pledge

Meanwhile, a delegation from Qatar travelled to Iran on Friday for talks aimed at defusing tensions and easing navigation through the Strait of Hormuz – the vital waterway where some 20% of the world’s oil and liquefied natural gas passes.

Trump wrote in a post on Truth Social earlier on Friday: “The Islamic Republic of Iran has asked us to continue ‘talks.’

“We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER!”

It is not clear when those talks will be held. Vice-President JD Vance, Secretary of State Marco Rubio, as well as special US envoys Steve Witkoff and Trump’s son-in-law Jared Kushner, are expected to oversee negotiations for the US.

According to Iranian media, Araghchi is in Oman for talks with Omani officials.

A US official said American technical teams would not be present in Oman, but would be in touch with the Omanis and Qataris as developments occurred.

In the early hours of Saturday, Trump also responded to reports that Iran had plans to assassinate him.

The US would “completely decimate and destroy all areas” of the country in retaliation to such an attack, he said.

The Wall Street Journal and other US media reported this week that Israel had shared intelligence with Washington that Iran had recently devised a plan to assassinate the US president.

However, Trump denied that Tehran had made a fresh plan or that Israel was the source of any intelligence. He told the New York Post in an interview that he had been “No. 1 [on Iran’s kill list] for a long time”.

There were also open calls for Trump’s death at the funeral of Iran’s late Supreme leader Ayatollah Ali Khamenei, who was killed in an Israeli strike on his residence in Tehran on 28 February.

On Saturday, his son and successor, Mojtaba Khamenei, released a written message that said vengeance for his father’s killing was “inevitable”.

The “matter depends neither on my personal existence nor on that of other officials. Whether we are present or not, it will come to pass,” Khamenei said.

Chinese stocks advanced after fresh manufacturing data pointed to sustained factory expansion and President Xi Jinping reaffirmed his commitment to promoting high-quality economic development. The upbeat market reaction reflected growing optimism over the resilience of China’s industrial sector and the continued strength of technology and innovation-driven industries.

However, investor sentiment remains tempered by concerns over uneven economic growth, with persistent weakness in consumer confidence, the labour market and the property sector continuing to weigh on the broader recovery.

Strong factory activity boosts market confidence

China’s manufacturing sector expanded for a seventh consecutive month, marking its strongest quarterly performance since late 2020. The data reinforced expectations that industrial production remains a key pillar of economic growth despite ongoing challenges in other parts of the economy.

The stronger-than-expected factory activity provided investors with reassurance that export-oriented manufacturing and industrial output continue to support China’s recovery.

Xi reiterates commitment to high-quality growth

President Xi Jinping renewed his pledge to pursue high-quality development, signalling that Beijing remains committed to an economic strategy centred on technological innovation, industrial upgrading and sustainable long-term growth.

The remarks reinforced expectations that policymakers will continue prioritising advanced manufacturing, strategic industries and innovation rather than relying solely on traditional stimulus measures to support the economy.

Technology sectors continue to outperform

Technology-related stocks led gains as investors increased exposure to sectors expected to benefit from China’s industrial and technological ambitions. Chipmaking equipment, biotechnology and software companies posted strong advances, reflecting continued confidence in industries viewed as central to China’s long-term economic transformation.

The rally highlights investors’ preference for sectors with stronger earnings potential and policy support.

Traditional sectors show signs of broader participation

Alongside technology stocks, gains also spread to agriculture and property-related shares, suggesting investor optimism is gradually broadening beyond high-growth industries.

Although these sectors continue to face structural challenges, their recovery indicates improving market sentiment and expectations that policy support could help stabilise weaker areas of the economy.

Economic recovery remains uneven

Despite encouraging manufacturing data, investors remain cautious about China’s broader economic outlook. Consumer spending continues to be constrained by weak confidence, labour market pressures and the prolonged downturn in the property sector, creating an uneven recovery across different parts of the economy.

The divergence between strong industrial performance and softer domestic demand continues to shape investment strategies and policy expectations.

Future Outlook

Chinese markets are likely to remain supported by resilient manufacturing activity, continued policy backing for innovation and expectations of further measures to sustain economic growth. However, the durability of the rally will depend on whether improvements in industrial production translate into stronger domestic consumption and broader economic recovery.

Investors will closely monitor upcoming economic data and government policy announcements for signs that Beijing can address persistent weaknesses in the property market, employment and consumer confidence while maintaining momentum in high-value manufacturing and technology sectors.

With information from Reuters.

For the next five years, the Environmental Protection Agency has indicated it will not require public water utilities to test for microplastics or pharmaceuticals in drinking water, according to a proposed rule published in the Federal Register.

On Friday, the EPA submitted a list of chemicals it plans to test for under the Unregulated Contaminant Monitoring Rule, a mandatory testing program used to collect information about concerning chemicals in drinking water that could be harming human health. It did not include microplastics or pharmaceuticals.

The omissions come after announcements by EPA Administrator Lee Zeldin earlier this year that his agency was designating microplastics and pharmaceuticals priority contaminants for testing.

“This is a direct response to the concern of millions of Americans who have long demanded answers about what they and their families are drinking every day,” he said at an April news conference with Health and Human Secretary Robert F. Kennedy at EPA headquarters.

Zeldin’s announcement was seen at the time as a move to placate the increasingly disgruntled Make America Healthy Again contingent of Trump supporters.

Now the agency says it has no validated or standardized method to test for the plastic particles in drinking water, and wouldn’t be able to develop one before December, when testing is required to begin.

Among the 33 chemicals the EPA will require water utilities to test for are seven PFAS, or forever chemicals, and three pesticide residues.

It will be five years before the EPA proposes another list.

The EPA did not respond to a request for comment.

The agency noted in its proposed rule that it will collaborate with other federal agencies to “evaluate risks and exposures” of microplastics for future monitoring.

Environmentalists reacted with frustration and resignation. They pointed out that the European Union has developed methods to test for the tiny plastic particles, which have been found in people’s blood, brains and lung tissue. California has one in the works.

“The California water board has spent a lot of time and money on how to measure in drinking water,” said Judith Enck, a former EPA regional administrator and president of the anti-plastic environmental group Beyond Plastics “EPA should give them a call.”

California was required by a 2018 state law to establish a protocol for local water utilities to test for the particles in drinking water. The state has not yet begun reporting its results, but protocols were established in 2021. Blair Robertson, a spokesman for the State Water Resources Control Board, said it’s not “a fully validated, end-to-end regulatory method” yet.

At the April meeting, Zeldin announced that he would place microplastics on what is known as the Contaminant Candidate List, which acts as a preliminary “watch list” of unregulated, priority contaminants in drinking water. Like the mandatory monitoring list, it is updated only every five years. The most recent list was published on April 2 — the day he made his announcement.

“Americans have been ignored as they sound the alarm about plastics in their drinking water,” Zeldin said at the April announcement. “That ends today by placing microplastics on the contaminant candidate list for the first time ever. EPA will follow the science, will pursue answers and will hold ourselves to the highest standards to protect the health of Americans.”

There appears to be no clear association between these two lists, although the contaminant list is supposed to inform the monitoring list. Seventy-five chemicals and four chemical groups (microplastics, pharmaceuticals, PFAS chemicals, and disinfection byproducts) were listed on the 2026 contaminant list. Only seven of those chemicals were also on the proposed monitoring list (as well as seven PFAS chemicals).

When Zeldin announced microplastics as “‘a priority contaminant for regulation,’ and called it ‘a historic action on microplastics,’ he made it seem like the administration was going to take microplastics seriously,” said Mary Grant, water policy director for the environmental group Food & Water Watch.

“By not including them, they made it clear they don’t actually have plans to immediately address this crisis by getting the real-world monitoring data that we need right now to really start correcting ourselves,” she said.

Craig Davis, senior director of plastics chemistry at the American Chemistry Council — the nation’s largest trade group for chemical companies — said that while his organization supports microplastic research, it also agrees with the EPA’s decision not to include them in the monitoring list.

“National drinking water monitoring should be based on validated, standardized methods that can produce reliable and comparable data,” said Davis in a statement. He said “limited” national monitoring resources should be focused where data can produce “actionable public health information.”

The public has 60 days to comment once the plan is published in the Federal Register.

The Dodgers’ decision to deny U.S. Customs and Border Protection agents access to Dodger Stadium wasn’t the way the team intended to first address the surge of federal immigration enforcement a year ago.

Pressed by religious, labor and community leaders to take a stand, the Dodgers had prepared a response to Immigration and Customs Enforcement and Border Patrol raids that triggered widespread protests — only to shelve the announcement as the team went public with their refusal to let federal agents onto stadium grounds. A day later, on June 20, the Dodgers unveiled their plan, centered on $1 million “toward direct financial assistance for families of immigrants impacted by recent events in the region.”

In total, the Dodgers donated $1.1 million, representatives for California Community Foundation and Labor Community Services — the two nonprofits that received the funds — told The Times.

“The Dodgers have been in L.A. for 68 years,” said Joseph Tomás McKellar, executive director of PICO California. “They’re beloved among immigrant communities in a way that no other sports team is. That gives the Dodgers cultural and financial power in the region. We applaud what they did, but they could do even more by exercising leadership.”

PICO California, the state’s largest faith-based organizing network, was behind a petition delivered to the Dodgers, the contents of which were largely addressed by the team’s $1-million commitment. But as the last of the money flowed to immigrant families in need in late August, another petition circulated that demanded Dodgers owner Mark Walter sell his “company’s stake in ICE jails and deportation flights.”

Walter’s massive investment firm, Guggenheim Partners, owned more than a million shares of GEO Group, valued at nearly $12 million. By the end of 2025, Guggenheim’s interest in GEO Group had fallen to around 10,000 shares. And by the end of March of this year, Guggenheim no longer owned any shares of the prison company that also assisted in the deportation of immigrants, according to SEC filings reviewed by The Times.

Walter also faced criticism over the partnership announced last year between Palantir Technologies and TWG Global — of which Walter is chairman and chief executive officer. Palantir provides AI and analytics software to ICE, tools the American Civil Liberties Union said “form the backbone for ICE’s mass deportation regime.”

There are no indicators as to why Guggenheim Partners divested from GEO Group. The Dodgers declined comment. Guggenheim Partners did not respond to The Times’ request for comment. GEO Group referred questions to Guggenheim Partners.

In January, Coalition for Humane Immigrant Rights, or CHIRLA, filed a federal lawsuit against federal officials over the condition of the Adelanto ICE Processing Center in San Bernardino County, a facility operated by GEO Group. In the complaint, CHIRLA alleged “detained individuals face dangerous conditions and pervasive abuses — disease and illness are rampant, mold grows on the walls, and detained individuals are denied sufficient food, clean drinking water, proper medical care, and disability accommodations.”

Donald Trump’s reelection has been a major driver of profits for GEO Group. GEO Group founder, chairman and chief executive George Zoley said in a May earnings call the company was “awarded new or expanded contracts that represent up to approximately $520 million in new incremental annual revenues, which represents the largest amount of new business we have won in the single year in our company’s history.” Former GEO Group exec David Venturella is the acting director of ICE.

“It’s really good to know [of the Guggenheim divestment],” said Rabbi Susan Goldberg, a longtime immigrants rights activist and founder of Nefesh, a Jewish spiritual community in Echo Park. “We showed up so often at its [regional] headquarters in Culver City that they moved. We don’t know where they are located in the area now.”

The California Community Foundation received $1 million, which worked with Los Angeles city officials to distribute $1,000 in direct relief to 1,000 households impacted by the immigration raids. The money was distributed through cash cards, according to the foundation. The Dodgers’ gift amounts to a quarter of the $4 million the foundation has raised for its Los Angeles Neighbors Support Fund, $3.3 million of which has been “deployed to impacted communities with new investments continuing to roll out,” according to the nonprofit.

The Dodgers also donated $100,000 to Labor Community Services, a partner of the Los Angeles County Federation of Labor, that provided more than 4,000 families with food assistance with the team’s donation.

“The Dodgers’ generous donation has enabled us to reach and assist more families throughout Los Angeles County with dignity and compassion, providing critical food assistance at a time when it is needed most,” Labor Community Services Executive Director Norma López said in a statement to The Times.

A spokesperson for Labor Community Services said no other pro sports team outside the Dodgers made a similar donation to help impacted immigrant families.

“The Dodgers have a unique responsibility and they are an example of something we want to continue to see, especially as the World Cup and the Olympics come to L.A.,” said Carlos Martin Rodriguez, director of organizing for L.A. Voice, a multifaith coalition that organized several vigils and demonstrations when the raids were at their height. “I hope this wasn’t a singular moment, but the beginning of a movement.”

Before arriving for his high-stakes summit with Chinese leader Xi Jinping, United States President Donald Trump aimed to set expectations high.

He said he would urge Xi to “open up” China’s economy and announced a delegation of top business executives, including Tesla’s Elon Musk, Apple’s Tim Cook and Nvidia’s Jensen Huang, to accompany him.

As Trump and Xi prepare to wrap up two days of meetings on Friday, the expectations for their summit’s outcome among observers generally are modest at best.

While Trump and Xi are anticipated to extend the one-year pause in their trade war agreed to in South Korea in October, the expectations are for a stabilisation – not revitalisation – in ties between the world’s two largest economies, which are locked in a rivalry that spans everything from trade and artificial intelligence to the status of Taiwan.

“It is important to be clear-eyed about the state of relations here,” Claire E Reade, a senior counsel at Arnold & Porter who previously worked on China at the Office of the US Trade Representative (USTR), told Al Jazeera.

“China does not trust the US, and China wants to beat the US in what it sees as long-term global competition,” Reade said.

“This limits what can be agreed.”

While Trump and Xi have yet to announce the final contours of any trade agreement, the US side has flagged various business deals in the pipeline.

In a pre-recorded interview with Fox News that aired on Thursday, Trump said that China would invest “hundreds of billions of dollars” in companies run by the CEOs in his delegation, without providing further details.

Trump also said that Beijing had agreed to purchase US oil and 200 Boeing aircraft.

Trump administration officials have said that the sides are also discussing the establishment of a “Board of Investment” to manage investments between the countries.

“A realistic ‘opening up’ of the Chinese market would likely focus first on sectors where the economic complementarity is most obvious,” Taiyi Sun, an associate professor of political science at Christopher Newport University in Newport News, Virginia, told Al Jazeera.

“Agricultural goods such as soybeans and beef, as well as high-value-added manufacturing products like Boeing aircraft, are natural areas for expansion because they match existing Chinese demand with American export strengths.”

Sun said a “gradual” opening for US firms in sectors such as financial services could also be possible.

“But those areas are politically and institutionally more sensitive inside China, so progress would likely be incremental rather than immediate,” he said.

Gabriel Wildau, a senior vice president at global business advisory firm Teneo, said both sides will be seeking to address supply-chain vulnerabilities exposed by their trade war.

“The Iran war has likely increased the US’s vulnerability to export controls on rare earths, given the need to rebuild the munition stocks depleted in that war,” Wildau told Al Jazeera.

“Washington will therefore be willing to offer tariff relief – or at least assurances not to impose new tariffs – in exchange for Beijing’s commitment to keep rare earth exports flowing.”

While Trump and Xi agreed to roll back some trade barriers at their summit in South Korea, US-Chinese business and trade remain severely constrained after a decade of tit-for-tat economic salvoes between the sides.

The average US tariff on Chinese goods stood at 47.5 percent after the South Korea summit, up from 3.1 percent before Trump’s first term, according to the Peterson Institute for International Economics.

China’s average tariff on US goods stood at 31.9 percent, up from 8.4 percent in 2018, according to the think tank.

Two-way goods trade amounted to about $415bn in 2025, down sharply from its 2022 peak of $690bn.

Carsten Holz, an expert on the Chinese economy at the Hong Kong University of Science and Technology, said China has less incentive to make concessions to the US than before, amid the rise of its domestic industries.

“Across many industrial sectors, PRC [People’s Republic of China] firms hold leading or controlling positions,” Holz told Al Jazeera.

“As a result, the PRC economy has little to gain from opening further to the US and is likely to only offer largely symbolic gestures.”

Deborah Elms, head of trade policy at the Hinrich Foundation in Singapore, voiced similar sentiments about the limits of US leverage.

“Basically, Trump expects China to buy more stuff from America and let US companies operate more freely in China,” Elms told Al Jazeera.

“What is he offering?” Elms said. “Very little, largely because Trump sees the bilateral relationship as one where the US has been fair and China has not.”

Reade, the former USTR official, said Xi would not agree to any measures that “harm Chinese interests in any way.”

“Instead, China will potentially give the US no-cost ‘gifts,’” Reade said, suggesting such measures could include the removal of trade barriers it placed on US beef.

“It may buy US goods it needs,” Reade said.

“If it allows purchases of US tech products, it will only be because it needs them right now,” she added, “But this does not interfere with China’s strategic plans to eliminate dependence on US technology over the longer term.”

UK PM, who is battling to remain in his job amid resignations of ministers, is expected to hold talks with Streeting.

British Prime Minister Keir Starmer, fighting for his political survival after dozens of his own MPs called for him to resign, promised to press ahead with plans to reform the country before an expected meeting with his potential leadership rival Wes Streeting, the health secretary.

Starmer has so far defied calls to quit from Labour MPs, who blame him for heavy losses in local elections last week and say he has failed to deliver reforms since coming to power in a landslide 2024 election victory.

The meeting in Downing Street will take place before King Charles gives a speech at the opening of parliament – a grand ceremony led by him and used by the government to set out its political priorities and legislative agenda for the year ahead.

A public statement is not expected to follow the Streeting-Starmer meeting to keep the attention on the speech, according to British media reports.

Resignations

More than 80, or almost a quarter, of the prime minister’s elected MPs have called for Starmer to go, and four junior ministers have resigned in protest, including prominent MP Jess Phillips, who said she was tired of seeing “opportunities for progress stalled and delayed”; Alex Davies-Jones, who called last week’s election results “catastrophic”; and Zubir Ahmed, who is a Streeting ally.

Miatta Fahnbulleh, who was the first of four ministers to resign on Tuesday, said in a letter to the prime minister, cited by British media: “The public does not believe that you can lead this change – and nor do I.”

Meanwhile, Starmer said in a statement on Tuesday evening: “Britain stands at a pivotal moment: To press ahead with a plan to build a stronger, fairer country or turn back to the chaos and instability of the past.”

Despite the turmoil, Starmer will take part in parliament’s grand opening on Wednesday.

“The British people expect the government to get on with the job of changing our country for the better. Cutting the cost of living, bringing down hospital waiting lists and keeping our country safe in an increasingly dangerous world,” Starmer said.

A package of more than 35 bills and draft bills will focus on measures to improve the economy, strengthen national security and “reform the state to support a more active government that is on the side of British people”, the government said.

After travelling to parliament and donning the Robe of State, Charles will read a speech written by Starmer’s government setting out the planned new laws.

But the implementation of that speech remains as uncertain as Starmer’s political future. If he were to be removed, his successor would not be bound to follow the same plan.

After spending much of Tuesday behind closed doors at his Downing Street office as he sought to rally support, Wednesday’s ceremony will put Starmer’s struggle for power back in public view.

Paramount Skydance Chairman David Ellison defended his commitment to release 30 movies a year once his media company swallows Warner Bros. Discovery — a goal that some industry observers view as overly ambitious.

During a Monday call with analysts to discuss Paramount’s first-quarter earnings, the tech scion said the target was achievable because his management team would maintain current levels of production. Paramount has doubled its film release capacity to 15 films this year, matching the number of theatrical releases planned by competing Warner Bros.

“The two companies are actually making 30 films to date,” Ellison said. “We really view our pending acquisition of Warner Bros. Discovery as a powerful accelerant to our strategy.”

The company said it was on track to finalize its Warner takeover by the end of September. The $111-billion deal would transform the smaller Paramount into an industry titan with prestigious programming, including Harry Potter, “Game of Thrones,” “Euphoria,” as well as its current slate of Taylor Sheridan-produced franchises, including “Yellowstone” and “Landman.” The combined company also would own dozens of popular TV networks, including CBS, CNN, Comedy Central, Food Network and HGTV.

But the proposed merger would saddle the combined company with $79 billion in debt, stoking fears that Paramount would need to make steep cost cuts to balance such a large debt load. During the quarter, Paramount lined up banks and other institutional investors to provide bridge financing to help pull off the transaction, the company said.

“We’re pleased with the momentum and will continue to take the necessary steps to bring this deal to completion,” Ellison told analysts.

Late last month, Warner Bros. Discovery stockholders overwhelmingly voted in favor of the deal, which will pay $31 a share to Warner investors. The company now must secure regulatory approvals in the U.S. and abroad, and that process is well underway, Paramount said.

Paramount has asked the Federal Communications Commission for permission to exceed a cap on foreign ownership for U.S. media companies. Ellison’s company is expecting $24 billion from three Middle Eastern royal families, who would become part owners of the combined entity. Those total funds will represent about 49% of equity in that new company, exceeding the current foreign ownership cap of 25%.

More than 4,000 filmmakers, actors and industry workers, including Bryan Cranston, Connie Britton, Kristen Stewart, Jonathan Glazer and Jane Fonda, have signed an open letter asking California Atty. Gen. Rob Bonta and other regulators to block the deal, saying it “would reduce the number of major U.S. film studios to just four.”

Late last week, a small group of consumers sued to block Paramount Skydance’s acquisition of Warner Bros. Discovery and unwind Ellison’s Skydance Media’s takeover of Paramount, alleging that both deals reduce marketplace competition.

For the January-March quarter, Paramount’s earnings beat Wall Street’s expectations. Revenue grew 2% to $7.3 billion compared with the first quarter of 2025.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached $1.1 billion, helped in part by growth in its streaming services unit. Paramount+ increased its revenue by 17% to nearly $2 billion, compared with the year earlier period when it generated $1.7 billion. The service added 700,000 subscribers, bringing the total to nearly 80 million.

With Warner’s HBO Max streaming platform, the combined service would boast more than 200 million subscribers.

Paramount reported first-quarter net earnings of $168 million, or 15 cents per share, compared with $152 million in 2025, which occurred before Skydance acquired the media company in August.

Executives pointed to “Scream 7,” a late February release that has topped $200 million in global ticket sales, as a success story. Studio revenue grew 11% to $1.28 billion for the quarter.

Television networks revenue declined 6% to $3.7 billion as Paramount’s cable channels continue to contend with the loss of cable cord-cutters, which reduces the company’s collections from pay-TV providers. Nonetheless, Paramount pointed to the strength of Sheridan’s “Landman,” starring Billy Bob Thornton, Ali Larter, Sam Elliott and Demi Moore, and the strength of the CBS television network, which currently has 13 of the broadcast industry’s top 20 prime-time shows, including “60 Minutes,” “Marshals,” and “Tracker.”

The company told analysts it would achieve $30 billion in revenue for the full year and $3.8 billion in adjusted EBITDA. Paramount said it would also make $2.5 billion in cost-cuts by the end of this year and reduce expenses by $3 billion in 2027.

Paramount said it ended the quarter with $1.9 billion in cash and cash equivalents. It also was carrying $15.5 billion in debt. The company had to draw $2.15 billion from its revolving credit facility to pay Netflix a $2.8-billion termination fee that Warner Bros. Discovery had agreed to pay under a previous deal to sell the company to Netflix.

Paramount released its earnings after Monday’s trading day. Its shares closed at $11.13, basically unchanged.