6 h. ago EU hits Musk’s X with US$140 million fine, risking Trump’s ire

The European Union hit Elon Musk’s X with a €120 million (US$140 million) fine on Friday for breaking its digital rules, in a move that risks a fresh clash with US President Donald Trump’s administration. The high-profile probe into the social media platform was seen as a test of the EU’s resolve to police Big Tech. US Vice-President J.D. Vance fired a warning against “attacking” US firms through “censorship” before the penalty was even made public. Imposing the first fine under its powerful...

Events

3 d. ago Why Trump’s US sovereign wealth fund brings high stakes and serious risks

The US Supreme Court lawsuit challenging President Donald Trump’s tariff war and the recent budget fight on Capitol Hill might have dragged down – if not sunk – one of Washington’s proposed tools to spearhead its strategic competition with China. Ten months after Trump’s executive order authorising the creation of the nation’s first-ever sovereign wealth fund (SWF), there are still few clues about how it can be funded, structured and managed, leaving a giant question mark on whether it could run...

Politics

3 d. ago Trump wants a sovereign wealth fund to compete with China. Big questions remain

The US Supreme Court lawsuit challenging President Donald Trump’s tariff war and the recent budget fight on Capitol Hill might have dragged down – if not sunk – one of Washington’s proposed tools to spearhead its strategic competition with China. Ten months after Trump’s executive order authorising the creation of the nation’s first-ever sovereign wealth fund (SWF), there are still few clues about how it can be funded, structured and managed, leaving a giant question mark on whether it could run...

Politics

8 d. ago China Warns of Nuclear Conflict Risks After Trump Orders Testing

China Warns of Nuclear Conflict Risks After Trump Orders Testing  Bloomberg.com

Events

3 w. ago Trump’s nuclear turn risks upsetting fragile global strategic balance

US President Donald Trump’s recent call for the military to immediately restart nuclear weapons testing, apparently ending a 33-year moratorium that began under president George H.W. Bush in 1992, has sent shock waves across the globe. The announcement was made via social media moments before the much-anticipated meeting between Trump and Chinese President Xi Jinping in Busan, South Korea, on the sidelines of the Asia-Pacific Economic Cooperation (Apec) summit, the first meeting between the...

Events

3 w. ago Gaza risks permanent partition between Israel and Hamas as Trump plan falters

A de facto partition of Gaza between an area controlled by Israel and another ruled by Hamas is increasingly likely, multiple sources said, with efforts to advance US President Donald Trump’s plan to end the war beyond a ceasefire faltering. Six European officials with direct knowledge of the efforts to implement the next phase of the plan told Reuters it was effectively stalled and that reconstruction now appeared likely to be limited to the Israeli-controlled area. That could lead to years of...

Politics