Dollar Nears Six-Week Low as Trade War Hits U.S. Economy
The U.S. dollar hovered near a six-week low on Tuesday as mounting evidence of economic damage from President Donald Trump’s ongoing trade war weighed heavily on market sentiment. Weak manufacturing data and concerns over increased tariffs have raised fears of a broader slowdown. Investors remain cautious, with many shifting away from U.S. assets amid rising […]
Top Chinese General Xu Qiliang Dies at 75
Top Chinese general Xu Qiliang, a close ally of President Xi Jinping and former vice chair of the powerful Central Military Commission, died of illness at age 75 on Monday in Beijing, state media reported. Xu played a key role in modernizing China’s military and was the first air force officer to hold such a […]
Gold Retreats After Nearing Four-Week High Amid Dollar Rebound and Trade Jitters
Gold prices slipped on Tuesday after approaching a four-week high earlier in the session. The pullback came as the U.S. dollar staged a modest rebound and investors locked in profits. Market sentiment remains cautious amid ongoing uncertainty surrounding U.S. trade policies. Analysts note that while gold has recently benefited from safe-haven demand, fluctuations in the […]
China’s Factory Activity Shrinks in May, Hit by U.S. Tariffs
China’s factory activity contracted in May for the first time in eight months, according to a private-sector survey released today. The data signals that U.S. tariffs are beginning to take a direct toll on the world’s second-largest economy. The slowdown in manufacturing suggests weakening demand both at home and abroad, raising fresh concerns about China’s […]
Trump, Cabinet to Lead DOGE Efforts After Musk’s Exit
The White House announced that President Donald Trump and his Cabinet will take charge of the Department of Government Efficiency (DOGE) following Elon Musk’s departure. The initiative to cut government waste will continue under their leadership.
Hamas Seeks Changes to US-Backed Ceasefire; Trump Envoy Calls Response ‘Totally Unacceptable’
Hamas announced it is requesting amendments to a US-backed temporary ceasefire proposal with Israel in Gaza. However, US President Donald Trump’s envoy dismissed Hamas’s response as “totally unacceptable,” complicating efforts to achieve a ceasefire.
Two Dead as Celebrations Turn Deadly After PSG Champions League Win
Two people died after celebrations erupted into chaos following Paris St Germain’s Champions League title victory. The joyous revelry by soccer fans tragically escalated into violence, casting a shadow over the historic win.
Freedom Flotilla Ship Departs for Gaza After Drone Attack
The Freedom Flotilla Coalition announced that one of its vessels has left Catania en route to Gaza to deliver humanitarian aid. This follows a previous ship being struck by drones in May, underscoring ongoing risks in the mission to support Gaza.
Ukraine and Russia Escalate Conflict with Massive Drone Battle Ahead of Peace Talks
Ukraine and Russia intensified their war with one of the largest drone clashes of the conflict, just a day before proposed peace talks in Istanbul. The escalation casts doubt over the prospects for meaningful dialogue amid rising tensions.
U.S. Dollar Slips as Markets Eye Trump’s Tariff Policy
The U.S. dollar edged lower on Monday, retreating from last week’s gains as investors assessed the impact of President Donald Trump’s tariff policy. Markets are weighing the potential for slower growth and rising inflation amid trade tensions.