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Mon, Dec 22, 2025 02:02 AM All times are UTC

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Trump Defends Economy Amid GDP Decline and Tariff Backlash

May 03, 2025 03:08 am UTC| Politics

President Donald Trump addressed growing concerns over the U.S. economy after a surprise first-quarter GDP contraction, attributing the decline to distortions from import surges and inventory shifts due to tariff-related...

US Lawmakers Urge SEC to Delist Alibaba, Baidu, and Other Chinese Firms Over Security Risks

May 03, 2025 03:06 am UTC| Business Politics

Two Republican lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to delist several Chinese companies from American stock exchanges, citing national security concerns. According to the Financial...

U.S.-Japan Trade Talks Begin Amid Tensions Over Tariffs and Auto Exports

May 03, 2025 02:57 am UTC| Politics

The United States and Japan began working-level trade consultations following frank and constructive discussions in Washington, according to the U.S. Treasury Department. U.S. Treasury Secretary Scott Bessent, Commerce...

RFK Jr. to Testify Before Senate Amid Budget Cuts and Vaccine Controversy

May 03, 2025 02:41 am UTC| Politics

U.S. Health and Human Services Secretary Robert F. Kennedy Jr. is scheduled to testify before the Senate Health, Education, Labor, and Pensions Committee on May 14, the panel confirmed Friday. His appearance follows...

Iran Nuclear Talks Stalled as U.S. Demands End to Enrichment and Missile Program

May 03, 2025 02:37 am UTC| Politics

Tensions between the U.S. and Iran escalated this week as Secretary of State Marco Rubio outlined stringent conditions for any nuclear agreement, demanding Iran halt uranium enrichment, abandon its long-range missile...

U.S. Ends Duty-Free Rule for Chinese Packages, Impacting Shein, Temu, and Air Cargo

May 03, 2025 02:30 am UTC| Politics Governance

The Trump administration has officially ended duty-free access for low-value shipments from China and Hong Kong, revoking the de minimis exemption that benefited e-commerce giants like Shein and Temu. The move, aimed at...

Trump Taps Whitney Hermandorfer for 6th Circuit Court in First Judicial Nomination

May 02, 2025 07:11 am UTC| Politics Governance

U.S. President Donald Trump has made his first judicial nomination since returning to the White House, selecting Whitney Hermandorfer for the 6th U.S. Circuit Court of Appeals. Announced Thursday on Truth Social, Trump...

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Economy

China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious

China has once again kept its benchmark lending rates unchanged, extending the pause in monetary policy adjustments to a seventh consecutive month in December, in line with broad market expectations. The Peoples Bank of...

Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike

Asian share markets moved higher at the start of the week, following strong tech-led gains on Wall Street, while the Japanese yen continued to weaken sharply against major currencies despite a significant interest rate...

China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries

Chinas sweeping reforms to its electricity market are rapidly transforming the economics of energy storage, driving a surge in both domestic deployment and global exports of battery technology. As international demand for...

Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization

Global investors and borrowers are increasingly turning to the Chinese yuan as lending and financing activity accelerates, driven by attractive pricing and Chinas long-term push to internationalize its currency....

Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand

Silver prices surged to a record high during early Asian trading on Monday, driven by escalating geopolitical tensions that boosted demand for safe-haven assets across global markets. Concerns over renewed hostilities...

Politics

U.S. Coast Guard Pursues Sanctioned Oil Tanker Near Venezuela Amid Rising Geopolitical Tensions

The U.S. Coast Guard is actively pursuing a sanctioned oil tanker in international waters near Venezuela, according to U.S. officials cited by Reuters, marking what could become the third such operation in less than two...

Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift

Japan is approaching a pivotal moment in its post-Fukushima energy policy as the Niigata regional assembly is expected to endorse the restart of the Kashiwazaki-Kariwa nuclear power plant, the largest nuclear facility in...

Justice Department Restores Trump Photo in Epstein Files After Review Clears Image

The U.S. Department of Justice confirmed on Sunday that a photo involving President Donald Trump, which had briefly been removed from the cache of Jeffrey Epstein-related documents, was restored after an internal review...

U.S., Europe, Ukraine Hold Productive Florida Talks on Ending Russia-Ukraine War

Senior officials from the United States, Europe, and Ukraine concluded three days of high-level talks in Florida aimed at advancing efforts to end Russias war in Ukraine, with discussions centered on aligning positions and...

Najib Razak Awaits Court Rulings in 1MDB Case as Malaysia’s Anti-Graft Drive Faces Test

Malaysias former prime minister Najib Razak is set to learn on Monday whether he can serve the remainder of his jail sentence under house arrest, a decision that could have major political and legal implications for the...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...