US could lose between $7bn and $14bn during shutdown, budget office says

US President Donald Trump and Chinese leader Xi Jinping met in Busan to discuss a potential trade truce, marking their first in-person meeting since 2019. This meeting is significant as it comes amid rising global tensions and ongoing trade conflicts between the two largest economies. Both leaders are looking to stabilize their economic relationship, which could have far-reaching implications for global markets and international relations.

In a controversial move, US President Donald Trump has ordered the resumption of nuclear weapons tests, raising concerns about global security and the potential for escalating tensions. This decision marks a significant shift in US policy and could have far-reaching implications for international relations, particularly with countries that are already wary of nuclear proliferation. The announcement has sparked debates about the necessity and risks associated with such tests, highlighting the delicate balance between national defense and global peace.

Despite the recent halt in trade negotiations initiated by Trump, Canadian envoy Kirsten Hillman has confirmed ongoing discussions with U.S. officials. This continued dialogue is crucial as it reflects the commitment of both nations to maintain a cooperative relationship, which is vital for economic stability and mutual interests.

Former President Trump announced that South Korea plans to build a nuclear submarine in the U.S., although the timeline for this project remains uncertain. This development comes on the heels of trade negotiations between the two countries, highlighting a growing partnership that includes Korean investments in American shipbuilding. Such collaborations could enhance defense capabilities and strengthen economic ties.

The meeting between Donald Trump and Xi Jinping is set to address critical issues like rare earths and tariffs, reflecting the ongoing tensions between the US and China. This negotiation is significant as it could influence global trade dynamics and impact various industries reliant on these materials.

The upcoming meeting between Trump and Xi is set to address critical issues ranging from tariffs to technology and trade. This meeting is significant as it could shape the future of US-China relations, impacting global markets and international policies. Both leaders have much to gain or lose, making it a pivotal moment in diplomacy.

The Bank of Canada has indicated that it has exhausted its tools to support an economy struggling due to ongoing trade tensions with the U.S. This situation is concerning as it highlights the limitations of monetary policy in addressing the challenges posed by tariffs, which could lead to further economic instability and uncertainty for businesses and consumers alike.

Japan's decision to continue importing Russian liquefied natural gas (LNG) despite U.S. pressure highlights a significant divergence in energy policy between the two nations. Prime Minister Sanae Takaichi emphasized that an embargo could harm Japan's economy, indicating the country's reliance on Russian energy supplies. This situation matters as it reflects Japan's strategic choices in energy security and its complex relationship with both Russia and the U.S., potentially impacting global energy markets.

In a significant development, Donald Trump and Xi Jinping met in South Korea, marking their first face-to-face discussion since 2019. This meeting comes at a crucial time as tensions from the trade war have been palpable. However, American officials indicated that Trump would not follow through on a recent threat to impose a hefty import tax on Chinese goods. Additionally, China appears open to easing export controls on rare earths and resuming soybean purchases, which could signal a thaw in relations and benefit both economies.

In a heated session of the Australian Senate, tensions escalated as insults were exchanged during an extended question time. Labor's responses to additional inquiries, particularly regarding negotiations with the Greens on an environment bill, have raised concerns among Australians. This situation highlights the ongoing political strife and the critical importance of environmental policies in the current legislative climate, making it a significant moment for both the government and the public.

The recent U.S. military strike that reportedly killed four individuals labeled as 'terrorists' raises significant concerns, especially since the White House has not provided evidence to support its claims. This operation, targeting a vessel allegedly linked to a designated terrorist organization, highlights the ongoing complexities of U.S. involvement in global counterterrorism efforts and the implications of such actions on international relations and local communities.

The tragic death of 17-year-old Ben Austin, who was killed by a cricket ball during practice, has sparked a significant debate in Australia about the necessity of neck guards in the sport. As the cricket community honors his memory by putting their bats out, officials emphasize their focus on supporting Ben's family and the young player who threw the ball. This incident raises important questions about player safety and protective gear in cricket, highlighting the need for potential changes to ensure such tragedies do not happen again.

President Trump and Chinese leader Xi Jinping have met for the first time in six years, aiming to ease tensions between the two superpowers over trade and technology. This meeting is significant as it comes after months of disputes, and a successful dialogue could pave the way for a more stable economic relationship, benefiting both nations and the global market.

In the Netherlands, the centrist liberal party D66, led by Rob Jetten, is in a tight race with populist leader Geert Wilders as 90% of the votes have been counted. While D66 celebrates its performance, the outcome remains uncertain, highlighting the competitive nature of Dutch politics. This election is significant as it reflects the shifting political landscape in the country and the growing influence of populist movements.