US President Donald Trump on Thursday hinted at the possible extension of a trade truce with China and at facilitating a deal for TikTok’s continued operation in America, as the market eagerly awaits any signs of progress in an anticipated phone call between the two countries’ leaders today. Trump made the comments at a joint press conference with British Prime …
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‘Crime in London is through the roof’: Trump revives feud with mayor Khan
US President Donald Trump has said he “didn’t want” Sadiq Khan at events put on for his second state visit to the United Kingdom, escalating his feud with the London mayor by describing him as “among the worst mayors in the world”. The US president said that Khan had wanted to attend, but “I asked that he not be there”. …
Read More »How Southeast Asia showed its support for China and sent a message to the US
Prabowo had earlier decided to cancel the trip because of widespread protests at home. But he showed up for the parade in a grey suit on the morning of September 3, taking a seat at the rostrum beside Russian leader Vladimir Putin, who was to the right of Chinese President Xi Jinping. Sources said the Indonesian leader arrived only hours …
Read More »Asian-American businesses are being decimated by Trump tariffs, lawmakers warn
Businesses owned by Asian-Americans are struggling with mounting costs as a result of US President Donald Trump’s tariffs, with some potentially being forced to shut down, a group of Democratic lawmakers warned on Thursday as they urged the administration to reverse the duties. The warning, reflecting growing national discontent regarding Trump’s tariffs, coincided with a media briefing in front of …
Read More »Nvidia bets big on Intel with US$5 billion stake, chip partnership
Nvidia said on Thursday it would invest US$5 billion in Intel, throwing its heft behind the struggling US chipmaker just weeks after the White House engineered an extraordinary deal for the federal government to take a massive stake in the company. The stake will instantly make Nvidia one of Intel’s largest shareholders, giving it roughly 4 per cent of the …
Read More »Trump vows US push to reclaim key Afghan air base, ties it to China
US President Donald Trump said on Thursday that his administration was moving to retake control of Bagram Air Base in Afghanistan, claiming that such a move was necessary because of the facility’s proximity to nuclear weapons sites in China. Bagram, located 44 kilometres (27 miles) north of Kabul, was the largest US military base in Afghanistan and the central hub …
Read More »China backs Venezuela, warns US against ‘bullying’ after second deadly sea raid
Venezuela’s foreign minister said Wednesday that China pledged support for Caracas’ efforts to preserve peace in the Caribbean, quoting Ambassador Lan Hu as saying Beijing stood “in solidarity” as Washington pressed ahead with military strikes on boats it claimed were carrying drugs. Foreign Minister Yván Gil met with Lan in Caracas and described the message from Beijing as a significant …
Read More »Hollywood backs Jimmy Kimmel, slams free speech ‘suppression’ in US
Hollywood blasted the White House for targeting free speech after ABC pulled Jimmy Kimmel’s show on Wednesday under regulatory threats from President Donald Trump’s administration, rallying behind the late-night comic after his comments about the assassination of conservative activist Charlie Kirk. The Walt Disney-owned broadcaster said it was yanking Jimmy Kimmel Live indefinitely after at least one affiliate said it …
Read More »WTO chief finds hope in Trump trade disruption, sees chance for ‘reglobalisation’
The head of the world’s trade watchdog has delivered an upbeat take on US President Donald Trump’s unilateral tariffs – one of the biggest shocks to the global trading system since its emergence after the Second World War – casting the disruptions as a chance to cut supply imbalances, open new markets and spur “reglobalisation”. A little over six months …
Read More »US Fed cuts rates for first time in 2025 amid Trump pressure, weaker job outlook
The US Federal Reserve has announced that it will cut interest rates by a quarter of 1 percentage point in a widely anticipated move. The US central bank also expects two more quarter-point cuts this year. The cut puts the target range for its main lending rate at 4 to 4.25 per cent. Still, market stakeholders are watching the Fed’s …
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