- China vowed not to bow to "blackmail" from the United States as a global trade war ignited by US President Donald Trump's sweeping tariffs showed little sign of abating, even as battered stock markets steadied. Watch our daily rundown for more on markets.
- Our analysis shows that Beijing, feeling boxed into a corner by the US' intensifying tariff assault on China and any country that buys or assembles Chinese goods, is bracing for an economic war of attrition.
- Investors are trying to game out how much tolerance Trump has for stock market losses after his latest tariff policies ignited a more than 10% wipeout on Wall Street, with some still holding out hope of eventual relief.
- Days after Trump's announcement shocked multiple US trading partners and global markets, a handful of countries are emerging as potential winners although the risk of a tariff-induced recession will limit the upside.
- Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious agenda to diversify its economy.
- Two Democratic US senators demanded information from Microsoft and Google about their cloud computing partnerships with artificial intelligence companies, expressing concern the arrangements could stifle competition in the cutting-edge industry.
- From the crisis of 2008 to the pandemic to Trump's tariffs, governments and central banks have influenced asset prices. In this episode of The Big View podcast Mark Haefele, chief investment officer of UBS's wealth management unit, talks about the stark message for investors.
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The use of AI and Signal reinforces concerns among cybersecurity experts. REUTERS/Kent Nishimura/File Photo |
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Trump plans to fine migrants $998 a day for failing to leave after deportation order |
Administration calls on migrants to "self deport and leave the country now". REUTERS/Shannon Stapleton/File Photo |
The Trump administration plans to fine migrants under deportation orders up to $998 a day if they fail to leave the United States and to seize their property if they do not pay, according to documents reviewed by Reuters. The fines stem from a 1996 law that was enforced for the first time in 2018, during President Donald Trump's first term in office. The Trump administration plans to apply the penalties retroactively for up to five years, which could result in fines of more than $1 million, a senior Trump official said, requesting anonymity to discuss non-public plans. |
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White dwarf stars located in the Milky Way galaxy, in this handout illustration released on April 4, 2025. University of Warwick/Mark Garlick/Handout via REUTERS |
Astronomers have spotted two hefty white dwarf stars - highly compact stellar embers - orbiting close together that appear destined to die in an extraordinarily violent quadruple detonation. The two stars, gravitationally bound to each other in what is called a binary system, are located in our Milky Way galaxy about 160 light-years from Earth - relatively close in cosmic terms. A light-year is the distance light travels in a year, 9.5 trillion km. |
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