Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports
Chinese tech giants, including Alibaba-backed Ant Group (688688.SS) and e-commerce company JD.com have halted plans to issue stablecoins in Hong Kong ...
The United States on Tuesday formally congratulated Friedrich Merz on his election as Germany’s new chancellor, reaffirming its commitment to close transatlantic cooperation amid evolving global challenges.
“We congratulate Friedrich Merz on his election as chancellor in Germany,” said U.S. State Department spokeswoman Tammy Bruce during a press briefing. “We will continue to work with Germany and its next government to ensure the security of the United States and Europe.”
Merz, the leader of Germany’s Christian Democratic Union (CDU), was elected chancellor by the Bundestag on Tuesday in a second round of voting, following weeks of coalition negotiations. His party secured a governing majority in alliance with the Social Democrats after snap elections held on February 23.
With his confirmation, Merz becomes Germany’s 10th chancellor since World War II, succeeding Olaf Scholz and marking a shift toward more conservative leadership in Berlin. His election is expected to influence Germany’s domestic economic policy as well as its approach to NATO, EU integration, and relations with Washington.
The White House has not yet issued a statement, but officials indicated that President Donald Trump is expected to speak with Chancellor Merz in the coming days to extend congratulations and discuss shared priorities.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Polls in Bolivia closed on Sunday, with voters awaiting the results of a presidential runoff that marks a significant rejection of the socialist government and points towards a potential shift in foreign policy, likely steering towards the United States after years of tense relations.
On October 19, 2025, President Donald Trump announced the appointment of Mark Savaya, a Michigan-based entrepreneur, as the U.S. Special Envoy to Iraq.
Tufan Erhurman, a centre-left moderate, won the Turkish Cypriot presidential election on Sunday, defeating incumbent hardliner Ersin Tatar in a pivotal vote that could revive stalled U.N.-backed reunification talks on the divided island of Cyprus.
U.S. President Donald Trump urged Ukrainian President Volodymyr Zelenskyy during a White House meeting on Friday to accept Russia’s conditions for ending the conflict between Russia and Ukraine, warning that Vladimir Putin had threatened to “destroy” Ukraine if it refused to comply, according to FT.
Countries criticized UK, France, Germany for ‘legally and procedurally flawed’ attempt to trigger ‘snapback mechanism’
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