Author: Newyorki

President Donald Trump has confirmed that the United States and China have reached a final agreement to restore their trade war truce after two days of high-level negotiations in London. The breakthrough revives a previous deal struck in Geneva last month that had faltered amid disputes over rare earth exports and U.S. technology restrictions. Trump shared the news on his Truth Social platform, stating: “OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME.” He added that the new agreement includes an upfront commitment from China to supply rare earth materials—critical components used in defense,…

President Donald Trump has staunchly defended his decision to deploy Marines to Los Angeles, arguing the city “would be on fire” had federal troops not intervened to respond to protests sparked by his administration’s aggressive immigration enforcement campaign. Speaking to reporters, Trump said, “There were certain areas of Los Angeles last night you could have called an insurrection… If we didn’t get involved, Los Angeles would be burning.” He also stated he would “certainly invoke” the Insurrection Act of 1807 if needed, a law that permits the president to deploy the U.S. military domestically to address civil disorder, insurrection, or…

Los Angeles has witnessed escalating tensions as federal agents and National Guard troops clash with protesters opposing immigration raids. The unrest, now in its third day, follows President Donald Trump’s decision to deploy the National Guard to enforce deportation operations, bypassing California Governor Gavin Newsom’s authority—a move that has reignited national debate about executive power and states’ rights. On Sunday, tear gas, rubber bullets, and flash-bang devices were used against demonstrators gathered near a downtown detention center. Protesters also blocked traffic on the 101 freeway and set multiple self-driving Waymo vehicles on fire. Law enforcement declared an “unlawful assembly” in…

In a highly controversial move, U.S. President Donald Trump ordered the deployment of the National Guard to Los Angeles on Sunday to quell protests related to aggressive immigration raids. The action marks one of the most aggressive uses of presidential authority in decades and has reignited debate over the limits of executive power in the United States. This is the first time since 1965 that a U.S. president has deployed a state’s National Guard without the request or approval of that state’s governor. The deployment, which occurred under the rarely used Insurrection Act—originally intended to defend the nation from foreign…

Russia and Ukraine concluded a second round of negotiations in Istanbul without achieving a ceasefire agreement, although both sides agreed to a new prisoner exchange. The talks, which lasted about an hour, came amid intensified fighting and a bold Ukrainian aerial strike on Russian territory. The Russian delegation presented a peace proposal that included demands for Ukraine to cede control of territories it still holds in four partially occupied regions. In contrast, Ukraine called for an unconditional and nationwide truce, said Ukrainian Defense Minister and chief negotiator Rustem Umerov. Russia countered with an offer for a limited 2–3-day ceasefire along…

A nationalist candidate backed by former U.S. President Donald Trump has won Poland’s presidential election, dealing a blow to centrist forces and complicating Prime Minister Donald Tusk’s efforts to realign the country more closely with the European Union. Karol Nawrocki, a conservative historian and political newcomer, secured 50.9% of the vote in Sunday’s runoff, narrowly defeating centrist Warsaw mayor Rafal Trzaskowski, who garnered 49.1%, according to official results announced Monday. Nawrocki’s win ensures continued influence for the right-wing Law & Justice party over the presidency, even as Tusk’s pro-EU coalition governs the parliament. The outcome underscores deep divisions in Polish…

The administration of U.S. President Donald Trump is pushing for a phone call between Trump and Chinese President Xi Jinping this week, in an effort to ease rising trade tensions between the world’s two largest economies. According to a Trump administration official who spoke on condition of anonymity, no date has been confirmed for the call, and it remains uncertain whether it will take place. CNBC had earlier reported the White House’s expectations regarding the potential conversation. The Chinese Embassy in Washington has not responded to requests for comment. This move comes as both sides exchange accusations of violating a…

JPMorgan Chase & Co. is seeking investors for a $1.89 billion first-lien loan for Trucordia, a Utah-based insurance brokerage, marking another instance of Wall Street banks stepping in to refinance debt originally issued through private credit channels. The new financing effort reflects a growing trend in which major banks offer more attractively priced first- and second-lien loan structures to replace costlier private credit deals. According to sources familiar with the matter, the JPMorgan-led refinancing aims to replace Trucordia’s previous private loan package, which carried an interest rate of 5.5 percentage points over the benchmark rate. Private credit firms including BlackRock…

Elon Musk, the mercurial billionaire who’s made headlines with everything from rockets to electric cars, has officially clocked out of his brief but stormy stint with the U.S. government. After just 130 days at the helm of the Department of Government Efficiency—a little-known but crucially ambitious office focused on bureaucratic reform—Musk is stepping away, leaving behind a trail of controversies, memes, and a mixed legacy of disruption. When Musk announced his role in early 2025, many thought it was a prank or a publicity stunt. The idea of the SpaceX and Tesla titan running a government agency seemed equal parts…

A federal court ruling in Manhattan has cast fresh legal doubt on President Donald Trump’s sweeping use of emergency powers to impose tariffs, striking a significant — though not necessarily decisive — blow to one of the signature economic tactics of his presidency. The decision, handed down Wednesday, questions the legality of some of Trump’s most aggressive trade measures and raises fresh questions about the boundaries of executive authority in economic policy. At the center of the ruling is the 1977 International Emergency Economic Powers Act (IEEPA), the legal instrument Trump has repeatedly used — both in his first and…