Elon Musk attending a cabinet meeting at the White House. REUTERS/Carlos Barria |
- The US reached separate deals with Ukraine and Russia to pause their attacks at sea and against energy targets, with Washington agreeing to push to lift some sanctions against Moscow.
- Ukrainian President Volodymyr Zelenskiy said a truce with Russia covering the Black Sea and energy strikes was effective immediately, but warned that Moscow was already manipulating and distorting the accords. Meanwhile Russia's Foreign Ministry said the Zaporizhzhia nuclear plant was a Russian facility and transferring control of it was impossible.
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Coils of rolled steel sit in an industrial yard, Ontario. REUTERS/Carlos Osorio/File Photo |
- Hundreds of Canadian workers, many in the steel and aluminum sectors, have been laid off as a result of US tariffs, according to a major union and companies.
- European companies that are spending big on generative artificial intelligence need to start showing returns on their massive outlays by next year, or risk investors losing patience after they paid sky-high prices to join the market boom.
- British finance minister Rachel Reeves is expected to announce cuts to her spending plans in a bid to reassure investors that she can be trusted to fix the public finances as growth falters.
- Two years since it acquired Credit Suisse to create a Swiss banking giant, UBS is trying to head off tougher regulations by offering to limit the future size of its investment bank and hold more capital, people familiar with discussions said.
- Canada has frozen all rebate payments for Tesla and banned the electric-vehicle maker from future EV rebate programs. For more news on the industry, sign up for the Auto File newsletter.
- Chinese electric vehicle giant BYD aims to double its sales outside China to more than 800,000 cars in 2025 and will look to overcome tariffs by assembling cars locally, its chairman told analysts.
- The Brazilian government has shelved a proposal to tax big tech firms, due in part to concerns that the move could be seen as a response to Trump's tariff threats, two officials with knowledge of the matter told Reuters.
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'There is no blank check': Syrian leader told to rein in jihadis |
Syria's interim President Ahmed al-Sharaa at the presidential palace, Damascus. REUTERS/Khalil Ashawi/File Photo |
Syria's President Ahmed al-Sharaa has a lot to prove to win over Western powers. If the first few weeks of his rule are anything to go by, he may be heading in the wrong direction. The West is watching Syria's leaders closely to ensure they rein in the Islamist jihadis who killed hundreds of Alawites, create an inclusive government with effective institutions, maintain order in a country fractured by years of civil war and prevent a resurgence of Islamic State or al Qaeda. |
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A life reconstruction of the Cretaceous dinosaur Duonychus tsogtbaatari seen in this illustration. Masato Hattori/Handout via REUTERS |
Fossils unearthed during construction of a water pipeline in the Gobi Desert of Mongolia have revealed one of the oddest members of a rather strange group of dinosaurs, a creature whose two-fingered hands sport a pair of menacing curved claws. The dinosaur, named Duonychus tsogtbaatari, measured about 3 meters long, weighed approximately 260 kg and lived roughly 90 to 95 million years ago during the Cretaceous Period, researchers said. |
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