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 ongoing market chaos caused by Donald Trump’s tariffs continues to dominate the business newspapers, as do reports about inflation, job risks and a UK-US trade deal that comes at a price. Tech stocks suffered a Wall Street sell-off on Wednesday after Nvidia revealed new US controls on sales to China will wipe billions of dollars from its earnings. The US dollar has continued to weaken for the fifth straight day, amid real fears that the world could start the process of de-dollarisation.

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