U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
The S&P 500 slipped 0.01% to close at 5,911.69, while the Nasdaq lost 0.32%, ending at 19,113.77. The Dow Jones rose 0.13%, finishing the week at 42,270.07.
Markets wavered following Trump's sharply worded social media post, in which he claimed China is facing economic collapse due to U.S. tariffs and said Beijing had "totally violated" the agreement Washington announced earlier this month.
“Everybody was happy! That is the good news!!! The bad news is that China… HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,” Trump posted.
He added he would soon speak with Chinese President Xi Jinping, expressing hope that the matter could be resolved.
In response, China pushed back, pointing to ongoing U.S. restrictions on chip exports. A spokesperson from China’s embassy in Washington, Liu Pengyu, said the U.S. should stop “discriminatory restrictions” and respect the Geneva consensus.
Meanwhile, fresh U.S. economic data showed consumer sentiment remained flat in May, with the University of Michigan’s index holding at 52.2. Short-term inflation expectations edged up to 6.6%, but long-term expectations fell to 4.2%, the first drop since December.
Kazakhstan has restored oil production after an accident at the Tengiz oil field briefly disrupted output last week, while also signalling its readine...
Baku has once again become a focal point for international energy diplomacy, investment and strategic cooperation, as Baku Energy Week brings together...
Dutch police have launched an investigation into the use of force against a pregnant woman at an asylum seekers' centre in Zeist after videos of the i...
Trump reportedly lashed out at Netanyahu on Monday over Israel's escalation in Lebanon, describing the Israeli leader as "crazy" and warning that furt...
A launch ceremony marking the commissioning of the modernised Baku-Tbilisi-Kars (BTK) railway line was held at Akhalkalaki station in Georgia on 2 Ju...
Kazakhstan has restored oil production after an accident at the Tengiz oil field briefly disrupted output last week, while also signalling its readiness to increase crude shipments through the Baku–Tbilisi–Ceyhan (BTC) pipeline.
Baku has once again become a focal point for international energy diplomacy, investment and strategic cooperation, as Baku Energy Week brings together policymakers, industry leaders and investors from around the world.
Dutch police have launched an investigation into the use of force against a pregnant woman at an asylum seekers' centre in Zeist after videos of the incident circulated widely on social media.
Trump reportedly lashed out at Netanyahu on Monday over Israel's escalation in Lebanon, describing the Israeli leader as "crazy" and warning that further military action would deepen Israel's international isolation, according to a report by Axios.
Okinawa lost transport links and suffered widespread power outages on Monday (1 June) as Severe Tropical Storm Jangmi brought destructive winds and heavy rain to Japan's south-western islands.
Competing narratives continue to shape perceptions of the war in Ukraine, with Russian leadership suggesting a possible end phase while Ukrainian officials warn of renewed large-scale attacks and ongoing escalation risks.
U.S. Secretary of State Marco Rubio has held talks with Lebanese President and Israeli Prime Minister on efforts to ease tensions between Israel and Lebanon. According to a U.S. official, Washington has proposed a plan aimed at achieving a gradual de-escalation of hostilities.
When Armenians vote on 7 June, they will be voting in an election shaped by months of political change and a rapidly deepening relationship with the European Union. The result may not only determine who governs Armenia but also the future direction of the country's geopolitical alignment.
Unsealed records from the U.S. Department of Justice have renewed scrutiny of lawyer Robert Amsterdam after documents revealed communications between his law firm and Jeffrey Epstein's office. The disclosures have drawn attention because of Amsterdam's prominent role in Armenia.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
Kevin Warsh will be sworn in as chair of the U.S. Federal Reserve on Friday as policymakers consider higher interest rates to tackle inflation linked to the Trump administration’s Iran policy.
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