France is using its G7 presidency to spotlight mounting global economic imbalances, as China’s surging exports, chronic U.S. deficits and Europe’s weak investment risk exacerbating trade tensions and exposing the world economy to financial shocks.
Category: News
G7 host France is pushing partners to agree a statement on critical minerals on Wednesday that could include measures to help the West reduce its reliance on China and shield investors from counter-measures and dumping, diplomats said.
The U.S. has held off adding China’s AI startup DeepSeek, memory chipmaker CXMT and more than 100 other companies flagged as national security risks to a trade blacklist, according to two people familiar with the matter, as the Trump administration tries to avoid escalating tensions with Beijing.
In the run-up to becoming leader of the Federal Reserve, Kevin Warsh flagged as a cornerstone issue his belief that the central bank’s bond holdings must be reduced because they are too big and harmful to the U.S. economy.
France’s Renault Group will produce military drones with defence technology firm Thales , the companies said on Tuesday, marking a further push by the automaker into defence manufacturing.
Work crews poured hydrogen peroxide into the newly repainted Lincoln Memorial Reflecting Pool on Tuesday to combat an algae bloom, a little over a week after it was repainted as part of President Donald Trump’s campaign to revamp some of Washington’s major monuments.
Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers disclosed plans to launch exchange-traded funds linked to the new AI-stock acronym that is all the buzz on Wall Street.
BMW slashed its outlook for 2026 on Tuesday, blaming an accelerated downturn in the key Chinese market as well as the impact of the Iran war, which the German premium carmaker said had hit consumer sentiment and raised energy costs.
G7 leaders discussed a plan to grant select “trusted partners” access to advanced AI models from U.S. firms such as Anthropic, three diplomatic sources said on Tuesday, potentially opening a path around restrictions on non-American use.
Two U.S. senators are asking the nation’s traffic safety regulator to examine Tesla’s self-published crash statistics for its “Full Self-Driving” (FSD) driver-assistance system, following a Reuters investigation last month that found the EV maker was exaggerating its safety claims.