House Democrats and the Trump administration have reached a consensus on moving forward with the USMCA trade agreement. Yahoo Finance’s Zack Guzman, Heidi Chung, Rick Newman and Payne Capital Management President Ryan Payne break it down on YFi PM.
Georgia's parliament green-lit a final vote on a proposed law that critics see as a threat to media freedom and the country’s aspirations to join the European Union on Monday, a day after police dispersed the latest protests against it. The bill is nearly identical to one that the governing Georgian Dream party was pressured to withdraw last year after street protests. Renewed demonstrations have rocked Georgia for weeks, with demonstrators scuffling with police, who used tear gas and water cannons to disperse the crowds.
Germany's domestic intelligence agency was justified in designating the far-right Alternative for Germany as a suspected case of extremism, a court ruled Monday, rejecting an appeal from the opposition party. The administrative court in Muenster ruled in favor of the BfV intelligence agency, upholding a 2022 decision by a lower court in Cologne, German news agency dpa reported. Alternative for Germany, or AfD, has rejected the designation strongly.
An Australian judge Monday lifted a ban on the social media platform X showing Australians a video of a bishop being stabbed in a Sydney church. The temporary ban was put in place April 22, but the judge rejected the application from Australia’s eSafety Commission to extend the court order that would have expired Monday. Australian Federal Court Justice Geoffrey Kennett said he would publish his reasons for imposing and lifting the order later.
China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced Monday, as Beijing looks to increase support for the world's second-largest economy.The Ministry of Finance did not specify the number of bonds that will be issued.
Equities fluctuated Monday with traders taking a breather after the past weeks' healthy run as they absorbed weak Chinese data and news that Beijing planned to start selling almost $140 billion of bonds to boost the stuttering economy.Investors did take some heart after it emerged that Chinese authorities were set to begin selling the first batch of almost $140 billion in sovereign bonds this week to raise cash to boost the economy.
Flash flooding could strike across the South early this week as yet another round of severe storms drench already saturated ground, including parts of Texas where hundreds of people were rescued during torrential downpours last week.
The number of people killed by flash floods and cold lava flow from a volcano in western Indonesia over the weekend has risen to 41 with 17 more missing, a local disaster agency official told AFP Monday.But from this morning it has grown again, the figure reached 41 (dead)," Ilham Wahab, West Sumatra disaster mitigation agency official, told AFP. Rescuers were searching for 17 still missing, three in Agam district and 14 in Tanah Datar, both the worst-hit areas of the flood and home to hundreds
Israeli tanks, under cover of heavy fire from air and ground, pushed further into Jabalia in the northern Gaza Strip on Monday, residents and Hamas media said, while tanks and troops crossed a key highway on the outskirts of Rafah in the south. In Jabalia, tanks were trying to advance towards the heart of the camp, the biggest of Gaza's eight historic refugee camps. Residents said tank shells were landing at the centre of the camp and that air strikes had destroyed clusters of houses.
Chinese banks are tightening scrutiny over trade with Russia for fear of incurring strict new US sanctions over the Ukraine war, testing the "no limits" friendship between the two countries.But Washington's recent vow to go after financial institutions that help Moscow fund the conflict has tested the boundaries of Beijing's bonhomie -- and left its banks fearful of getting cut off themselves.
At least 37 people have been killed, and more than a dozen injured on the Indonesian island of Sumatra after heavy rains triggered flash flooding and a cold lava flow from an active volcano, search and rescue officials said on Sunday.
The long-haul carrier Emirates announced Monday it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations. Emirates, owned by Dubai's government, announced revenues of $33 billion, compared to $29.3 billion the year before. “Throughout the year, we saw high demand for air transport and travel related services around the world, and because we were able to move quickly to deliver what customers want, we achieved tremendous results,” Sheikh Ahmed bin Saeed Al Maktoum, the chairman and CEO of Emirates said in a statement.
Lithuanian President Gitanas Nausėda won the most votes in a weekend presidential election, officials said Monday, but he still faces a runoff in two weeks against Prime Minister Ingrida Šimonytė. Nausėda won 44% of the votes and Šimonytė nearly 20%, according to preliminary results published by Lithuania's Central Electoral Commission. It asked whether the constitution should be amended to allow dual citizenship, a decision that would have affected hundreds of thousands of Lithuanians living abroad.
South Africans will vote in a national election on May 29 with an unprecedented sense of uncertainty about the outcome, as polls suggest the African National Congress will lose its majority after 30 years in power. With coalition government looking like a possibility for the first time since the end of apartheid, a dizzying array of 70 parties from Marxists to social democrats to free marketeers are vying for voters' attention in the last weeks of campaigning. The following are the key issues that matter to voters who will elect a new National Assembly that will then choose the next president.
Millions of Indians across 96 constituencies began casting their ballots on Monday as the country's gigantic, six-week-long election edges past its halfway mark. Prime Minister Narendra Modi is seeking a third straight term with an eye on winning a supermajority in Parliament. Monday’s polling in the fourth round of multi-phase national elections across nine states and one union territory will be pivotal for Modi’s Hindu nationalist Bharatiya Janata Party, as it includes some of its strongholds in states like Uttar Pradesh and Madhya Pradesh.
Two passengers and a pilot emerged unscathed from a small plane after it was forced to land without landing gear following a mechanical failure at Newcastle Airport in Australia’s New South Wales.
A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S. electric vehicles that cost three times as much. Tariffs on imported Chinese vehicles will keep the Seagull out of America for now, and it likely would sell for more than 12 grand if imported.
A Chinese citizen journalist who has been behind bars for four years over her reporting on the initial Covid-19 outbreak in Wuhan is due to be released Monday after serving her sentence, according to supporters and a court verdict.
Indonesia's Ibu volcano erupted on Monday morning, spewing thick columns of grey ash several kilometres into the sky, the country's volcanology agency said. The volcano on the remote island of Halmahera erupted at 9.12 a.m. (0012 GMT) for about five minutes, projecting ash into the sky as high as 5 km (3.1 miles), officials said.
Greek Prime Minister Kyriakos Mitsotakis will visit Turkey on Monday for talks with Turkish President Tayyip Erdogan aimed at maintaining the positive momentum achieved in bilateral ties in recent months despite lingering problems between the neighbours. Turkey and Greece, NATO allies and historic foes, have long been at odds over issues including maritime boundaries, energy resources in the eastern Mediterranean, flights over the Aegean Sea, and ethnically split Cyprus. After years of tensions that brought the two to the brink of conflict, Ankara and Athens started taking high profile steps to improve their ties in recent years, notably last year after both leaders were re-elected.
Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil prices fell. The release of weak Chinese lending data and news that the U.S. government plans to raise tariffs on a raft of Chinese exports were weighing on sentiment.
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