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The dip comes amid doubts about future US interest rate cuts and a risk-averse mood in broader markets.

Bitcoin fell below $90,000 for the first time in seven months in the latest sign that investor appetite for risk is drying up across financial markets.

The cryptocurrency began to rebound as United States markets opened on Tuesday. However, Monday’s steep drop in the risk-sensitive asset had already wiped out all of its gains for the year.

It is now nearly 30 percent below its peak of $126,000 in October.

It was down 0.5 percent at $91,338.47 during European trading hours, after slipping as low as $89,286.75.

About $1.2 trillion has been wiped off the total market value of all cryptocurrencies in the past six weeks, according to market tracker CoinGecko.

Market participants said that a combination of doubts around future interest rate cuts by the US Federal Reserve and the risk-averse mood in broader markets, which have wobbled after a long rally, was dragging down crypto.

“The cascading selloff is amplified by listed companies and institutions exiting their positions after piling in during the rally, compounding contagion risks across the market,” said Joshua Chu, co-chair of the Hong Kong Web3 Association.

“When support thins and macro uncertainty rises, confidence can erode with remarkable speed.”

Speculators who had put money into crypto in the hopes of supportive US regulation have started to pull back, causing steady outflows from exchange traded funds (ETFs) and similar instruments in recent weeks, said Joseph Edwards at Enigma Securities.

“The sell pressure here isn’t extraordinary, but it’s coming at a relative weak point on the buy side … a lot of retail buyers were stung during the flash crash last month,” he said, referring to an October crash in which there were $19bn in liquidations across leveraged positions.

Crypto stockpilers such as Strategy, miners such Riot Platforms and Mara Holdings, and exchange Coinbase have all slid with the souring mood.

‘Underwater’

There has been a boom in public crypto treasury companies this year, with small companies in unrelated sectors becoming crypto proxies by announcing plans to buy and hold cryptocurrencies on their balance sheets.

But Standard Chartered has estimated that a drop below $90,000 for Bitcoin could leave half of these companies’ Bitcoin holdings “underwater” – a term that typically refers to assets worth less than what was paid for them.

Listed companies collectively hold 4 percent of all the Bitcoin in circulation, and 3.1 percent of the ether, Standard Chartered said.

The cryptocurrency Ethereum (ETH) has also been under pressure for months, and has lost nearly 40 percent of its value from an August peak above $4,955.

“All in all, sentiment is pretty low in crypto and has been since the leverage wipeout of October,” said Matthew Dibb, chief investment officer at Astronaut Capital.

Brazil’s proposal

The issue is set to come to a head next week, as the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) holds its 20th meeting.

Heightened restrictions on brazilwood are scheduled to be raised for a vote at the conference.

Since 1998, the International Union for Conservation of Nature (IUCN) has classified the tree as endangered.

But a proposal authored by the Brazilian government would increase CITES protections for brazilwood, placing it in the highest tier for trade restrictions.

CITES regulates the international trade of endangered species, and it classifies animals and plants in three appendices.

The third is the least restrictive: If a species is endangered in a given country, then export permits are required from that country.

The Appendix II has tighter standards: Export permits are required from wherever the species is extracted. Most endangered species, including brazilwood, fall into this category.

But Brazil hopes to bump brazilwood up to appendix one, a category for species faced with extinction.

Trade of plants and animals in that appendix is largely banned, except for non-commercial use. But even in that case, both import and export licences are required.

In its proposal, Brazil argues the upgraded restrictions are necessary to fight the plant’s extinction.

Only about 10,000 adult brazilwood trees remain. The population has shrunk by 84 percent over the last three generations, and illegal logging has played a dominant role in that decline, according to the proposal.

“Selective extraction of Brazilwood is still active, both inside and outside protected areas,” the proposal explains.

“In all cases recently detected, the destination of these woods is the bow-making industry for musical instruments.”

It adds that “520 years of intense exploitation” have led to the “complete elimination of the species in several regions”.

One operation launched by Brazilian police in October 2018 resulted in 45 companies and bowmakers being fined.

Nearly 292,000 bows and blanks — the unfinished blocks of wood destined to become bows — were seized.

Another investigation, between 2021 and 2022, led police to conclude that an estimated $46m in profits had come from the illegal brazilwood trade.

“The majority of bows and bow blanks sold by Brazilian companies over the past 25 years probably originated from illegal sources,” Brazil wrote in its proposal.

Follow the build-up, analysis, and live text commentary of the game as Spain and Turkiye vie for top spot in Group E.

US Congresswoman Marjorie Taylor Greene and survivors of Jeffrey Epstein’s abuse sharply criticised President Donald Trump for previously attempting to block a House vote on the release of files related to Epstein. Trump on Sunday dropped his opposition and the measure now is expected to overwhelmingly pass.

Vote on release of Justice Department files on late sex offender is expected to pass in the Republican-controlled House.

The attacks in March killed thousands, many from the Alawite religious minority.

Syria has launched the trial of the first of hundreds of suspects for their role in deadly clashes earlier this year that killed hundreds in the country’s coastal provinces.

Syrian state media reported on Tuesday that 14 people were brought before Aleppo’s Palace of Justice following a months-long, government-led investigation.

Hundreds of people from the Alawite religious minority, to which ousted President Bashar al-Assad belonged, were killed in the massacres in March.

The violence erupted after attacks on the new government’s security forces by armed groups aligned with the deposed autocrat. Counterattacks soon spiralled out of control to target civilians in the coastal regions that host the Alawite population.

Seven of the defendants in the court on Tuesday were al-Assad loyalists, while the other seven were members of the new government’s security forces.

Charges against the suspects could include sedition, inciting civil war, attacking security forces, murder, looting and leading armed gangs, according to state media.

The seven accused from government forces are being prosecuted for “premeditated murder”.

The public and the international community have put pressure on the country’s new rulers to commit to judicial reform.

“The court is sovereign and independent,” said Judge Zakaria Bakkar as the trial opened.

The proceedings are important for President Ahmed al-Sharaa, the leader of forces that formerly had links to al-Qaeda, who since coming to power in December has scrambled to step out from diplomatic isolation. He is working to convince the United States to drop more of its crippling sanctions against Syria and to boost trade to rebuild the war-torn country.

However, despite initial reports by the state media that charges could quickly be brought against the defendants, the judge adjourned the session and rescheduled the next hearing for December.

The National Commission of Inquiry said in July that it had verified serious violations leading to the deaths of at least 1,426 people, most of them civilians, and identified 298 suspects.

It claimed 238 members of the security forces and army had been killed in attacks attributed to al-Assad’s supporters. The authorities then sent reinforcements to the region, with the commission estimating their number at 200,000 fighters.

The commission said there was no evidence that Syria’s new military leaders had ordered attacks on the Alawite community.

A United Nations probe, however, found that violence targeting civilians by government-aligned factions had been “widespread and systematic.”

A UN commission said that during the violence, homes in Alawite-majority areas were raided and civilians were asked “whether they were Sunni or Alawite.”

It said: ”Alawite men and boys were then taken away to be executed.”

Dramatic video filmed on a plane carrying DR Congo’s mining minister captured the moment it crashed on landing at an airport in Kolwezi in the southeast. No casualties have been reported. The minister was travelling to the site of a recent mining disaster.

In recent days, as the United States House of Representatives approached a potential vote about releasing the Epstein files, President Donald Trump pivoted on the hot-button topic.

Trump and members of his administration had sought to undermine efforts to release the files related to convicted sex offender Jeffrey Epstein. And Trump has been dismissive of the push to make the files public, calling the case “pretty boring stuff” in July and repeatedly referring to it as a Democratic “hoax.”

Then, on November 16, he told House Republicans to vote in favour of the release.

His shift came after lawmakers cleared a significant hurdle on November 12, netting 218 signatures on a petition to force a vote on a bill to release the files within 30 days. The House is expected to vote on that bill this week. Previously, it was considered unlikely the legislation would pass in the Senate; it remains to be seen whether Trump’s latest statement will cause senators to reconsider.

Epstein moved in the same social circles as Trump in the 1990s, including attending parties at Mar-a-Lago, Trump’s private Palm Beach, Florida, club. The two were photographed together in social settings multiple times. They later had a falling out, a rift that some reporters dated to late 2007.

Palm Beach County prosecutors investigated Epstein after reports that a 14-year-old girl was molested at his mansion. In 2008, Epstein pleaded guilty to state charges related to soliciting prostitution from someone under 18. He received preferential treatment during the criminal investigation and served about a year in jail, largely on work release.

In 2018, The Miami Herald published an extensive investigation into the case, and the next year, Epstein was arrested on federal charges for recruiting dozens of underage girls to his New York City mansion and Palm Beach estate from 2002 to 2005 to engage in sex acts for money. He was found dead in his Manhattan jail cell on August 10, 2019, and investigators concluded he died by suicide.

We asked the White House why Trump changed his stance on releasing the files. White House spokesperson Abigail Jackson said in a statement, “President Trump has been consistently calling for transparency related to the Epstein files for years – by releasing tens of thousands of pages of documents, cooperating with the House Oversight Committee’s subpoena request” and calling for investigations into “Epstein’s Democrat friends”.

Here’s what Trump has said in 2024 and 2025 about releasing the Epstein files.

While campaigning in 2024, Trump said he would release the files

In June 2024, Fox and Friends co-host Rachel Campos-Duffy asked Trump if he would declassify various files, including those related to 9/11 and former President John F Kennedy.

“Would you declassify the Epstein files?” Campos-Duffy said.

“Yeah, yeah, I would,” Trump said.

The clip spread on social media, and Trump’s campaign account also shared it.

🚨 President Trump says he will DECLASSIFY the 9/11 Files, JFK Files, and Epstein Files pic.twitter.com/JalLWFkRDZ

— Trump War Room (@TrumpWarRoom) June 3, 2024

During the same interview, Trump also said, “I guess I would.” He added, “You don’t want to affect people’s lives if it’s phoney stuff in there because there is a lot of phoney stuff with that whole world, but I think I would.”

On a September 2024 episode of the Lex Fridman podcast, during a discussion about releasing some of the Epstein documents, Trump said, “Yeah, I’d certainly take a look at it.” He added that he’d be “inclined” to do it and said, “I’d have no problem with it.”

In 2025, Trump was dismissive of the Epstein files

Early in the second Trump administration, Trump officials –  including Attorney General Pam Bondi and Kash Patel, who became the FBI director – said they supported releasing the files.

In late February at a White House event, Bondi released what she called the “first phase” of “declassified Epstein files” to conservative influencers. It largely consisted of documents that had already been made public.

In a July 12 Truth Social post, Trump expressed frustration about the Epstein files. Speaking to reporters on July 15 on the White House lawn, Trump said the files “were made up by Comey. They were made up by Obama. They were made up by Biden.” We rated that claim Pants on Fire.

Trump said the FBI should focus on investigating other issues, such as voter fraud, and that his administration should “not waste Time and Energy on Jeffrey Epstein, somebody that nobody cares about”.

In a July 16 interview with Real America’s Voice, a conservative outlet, Trump said, “I think in the case of Epstein, they’ve already looked at it and they are looking at it and I think all they have to do is put out anything credible. But you know, that was run by the Biden administration for four years.”

On August 22, a reporter asked Trump if he was in favour of releasing the files.

“I’m in support of keeping it open,” he said. “Innocent people shouldn’t be hurt, but I’m in support of keeping it totally open. I couldn’t care less. You got a lot of people that could be mentioned in those files that don’t deserve to be, people – because he knew everybody in Palm Beach. I don’t know anything about that, but I have said to Pam (Bondi) and everybody else, give them everything you can give them because it’s a Democrat hoax.”

On September 3, a reporter asked Trump a question about efforts to release the Epstein files and if the Justice Department was protecting any friends or donors.

Trump said it was a “Democrat hoax that never ends” and “we’ve given thousands of pages of files”.

This month, Trump called for releasing the files

Trump came out in support of releasing the files after it became clear the House was headed in that direction.

The House Oversight Committee, on November 12, released about 20,000 pages of documents from Epstein’s estate.

Trump directed prosecutors to investigate Democrats and told Republicans to vote in favour of releasing the files.

Trump has often noted Epstein’s ties to former President Bill Clinton. In a November 14 Truth Social post, Trump asked the Justice Department to investigate Epstein’s involvement with Clinton.

Typically, prosecutors do not release files during an ongoing investigation, so Trump’s announcement raised questions about whether the Justice Department will withhold certain files even if Congress votes to release them.

When a reporter asked Trump on November 14 about releasing the files, he said, “I don’t care about it, released or not.”

Two days later, in a November 16 post, Trump said, “House Republicans should vote to release the Epstein files, because we have nothing to hide, and it’s time to move on from this Democrat Hoax perpetrated by Radical Left Lunatics in order to deflect from the Great Success of the Republican Party, including our recent Victory on the Democrat ‘Shutdown.’’

More than 130 people suspected of being in the United States illegally have been detained in Charlotte, North Carolina, authorities said, as President Donald Trump’s nationwide deportation push intensifies. The raids took place over just two days.

Here is what we know:

What happened in Charlotte?

Federal agents swept into Charlotte, North Carolina, on Saturday, escalating Trump’s widening immigration crackdown and turning the city into the latest focal point for large-scale arrests in Democratic-led areas. Charlotte is a Democratic-leaning city of about 950,000 people and a financial services hub.

Officers were seen outside churches, around apartment complexes, and along busy shopping corridors as the operation unfolded.

“We are increasing the presence of DHS law enforcement in Charlotte to keep Americans safe and remove threats to public safety,” Department of Homeland Security (DHS) spokesperson Tricia McLaughlin said on Saturday.

According to Homeland Security officials, 44 of the detainees have criminal records, including two described as gang members. The alleged offences include driving while intoxicated, assault, trespassing, larceny and hit-and-run. One arrested person, according to the commander leading the raids, is a registered sex offender.

President Trump and Secretary Noem will not back down from their mission to make America safe again.

North Carolina sanctuary politicians are protecting the nearly 1,400 criminal illegal aliens in Charlotte’s jails by REFUSING to turn them over to ICE, ultimately releasing these… pic.twitter.com/rM2kt3gLuB

— Homeland Security (@DHSgov) November 17, 2025

What exactly is Operation Charlotte’s Web?

The DHS has labelled the raids Operation Charlotte’s Web, playing on the title of the famous children’s book, which is not about North Carolina.

The book, Charlotte’s Web, follows a pig named Wilbur and his friendship with a spider named Charlotte. When Wilbur is in danger of being killed, Charlotte writes messages in her web to try to save him.

But in Charlotte, the city, the web is not a saviour — it is the dragnet to catch immigrants.

“Wherever the wind takes us. High, low. Near, far. East, west. North, south. We take to the breeze, we go as we please,” Gregory Bovino, the DHS commander leading the raids, said on X on Saturday, quoting from the iconic book.

“This time, the breeze hit Charlotte like a storm. From border towns to the Queen City, our agents go where the mission calls.”

‘Wherever the wind takes us. High, low. Near, far. East, west. North, south. We take to the breeze, we go as we please.’ — Charlotte’s Web

This time, the breeze hit Charlotte like a storm. From border towns to the Queen City, our agents go where the mission calls.#DHS #CBP… pic.twitter.com/de0nqHn3vR

— Commander Op At Large CA Gregory K. Bovino (@CMDROpAtLargeCA) November 16, 2025

Yet the DHS decision to use a popular children’s book title for a campaign that is expected to break up several families has also faced criticism, including from the granddaughter of EB White, the author of Charlotte’s Web.

“He believed in the rule of law and due process,” Martha White said in a statement, referring to her grandfather. “He certainly didn’t believe in masked men, in unmarked cars, raiding people’s homes and workplaces without IDs or summons.”

What is driving the immigration raid?

Officials insist the surge is aimed at tackling crime, arguing — as the Trump administration has in other cities that have been targeted in similar raids — that local authorities have failed to ensure law and order.

However, local leaders have objected to the raids and pointed to police data, which shows that crime has been declining.

According to data released by the city, crime has dropped 8 percent from last year, with violent crimes down 20 percent.

However, Charlotte nevertheless grabbed national and global attention this summer when Ukrainian refugee Iryna Zarutska was fatally stabbed on a light-rail train, in an attack captured on video. The suspect is a US citizen, but the Trump administration repeatedly emphasised that he had been arrested more than a dozen times before.

The DHS also said the Charlotte raids happened because local officials did not honour nearly 1,400 requests to hold people for up to 48 hours after their release, which would have allowed immigration agents to take them into custody.

“I made it clear that I do not want to stop ICE from doing their job, but I do want them to do it safely, responsibly, and with proper coordination by notifying our agency ahead of time,” Mecklenburg County Sheriff Garry McFadden said in a statement, referring to US Immigration and Customs Enforcement (ICE), a part of the DHS that has been leading anti-immigrant raids in multiple urban areas across the country. Charlotte falls in Mecklenburg County.

Tensions remain high. “Democrats at all levels are choosing to protect criminal illegals over North Carolina citizens,” state Republican chairman Jason Simmons said on Monday, even though ICE agents have also arrested several visa holders and permanent residents — all living legally in the US — during the raids.

Who is Gregory Bovino?

Gregory Bovino is a senior US Border Patrol official who has become a central figure in Trump’s aggressive immigration crackdowns in big cities. He has led the high-profile enforcement campaign in Chicago since September and has also been involved in operations in Los Angeles and now Charlotte.

Bovino has frequently served as the public face of these efforts — holding press briefings, giving interviews, and promoting arrest numbers as signs of success.

His approach has drawn controversy. Civil rights groups, local officials, and legal experts have criticised tactics used under his command, including aggressive arrests, the use of chemical agents against detainees, and the use of Border Patrol troops far from the US border. Several operations have faced legal challenges, and judges as well as local leaders have questioned whether federal agents are acting within their jurisdiction.

Regarding the use of chemical agents, Bovino told The Associated Press news agency that using chemical agents is “far less lethal” than what his agents encounter. “We use the least amount of force necessary to effect the arrest,” he said. “If I had more CS gas, I would have deployed it.” CS gas is a tear gas commonly used by federal agents.

What do we know about the communities affected?

Local reporting shows that Charlotte’s immigrant neighbourhoods felt the impact immediately. The Charlotte Observer described how a baker, Manuel “Manolo” Betancur, shut down his bakery on Saturday afternoon — the first closure in its 28-year history — after learning that Border Patrol agents had arrived in the city.

He said he has no idea when he will reopen.

“The amount of fear that we have right now is no good,” Betancur said, outside Manolo’s Bakery on Central Avenue, a major hub for the city’s immigrant community.

“It’s not worth it to take that risk,” he said. “We need to protect our families and [prevent] family separation.”

The bakery was not the only one. Businesses along Central Avenue shut their doors as masked federal agents conducted arrests, prompting anger and anxiety in the community.

Pisco Peruvian Gastrolounge posted on Saturday that it would be temporarily closing. “We cannot wait for the moment we can safely welcome you back and continue sharing our culture, our food, and our vibes,” the restaurant shared on Instagram.

What’s next?

Federal immigration officials are preparing to widen their activities in North Carolina, with Raleigh expected to be included in the enforcement effort as soon as Tuesday, the city’s mayor said.

Raleigh Mayor Janet Cowell noted on Monday that she had received no details about how large the operation would be or how long it might last, and immigration authorities have yet to make any public statements.

“I ask Raleigh to remember our values and maintain peace and respect through any upcoming challenges,” Cowell said in a statement.

Raleigh, with a population of more than 460,000, is North Carolina’s second-largest city after Charlotte, and is part of a region known as the Research Triangle that is home to several leading universities, including Duke and the University of North Carolina at Chapel Hill.

The possible expansion of immigration raids comes as nationwide detention figures reach historic levels. ICE held 59,762 people in custody as of September 21, 2025, according to TRAC Reports, a nonpartisan data-gathering platform. This is the highest number of ICE arrests ever recorded. Roughly 71.5 percent of those detained had no criminal conviction, and many of those with convictions had only minor offences, such as traffic violations.

A suspect accused of having links to a deadly car bomb in the Indian capital New Delhi, was seen being led into court. The suspect is one of three men accused of involvement in the attack.

Hamas says a UN Security Council resolution backing Trump’s Gaza plan fails to meet the political and humanitarian demands of Palestinians.

Chinese state media says distributors made ‘prudent’ decision to postpone releases due to audience sentiment.

Chinese film distributors have suspended the release of two Japanese anime films amid an escalating diplomatic row over Taiwan.

Crayon Shin-chan the Movie: Super Hot! The Spicy Kasukabe Dancers and Cells at Work! will not be screened in mainland China as originally scheduled, Chinese state-run broadcaster CCTV said on Tuesday.

The move comes as relations between Tokyo and Beijing are at their lowest ebb in years following Japanese Prime Minister Sanae Takaichi’s suggestion that Tokyo could intervene militarily if China attempted to take control of Taiwan.

CCTV said distributors made the “prudent” decision to postpone the releases in view of the overall market performance of Japanese films and “Chinese audience sentiment”.

Film distributors reported that Takaichi’s “provocative remarks” would inevitably affect Chinese audience perceptions of Japanese cinema, CCTV said, adding that the companies would follow “market principles and respect audience preferences” by delaying the releases.

Naoise McDonagh, an expert in economic coercion at Edith Cowan University in Western Australia, said the postponements followed a well-worn playbook in Chinese statecraft.

“China is usually careful to target trade that is non-essential for China, but which will impact Japanese firms, creating both financial costs and symbolic pressure,” McDonagh told Al Jazeera.

Such incidents allow Beijing to signal that parties who act against its interests will face costs, “providing China some degree of influence on other governmental decision-making processes that impact China’s red line,” McDonagh said.

The delayed film releases follow a series of retaliatory moves by Beijing in response to Takaichi’s comments, including an advisory warning its citizens against travel to Japan and the deployment of warships to waters near the disputed Senkaku Islands.

Japan on Monday issued its own travel advisory for China, warning its citizens to respect local customs, avoid crowded places and exercise caution in their interactions with Chinese people.

Japanese Chief Cabinet Secretary Minoru Kihara on Tuesday told a regular media briefing that its advisories were based on “the social situations” of various countries and its latest statement reflected recent reports on the Tokyo-Beijing tensions.

Kihara also said that Tokyo had an “open stance” on dialogue with China after Beijing said that Chinese Premier Li Qiang had no plans to meet Takaichi on the sidelines of this weekend’s G20 summit in South Africa.

Kihara made the comments as Japan’s top official for Asia Pacific affairs, Masaaki Kanai, met his Chinese counterpart, Liu Jinsong, in Beijing on Tuesday in a bid to calm tensions between the sides.

China considers self-ruled Taiwan part of its territory and has pledged to “reunify” the island with the Chinese mainland, by force if necessary.

Japan views China’s stance on Taiwan with concern due to the island’s close proximity to Japanese territory and its location in waters that carry large volumes of trade.

China insists that countries, in order to have diplomatic ties with Beijing, must not officially recognise Taiwan. Most countries follow China’s demand, but many maintain economic and semiofficial diplomatic ties with Taipei.

Summers says he will be taking a step back from engagements after his emails discussing personal and political matters with Epstein made public.

Former Harvard president Larry Summers has apologised and says he will be stepping back from public life after his email exchanges with the disgraced financier and convicted sex offender Jeffrey Epstein were made public.

“I am deeply ashamed of my actions and recognise the pain they have caused. I take full responsibility for my misguided decision to continue communicating with Mr. Epstein,” Summers said in a statement published by CBS News on Monday.

“While continuing to fulfil my teaching obligations, I will be stepping back from public commitments as one part of my broader effort to rebuild trust and repair relationships with the people closest to me,” he said.

The emails were among the 20,000 pages of documents obtained from Epstein’s estate and released last week by the United States House Committee on Oversight amid ongoing questions about the ex-financier’s relationship with President Donald Trump.

Epstein died by suicide in August 2019 while awaiting trial on sex trafficking charges. He was previously convicted in 2008 for soliciting prostitution and soliciting prostitution from a minor, but he served a light 13-month sentence. Before his downfall in 2019, Epstein was in constant contact with world leaders, celebrities, and high-profile figures like Summers.

The emails between Epstein and Summers span from at least 2017 to 2019 and cover a range of topics, including US foreign policy to Trump’s first presidency, as well as personal matters.

In one email from 2017, Summers advises Epstein that his “pal”, billionaire Thomas Barrack Jr, should stay out of the press following a Washington Post story about Barrack Jr’s relationship with both Trump and political lobbyist Paul Manafort.

“Public link to manafort will be a disaster,” he wrote. “This is a staggering [expletive] show.”

In another December 2018 email, Summers asks Epstein for help securing an invitation to the World Economic Forum in Davos, Switzerland, which Epstein appears to turn down.

Summers previously served as Treasury secretary under President Bill Clinton and as an adviser to President Barack Obama. He also served as the president of Harvard from 2001 to 2006, when he was forced to resign over remarks suggesting that women were less adept at maths and science than men due to biological differences.

His recent posts include board member at OpenAI and distinguished senior fellow at the Centre for American Progress, according to NBC News. He remained a tenured professor at Harvard after stepping down.

In his emails with Epstein, Summers appears to have held on to his beliefs about women more than 10 years later. In one October 2017 email to Epstein about an event that included “lots of slathering to Saudis”, he wrote that he “yipped about inclusion”.

“I observed that half the IQ in world was possessed by women without mentioning they are more than 51 percent of the population …,” he wrote in the email to Epstein.

In another email the same month, written at the height of the #MeToo movement, Summers appeared disenchanted with the wave of resignations over sexual and personal misconduct by US public figures.

“I’m trying to figure why American elite think if u murder your baby by beating and abandonment it must be irrelevant to your admission to Harvard, but hit on a few women 10 years ago and can’t work at a network or think tank,” he said in the email to Epstein.

In another email exchange between late November and early December 2018, he and Epstein discuss his relationship with a female colleague at length and how Summers – who was then in his mid-60s – should handle the situation.

“Think for now I’m going nowhere with her except economics mentor. I think I’m right now in the seen very warmly in rearview mirror category. She did not want to have a drink cuz she was ‘tired.’ I left the hotel lobby somewhat abruptly. When I’m reflective, I think I’m dodging a bullet,” Summers wrote to Epstein.

“Smart. Assertive and clear. Gorgeous. I’m [ expletive],” Summers wrote in a follow-up email describing the woman, before later concluding a “cooling off” period was needed.

A handful of opposition abstentions allowed Carney and minority Liberals to advance a deficit-boosting budget aimed at countering US tariffs.

Prime Minister Mark Carney’s minority government narrowly survived a confidence vote on Monday as Canadian lawmakers endorsed a motion to begin debating his first federal budget – a result that avoids the prospect of a second election in less than a year.

The House of Commons voted 170-168 to advance study of the fiscal plan. While further votes are expected in the coming months, the slim victory signals that the budget is likely to be approved eventually.

Tonight, the House of Commons has voted to pass Budget 2025.

It’s time to work together to deliver on this plan — to protect our communities, empower Canadians with new opportunities, and build Canada strong.

— Mark Carney (@MarkJCarney) November 18, 2025

“It’s time to work together to deliver on this plan – to protect our communities, empower Canadians with new opportunities, and build Canada strong,” Carney said on X, arguing that his spending blueprint would help fortify the economy against escalating United States tariffs.

Carney has repeatedly cast the budget as a “generational” chance to reinforce Canada’s economic resilience and to reduce reliance on trade with the US.

The proposal includes a near doubling of Canada’s deficit to 78.3 billion Canadian dollars ($55.5bn) with major outlays aimed at countering US trade measures and supporting defence and housing initiatives. The prime minister has insisted that higher deficit spending is essential to cushion the impact of US President Donald Trump’s tariffs. While most bilateral trade remains tariff-free under an existing North American trade agreement, US levies on automobiles, steel and aluminium have struck significant sectors of the Canadian economy.

According to Carney, a former central banker, internal forecasts show that “US tariffs and the associated uncertainty will cost Canadians around 1.8 percent of our GDP [gross domestic product]”.

The Liberals, a few seats short of a majority in the 343-seat House of Commons, relied on abstentions from several opposition members who were reluctant to trigger early elections. Recent polling suggested Carney’s Liberals would remain in power if Canadians were sent back to the polls.

Carney was elected to a full term in April after campaigning on a promise to challenge Washington’s protectionist turn. Meanwhile, the Conservative Party, the official opposition, has been wrestling with internal divisions since its defeat, and leader Pierre Poilievre faces a formal review of his performance early next year.

Poilievre has sharply criticised the government’s spending plans, branding the fiscal package a “credit card budget”.

The left-leaning New Democratic Party (NDP) has also expressed concerns, arguing that the proposal fails to adequately address unemployment, the housing crisis and the cost-of-living pressures faced by many Canadian families.

NDP interim leader Don Davies said the party accepted that blocking the budget would push the country back into an unwanted election cycle, explaining why two of its MPs ultimately abstained.

It was “clear that Canadians do not want an election right now … while we still face an existential threat from the Trump administration”, he said.

“Parliamentarians decided to put Canada first”, Finance Minister Francois-Philippe Champagne said.

Polling before Monday’s vote suggested Canadians broadly shared this view. A November survey by the analytics firm Leger found that one in five respondents supported immediate elections while half said they were satisfied with Carney’s leadership.

US president defends economic policies as polls show growing angst among voters over prices.

United States President Donald Trump has defended his administration’s record on lowering prices as he faces growing discontent from Americans over the cost of living.

In a speech to McDonald’s franchise owners and suppliers on Monday, Trump claimed credit for bringing inflation back to “normal” levels while pledging to bring price growth lower still.

“We have it down to a low level, but we’re going to get it a little bit lower,” Trump said.

“We want perfection.”

Returning to his regular talking point that Democrats had mismanaged the economy, the Republican president blamed cost pressures on former US President Joe Biden and insisted Americans were “so damn lucky” he won the 2024 election.

“Nobody has done what we’ve done in terms of pricing. We took over a mess,” Trump said.

Trump, whose 2024 presidential campaign focused heavily on the cost of living, has struggled to win over Americans with his protectionist economic message amid persistent affordability concerns.

In an NBC News poll released this month, 66 percent of respondents said Trump had fallen short of their expectations on affordability, while 63 percent answered the same for the economy in general.

Voter angst over prices has been widely identified as a key reason Republicans suffered a shellacking in off-year elections held early this month in multiple states, including New Jersey and Virginia.

Despite repeatedly playing down the effects of his tariffs on prices, Trump on Friday signed an executive order lowering duties on 200 food products, including beef, bananas, coffee and orange juice.

Trump has also floated tariff-funded $2,000 rebate cheques and the introduction of 50-year mortgages as part of a push to address affordability concerns.

While inflation has markedly declined since hitting a four-decade high of 9.1 percent under Biden, it remains significantly above the Federal Reserve’s 2 percent target.

The inflation rate rose to 3 percent in October, the first time it hit the 3 percent mark since January, although many analysts had expected a higher figure due to Trump’s trade salvoes.

Trump, who is well known for his love of McDonald’s, spent a considerable portion of Monday’s speech praising the fast-food chain and casting the company as emblematic of his economic agenda.

“Together we are fighting for an economy where everybody can win, from the cashier starting her first job to a franchisee opening their first location to the young family in a drive-through line,” he said.

Trump also offered “special thanks” to the fast-food giant for rolling out more affordable menu options, including the reintroduction of extra value meals, which were phased out in 2018 and are priced at $5 or $8.

“We’re getting prices down for this country, and there’s no better leader or advocate than McDonald’s,” he said.

Health authorities isolate more than 100 contacts as deadly hemorrhagic virus detected near South Sudan border.

Ethiopia has confirmed three deaths linked to Marburg virus in the country’s south, as health authorities race to contain an outbreak of the deadly haemorrhagic disease that has put neighbouring nations on high alert.

Health Minister Mekdes Daba announced the deaths on Monday, three days after the government officially declared an outbreak in the Omo region bordering South Sudan.

Laboratory tests confirmed three deaths from the Ebola-like pathogen, while another three deaths showing symptoms of the disease are under investigation, the minister said in a statement reported by state broadcaster EBC.

The rapid spread of cases has triggered urgent containment measures across the region.

Ethiopia has isolated 129 people who came into contact with confirmed patients and is monitoring them closely, while South Sudan issued health advisories urging residents in border counties to avoid contact with bodily fluids.

Initial symptoms include severe fever, intense headaches and muscle pain, followed by vomiting and diarrhoea. In serious cases, patients develop haemorrhaging from the nose, gums and internal organs.

Ethiopian authorities first detected the virus on Wednesday in the Jinka area after receiving alerts about a suspected hemorrhagic illness. Officials tested 17 individuals, identifying at least nine infections before confirming the initial deaths.

Daba said that work is progressing to bring the outbreak under control quickly through a coordinated national response. The government has activated emergency response centres at multiple levels and deployed rapid response teams to affected areas, she said.

The Ethiopian minister added that no active symptomatic cases are currently being treated.

Here’s everything you need to know about #Marburg, its symptoms, and how it spreads. 👇🏿#ViralFacts@viralfacts pic.twitter.com/dg6VdniaNH

— WHO African Region (@WHOAFRO) November 16, 2025

Ethiopia has established its own laboratory testing capacity for Marburg at the national public health institute, allowing authorities to conduct diagnostics independently rather than relying solely on external support.

The minister urged anyone experiencing symptoms to seek immediate medical testing at health facilities.

International health teams from the World Health Organization and the Africa Centers for Disease Control and Prevention have arrived to support containment efforts.

The ministry has also launched a public awareness campaign, distributing infographics in Amharic detailing symptoms and prevention measures, and establishing a hotline for reporting suspected cases.

Marburg spreads through direct contact with infected bodily fluids or contaminated materials.

The virus kills roughly half of those infected on average, though mortality rates have climbed as high as 88 percent in previous outbreaks, according to WHO data.

The UN health agency warns that health workers are especially vulnerable to being infected by the virus “through close contact with patients when infection control precautions are not strictly practised”.

The Ethiopian outbreak extends a troubling pattern of haemorrhagic fever emergencies across East Africa.

A Marburg outbreak in Tanzania claimed 10 lives between January and March this year, while Rwanda ended its first recorded Marburg outbreak last December, with 15 people killed by the virus.

Rwanda tested an experimental vaccine during its outbreak response.

Africa CDC Director-General Jean Kaseya expressed particular concern about potential spillover into South Sudan, citing the country’s weak healthcare infrastructure as a major vulnerability in containing cross-border transmission.

Syria’s Asaad al-Shaibani meets with Chinese counterpart Wang Yi as Damascus pushes to bolster international ties.

Syrian Foreign Minister Asaad al-Shaibani has pledged to deepen collaboration on “counterterrorism” with China on his first visit to Beijing since the toppling of former President Bashar al-Assad last year.

Al-Shaibani and Chinese counterpart Wang Yi agreed on Monday that they would work together on combating “terrorism” and on security matters, with the top Syrian diplomat promising that Damascus would not allow its territory to be used for any actions against Chinese interests, according to Syrian state news agency SANA.

China, a former backer of al-Assad, said that it hoped Syria would take “effective measures” to fulfil its commitment, “thereby removing security obstacles to the stable development of China-Syria relations”, according to a Chinese Ministry of Foreign Affairs statement.

The fate of the Uighur fighters who had gone to Syria after war erupted in 2011 to fight al-Assad’s forces, with many joining the Uighur-dominated Turkistan Islamic Party (TIP) based in Idlib province, was expected to be on al-Shaibani’s agenda in Beijing.

A source from the Ministry of Foreign Affairs and Expatriates in Damascus denied a report by news agency AFP that cited unidentified sources as saying the Syrian government planned to hand over 400 fighters who had fled persecution in China “in batches”.

The “report regarding the Syrian government’s intention to hand over fighters to China is without foundation”, said the source in a brief statement to SANA.

During the meeting in Beijing, al-Shaibani also gave his country’s support for the one China principle, establishing formal diplomatic ties with the Chinese government, rather than with Taiwan, as the sole legal representative of the territory.

Wang, for his part, stated that China viewed the Golan Heights as Syrian territory. Israel occupied a portion of the territory in 1967 and subsequently annexed it in violation of international law.

Since al-Assad’s fall in December 2024, Israel has been expanding its occupation into southern Syria, including a United Nations-monitored buffer zone established by a 1974 ceasefire agreement.

On Monday, Damascus and Beijing expressed interest in expanding collaboration on economic development, Syria’s reconstruction, and raising living standards, highlighting the role of the China-Arab Cooperation Forum as a basis for bilateral collaboration, said SANA.

Al-Shaibani’s visit to China comes as Damascus pushes to rebuild its diplomatic ties around the world, with some stunning successes, including securing sanction relief from the West and major Gulf investments, giving the country a much-needed economic lifeline.

Earlier this month, President Ahmed al-Sharaa became the first-ever Syrian leader to visit the White House since the country’s independence in 1946. Syria also joined a US-led international coalition to fight ISIL (ISIS).

In October, al-Sharaa told Russia’s President Vladimir Putin during a visit to Moscow that he sought to “restore and redefine ties” between the two countries.

However, there was no mention after that meeting of whether Moscow would hand over al-Assad, who fled to Russia after his government fell due to an offensive by armed opposition groups led by al-Sharaa.

Since the collapse of the al-Assad government, Russia has retained a presence at its air and naval bases on the Syrian coast. Moscow was one of al-Assad’s top backers and provided air support for government forces during the war.

But al-Shraa’s government appears to be prepared to forge relations with allies of the former regime, as highlighted by al-Shaibani’s talks in Beijing on Monday.

US president signals major arms deal before Saudi Crown Prince Mohammed bin Salman’s visit to the White House.

United States President Donald Trump says he will greenlight the sale of advanced F-35 fighter jets to Saudi Arabia, signalling a departure in how Washington handles sophisticated weapons transfers to Arab countries.

Trump made the announcement on Monday at the White House, just one day before Crown Prince Mohammed bin Salman is due to visit. “We’ll be selling F-35s,” the president told reporters, lauding Washington’s ties with Riyadh.

 “Yeah, I am planning on doing it. They want to buy them. They’ve been a great ally,” Trump said.

The decision marks a substantial win for Riyadh as Trump works to persuade Saudi Arabia to establish official ties with Israel as part of the Abraham Accords.

But Saudi officials have repeatedly reasserted the kingdom’s commitment to the Arab Peace Initiative, which conditions recognition of Israel on the establishment of a viable Palestinian state.

The potential arms deal between Washington and Riyadh raises questions about preserving Israel’s qualitative military edge, which is enshrined in US law. Some Israeli officials have already voiced opposition to the transfer of F-35 jets to Saudi Arabia.

The US has a decades-old commitment of ensuring Israel retains superior military capabilities over potential regional adversaries.

The principle, first established under President Lyndon Johnson in 1968 and formally adopted by President Ronald Reagan, has guided American arms sales in the Middle East for more than four decades.

Every US administration since has pledged to preserve Israel’s ability to emerge victorious against any likely combination of regional forces.

The F-35, manufactured by Lockheed Martin, is widely regarded as the world’s most advanced fighter jet, featuring technology that makes it difficult for enemy defences to detect.

Critics in Israel have warned the sale could erode the country’s longstanding military superiority in the region.

Yair Golan, an opposition politician and former deputy chief of the Israeli army, said the move risked opening “an arms race in the Middle East” that could undermine advantages Israel has held for decades. He also blasted Prime Minister Benjamin Netanyahu’s government as being “failure-prone”.

“The qualitative military edge, which has been the cornerstone of Israel’s security for many decades, is being squandered,” Golan said.

Israeli National Security Minister Itamar Ben-Gvir also said Israel must maintain its aerial superiority in the region.

“We are in the Middle East – we cannot get confused. We extend a hand to anyone who truly wants to extend a hand and not harm the State of Israel, but we must preserve our superiority,” he told the Jewish News Syndicate on Monday.

The timing of Trump’s announcement, just before Prince Mohammed’s visit to the White House, underscores the US administration’s efforts to deepen ties with Riyadh as part of its broader Middle East strategy.

Washington has historically managed concerns about Israel’s military edge by either downgrading weapons systems sold to Arab states or providing upgraded versions and additional equipment to Israel.

Prince Mohammed’s visit comes as the shaky ceasefire in Gaza continues amid near-daily Israeli violations.

On Monday, when asked about a potential F-35 deal with Riyadh, Trump invoked the US attack on Iran in June, which he said “obliterated” the country’s nuclear facilities.

Saudi Arabia was not involved in those strikes, but the kingdom’s official news agency, SPA, reported on Monday that Prince Mohammed received a handwritten letter from Iranian President Masoud Pezeshkian before his trip to Washington – without providing details about its content.

If the F-35 sale materialises, Saudi Arabia would become the first Arab country in the F-35 programme.

In 2020, Trump approved the sale of F-35 jets to the United Arab Emirates after Abu Dhabi agreed to establish formal ties with Israel. But the deal fell through after Joe Biden succeeded Trump in 2021 amid concerns by US lawmakers over the security of the technology.

The US Congress can disapprove weapon sales authorised by the president and his secretary of state.

Cook’s lawyer says the criminal referrals against her ‘fail on even the most cursory look at the facts’.

United States Federal Reserve Governor Lisa Cook’s lawyer has offered the first detailed defence of mortgage applications that gave rise to President Donald Trump’s move to fire her, saying apparent discrepancies in loan documents were either accurate at the time or an “inadvertent notation” that couldn’t constitute fraud given other disclosures to her lenders.

Cook has denied wrongdoing, but until Monday, neither she nor her legal team had responded in any detail to the fraud accusations first made in August by Federal Housing Finance Agency (FHFA) Director William Pulte.

She has challenged her removal in court, and the US Supreme Court has for now blocked Trump’s firing attempt and will hear arguments in the case in January.

A Department of Justice spokesperson said the department “does not comment on current or prospective litigation, including matters that may be an investigation”.

In a letter to US Attorney General Pam Bondi seen by the Reuters news agency, Cook’s lawyer Abbe Lowell said the criminal referrals Pulte made against her “fail on even the most cursory look at the facts”.

The two separate criminal referrals Pulte made fail to establish any evidence that Cook intentionally deceived her lenders when she obtained mortgage loans for three properties in Michigan, Georgia and Massachusetts, the letter said.

Lowell also accused Pulte of selectively targeting Trump’s political enemies while ignoring similar allegations against Republican officials, The Wall Street Journal reported.

Lowell said other recent conduct by Pulte “undercut his criminal referrals concerning Governor Cook”. That behaviour includes the recent dismissal of the FHFA’s acting inspector general and several internal watchdogs at Fannie Mae, one of the mortgage-finance giants under FHFA control.

The letter also cited a recent article by Reuters that said the White House ousted FHFA acting Inspector General Joe Allen right after he tried to provide key discovery material to federal prosecutors in the Eastern District of Virginia who are pursuing an indictment against New York Attorney General Letitia James.

James was charged with bank fraud and lying to her lender also after Pulte made a referral to the Justice Department. She has pleaded not guilty, and she is seeking a dismissal of the case on multiple grounds, including vindictive and selective prosecution.

Cook’s case is being handled in part by Ed Martin, the Justice Department’s pardon attorney, whom Bondi named as a special assistant US attorney to assist with mortgage fraud probes into public figures.

The case is still being investigated, and no criminal charges have been brought. The department is also separately investigating Democratic California Senator Adam Schiff, also at Pulte’s request.