U.S. GOVERNMENT RELEASE
Beijing boosts AI startup Manus, as China looks for the next DeepSeek
Since China's DeepSeek shocked Silicon Valley by releasing AI models comparable to its U.S. competitors but developed at a fraction of the cost, Chinese investors have been on the lookout for the next domestic startup with the potential to upend the global tech order.
Legal showdown as Justice Department resists judge's demand for more details on deportation flights
The Justice Department is resisting a federal judge's demand for more details about flights deporting people to El Salvador, arguing the court's intrusion into executive authority. U.S. District Judge James E. Boasberg had temporarily blocked the deportations under an 18th-century wartime declaration, questioning if the Trump administration ignored his order to turn the planes around.
Bank of England set to sit tight on rates as uncertainty mounts
The Bank of England is expected to keep interest rates unchanged as it monitors the impact of U.S. trade tariffs and the UK's employer tax hike on the economy. Uncertainties around global growth and domestic fiscal policies contribute to caution in monetary adjustments.
Kennedy Assassination Classified Files Release: All you may want to know
The U.S. government has released classified files on President John F. Kennedy’s 1963 assassination. The documents include intelligence reports, photographs and audio recordings. Historians are analyzing the content, but no new evidence has changed the conclusion that Lee Harvey Oswald acted alone. Some files also reference Cold War-era intelligence activities.
JFK declassified files: Did the Trump administration expose CIA’s top-secret espionage tactics in the name of ‘transparency’?
The declassification of JFK assassination documents by the Trump administration has unveiled the CIA's Cold War espionage tactics. Shockingly, the files reveal wiretapping of Soviet and Cuban embassies, attempts to recruit double agents, and intricate surveillance methods. These revelations suggest the CIA may have known more about Oswald's movements prior to JFK's assassination than previously disclosed.
Ben & Jerry's says parent Unilever decided to oust ice cream maker's CEO
Ben & Jerry's has accused its parent company, Unilever, of exerting undue influence over its social activism efforts. The ice cream brand alleged that Unilever's decision to remove CEO Dave Stever was due to his commitment to social policies, not his job performance. This dispute has intensified with Unilever's push to suppress Ben & Jerry's social initiatives.
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US stocks ticked higher ahead of Fed decision
US stocks edged higher Wednesday amid anticipation of the Federal Reserve's announcement on interest rates. The S&P 500, Dow Jones, and Nasdaq showed modest gains. Traders expect the Fed to cut rates by the end of 2025, while General Mills reported lower sales and a bleak outlook.
Who is James Boasberg, the judge Trump wants impeached?
US President Donald Trump called for the impeachment of Judge James Boasberg after he ordered the suspension of deportation flights carrying alleged Venezuelan gang members. Boasberg's ruling challenged the administration's use of the Alien Enemies Act, leading to a clash over executive power. This is the first time Trump has personally called for a judge's removal since taking office. Boasberg was confirmed by the Senate in 2011 in a 96-0 vote.
Netanyahu says Israeli strikes across Gaza that killed hundreds are 'only the beginning'
Israel resumed airstrikes on Gaza, killing over 400 Palestinians, largely women and children, breaking a ceasefire. Netanyahu ordered the attacks after Hamas refused to change the ceasefire terms; the strikes included key Hamas officials. Wounded civilians overwhelmed medical facilities as supplies dwindled.
Sensex soars 1,131 points, Nifty tops 22,800. 8 key drivers fueling this rally
Indian stock markets extended their gains with the Sensex closing at 75,301.26 and Nifty at 22,834.30, driven by financials, metals, and auto sectors. Factors such as strong global cues, China's stimulus measures, and a weak U.S. dollar contributed to the rally. Investors anticipate steady rates from the U.S. Federal Reserve, Bank of Japan, and Bank of England.
Yen steady, dollar dithers as traders await BOJ, Fed decisions
The yen steadied and the dollar struggled on Wednesday ahead of key rate decisions from the Bank of Japan and the Federal Reserve. Traders were cautious ahead of these central bank meetings. The euro scaled a five-month high, driven by optimism over Germany's fiscal plans. Sterling and the Australian dollar showed slight movements, while the Fed's policy decision was awaited.
Is America really 'at war' with immigrants? Trump's shocking claim
President Donald Trump said the US is "at war" while responding to a question about his invocation of the Alien Enemies Act of 1798. He asserted Biden let "millions" of "criminals" into the US. The Aliens Enemies Act allows the president to order the detention and deportation of natives or citizens of an "enemy" nation without following the usual processes. This is the first time the Alien Enemies Act has been invoked since World War II.
Global rebound enters day two, Wall Street lags
Global equity markets rose as investors bought undervalued stocks. Momentum indicators showed Wall Street was oversold. Temporary truce prospects in the Ukraine-Russia conflict provided marginal support to risky assets. Despite the rebound, lingering trade war uncertainties and weak U.S. economic data warrant caution. Japan's economic landscape and U.S. consumer balance sheets are influencing market trends.
Foreign CEOs to flock to China for key summit, Xi meeting, sources say
Dozens of foreign CEOs, including leaders from FedEx, Siemens, BMW, and Mercedes-Benz, will attend the China Development Forum in Beijing on March 23-24. The conference aims to attract foreign investment amidst geopolitical tensions. President Xi may meet selected CEOs following the summit, highlighting efforts to bolster domestic consumption and counter U.S. tariffs.
Trump scraps key Biden-era policy that increased minimum wage for federal contractors
President Trump rescinded an order by predecessor Joe Biden mandating a $17.75 hourly minimum wage for federal contractors, reverting to a previous $13.30 wage for some contracts and $7.25 federal minimum wage for others. Biden's initial increase faced criticism for adversely affecting small businesses in low-cost areas. Trump's repeal included other orders related to union neutrality and apprenticeship programs.
Meta insider claims Mark Zuckerberg requested Xi Jinping to name his unborn child. What is part of Meta's China strategy?
Mark Zuckerberg’s long-standing ambition to bring Facebook to China led him to extraordinary lengths, as revealed in former Facebook executive Sarah Wynn-Williams’ book Careless People. One of the most striking revelations is that in 2015, Zuckerberg asked Chinese President Xi Jinping to name his unborn child—a request that was firmly declined. The book also sheds light on Meta’s controversial efforts to enter the Chinese market, including alleged offers to help censor content and share facial recognition technology with Chinese authorities.
US stocks ticked higher after latest economic data
US stocks are steadier this Monday but concerns persist with the Federal Reserve's upcoming interest rate decision and ongoing trade tensions. The S&P 500, Dow Jones Industrial Average, and Nasdaq saw slight upticks. Treasury yields fluctuated, reflecting mixed economic confidence. European and Asian markets rose, with positive factory data from China sparking optimism.
Israel kills three in latest Gaza strike, local medics say
An Israeli air strike killed three Palestinians in Gaza, with renewed ceasefire talks showing no progress. Medics reported additional injuries in Rafah. Israel claims the strikes targeted terrorists planting bombs. Hamas asserts the victims were gathering firewood amid an Israeli goods ban. The ongoing conflict jeopardizes ceasefire efforts, leaving Gaza in distress.
TikTok becomes a tool of choice in cat-and-mouse game between migrant smugglers and authorities
At a time when legal pathways to the US have been slashed and criminal groups are raking in money from migrant smuggling, social media apps like TikTok have become an essential tool for smugglers and migrants alike. The videos - taken to cartoonish extremes - offer a rare look inside a long elusive industry and the narratives used by trafficking networks to fuel migration north.
Israeli raids in Gaza kill 14
Palestinian officials say dozens of people have been killed by Israeli fire despite the January 19 truce that halted fighting in Gaza. Israel's military has said its forces have intervened to thwart threats by "terrorists" approaching its troops or planting bombs since the ceasefire took effect.
US judges order Trump administration to reinstate thousands of fired workers
Federal judges in California and Maryland have ordered the Trump administration to reinstate thousands of probationary federal workers who were recently terminated in mass layoffs. The judges ruled that the government agencies violated regulations governing layoffs, and ruled that the Office of Personnel Management improperly directed the terminations, despite lacking the authority to do so.
Wall Street rallies to its best day in months, but that's not enough to salvage its losing week
U.S. stocks saw a strong rally on Friday as the S&P 500, Dow Jones Industrial Average, and Nasdaq composite climbed significantly. Despite this surge, the markets experienced a fourth straight losing week. The rally came amid efforts to prevent a government shutdown and easing some fears related to Trump's trade policies and tariffs.
Why Elon Musk-led DOGE has cancelled more than 200,000 US government credit cards
Elon Musk-led Department of Government Efficiency (DOGE) has cancelled over 200,000 federal government credit cards in an effort to curb waste and fraud within the federal government. DOGE recommended mass layoffs in the federal government as a means to eliminate $2 trillion annually in funding from the US agencies. The cards were deactivated following an audit showing they were unused or unneeded.
USAID employees ordered to shred records, court filing says
USAID employees were instructed to shred records, sparking concerns from unions about potential violations of federal law and the destruction of evidence. The unions have filed a motion to halt the shredding, with a judge ordering both parties to provide a status report. The dispute centers on the dismantling of USAID under President Trump.
Federal judge orders Trump administration to pay $2B in withheld USAID funds – Supreme Court denies appeal, citing constitutional overreach and legal violations
Federal judge orders Trump administration to pay USAID funds after ruling that nearly $2 billion in foreign aid was unlawfully withheld. U.S. District Court Judge Amir Ali stated that the Trump administration likely exceeded its constitutional authority by blocking payments owed to contractors. As of last Friday, the government still owed $671 million. The Supreme Court denied an emergency request to extend the freeze, sending the case back to the lower court. The ruling highlights a major legal battle over foreign aid control, separation of powers, and executive authority. A status report is due by March 14.
How is Osama Bin Laden causing trouble for Netflix 14 years after his death? Fans outraged over mysterious documentary delay
Netflix subscribers were angered when the highly anticipated three-part documentary, American Manhunt: Osama bin Laden, failed to release on its scheduled date of March 10. Various theories for the delay have arisen, including political concerns and religious sensitivities, yet Netflix has only stated the release is rescheduled to an unspecified later date.
Govt considering incentives for exporters amid global uncertainty, source says
India is developing plans to offer incentives to exporters, according to a government source who spoke to Reuters on Tuesday. This comes as global trade faces uncertainty. The source stated that "A decision on the matter will be taken within a month."
Indian bond yields track US peers lower, state debt sale in focus
Indian government bond yields dipped slightly due to a sharp decline in U.S. Treasury yields, but the impact was limited due to expected heavy supply from states. The benchmark 10-year yield adjusted to 6.6960%. Treasury yields declined after President Trump's comments raised recession concerns. Indian states plan to raise 495.
USDA cuts over $1 billion in funding for schools, local food purchases
The U.S. Agriculture Department cut over $1 billion in funds for programs aiding schools and food banks in purchasing from local farms and ranches. These cuts are part of efforts to reduce federal spending under President Trump's administration. The decision has led to concerns among farmers and food organizations, who are now cutting staff and halting investments.
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