Chinese automaker BYD inked a deal with DeepSeek in order to co-develop new autonomous technology, in a threat to automakers like Tesla.
The Trump administration’s dismantling of the U.S. Agency for International Development is stiffing American businesses on hundreds of millions of dollars in unpaid bills for work that has already been done, according to a lawsuit filed Tuesday. The administration’s abrupt freeze on foreign aid also is forcing mass layoffs by U.S. suppliers and contractors for USAID, including 750 furloughs at one company, Washington-based Chemonics International, the lawsuit says. An organization representing 170 small U.S. businesses, major suppliers, an American Jewish group aiding displaced people abroad, the American Bar Association and others joined the court challenge.
The European Commission wants to revamp the next EU budget to help firms be more competitive, give more clout to EU foreign policy and influence the reforms and investments that each country pays for with EU cash, a document showed on Tuesday. This would be a major change to the way the EU budget is set up now, when one third of the money goes to support agriculture, one third to equalise the standards of living across EU regions and only the remaining third covers all other policies.
Four federal employees were fired Tuesday over payments to reimburse New York City for hotel costs for migrants, Department of Homeland Security officials said. On Monday, President Donald Trump's aide Elon Musk posted on X that his team had discovered payments used to house migrants in “luxury hotels” with money intended for disaster relief.
A new Gallup survey conducted the week following Trump’s inauguration found Obama, Bush and Clinton all above water.
Steve Bannon, a longtime ally of President Donald Trump, pleaded guilty Tuesday to felony fraud for helping to defraud donors who were giving money to build a wall at the southern U.S. border.
Business owners and consumers are starting to sour on Trump's economic plans. Will he notice?
A federal judge on Tuesday ordered government agencies to restore public access to health-related webpages and datasets that they removed to comply with an executive order by President Donald Trump. U.S. District Judge John Bates in Washington agreed to issue a temporary restraining order requested by the Doctors for America advocacy group. On Jan. 20, his first day back in the White House, Trump signed an order for agencies to use the term “sex” and not "gender" in federal policies and documents.
Warrants were issued against a total of 183 people, 36 of whom were already in custody, for crimes including attempted murder, extortion and drug trafficking, police said.
The charges are one of several recent moves against international ransomware groups.
A report from the USAID inspector general says that almost $500 million in food assistance is sitting in ports, ships and warehouses.
European Union observers on Tuesday hailed Kosovo’s “peaceful and competitive” parliamentary election but criticized the left-wing government that won the most seats for polarizing the political debate. The EU’s 104-member Election Observation Mission was joined by the Council of Europe and other international and local organizations to monitor the Feb. 9 voting. Prime Minister Albin Kurti’s Self-Determination Movement Party, or Vetevendosje!, won the most seats but was left without a majority in the parliament, according to the Central Election Commission, the election governing body, forcing it to look for an ally to form the next government.
A judge ordered federal health agencies to restore webpages about medical treatments that were removed under a Trump administration order.
Tips to get it done: To make hitting IRA contributions more doable and palatable from a budgetary standpoint, put them on autopilot, instructing your investment provider to deduct whatever amount you can swing from your checking account on a monthly basis. If the conversion is done shortly after the contribution, the investments won’t likely rack up much gains in the interim, and any taxes on conversion are also apt to be limited. Tips to get it done: It’s wise to wait at least a few days after the contribution to make a conversion.
Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.
Federal Reserve Chair Jerome Powell offered some new assurances Tuesday about payments routed to the central bank from the Treasury Department, his first comments about the fallout resulting from Elon Musk’s access to a sensitive payments system.
Canada, Mexico and the EU on Tuesday slammed US President Donald Trump's "unjustified" decision to impose tariffs on steel and aluminium imports, which has raised fears of a broader trade war.In Monday's executive order, Trump said "all imports of aluminium articles and derivative aluminium articles from Argentina, Australia, Canada, Mexico, EU countries, and the UK" will be subject to additional tariffs.
The novelist Salman Rushdie showed a jury his blinded right eye on Tuesday as he testified against the man charged with trying to murder him at a talk at a rural New York venue in 2022.
Gold hovered near all-time highs on Tuesday as the threat of tariffs has sent prices up 10% year to date.
US farmers caught up in President Donald Trump's short-lived attempt to freeze all federal funding descended on Congress Tuesday to demand answers after grants to their politically influential sector were paused.- 'Provide immediate clarity' - Skylar Holden, a 27-year-old cattle farmer from the Midwestern state of Missouri told AFP that he has also had his USDA funding frozen in the wake of the OMB's short-lived funding freeze.