money Biden sees ‘stiff competition with China’ on being the leading country in the world
Yahoo Finance’s Alexis Christoforous and Jessica Smith discuss Biden’s press conference and address the relationship between the U.S. and China.
Yahoo Finance’s Alexis Christoforous and Jessica Smith discuss Biden’s press conference and address the relationship between the U.S. and China.
Small business owners feel uncertain about the future in February, as they continue to deal with lingering inflation and labor challenges.
Pope Francis' health has shown improvement and doctors say he is no longer in immediate danger due to pneumonia, the Vatican said.
Ireland is among countries vulnerable to changes in the global economy proposed by U.S. President Donald Trump, with a significant proportion of employment, tax receipts and exports all directly dependent on a cluster of U.S. multinational firms. Mostly U.S.-owned foreign multinationals, mainly in the technology and pharmaceutical sectors, employ about 11% of Irish workers after successive Irish governments over decades prioritised their jobs and tax dollars. That does not include those employed by Ireland's large accountancy and legal industries that support the U.S. firms and jobs in the wider economy dependent on the multinational firms' highly paid employee's spending.
Irish Prime Minister Micheál Martin faces a diplomatic balancing act during talks with Donald Trump on Wednesday, with Ireland among the countries most vulnerable to the U.S. president's economic plans. The annual White House meeting to mark St Patrick's Day is usually relatively straightforward for the country of 5.4 million, symbolised since the 1950s by the gifting of a bowl of shamrock to the president in the Oval Office. Recent meetings were with Trump's proudly Irish-American predecessor Joe Biden.
Republicans will face a critical test of their unity when a spending bill that would avoid a partial government shutdown and keep federal agencies funded through September comes up for a vote. Speaker Mike Johnson, R-La., is teeing up the bill for a vote as soon as Tuesday despite the lack of buy-in from Democrats, essentially daring them to oppose it and risk a shutdown that would begin Saturday if lawmakers fail to act. Republicans will need overwhelming support from their members in both chambers — and some help from Senate Democrats — to get the bill to President Donald Trump’s desk.
In fewer than 500 carefully chosen and somewhat opaque words, the Supreme Court has now weighed in twice on President Donald Trump's rapid-fire efforts to remake the federal government. The justices did not give Trump's administration what it sought. The court rejected the Republican administration's position that it had the immediate power to fire the head of a watchdog office.
Germany's military is ageing and shrinking, the parliamentary commissioner for the armed forces warned on Tuesday, against the backdrop of a bid to overhaul borrowing rules to massively boost defence spending. In an annual report released on Tuesday, Eva Hoegl said that despite a recruitment drive launched in the wake of Russia's invasion of Ukraine, personnel numbers in the armed forces had dipped to 181,200 in 2024 from 181,540 a year prior, while the average age had risen to 34 from 32. Increased spending allowed Germany to reach the NATO defence spending target of 2% of gross domestic product for the first time in 2024, but around 82% of a 100-billion-euro special defence fund agreed in 2022 to overhaul the country's creaky military has already been spent, according to the report.
US markets dive as Trump can't rule out a recession. Here is the news to know on Tuesday.
Pakistani insurgents opened fire on Tuesday at a passenger train in the country’s restive southwestern Balochistan province, wounding the driver and prompting security guards aboard the train to fire back, officials said. The attack occurred in the Bolan district as the train was traveling from the provincial capital of Quetta to the northern city of Peshawar, said government spokesman Shahid Rind. After the driver was wounded, the train came to a stop in a deserted area, Rind said and added that reinforcements were heading to Bolan to respond to the attack.
Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda.A source close to the matter told AFP on Tuesday that after the merger talks failed, Uchida had "called for opening new discussions with potential partners" to survive in the global market.
US politicians are unable to stand up to Donald Trump, a French lawmaker said, after the viral success of a speech where he damned the US president as presiding over "Nero's court" and described his advisor, Elon Musk, as a "buffoon on ketamine"."Washington has become Nero's court, with an incendiary emperor, submissive courtiers and a buffoon on ketamine in charge of purging the civil service," he said in the speech.
The Trump administration is considering cancelling the lease of the support office for a renowned Hawaiian climate research station, sources said, raising fears for the future of key work tracking the impact of carbon emissions on global warming. The office is one of more than 20 rented by the U.S. National Oceanic and Atmospheric Administration that are proposed to have their leases ended under money-saving efforts by the Department of Government Efficiency led by billionaire Elon Musk. The online listing on the DOGE website mentions an NOAA office in Hilo, Hawaii and an estimate of how much would be saved by cancelling its lease - $150,692 a year.
The body of a Kenyan police officer who died in Haiti’s U.N.-backed multinational mission to combat violent gangs has been returned home. The body of Samuel Tompoi Kaetuai was on Monday night received by his family and senior police officers in the capital, Nairobi. The officer died on Feb. 23 after he was fatally shot by gangs in a western region of Haiti.
China on Tuesday concluded one of its biggest political events of the year with a call to "struggle unrelentingly" for the country's rise after a conclave dominated by a deepening confrontation with the United States, its largest trading partner.Li presided over a series of votes on legislative documents and wrapped up the conference with a call to "struggle unrelentingly for the great endeavour of the rejuvenation of the Chinese people".
Indonesia's government on Tuesday introduced in a parliamentary committee a watered-down version of contentious legislation that would enable President Prabowo Subianto to appoint military personnel to civilian posts, officials said. After a landslide election victory last year, Prabowo, a former military officer, has quickly expanded the armed forces' role, triggering alarm in a country that was once dominated by an all-powerful military. A new draft of the law, first proposed earlier this year, added a proviso that soldiers filling civilian posts must first resign from service, Indonesia's Defence Minister Sjafrie Sjamsoeddin told reporters after the first hearing on the legislation by a parliamentary commission.
The Kremlin on Tuesday accused Ukraine of targeting residential apartment blocks after Kyiv launched its biggest ever drone attack on the Russian capital. Ukraine on Tuesday launched its biggest ever drone attack on Moscow, killing at least two workers at a meat warehouse, injuring 18 others and causing a short shutdown at the Russian capital's four airports, Russian officials said. There was also some damage to apartment blocks.
Argentina's government formalized a decree of necessity and urgency (DNU) on Tuesday in a key step towards sealing a new International Monetary Fund (IMF) program, according to the document published in the official gazette. The decree, part of a strategy by libertarian President Javier Milei to help the IMF plan get through Congress, is the most concrete sign yet that a deal is close, which would help the embattled country meet its debts and end capital controls. Argentina is the IMF's largest creditor and has a mottled history with the Washington-based lender.
Israeli fire has killed four people and wounded 14 in the Gaza Strip over the past 24 hours, Palestinian officials said, even as a fragile ceasefire with Hamas has largely held. Israeli strikes have killed dozens of Palestinians who the army says had approached its troops or entered unauthorized areas in violation of the January truce. Israel last week suspended supplies of goods and electricity to the territory of more than 2 million Palestinians as it tries to pressure the militant group to accept an extension of the first phase of their ceasefire.
Portugal's parliament will vote later on Tuesday on a motion of confidence in the minority centre-right government, which looks set to be rejected, triggering the country's third early general election in just over three years. Prime Minister Luis Montenegro, in his job three weeks short of a year, presented the motion on Thursday after the opposition questioned his integrity over the dealings of a consultancy firm he founded which is now run by his sons.
Twenty-seven people died as a result of the wreck, and what happened is only known because of its lone survivor.