Ottawa will remove some retaliatory duties but retain measures on vehicles, steel, and aluminium. Prime Minister Mark Carney announced Friday that Canada will scale back parts of its trade response against the United States, confirming that a portion of the tariffs on American products will be lifted while crucial duties on cars, steel, and aluminium remain in place. The changes begin on September 1. Shift follows stalled trade deadline The move comes shortly after Carney’s first phone conversation with President Donald Trump since both countries failed to meet their target date for finalizing a new trade pact. Canada had previously…
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US Secretary of Commerce Howard Lutnick announced on Friday that Washington will take a 10% ownership stake in Intel. “This historic agreement strengthens American leadership in semiconductors. It will grow our economy and protect our technological edge,” Lutnick wrote on X. He shared the message with a photo of himself alongside Intel CEO Lip-Bu Tan. President Donald Trump revealed the deal earlier in the Oval Office. He described it as “a great deal for them.” Shares of the Santa Clara-based chipmaker climbed more than 5% on Friday. Intel confirmed that the US government will invest $8.9bn (£6.6bn) in its common…
Administration Turns Attention to Key Cities President Donald Trump announced that his crime-control initiative will now expand to Chicago and New York, condemning Chicago as being in severe disorder and stating New York will follow. The effort continues a controversial federal campaign directed mainly at Democratic-led cities with Black mayors, fueling criticism from local officials. Troops in Washington to Be Armed Defense Secretary Pete Hegseth ordered that National Guard members stationed in Washington DC be issued weapons, reversing earlier plans to keep them unarmed. Around 2,000 troops are currently positioned throughout the capital, including units sent from Republican-led states. Military…
Asia leads cryptocurrency growth, and the United States has recently accelerated its push under Trump’s second presidency. Europe has instead focused on detailed oversight of the sector. Bitcoin, the first cryptocurrency launched in 2009, has soared in value from just cents to nearly $120,000. Once a niche alternative to state currencies, crypto has entered the mainstream, gaining the attention of investors, banks, and lawmakers. The EU’s MiCA directive sets the rules: customer funds must be held separately, companies face audits, registration fees, and strict identity checks. Supporters claim these standards provide clarity and customer protection. Opponents caution that such measures…
NATO Secretary General Mark Rutte said the security deal for Ukraine will include two layers: strengthening Ukraine’s military and securing commitments from the US and Europe to deter Russian aggression. He visited Kyiv and reaffirmed NATO’s “unwavering” and growing support. After meeting Volodymyr Zelenskyy, Rutte confirmed NATO plans funding to maintain a steady supply of US weapons to Ukraine. Rutte added that Donald Trump assured leaders the US will participate in providing Ukraine with security guarantees. Zelenskyy Demands Assurances Against Future Russian Attacks Rutte said Ukraine, the US, and Europe are coordinating to ensure Vladimir Putin never attempts another invasion.…
Elon Musk and his platform X have agreed to settle with former staff. The workers had sued the company for $500 million in severance pay. The settlement appeared in a court filing on Wednesday. Both sides asked the San Francisco appeals court to postpone a hearing. They want time to complete the paperwork. Lawsuit followed mass layoffs The dispute arose after Musk dismissed around 6,000 employees in 2022. That represented more than half of the company’s staff. Many of those workers filed lawsuits challenging the severance arrangements. Lawyers for the employees and representatives of X have not commented publicly. Court…
German prosecutors announced the arrest of Ukrainian citizen Serhii K., suspected of involvement in the 2022 Nord Stream explosions. Authorities detained him overnight in Italy’s Rimini province and identified him as one of the operation’s coordinators. Prosecutors released a statement confirming his alleged leadership role in the sabotage. Explosions Intensify Energy Crisis Explosions on 26 September 2022 struck the Nord Stream pipelines under the Baltic Sea, disrupting Russia’s gas supply route to Germany. The blasts ruptured Nord Stream 1, Moscow’s main gas export line until it halted supplies in August 2022. The attack also damaged Nord Stream 2, which never…
Duolingo apologised after a German exercise described Harry Potter author J.K. Rowling as mean. The company quickly deleted the content. The lesson asked whether students liked Harry Potter books. The suggested answer included criticism of the writer’s personality. In a statement, the platform said it regretted the offence caused and confirmed the lesson would disappear from the app. The controversy reflected ongoing debates over Rowling’s highly divisive remarks on trans rights, which many public figures and fans condemned. Actor Daniel Radcliffe expressed sadness over Rowling’s comments and explained he continues to support full equality for LGBTQ people. Public Reactions and…
Washington links tariff cut to EU legislation The United States will not lower its heavy duties on European cars until the European Union introduces new laws to reduce tariffs on American exports. A framework agreement outlines that Washington’s current 27.5% levy on EU-made vehicles and parts will only fall to 15% once Brussels moves forward with its own commitments. Details of the trade deal The accord was announced on 27 July by Donald Trump and European Commission president Ursula von der Leyen after talks at Trump’s Turnberry resort in Scotland. Under the deal, the EU has promised to scrap tariffs…
Sony will increase the price of the PlayStation 5 in the US by about $50 starting Thursday. The Japanese technology company faces mounting costs and a cooling video game market. Sony executive Isabelle Tomatis wrote in a blog post that the firm operates in a “challenging economic environment.” All three console versions will become more expensive. The Pro edition will now retail for $749.99. US tariffs drive price increases The decision follows tariffs imposed by President Donald Trump on several trade partners, including Japan. These tariffs sparked fears of rising costs. Tomatis said: “We made the difficult decision to raise…
