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- International Criminal Court removes chief prosecutor Karim Khan from office
- Trump Orders Warnings on ‘Inaccurate Information’ at Smithsonian Museum
- ICC chief prosecutor Karim Khan removed amid sexual misconduct allegations
- Doug Ford’s approval rating drops to 24% amid spending scandal
- Government withdraws subpoenas for New York Times reporters in leak investigation
- Wildfire triggers complete evacuation in Cap Ferret, France, as smoke spreads
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USA News
The Justice Department has retracted its subpoenas for grand jury testimony and phone records from New York Times reporters concerning an article about security systems in the new Air Force One jet. U.S. District Judge Arun Subramanian highlighted procedural missteps during the court hearing, questioning the initial issuance of the subpoenas.
The Trump administration implemented tariffs of up to 12.5% on goods from 60 trading partners, citing inadequate enforcement against forced labour. The measure, effective immediately, predominantly targets Vietnam and China, while applying lower rates to countries with some restrictions, including the UK and Canada.
EUROPE UPDATE
This morning, Europe focuses on energy policies and economic recovery amid ongoing geopolitical tensions.
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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