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...
A once-strategic alliance between President Donald Trump and tech mogul Elon Musk collapsed in spectacular fashion this week, as the two billionaires exchanged public barbs in an escalating feud that has left Washington reeling.
Their relationship, marked by moments of mutual praise and collaboration — including Musk’s informal advisory role in Trump’s administration — unraveled rapidly following Musk’s criticism of Trump’s legislative agenda. Initially brushing off the remarks, Trump eventually fired back, prompting a torrent of retaliatory posts from the Tesla and SpaceX CEO.
Musk accused the president of failing to rein in federal spending, hinted at calls for impeachment, and even revived conspiracy theories about Trump’s alleged connections to Jeffrey Epstein. He also claimed, without evidence, that Trump would not have won the 2024 election without his support.
Trump responded with characteristic force: “Musk has been wearing thin,” he wrote, claiming he had asked Musk to leave his administration and that the billionaire had “gone CRAZY.”
The feud threatens to impact major federal contracts with Musk’s companies — including SpaceX’s lucrative NASA deals and Tesla’s involvement in infrastructure projects. Sources say Trump is now considering reviewing or even cutting those contracts, escalating the fallout beyond personal grudge into policy and business consequences.
As both men remain highly influential in their respective spheres, the breakdown of their alliance marks a significant shift in the political-business power dynamic shaping Washington. The capital — and the markets — are now holding their breath.
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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