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TOKYO — Donald Trump’s Liberation Day sure seems like a long time ago. In its place comes Capitulation Day, as the self-proclaimed “Tariff Man” caved in to China’s Xi Jinping faster than even the investment bulls had hoped.Blinked. Flinched. Retreated. Quit. Swerved. Blanched. Forfeited. Wavered. All are words America’s most mercantilist leader in 125 years hates now that they’re being used to describe how China outmaneuvered his White House with the tariff truce announced Monday in Geneva.Trump and his surrogates are pretzeling themselves trying to spin this as anything other than a disastrous climbdown. But there’s just no way to…
CNN — Three years after it seized control of Mariupol following a brutal 86-day siege, Russia is using a more subtle power to keep its grip on the Ukrainian port city: social media influencers. A CNN investigation found that residents of the occupied city, including schoolchildren, are being trained in new media programs and “blogger schools” with ties to the Russian state. Though their follower counts and overall reach pale in comparison to celebrity influencers, experts say that the Kremlin needs local voices to effectively promote life under Russia’s rule. “Just look what Russia is getting up to in Mariupol,”…
CNN — It started in the pub, over a couple of beers. Four ex-military friends had been speaking about taking on an adventurous trip to raise money for a veterans’ charity, when one brought up the prospect of summiting Everest. “We’re all busy people. My response was, ‘No way I can spend four to six, maybe even eight weeks out climbing Everest — it’s just almost impossible,” Al Carns, a British lawmaker told CNN. But one of his friends had a counter challenge: he had heard about a novel way of altering the acclimatization process that could allow them to…
As you sift among the various options for your short-term investments, keep these key items on your dashboard: yield, guarantees, liquidity and your individual situation. The short-term investments that promise the highest yields often come with at least some risk and/or constraints on your daily access to funds. It may be that you’re just looking for the highest safe yield and don’t care that much about liquidity. Or maybe having ready access to your funds is the name of the game.Also think through whether you value an ironclad guarantee or are willing to go without in exchange for a potentially…
DAMASCUS, Syria (AP) — Syrian President Ahmad al-Sharaa will not attend an Arab League summit in Iraq this week and the country’s delegation will be headed by the foreign minister, the president’s office said Tuesday.A short statement released by the office of President Ahmad al-Sharaa did not give a reason why he will not attend the summit but an invitation by the Iraqi government last month trigged sharp political divisions in Iraq. The summit is scheduled to be held in Baghdad on Saturday.Al-Sharaa and his interim government in Syria have been scrambling to establish ties with countries across the Middle…
LONDON (AP) — Human rights groups launched a court fight Tuesday challenging the U.K. government’s decision to supply parts for F-35 fighter jets, saying they are being used by Israel in Gaza in violation of international law.The legal challenge in the High Court alleges that the government is breaking domestic and international law and is complicit in atrocities against Palestinians by allowing essential components for the warplanes to be supplied to Israel.“There’s such clear evidence of the use of weapons parts from the U.K. being used in war crimes, including in genocide,” Sacha Deshmukh, chief executive of Amnesty International UK,…
CNN — Virat Kohli, one of India’s greatest ever players, announced his retirement from Test cricket on Monday. “It’s been 14 years since I first wore the baggy blue in Test cricket. Honestly, I never imagined the journey this format would take me on. It’s tested me, shaped me, and taught me lessons I’ll carry for life,” Kohli wrote on Instagram. “There’s something deeply personal about playing in whites. The quiet grind, the long days, the small moments that no one sees but that stay with you forever. As I step away from this format, it’s not easy – but…
KYIV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy said Tuesday that he will be waiting for Russian President Vladimir Putin in the Turkish capital this week to conduct face-to-face talks about the more than three-year war.Putin hasn’t yet said whether he will be at the talks, which U.S. President Donald Trump has urged the two sides to attend as part of Washington’s efforts to stop the fighting.Zelenskyy told reporters in Kyiv that he will be in Ankara on Thursday to conduct the negotiations. He plans to meet with Turkish President Recep Tayyip Erdogan and the two will wait for Putin…
TOKYO (AP) — Nissan is slashing about 15% of its global work force, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended amid slipping vehicle sales in China and other nations, and towering restructuring costs.Nissan Motor Corp. said it will reduce the number of its auto plants to 10 from 17, under what it called its recovery plan to carry out “decisive and bold actions to enhance performance and create a leaner, more resilient business that adapts quickly to market changes.” It did not say which plants were being closed…
CNN — Dallas Mavericks fans have spent the last few months in something akin to open rebellion against the team’s front office after franchise icon Luka Dončić was traded to the Los Angeles Lakers. On Monday, that all might have just become incredibly turbulent water under the bridge. The Mavs won the NBA lottery, getting the first pick in the draft and the chance to replace Dončić with Duke phenom Cooper Flagg. Going into the night with just a 1.8% shot of getting the No. 1 pick, the Mavericks might have just lucked into one of the all-time great draft…