live Democrats press Trump to seek Congress approval for Iran war - Friday, 01 May
A senior U.S. administration official says a ceasefire agreed with Iran in early April has effectively ended hostilities for an imminent congressio...
China recorded the world’s largest-ever trade surplus in 2025, reaching $1.2 trillion as exporters shifted focus away from the U.S. amid ongoing trade tensions.
The surplus, up 20% from 2024, reflects Beijing’s pivot toward emerging markets in Southeast Asia, Africa, and Latin America as exports to the U.S. fell 19.5% year-on-year.
Customs data showed total exports at $3.7 trillion and imports at $2.58 trillion. December alone saw a 6.6% increase in exports compared with the same month in 2024, surpassing economists’ expectations.
High-tech goods such as industrial robots and machine tools rose 13%, while electric vehicles, lithium batteries, and solar panels jumped 27%. Exports to Africa increased 26.5%, ASEAN 14%, the EU 9%, and Latin America 8%.
Despite rising tensions and tariffs with the U.S., China expanded into other global markets, strengthening its economic footprint and resilience. Officials say strong exports give Beijing confidence in trade negotiations with Washington and other partners.
Deputy Customs Administrator Wang Jun said the country will “open more” in 2026, signaling continued reliance on exports to drive growth amid sluggish domestic demand. Economists expect China’s trade surplus to remain above $1 trillion this year, though export growth may slow slightly.
The record surplus is likely to raise concerns among trading partners about dependence on Chinese goods and the impact on domestic industries.
A report published by Minval Politika has raised new questions over alleged efforts by Luis Moreno Ocampo to shape international pressure against Azerbaijan and influence political dynamics around Armenia.
A Pentagon official provided the first official estimate of the cost of the U.S. war in Iran on Wednesday (29 April), telling lawmakers that $25 billion had so far been spent on the conflict, most of it on munitions. Earlier, Donald Trump said that the U.S. had "militarily defeated" Tehran.
Iran’s Supreme Leader Mojtaba Khamenei warned “foreigners who commit evil” have no place in the Gulf, outlining a “new phase” for the Strait of Hormuz, while a senior adviser said U.S. blockade efforts would fail and could trigger confrontation.
Shares in Meta Platforms fell sharply in extended trading on Wednesday after the tech giant raised its annual capital spending forecast by billions of dollars.
A senior U.S. administration official says a ceasefire agreed with Iran in early April has effectively ended hostilities for an imminent congressional war powers 1 May deadline, arguing that the absence of any military exchanges for more than three weeks removes the need for further authorisation.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
The United Arab Emirates has said it's quitting OPEC from 1 May, dealing a major blow to the oil producers’ group and its de facto leader, Saudi Arabia, amid disruption caused by the Iran war.
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield.
China has ordered Meta to unwind its more than $2 billion acquisition of artificial intelligence start-up Manus, marking a major escalation in Beijing’s scrutiny of foreign investment in sensitive technology sectors. The order was issued on Monday by the National Development and Reform Commission.
Adidas shares rose after Kenya’s Sebastian Sawe delivered a historic performance at the London Marathon on Sunday (26 April), becoming the first athlete to run an official marathon in under two hours.
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