India signals willingness for a broad trade pact with the US ahead of July 9 tariff deadline. But Finance Minister Nirmala Sitharaman said agriculture and dairy sectors remain non-negotiable red lines
As foreseen: swings in sovereign bond markets have been sharp, the Japanese yen rallied, and a comeback for emerging markets is finally materialising
Canada withdraws digital tax on US tech firms, prompting resumption of trade talks with Washington; Mark Carney, Donald Trump aim to meet July 21 deadline set during G7 Summit in Kananaskis
Debate is underway in the Senate for an all-night session Sunday, with Republicans wrestling President Donald Trump's big bill of tax breaks and spending cuts over mounting Democratic opposition and even some brake-pumping over the budget slashing by the president himself. The outcome from the weekend of work in the Senate remains uncertain and highly volatile, and overnight voting has been pushed off until Monday. GOP leaders are rushing to meet Trump's Fourth of July deadline to pass the package, but they barely secured enough support to muscle it past a procedural Saturday night hurdle in a tense scene. A handful of Republican holdouts revolted, and it took phone calls from Trump and a visit from Vice President JD Vance to keep it on track. GOP Senator Thom Tillis of North Carolina announced Sunday he would not seek reelection after Trump badgered him for saying he could not vote for the bill with its steep Medicaid cuts. A new analysis from the nonpartisan Congressional Budge
Two of today's pieces weigh in on President Trump's proposed ban on birthright citizenship and its wider consequences.
Mr Trump's actions in this sphere, because of their extreme nature and the dangerous rhetoric that accompanies them, receive the most attention
Such a trade-off is faced by all the central bank chiefs who will speak on the panel in the hilltop resort of Sintra
"We have a buyer for TikTok, by the way," Trump said. "I think I'll need probably China's approval. I think President Xi will probably do it."
US President Donald Trump last week said "a very big" deal with India was likely soon amid hardening stance of both the nations
US President Donald Trump on Sunday pleaded for progress in ceasefire talks in the war in Gaza, calling for a deal that would halt the fighting in the 20-monthlong conflict as the sides appeared to be inching closer to an agreement. An Israeli official said plans were being made for Prime Minister Benjamin Netanyahu to travel to Washington, D.C., in the coming weeks, a sign there may be movement on a new deal. The official declined to discuss the focus of the visit and spoke on condition of anonymity to discuss plans that had not yet been finalized. MAKE THE DEAL IN GAZA. GET THE HOSTAGES BACK!!! Trump wrote on his social media platform Truth Social early Sunday between posts about a Senate vote on his tax and spending cuts bill. Trump raised expectations Friday for a deal, saying there could be a ceasefire agreement within the next week. Taking questions from reporters, he said, We're working on Gaza and trying to get it taken care of. Trump has repeatedly called for Israel and Ha
Senate Republicans voting in a dramatic late Saturday session narrowly cleared a key procedural step as they race to advance President Donald Trump's package of tax breaks, spending cuts and bolstered deportation funds by his July Fourth deadline. The tally, 51-49, came after a tumultuous session with Vice President JD Vance on hand if needed to break the tie. Tense scenes played out in the chamber as voting came to a standstill, dragging for hours as holdout senators huddled for negotiations. In the end, two Republicans opposed the motion to proceed to debate, joining all Democrats. It's still a long weekend of work to come.
At some 940-pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations. Now it's up to Congress to decide whether President Donald Trump's signature's domestic policy package will become law. Trump told Republicans, who hold majority power in the House and Senate, to skip their holiday vacations and deliver the bill by July 4. Senators were working through the weekend to pass the bill and send it back to the House for a final vote. Democrats are united against it. Here's the latest on what's in the bill. There could be changes as lawmakers negotiate. Tax cuts are priority Republicans say the bill is crucial because there would be a massive tax increase after December when tax breaks from Trump's first term expire. The legislation contains roughly USD 3.8 trillion in tax cuts. The existing tax rates and brackets would become permanent under the bill. It temporarily would
Netanyahu was indicted in 2019 in Israel on charges of bribery, fraud and breach of trust - all of which he denies
US President Donald Trump on Friday (US local time) reiterated how the nuclear sites in Iran were obliterated and said that Iran has to come back to the world order flow
Elon Musk on Saturday doubled down on his distaste for US President Donald Trump's sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries. The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country, Musk wrote on X on Saturday as the Senate was scheduled to call a vote to open debate on the nearly 1,000-page bill. It gives handouts to industries of the past while severely damaging industries of the future. The Tesla and SpaceX CEO, whose birthday is also Saturday, later posted that the bill would be political suicide for the Republican Party". The criticisms reopen a recent fiery conflict between the former head of the Department of Government Efficiency and the administration he recently left. They also represent yet another headache for Republican Senate leaders who have spent the weekend working overtime to get the
Officials from the G7 said they look forward to coming up with a solution that is "acceptable and implementable to all," according to the statement
Putin's remarks came just days after the Nato summit in The Hague, where the alliance's members committed to increasing defence expenditure to 5 per cent of GDP by 2035
Democratic efforts in the Senate to prevent President Donald Trump from further escalating with Iran fell short Friday, with Republicans opposed to a resolution marking Congress' first attempt to reassert its war powers following US strikes on Iranian nuclear sites. The resolution, authored by Sen Tim Kaine of Virginia, aimed to affirm that Trump should seek authorisation from Congress before launching more military action against Iran. Asked Friday if he would bomb Iranian nuclear sites again if he deemed necessary, Trump said, "Sure, without question." Passage of the resolution was seen as a long shot. Republicans have a 53-47 majority in the Senate, and have overwhelmingly stood with the president in support of his decision to strike Iran. Most say that Iran posed an imminent threat that required decisive action from Trump, and they backed his decision to bomb three Iranian nuclear sites last weekend without seeking congressional approval. "Of course, we can debate the scope and
A federal appeals court panel on Friday stayed a lower court ruling that blocked the Trump administration from moving forward with dismantling the US Institute of Peace, an organisation taken over in March by the Department of Government Efficiency, then led by Elon Musk. The three-judge panel with the US Appeals Court for the District of Columbia Circuit issued the stay, saying the Trump administration's appeal of US District Court Judge Beryl Howell's opinion would likely succeed on the merits. The stay added that the president would face "irreparable harm from not being able to fully exercise his executive powers." The judges said in their decision that the nonprofit think tank that focuses on peace initiatives engaged in activities that fall under the purview of the executive branch. The appeal's court action is the latest turn in the government's shutdown of the USIP, which had been turned back over to the organisation's board and acting president following Howell's May 19 ...
Donald Trump claimed he 'saved' Khamenei from an 'ugly and ignominious death', prompting Iran to denounce his remarks and warn against using a 'disrespectful, unacceptable tone'