US & Canada

Video: US agents placed on leave over Pretti shooting as vigil held | Police

NewsFeed

Two US federal agents involved in the fatal shooting of intensive care nurse Alex Pretti during an immigration raid in Minneapolis have been placed on administrative leave, as fallout from the most recent killing of a US citizen continues to cause outrage. Al Jazeera’s Manuel Rapalo explains.

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Is the global economic order unravelling? | Business and Economy

As the United States pushes its ‘America First’ agenda, its partners are edging towards China and new alliances are being formed.

It was built on democracy, open markets and cooperation – with America at the helm.

But the rules-based global order created after World War II is now under strain. Conflicts are rising. International rules are being tested. Trade tensions are escalating. And alliances are shifting.

At the centre of it all is US President Donald Trump.

In just a few short weeks, he’s captured Venezuela’s president, vowed to take control of Greenland, and threatened to slap tariffs on those who oppose him.

Meanwhile, China is presenting itself as a stable partner.

Many warn that the global order is starting to break apart.

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Palestinian journalist Bisan Owda with 1.4m followers reports TikTok ban | Israel-Palestine conflict News

Emmy-winning Owda points to changes in TikTok’s US ownership, remarks from Israel’s Benjamin Netanyahu to explain ban.

Award-winning Palestinian journalist Bisan Owda has said she has been permanently banned from TikTok, days after the social media platform was acquired by new investors in the United States.

Owda, an Emmy Award-winning journalist and contributor to Al Jazeera’s AJ+ from Gaza, shared a video on her Instagram and X accounts on Wednesday, telling her followers that her TikTok account had been banned.

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“TikTok deleted my account. I had 1.4 million followers there, and I have been building that platform for four years,” Owda said in the video filmed from Gaza.

“I expected that it will be restricted, like every time, not banned forever,” she added.

Al Jazeera sent a query to TikTok inquiring about Owda’s account and is waiting for a reply.

Hours after Owda shared her video, an account that appeared to have the same username was still visible on TikTok with a message that said: “Posts that some may find uncomfortable are unavailable.”

The last post visible on that account was from September 20, 2025, nearly three weeks before a ceasefire was reached in Israel’s genocidal war on the Gaza Strip.

In her video on Wednesday, Owda pointed to recent remarks from Israeli Prime Minister Benjamin Netanyahu as well as Adam Presser, the new CEO of TikTok’s US arm, as a possible explanation for the ban.

Netanyahu met with pro-Israel influencers in New York in September last year, telling them that he hoped the “purchase” of TikTok “goes through”.

“We have to fight with the weapons that apply to the battlefield in which we engage, and the most important ones are social media,” Netanyahu, who is a war crimes suspect, said at the time.

“The most important purchase that is going on right now is … TikTok,” Netanyahu added. “TikTok, number one, number one, and I hope it goes through, because it can be consequential,” he said.

TikTok announced last week that a deal to establish a separate version of the platform in the US had been completed, with the new entity controlled by investment firms, many of which are American companies, including several linked to US President Donald Trump.

Owda also shared an undated video of Adam Presser, the new CEO of TikTok’s US arm.

In the video, Presser speaks about changes made at TikTok, where he previously worked as head of operations in the US, saying that “the use of the term Zionist as a proxy for a protected attribute” had been designated “as hate speech”.

“There’s no finish line to moderating hate speech, identifying hateful trends, trying to keep the platform safe,” Presser said.

Zionism is a nationalist ideology that emerged in the late 1800s in Europe, calling for the creation of a Jewish state.

Owda’s social media presence grew from posting daily videos in which she greeted her audience, saying, “It’s Bisan From Gaza – and I’m still alive.”

She made a documentary of the same name with Al Jazeera’s AJ+, which was awarded an Emmy in the Outstanding Hard News Feature Story category in 2024.

Her video on Wednesday came as Israel’s top court again postponed making a decision on whether foreign journalists should be allowed to enter and report on Gaza independently of the Israeli military.

Despite the ongoing ceasefire, an Israeli attack last week killed three Palestinian journalists in Gaza.

According to the Committee to Protect Journalists, at least 207 Palestinian journalists and media workers have been killed in Gaza since October 2023, with the “vast majority” killed by Israeli forces.

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Elon Musk’s Tesla reports first-ever annual decline in revenue | Elon Musk

Musk’s electric car company says it will invest $2bn in artificial intelligence start-up as part of pivot away from auto market.

Tesla has reported its first-ever decline in annual revenue on a busy day for corporate earnings that also saw the release of results from Microsoft, Meta and Samsung Electronics.

Elon Musk’s electric car company said on Wednesday that revenue fell 3 percent year-on-year to $24.9bn in the final quarter of 2025. Revenue for all of 2025 was $94.8bn, down from $97.7bn the previous year.

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Net profit fell 61 percent to $840m in the quarter, taking profit for the year to $3.8bn, down sharply from $7.1bn in 2024.

The Austin, Texas-based company also revealed that it had agreed to invest $2bn in Musk’s artificial intelligence start-up xAI – the developer of Musk’s controversial Grok chatbot – as part of a push to lessen its reliance on the auto market.

“Together, the investment and the related framework agreement are intended to enhance Tesla’s ability to develop and deploy AI products and services into the physical world at scale,” the company said in its earnings report.

Tesla shares rose about 2.2 percent in after-hours trading.

Also on Wednesday, tech giants Microsoft, Meta and Samsung reported strong earnings in their latest reports to shareholders.

Meta, the parent company of Facebook and Instagram, reported a profit of $22.8bn on revenue of $59.9bn in the October-December period, a 6 percent rise year-on-year.

Meta shares surged nearly 7 percent in extended-hours trading.

Microsoft said profit rose 60 percent to $38.5bn in the final quarter, based on revenue of $81.3bn.

“We are only at the beginning phases of AI diffusion and already Microsoft has built an AI business that is larger than some of our biggest franchises,” Microsoft CEO Satya Nadella said in a statement.

“We are pushing the frontier across our entire AI stack to drive new value for our customers and partners.”

Despite its strong earnings, Microsoft’s announcement that capital spending hit a record $37.5bn in the second quarter stoked fears of an AI investment bubble, sending stock prices sharply lower.

Microsoft’s shares fell more than 6 percent in after-hours trading on Wednesday.

Samsung Electronics, the biggest producer of memory chips globally, reported a profit of 20.1 trillion won ($13.98bn) on revenue of 93.8 trillion won ($65.6bn), a more than three-fold rise from the previous year.

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Quebec mosque attack anniversary renews call to end anti-Muslim hate | Islamophobia News

Montreal, Quebec, Canada – Canadian Muslim leaders are calling for an end to Islamophobic rhetoric and fearmongering, as the country prepares to mark the nine-year anniversary of a deadly attack on a mosque in the province of Quebec.

Stephen Brown, CEO of the National Council of Canadian Muslims (NCCM), said Thursday’s anniversary is a reminder that Islamophobia in Canada “is not benign”.

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“It’s something that unfortunately kills people,” Brown told Al Jazeera. “[The anniversary] forces us to remember that there’s real consequences to hatred.”

Six Muslim men were killed when a gunman opened fire at the Quebec Islamic Cultural Centre in Quebec City on January 29, 2017, marking the deadliest attack on a house of worship in Canadian history.

The assault left Quebec City’s tight-knit Muslim community deeply shaken, spurred vigils and condemnation across Canada, and shone a spotlight on a global rise in anti-Muslim hate and radicalisation.

The Canadian government denounced the shooting as a “terrorist attack” against Muslims and pledged to tackle the underlying issues.

In 2021, it announced it was designating January 29 as the National Day of Remembrance of the Quebec City Mosque Attack and Action against Islamophobia.

But Brown said he was not sure whether the lessons learned after what happened in Quebec City were being fully remembered today, nearly a decade later.

“Right after the Quebec City mosque massacre, there really was a desire in society to try to mend some of the wounds and build some bridges,” he said.

“Unfortunately, what a lot of people are seeing 1769652192 – and especially for Muslims that live in Quebec – … is a massive return to using Islamophobia and spreading fear of Muslims for political gain.”

Photos of the six men killed during the Quebec City mosque attack
[Al Jazeera]

Laws and rhetoric

Brown pointed to a series of measures put forward by Quebec’s right-wing Coalition Avenir Quebec (CAQ) government that human rights groups say target Muslim Quebecers.

In power since 2018, the CAQ passed a law in 2019 to bar some public servants from wearing religious symbols on the job, including headscarves worn by Muslim women, Sikh turbans and Jewish yarmulkes.

The government justified the law, known as Bill 21, as being part of its push to protect secularism in the province, which in the 1960s underwent a so-called “Quiet Revolution” to break the Catholic Church’s influence over state institutions.

But rights advocates said Bill 21 discriminated against religious minorities and would have a disproportionately harmful effect on Muslim women, in particular.

As the CAQ’s popularity has plummeted in recent months, it has passed and put forward more legislation to strengthen its so-called “state secularism” model in advance of a looming provincial election later this year.

Most recently, in late November, the CAQ introduced a bill that would extend the religious symbols prohibition to daycares and private schools, among other places.

Bill 9 also bars schools from offering meals based exclusively on religious dietary requirements – such as kosher or halal lunches – and outlaws “collective religious practices, notably prayer” in public.

The main prayer room at the Quebec Islamic Cultural Centre is pictured
The attack on Quebec City’s largest mosque lasted less than two minutes [File: Jillian Kestler-D’Amours/Al Jazeera]

“Quebec has adopted its own model of state secularism,” said the provincial minister responsible for secularism, Jean-Francois Roberge.

Roberge has rejected the idea that the bill was targeting Muslim or Jewish Quebecers, telling reporters during a news conference on November 27 that the “same rules apply to everybody”.

But the Canadian Civil Liberties Association (CCLA) – which is involved in a lawsuit against Bill 21 that will be heard by the Supreme Court of Canada later this year – said Bill 9 “masks discrimination as secularism”.

“These harmful bans disproportionately target and marginalize religious and racialized minorities, especially Muslim women,” Harini Sivalingam, director of the CCLA’s equality programme, said in a statement.

According to Brown at NCCM, the Quebec government’s moves have sent “the message to society that there’s something inherently dangerous or wrong with being a visible, practising Muslim”.

He warned that, when people in positions of authority use anti-Muslim rhetoric to try to score political points, “it gives licence to those who already hold a lot of these Islamophobic views or hateful views to actually take it out on people”.

‘Hate continues to threaten’

At the federal level, Amira Elghawaby, Canada’s special representative on combating Islamophobia, said the Canadian government has shown a continued commitment to tackling the problem.

That includes through an Action Plan on Combatting Hate, launched in 2024, which has devoted millions of dollars to community groups, antifascism programmes and other initiatives.

But Elghawaby told Al Jazeera that Islamophobia has nevertheless been rising in Canada, “whether it’s through police-reported hate crimes [or] whether it’s Canadians sharing that they’re experiencing discrimination at work [and] at school”.

A memorial outside the Quebec City mosque is engraved with the names of six men killed
Three black stone plinths stand in a memorial to the victims of the attack, outside the Quebec City mosque, in 2022 [File: Jillian Kestler-D’Amours/Al Jazeera]

According to Statistics Canada, 211 anti-Muslim hate crimes were reported to police in 2023 – a 102-percent jump compared with the previous year. There was a slight increase in 2024 – the most recent year for which the data is available – with 229 incidents reported.

Elghawaby, whose office was established after another anti-Muslim attack killed four members of a single family in London, Ontario, in 2021, said the figures underscore “that hate continues to threaten Canadians”.

“Canada, despite a global reputation of being a country that welcomes people from around the world, does struggle with division, with polarisation, with the rise of extremist narratives,” she said, adding that remembering the Quebec City mosque attack remains critical.

“[The families of the men killed] don’t want the loss of their loved ones to be in vain. They want Canadians to continue to stand with them, to continue to stand against Islamophobia, and to do their part in their own circles to help promote understanding,” Elghawaby said.

“History can sadly repeat itself if we don’t learn from the lessons of the past.”

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FBI executes search warrant at Georgia election office over 2020 US vote | Donald Trump News

FBI searches Fulton County election office in Georgia over 2020 election concerns linked to Trump-Biden contest.

The US Federal Bureau of Investigation (FBI) is executing a search warrant at a Fulton County election office in Georgia related to the 2020 United States election, an agency spokesperson said.

An FBI spokesperson said agents were “executing a court-authorised law enforcement action” at the county’s main election office in Union City, just south of Atlanta. The spokesperson declined to provide any further information, citing an ongoing matter.

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FBI agents were spotted entering the Fulton County Election Hub and Operation Center, said Fox News, which first reported the search of a new facility that state officials opened in 2023.

The probe concerns the 2020 election, in which Republican Donald Trump, the current US president, lost to the former US president, Democrat Joe Biden, the official said.

The search comes as the FBI, under the leadership of Director Kash Patel, has moved quickly to pursue the political grievances of Trump, including by working with the Justice Department to investigate multiple perceived adversaries of the commander-in-chief.

The Justice Department had no immediate comment.

Find the votes

Trump has long insisted that the 2020 election was stolen even though judges across the country and his own attorney general said they found no evidence of widespread fraud that tipped the contest in Biden’s favour.

Representatives for Fulton County’s election office referred queries to the county’s external affairs office, which did not immediately return a call seeking comment.

The Democratic-leaning county, home to Atlanta, backed Biden by a wide margin in the 2020 election, helping him win the state and the presidency.

Trump unsuccessfully sought to overturn the result, pressuring the state’s top election official to “find” him enough votes to claim victory.

Earlier this month, Trump asked a state court for $6.2m in legal fees, saying he spent it fighting criminal charges of election interference filed by Fulton County District Attorney Fani Willis.

In August 2023, Willis obtained an indictment against Trump and 18 others, accusing them of participating in a wide-ranging scheme to illegally try to overturn the results of the 2020 presidential election.

That case was dismissed in November after courts barred Willis and her office from pursuing it because of an “appearance of impropriety” stemming from a romantic relationship she had with a prosecutor she had appointed to lead the case.

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US Federal Reserve holds interest rates steady despite political pressure | Business and Economy News

The United States Federal Reserve is holding interest rates steady in its first rate decision of 2026.

Rates will remain at 3.5 to 3.75 percent, the Fed said on Wednesday, defying US President Donald Trump’s calls for more aggressive interest rate cuts.

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“The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated,” the central bank said in its release announcing the decision.

Wednesday’s decision was widely expected. CME FedWatch, a tool that tracks expectations for monetary policy, forecast a more than 97 percent chance that the central bank would hold rates steady.

The tracker also expects two rate cuts in 2026, with the highest probability for the first cut occurring in June at the earliest.

“Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has shown some signs of stabilization,” the central bank said.

The decision comes amid signs of stabilisation in the US labour market. The US economy added 584,000 jobs in 2025, marking the lowest annual job growth since 2003. Payrolls rose by 64,000 jobs in October and 50,000 in December. While job growth remains weak, December’s figure represents a modest rebound from October, when the economy lost 105,000 jobs, according to the Bureau of Labor Statistics.

There are indications that the labour market may cool further in the months ahead. This week, both Amazon and UPS announced tens of thousands of job cuts, some of which were driven by a push towards increasing the use of artificial intelligence in the workplace.

Another threat to the US economy and the job market comes in the form of a looming government shutdown. That can happen as early as Saturday, and depending on its duration, it could slow spending as federal workers are temporarily left without paycheques.

Political tensions

The decision to hold interest rates steady comes despite Trump’s increased pressure on the central bank to cut rates. Fed Chairman Jerome Powell has long stressed the Federal Reserve’s independence, and Wednesday’s decision is the first since Powell’s rebuke of a criminal Department of Justice investigation into him. The central bank chair, whose term expires in May, called the inquiry a “pretext” to pressure him.

“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president,” Powell said in remarks in early January in response to a subpoena.

Last week, the Supreme Court heard arguments in a case examining whether Trump has the legal authority to remove Fed Governor Lisa Cook amid allegations of mortgage fraud.

Meanwhile, Fed Governor Stephan Miran’s term is set to expire this week. Trump picked Miran to temporarily fill the seat vacated by Adriana Kugler in August while seeking a more permanent replacement.

Miran was one of two central bank governors who voted to lower interest rates alongside Christopher Waller.

The developments come as Trump searches for a new Fed chair. He has explicitly called for further interest rate cuts and for a chairman who shares his views.

“Anybody that disagrees with me will never be the Fed Chairman!” Trump said in a post on Truth Social in December.

The political pressure has caught the attention of global central banks as well.

“The Federal Reserve is the biggest, most important central bank in the world, and we all need it to work well. A loss of independence of the Fed would affect us all,” Bank of Canada Governor Tiff Macklem said on Wednesday. Canada’s central bank held rates steady ahead of the US central bank’s decision.

Macklem was one of the central bank heads who earlier this month issued a joint statement backing Powell. Last September, Macklem said Trump’s attempts to pressure the Fed were starting to hit markets.

The Dow Jones Industrial Average is flat, as is the Nasdaq, and the S&P 500 is down 0.1 in midday trading.

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Amazon cuts thousands of jobs amid AI push | E-Commerce News

Wednesday’s cuts are the second mass layoffs in three months at the e-commerce giant.

Amazon is slashing 16,000 jobs in a second wave of layoffs at the e-commerce giant in three months, as the company restructures and leans on artificial intelligence.

Wednesday’s cuts follow the 14,000 redundancies that the Seattle, Washington–based company made in October. The layoffs are expected to affect employees working in Prime Video, Amazon Web Services, and the company’s human resources department, according to the Reuters news agency, which first reported the cuts.

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Amazon confirmed to Al Jazeera that all the cuts to the company will affect corporate-level employees.

In a memo to the employees, shared with Al Jazeera, Amazon said workers in the United States impacted by the cuts will have a 90-day window to find a new role in the company.

“Teammates who are unable to find a new role at Amazon or who choose not to look for one, we’ll provide transition support including severance pay, outplacement services, health insurance benefits [as applicable], and more,” Beth Galetti, senior vice president of People Experience and Technology at Amazon, said in the note provided to Al Jazeera.

The announced reductions come amid a broader restructuring effort at the company. Earlier this week, Amazon announced it would close its brick-and-mortar Amazon Go and Amazon Fresh grocery stores, accounting for more than 70 locations across the US.

Some of those physical stores will be converted into Whole Foods Market locations. Amazon acquired the Austin, Texas–based grocery chain in 2017, and it has since grown by 40 percent.

The cuts come alongside increased investment in AI. In June, CEO Andy Jassy touted investment in generative AI and floated the possibility of redundancies.

“We expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company,” Jassy said in a blog post at the time.

According to the AFL-CIO CEO PayWatch tracker, Jassy made 43 times more than the median employee at the company.

Amazon’s stock tumbled in midday trading and was down 0.7 percent. Overall, however, the stock is up 7 percent year to date.

Wave of cuts

Amazon is the latest company in a wave of redundancies hitting the tech sector at the start of the year. Earlier this week, Pinterest announced it would cut 780 jobs as the social media company reallocated resources amid increased investment in AI. Last week, Autodesk said it would cut about 1,000 jobs, also tied to AI.

 

Layoffs.fyi, a website that tracks redundancies in the tech sector, shows that more than 123,000 tech workers lost their jobs in 2025 as companies, including Salesforce and Duolingo, doubled down on AI investments.

But it is not just the tech sector facing redundancies. On Tuesday, UPS also announced job cuts. The shipping giant said it would eliminate 30,000 jobs and close 24 facilities as it reduces deliveries with Amazon.

UPS stock was down more than 1.2 percent in midday trading.

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China pitches itself as a reliable partner as Trump alienates US allies | International Trade News

China is showcasing itself as a solid business and trading partner to traditional allies of the United States and others who have been alienated by President Donald Trump’s politics, and some of them appear ready for a reset.

Since the start of 2026, Chinese President Xi Jinping has received South Korean President Lee Jae Myung, Canadian Prime Minister Mark Carney, Finnish Prime Minister Petteri Orpo and Irish leader Micheal Martin.

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This week, United Kingdom Prime Minister Keir Starmer is on a three-day visit to Beijing, while German Chancellor Friedrich Merz is expected to visit China for the first time in late February.

Among these visitors, five are treaty allies of the US, but all have been hit over the past year by the Trump administration’s “reciprocal” trade tariffs, as well as additional duties on key exports like steel, aluminium, autos and auto parts.

Canada, Finland, Germany and the UK found themselves in a NATO standoff with Trump this month over his desire to annex Greenland and threats that he would impose additional tariffs on eight European countries he said were standing in his way, including the UK and Finland. Trump has since backed down from this threat.

China’s renewed sales pitch

While China has long sought to present itself as a viable alternative to the post-war US-led international order, its sales pitch took on renewed energy at the World Economic Forum‘s (WEF) annual summit in Davos, Switzerland, earlier this month.

As Trump told world leaders that the US had become “the hottest country, anywhere in the world” thanks to surging investment and tariff revenues, and Europe would “do much better” to follow the US lead, Chinese Vice Premier Li Hefeng’s speech emphasised China’s ongoing support for multilateralism and free trade.

“While economic globalisation is not perfect and may cause some problems, we cannot completely reject it and retreat to self-imposed isolation,” Li said.

“The right approach should be, and can only be, to find solutions together through dialogue.”

Li also criticised the “unilateral acts and trade deals of certain countries” – a reference to Trump’s trade war – that “clearly violate the fundamental principles and principles of the [World Trade Organization] and severely impact the global economic and trade order”.

Li also told the WEF that “every country is entitled to defend its legitimate rights and interests”, a point that could be understood to apply as much to China’s claims over places like Taiwan as to Denmark’s dominion over Greenland.

“In many ways, China has chosen to cast itself in the role of a stable and responsible global actor in the midst of the disruption that we are seeing from the US. Reiterating its support for the United Nations system and global rules has often been quite enough to bolster China’s standing, especially among countries of the Global South,” Bjorn Cappelin, an analyst at the Swedish National China Centre, told Al Jazeera.

The West is listening

John Gong, a professor of economics at the University of International Business and Economics in Beijing, told Al Jazeera that the recent series of trips by European leaders to China shows that the Global North is listening, too. Other notable signs include the UK’s approval of a Chinese “mega embassy” in London, Gong said, and progress in a years-long trade dispute over Chinese exports of electric vehicles (EVs) to Europe.

Starmer is also expected to pursue more trade and investment deals with Beijing this week, according to UK media.

“A series of events happening in Europe seems to suggest an adjustment of Europe’s China policy – for the better, of course – against the backdrop of what is emanating from Washington against Europe,” Gong told Al Jazeera.

The shifting diplomatic calculations are also clear in Canada, which has shown a renewed willingness to deepen economic ties with China after several spats with Trump over the past year.

Carney’s is the first visit to Beijing by a Canadian prime minister since Justin Trudeau went in 2017, and he came away with a deal that saw Beijing agree to ease tariffs on Canadian agricultural exports and Ottawa to ease tariffs on Chinese EVs.

Trump lashed out at news of the deal, threatening 100 percent trade tariffs on Canada if the deal goes ahead.

In a statement last weekend on his Truth Social platform, Trump wrote that Carney was “sorely mistaken” if he thought Canada could become a “‘Drop Off Port’ for China to send goods and products into the United States”.

The meeting between Carney and Xi this month also thawed years of frosty relations after Canada arrested Huawei executive Meng Wanzhou in late 2018 at the behest of the US. Beijing subsequently arrested two Canadians in a move that was widely seen as retaliation. They were released in 2021 after Meng reached a deferred agreement with prosecutors in New York.

In Davos, Carney told world leaders that there had been a “rupture in the world order” in a clear reference to Trump, followed by remarks this week to the Canadian House of Commons that “almost nothing was normal now” in the US, according to the CBC.

Carney also said this week in a call with Trump that Ottawa should continue to diversify its trade deals with countries beyond the US, although it had no plans in place yet for a free-trade agreement with China.

Carney Beijing
Canadian PM Carney, left, meets President Xi in Beijing, China, on January 16, 2026 [Sean Kilpatrick/Pool via Reuters]

Filling the void

Hanscom Smith, a former US diplomat and senior fellow at Yale’s Jackson School of International Affairs, told Al Jazeera that Beijing’s appeal could be tempered by other factors, however.

“When the United States becomes more transactional, that creates a vacuum, and it’s not clear the extent to which China or Russia, or any other power, is going to be able to fill the void. It’s not necessarily a zero-sum game,” he told Al Jazeera. “Many countries want to have a good relationship with both the United States and China, and don’t want to choose.”

One glaring concern with China, despite its offer of more reliable business dealings, is its massive global trade surplus, which surged to $1.2 trillion last year.

Much of this was gained in the fallout from Trump’s trade war as China’s manufacturers – facing a slew of tariffs from the US and declining demand at home – expanded their supply chains into places like Southeast Asia and found new markets beyond the US.

China’s record trade surplus has alarmed some European leaders, such as French President Emmanuel Macron, who, in Davos, called for more foreign direct investment from China but not its “massive excess capacities and distortive practices” in the form of export dumping.

Li tried to address such concerns head-on in his Davos speech. “We never seek trade surplus; on top of being the world’s factory, we hope to be the world’s market too. However, in many cases, when China wants to buy, others don’t want to sell. Trade issues often become security hurdles,” he said.

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Trump promises to ‘de-escalate’ Minnesota crisis after Alex Pretti shooting | Donald Trump News

US president says he still has confidence in Homeland Security Secretary Kristi Noem amid calls for her resignation.

US President Donald Trump said his administration intends to “de-escalate” the spiralling crisis in the state of Minnesota after federal agents killed two United States citizens, including intensive care nurse Alex Pretti, who was shot by two Border Patrol officers over the weekend.

“I don’t think it’s a pullback. It’s a little bit of a change,” President Trump told Fox News on Tuesday.

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“We’re going to de-escalate a little bit,” Trump said, referring to a sweeping federal immigration crackdown in Minneapolis that has led to weeks of protests, the killing of Pretti and Renee Good, and a standoff between state and federal officials.

Top Trump officials, including Department of Homeland Security Secretary Kristi Noem, are under fire from Democrats and a growing number of Republicans over how they responded to Pretti’s shooting.

Pretti was filming Border Patrol officers with his phone when he was shot and killed on Saturday.

He was also a licensed gun owner with a permit to carry a weapon in public, which he was wearing at the time of the shooting and which appears to have been confiscated by officers before he was killed.

Trump told Fox News that he still had confidence in Noem despite calls for her resignation.

Noem, who oversees both Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP), responded to the killing by accusing Pretti of engaging in “domestic terrorism” and suggested the ICU nurse had brandished his weapon at Border Patrol agents during an altercation.

Noem’s remarks preceded any investigation findings and broke with the longstanding protocols of how US officials discuss a civilian shooting by law enforcement. Her characterisation of events also conflicted with preliminary video evidence showing that Pretti did not take out his weapon at any time while he was tackled and later shot and killed by officers.

A CBP official informed Congress on Tuesday that two federal officers fired shots during the killing of Pretti.

According to a notice sent to Congress, officers tried to take Pretti into custody and he resisted, leading to a struggle. During the struggle, a Border Patrol agent yelled, “He’s got a gun!” multiple times, the official said in the notice, according to The Associated Press news agency.

A Border Patrol officer and a CBP officer each fired Glock pistols, the notice said.

Investigators from CBP’s Office of Professional Responsibility conducted the analysis based on a review of body-worn camera footage and agency documentation, the notice said. US law requires the agency to inform relevant congressional committees about deaths in CBP custody within 72 hours.

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UPS says it will shed 30,000 jobs in major cost-cutting drive | Business and Economy

Package-delivery giant targets savings of $3bn in 2026 amid push to slash deliveries for Amazon.

United Parcel Service, one of the world’s largest package-delivery companies, has announced plans to slash up to 30,000 jobs amid a push to cut costs and boost profits.

UPS, based in the US state of Georgia, will make the cuts as part of efforts to achieve savings of $3bn in 2026, UPS chief financial officer Brian ⁠Dykes said on an earnings call on Tuesday.

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Dykes said the job cuts, part of plans to reduce UPS’s reliance on deliveries for its largest customer, Amazon, would be achieved through attrition and voluntary buyouts.

“We expect to offer a second voluntary separation programme for full-time drivers,” Dykes said.

UPS will also shut 24 buildings in the first half of the year and evaluate other buildings for closure in the second half, Dykes said.

He said the savings would be on top of $3.5bn in savings achieved in 2025 through cost-cutting measures, including the elimination of 26.9 million labour hours and the closure of 93 buildings.

Sean O’Brien, president of the Teamsters union, slammed the job cuts in a statement posted on social media.

“Corporate vultures giggled about giving their disrespectful driver buyout program another shot,” O’Brien said.

“Reminder: Teamsters overwhelmingly rejected UPS’s insulting payoff last year. We still know our worth. Drivers still endure violent winters and brutal heat to make UPS its billions. UPS must honor our contract and reward our members.”

UPS announced last year that it would reduce shipments for Amazon by half as part of plans to focus on a smaller volume of more lucrative deliveries.

The firm’s reported revenues of $24.5bn for the final three months of 2025, taking earnings for the year to $88.7bn, and projected revenues in 2026 are expected to hit $89.7bn.

UPS shares were largely unmoved on Tuesday, closing 0.22 percent higher.

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Minnesota Representative Ilhan Omar attacked during town hall meeting | Politics News

BREAKING,

Omar was sprayed with an unknown substance during the attack by a man, who was then tackled to the ground.

Minnesota Representative Ilhan Omar has been attacked by a man while hosting a town hall meeting in Minneapolis.

Omar was sprayed with an unknown substance by the man before he was tackled to the ground on Tuesday.

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The Reuters news agency said that Omar was not injured in the attack, and authorities have not said what substance was sprayed or whether charges have been filed against the assailant.

The audience cheered as the man was pinned down and his arms were tied behind his back. In a video clip of the incident, someone in the crowd can be heard saying, “Oh my god, he sprayed something on her”, the Associated Press news agency reported.

Omar continued the town hall after the man was ushered out of the room.

Just before the attack, she had called for the abolishment of the US Immigration and Customs Enforcement (ICE) agency and for Department of Homeland Security Secretary Kristi Noem to resign.

“ICE cannot be reformed,” Omar said.

US Representative Ilhan Omar (D-MN) (R) reacts after being sprayed with an unknown substance by a man as she hosted a town hall in Minneapolis, Minnesota, on January 27, 2026. (Photo by Octavio JONES / AFP)
Ilhan Omar, right, reacts after being sprayed with an unknown substance by a man as she hosted a town hall in Minneapolis, Minnesota, on January 27, 2026 [Octavio Jones/AFP]

Minneapolis police did not immediately respond to requests for comment on the incident and whether anyone was arrested.

The White House did not immediately respond to a message from the AP seeking comment.

This is a breaking news story. More to follow soon…

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Mexico vows ‘solidarity’ with Cuba after oil shipment cancellation reports | Oil and Gas News

The president says Mexico’s decision ‘to sell or give oil to Cuba for humanitarian reasons’ was a ‘sovereign’ one.

Mexican President Claudia Sheinbaum says her country will continue to show “solidarity” with Cuba after media reports that her government halted a shipment of oil to Havana.

Mexico has in recent years become a top supplier of oil to Cuba, which relies on cut-price oil supplies from its allies to survive a US trade embargo and keep the lights on through a severe energy crisis.

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Venezuela had been a major supplier of discounted crude to Cuba, but US President Donald Trump said he would halt the shipments after the United States military abducted long-term Venezuelan President Nicolas Maduro this month.

As recently as December, Mexico was still sending oil to Cuba, but several media outlets, including Bloomberg and the Mexican newspaper Reforma, have reported that a shipment planned in January was called off.

Sheinbaum refused to confirm or deny the reports on Tuesday. She told reporters during her regular morning news conference that Mexico’s decision “to sell or give oil to Cuba for humanitarian reasons” was a “sovereign decision”.

“It is determined by [Mexican state oil company] Pemex based on the contracts, or, in any case, by the government, as a humanitarian decision to send it under certain circumstances,” Sheinbaum said.

When asked if Mexico would be resuming oil shipments to Cuba, the president sidestepped the question and said, “In any case, it will be reported”. She also said Mexico would “continue to show solidarity” with Cuba.

The Reuters news agency last week reported that the Mexican government was reviewing whether to keep sending oil to Cuba amid growing concerns within Sheinbaum’s government that continuing the shipments could put the country at odds with the US.

Trump on Tuesday told reporters that “Cuba will be failing very soon”, adding that Venezuela has ‌not ‌recently sent ⁠oil or money ‌to Cuba.

According to shipping data and internal documents from state company PDVSA, Venezuela has not sent crude or fuel to Cuba for about a month.

Last year, Mexico sent approximately 5,000 barrels per day to Cuba. With Venezuela’s shipments now offline, Mexico’s supplies are critical.

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Trump’s JPMorgan Chase lawsuit revives debanking concerns in US | Banks News

United States President Donald Trump’s $5bn lawsuit against JPMorgan Chase resurfaces his accusations of debanking – the act of removing a person or organisation’s access to financial services.

The complaint, filed in a Florida court on Thursday, alleges that the bank singled him out for political reasons and closed several of his accounts following the attack on the US Capitol on January 6, 2021, which was perpetrated by his supporters.

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“JPMC does not close accounts for political or religious reasons. We do close accounts because they create legal or regulatory risk for the company. We regret having to do so, but often rules and regulatory expectations lead us to do so,” the bank said in a statement.

While the lawsuit was filed in his personal capacity, the concept of debanking has long been in the crosshairs of the Trump White House.

Late last year, the White House launched a high-profile effort targeting the nation’s largest financial institutions, accusing them of closing accounts based on political bias. Within days, Trump signed an executive order restricting banks from denying accounts on those grounds.

Trump has long framed “debanking” as a systemic effort targeting conservatives. But evidence for this claim is limited.

A Reuters news agency review of more than 8,000 complaints to the Consumer Financial Protection Bureau (CFPB) found only 35 related to political or religious reasons, let alone targeting Christians or conservatives specifically.

The push by banks centres on the use of “reputational risk” as a standard that allows them to weigh the social or political fallout of doing business with a client.

Critics say this practice makes banks arbiters of morality – freezing, withholding, or closing accounts based not on financial considerations but on social and geopolitical concerns. This approach has pulled financial institutions into the middle of cultural and geopolitical debates.

While often cast as a partisan issue, data show that Trump’s core base, evangelical Christians, are not the ones typically targeted by debanking efforts.

A report from the Institute for Social Policy and Understanding (ISPU), a research organisation that looks at the experience of the US Muslim community, found that 27 percent of Muslim Americans and 14 percent of Jewish Americans have faced trouble banking, compared with negligible rates among Christian denominations, especially with Trump’s core base, evangelicals, at 8 percent.

Overall, 93 percent of Muslim Americans reported experiencing trouble with banking access. In one situation involving Citibank, the New York Chapter of the Council on American Islamic Relations (CAIR) accused the financial institution of not opening the account of a Muslim woman because of her husband, whom she wanted to nominate as a beneficiary and who is a Palestinian Muslim. CAIR did not release the name of the woman at the centre of the complaint.

“It [debanking] is a huge barrier for actually Muslims fulfilling philanthropic goals,” Erum Ikramullah, a senior research project manager at the ISPU, told Al Jazeera.

“It’s a huge barrier for the actual Muslim-based, Muslim-led organisations who are managing relief both domestically and overseas.”

Between October 2023 and May 2024, at least 30 US nonprofits providing humanitarian aid to Gaza have had accounts closed.

“Muslim Americans and Armenian Americans have faced de-banking on account of their last names,” Senator Elizabeth Warren, the Democrat from Massachusetts who founded the CFPB in 2013, said in a Senate Banking Committee hearing last year.

But Trump continues to allege that groups like Christians and conservatives are the ones discriminated against.

Among them include the National Committee for Religious Freedom, led by former Republican Senator and Kansas Governor Sam Brownback. Brownback alleges that Chase closed his account on religious grounds, a claim the bank denies.

Regardless, the push to take on the problem of debanking is a rare spot of bipartisanship in Washington, with Trump and Warren both agreeing that banks should change their ways.

Industry turmoil

A US banking regulator said last month that the nine largest US banks put restrictions on industries that it deems risky, but this has been a long-term issue for several industries.

Operation Choke Point, under the administration of former Democratic President Barack Obama, targeted exploitative industries like payday lenders and arms dealers. The initiative pushed banks to consider entire categories of businesses – and the individuals who worked in them – as reputationally risky, even when that view lagged cultural sentiment.

In response, Frank Keating, the then-CEO of the American Banking Association, slammed the move in an op-ed in The Wall Street Journal, saying that the “Justice Department [is] telling bankers to behave like policemen and judges”.

Ultimately, that scrutiny affected people working in several industries over the last decade, most particularly in adult entertainment, cannabis, and cryptocurrency.

Within months of the new guidance from the Obama administration, hundreds of adult performers lost access to banking services from Chase Bank. The ability to keep a bank account persisted for adult performers. In 2022, adult performer Alana Evans penned an op-ed for The Daily Beast describing how Wells Fargo closed her account.

The Free Speech Coalition, an adult industry trade group, found that 63 percent of adult workers have lost access to a bank account because of their work in the legal industry, and nearly 50 percent have been rejected for a loan because of the nature of the profession.

“I think that when I talk to a lot of people about this issue, or when I’ve talked to even legislators about this, they really can’t believe it, because it’s never been anything that they’ve encountered personally. The idea that a bank could shut off your account because they disagreed with the type of work you do is sort of inconceivable to most people,” Mike Stabile, the director of public policy for the Free Speech Coalition, told Al Jazeera.

The cannabis business has faced similar problems. Over the last decade, both laws and public sentiment around marijuana use have drastically changed. Now, more people use marijuana daily than drink alcohol, and recreational use is legal in 24 states as well as Washington, DC.

Yet, legitimate businesses that cater to this growing market share and those who work for them have been subject to debanking.

Kyle Sherman, the CEO and founder of Flowhub, a cannabis payment processing company, testified in front of the Senate Banking Committee last year that his employees are routinely discriminated against in consumer banking. He alleged that one of his employees was denied a mortgage because of what he does for a living, as well as others who have had their personal accounts closed.

While state laws have shifted on marijuana’s stance, federal laws have not kept up, making it harder for banks to navigate the reputational risk.

Trump recently eased pressure on the marijuana industry by reclassifying the substance as Schedule III, which means it is less harmful, but it does not change the legality of sale and interstate commerce on the federal level.

“In some of the states that have recently gone legal with recreational and medical cannabis, the individual entrepreneurs [there] were previously considered outlaws. It is hard for a banker to get over the perception that yesterday, you were an illegal activity, and today, you’re a legal activity,” said Terry Mendez, the CEO of Safe Harbor Financial, a financial services company for the cannabis industry.

There has been a bigger about-face with regard to the cryptocurrency industry. At first, crypto was seen as a safe haven for illicit transactions because the underlying technology allowed for anonymous transfers, making it difficult for banks to determine which transactions were legitimate and legal and which ones were not.

As the industry began to move into the mainstream, the challenges were amplified. Exchanges and startups faced debanking or sudden account closures, and even major platforms like Coinbase struggled to maintain reliable banking partners.

“Historically, banks were kind of more naturally averse to crypto companies, going back to like 2018, to 2020, 2021. Crypto companies would often, when registering for accounts with banks, say that they were software development companies to try and avoid the mention of crypto because of fear of not being able to open a bank account, which, of course, then means it’s harder to make a payroll. It’s hard to take in funds from investors; you can’t pay vendors,” Sid Powell, the CEO of the asset management firm Maple Finance, told Al Jazeera.

That was not helped by the collapse of FTX, the notorious cryptocurrency exchange, pushing banks to pull back from working with the crypto industry.

Sentiment is shifting now. Under Trump, who has embraced crypto, financial regulators last year withdrew guidance that suggested that banks should be careful when working with the crypto industry. Powell says the executive order could help crypto avoid debanking in the future.

“It [the executive order] kind of signals to the FDIC and the OCC that they should act in a more balanced way when it comes to crypto companies and crypto startups, instead of taking a more hostile approach, or the approach of kind of lumping everyone in with the worst of the industry, which tended to happen post-FTX,” Powell added.

Powell was referring to the The Federal Deposit Insurance Corporation, an independent agency created by Congress to maintain stability in the nation’s financial system, and The Office of the Comptroller of the Currency, an independent bureau of the US Department of the Treasury, which charters, regulates, and supervises all national banks, federal savings associations, and federal branches and agencies of foreign banks.

Trump’s personal gripes

Trump has also accused banks of not doing business with him, the primary driver of his interest in the debanking issue.

Banks can generally refuse to create accounts for potential customers who could be deemed as high risk.

“The president’s companies have filed [for] bankruptcy repeatedly. There have been years of reporting about financial institutions’ concerns with suspicious financial activity, and the president was found civilly liable for inflating the value of his assets that served as collateral for loans from financial institutions,” Graham Steele, an academic fellow at the Rock Center for Corporate Governance at Stanford University, told Al Jazeera.

Reuters reported last year that banks gauged Trump as a financial risk due to his plethora of legal challenges after his first term, including the suit brought by E Jean Caroll, which found Trump liable for sexual abuse. He has declared bankruptcy six times.

He also defaulted on loans totalling hundreds of millions of dollars several times, including a loan to Deutsche Bank. In 2024, a New York court ruled that the president fraudulently inflated his financial worth by more than $2bn.

“Notwithstanding the fact that the president is an inherently political figure, a financial institution could reasonably rely on any of these concerns, grounded in financial and legal risks, not ‘political’ beliefs, as a basis for declining to do business with a customer,” Steele said.

That did not stop the president from pointing fingers at banking giants, including Bank of America CEO Brian Moynihan.

“I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank, and that includes a place called Bank of America,” Trump told the executive during a Q&A session at the World Economic Forum in Davos, Switzerland, last year.

The Trump family also sued Capital One last March. The lawsuit alleged that it debanked The Trump Organisation after Trump incited an insurrection at the US Capitol on January 6, 2021, after spreading misinformation alleging that he won the 2020 presidential election even though he had lost by a significant margin.

Trump debanks ‘liberal’ causes

Trump’s rhetoric on debanking is among his latest attempts to punish entities for political bias, while actively pushing actions that punish those who have viewpoints that oppose his own.

Trump has argued that debanking disproportionately targets conservatives and conservative-leaning businesses like firearms manufacturers. His pressure has moved the needle at Citibank. In June, it lifted its ban on banking services to gun sellers and manufacturers, a policy it put in place in 2018 after the shooting in Marjory Stoneman Douglas High School in Parkland, Florida, that left 17 people dead.

In March, his administration announced it would shut down a set of climate grants under the Greenhouse Gas Reduction Fund – known as the “green bank” – a $20bn programme created through the bipartisan Inflation Reduction Act signed by his predecessor, President Joe Biden, in 2022 to channel financing for climate projects into underinvested regions.

Environment and Protection Agency (EPA) administrator Lee Zeldin justified the decision by citing “misconduct, conflicts of interest, and potential fraud”, allegations he offered without evidence, and forced Citibank, which was holding the fund’s money for nonprofit distribution, to return the funds to the EPA.

The decision faced legal hurdles. But earlier this month, a US court of appeals allowed the Trump administration to continue axing the programme. The 2-1 ruling was decided by two judges appointed by Trump.

Last year, the White House also pressured companies seeking federal contracts to abandon diversity, equity and inclusion (DEI) programmes, which it has long portrayed, without evidence, as undermining merit-based hiring.

Citigroup, historically one of the most vocal supporters of DEI in the financial services sector, scrapped its programme. Citibank holds multiple federal contracts with agencies including the Department of Defense and the Consumer Financial Protection Bureau.

Bank of America and Wells Fargo followed suit in February, scaling back their initiatives as well, as did many other companies.

As part of the Trump administration’s immigration crackdowns, the White House has also pressured banks to cut financial services to immigrants. The administration is doing so by trying to cancel the social security numbers of migrants who have legal status in the US, which would essentially cut them off from access to basic financial services, including bank accounts and credit cards, The New York Times reported.

At the time, Leland Dudek, then the Social Security Administration’s acting commissioner and a Trump administration appointee, said the move to cut access would end their “financial lives”.

“There’s a real telling disconnect. They are saying, on the one hand, we wanna put a thumb on the scale and ensure that conservative groups are included in the financial system, while actively working to push out liberal coded groups by either freezing them out of the bank accounts when they get government grants, or trying to investigate and potentially bring criminal charges against the payment platform that serves liberal groups,” Steele said.

Steele questioned if taking on political bias would actually help communities that do not align with the Trump administration’s stated values and conservative viewpoints.

“I think one of the other concerns here is that a lot of this depends on how the executive order is going to be enforced,” Steele said.

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Gauff blasts broadcasters over privacy after Australian Open racket smash | Tennis News

Coco Gauff, who lost to Elina Svitolina in the quarterfinals of the Australian Open, was filmed smashing her racket.

Coco Gauff looked for a place without cameras to channel her frustration after a straight-sets loss to Elina Svitolina in the Australian Open quarterfinals, but was unhappy to find out that a video of her smashing her tennis racket ⁠on the floor was broadcast to viewers worldwide.

Twice Grand Slam winner Gauff was visibly upset ​with her performance on Tuesday, as she committed 26 unforced errors and ‍lost the match 6-1 6-2 in 59 minutes.

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The American third seed went behind a wall near the match call area inside the venue, where a camera caught her hitting the racket repeatedly against the floor.

“I ‍tried to go ⁠somewhere where there were no cameras,” the 21-year-old told reporters.

“I kind of have a thing with the broadcast. I feel like certain moments – the same thing happened to Aryna [Sabalenka] after I played her in the final of the US Open – I feel like they don’t need to broadcast.”

World number one Sabalenka, who will take on Svitolina in the semifinals, had smashed her racket in a training area after ​losing to Gauff in the 2023 US Open final, and video ‌of the incident was also made public.

“I tried to go somewhere where they wouldn’t broadcast it, but obviously they did. Maybe some conversations can be had, because I feel like at this tournament the only private ‌place we have is the locker room,” Gauff added.

“I think for me, I know myself, and I don’t want to lash out ‌on my team. They’re good people. They don’t deserve ⁠that, and I know I’m emotional,” Gauff said.

“I just took the minute to go and do that. I don’t think it’s a bad thing. Like I said, I don’t try to do it on court in front of ‌kids and things like that, but I do know I need to let out that emotion.

“Otherwise, I’m just going to be snappy with the people around me, and I don’t want ‍to do that, because like I said, they don’t deserve it. They did their best. I did mine. Just need to let the frustration out.”

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