Supreme Court Reviews Trump’s Bid to Limit Birthright Citizenship
The U.S. Supreme Court is considering President Trump’s executive order aimed at restricting birthright citizenship for children of certain non-citizen parents. The key legal question is whether courts can block such orders nationwide with injunctions. The ruling could reshape citizenship rules and executive power limits.
Trump Seals $200B in UAE Deals Focused on AI and Boeing
During his UAE visit, President Donald Trump announced over $200 billion in agreements, including a $14.5B Boeing aircraft order and a major AI partnership. The UAE will invest $1.4 trillion in U.S. AI and import Nvidia chips through 2027, strengthening tech and aviation ties.
Dollar, Yields Fall as Weak U.S. Data Fuels Fed Rate Cut Bets
The U.S. dollar and Treasury yields dropped Friday after softer economic data increased expectations of Federal Reserve rate cuts this year. Markets now anticipate over 50 basis points in cuts by December.
NATO Set to Adopt 5% Defense Spending Goal by June Summit
U.S. Secretary of State Marco Rubio says all NATO members are expected to commit to spending 5% of GDP on defense over the next decade by the June 2025 summit. The move, backed by Germany, follows pressure from former President Trump to increase military investment across the alliance.
Trump Visits UAE, Highlights Business and Interfaith Ties
President Donald Trump visited the UAE, attending a US-UAE Business Council event and touring the Abrahamic Family House in Abu Dhabi. The trip emphasized economic cooperation and interfaith dialogue.
UK to Double Settlement Wait Time for Some Migrants
The UK plans to extend the wait for permanent settlement from five to ten years for many migrants already in the country. The move aims to cut net migration but may affect nearly a million residents. A public consultation is expected before the change is finalized.
Chris Brown Arrested in UK Over 2023 Nightclub Assault
U.S. singer Chris Brown has been arrested in the UK and charged with grievous bodily harm in connection with an alleged assault at a London nightclub in February 2023. He was taken into custody in Manchester ahead of a concert and is due in court Friday.
Nvidia Plans China R&D Hub, CEO Meets Shanghai Mayor
Nvidia aims to open a research and development center in Shanghai, CEO Jensen Huang told Mayor Gong Zheng during an April meeting, Financial Times reports. The move signals Nvidia’s push to strengthen its China ties despite U.S. chip export curbs.
Richemont Shines with 7% Rise in Quarterly Sales Amid Luxury Market Slowdown
Richemont, the Swiss luxury goods group behind iconic brands like Cartier and Piaget, reported a 7% increase in quarterly sales, defying the broader industry slowdown. The growth was driven primarily by strong demand for high-end jewelry, with affluent consumers continuing to spend despite challenging economic conditions. The performance highlights Richemont’s resilience and strategic strength in […]
Rising Debt and Uncertainty Weigh on U.S. Dollar
Trade-related uncertainties, growing fiscal debt, and fading confidence in long-term U.S. exceptionalism are pressuring U.S. assets, with the dollar bearing the brunt. Once buoyed by strong valuations, the greenback is now losing its appeal as investors reassess its strength. Analysts note that persistent economic and geopolitical challenges are prompting a shift in sentiment, with markets […]