Tag: Region US
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…
Trump freezes over $2bn in Harvard funding over ‘non-compliance’
The move comes after the university rejected the US administration’s request for policy changes The administration of US President Donald Trump has announced it is freezing more than more than $2.2 billion in grants and $60 million in contracts to Harvard University, after the Ivy League school rejected a list of demands from the White House. A major clash between the administration and some of the country’s top universities has been unfolding in response to how the pro-Palestinian student protests…
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.
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…
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
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,…
1,400+ Arrested in Turkey as Erdoğan Jails Istanbul Mayor & Intensifies Authoritarian Crackdown
Mass demonstrations continue in Turkey, where Istanbul Mayor İmamoglu was arrested on corruption charges. Since protests broke out, Turkish authorities have detained more than 1,400 people, including students and journalists. İmamoglu is the main rival of President Erdogan in the 2028 election and was recently nominated by the Republican People’s Party. Erdogan has led the country since 2003, but his popularity has dropped in recent years amid authoritarian policies. “Everyone knows that this is politically motivated and that Erdogan is scared that he’s not going to win against Ekrem İmamoğlu,” says Turkish political scientist Ezgi Başaran.
Zelensky speaks out on US-Ukraine talks in Saudi Arabia
Ukraine’s leader has expressed readiness to enter a US-proposed energy truce with Russia Ukraine’s leader, Vladimir Zelensky, has offered his take on negotiations in Saudi Arabia shortly after the White House released two statements on the US contacts with Kiev’s and Moscow’s respective delegations. Speaking at a press conference on Tuesday, Zelensky expressed readiness to observe US President Donald Trump’s proposed agreement to mutually halt strikes on energy facilities with Russia, as well as to stop fighting in the Black…
‘They’re out of control’: Donald Trump says Jeff Bezos frustrated with Washington Post’s ‘crazy people’
US President Donald Trump expressed optimism about his working relationship with Jeff Bezos and the future of The Washington Post, alleging that Bezos privately criticised the newspaper’s staff. In an interview with OutKick’s Clay Travis, Trump claimed Bezos lamented the financial losses from running the publication and voiced frustrations about its newsroom employees. “They actually did a couple of bad articles on him,” Trump said. “He said, ‘This is crazy, I lose my fortune running this thing and they’re out…
Kremlin says Iran has right to nuclear energy, acting in line with international law
“Iran has the right to peaceful nuclear energy and is acting in line with international law,” Kremlin spokesman Dmitry Peskov said on Friday. Peskov said Moscow accepted Iran’s statements that it has no intention of obtaining nuclear weapons. Iran was one of the topics discussed in a long phone call between US President Donald Trump and Russian President Vladimir Putin this week, after which the White House said the two leaders “shared the view that Iran should never be in a…
