The chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded. Trump has repeatedly urged Powell to reduce borrowing costs in the US economy. On Tuesday, he said: “Anybody would be better than J Powell. He’s costing us a fortune because he…
TOKYO — Japanese trading house Marubeni has bought a U.S. maker of Japanese-style ice cream and aims to double its sales to $100 million in a few years. Marubeni — which counts Warren Buffett’s Berkshire Hathaway as an investor — said on Monday that it acquired all shares of Bubbies Homemade Ice Cream & Desserts in…
South Korea is looking for an extension to the July 9 tariff deadline as talks continue. The US has raised concerns over non-tariff barriers and broader defence. South Korea is not the only country looking to reach a deal with the US before the tariff deadline on July 9. “It seems some countries will reach…
This year’s Paris Fashion Week, showing Menswear for Spring/Summer 2026, just wrapped up this week and many are saying this week’s shows, in the country’s capital, heralded fashion’s transition into a new era. On hand to witness the fine tailoring, dynamic approaches to style, and lux were Black celebrities gracing the front row, some with…
Ana Faguy BBC News, Washington DC Getty Images JD Vance arrived at the Capitol at dawn and will likely play a key role in the fate of Trump’s bill US Senators have spent more than 24 hours negotiating amendments to a mega-bill on tax and spending that appears to have stalled without enough votes to…
Lauren Sánchez had a lovey-dovey exchange with Jeff Bezos after their extravagant Venetian nuptials. The couple chatted during a PDA-packed water taxi ride Saturday — and a lip reader broke down what the bride, 55, allegedly said. In one interaction, Sánchez thanked her new husband, 61, for helping her step into the watercraft, lip reader…
China’s state media is expanding its narrative influence in Italy through a new documentary glorifying Xi Jinping’s cultural agenda, backed by local partners. As Beijing builds ties with Italian outlets and officials, questions arise over propaganda, transparency, and strategic intentions Documentary debut. On 25 June, Xi Jinping’s cultural story—a “vivid” portrait of Chinese President Xi…
Elon Musk speaks with U.S. President-elect Donald Trump as they watch the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. Brandon Bell | Getty Images News | Getty Images Shares of Tesla were under pressure on Tuesday after President Donald Trump said in a late…
By Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and was a Senior Reporter before that, mostly covering U.S. news and politics. Shane joined Newsweek in February 2018 from IBT UK where he held various editorial roles covering different beats,…
Share ‘Alligator Alcatraz’ immigrant detention facility set to open, with Trump in attendance Trump will be in the Florida Everglades today for the opening of a controversial immigrant detention center spearheaded by state Republican leaders, which has faced vocal pushback from Democrats, Native American leaders and activist groups over humanitarian and environmental concerns. The facility,…