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KYIV, Ukraine (AP) — Ukraine’s capital came under a large-scale Russian drone and missile attack early Saturday with explosions and machine gun fire heard throughout the city, forcing many Kyiv residents to take shelter in underground subway stations. Emergency workers navigates his colleagues at the site of residential building damaged after a Russian attack in Kyiv, Ukraine, Saturday, May 24, 2025. (AP Photo/Alex Babenko) Emergency workers navigates his colleagues at the site of residential building damaged after a Russian attack in Kyiv, Ukraine, Saturday, May 24, 2025. (AP Photo/Alex Babenko)Read More The nighttime Russian attack came hours after Russia and…
A new partnership between Brazil’s national statistics agency and China’s data bureau is drawing sharp criticism from former Brazilian officials and researchers who warn that the move could undermine the agency’s credibility and commitment to transparency.The Brazilian Institute of Geography and Statistics (IBGE) confirmed on Thursday that it is deepening cooperation with China’s National Bureau of Statistics (NBS), following a visit by IBGE leadership to Beijing last week.The trip marked the implementation of a 2024 agreement and included new deals with Chinese academic institutions as well.As China has become the world’s second-largest economy, the reliability of its data has become…
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty ImagesPresident Trump’s social media tariffs threats against Apple and the European Union reflect a worrying issue for the markets and economy, according to trade experts and logistics experts: the negotiating process isn’t going the way Trump wants.”Trump is not wrong that the EU has been less forthcoming than other countries, but the EU also has good reason to be reluctant to engage in this kind of exercise, and so they…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: Stocks are pulling back Friday, but are well off their worst levels of the session. The S & P 500 , Dow and Nasdaq all down more than 2% for the week. After a brief period of calm in the trade war, tensions flared again on Friday as President Donald Trump announced he plans to recommend a 50% tariff on the European Union starting June 1, citing slow progress…
Apple’s laundry list of problems got even longer Friday morning, and Jim Cramer warned it could play right into the hands of an overseas competitor. By the afternoon, the story changed. Early Friday morning, Trump ramped up his pressure on Apple, which has been considering moving more iPhone production to India to lessen its reliance on China, given the long-simmering trade tensions between Washington and Beijing. “I have long ago informed Tim Cook of Apple that I expect their [iPhones] that will be sold in the United States of America will be manufactured and built in the United States, not…
Adviser to the Finance Minister, Khurram Schehzad, on Friday announced that the federal budget for the fiscal year 2025-26 will be presented on June 10. Earlier, Planning Minister Ahsan Iqbal announced that the federal government will present the next fiscal year’s budget on June 2, with a 16 per cent lower development allocation of Rs921 billion, resulting in the likely closure of about 200 ongoing development projects. The adviser published a post on X today, which read, “The Federal Budget for FY 2025–26 of Pakistan will be presented on June 10, 2025. “The Pakistan Economic Survey 2024–25 will be released…
Bitcoin dropped on Friday for the first session in four days away from recent record highs on profit-taking. Despite the loss, bitcoin is still heading towards the seventh weekly profit in a row amid strong purchases by global corporations. The Price Bitcoin fell 3.9% at Bitstamp to $107,367, with a session-high at $111,816. On Thursday, bitcoin rose 1.9% at Bitstamp, hitting a record high at $112,000. Crypto Market Value The market value of cryptocurrencies fell by over $50 billion today to a total of $3.575 trillion. Weekly Trades Bitcoin is up over…
European shares closed sharply lower on Friday after U.S. President Donald Trump ramped up threats of tariffs on the European Union and smartphone giant Apple, reigniting fears of a damaging global trade war. Trump said he is recommending a straight 50% tariff on goods from the EU starting on June 1, which would result in stiff levies on luxury items, pharmaceuticals and other goods. He also threatened Apple with a 25% tariff on any iPhones sold, but not manufactured, in the United States. “This latest move threatens a full-scale escalation of the global trade war. European markets will suffer, undoing…
Harvard sued US President Donald Trump’s administration on Friday over its move to revoke the university’s ability to enrol foreign students, about a fifth of whom hail from China.In a complaint filed in federal court in Boston, Harvard called the move a “blatant violation” of the US Constitution’s First Amendment and due process clause, noting that it had an “immediate and devastating effect” on the university and more than 7,000 visa holders.“With the stroke of a pen, the government has sought to erase a quarter of Harvard’s student body, international students who contribute significantly to the university and its mission,”…
Bitcoin dropped on Friday for the first session in four days away from recent record highs on profit-taking. Despite the loss, bitcoin is still heading towards the seventh weekly profit in a row amid strong purchases by global corporations. The Price Bitcoin fell 3.9% at Bitstamp to $107,367, with a session-high at $111,816. On Thursday, bitcoin rose 1.9% at Bitstamp, hitting a record high at $112,000. Crypto Market Value The market value of cryptocurrencies fell by over $50 billion today to a total of $3.575 trillion. Weekly Trades Bitcoin is up over…