China exemptions, India-Pakistan, DOGE and "Vladimir, STOP!"
Beijing has exempted some U.S. imports from its 125% tariffs. U.S. President Donald Trump says a Ukraine peace deal is 'close' as he calls on Russia's President Vladimir Putin to ' STOP '. India's army chief is in Kashmir after a deadly attack on tourists has ratcheted up tensions with Pakistan. Q1 earnings show that corporations around the world ran into a wall of uncertainty over Trump's shifting stance on trade. And 100 days of DOGE turns up lots of chaos and not so much efficiency.
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China grants some exemptions from US tariffs to limit trade war pain
Trump tells Putin to 'STOP' after Russian attack kills 12 in Kyi
Indian army chief in Kashmir as rising tensions with Pakistan spook markets
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North Wales Chronicle
9 minutes ago
- North Wales Chronicle
Four killed in Kyiv after Russian missile and drone attacks across Ukraine
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The Independent
10 minutes ago
- The Independent
Tesla shares rebound on news of Musk and Trump talks after explosive feud cost firm $99bn in a day
Tesla shares are poised to jump as much as 5.7 per cent when stock markets open in the US later today after the business took a $99bn (£73bn) hit following an explosive feud between Donald Trump and Elon Musk. The share price of the electric vehicle (EV) manufacturer tanked from more than $322 at the start of Thursday's trading to $284 at the end of the day, more than a 14 per cent drop as a result of a back-and-forth argument between the pair, which covered everything from government contracts to the Epstein files. However, a ceasefire of sorts appears to have been brokered, and the two are due to meet on Friday - resulting in some investors surging back into Tesla stock. Even so, with futures markets showing around a 5.7 per cent rise in pre-trading just before 9am BST, that still means the market capitalisation of Tesla - the measure of its overall value by share price - will have dropped a full $99bn in a day. After-hours trading shows the buying and selling of shares outside of regular stock market opening hours, mostly dominated by big corporate investors. That is reflected in the futures price, which shows the stock price that a company will 'open' at. The large sell-off means Tesla has again lost its status as a $1tn company, though it still ranks in the top ten largest American companies. The one-day cost to Mr Musk's net worth personally was around $34bn (£25bn), according to Bloomberg's Billionaires Index, at the time stock markets closed in the US. He remains the richest person on the planet by a distance. Separate from share price woes, Mr Trump's tax and spending Bill could be set to cost Tesla. Eliminating tax incentives for US buyers purchasing EVs, in addition to a similar scheme in California, could cost Tesla more than $3bn, analysts estimate. Outside of Tesla, Mr Musk's other business interests could be hard-hit too if the US president presses ahead with his threats to cancel government contracts with SpaceX. Other car manufacturers across the UK and Europe have not reacted with notable share price changes after the feud took place outside their trading hours on Thursday. German-listed Volkswagen, BMW and Mercedes were largely flat in early trading, with the UK's Aston Martin Lagonda up 2 per cent. Ferrari is listed in New York and is up 0.4 per cent in pre-trading, with General Motors at 0.5 per cent and Toyota's US listing set to open 0.3 per cent up.
NBC News
10 minutes ago
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U.S. hits International Criminal Court judges with sanctions over investigation into Israel
WASHINGTON — The Trump administration is slapping sanctions on four judges at the International Criminal Court over the tribunal's investigation into alleged war crimes by Israel in its war against Hamas in Gaza and in the West Bank. The State Department said Thursday that it would freeze any assets that the ICC judges, who come from Benin, Peru, Slovenia and Uganda, have in U.S. jurisdictions. The move is just the latest step that the administration has taken to punish the ICC and its officials for investigations undertaken against Israel and the United States. 'As ICC judges, these four individuals have actively engaged in the ICC's illegitimate and baseless actions targeting America or our close ally, Israel,' Secretary of State Marco Rubio said in a statement. 'The ICC is politicized and falsely claims unfettered discretion to investigate, charge, and prosecute nationals of the United States and our allies,' Rubio said. 'This dangerous assertion and abuse of power infringes upon the sovereignty and national security of the United States and our allies, including Israel.' In February, The Hague-based court's chief prosecutor, Karim Khan, was placed on Washington's list of 'Specially Designated Nationals and Blocked Persons,' barring him from doing business with Americans and placing restrictions on his entry into the U.S. Khan stepped aside last month pending an investigation into alleged sexual misconduct. Within minutes of the administration's announcement, the court condemned its actions. 'These measures are a clear attempt to undermine the independence of an international judicial institution,' ICC spokesperson Fadi El Abdallah said in a statement. The new sanctions target ICC Judge Reine Alapini-Gansou, who is from the West African country of Benin and was part of the pre-trial chamber of judges who issued the arrest warrant for Israeli Prime Minister Benjamin Netanyahu last year. She also served on the bench that originally greenlit the investigation into alleged Israeli crimes in the Palestinian territories in 2021. The 69-year-old was also part of the panel of judges who issued the arrest warrant for Russian President Vladimir Putin in 2023. Last year, a court in Moscow issued a warrant for her arrest. From Slovenia, Beti Hohler was elected as a judge in 2023. She previously worked in the prosecutor's office at the court, leading Israel to object to her participation in the proceedings involving Israeli officials. Hohler said in a statement last year that she had never worked on the Palestinian territories investigation during her eight years as a prosecutor. Bouth Luz del Carmen Ibáñez Carranza, from Peru, and Solomy Balungi Bossa, from Uganda, are appeals judges at the ICC. Each woman has worked on cases involving Israel. Neither the U.S. nor Israel is a member of and neither recognizes the legitimacy of the court, which has issued an arrest warrant for Netanyahu for alleged war crimes over his military response in Gaza after the Hamas attack against Israel in October 2023. Israel strongly denies the allegations. During his first term in office, Trump targeted the ICC with sanctions, voicing displeasure with investigations into Israel and complaints about alleged war crimes said to have been committed by U.S. troops in Afghanistan. Those sanctions were rescinded by President Joe Biden 's administration in early 2021. Rubio said the U.S. would continue to take action to protect its and Israel's interests at the court. 'The United States will take whatever actions we deem necessary to protect our sovereignty, that of Israel, and any other U.S. ally from illegitimate actions by the ICC,' he said. Liz Evenson, international justice director at Human Rights Watch, said the Trump administration's sanctions 'aim to deter the ICC from seeking accountability amid grave crimes committed in Israel and Palestine, and as Israeli atrocities mount in Gaza, including with U.S. complicity.' 'U.S. sanctions on ICC judges are a flagrant attack on the rule of law at the same time as President Trump is working to undercut it at home,' Evenson said in a statement. 'Sanctions are meant to put a stop to human rights violations, not to punish those seeking justice for the worst crimes.'
