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Fate of USAID in the hands of Musk

NEW YORK | TASS | Entrepreneur Elon Musk who is in charge of the US Department of Government Efficiency (DOGE) has said that the process of dismantling the United States Agency for International Development (USAID) is underway. “We’re shutting it down,” Musk said in a broadcast on his X social …

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Latest U.S. tariffs draw opposition, retaliations

BEIJING | Xinhua |  U.S. President Donald Trump signed an executive order on Saturday to impose a 25-percent additional tariff on imports from Canada and Mexico and a 10-percent tariff hike on imports from China. The latest U.S. trade protectionist measure has drawn widespread opposition and immediate retaliations. Canada announced …

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Arab countries reject attempt to displace Palestinians

CAIRO | Xinhua | Egypt, Jordan, Saudi Arabia, Qatar, the United Arab Emirates (UAE), the Palestinian Authority (PA), and the Arab League (AL) stressed in a joint statement on Saturday the rejection of any attempt to displace Palestinians from the Gaza Strip and the occupied West Bank. The statement was …

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World’s richest people lose $108 bln due to DeepSeek traction

NEW YORK, the United States | TASS | The world’s richest people lost at least $108 billion after the decline of the main indices as the Chinese AI developer DeepSeek-R1 update emerged, Bloomberg reported. Billionaires whose fortunes are related to AI suffered the largest losses. The fortune of Oracle co-founder Larry Ellison …

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The Fed is running scared of Trump

  COMMENT | STUART P.M. MACKINTOSH | Donald Trump is back in the White House, and the technocrats are running for cover. Trump has made clear his desire to dismantle the “deep state,” which he depicts as a shadowy network of bureaucrats who “weaponize” the “power of the state” to “persecute …

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