted for its next president, the euro, which is the common currency of 20 countries (out of 27) in the European Union, was equal to 1.0933 US dollars. This “exchange rate” between the top two currencies of the world — roughly 60% of all foreign exchange is held in US dollars and around 20% is held in euros — saw a sharp change between that day when Donald Trump won the election and the day he took the oath of office, January...