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The United States and China have initiated a trade dispute that could escalate into a significant trade war. The conflict began with the US imposing a 10% tariff on all Chinese imports, leading China to retaliate with tariffs of 10% to 15% on various US products, including coal and agricultural machinery. Additionally, China has added American companies Illumina and PVH Group to its unreliable entities list, restricting their operations within China. Experts suggest the situation may prompt both nations to engage in dialogue to avoid further escalation, although warnings indicate that failure to reach an agreement could lead to intensified conflict. The tariffs are expected to raise prices for American consumers and impact businesses reliant on imported materials. Economists predict that further tariffs could lead to job losses and significant economic contraction in the US, while the effects on China, Mexico, and Canada may vary. 
Published: Feb 05 2025, 11 pmeznews.inThe European Union has reaffirmed that Gaza is a crucial component of any future Palestinian state, following controversial remarks by President Donald Trump suggesting the relocation of Palestinians from the region. In a statement on Wednesday, an EU foreign policy spokesperson emphasized the bloc's commitment to a two-state solution, which they believe is essential for achieving lasting peace between Israelis and Palestinians. Trump's proposal to have the U.S. assume control of Gaza and resettle its Palestinian inhabitants has sparked widespread international criticism. The EU reiterated its stance, asserting that "Gaza is an integral part of a future Palestinian state," underscoring the importance of recognizing the territory's role in the broader peace process.
Published: Feb 06 2025, 2 ameznews.inProtests erupted in Dhaka on Wednesday as demonstrators vandalised and set fire to the residence of Bangladesh's founding leader, Sheikh Mujibur Rahman, during a live address by his daughter, former Prime Minister Sheikh Hasina. Thousands gathered outside the Dhanmondi house, now a memorial museum, following a social media call for a “Bulldozer Procession” coinciding with Hasina's speech. In her address, Hasina urged citizens to resist the current regime, referring to it as a threat to the nation’s history and independence. The protests, led by the Anti-Discrimination Student Movement, included calls for the demolition of properties belonging to former Awami League officials. Amidst the chaos, Hasina, who has been living in India since fleeing Bangladesh last year, expressed her sorrow over the attack on the historic site, which has significant political and emotional value. The interim government is reportedly working to extradite Hasina and others back to Bangladesh amid ongoing unrest.
Published: Feb 06 2025, 12 ameznews.inFrench Prime Minister Francois Bayrou narrowly survived a no-confidence vote in parliament on Wednesday, providing temporary relief after less than two months in office amid ongoing political turmoil. Bayrou, appointed by President Emmanuel Macron in December to address a political crisis, had previously invoked a contentious constitutional article to push through a cost-cutting budget without a parliamentary vote. The hard-left France Unbowed party, supported by the Communists and Greens, initiated the no-confidence motion, but it fell short with only 128 votes, well below the 289 needed to unseat the government. Despite this reprieve, analysts warn that Bayrou's government remains fragile, with a 70% chance of collapse in the coming months. The Socialists, who opted not to support the no-confidence motion, may signal a fracture in the left-wing alliance. As political instability looms, the government aims to meet its fiscal targets amid criticism from various sectors, including business leaders.
Published: Feb 06 2025, 12 ameznews.inUS Secretary of State Marco Rubio clarified President Donald Trump's controversial proposal regarding Gaza, stating that the President envisions a temporary evacuation of Palestinians during the territory's reconstruction. Trump suggested at a meeting with Israeli Prime Minister Benjamin Netanyahu that the US could take over the war-torn region, an idea that has drawn international criticism. Rubio characterized the proposal as a "generous move" aimed at facilitating the rebuilding process, emphasizing the US's commitment to clearing debris and unexploded munitions. He explained that while reconstruction efforts are underway, residents would need to temporarily vacate the area, with the ultimate goal of enabling them to return to newly rebuilt homes and businesses. The comments come amid ongoing tensions and humanitarian concerns in the region.
Published: Feb 06 2025, 1 ameznews.inAlphabet's Google has unveiled significant updates to its Gemini family of large language models, introducing competitive pricing to rival low-cost AI offerings from competitors like China's DeepSeek. The tech giant now offers various versions of Gemini, including the newly launched Gemini 2.0 Flash, which follows a developer preview in December, and the even cheaper "Flash-Lite" model. The Flash-Lite was developed in response to positive feedback on the previous version, while Gemini 2.0 Flash is priced higher than its predecessor. This announcement comes amid growing investor scrutiny over AI development costs, particularly after DeepSeek revealed a modest $6 million expenditure for its latest model training. While Alphabet and other major firms like Microsoft and Meta remain committed to substantial investments in AI, Alphabet's shares fell due to concerns over a planned capital expenditure increase that exceeded Wall Street expectations. Pricing for Gemini Flash-Lite is notably competitive, costing $0.019 per million tokens compared to OpenAI's $0.075.
Published: Feb 05 2025, 11 pmeznews.inUS President Donald Trump is set to sign an executive order on Wednesday that will prohibit transgender athletes from competing in women's sports, fulfilling a commitment made during his campaign for a second term. The White House announced the "No Men in Women's Sports Executive Order" will be signed at 3:00 pm ET, with Deputy Press Secretary Anna Kelly asserting it aims to "protect women's sports" by ending what she described as the "dangerous and unfair participation of men." This move follows a series of actions by Trump targeting transgender rights, including a ban on transgender individuals serving in the military and restrictions on gender transition procedures for minors. The Republican-led House has also passed legislation aimed at limiting transgender athletes’ participation in sports, reflecting a broader conservative strategy ahead of the 2024 elections that seeks to capitalize on cultural debates surrounding LGBTQ rights.
Published: Feb 05 2025, 11 pmeznews.inA federal judge has blocked Donald Trump's attempt to limit birthright citizenship in the United States, delivering a significant setback to the president's efforts to alter a constitutional right that has been in place for over a century. District Judge Deborah Boardman ruled against Trump's controversial executive order, which was set to take effect on February 19, stating that denying citizenship would cause "irreparable harm." Boardman emphasized that the order conflicts with the 14th Amendment, which guarantees citizenship to anyone born on U.S. soil, and noted that no court has supported Trump's interpretation of the law. This ruling follows a similar decision by U.S. District Judge John Coughenour in Washington state, who labeled the order "blatantly unconstitutional." Trump's order was based on the premise that individuals in the U.S. illegally or on visas were not "subject to the jurisdiction" of the country, a claim widely disputed by legal experts and opponents.
Published: Feb 05 2025, 11 pmeznews.inArgentina has announced its withdrawal from the World Health Organization (WHO), a decision made by President Javier Milei's office, which cited "deep differences regarding health management" during the Covid-19 pandemic. Spokesman Manuel Adorni emphasized that the move aims to prevent international interference in Argentina's sovereignty and to provide greater flexibility in local policy implementation. This decision mirrors the recent exit of the United States from the WHO, initiated by former President Donald Trump, who criticized the agency's pandemic response. Since taking office in December 2023, Milei has implemented austerity measures, resulting in increased poverty but also achieving Argentina's largest trade surplus in 2024. A self-declared "anarcho-capitalist," Milei has been an outspoken supporter of Trump, being the first foreign leader to visit him after the 2024 election victory. The US withdrawal from the WHO raises concerns about potential funding shortages for global health initiatives.
Published: Feb 05 2025, 10 pmeznews.inCanadian Prime Minister Justin Trudeau announced that a summit focused on Canada-US economic relations will take place in Toronto on Friday, following a recent 30-day pause on proposed tariffs by the Trump administration. The Council on Canada-US Relations will convene to explore strategies for bolstering Canada's economy, enhancing domestic trade, diversifying export markets, and improving productivity. Trudeau emphasized the importance of increased coordination between Canada and the United States as part of the discussions. The summit aims to address key economic challenges and foster closer ties between the two nations.
Published: Feb 05 2025, 8 pm
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