Page 489 - World News

WEF courts Christine Lagarde as next leader after founder's abrupt exit

As the board deals with the fallout, it still sees Lagarde as the top candidate and has held internal discussions on the matter since Schwab's resignation last month

JD Vance, Marco Rubio to attend Pope Leo XIV's inaugural mass on May 18

Pope Leo XIV is the first American Pope. Vice President Vance is the first Catholic convert to serve as Vice President, as per White House

Donald Trump to keep 30% China tariffs through late 2025, say analysts

US levies on Chinese products imposed this year will likely hold at 30 per cent through late 2025, according to a Bloomberg survey

Ukrainian man charged over fires at properties linked to UK PM Keir Starmer

The Metropolitan Police force said Roman Lavrynovych, who was arrested Tuesday, was charged with arson with intent to endanger life

SC may block Trump's birthright citizenship order, but limit injunctions

Judges have issued 40 nationwide injunctions since Trump began his second term in January

UN forecasts slower global growth following Trump's tariffs, trade tensions

UN economists also cited the volatile geopolitical landscape and threats of rising production costs, supply chain disruptions and financial turbulence

Zelenskyy names delegation for talks in Turkey, says ceasefire top priority

The Istanbul delegation will be led by Defence Minister Rustem Umerov and will include military and intelligence officials

Trump seals $200 bn UAE deals, Burj Khalifa lit up in US flag colours

Trump arrived in Abu Dhabi on Thursday, following earlier visits to Saudi Arabia and Qatar as part of his tour of the Middle East

Make in US, not in India, US president Donald Trump tells Apple CEO

Firms decide manufacturing based on competitiveness, say officials

Harvard's 'cheap' Magna Carta turns out to be rare 1300 royal edition

After the 1215 original printed by King John, five other editions were written in the following decades - until 1300, the last time the full document was set out and authorised by the king's seal

Fed chair Powell signals rethink of strategy on jobs and inflation risks

The Fed for now has said it would stay on the sidelines, with interest rates held steady in the current 4.25% to 4.5% range until those questions get resolved

Microsoft layoffs hit software engineers hardest amid rising AI spend

Microsoft on Tuesday said it would cut about 6,000 workers across the company. The Washington state data represents about a third of the total

Nothing will happen until I meet Putin: Trump on Russia-Ukraine peace talks

Donald Trump says no progress will be made in the Russia-Ukraine conflict until he meets Russian President Vladimir Putin directly, casting doubts on imminent peace talks

From terrorist to Trump's ally: Who is Syrian President Ahmad al-Sharaa?

Once hunted by the US with a $10 million bounty, Syria's interim president Ahmad al-Sharaa now shakes hands with Donald Trump in a rare and dramatic diplomatic U-turn

China to US ocean cargo bookings surge nearly 300% after tariff truce

The suspension of tariffs is pushing US importers to front-load orders from China, with shipping lines predicting an earlier-than-expected peak cargo season

Trump says he's not surprised Putin will skip Ukraine peace talks in Turkey

Trump had earlier suggested that he might attend the talks himself but said Thursday that US Secretary of State Marco Rubio is already in Turkiye meeting with NATO officials

Trump says US nearing nuclear deal with Iran, but some gaps remain

Trump claimed Iran had "sort of" accepted the nuclear deal terms, a day after calling Iran "the most destructive force" in West Asia at a US-Saudi investment forum in Riyadh

Trump or not, the EU has no plans to revive 2020 investment deal with China

The EU is unwilling to resume the 2020 China investment deal despite diplomatic signals, focusing instead on trade imbalances and Beijing's industrial overcapacity

Oil slumps nearly 4% on US-Iran deal hopes as stock rally eases

It was not just Brent that was impacted. Europe's oil and gas stocks toppled back nearly 2%, while government bonds of rival producers from Angola to Nigeria also took a hit

Donald Trump tells Apple's Tim Cook not to manufacture iPhones in India

Earlier this month, Tim Cook stated that India will play a significant role in making iPhones destined for the US market