China

House Democrats Launch Probe into Elon Musk’s ‘Conflict of Interest’

May 9, 2025

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Elon Musk is the target of new conflict of interest questions from Democratic members of the House Committee on Oversight and Government Reform. […]

The threats of prosecution and impeachment of federal judges

May 9, 2025

President Trump's first 100 days in office have been a whirlwind of executive orders directed at expanding executive power and dominance. Many are feeling the effects of Trump's unilateral imposition of tariffs upon countries like Canada, Mexico, and China, as well as the imposition of punitive, reciprocal tariffs. But Trump's first 100 days have notably […]

Monetary policy further easing drives a dual bull market in stocks and bonds

May 9, 2025

Core Viewpoints On May 7, 2025, the State Council Information Office held a press conference where the People's Bank of China Governor Pan Gongsheng proposed a package of monetary policy measures, mainly consisting of three categories of ten policies, which we summarize into five key tools: Tool 1: The central bank will lower the reserve […]

Americans are already seeing Trump’s tariffs kick in. They sent in receipts to prove it

May 9, 2025

Americans are already seeing Trump's tariffs kick in. They sent in receipts to prove it toggle caption Kimberly Drennan Lots of new tariffs have already gone into effect and more are about to come online. There is the tax on auto parts that kicked in this month; duties on steel and aluminum; new levies on […]

US, China to hold talks in Switzerland amid Trump’s trade war

May 9, 2025

US Treasury Secretary Scott Bessent says Washington does not wish to decouple from China but wants ‘fair trade’. The United States and China will hold trade talks in Switzerland this week, officials have said, as the world’s two largest economies seek to de-escalate tensions that have led to a de facto mutual trade embargo. The […]

Pakistan urges Trump to step in as peacemaker as tensions with India rise

May 9, 2025

Pakistan has reportedly urged the President of the United States, Donald Trump, to help defuse tensions with India in the aftermath of the Pahalgam terror attack. Pakistan's ambassador to the US, Rizwan Saed Sheikh, has reached out to Donald Trump In an interview with Newsweek magazine, Pakistan’s ambassador to the United States, Rizwan Saeed Sheikh, […]

French intelligence official confirms downing of Rafale by Pakistan: CNN

May 9, 2025

Listen to article A senior French intelligence official has confirmed to CNN that one Indian Air Force Rafale fighter jet was shot down by Pakistan, marking what could be the first known combat loss of the French-made aircraft. The confirmation comes after Pakistan shot down five Indian fighter jets in retaliation for India's missile attack […]

Trump, Starmer hail limited US-UK trade deal, but 10% duties remain

May 9, 2025

Summary Companies Starmer says 'historic' deal to expand US-UK trade Deal opens 'a tremendous market' for the US – Trump Deal is first since Trump launched global tariff war Baseline 10% tariff on UK goods to remain, Trump says WASHINGTON/LONDON, May 8 (Reuters) – U.S. President Donald Trump and British Prime Minister Keir Starmer on […]

Exclusive: Air India sees Pakistan airspace ban costing it $600 million over 12 months, seeks aid

May 9, 2025

Branding for Air India is seen on an Airbus A350-900 at the Farnborough International Airshow, in Farnborough, Britain, July 24, 2024. REUTERS/Toby Melville/File Photo Purchase Licensing Rights , opens new tab Summary Companies India, Pakistan tensions taking toll on aviation sector Pakistan airspace ban hits Indian carriers with longer routes Air India pushes government to […]

Bank of England CUTS interest rates in relief for struggling Brits as fears over stalling economy outweigh inflation threat

May 9, 2025

Struggling Brits were handed some respite today with the Bank of England cutting interest rates. The Monetary Policy Committee reduced the level from 4.5 per cent to 4.25 per cent as fears over the stalling economy outweighed the threat of inflation. However, the voting margin was an extremely tight 5-4 – with two members preferring […]