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- EU warns green bond initiative could benefit Chinese companies unfairly
- EU Parliament Enacts Historic Migration Law to Strengthen Borders and Asylum
- Finland’s Parliament Approves Lifting Ban on Nuclear Weapons Amid NATO Shift
- Sweden Democrats shift from political outsider to key government role
- Regina executive committee discusses upgrades for Mosaic Stadium
- Trump nominates Sullivan & Cromwell partner Jamie McDonald for top Manhattan prosecutor role
- Palestinian football chief says US denied him visa to attend World Cup
- US president Trump discusses memorandum of understanding with Iran and India
USA News
President Trump has called for the immediate confirmation of Jamie McDonald as U.S. attorney for the Southern District of New York during the G7 summit in France. McDonald, a prominent attorney at Sullivan & Cromwell, may face scrutiny over his prosecutorial independence amidst ongoing investigations into the firm’s dealings.
Senior U.S. officials detailed a memorandum of understanding with Iran, emphasising a permanent end to military operations, immediate oil exports, and a $300 billion reconstruction plan. Iran committed to not develop nuclear weapons, with sanctions set for gradual lifting, pending compliance within 60 days.
President Trump has delayed Jay Clayton’s nomination as head of the U.S. intelligence community to pressure Congress on a voter ID bill lacking sufficient support. He announced Bill Pulte will remain acting director, linking approval of a surveillance program to the passage of the voting legislation.
Donald Trump’s ongoing spat with the Federal Reserve boss caused the markets to panic this week, with a massive sell off and drop in the dollar. Things have settled once again, but the IMF has slashed the global growth forecast – with the US given the biggest downgrade among advanced economies.
Global stock markets, including the Dow Jones and Nasdaq, surged by over 2% following comments from US Treasury Secretary Scott Bessent regarding potential de-escalation in trade tensions with China, alleviating investor fears.
Asian markets experienced a significant uptick as President Donald Trump declared his intention not to dismiss U.S. Federal Reserve Chair Jerome Powell. This comment has eased investor concerns around monetary policy continuity amid previous threats to replace Powell.
Hangzhou is emerging as a major tech hub in China, often referred to as the country’s ‘Silicon Valley’, with significant companies like Alibaba and DeepSeek leading the charge.
Elon Musk plans to reduce his time in Donald Trump’s Department of Government Efficiency (DOGE) to focus more on Tesla, amidst a 71% drop in the company’s first-quarter profits and ongoing sales challenges influenced by tariffs.
The IMF has significantly downgraded the UK’s growth forecast for this year to just 1.1%, citing the adverse impacts of the global trade war and rising inflation.
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