China AI

China Moves to Cap Imports of Advanced AI Chips, Exploring Controlled Purchases From Nvidia Instead of an Outright Ban

China is moving to establish new rules governing how many advanced artificial intelligence (AI) chips domestic companies can purchase from foreign suppliers such as Nvidia, a step that could reshape Beijing’s approach to managing access to critical U.S. technology amid...
Donald Trump

Trump says Venezuela may benefit from staying in OPEC, but U.S. interests unclear

U.S. President Donald Trump said on Wednesday he believes it would be better for Venezuela to remain a member of the Organization of the Petroleum Exporting Countries (OPEC), while adding that he was uncertain whether such an arrangement would serve...
Iran

Trump Signals Possible Pause in Iran Military Action After Receiving Assurances Crackdown on Protesters Has Ended

President Donald Trump signaled a possible pause in US military action against Iran on Wednesday, saying he had received assurances from sources inside the country that the government had stopped killing protesters amid weeks of nationwide unrest. Speaking to reporters...
Fed Chair Jerome Powell

Donald Trump Says He Has ‘No Plan’ to Fire Fed Chair Jerome Powell, but Leaves Door Open as Justice Department Probe Deepens

President Donald Trump on Tuesday insisted he has no immediate plan to fire Jerome Powell, even as the Justice Department probes a renovation project at the US central bank. “I don’t have any plan to do that,” Trump told reporters,...
China Trade - Container terminal in Shanghai, China

China Posts Record $1.19 Trillion Trade Surplus in 2025 as Exporters Pivot to Southeast Asia, Africa, and Latin America Amid Renewed US Tariff Pressures

China reported a historic trade achievement in 2025 on Wednesday, posting a record US$1.189 trillion trade surplus as exporters adapted to renewed US tariff pressures under the second Trump administration. The figure, comparable to the GDP of a top-20 global...
Oil

Oil Erases Earlier Drop, Climbs Above $65 as Traders Await U.S. Response to Iran Unrest and Personnel Advisory at Qatar Air Base

Oil prices erased earlier losses and steadied Wednesday amid intensifying geopolitical tensions tied to unrest in Iran and unfolding U.S. policy responses. Brent crude traded above $65 a barrel, holding onto gains after topping the previous four sessions with more...
Computer motherboard, illustration

Beijing Tells Chinese Firms to Stop Using U.S. and Israeli Cybersecurity Software Over National Security Concerns

Chinese authorities have instructed domestic companies to stop using cybersecurity software produced by around a dozen firms from the United States and Israel, citing national security concerns, according to two people briefed on the matter. Among the affected U.S. companies...
Greenland

Greenland Showdown Puts NATO Unity at Risk as Denmark Faces Trump Administration’s Push for Control of Arctic Island

Greenland and Denmark are preparing for what officials describe as the most consequential talks of their careers as they head to Washington to confront renewed pressure from the Trump administration over the Arctic territory — a dispute that threatens to...
US Dollars

US December Budget Deficit Jumps to Record $US145 Billion as Military Spending Surges and Tariff Revenues Show Signs of Levelling Off

The US government posted a $US145 billion ($A217 billion) budget deficit in December, marking a sharp deterioration in the monthly fiscal position and highlighting the impact of higher spending, calendar shifts in benefit payments and signs that tariff-related revenue growth...
Donald Trump Appears to Swear and Flip the Bird at Factory Worker During Ford Plant Visit in Michigan

Trump Appears to Swear and Flip the Bird at Factory Worker During Ford Plant Visit in Michigan

US President Donald Trump appeared to swear and make an obscene gesture toward a factory worker during a widely circulated video of his visit to a Ford plant in Dearborn, Michigan, on Tuesday. The exchange occurred as Trump toured the...
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