World News

US hits Canadian goods with 50% tariffs, Mark Carney vows to retaliate

The US tariffs kicked in Saturday on hundreds of items the US buys from Canada, such as plywood, liquor, electrical equipment and hockey gear, totaling around $20 billion

Tesla recalls nearly 3 mn vehicles in China over door handle safety risks

China has stepped up scrutiny recently on hidden, or flush, car door handles following EV accidents, in which cars' hidden electronic doors failed and trapped people inside

US set to impose 50% tariffs on Canadian goods as trade negotiations fail

Canada's ​Prime Minister Mark Carney said he had suspended trade negotiations and Canada would retaliate dollar for dollar on the new tariffs

2 injured in stabbing at Canada's Edmonton gurudwara, suspect arrested

The incident took place at Nanaksar Sikh Gurdwara in northeast Edmonton, the suspect entered the gurdwara and attempted to access the prayer area

Apple cuts jobs in Siri, Vision Pro immersive video, and gaming teams

Apple is also laying off employees in its Intelligent Systems Experience, a team within its software engineering organisation responsible for some of the AI features on its devices

Trump says Canada trade deal moving forward, announces talks on Mexico pact

Trump said the proposed agreement with Canada would focus on protecting American farmers, who he said had been affected by previous trade arrangements

Trump loyalist Ed Martin leaves DOJ to focus on election legal battles

Trump said in a social media post that Martin is leaving his role as the Justice Department's pardon attorney to "fight Legal Battles" surrounding this year's midterm elections and the 2028 presidenti

US SC allows Trump's $400 mn White House ballroom work to continue for now

The administration has argued that the president has total authority to renovate the White House and other federal buildings as he sees fit and that the ballroom project must be completed

TikTok reaches $400 mn settlement with US DOJ over children's privacy

The DOJ said Friday that TikTok will pay $300 million immediately and another $100 million after an order vacates an earlier consent decree against its predecessor company, Musical.ly

US plans to pay $850 million of $5 billion it owes United Nations

The US is behind on about $ 5 billion in dues related to its UN membership, with more than $ 2 billion owed toward the regular budget and $ 3 billion for peacekeeping operations

Trump calls Hormuz 'US territory', says Iran will never have nuclear weapon

Addressing a rally in Myrtle Beach, South Carolina, Trump said, "We cannot let them have a nuclear weapon; we cannot let Iran have a nuclear weapon, or you will see some very bad things

South Korea plans chip windfall fund to back youth, AI investment

The proposed "Future Response Fund" would finance programmes aimed at helping young people find jobs, buy homes and start families, while also ‌supporting investments in AI, more

How the AI borrowing binge helps drive US government bond yields

Analysts said the recent rise in Treasury yields partly reflected expectations that AI-driven growth could push the Fed to keep rates elevated.

Mirza Fakhrul Islam Alamgir takes oath as Bangladesh's President

Alamgir, 78, a longtime secretary general of the ruling Bangladesh Nationalist Party (BNP), was administered the oath of office by Jatiya Sangsad (Parliament) Acting Speaker Kayser Kamal

China moves to wrap up saga of troubled property giant Evergrande

A court in southern China's Guangzhou said Friday it had accepted a bankruptcy liquidation case against Evergrande's mainland Chinese property development unit

Samsung Electronics expects shareholder returns up to $80 billion this year

Samsung Electronics also said on Friday it has bought back shares worth 15 trillion won for employee stock bonuses.

Iran vows 'devastating' response as US threatens toughest ever economic hit

The chief of staff of Iran's Armed Forces, Major General Ali Abdollahi, said the Islamic Republic's reaction would be broad and decisive.

No decision yet on PM Tarique Rahman's visit to India: B'desh govt official

The South Asian neighbours have been in talks ‌for weeks regarding Rahman's first trip to ​New Delhi since taking ​office in February

China to revise outbound investment regulations to protect investors' right

The revised ​regulations would cover outbound investments by companies, other organisations and individuals, expanding from existing rules, which came into effect in 2018

Indonesia, China discuss increasing defence cooperation and energy security

Wang said their new bilateral dialogue will "send a clear signal to the world of solidarity and cooperation between our two major emerging-market countries"