China proposes new global AI cooperation organisation
China announced on Saturday its intention to establish a global organisation aimed at fostering international cooperation on artificial intelligence (...
Mexican President Claudia Sheinbaum on Thursday praised a recent phone call with U.S. President Donald Trump, highlighting an agreement aimed at improving the trade balance between the two nations.
Describing the conversation as "positive," Sheinbaum noted that both administrations are committed to working together to enhance trade conditions. "We agreed that the Secretaries of Finance and Treasury, as well as the Secretaries of Economy and Trade, will continue working in the coming days on alternatives to improve our trade balance and advance on pending issues for the benefit of both countries," she said in a statement on X.
Sheinbaum explained that Trump's administration is focused on reducing the trade deficit with Mexico, which has historically favored Mexican exports. "What the United States government is very interested in is reducing the deficit — what they call the deficit with Mexico — and for some time now, we have been proposing that we look for ways, across the entire economy, to increase purchases from the United States," she added.
Despite facing a wave of economic policies targeting foreign trade, Mexico has largely avoided Trump’s threatened tariffs on its exports. However, the U.S. president continues to hold Mexico accountable for the ongoing trade imbalance.
Trump's second-term economic policies have been characterized by the use of tariffs, aimed at reversing longstanding trade deficits with key partners such as Mexico, which is now the U.S.'s largest trading partner. According to recent data from January 2025, the U.S. trade deficit with Mexico stood at $13.7 billion, fueled by a 9.5% rise in Mexican exports to the U.S. compared to a 5.3% increase in U.S. exports to Mexico.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China announced on Saturday its intention to establish a global organisation aimed at fostering international cooperation on artificial intelligence (AI), positioning itself as a counterbalance to the United States in the global AI race.
Beijing has issued a geological disaster alert for most of the city after intense rainfall triggered fears of landslides and flash floods. Nearby Baoding saw more than a year's worth of rain fall in just eight hours, displacing thousands and breaking historical records.
Australia has signed a long-term defence treaty with Britain to deepen cooperation on the AUKUS nuclear submarine initiative over the next 50 years, the government announced on Saturday.
Pakistani FM Ishaq Dar said that Pakistan and the United States are 'very close' to finalising a trade agreement, suggesting the deal could be reached within days. However, U.S. officials made no mention of a specific timeline following Dar’s meeting with Secretary of State Marco Rubio.
At a United Nations Security Council meeting on Friday, the United States called on China to stop supporting Russia’s military efforts in Ukraine, accusing Beijing of enabling Moscow’s aggression through the export of dual-use goods.
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