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1. Trump likes Canada’s Chinese EV deal, Carney says after chat caught on hot mic

   US President Donald Trump is happy with Canada’s arrangement to allow a capped number of Chinese electric vehicles to be imported at a low-tariff rate, Prime Minister Mark Carney said. When asked about Carney’s comment, Trump did not express explicit approval, but said he could understand the quota. The deal, unveiled during Carney’s trip to Beijing in January, allows as many as 49,000 Chinese...

2. As China’s ‘check-in culture’ intensifies, it’s time to set some limits

   Nobody knew how the tree grew popular online, but for about two months, villagers near Xian, the capital of Shaanxi province, found drones flying over their wheat fields. One video captured a tree in the middle of a farmer’s field, just as the fog was about to dissipate, “like an ink painting”, Beijing News said. Then people began flocking to the area to take photos. It was the only tree in...

3. Huawei CFO Meng’s admissions can be used against company at criminal trial, US judge rules

   A top Huawei Technologies executive’s admission that the Chinese telecoms company illegally conducted business in Iran can be used in the coming US trial against Huawei, according to a judge’s ruling filed in Brooklyn federal court on Tuesday. Chief Financial ‌Officer Meng Wanzhou made the admission as part of a 2021 deal to dismiss the criminal charges she faced in the case. In a four-page...

4. US Fed begins Warsh era with hold on interest rates, may hike later this year

   The US Federal ⁠Reserve held interest rates steady on Wednesday, but policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the US central bank’s 2 per cent target. New quarterly projections showed nine Fed officials now anticipate a hike in rates by the end of 2026, and an updated policy statement removed language that had been used to...

5. Luigi Mangione plans psychiatric defence at CEO murder trial

   ⁠Luigi Mangione, the man accused of ⁠gunning down a health insurance executive in Manhattan, plans to argue at his murder trial that he was undergoing an extreme mental health crisis at the time of the alleged killing, a judge revealed at a hearing on Wednesday. The strategy poses ‌steep legal hurdles but could lead to a jury convicting Mangione of the lesser crime of manslaughter, which carries...

6. Trump shows no regret over Iran war deaths of 3 Indian sailors in Modi meeting

   US President Donald Trump and Indian Prime Minister Narendra Modi on Wednesday attempted to defuse escalating tensions over the recent killing of three Indian sailors by American naval forces off the coast of Oman. Speaking to the media after their first bilateral meeting in 16 months, Trump said both Washington and New Delhi continue to “work together” on the issue, calling commercial vessel...

7. Despite Trump’s promise of Iran peace, analysts say vague deal wobbly at best

   US President Donald Trump sought on Wednesday to frame his vague arrangement aimed at ending a questionable war as a major win that would bring the conflict to a close, reopen the strategic Strait of Hormuz and prevent Iran from “ever” obtaining a nuclear weapon. “On Sunday, we reached an agreement with Iran that achieves everything we set out to accomplish, everything and much more,” the US...

8. New York’s Gilgo Beach serial killer Rex Heuermann sentenced to life in prison

   After decades waiting for justice, relatives of women murdered by New York’s Gilgo Beach serial killer laid into him on Wednesday before he was sentenced to life in prison. He told them: “I am responsible” for the crimes. “The words I would say would have no meaning,” added Rex Heuermann, the Long Island architect who lived a secret life of violence for years before admitting he killed eight...

9. Europe rallies around tough new China strategy ahead of key summit

   From free marketeers to long-term interventionists, EU countries of all stripes are converging on the need for urgent action to prevent a Chinese-driven European deindustrialisation ahead of a key summit in Brussels, multiple sources said on Wednesday. A broad coalition of members now support the development of a tough new trade strategy that could involve multiple new instruments and a more...

10. Iranians find little cause for celebration in US peace deal: ‘99% in survival mode’

    When Iran’s ⁠Foreign Minister Abbas Araqchi announced the interim deal this week to end the ⁠war with the United States, he declared his country the victor. To many Iranians, it does not feel that way. More than three months of US and Israeli air strikes, and a blockade of Iranian ports, have poured new misery on a people already toiling under years of sanctions. Although the war is over – for...