Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
EU ministers vowed on Monday to explore ways to save Radio Free Europe/Radio Liberty (RFE/RL) after U.S. President Donald Trump cut its funding, but warned that replacing U.S. support would not be easy.
Czech Foreign Minister Jan Lipavsky urged his counterparts in Brussels to find solutions to keep the Prague-based broadcaster running. RFE/RL, a U.S.-funded outlet established during the Cold War to reach audiences in authoritarian states, provides news to countries with restricted press freedom, including Iran, Russia, Belarus, and Ukraine.
EU foreign policy chief Kaja Kallas called the station “a beacon of democracy” and expressed regret over the funding cut. “Can we come in with our funding to fill the void the U.S. is leaving? The answer to that question is not automatically, because we have many organisations requesting the same,” Kallas said. She confirmed that ministers had agreed to explore solutions but noted it would be difficult.
Over the weekend, the U.S. Agency for Global Media (USAGM) terminated grants to RFE/RL as part of Trump’s broader effort to scale back federal funding. The move also affected Voice of America (VOA), where more than 1,300 employees were placed on leave on Saturday.
Despite the funding halt, RFE/RL journalists continued publishing on Monday. RFE/RL President and CEO Stephen Capus warned that shutting down the service would be “a massive gift to America’s enemies.”
Polish Foreign Minister Radoslaw Sikorski said Warsaw would consider how to assist both RFE/RL and VOA.
Trump’s executive order on Friday went beyond the broadcaster, dismantling programmes at the U.S. Agency for International Development (USAID) and cutting more than 80% of its operations. The decision sparked criticism from media and diplomatic circles.
Tech billionaire Elon Musk, a vocal Trump ally, previously called for RFE/RL to be shut down, posting on X that it was “just radical left crazy people talking to themselves.”
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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