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US Senate passes tech & manufacturing bill that takes on China

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The US Senate has passed a bipartisan tech and manufacturing bill that will take on China

The legislation, intended to boost the county’s ability to compete with Chinese tech was passed on Tuesday. The Senate voted 68-32 to approve the sweeping package of legislation.

The measure authorises approximately $190 billion for provisions to strengthen US technology and research.

The legislation would also separately approve spending $54 billion to increase manufacturing and research into semiconductor chips and telecommunication equiptment.

The next stages

The bill must now pass the House of Representatives in order to be sent to the White House for Biden to sign into law.

Currently, it is not clear what legislation in the House will look like or when it might take it up.

The bill has a number of other China-related provisions including prohibiting the social media app TikTok from being downloaded on government devices and would block the purchase of drones manufactured and sold by companies backed by the Chinese government.

It would also allow diplomats and Taiwanese military to display their flag and wear their uniforms while in the United States on official businesses.

Senate Majority Leader Chuck Schumer, warned of the consequences of not funding research to keep up with China.

“If we do nothing, our days as the dominant superpower may be ending. We don’t mean to let those days end on our watch. We don’t mean to see America become a middling nation in this century,”

President’s Response:

President Joe Biden also praised the bill: “

We are in a competition to win the 21st century, and the starting gun has gone off … We cannot risk falling behind.”

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Tariffs create economic uncertainty for corporate giants

CEOs warn tariffs are harming planning, raising costs, and reducing consumer spending, leading to uncertain economic forecasts.

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CEOs warn tariffs are harming planning, raising costs, and reducing consumer spending, leading to uncertain economic forecasts.

In Short

U.S. company CEOs, including those from American Airlines and Procter & Gamble, are worried about the negative effects of changing tariff policies on their businesses and consumer behaviour.

Many industries anticipate increased costs, potential price hikes for consumers, and a slowdown in economic growth due to uncertainty in tariff regulations.

CEOs from major U.S. companies, including American Airlines and Procter & Gamble, are expressing concerns about the impact of shifting tariff policies on their businesses and consumer behaviour.

Travel has already been affected, with airlines revising their full-year outlooks due to softer leisure travel as uncertainty looms. Procter & Gamble is contemplating price increases on some products in response to these tariffs.

Major automotive groups have urged President Trump to reconsider the 25% tariff on car parts, citing significant increases in costs for consumers. American Airlines’ CEO, Robert Isom, noted that hiring and expansion plans may be curtailed due to the unpredictable economic environment.

Harming investment

CEOs from various sectors, including finance and aviation, highlighted how the instability in tariff regulations is harming investment and economic growth. Some consumers are already reacting by purchasing big-ticket items prematurely, fearful of future price hikes.

Telecom executives from Verizon and AT&T indicated they cannot entirely absorb the costs associated with tariffs, leading to inevitable price increases for consumers. Similarly, home builders like PulteGroup anticipate rising costs for new homes due to tariff-related expenses on materials.

While some executives support certain tariffs, many are concerned about the long-term effects on their operations and the economy as a whole. The International Monetary Fund also projects a slowdown in global growth as a result of these tariff policies.

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Trump urges Putin to halt Kyiv attacks after casualties

Trump urges Putin to cease attacks on Ukraine following deadly missile strike on Kyiv, killing 12 and injuring 90.

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Trump urges Putin to cease attacks on Ukraine following deadly missile strike on Kyiv, killing 12 and injuring 90.

In Short

A missile and drone attack on Kyiv killed 12 and injured 90, prompting Trump to urge Putin for a peace deal amid escalating tensions.

Ukraine seeks an unconditional cease-fire, but ongoing strikes and unacceptable Russian conditions raise concerns over future peace negotiations.

In a recent missile and drone attack on Kyiv, 12 individuals were killed and 90 injured, marking the most severe air assault this year.

U.S. President Trump responded by urging Russian President Putin to halt attacks and pursue a peace agreement. He expressed concern over the loss of life, highlighting that 5,000 soldiers perish weekly.

The attack involved over 200 missiles and drones and targeted critical Ukrainian industries. Trump’s frustration has increased as peace talks stagnate, with him also critiquing Ukrainian President Zelensky for dismissing a peace proposal that would legally recognise Russian control over Crimea.

Peace deadline

Despite Trump’s previous reluctance to criticise Putin, the attack shifted his stance. He has signaled a deadline for both Russia and Ukraine to reach a peace deal while the U.S. contemplates the extent of its involvement in negotiations.

Ukraine seeks an unconditional cease-fire, but Russia’s conditions remain unacceptable to Kyiv. A recent U.S. proposal would allow Russia to retain substantial territory and would limit Ukraine’s NATO aspirations.

Zelensky accused Russian forces of terrorism, attacking civilian areas and inciting widespread destruction, while Trump acknowledged the challenges of restoring Crimea to Ukraine.

The situation continues to escalate, with ongoing strikes on civilian infrastructure, drawing international attention and condemnation. As rescue workers clear debris from the latest attack, uncertainties remain about the future of peace talks and the safety of Ukrainian citizens.

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Trump targets migrant gangs with deportation crackdown

Trump advocates for strong immigration enforcement to restore law and order, warns against court-blocked deportations, and labels gangs as terrorist organizations.

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Trump advocates for strong immigration enforcement to restore law and order, warns against court-blocked deportations, and labels gangs as terrorist organizations.


Former President Donald Trump says his administration is committed to restoring law and order through aggressive immigration enforcement.

He warns that dangerous consequences could unfold if courts block mass deportations.

Trump has labelled several gangs, including Tren de Aragua, as foreign terrorist organisations, and is pushing for faster judicial cooperation.

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