Trump signs bill allowing whole milk, nondairy options in schools
Whole milk is heading back to school cafeterias across the U.S. after President Donald Trump signed a bill overturning Obama-era limits on higher-fat ...
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.
The Trump administration will suspend all visa processing for visitors from 75 countries beginning 21 January 2026, according to a State Department memo reported by media.
Sweden is sending a group of military officers to Greenland at Denmark’s request, Prime Minister Ulf Kristersson said on Wednesday, as Nordic countries and NATO allies step up coordination around the Arctic territory.
Saudi Arabia has informed Iran that it will not allow its territory or airspace to be used for any military action against Tehran, according to two sources close to the kingdom’s government cited by AFP.
Israel and Arab States have urged the U.S. to delay any potential military action against Iran, warning that such a move could undermine ongoing protests inside the country, according to NBC News.
Finland and Sweden have called for tougher economic measures against Russia, proposing higher import duties, export restrictions, and an European Union ban on Russian energy shipments.
A coalition of women’s rights organisations, technology watchdogs and progressive campaigners is urging Apple and Google, owned by Alphabet, to remove the social media platform X and its associated chatbot, Grok, from their app stores.
Boeing booked more aircraft orders than Airbus in 2025 for the first time since 2018, official figures showed, even as the European manufacturer delivered more planes during the year.
U.S. oil major Chevron and private equity firm Quantum Capital Group are reportedly preparing a joint bid to acquire Lukoil’s international assets, as the sanctioned Russian energy company seeks to divest its overseas operations.
The U.S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above 50% in global reserves according to the IMF data.
The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
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