Sterling, yen dragged by fiscal and political worries
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in...
U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak this week to discuss recent trade tensions, White House press secretary Karoline Leavitt said.
U.S. President Donald Trump and Chinese President Xi Jinping are likely to hold a phone call this week, White House press secretary Karoline Leavitt announced, just days after Trump accused Beijing of backtracking on a recent tariff rollback deal.
Leavitt became the third senior Trump official to confirm the expected conversation, which aims to address ongoing disagreements over last month’s temporary tariff truce agreed in Geneva, as well as broader trade issues.
While the exact timing of the call remains unclear, U.S. Treasury Secretary Scott Bessent said Sunday on CBS’ Face the Nation that the leaders would speak “very soon,” with particular focus on China’s export restrictions on critical minerals and unresolved tariff disputes.
Trump himself expressed confidence last Friday, stating he was “sure” he would speak with Xi. However, Beijing indicated in April that no recent conversations between the two leaders had taken place.
On Saturday, the Office of the U.S. Trade Representative announced an extension of tariff exclusions on certain Chinese imports - including solar manufacturing equipment - through August 31, allowing more time for ongoing talks.
Bessent led last month’s negotiations with Chinese officials in Geneva, which resulted in a temporary 90-day pause on certain U.S. tariffs. The move triggered a short-lived global stock rally, but failed to resolve deeper issues - namely U.S. concerns over China’s state-driven economic model and industrial policies.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Ukraine’s air defence systems were activated in Kyiv on Wednesday as the capital came under a new Russian air attack. Authorities urged residents to remain in shelters during the strikes.
China launched its largest military parade on Wednesday, showcasing growing firepower as President Xi Jinping sought to project Beijing’s role on the global stage. Russian President Vladimir Putin and North Korean leader Kim Jong Un were among the leaders attending at Tiananmen Square.
China held its largest-ever military parade on Wednesday, showcasing its growing military power and geopolitical influence as President Xi Jinping positions Beijing as a custodian of the post-U.S. international order.
U.S. forces carried out a precision strike on a suspected transnational drug vessel in the southern Caribbean, killing all 11 people aboard, President Donald Trump and the Pentagon confirmed on Tuesday.
Moscow maintains that negotiations between Russia and Ukraine should continue, but stresses that progress is only possible if what it calls the “new territorial realities” are acknowledged.
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