Category Archives: Washington

Trade Firestorm Between Washington and Beijing Ramps Up

The U.S. has announced 100 percent tariffs on Chinese imports in response to Beijing’s rare earth export controls. China called the measures illegal, while both sides prepare for a possible Trump-Xi meeting in South Korea. Businesses warn of rising costs and inflation as global markets react to the escalating trade conflict.

UK eyes higher NHS drug prices amid U.S. pharma pressure

The UK government is reportedly prepared to allow higher NHS medicine prices to defuse U.S. threats of 100 percent tariffs on branded drugs. The shift comes as pharmaceutical firms balk at rebate regimes and paused investment. Ministers are in talks with Washington and mulling reforms to cost‑effectiveness metrics.

IEA Brings Back Baseline Scenario as U.S. Presses for Reform

The IEA will reintroduce a “current policies scenario” in its upcoming energy outlook to reflect existing policy pathways. Facing criticism from Energy Secretary Chris Wright—who has threatened U.S. withdrawal—the move aims to rein in aspirational forecasting while maintaining relevance amid political and methodological scrutiny.

US Government Weighs Equity Injection in Intel

The US government is considering taking a stake in Intel using Chips Act funds, boosting the company’s share price. Talks follow recent tensions between the president and Intel’s chief executive. No deal has been confirmed, and the White House calls the reports speculative. The move could expand state involvement in technology.

Musk slams Trump tax bill amid GOP tensions

Elon Musk has sharply criticised Donald Trump’s proposed tax bill, calling it a “disgusting abomination.” The legislation, which increases defence spending and cuts social programmes, faces opposition in the Senate. Musk’s remarks have deepened divisions within the Republican Party over the bill’s fiscal impact and policy direction.

How to win American souls and influence the Vatican

Trump’s Catholic allies are exerting growing influence in Rome as a new conclave approaches. Backed by wealthy donors and political operatives, they are campaigning for a more traditional pope. Central figures include Brian Burch and Steve Cortes, who see Trump’s return as key to reshaping US–Vatican relations and global Catholic leadership.

Trump’s meme coin surges as president offers dinner at Mar-a-Lago to top holders

Donald Trump’s $TRUMP meme coin has surged in value after he offered a gala dinner and VIP access to its top holders. Launched before his 2025 inauguration, the coin has raised ethical concerns over the president profiting from a private cryptocurrency while in office. Supporters hail it as innovative political engagement, while critics warn of conflicts of interest and regulatory risks amid growing international scrutiny.

Elon Musk’s Role Shift Highlights the Perils of Mixing Business and Politics

Elon Musk is stepping back from his role in Trump’s administration to tackle mounting challenges at Tesla, which is facing falling profits, rising competition, and production woes. His political involvement, once praised for its innovation, drew criticism over ethical conflicts and blurred public-private lines. Now, as Tesla battles economic headwinds, Musk aims to restore investor confidence.