Page 571 - World News

Global stocks drift, dollar steadies as focus shifts to Asian currencies

In Asia, focus shifts to currencies after Taiwan dollar's surge, sparking speculation of regional FX revaluation to secure US trade concessions

Judge orders Trump admin to admit roughly 12,000 refugees amid legal battle

The order from US District Judge Jamal Whitehead followed arguments from the Justice Department and refugee resettlement agencies over how to interpret a federal appeals court ruling

China's services growth hits 7-month low as tariffs bite, PMI drops to 50.7

Despite stronger-than-expected economic growth in the first quarter, supported by government stimulus, China's economy contends with persistent deflationary risks

Donald Trump vows to meet Hollywood on tariff plan that shook industry

Film and entertainment figures struggled to interpret Trump's directive, which said the American movie industry is 'DYING' and cast foreign films as a national security threat

US lawmaker targets Nvidia AI chip smuggling to China with new bill

Both President Donald Trump and his predecessor, Joe Biden, have implemented progressively tighter export controls of Nvidia's chips to China

Shein, Temu ramp up digital advertising in UK, France as US tariffs hit

Shein boosted spending 35 per cent in France and the UK, while PDD Group's Temu increased by 40 per cent and 20 per cent month-over-month

Message app Signal, used by NSA Waltz, under probe for possible breach

A spokesperson for TeleMessage confirmed the inquiry in a statement on Monday and said the app's services have been temporarily suspended

Big four accounting firm PwC to lay off about 1,500 employees in US

The workforce reduction equates to approximately 2 per cent of our US firm, the spokesperson said

Trump's tariff order on foreign movies leaves film industry flummoxed

Slapping levies on an industry like film would mark a major extension of tariffs as a policy tool into services, for which the US runs a sizable trade surplus

Trump admin urges judge to dismiss lawsuit restricting abortion pill access

Justice Dept. stuck to Biden admin's legal approach, without directly addressing access to the drug used in the nation's most common abortion method

US labour dept to end mental health, child care benefits for own staff

DOL's Worklife4You programme, which offers prenatal kits for expecting parents, nurse visits to help with eldercare, and personal finance and wellness advice, is being discontinued effective May 9

Automaker Ford pulls outlook, sees $1.5 billion hit from Trump's tariffs

The automaker expects the duties to reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year

Washington lawyer sues Trump admin over revocation of security clearance

A lawsuit in Washington challenges a March memo revoking security clearances of attorney Mark Zaid and 14 others, deemed by the White House as no longer in the national interest

UBS agrees to pay $511 million to end Credit Suisse's US tax investigation

A Credit Suisse unit pleaded guilty to conspiring to help its customers hide more than $4 billion from the Internal Revenue Service in at least 475 offshore accounts, the Justice Department said

Trump admin halts new grants to Harvard over unmet White House demands

The action was laid out in a letter to Harvard's president and amounts to a major escalation of Trump's battle with the Ivy League school

US Army pauses helicopter flights near Washington airport after close calls

The pause comes after 67 people died in January when a passenger jet collided in midair with a Black Hawk helicopter at Reagan airport

US Defence Secretary directs 20% cut to top military leadership positions

In a memo dated Monday, Hegseth said the cuts will remove redundant force structure to optimize and streamline leadership

Troops to stay in Gaza for unspecified time as Israel approves takeover

The new plan, which was approved in an early morning vote by Israeli Cabinet ministers, also calls for hundreds of thousands of Palestinians to move to Gaza's south

Israeli bulldozers raze West Bank hamlet, displace dozens of Palestinians

Nine homes, five tents and five animal pens were demolished, said Mohammed Rabia, head of the village council in the area

US seeks to weaken global development finance efforts, shows UN document

With ongoing changes at the World Bank and International Monetary Fund in the fight against climate change already facing pushback from U.S. Treasury Secretary Scott Bessent