Whats

YouTube TV customers are bracing for another frustrating weekend.

For the last week, YouTube TV’s 10 million subscribers have been denied access to ESPN, ABC and other Walt Disney Co. channels in a dispute that has swelled into one of the largest TV blackouts in a decade. Instead of turning on “College GameDay,” “Monday Night Football” or “Dancing With the Stars,” customers have been greeted with a grim message: “Disney channels are unavailable.”

The standoff began Oct. 30 when the two behemoths hit an impasse in their negotiations over a new distribution contract covering Disney’s channels and ABC stations.

Google, which owns YouTube, has rebuffed Disney’s demands for fee increases for ESPN, ABC and other channels. The Burbank entertainment giant has been seeking a revenue boost to support its content production and streaming ambitions, and help pay for ESPN’s gargantuan sports rights deals.

Talks are ongoing, but the two sides remain apart on major issues — prolonging the stalemate.

“Everyone is kind of sick of these big-time companies trying to get the best of one another,” said Nick Newton, 30, who lives near San Francisco and subscribes to YouTube TV. “The people who are suffering are the middle-class and lower-class people that just love sports … because it’s our escape from the real world.”

Both companies declined to comment for this article.

The skirmish is just the latest between YouTube and programming companies. Since August, Rupert Murdoch’s Fox Corp., Comcast’s NBCUniversal and Spanish-language broadcaster TelevisaUnivision have all complained that YouTube TV was trying to use its market muscle to squeeze them for concessions.

Here’s a look at what’s driving the escalating tensions:

Google’s growing clout in television

The struggle between Disney and YouTube reflects television’s fast-shifting dynamics.

Disney has long entered carriage negotiations with tremendous leverage, in large part because it owns ESPN, which is a must-have channel for legions of sports fans.

Programmers, including Disney, structured their distribution contracts to expire near a pivotal programming event, such as a new season of NFL football. The timing motivated both sides to quickly reach a deal rather than risk alienating customers.

But for Google’s parent, Alphabet, YouTube TV is just a sliver of their business. The tech company generated $350 billion in revenue last year, the vast majority coming from Google search and advertising. That gives YouTube a longer leash to hold out for contract terms it finds acceptable.

“This dispute is not that painful for Google,” said analyst Richard Greenfield of LightShed Partners, noting that YouTube TV could probably withstand “two weekends without college football, and two weeks without ‘Monday Night Football’ — as long as their consumers stay with them.”

Disney, however, depends on TV advertising and pay-TV distribution fees. The week-long blackout has already dampened TV ratings, which means less revenue for the company.

Consumers like YouTube TV

For decades, throngs of consumers loathed their cable company — a sentiment that Disney and other programmers were able to use in their favor in past battles. Customer defections prompted several pay-TV companies to find a compromise to restore the darkened TV channels and stanch the subscriber bleeding.

But YouTube is banking on a more loyal user base, including millions of customers who switched to the service from higher-priced legacy providers.

“I’ll stick this thing out with YouTube TV,” Newton said, adding that he hoped the dispute didn’t drag on for weeks.

“This is one of the problems facing Disney,” Greenfield said. “It’s been a noticeable change in tone from past carriage fee battles. If customer losses stay at a minimum, then Disney is going to be in a tough place.”

It boils down to power and money

YouTube TV is the fastest-growing television service in the U.S. Analysts expect that, within a couple of years, YouTube TV will have more pay-TV customers than industry leaders Spectrum and Comcast.

In the current negotiations, Google has asked Disney to agree to lower its rates when YouTube TV surpasses Comcast’s and Spectrum’s subscriber counts. Disney maintains that YouTube already pays preferred rates, in recognition of its competitive standing, and that Google is trying to drive down the value of Disney’s networks.

“YouTube TV and its owner, Google … want to use their power and extraordinary resources to eliminate competition and devalue the very content that helped them build their service,” top Disney executives wrote last Friday in an email to their staff.

People close to YouTube TV reject the characterization, saying the service has been a valuable partner by providing a strong service that brings Disney billions of dollars a year in distribution revenue.

“The bottom line is that our channels are extremely valuable, and we can only continue to program them with the sports and entertainment viewers love most if we stand our ground,” the Disney executives wrote in last week’s email. “We are asking nothing more of YouTube TV than what we have gotten from every other distributor — fair rates for our channels.”

Higher sports rights fees

A major reason Disney is asking for higher fees is because it’s grappling with a huge escalation in sports costs.

Disney is on the hook to pay $2.6 billion a year to the NBA, another $2.7 billion annually to the NFL, and $325 million a year for the rights to stream World Wrestling Entertainment. Such sports rights contracts have nearly doubled in the last decade, leading to the strain on TV broadcasters.

In addition, deep-pocketed streaming services, including Amazon, Apple and Netflix, have jumped into sports broadcasting, driving up the cost for the legacy broadcasters.

The crowded field also strains the wallets of sports fans, and appears to be adding to the fatigue over the YouTube TV-Disney fight.

Newton wrote in a recent Twitter post that he was spending $400 a month for his various internet, phone and TV services, including Disney+ and NFL Sunday Ticket, which is distributed by YouTube TV.

“I’m already on all the major subscriptions to watch football these days,” Newton, a third-generation San Francisco 49ers fan, said. “You need Netflix. You need Peacock, you need Amazon Prime and the list goes on and on. I’m at the point where I’m not paying for anything else.”

On Tuesday, voters in the largest city of the United States, New York, will choose a new mayor in a race that has stirred debate across the country and drawn global interest.

Zohran Mamdani, a 34-year-old state assembly democratic socialist who surprised many with his June win in the Democratic Party’s primary, is facing former Governor Andrew Cuomo, now running as an independent after losing the Democratic nomination. Republican Curtis Sliwa is among the other candidates in the race.

Here is what we know:

What’s happening on Tuesday?

Voters on both coasts of the US will cast ballots in a series of elections: gubernatorial contests in New Jersey and Virginia, the New York City mayoral race, and a vote in California on a redistricting measure.

But of these electoral battles, it is the New York mayoral vote that has grabbed the most attention .

Who are the candidates in NYC?

The three leading candidates are Zohran Mamdani, Andrew Cuomo, and Curtis Sliwa.

Zohran Mamdani

The Democratic nominee is running on a platform focused on affordability, calling for rent freezes, universal childcare, cheaper public transport, and a raise in the hourly minimum wage to $30. An immigrant, Muslim, and democratic socialist, his popularity has surged during the campaign, with nearly 370,000 early ballots already cast, and appealing strongly to young voters.

Mamdani, whose parents have Indian roots, was born in Uganda. If elected, he will be the city’s first Muslim mayor, the first to be born in Africa, and the first of South Asian descent.

Andrew Cuomo

Cuomo served as New York state’s governor from 2011 to 2021 and resigned after a state inquiry confirmed sexual harassment allegations by 13 women. He lost the Democratic primary to Mamdani (56 percent to 44 percent), but stayed in the race as an independent.

Curtis Sliwa

At 71, Sliwa has resisted pressure to withdraw from the race amid concerns he could split the anti-Mamdani vote. Known for his trademark red beret, he rose to prominence as the leader of the Guardian Angels, a volunteer crime-fighting group that became famous for its patrols of the New York subway system.

Who is leading in the polls?

The latest RealClearPolitics average shows Democratic nominee Mamdani leading the mayoral race with 46.1 percent , giving him a 14.3-point edge over Cuomo (31.8 percent ) and a 29.8-point lead over Sliwa (16.3 percent ).

US President Donald Trump and businessman Elon Musk backed Cuomo late on Monday. Whether that high-profile, last-minute support will shift voter sentiment remains uncertain.

What time do polls open and close in New York?

Polling stations across the city will open on November 4 at 6am local time (11:00 GMT) and voting will continue till 9pm (02:00 GMT on November 5).

Early voting took place from October 25 to November 2.

When will we know results?

In New York, mayoral races are usually called quickly.

This time, however, with two candidates vying for the support of the city’s mostly Democratic voters, it may take longer to determine the outcome.

The 2021 mayoral race ended quickly – Democrat Eric Adams was declared the winner soon after the polls closed.

What are the main issues and what’s at stake?

Being the US’s most diverse city, known around the world for its business and culture, makes picking a new mayor an especially important occasion.

New York’s election campaigns have mirrored the bigger national debates in the US, over identity, religion, political beliefs, and the country’s future.

Some of the key issues include:

Cost of living: The city is facing one of its tightest housing markets in decades. In 2023 the city had a vacancy rate of 1.41 percent , which means that only 14 out of every 1,000 housing units were unoccupied; 9.2 percent of all rental housing was described by city authorities as “overcrowded”. The number of new housing permits issued fell in 2024 compared with 2023.

This has made housing cost and availability a dominant issue. After a slate of California cities, New York is the costliest urban hub in the US to live in.

“Most of us are working multiple jobs, can’t make rent or rents are going up,” Tom Grabher, a city voter, told Al Jazeera.

Law and order: Serious crimes in the city, including murder, have gone down from their 17-year high in 2023. However, lower-level offences, such as shoplifting, remain higher than before the COVID-19 pandemic, adding to public worries about safety and disorder.

Migration: The city has long been a magnet for people from around the world, from its historic role as a gateway for immigrants to the recent influx of asylum seekers that critics say has placed new strains on the city’s resources.

Israel and Gaza: The ongoing Israel-Gaza conflict and the city’s large Jewish and Muslim populations have made foreign policy a key issue in this race.

What has Trump said about the race?

A former New Yorker, Trump has loomed over the mayoral race for months, threatening to arrest Mamdani, deport him, and take control of the city if he wins.

On Monday, Trump urged the city’s voters on his Truth Social platform to back Cuomo, saying they had “no choice” but to vote for the former governor.

When the federal government shut down in October, Trump put on hold roughly $18bn in federal funds, although $187m from New York’s security funding has since been restored. Trump has threatened to withhold more federal aid for the city if Mamdani wins.

What other elections are taking place?

Virginia governor

All eyes are on Virginia, a state next to Washington, DC, that has been directly affected by Trump’s spending cuts and the recent government shutdown.

Democrat Abigail Spanberger is facing off against Republican Lieutenant-Governor Winsome Earle-Sears.

New Jersey governor

In New Jersey, the governor’s race has centred on concerns about affordability. Although Democrats hold a voter advantage, Republicans are optimistic that Trump’s rising popularity in the state could lead to a surprise win. Democratic Congresswoman Mikie Sherrill is up against Republican Jack Ciattarelli , a former state assemblyman.

California

In California, a proposed ballot measure would redraw congressional districts in a way that could benefit Democrats in the 2026 midterm elections. Governor Gavin Newsom and state lawmakers say they introduced the plan in response to Trump’s earlier push for Texas to reshape its districts to give Republicans an advantage in five seats currently held by Democrats. If approved, the measure would effectively eliminate five Republican-held districts in California.

WASHINGTON — One year after Trump retook the White House and set into motion a dramatic expansion of executive power, the Republican president figures prominently in state and local elections being held Tuesday.

The results of those contests — the first general election of Trump’s second term — will be heralded by the victors as either a major repudiation or resounding stamp of approval of his second-term agenda. That’s especially true in high-profile races for Virginia and New Jersey governor, New York City mayor and a California proposition to redraw its congressional district boundaries.

More than half of the states will hold contests on Tuesday. Here’s a look at some of the major statewide and local races on the ballot:

Governors: New Jersey and Virginia

In New Jersey, Democrat Mikie Sherrill and Republican Jack Ciattarelli are the nominees to succeed term-limited Democratic Gov. Phil Murphy. Sherrill is a four-term U.S. representative and former Navy helicopter pilot. Ciattarelli is a former state Assemblyman backed by Trump. In 2021, Ciattarelli came within about 3 percentage points of toppling Murphy.

In Virginia, Republican Lt. Gov. Winsome Earle-Sears and Democratic former U.S. Rep. Abigail Spanberger look to replace term-limited Republican Gov. Glenn Youngkin. While Spanberger has made some efforts to focus on topics other than Trump in stump speeches, the president remained a major topic of conversation throughout the campaign, from comments Earle-Sears made about him in 2022 to some of his more polarizing policies, such as the so-called One Big Beautiful Bill tax and spending cut measure and the widespread dismissal of federal workers, many of whom live in northern Virginia.

Trump was scheduled to participate in telephone rallies for the candidates on Monday night.

As the only gubernatorial races held in the year following a presidential election, the contests have long served as the first major test of voter sentiment toward the party holding the White House. In every race for governor since 1973, one or both states have elected a governor from a party different than that of the sitting president.

New York City Mayor

The race to lead the nation’s largest city features Democratic state legislator Zohran Mamdani, independent candidate and former Democratic Gov. Andrew Cuomo and Republican Curtis Sliwa.

Mamdani’s comfortable victory over Cuomo in the June primary generated excitement from the party’s more progressive wing and apprehension among the party establishment. Party leaders like Gov. Kathy Hochul and U.S. House Democratic leader Hakeem Jeffries eventually endorsed the self-described democratic socialist months after he won the nomination.

The winner will replace outgoing Mayor Eric Adams, who initially sought renomination as a Democrat. After losing the primary Adams opted to run as an independent, but dropped out of the race in September and eventually endorsed Cuomo. In February, the Trump Justice Department asked a court to drop corruption charges against Adams because the case impeded Trump’s “ immigration objectives.” Trump later said he’d like to see both Adams and Sliwa drop out of the race in an effort to defeat Mamdani.

California Proposition 50

California voters will decide a statewide ballot measure that would enact a new congressional map that could flip as many as five Republican-held U.S. House seats to Democratic control.

Proposition 50, championed by Democratic Gov. Gavin Newsom, is in response to a new Texas map that state Republicans enacted in August as part of Trump’s efforts to keep the U.S. House under Republican control in the 2026 midterms. The Texas plan, which could help Republicans flip five Democratic-held U.S. House seats, has sparked an escalating gerrymandering arms race among states to pass new maps outside of the regular once-a-decade schedule.

Pennsylvania Supreme Court

Control of the Pennsylvania Supreme Court will be at stake when voters cast Yes or No votes on whether to retain three justices from the high court’s 5-2 Democratic majority.

Partisan control of the court could have major implications for the 2028 presidential race, since justices might be asked to rule on election disputes, as they did in 2020. Spending on Tuesday’s contests is on track to exceed $15 million as Republicans have campaigned to end the majority and Democrats have responded.

If all three justices are ousted, a deadlock in the confirmation process to replace them could result in a court tied at 2-2. An election to fill any vacant seats for full 10-year terms would be held in 2027.

Other notable contests

VIRGINIA ATTORNEY GENERAL: Republican incumbent Jason Miyares seeks a second term against Democrat Jay Jones. Much of the fall campaign has focused on text messages suggesting violence against political rivals that Jones sent in 2022.

TEXAS-18: Sixteen candidates hope to fill a vacant congressional seat previously held by the late Democratic U.S. Rep. Sylvester Turner.

STATE LEGISLATURES: Control of the Minnesota Senate and Virginia House of Delegates is at stake, while New Jersey Democrats defend their 52-28 General Assembly majority.

BALLOT MEASURES: Maine voters will decide statewide questions on voting and a “red flag” law aimed at preventing gun violence. Texas’ 17 ballot measures include constitutional amendments on parental rights and limiting voting to U.S. citizens. Colorado and Washington also have statewide measures on the ballot.

MAYORS: Detroit, Pittsburgh, Jersey City and Buffalo will elect new mayors, while incumbents in Atlanta, Minneapolis and Cincinnati seek another term.

Yoon writes for the Associated Press.

Tanzania’s incumbent president, Samia Suluhu Hassan, has been re-elected with 98 percent of the vote in an election denounced by the opposition as a sham.

The government has denied that hundreds of people have been killed in a police crackdown.

So, what’s behind this crisis, and what’s next?

Presenter: Adrian Finighan

Guests: 

Tito Magoti – independent human rights lawyer and activist

Nicodemus Minde – researcher with the East Africa Peace and Security Governance Program at the Institute for Security Studies in Nairobi

Fergus Kell – research fellow with the Africa Programme at London’s Chatham House

BBC Breakfast returned once again on Saturday 1 November

BBC Breakfast host Naga Munchetty quipped ‘what’s going on this weekend’ during Saturday’s show.

During the latest instalment, Naga, 50, and co-host Charlie Stayt reported on the world’s largest cake decorating show in Birmingham called Cake International.

Naga and Charlie, 63, were shown a series of creations from the event, which included a Jim Carrey inspired cake, a troll cake and some Halloween inspired creations.

However, Naga didn’t find the Halloween creations too appetising as she admitted: “I don’t want to eat that character’s teeth!”

To which Charlie responded: “It would be so wrong to slice into something created… they’re basically works of art, aren’t they? I do not know how they make those cakes like that!”

Naga then asked Charlie of the Halloween cake creation: “Would you eat the teeth or the eyeballs of that cake?”

To which Charlie admitted: “I think I’d choose to just leave it there and not touch it. I’d make a separate cake for eating and just have that one to look at.”

Yet weather presenter Louise Lear was quick to join in as she admitted over the creation: “I’d eat anything at the moment, I’m starving!”

To which a horrified Naga asked: “Would you eat the teeth on that one?” with Louise joking: “I haven’t had breakfast, anything, Naga, particularly if the icing is good!

“I mean, I’m one of those people. I’m a bit of a grazer, so I might just kind of, you know, have a little bit and then keep going back to it, yeah.

“But I’d have gone for the troll’s head straight away. Chopped it off. What does that say about me?”

To which an animated Naga joked: “Even more brutal. There’s no messing with you two. What’s going on this weekend?”

Cake International is the biggest cake decorating and baking event in the world.

It runs for three full days at National Exhibition Centre (NEC) in Birmingham. It opened on Friday the 31st of October and ends on Sunday the 2nd of November.

BBC Breakfast continues every day at 6am on both BBC One and BBC iPlayer.

There has been tension and, at times, the atmosphere has been cold between Vinicius and Alonso.

The incident that defined the current mood came in the final training session before the Club World Cup semi-final against PSG. Vini, who had started every match until then, was told he would be a substitute. He did not take it well and Alonso stood firm, determined to show that no player, however talented, is beyond instruction.

That dynamic has continued.

The manager has insisted Vinicius will not finish every game, that he needs to rest more, and Rodrygo will challenge him for a place on the left side of the attack. Alonso’s stance is rooted in authority and planning. Vini Jr, used to being indulged, has found it hard to adapt.

The coach’s approach is consistent with the way he was as a player: methodical, controlled and, on top of that, he has the personality to be unafraid of confrontation. He wants every member of the squad to understand who sets the tone. For him, managing Real Madrid means creating order, not deferring to star power.

Vinicius, meanwhile, feels treated like any other player when he expected a closer, more personal relationship. The warmth he shared with Ancelotti is missing, replaced by professional distance.

United States President Donald Trump expects “a lot of problems” will be solved between Washington and Beijing when he meets China’s President Xi Jinping in South Korea for a high-stakes meeting on Thursday, amid growing trade tensions between the two.

Relations between the two world powers have been strained in recent years, with Washington and Beijing imposing tit-for-tat trade tariffs topping 100 percent against each other this year, the US restricting its exports of semiconductors vital for artificial intelligence (AI) development and Beijing restricting exports of critical rare-earth metals which are vital for the defence industry and also the development of AI, among other issues.

Officials from Washington and Beijing have been locked in trade talks since August to de-escalate trade tensions, and they also came up with a framework for a trade deal during meetings in Malaysia over the weekend.

On the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, on Wednesday, Trump said an expected trade deal between China and the US would be good for both countries and “something very exciting for everybody”.

But only a meeting between Trump and Xi can confirm if a trade deal is really in the making.

Expectations for the agreement are modest, with analysts expecting the two world powers to continue to clash over their myriad differences long-term.

When are the two leaders meeting?

Trump is scheduled to meet Xi on Thursday in the port city of Busan in southeastern South Korea. The meeting is expected to start at 11am local time (01:00 GMT).

It will be the first time the leaders have met in person since Trump returned to the White House in January.

The US president last met Xi in 2019, during Trump’s first term, on the sidelines of the Group of 20 (G20) summit in Osaka, Japan.

“I think we’re going to have a great meeting with President Xi of China, and a lot of problems are going to be solved,” Trump told journalists on Wednesday on Air Force One while en route to South Korea.

On Wednesday, China’s Ministry of Foreign Affairs confirmed the meeting between Xi and Trump in a statement and said the leaders “will exchange views on bilateral relations and issues of mutual interest”.

What will Trump and Xi talk about?

Discussions are likely to cover:

• Trade tariffs
• Trafficking of fentanyl, a drug responsible for tens of thousands of deaths in the US each year
• China’s export controls on critical rare-earth metals and its purchase of US soya beans
• US export controls on semiconductors
• Geopolitical and security issues, particularly Russia’s war in Ukraine and Washington’s position on Taiwan
• Port fees on Chinese ships docking in US ports
• Finalising a deal to buy TikTok, the social media platform, from its Chinese owners

Alejandro Reyes, adjunct professor at the Department of Politics and Public Administration at the University of Hong Kong, told Al Jazeera that at this meeting, both sides will want to steady an uneasy rivalry – but for different reasons.

“For Washington, the goal is to show that its tough line on China has delivered results. The Trump team is walking into this summit after signing trade pacts with Malaysia, Cambodia and Japan that link market access directly to national security cooperation. These deals require America’s partners to align with US export controls and supply-chain rules – essentially making ‘economic security’ a shared obligation,” he said.

“For Beijing, the priority is to project calm and endurance. The meeting comes just after the fourth plenum, which reaffirmed Chinese leader Xi Jinping’s authority and set the direction for the next five-year plan. China’s message is that it has weathered Western pressure and is back to focusing on growth and domestic stability,” he added.

But discussions on disputes over trade tariffs, critical rare-earth metals, AI technology and geopolitical strategies, the issues that most define the current relationship between the US and China, according to Reyes, are not going to be easy to resolve.

“The mistrust is structural now – it’s built into how both countries think about power and security,” he said.

What are the sticking points?

Fentanyl

A key issue for the Trump administration is stopping the illegal flow of drugs, particularly fentanyl – a powerful synthetic opiate which is 50 times more potent than heroin – from China to the US. In February, Trump slapped a 20 percent trade tariff on all imports from China, citing Beijing’s lack of effort in curbing the flow of the drug into the US.

In a media briefing note sent to Al Jazeera by the German Marshall Fund of the United States, Bonnie Glaser, managing director of GMF’s Indo-Pacific programme, said the fentanyl trade has been “a really contentious issue between the US and China”.

“From what I have heard, a criminal money-laundering cooperation supports the fentanyl trade, and this is where China is willing to cooperate, in a way where it will have minimum negative impact on their domestic situation,” she said at a briefing held in Washington, DC, on Tuesday.

Late on Tuesday, The Wall Street Journal reported that during Thursday’s meeting, “China is expected to commit to more controls on the export of so-called precursor chemicals used to make fentanyl.” The newspaper added that if this agreement is reached, Trump would reduce the tariffs imposed because of fentanyl by as much as 10 percent.

Trade tariffs

Following the fentanyl-related tariffs, in March, China imposed a 15 percent tariff on a range of US farm exports in retaliation, triggering a tit-for-tat tariff war.

In April, Trump raised tariffs on Chinese imports to 145 percent, prompting China to hit back with 125 percent tariffs of its own.

Washington and Beijing later cut tariffs to 30 percent and 10 percent, respectively, in May, and agreed to a 90-day truce in August for trade talks. The truce has been extended twice, but despite repeated talks, a trade agreement has not been reached.

Rare-earth metals and soya beans

China has restricted exports of 12 critical rare-earth metals this year, as well as of the machinery needed to refine these metals, citing security reasons. Beijing also said its restrictions were in response to US restrictions on the Chinese maritime, logistics and shipbuilding industries.

The first seven metals to be restricted were announced in April, while the remaining five were announced on October 10. These metals are crucial for the defence industry and for developing AI technology.

In October, Trump responded by threatening to impose 100 percent tariffs on China from November 1, citing Beijing’s strict export controls on critical rare earths as the reason for the tariffs.

Trump added that the US would also impose export controls on “any and all critical software”.

Reyes noted that while the US wants guaranteed access to rare earths and battery materials, it signed a new agreement with Japan and trade clauses with Malaysia this week, which aim to reduce the US dependence on China for these. “Beijing sees this as an effort to contain its influence,” he said.

Meanwhile, US Secretary of the Treasury Scott Bessent told many US media outlets this week that he expected China to defer its restrictions on rare earths and that Trump’s 100 percent tariff threat was “effectively off the table”.

Bessent added that the Chinese side would agree to increase purchases of US-grown soya beans.

Dylan Loh, associate professor in public policy and global affairs at Nanyang Technological University, said he anticipates some positive movement on solving these trade disputes but does not believe the fundamental economic tension between the US and China will be resolved at the meeting.

“The competition and mistrust go beyond simply economics,” he told Al Jazeera. “But the problems can be managed and must be managed well. It requires political capital and the ability to move beyond zero-sum thinking.”

Technology and TikTok

In September, Trump signed an executive order to transfer TikTok’s US assets to US investors, citing national security reasons. On Sunday, Bessent told US broadcaster CBS that the US and China had “reached a final deal on TikTok”, which will be finalised at the Trump-Xi meeting.

But, Reyes said, “the deal cools one dispute but doesn’t end the fight over chips, AI and digital control”.

In October, Washington blacklisted hundreds of Chinese tech firms, claiming they posed a risk to national security. The US has also restricted companies such as Nvidia from exporting advanced chips, important to manufacture key equipment used for the development of AI, to China, claiming that Beijing would use it to advance its global power.

Beijing has been irked by Washington’s restrictions and has launched antitrust investigations into Nvidia and Qualcomm, and has also increased its export controls on rare-earth elements.

Speaking to reporters on board Air Force One en route to South Korea on Wednesday, Trump said he might speak to Xi about Nvidia chips.

“I think we may be talking about that with President Xi,” Trump said.

Geopolitical Issues

According to analysts, Trump is eager to use this meeting with Xi to discuss ways to end Russia’s war in Ukraine.

Beijing, a close ally of Moscow, has said a prolonged war in Ukraine “serves no one’s interest”. But, in July, according to a report by The South China Morning Post, Chinese Foreign Minister Wang Yi told the European Union that it can’t afford to have Russia lose the war in Ukraine since the US would then turn its attention to China.

Trump has threatened to slap sanctions and tariffs on countries that buy Moscow’s crude oil in efforts to end the war. It has already imposed an additional 25 percent tariff – bringing the total to 50 percent – on India as a punishment for purchasing Russian oil.

But the US has not yet taken this step with China, which imports about 1.4 million barrels of Russian oil per day by sea.

According to a Reuters report, however, after the US sanctioned two of Moscow’s largest oil companies, Rosneft and Lukoil, in October, Chinese national oil companies like PetroChina and Sinopec have said they will refrain from importing seaborne Russian oil for the short term.

“Trump wants a ceasefire and a peace deal in Ukraine. Putin has been unwilling to play ball, and Trump, I think, intends to raise this with Xi Jinping, possibly ask him if he can reach out to Putin and encourage him to come to the negotiating table,” Glaser said.

“We know so far, Xi Jinping has been very, very cautious about getting involved. I think he will be reluctant to pressure Putin to do,” she added.

Besides Ukraine, Beijing will be eager to discuss the US position on Taiwan, according to Glaser.

“Xi Jinping will raise concerns about what Beijing views as the pro-independence policies of Taiwan’s President Lai Ching-te, and I think he will want clarification of the US stance and may well press Trump to say that the US opposes Taiwan independence and supports China’s unification,” she said.

“The bottom line is that Trump is not likely to abandon Taiwan because doing so could lead to a PRC [People’s Republic of China] decision to use force, and Trump wants to take credit for ending wars, not starting them,” Glaser added.

Trump, however, told journalists on board Air Force One on Wednesday that he was “not sure” he would discuss Taiwan.

How strong are their negotiating positions?

The balance of power in the respective negotiating positions of China and the US has shifted in the recent past.

Former US President Joe Biden restricted exports of US semiconductors, which are crucial for the development of AI, much to China’s annoyance. Then, early this year, Trump compounded this with 145 percent tariffs on Chinese goods.

China retaliated with 125 percent tariffs on US goods, escalating a trade war, until the two sides agreed in May to pause tariffs to allow for trade talks.

But that was not before China placed export restrictions on seven rare-earth metals in April. In October, China restricted exports of five more rare-earth metals, and Trump threatened 100 percent tariffs again in retaliation.

This week, seeking to diversify trade and its supply chains, China strengthened a trade deal with the Association of Southeast Asian Nations (ASEAN). But the US also drew up new trade agreements with Japan, Malaysia and Cambodia. On Wednesday, South Korea announced that it too had reached a trade agreement with the US, and was lowering tariffs on imported US goods.

According to Loh, it is unclear who has the upper hand right now between the US and China.

“While the signing of the FTA [with ASEAN] has certainly enhanced China’s position and influence and is indeed quite significant for ASEAN and China, it does not necessarily have a direct bearing on US-China itself,” Loh said.

“US retains considerable political and economic influence in this part of the world still, as evinced by Trump’s trip here,” he added.

According to Reyes, each side has different kinds of leverage.

“The United States has built a new network of allies who have literally signed on to Washington’s playbook,” he said, referring to the deal Washington signed with Malaysia, which obliges Kuala Lumpur to match US trade restrictions. Malaysia has clarified that this deal would only apply to matters of shared concern.

But Reyes said such a deal “gives Trump’s team political and legal momentum going into the China meeting”.

“China, though, has the economic stamina. It still anchors global manufacturing, dominates critical-mineral processing, and has proven that tariffs couldn’t break its model. China used the trade war to build muscles, resistance and resilience – it learned to do everything faster, cheaper and at scale,” he said.

“So the US has the ‘louder’ hand; China has the steadier one. Washington can escalate, but Beijing can outlast,” Reyes added.

So what is likely to come out of these talks?

The stakes are high with Trump announcing that he anticipates a “great” meeting. But expectations of any “great” outcome are low.

Reyes said he expects a truce in their strained ties with photo opportunities rather than any grand bargain.

“Expect both sides to announce small wins: a delay on tariffs, a joint statement on trade stability, maybe a working group on critical minerals cooperation,” he said.

“This summit won’t end the rivalry – it simply marks a new phase: the US building alliances through treaties, and China doing much the same, while consolidating power through endurance building. This meeting isn’t about ending the rivalry – it’s about learning to live with it,” he said.

Voters in Tanzania are heading to polling booths on Wednesday to vote for a new president, as well as members of parliament and councillors, in elections which are expected to continue the ruling Chama Cha Mapinduzi (CCM) – or Party of Revolution’s – 64-year-long grip on power.

Despite a bevy of candidates in the lineup, incumbent President Samia Suluhu Hassan, analysts say, is virtually unchallenged and will almost certainly win, following what rights groups say has been a heavy crackdown on popular opposition members, activists and journalists.

Key challengers Tundu Lissu of the largest opposition party, Chadema, and Luhaga Mpina of ACT-Wazalendo, have been barred from standing, thus eliminating any real threat to Hassan. Other presidential candidates on the ballot lack political backing and are unlikely to make much impact on voters, analysts say.

The East African nation is replete with rolling savannas and wildlife, making it a hotspot for safari tourism. It is also home to Africa’s tallest mountain, Mount Kilimanjaro, as well as a host of important landmarks, like the Ngorongoro Crater and the Serengeti. Precious minerals, such as the unique tanzanite – a blue gemstone – and gold, as well as agricultural exports, contribute significantly to foreign earnings.

Central Dodoma is the country’s capital, while the economic hub is coastal Dar-es-Salaam. Swahili is the lingua franca, while different local groups speak several other languages.

Here’s what to expect at the polls:

What are people voting for and how will the elections be decided?

Voters are choosing a president, parliament members and local councillors for the 29 regions in mainland Tanzania. A president and parliament members will also be elected in the autonomous island of Zanzibar.

Winners are elected by plurality or simple majority vote – the candidate with the most votes wins.

Authorities declared that Wednesday would be a public holiday to allow people to vote, while early voting began in Zanzibar on Tuesday.

How many people are voting?

More than 37 million of the 60 million population are registered to vote. To vote, you must be a citizen aged 18 or over.

Voter turnout in the last general elections in 2020 was just 50.72 percent, however, according to the International Foundation for Electoral Systems.

Who is President Samia Suluhu Hassan and why is she regarded as a shoe-in?

Formerly the country’s vice president, Hassan, 65, automatically ascended to the position of president following the death of former President John Magufuli in March 2021, to serve out the remainder of his term.

Hassan is presently one of only two African female leaders, the other being Namibia’s Netumbo Nandi-Ndaitwah. She is the sixth president and the first female leader of her country. She was previously minister of trade for Zanzibar, where she is from.

This will be Hassan’s first attempt at the ballot, and the election was supposed to be a test of how Tanzanians view her leadership so far. However, analysts say the fact that her two strongest challengers have been barred from the polls means the president is running with virtually no competition.

After taking office in 2021, Hassan immediately began reversing controversial policies implemented by Magafuli, an isolationist leader who denied that COVID-19 existed and refused to issue policies regarding quarantines or vaccines.

Under Hassan, Tanzania joined the international COVAX facility, directed by institutions like the World Health Organization, to help distribute vaccines to developing countries, especially in Africa.

Hassan also struck a reconciliatory tone with opposition leaders by lifting a six-year ban on political rallies imposed by Magufuli.

She focused on completing large-scale Magafuli-era development projects and launched new ones, especially around railway infrastructure and rural electrification. The president’s supporters, therefore, praise her record in infrastructure development, improving access to education and improving overall stability of governance in the country.

However, while many hoped Tanzania would become more democratic under her leadership, Hassan’s style of governance has become increasingly authoritarian, analysts say, and now more closely resembles that of her predecessor.

In a report ahead of the elections, Amnesty International found that Hassan’s government has intensified “repressive practices” and has targeted opposition leaders, civil society activists and groups, journalists and other dissenting voices with forced disappearances, arrests, harassment and even torture.

Tanzania’s government has consistently denied all accusations of human rights violations.

Hassan’s campaign rallies have been highly visible across the country – but hers has been nearly the only major national campaign, with smaller parties sticking to their particular regions.

Some opposition parties are now calling for a boycott of the elections altogether. Speaking to Al Jazeera, Chadema party member John Kitoka, who is currently in hiding to avoid arrest, said the elections are “completely a sham”.

How are opposition parties being dealt with?

Last week, Hassan urged Tanzanians to ignore calls to boycott the vote and warned against protests.

“The only demonstrations that will exist are those of people going to the polling stations to vote. There will be no other demonstrations. There will be no security threat,” she said.

Tanzania’s police have also warned against creating or distributing “inciting” content on social media, threatening that those caught will face prosecution. The country routinely restricts access to social media on specific occasions, such as during protests. Only select traditional media have been approved to provide coverage of the elections.

In the autonomous Zanzibar, which will also elect a president and parliament members, there is more of an atmosphere of competitive elections, observers say. Incumbent leader Hussein Mwinyi of the ruling CCM is facing off against the ACT-Wazalendo candidate Othman Masoud, who has been serving as his vice president in a coalition government.

Why have key opposition candidates been barred from standing?

Tundu Lissu, 57, is the charismatic and widely popular opposition Chadema candidate who lived in exile in Belgium for several years during the Magufuli era. His party, which calls for free elections, reduction of presidential powers, and promotion of human rights, has been barred from the vote for failing to meet a submission deadline, and Lissu is currently in custody for alleged “treasonous” remarks he made ahead of the elections.

The move followed Lissu’s comments during a Chadema rally in the southern town of Mbinga on April 3, during which he urged his supporters to boycott the elections if Hassan’s government did not institute electoral reforms before the vote. Lissu was calling on the government to change the makeup of the Independent National Election Commission, arguing that the agency should not include people appointed directly by Hassan.

Government officials claimed his statements were “inciting” and arrested Lissu on April 9.

Three days later, the electoral commission disqualified Chadema from this election – and all others until 2030 – on the grounds that the party had failed to sign a mandatory Electoral Code of Conduct due on April 12.

Local media reported that two Chadema party members attending a rally in support of Lissu on April 24 were also arrested by the Tanzanian police.

Last week, Chadema deputy chairperson John Heche, deputy chairperson of Chadema, was detained while attempting to attend Lissu’s trial at the Dar-es-Salaam High Court. He has not been seen since.

Lissu has been detained often. He survived an assassination attempt in 2017 after he was shot 16 times.

In August, the elections commission also barred opposition candidate Luhaga Mpina, 50, of the ACT-Wazalendo, the second-largest opposition party. Mpina, a parliament member who broke away from the ruling CCM in August to join ACT-Wazalendo – also known as the Alliance for Change and Transparency – was barred for allegedly failing to follow the rules for nominations during the presidential primaries.

Hassan will compete with 16 other candidates –  none of whom are from major national parties or have an established political presence.

What are the key issues for this election?

Shrinking democratic freedoms

Observers say Tanzania’s democracy, already fragile during the presidency of Magafuli, is at risk as a result of the Hassan government’s tightening of political freedoms and crackdowns on the media.

Amnesty International notes that electoral rights violations were apparent in 2020 under Magufuli, but have worsened ahead of this week’s polls.

Human Rights Watch and the United Nations human rights agency (UNHCR) have similarly documented reports of rights violations under Hassan’s government, noting in particular the disappearance of two regional activists, Boniface Mwangi from Kenya and Agather Atuhaire from Uganda, who travelled to witness Lissu’s trial but were detained in Dar-es-Salaam on May 19, 2025.

Mwangi was reportedly tortured and dumped in a coastal Kenyan town, while Atuhaire reported being sexually assaulted before also being abandoned at the border with Uganda.

“More than 200 cases of enforced disappearance have been recorded in Tanzania since 2019,” the UNHCR noted.

Business and economy

Tanzania’s economic growth has been stable with inflation staying below the Central Bank’s 5 percent target in recent years, according to the World Bank.

Unlike its neighbour, Kenya, the lower-middle-income country has avoided debt distress, with GDP boosted by high demand for its gold, tourism and agricultural commodities like cashew nuts, coffee and cotton. However, the World Bank noted that 49 percent of the population lives below the international poverty line.

While growth has attracted foreign investment, government policies have negatively impacted the business landscape: In July, Hassan’s government introduced new restrictions banning foreigners from owning and operating businesses in 15 sectors, including mobile money transfers, tour guiding, small-scale mining and on-farm crop buying.

Officials argued that too many foreigners were engaging in informal businesses that ought to benefit Tanzanians. The move played to recent protests against the rising influx of Chinese products and businesses in Tanzanian markets, analysts say. Foreigners are also banned from owning beauty salons, souvenir shops and radio and TV stations.

The move proved controversial in the regional East African Community bloc, particularly in neighbouring Kenya, whose citizens make up a significant population of business owners in the country, having taken advantage of the free-movement policy within the bloc.

Conservation challenges

While abundant wildlife and natural resources have boosted the economy via tourism, Tanzania faces major challenges in managing human-wildlife conflict.

Clashes between humans, particularly in rural areas, and wild animals are becoming more common due to population growth and climate change, which is pushing animals closer to human settlements in search of food and water.

Human-elephant flare-ups are most common. Between 2012 and 2019, more than 1,000 human-wildlife mortality cases were reported nationwide, according to data from Queen’s University, Canada.

While the government provides financial and material compensation to the families of those affected by human-wildlife conflict incidents, families often complain of receiving funds late.

Meanwhile, there is tension between the government and indigenous groups such as the Maasai, who are resisting being evicted to make more room for conservation space to be used for tourism.

Last year, crackdowns on Maasai protesters and resulting outrage from groups led to the World Bank suspending a $150m conservation grant, and the European Union cancelling Tanzania’s eligibility for a separate $20m grant.

Microsoft (MSFT -0.15%) and Apple (AAPL 0.54%) are forever rivals. They are competitors in the personal computer market and for years have been the leading tech companies in the world. Even today, their valuations are similar. As of Tuesday’s close, Microsoft had a slight edge in market cap ($3.82 trillion versus $3.67 trillion).

There’s a new arena that could be their new battleground: artificial intelligence (AI). It’s still the early innings of AI deployment, and how their businesses evolve and adapt to AI remains a big question mark. But based on where they are today, which AI stock looks to be the better buy right now?

Image source: Getty Images.

Which company has the better overall growth prospects?

Both of these companies already have large, robust businesses that can benefit from AI. Apple is a big name in consumer electronics with its iPads and iPhones being highly coveted products and, in some cases, status symbols. Microsoft, meanwhile, has its core in the business world with companies all over using its office products and cloud software for their day-to-day operational needs. They also both sell personal computers, with Microsoft focusing more on practicality and real-world business use, while Apple’s focus has been on simplicity and ease of use for the average user.

They both have many opportunities where AI can enhance their existing products in services. But the edge for sheer growth potential has to go Microsoft, simply because of how much broader its business has become over the years, especially in gaming, with it wrapping up its massive $69 billion acquisition of Activision Blizzard a couple of years ago.

Which company will benefit the most from AI?

AI has tremendous potential applications for these businesses. Many Apple users have been eagerly awaiting the launch of new AI-powered features for the company’s iPhones and were disappointed when they learned many of the key ones related to Siri will be pushed back until next year.

When that happens, however, that could trigger a flurry of upgrades and growth for the business. I don’t think a slow-and-steady approach will necessarily hurt Apple. In fact, it could end up being a smart move for the tech company by taking its time and ensuring everything is rolled out smoothly, to ensure that user privacy is well protected in the process.

Microsoft has already been enhancing its products and services with AI capabilities. However, there’s been plenty of debate about just how successful its Copilot AI really is. Salesforce CEO Marc Benioff has referred to it as “Clippy 2.0,” in reference to the frustrating assistant that Microsoft had years ago that users didn’t find all that helpful.

Apple deserves an edge when it comes to AI potential, simply for the massive wave of upgrades that could be coming if it hits it out of the park with its new iPhone features.

Which stock has the more attractive valuation?

It’s always important to consider valuation when buying a stock, as buying at a high price may impact your ability to earn a good return from your investment in the future. For a while, Microsoft’s stock was trading at more of a premium to Apple’s stock, but in recent weeks, that gap has evaporated.

Data by YCharts.

This one is easy to decide: It’s a tie. Their price-to-earnings multiples are almost identical at this stage. But it is notable to see that prior to the announcement of reciprocal tariffs in April, it was Apple that was trading at more of a premium than Microsoft, and then the trend reversed, with Apple’s exposure to manufacturing its iPhones in China likely weighing down the stock for part of the year.

Which stock should you buy?

The stock I’d buy today is Apple. It has devoted fans who will be willing to upgrade to the newest iPhone, even under challenging economic conditions, if it means access to cutting-edge features. Apple may be slow in rolling out AI, but when it does, the execution can be a lot cleaner, polished, and better for users in the end than if it were rushed.

Microsoft, meanwhile, has been quick to rush out AI features for its software. However, in an increasingly crowded market for AI services, it may have a more difficult time keeping customers happy when there may be other, and potentially better, options to choose from.

Apple, may, in the end, benefit from being a bit slower in its AI deployment.

‘The big war may be over, but what about the many smaller wars that still await us here?’ Al Jazeera’s Maram Humaid explains the difficult decisions facing Palestinians in Gaza living amid the rubble and navigating on-going violence.

Thousands of Palestinian prisoners – most of them detained without charge – have been released from Israeli jails as part of the Gaza ceasefire deal.

Reunions saw a mix of joy and sadness after people heard about the conditions and mistreatment their loved ones endured.

Hundreds more were forced into exile by Israel.

And the majority return to rubble in Gaza, and others risk being arrested again in the occupied West Bank.

So, is it possible for former Palestinian prisoners to embrace freedom with life under occupation and the scars of Israeli detention?

Presenter: Sami Zeidan

Guests:

Milena Ansari – Israel and Palestine Researcher at Human Rights Watch

Basil Farraj – Assistant Professor at Birzeit University, specialising in political prisoners and carceral violence

Fadia Barghouti – English Supervisor at the Palestinian Ministry of Education

Dollar Tree (DLTR 5.68%) stock has been doing fairly well this year, up 17% entering trading this week, which is better than the S&P 500‘s gain of 11%. But in recent weeks, Dollar Tree’s stock has been in a tailspin, reaching levels it hasn’t been at in months. It recently was down about 26% from its high of $118.06.

What’s behind the stock’s sharp sell-off, and could there be more trouble ahead for Dollar Tree investors? Here’s what you need to know about why it’s been doing so poorly, what could impact its future performance, and whether it’s worth buying the retail stock on the dip.

Image source: Getty Images.

The sell-off began after its second-quarter results came out

On Sept. 3, Dollar Tree released its second-quarter results for fiscal 2025. That day, the stock would fall by more than 8% and its decline would continue in the following weeks.

Overall, the quarter wasn’t a bad one for Dollar Tree. Same-store net sales rose by 6.5% for the period ending Aug. 2 and operating income of $231 million rose by 7% year over year. Investors, however, may have been worried about what lies ahead for the business in upcoming quarters.

On the company’s earnings call, CEO Michael Creedon did allude to tariff risk ahead.

“The timing of the impacts of tariffs and our mitigation activities played out differently than we originally anticipated, with some of the net positive benefits of our mitigation initiatives coming earlier in Q2 and the tariff impacts shifting to later in the year,” he said. 

Tariffs have been a big concern for investors this year and while Dollar Tree is planning to mitigate those potential headwinds as best as it can, it could mean that worse results may be on the horizon for the discount retailer. A big test may be looming for the company when it reports results later this year, and investors may be hesitant to hold on to the retail stock given the uncertainty.

Why it may not be all bad news for Dollar Tree investors

Although tariffs may negatively impact Dollar Tree’s top and bottom lines, the company is giving itself more of a buffer these days by introducing a greater variety of products that are priced between $3 and $5. While the vast majority of its products still cost consumers less than $2, the expansion into higher-priced items can help it appeal to a wider range of shoppers.

During the quarter, Creedon said that households earning $100,000 or more were a “meaningful portion of our Q2 growth,” and that’s been part of an emerging trend for Dollar Tree as consumers look for ways to trim their budgets.

Dollar Tree is in a good position where both low-income and high-income shoppers may see a reason to go to its stores. With a solid comparable store growth rate, it’s proving that the business may be more resilient than other retailers.

Is Dollar Tree stock a good buy?

The decline in Dollar Tree’s stock in recent weeks doesn’t put it anywhere near its 52-week low of $60.49, but it does bring its price-to-earnings multiple down to around 17. That’s well below where the average S&P 500 stock trades — a multiple of nearly 26.

Tariffs may be a concern for the company in the short term, but over the long run it’s not likely to weigh on the business because policies may change and Dollar Tree will have more time to adapt. The stock’s reasonable valuation combined with the company’s continued strong results makes it a solid investment to consider today.

US President Donald Trump has made a last-minute trip to the Middle East in the wake of the Gaza ceasefire deal. 

He landed in the Egyptian resort town of Sharm el-Sheikh late on Monday after flying in from Israel, where he addressed the Israeli Knesset.

The first phase of Trump’s 20-point ceasefire plan has now been completed, with Hamas releasing all 20 living Israeli captives in Gaza and Israel freeing Palestinian prisoners in the occupied West Bank.

So will this deal finally bring peace to the region?

And what does Trump’s plan mean for the broader Middle East?

Presenter: Neave Barker

Guests:

Sarah Eltantawi – Professor at Fordham University in New York City; political analyst and writer

Yezid Sayigh – Senior fellow at the Malcolm H Kerr Carnegie Middle East Center in Beirut

Kenneth Katzman – Senior fellow at The Soufan Center and former senior analyst with the US Congressional Research Service

If you’re thinking about investing in the stock market today, you may be wondering whether it’s a better idea to go with the big names in the “Magnificent Seven” or to simply hold a position in the entire S&P 500.

The Magnificent Seven refers to some of the most prominent growth stocks in the world: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. Investing in these companies has yielded strong returns for investors over the years. Meanwhile, the S&P 500 makes for a more balanced investment overall, as it gives investors broader exposure to the market while still growing over the long term. By having a position in the 500 best stocks rather than just the top seven, there’s much more diversification.

Which option should you go with today, if your focus is on long-term growth?

Image source: Getty Images.

The Magnificent Seven are magnificent, but they could be overdue for a decline

One way you can gain exposure to the Magnificent Seven is by investing in the Roundhill Magnificent Seven ETF (MAGS -3.81%). The fund invests in just the Magnificent Seven and, thus, can be an easier option than investing in each stock individually. Since its launch in April 2023, the fund has soundly outperformed the S&P 500, rising by more than 165% while the broader index has achieved gains of around 64%.

Many of the Magnificent Seven have benefited from an uptick in demand due to artificial intelligence (AI) and have been investing heavily in next-gen technologies. However, many investors worry that a bubble has already formed around AI stocks and that spending could slow down, especially if there’s a recession on the horizon. If that happens, then these stocks could be susceptible to significant declines.

While these stocks have been flying high of late, back in 2022, when the market was in turmoil due to rising inflation and as investor sentiment was souring on growth stocks, each of the Magnificent Seven stocks fell by more than 26%. The worst-performing stocks were Meta and Tesla, which lost around 65% of their value. That year, the S&P 500 also fell, but at 19%, it was a more modest decline.

The S&P 500 is more diverse, but that doesn’t mean it’s risk-free

If you want to have exposure to the S&P 500, you can accomplish that by investing in an S&P 500 index fund, such as the SPDR S&P 500 ETF (SPY -2.67%). Its low expense ratio of 0.09% makes it a low-cost, no-nonsense way of tracking the S&P 500. Its focus is to simply mirror the index, and it does a great job of that.

The problem, however, is that while the S&P 500 will give you exposure to more stocks than just the seven best stocks in the world, how those leading stocks do will still have a significant impact on the overall stock market. And the Magnificent Seven, because they are so valuable, are also among the SPDR ETF’s largest holdings.

But even if you were to go with a more balanced exchange-traded fund, such as the Invesco S&P 500 Equal Weight ETF, which has an equal position in all S&P 500 stocks, that may only offer modest protection from a wide-scale sell-off. In 2022, the ETF declined by 13%.

You’re always going to face some risk when investing in the stock market, especially if your focus is on growth stocks, which can be particularly volatile.

What’s the better strategy for growth investors?

If your priority is growth, then going with the Magnificent Seven can still be the best option moving forward. These stocks will undoubtedly have bad years, but that’s the risk that comes with growth stocks. However, given their dominance in tech and AI, the Magnificent Seven still have the potential to vastly outperform the S&P 500 in the long run, and their gains are likely to far outweigh their losses.

French Prime Minister Sebastien Lecornu has plunged France further into a political deadlock after he resigned just hours after forming a cabinet as Paris struggles to plug its mounting debt.

Lecornu – whose tenure, which ended on Monday, was the shortest in modern French history – blamed opposition politicians for refusing to cooperate after a key coalition partner pulled support for his cabinet. He joins a growing list of French prime ministers who since last year have taken the job only to resign a short time later.

Opposition parties in the divided French Parliament have increased pressure on President Emmanuel Macron to hold snap elections or even to resign – as have politicians and allies in his own camp. Analysts said Macron now appears to be caught on the back foot since Lecornu was widely seen as his “final bullet” to solve the protracted political crisis.

Here’s what to know about Lecornu’s resignation and why French politics are unstable:

What happened?

Lecornu and his ministers resigned on Monday morning after he had named a new government the previous day.

Lecornu took up his office on September 9 after his predecessor Francois Bayrou stepped down. His tenure lasted 27 days, the shortest since 1958 when France’s Fifth Republic began. He was France’s fifth prime minister since 2022 and its third since Macron called snap elections in June last year. He was formerly the minister of the armed forces from 2022 until last month.

In an emotional television address on Monday morning, Lecornu blamed political leaders from different ideological blocs for refusing to compromise to solve the crisis.

“The conditions were not fulfilled for me to carry out my function as prime minister,” the 39-year-old Macron ally said, adding that things could have worked if some had been “selfless”.

“One must always put one’s country before one’s party,” he said.

Macron, in what appeared to be a final attempt at stability, then asked Lecornu on Monday evening to stay on until Wednesday as the head of a caretaker government and to hold “final negotiations” with political parties in the interests of stability. It’s unclear what exactly these talks might entail or whether Lecornu might still emerge as prime minister at the end of them.

In a statement late on Monday on X, Lecornu said he accepted Macron’s proposal “to hold final discussions with the political forces for the stability of the country”. He added that he will report back to Macron by Wednesday evening and the president can then “draw his own conclusions”.

France expert Jacob Ross of the Hamburg-based German Council on Foreign Relations said the caretaker agreement was a “bizarre” one, even if legal, and underscored Macron’s desperation to project some form of control even as his options appear to be running out.

“For me, this really secures the narrative that Lecornu was Macron’s last bullet” to solve the current crisis, Ross said.

Why did Lecornu quit?

France has a deeply divided parliament that makes consensus difficult. Far-right and left-wing parties together hold more than 320 seats in the 577-seat lower house and abhor each other. Macron’s centrist and conservative bloc, which has tried to win conditional support from the left and right to rule, holds 210. No party has an overall majority.

After forming his government on Sunday, Lecornu immediately lost the support of the right-wing Republicans party (LR), which holds 50 seats, because of his choice for defence minister — former Finance Minister Bruno Le Maire.

LR President Bruno Retailleau, who was set to be interior minister in the government, announced on X on Sunday evening that his party was pulling out of the coalition because it did not “reflect the promised break” from pro-Macron ideologies initially assured by Lecornu. He said later on the broadcaster TF1 that Lecornu did not tell him Le Maire would be part of the government.

Le Maire is seen by many critics as representing Macron’s pro-privatisation economic policies and not the radical shifts that Lecornu promised in the three weeks of negotiations before forming a cabinet. Others, meanwhile, hold Le Maire responsible for overseeing the large public deficit during his term as finance minister from 2017 to 2024.

Lecornu’s exit affected the markets with stocks of prominent French companies dropping sharply by about 2 percent on the CAC 40, France’s benchmark stock index, although it has somewhat recovered since then.

Ministers who were supposed to form the government will now remain as caretakers until further notice. “I despair of this circus where everyone plays their role but no one takes responsibility,” Agnes Pannier-Runacher, who was set to be reappointed as ecology minister, said in a post on X.

Why has France’s politics become unstable?

The issues go back to the snap elections in June 2024, which produced a hung parliament consisting of Macron’s centrist bloc as well as left and far-right blocs. With Macron failing to achieve a majority and with parliament consisting of such an uncomfortable coalition, his government has faced hurdles in passing policies.

Added to the political impasse are Macron’s attempts to push through deeply unpopular austerity measures to close widening deficits that resulted from COVID-19-era spending.

Bayrou, who was prime minister from December to September, proposed budget cuts in July to ease what he called France’s “life-threatening” debt burden and cut public spending by 44 billion euros ($52bn) in 2026. His plans included a freeze on pensions, higher taxes for healthcare and scrapping two holidays to generate economic activity. However, they were met with widespread furore in parliament and on the streets and resulted in waves of protests across France. Parliament eventually rejected Bayrou’s proposals in September, ending his nine-month run.

Lecornu, meanwhile, had abandoned the holiday clause and promised to target lifelong privileges enjoyed by ministers. He had negotiated with each bloc for three weeks, hoping to avoid a vote of no confidence. By Monday, it was clear that his approach had not worked.

Public anger has increasingly also been directed at Macron since he first imposed higher fuel taxes in 2018 – and later scrapped them after large-scale protests. In April 2023, Macron again drew popular anger when he forced through pension reforms that raised the retirement age from 62 to 64. That policy was not reversed despite large protests led by trade unions. At present, the French president’s popularity in opinion polls has sunk to record lows.

“There is a numb anger in the voter base, a sense that politicians are playing around, and a huge part of the French electorate is disgusted,” Ross said. “My fear is that it is a potentially promising starting position to call for new elections but also a referendum on topics like migration and even France staying on in the European Union.”

What’s next for Macron?

Macron, due to be in office until April 2027, is increasingly under pressure. Opposition groups are capitalising on Lecornu’s resignation, and his own allies are publicly distancing themselves from him in a bid to boost their standing in the next elections, analysts said.

The anti-immigrant and anti-EU National Rally (RN) on Monday urged Macron to hold elections or resign. “This raises a question for the president of the republic: Can he continue to resist the legislature dissolution? We have reached the end of the road,” party leader Marine Le Pen told reporters on Monday. “There is no other solution. The only wise course of action in these circumstances is to return to the polls.” The RN is expected to gain more seats if elections are held.

Similar calls came from the left with members of the far-left France Unbowed party asking for Macron’s exit.

The president, who has not made a public statement but was spotted walking alone along the River Seine on Monday, according to the Reuters news agency, is also isolated within his own camp. Gabriel Attal, prime minister from January to September 2024 and head of Macron’s Renaissance party, said on the TF1 television channel that he no longer understood Macron’s decisions and it was “time to try something else”.

Edouard Phillipe, a key ally of Macron and prime minister from 2017 to 2020, also said Macron should appoint a caretaker prime minister and then call for an early presidential election while speaking on France’s RTL Radio. Phillipe, who is running in the 2027 elections under his centrist Horizons party, slammed what he said is a “distressing political game”.

France needs to “emerge in an orderly and dignified manner from a political crisis that is harming the country”, Philippe said. “Another 18 months of this is far too long.”

“People are seriously speculating that he might step down, and his allies are seeing him as political [dead] weight,” Ross said.

Macron, he added, has three options: elect yet another prime minister who might still struggle to gain parliamentary consensus, resign or more likely call for snap parliamentary elections – which could still fail to produce a majority government. All three options would come with their own challenges for the president, he noted. Macron has repeatedly ruled out stepping down.

The crisis, Ross said, is similarly affecting the president’s political standing on the international front as head of the EU’s second most populous economy.

Matt Ritchie sensed it.

He knew what could happen if Howe “got hold of them” and “had some firepower”, after previously working with the manager at Bournemouth.

“When I first arrived, I would talk about Eddie Howe and Bournemouth,” said the 36-year-old winger, who played for Newcastle between 2016 and 2024 and now at Reading.

“The lads would say, ‘come on, drop it, he can’t have been that good’. But I’d tell them there was no stone left unturned.

“I was so pleased that they got to sample it. Until you actually see it and feel it, you don’t truly believe you have never worked like that before. It’s the attention to detail, the preparation and the desire to improve – all the things that make Newcastle what they are now.”

It has not all been plain sailing, of course, since Howe’s appointment or the takeover a few weeks prior.

Newcastle, currently 15th in the Premier League, missed out on a number of targets during a draining summer window and lost striker Alexander Isak to Liverpool for a British record £125m.

The club do not have a sporting director after Paul Mitchell left in June, following less than a year in the post.

And the wait continues for announcements concerning the future of St James’ Park and construction of a new state-of-the-art training ground.

But this is a side that ended a 70-year drought to win a major domestic trophy back in March after lifting the Carabao Cup by beating Liverpool.

They have qualified for the Champions League in two of the past three seasons – recording their biggest win in the competition against Union Saint-Gilloise this week – and only Manchester City, Liverpool and Arsenal have picked up more points in the Premier League since Howe took charge.

“A lot has changed just in terms of the general feeling of the club,” added Howe. “Of course, the team has changed. Naturally, teams progress and change over time.

“The way we’re working behind the scenes as a football club is totally different but, also, if you look around the training ground here, there have been big improvements. That’s what the club needed and still needs.

“We need more, but things will change and gradually evolve over time. It’s exciting times for the football club.”

Iran is facing new pressure due to its nuclear programme.

European powers have re-imposed sanctions that were lifted as part of a landmark 2015 nuclear agreement.

They target Iran’s banking, oil, and other crucial sectors. There is also an embargo on arms imports.

Western allies say Iran has not been cooperating with the United Nations nuclear watchdog, and that its nuclear programme poses a threat to international security.

Tehran has always maintained that its nuclear programme is for civilian use, and says it is ready to weather the storm.

So, is there still room for diplomacy?

Presenter: Nick Clark

Guests:

Ellie Geranmayeh – senior policy fellow at the European Council on Foreign Relations, and a specialist in Europe-Iran relations

Mark Fitzpatrick – former US diplomat, and associate fellow at the International Institute for Strategic Studies

Marzie Khalilian – Iranian political analyst and researcher at Carleton University, focusing on US-Middle East relations.

US tech giant Microsoft says it has stopped the Israeli military from accessing its cloud computing and AI technology.

The move follows an investigation that found that Israeli forces had been using Microsoft’s powerful Azure services for mass surveillance and attacks in Gaza and the occupied West Bank.

But has Microsoft’s decision come too late? And what can be done to stop Israel from simply finding a replacement from another powerful software supplier?

Presenter: Neave Barker

Guests:

Rob Pegoraro – Technology journalist and analyst

Taghreed El-Khodary – Palestinian journalist and analyst

Kenneth Roth – Former executive director of Human Rights Watch and author of Righting Wrongs: My Life in Human Rights

A mosque bombed in Sudan is the latest atrocity in a conflict that has led to the world’s worst humanitarian crisis, says the United Nations.

Meanwhile, a new US-led political initiative gets a cool response from Khartoum.

What’s happening in the conflict – and what are the hopes for peace?

Presenter: Tom McRae

Guests:

Amgad Fareid Eltayeb – executive director of Fikra for Studies and Development

Kholood Khair – Sudanese political analyst

Cameron Hudson – senior associate in the Africa programme at the Center for Strategic and International Studies

Great Britain is set to roll out the red carpet for Donald Trump this week, honouring the president of the United States with something no other American leader has ever received: a second state visit.

Trump is set to arrive in London late on Tuesday for a visit that coincides with tough trade negotiations between the US and many of its key trading partners, including the United Kingdom. During his stay, both countries plan to announce several deals on technology and civil nuclear energy, and British leaders hope to finalise an agreement on metal tariffs.

Trump and his wife, Melania, will be treated to royal pageantry throughout their two-day stay, including a ceremonial welcome from King Charles at Windsor Castle. The British government is confident that royal soft power will appeal to Trump’s sense of flamboyance.

Before setting off on Tuesday, Trump said he was looking forward to meeting with his friend, King Charles III, whom he described as an “elegant gentleman”.

The president said being welcomed for a second state visit was a first, and noted how it was planned for Windsor Castle, rather than Buckingham Palace.

“I don’t want to say one is better than the other, but they say Windsor Castle is the ultimate,” the president added, noting that much of his trip will be focused on trade.

The state visit will include a glittering banquet and a procession in a horse-drawn carriage. For his part, British Prime Minister Keir Starmer hopes Trump’s visit will offer a measure of distraction from simmering speculation about his leadership amid plummeting approval ratings and high-profile resignations.

Lord Mandelson’s recent sacking as UK ambassador to the US, following new revelations concerning his friendship with child sex offender Jeffrey Epstein, has already cast a diplomatic pall over Trump’s visit. The president’s own links to Epstein have also generated plenty of headlines in recent weeks.

When and where

Trump will officially be welcomed to the UK on Tuesday evening by US Ambassador Warren Stephens, British Foreign Secretary Yvette Cooper and Viscount Hood, the king’s lord-in-waiting. On Wednesday morning, the royal activities will begin, with a formal greeting by the king and Queen Camilla, along with Prince William and Princess Catherine, at Windsor Castle. Later that day, he will enjoy a royal salute at the castle and a flypast from the Red Arrows and the carriage procession.

The president will then be treated to lunch with the extended royal family before laying a wreath at Queen Elizabeth II’s tomb in St George’s Chapel.

On Wednesday night, Trump will be the guest of honour at a formal state banquet at the castle.

The president will bid farewell to the royals on Thursday morning before he meets Starmer.

Trade tops agenda

Starmer will host Trump at Chequers, his country residence, on Thursday to discuss various matters, including security in Ukraine. Starmer’s ultimate aim, however, is to ensure that Trump makes good on his promise to lower tariffs on steel and aluminium.

The UK was the first country to sign a bilateral trade agreement with the Trump administration in May. Under that deal, the US planned to reduce tariffs on aluminium and steel from 25 percent to zero, but that has not happened yet.

“When it comes to steel, we will make sure that we have an announcement as soon as possible,” Business Secretary Peter Kyle told the BBC on Sunday. Other ministers have expressed optimism that a deal on base metals can be secured during Trump’s visit.

The two countries are also expected to sign a multibillion-dollar deal to develop small nuclear projects, which could, in some cases, help to power new artificial intelligence data centres. On Monday, Starmer announced a joint US-UK project to build a fleet of small modular reactors.

“The UK-US relationship is the strongest in the world,” a representative from Starmer’s office told reporters. “This week, we are delivering a step change in that relationship.”

Investment deals?

A major talking point will be a new potential technology partnership, involving enhanced US investment in the UK and greater British cooperation with Silicon Valley on AI and quantum computing.

That had been Lord Mandelson’s priority and something he described in his outgoing letter to embassy staff last week as his “personal pride and joy” that he claimed would “help write the next chapter of the special relationship” between the US and the UK. Mandelson’s permanent replacement has yet to be named, but James Roscoe is serving as interim ambassador to the US.

Nvidia, OpenAI and Google are expected to announce investment deals as part of the partnership, according to the Reuters news agency. Meanwhile, the British government recently secured 1.25 billion pounds ($1.7bn) in private investment pledges from PayPal and Bank of America.

Elsewhere, private equity firm Blackstone plans to invest 100 billion pounds ($136bn) into British assets over the next decade, with a focus on physical infrastructure. The investment will be part of a previously announced $500bn package of investment into Europe.

Why is this trip significant?

This is Trump’s second visit to the UK in the last two months, following his trip to Scotland in July, but this week marks his second state visit, which no other US president has ever enjoyed. In 2019, Trump was hosted for a state visit by Queen Elizabeth II.

The timing is not ideal. Mandelson was sacked as the UK’s ambassador to the US on September 11, after emails were published that revealed he urged Epstein to fight for early release from prison in 2008.

Trump’s friendship with Epstein has also exposed him to damaging scrutiny, including from his support base. Democrats in the House of Representatives recently released a birthday letter he allegedly wrote to Epstein in 2003, which Trump has denied writing.

For his part, Starmer hopes the pomp of a state visit will offer cover for his own domestic challenges, including criticism about him proscribing the Palestine Action group as a “terror organisation”.

Following missteps on welfare reform, a slapdash cabinet reshuffle and poor economic growth, several lawmakers are increasingly questioning Starmer’s judgement, especially with Nigel Farage’s populist Reform UK party surging ahead in the polls.

Starmer’s main goal will be to champion any wins secured during Trump’s visit.

But the president’s stay will also face challenges as local protests are expected in opposition to Trump’s stay at Windsor Castle.

The prime minister will also try to convince Trump that Russia’s incursion of 20 drones into Polish airspace last Wednesday was not an accident, as Trump has suggested.

Polish Foreign Minister Radoslaw Sikorski rejected that theory on September 12 during a news conference in Kyiv. “We don’t believe in 20 mistakes at the same time,” he said.

Finally, Starmer’s spokesperson said there would also be announcements on deepening cultural ties, including promoting basketball in the UK and developing partnerships between heritage and art institutions.