World Business Report Canadians are voting in an election dominated by the global trade war
Devina Gupta hears from the BBC's economics editor Faisal Islam, who is in Ottawa, and Dan Kelly, president of the Canadian Federation of Independent Businesses.
And the Spanish prime minister, Pedro Sanchez, has urged people not to speculate over the cause of a massive power cut that's affected millions of people across Spain and Portugal.
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The Guardian
21 minutes ago
- The Guardian
Trump news at a glance: DC crackdown expands with national guard to be deployed by three more states
After deploying the national guard to the streets of Washington DC, Donald Trump's federal crackdown is moving into a new phase. Three more states – West Virginia, South Carolina and Ohio – have said they will deploy hundreds of national guard troops to DC in the coming days. But crime prevention workers say the move will do little to prevent crime, and address systemic cycles of violence and property crime. Anticipating a further rollout of the controversial policy, Democratic cities are preparing for the worst with mayors from Seattle to Baltimore vowing to protect their cities legally and otherwise. Here are the key stories at a glance. Three states have moved to send hundreds of members of their national guard to the nation's capital as part of the Trump administration's effort to overhaul policing in Washington DC through a federal crackdown. West Virginia said it was deploying 300 to 400 guard troops while South Carolina pledged 200 and Ohio said it would send 150 in the coming days. Read the full story In a combative series of interviews on Sunday, the US secretary of state, Marco Rubio, said that 'both sides are going to have to make concessions' for there to be a peaceful resolution to the war that erupted when Russia invaded Ukraine in 2022. 'You can't have a peace agreement unless both sides make concessions – that's a fact,' the Trump administration's top diplomat told ABC on Sunday. 'That's true in virtually any negotiation. If not, it's just called surrender. And neither side is going to surrender. So both sides are going to have to make concessions.' Read the full story A Texas judge has expanded a restraining order against former congressman Beto O'Rourke and his political organization over its fundraising for Democratic state lawmakers who left Texas to prevent a legislative session on congressional redistricting. Read the full story When Donald Trump's Department of Justice requested the release of grand jury transcripts in criminal proceedings against sex-traffickers Jeffrey Epstein and Ghislaine Maxwell, the move did little to quiet an ever-growing chorus of critics frustrated by the US president's backtracking over disclosing investigative files. Read the full story Trump hiked tariffs on US imports. Now he's looking at exports – sparking fears of a 'dangerous precedent', writes Lauren Arantani in this analysis. US state department stops issuing visas for Gaza's children to get medical care after far-right campaign. Catching up? Here's what happened Saturday 16 August.
Reuters
21 minutes ago
- Reuters
Gold rebounds from two-week low; Trump-Zelenskiy meeting in focus
Aug 18 (Reuters) - Gold rose after hitting a two-week low, supported by lower U.S. Treasury yields as investors awaited U.S. President Donald Trump's meeting with Ukrainian President Volodymyr Zelenskiy and European leaders to discuss a peace deal with Russia. Spot gold was up 0.3% at $3,345.64 per ounce, as of 0156 GMT on Monday, after hitting its lowest level since August 1. U.S. gold futures for December delivery rose 0.3% to $3,391.80. "Gold was on the back foot to start the day, but ... was able to reverse course with buyers stepping up to around the $3,330 level as a value play. U.S. treasury yields gave up some of Friday's gains which also helped to make life easier for the gold price," said Tim Waterer, chief market analyst at KCM Trade. European leaders are set to join Zelenskiy for discussions with Trump. Russia would relinquish tiny pockets of occupied Ukraine and Kyiv would cede swathes of its eastern land which Moscow has been unable to capture, under peace proposals discussed by Russia's Vladimir Putin and Trump at their Alaska summit, sources briefed on Moscow's thinking said. "We are seeing limited moves in either direction ahead of what could be some lively meetings in the White House this week with Zelenskiy back in town," Waterer said. Meanwhile, benchmark 10-year U.S. Treasury yields eased from more than two-week high level. Investors are also looking ahead to the Federal Reserve's annual symposium in Jackson Hole, Wyoming. Economists polled by Reuters largely expect the Fed to announce a rate cut in September, its first this year, with a possible second cut by the year-end amid mounting U.S. economy woes. Non-yielding bullion, considered a safe-haven assets during periods of uncertainity, tends to perform well in low-interest-rate environment. Elsewhere, spot silver rose 0.3% to $38.08 per ounce, platinum gained 0.8% to $1,346.61 and palladium was up 1.3% to $1,126.85.
BBC News
an hour ago
- BBC News
Global News Podcast European leaders to join Trump-Zelensky meeting
Several European leaders are to join the Ukrainian President, Volodymyr Zelensky, in Washington on Monday, where he's due to hold talks with Donald Trump at the White House. During a virtual meeting in Brussels, the "coalition of the willing" said they would seek robust security guarantees for Ukraine in the event of any deal with Russia. Earlier the US president's special envoy, Steve Witkoff, said land concessions to Russia would be a choice for Ukraine. Also: huge crowds have gathered in Israel calling for a hostage deal and an end to the war in Gaza; and the actor Terence Stamp, who starred as Superman villain General Zod, dies aged 87. The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight. Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment. Get in touch: globalpodcast@
