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UNITED NATIONS – UNICEF has projected that its 2026 budget will shrink by at least 20% compared to 2024, a spokesperson for the U.N. children’s agency said on Tuesday, after U.S. President Donald Trump slashed global humanitarian aid. In 2024,…
NEW YORK – A group of U.S. universities sued the Department of Energy in Massachusetts federal court on Monday over steep cuts to federal research funding in areas like advanced nuclear technology, cybersecurity, novel radioactive drugs, and upgrades to rural…
BRUSSELS – The European Union is seeking a fair deal on tariffs with the United States, European Trade Commissioner Maros Sefcovic said on Monday, adding that this would require a “significant joint effort” on both sides. “In DC,… seizing the…
WASHINGTON -The U.S. Justice Department on Monday said it has charged a man it suspected of carrying out two recent arson attacks against the New Mexico Republican Party’s headquarters and a Tesla dealership in the state. The criminal complaint, dated…
A legal advocacy group on Monday asked the U.S. Court of International Trade to block President Donald Trump’s sweeping tariffs on foreign trading partners, arguing that the president overstepped his authority. The lawsuit was filed by the Liberty Justice Center,…
A federal judge in Vermont questioned on Monday whether the Trump administration would instigate a “constitutional crisis” by not releasing a Turkish student at Tufts University from immigration custody if he concluded her arrest was unlawful. U.S. District Judge William…
WASHINGTON – U.S. President Donald Trump’s administration wants to halve the State Department budget, cutting more than $30 billion, in fiscal 2026, four U.S. officials familiar with the plan said on Monday – a massive reduction that could see nearly…
UNITED NATIONS – The U.N. Trade and Development agency urged U.S. President Donald Trump’s administration on Monday to exclude the poorest and smallest economies from reciprocal tariffs because it “would have minimal impact on United States trade policy objectives.” Trump…
Harvard President Alan Garber wrote in a public letter on Monday that Harvard had received demands from the federal Department of Education that threaten “our values as a private institution devoted to the pursuit, production, and dissemination of knowledge.” “No…
President Donald Trump’s administration on Monday asked a federal court to throw out a regulation capping credit card late fees at $8, saying it agreed with business and banking groups that alleged in a lawsuit that the rule was illegal….
The U.S. Department of Education said on Monday it was freezing about $2.3 billion in federal funds to Harvard University over the school’s decision to fight White House demands, including that it shut down diversity, equity and inclusion programs. “Harvard’s…
WASHINGTON – President Donald Trump said on Monday he believes Iran is intentionally delaying a nuclear deal with the United States and that it must abandon any drive for a nuclear weapon or face a possible military strike on Tehran’s…
BEIJING – The Chinese embassy in Argentina has called out U.S. Treasury Secretary Scott Bessent for “maliciously slandering and smearing” China for carrying out normal cooperation with other countries, expressing firm opposition to his remarks. “We advise the U.S. to…
DALIAN, China – When a Chinese pork producer filed for bankruptcy in 2019, the news came as a jolt to Alan Hill. The retired Apple executive from Albuquerque had invested about $100,000 last decade in Dalian Chuming Meat Processing through…
MOSCOW – Russia’s foreign minister said in an interview that it was not easy to agree with the United States on the key parts of a possible peace deal to end the war in Ukraine. “It is not easy to…
LONDON – Global investors have slashed their holdings of U.S. stocks by a record amount in the past two months, and think a trade war that triggers global recession is the biggest risk for markets, BofA Global Research said on…
BEIJING – China is tightening regulations on battery-powered vehicles and will require its automakers to comply with higher battery safety standards, aiming to reduce risks of fire and explosions in the fast-growing sector. The Ministry of Industry and Information Technology…
MOSCOW – Russia’s foreign spy service chief, Sergei Naryshkin, said that the security services of Russia and Belarus were ready to act proactively, given what he said was increased escalation from Europe over Ukraine, state news agency RIA reported on…
SEOUL – South Korea will seek to delay the implementation of tariffs as long as possible in negotiations with the United States, its finance minister said on Tuesday, as Seoul targets cooperation in areas of mutual interest such as shipbuilding…
GENEVA – The United Nations human rights office is concerned about the protection of civilians in Lebanon as Israeli military operations have continued to kill civilians since the ceasefire. “Israeli military operations in Lebanon continue to kill and injure civilians,…
LONDON -The European Union and Britain pledged on Tuesday to increase aid for Sudan ahead of a conference in London marking the second anniversary of a conflict that has displaced millions and devastated the country. Britain said the conference aimed…
Nvidia said it plans to build an AI infrastructure worth as much as $500 billion in the U.S. over the next four years through tie-ups with companies, including Taiwan’s TSMC. The announcement on Monday comes amid a growing push to…
Americans’ expectations for near-term inflation hit the highest level since the fall of 2023 in March, amid a souring in the public’s assessment of their personal finances and hiring prospects, a report from the Federal Reserve Bank of New York…
OTTAWA – The Bank of Canada is likely to pause its rate-cutting cycle this week as rising inflation, weakened employment and U.S. President Donald Trump’s retreat from sweeping reciprocal tariffs have reduced the urgency of economic stimulus. Odds for a…
HONG KONG – China has been looking at allowing Western firms such as Citadel Securities and Jane Street to act as market makers in its rapidly growing exchange-traded fund (ETF) sector, two people with direct knowledge of the matter said….
BEIJING – No country should bypass international laws to authorise resource exploration in the seabed, China’s foreign ministry said on Monday, following a report of U.S. plans to stockpile deep-sea metals to counter China’s dominance in the sector. The Trump…
SAO PAULO – Carrefour Brasil’s gross sales in the first quarter including fuel totaled 28.8 billion reais ($4.93 billion), a 3.6% increase from a year earlier, the retailer said in a securities filing on Sunday. In a separate filling, Carrefour…
LONDON – Investment flows into Chinese physically backed gold exchange-traded funds so far this month have exceeded those for the whole of the first quarter and overtaken inflows registered by U.S.-listed funds, World Gold Council data showed. Gold ETFs in…
BRASILIA – Brazil’s government raised the individual income tax exemption threshold to the equivalent of two minimum wages, updating a benefit that was in place last year to reflect this year’s increase in the minimum wage. The measure was signed…
MEXICO CITY – Mexican President Claudia Sheinbaum said on Monday that she had instructed Finance Minister Edgar Amador to speak with banks so they can lower interest rates for both commercial and development loans. Sheinbaum said that banks should follow…