A handheld sign saying One Big Beautiful Bill at the Senate voting. (Photo/CCTV) Chongqing – On July 4, President Trump signed the One Big Beautiful Bill (OBBB) into law—a sweeping Republican-led package that cuts social programs, overhauls tax policy, and heightens global clean energy tensions, especially with China. “Make America Win Again?” Democrats have strongly…
A few days after Donald Trump signed the One Big Beautiful Bill that ended most subsidies for renewable energy, among many other things, the leading artificial intelligence (AI) company, Nvidia Corporation, became the first to pass $US4 trillion ($6.08 trillion) in value. And a few days after that, on Thursday, Bitcoin hit a new record…
US President Donald Trump’s latest tax and spending act might “cause some trouble” for China, according to analysts. However, they also said Beijing may be able to benefit in certain areas if the act – known officially as the One Big Beautiful Bill – generates further political instability and damages domestic industries such as the…
Chinese President Xi Jinping’s disappearance from public view for two weeks is raising questions about who controls the reins in Beijing. The development comes in the backdrop of reports that his successor Wang Yang, a technocrat, is being groomed to take over. All this and more in our weekly roundup of stories from around the…
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,…
On Saturday, as legislators began to digest the new text, Senator Brian Schatz declared on X not once, not twice, but three times that with the new penalty, this bill would on its own “kill” the U.S. solar energy industry, leading to energy shortages and raising costs across the board. “I promise you,” he wrote,…
In the House’s version of Trump’s One, Big, Beautiful Bill Act Republicans proposed denying tax credits to clean energy companies whose supply chains contained any ties — big or small — to China. The rules were so administratively and logistically difficult, industry leaders said, that they were effectively the same as killing the tax credits…