Tag: All Regions
China orders its airlines to stop accepting Boeing jets, report says
The Chinese government has told the country’s domestic airlines to stop accepting deliveries of Boeing jets as a trade war between the world’s two largest economies escalates, Bloomberg News reports.China is also instructing its carriers to stop buying airline parts and other components from U.S. companies, according to Bloomberg, which cited people familiar with the situation.Boeing didn’t immediately respond to a request for comment. The aviation giant’s shares fell $4.88, or 3%, to $154.40 in pre-market trading. The order to stop…
Hungary amends constitution to ban gay parades
Hungarian MPs have passed changes declaring that children’s rights to moral development supersede the right to peaceful assembly The Hungarian parliament has approved a constitutional amendment that upholds a ban on public LGBTQ+ events earlier introduced in the country. Hungarian MPs voted in legislation last month prohibiting gay parades and allowing the authorities to use facial recognition technology to identify their participants and issue fines of $500. The law was introduced by the ruling Fidesz party of Prime Minister Viktor…
Why bonds, not stocks, could predict the next economic crisis in the US
United States President Donald Trump’s tariffs have roiled financial markets globally. But while Trump’s trade salvoes have sent stock markets on a rollercoaster ride, it is the turmoil in the bond markets – specifically the fall of bonds in tandem with stocks – that has prompted the most concern among economists. What are bonds? Bonds are a type of investment that involves the buyer lending money to a government or corporation for a specified period. In return for their investment,…
Did Trump really ‘exempt’ Chinese phones, chips from tariffs?
United States President Donald Trump has threatened new tariffs on Chinese electronic goods, three days after his administration announced exemptions on smartphones, laptops, flash drives and a host of other tech products from levies he has announced since April 2. Those exemptions provided relief to US tech companies reliant on Chinese manufacturing, like Apple and chip company Nvidia, which saw their stocks rise considerably after the release of Friday’s notice. Then came Monday’s announcement, which sparked criticism of Trump over…
China halts exports of critical materials amid trade war with US – NYT
China has halted exports of several critical rare earth metals and magnets amid a deepening trade war with the US, the New York Times has reported. The move follows US President Donald Trump’s decision to drastically raise tariffs on imports from China and other countries earlier this month.
Video: Bodies of eight missing paramedics found in Gaza mass grave
The Palestine Red Crescent says it’s located the bodies of eight of the nine paramedics who went missing about a week ago. The medics had been surrounded by Israeli forces while responding to the scene of an attack in Rafah. Gaza’s Health Ministry says their bodies had been discovered in a hole, and that some were bound and had gunshot wounds to the chest. Mads Gilbert, professor of Emergency Medicine at Norway’s University of Tromso weighs in.
China adds 12 US entities to export control list, adds 6 US firms to unreliable entity list
China’s Ministry of Commence (MOFCOM) said on Wednesday that it has added 12 US entities to the export control list. In order to safeguard national security and interests and fulfill international obligations such as non-proliferation, in accordance with the relevant provisions of the Export Control Law of China and the regulations on export control of dual-use items, the MOFCOM issued an announcement to include 12 US entities in the export control list and prohibit the export of dual-use items to…
Telegram Accused of Removing Popular News Channel at Russia’s Request
The messaging app Telegram is facing censorship accusations after reportedly removing a popular Russian news channel whose alleged owners face criminal prosecution inside Russia. VChK-OGPU, an anonymously run channel claiming to share insider information from Russia’s security and law enforcement agencies, had 1.1 million subscribers when it was taken down overnight Monday. On a backup Telegram channel, VChK-OGPU’s owners wrote that the removal came at the request of the Russian Prosecutor General’s Office, the Federal Security Service (FSB) and state media watchdog Roskomnadzor….
UK MPs barred from entering Israel
Two pro-Palestinian British MPs were denied entry to Israel and subsequently deported after local authorities accused them of misrepresenting the nature of their visit and planning to promote campaigns targeting the state. Abtisam Mohamed and Yuan Yang, both members of the governing Labour Party, landed in Tel Aviv at 2:30pm local time on Saturday, accompanied by two aides. During questioning at Ben Gurion Airport, they told border officers they were part of an official UK parliamentary delegation – a claim…
China hits back at Trump with 34% tariff on U.S. imports
China announced a 34% tariff on all products imported from the U.S. on Friday, escalating the trade war between the world’s two biggest economies. The move came two days after President Donald Trump imposed the same tariff on all Chinese imports as part of what he called reciprocal tariffs on a long list of U.S. trade partners. Combined with 20% in other levies that Trump has imposed on Chinese goods since returning to office in January, the total U.S. tariff…
Jeep & Chrysler parent Stellantis lays off 900 US workers as tariffs bite
In sum:
Stellantis pauses production in Mexico and Canada due to tariffs
Automakers face 25% import tax on imported autos
UAW criticizes Stellantis for unnecessary layoffs
US automaker shares fall sharply
South Korea Removes Its Impeached President and Regains Direction
South Korea’s president Yoon Suk Yeol has been removed from office, four months after his shortlived attempt to impose martial law sparked a prolonged political crisis. The Constitutional Court on Friday announced in a unanimous verdict that it would uphold parliament’s vote to impeach Yoon last year over his failed power grab, stripping him of office and ending his presidency less than three years into his five-year term. A presidential election will be held within 60 days. Han Duck-soo, a…
Musk’s father says Tesla tycoon admires Putin
Errol Musk says his family looks up to the Russian leader for his calm leadership and logical speeches Errol Musk has said that his son Elon and their family admire Russian President Vladimir Putin. Speaking to the BBC in an interview, the billionaire’s father described the head of state as a “strong leader” and praised his speeches as logical. Elon Musk, CEO of Tesla and SpaceX, also leads the US Department of Government Efficiency (DOGE) as part of US President…
Loomer’s relationship with Trump: 3 National Security staff fired
Far-right activist and conspiracy theorist Laura Loomer reportedly made sure three National Security Council staff members were fired, as Loomer considered them disloyal. She communicated this opinion to Donald Trump in a brief White House meeting Wednesday. Laura Loomer is not a new name in MAGA circle. She was frequently seen with the president ahead of the election. Her extreme statements against Kamala Harris spelt trouble for the Donald Trump campaign and she was apparently sidelined, but the three recent…
China’s response to US tariff announcement: Breach of WTO rules, countermeasures will follow
Chinese Foreign Ministry Spokesperson slammed US’ “reciprocal tariffs,” saying the US’ move seriously violates WTO rules and undermines the rules-based multilateral trading system. “China strongly opposes the US’ move and will resolutely take countermeasures to safeguard its legitimate interests,” Guo said, responding to a question over the US’ “reciprocal tariffs” on its major trade partners, including 34 percent on China. The Chinese side has repeatedly stressed that there is no winner in trade war and that protectionism leads nowhere, the spokesperson said. “China urges the US to immediately correct its wrongdoings and resolve trade disputes with China and other countries through equal, respectful, and mutually beneficial dialogue.”
In Texas, ‘water is the new oil’ as cities square off over aquifers that may soon dry out
In Central Texas, a bitter fight over a $1 billion water project offers a preview of the future for much of the state as decades of rapid growth push past the local limits of its most vital natural resource. On one side: Georgetown, the fastest growing city in America for three years straight, which in 2023 signed a contract with an investor-funded enterprise to quickly begin importing vast volumes of water from the Simsboro Formation of the Carrizo Wilcox Aquifer,…
