Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs

New York Times - Jan 16, 2025

Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.

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U.S. Ban of TikTok Is Set to Deal a Major Blow to ByteDance, Its Chinese Owner

Jan 17, 2025

U.S. Ban of TikTok Is Set to Deal a Major Blow to ByteDance, Its Chinese Owner

While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are its most valuable.

Shock drop in shop sales adds to worries over UK economy

Jan 17, 2025

Shock drop in shop sales adds to worries over UK economy

Sales unexpectedly fell last month, due to a poor December for food sales in supermarkets.

IMF warns on Trump's plans but upgrades UK outlook

Jan 17, 2025

IMF warns on Trump's plans but upgrades UK outlook

Trump's policies could benefit the US, but not the rest of the world, the IMF says

The Washington Post’s New Mission: Reach ‘All of America’

Jan 17, 2025

The Washington Post’s New Mission: Reach ‘All of America’

This week, The Post began trying out a new mission statement: “Riveting Storytelling for All of America.”

Unrivaled Charts a New Path for Women’s Basketball

Jan 17, 2025

Unrivaled Charts a New Path for Women’s Basketball

A new 3-on-3 league offers a condensed format, some of the best W.N.B.A. players and a made-for-TV approach that aims to bring viewers close to the action.

I.M.F. Raises U.S. Economic Forecast as Other Regions Lag

Jan 17, 2025

I.M.F. Raises U.S. Economic Forecast as Other Regions Lag

It is projecting 2.7 percent growth for 2025. But uncertainty about pending Trump policies looms over the global economic trajectory.

Medicare to Negotiate Lower Prices for Weight-Loss Drugs

Jan 17, 2025

Medicare to Negotiate Lower Prices for Weight-Loss Drugs

The government is expected to pay lower prices for Ozempic and Wegovy starting in 2027. The Trump administration will decide whether to expand coverage for millions of Americans.

E.U. Expands Investigation of Musk’s X Over Illicit Content

Jan 17, 2025

E.U. Expands Investigation of Musk’s X Over Illicit Content

The probe is a test of the European Union’s willingness to go after X’s owner, Elon Musk, whose geopolitical influence has grown because of his ties to the incoming Trump administration.

Musk and Zuckerberg Reflect New Blows Against D.E.I. Policies

Jan 17, 2025

Musk and Zuckerberg Reflect New Blows Against D.E.I. Policies

Corporate policies concerning diversity, equity and inclusion, already under pressure from conservatives, are facing greater threats from allies of the president-elect.

Mortgage rules could be eased to boost loans

Jan 17, 2025

Mortgage rules could be eased to boost loans

The £100 limit on contactless cards could also be scrapped, as regulators respond to the prime minister's plea.

What Did Trump’s Tax Cuts Do?

Jan 17, 2025

What Did Trump’s Tax Cuts Do?

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.

Apple suspends error-strewn AI generated news alerts

Jan 17, 2025

Apple suspends error-strewn AI generated news alerts

The tech giant was facing pressure to pull the feature after it made repeated mistakes summarising headlines.

Chart of the Day: Key takeaways from China's 2024 economic figures

Jan 17, 2025

Chart of the Day: Key takeaways from China's 2024 economic figures

Chart of the Day: Key takeaways from China's 2024 economic figures

China real estate market recovers, policy adjustments deliver results

Jan 17, 2025

China real estate market recovers, policy adjustments deliver results

In 2024, China's real estate market gradually showed signs of recovery.

Facing a Flurry of U.S. Sanctions, China Prepares to Hit Back

Jan 17, 2025

Facing a Flurry of U.S. Sanctions, China Prepares to Hit Back

With days until Donald Trump is sworn in, China is bracing for a trade war, aiming at industries as diverse as semiconductors, apparel and industrial plastic.

What to Know About Plane Maintenance After the South Korean Crash

Jan 17, 2025

What to Know About Plane Maintenance After the South Korean Crash

Airlines have been increasingly outsourcing repair and upkeep work to other countries, but experts and consumer groups disagree about its impact on safety.

Dan Campbell Helps Detroit Army Become an Unofficial Uniform for Lions Fans

Jan 17, 2025

Dan Campbell Helps Detroit Army Become an Unofficial Uniform for Lions Fans

With support from Dan Campbell, the Lions’ wildly popular head coach, Detroit Army’s apparel has emerged as an unlikely alternative to the team’s licensed gear.

China’s Population Declines for 3rd Straight Year

Jan 17, 2025

China’s Population Declines for 3rd Straight Year

The fall came despite a slight rise in births last year, the first increase since 2016. State efforts to cajole women to have children have met resistance.

Reeves says she won't let critics get her down

Jan 17, 2025

Reeves says she won't let critics get her down

The chancellor tells the BBC she has got "what it takes" following a bumpy week for the UK economy.

Next boss warns first jobs could become harder to find

Jan 17, 2025

Next boss warns first jobs could become harder to find

Job prospects for younger workers are likely to be hit by Budget measures, Lord Wolfson tells the BBC.

Spain Overhauls Domestic Violence System After Criticism

Jan 17, 2025

Spain Overhauls Domestic Violence System After Criticism

Spain uses an algorithm to score how likely a domestic violence victim is to be abused again. A Times investigation last year identified flaws in the system.

Spain Overhauls Domestic Violence System After Criticism

Jan 17, 2025

Spain Overhauls Domestic Violence System After Criticism

Spain uses an algorithm to score how likely a domestic violence victim is to be abused again. A Times investigation last year identified flaws in the system.

Toyota unit to settle emissions scandal for $1.6bn

Jan 17, 2025

Toyota unit to settle emissions scandal for $1.6bn

The truck company will also be banned from importing its diesel engines into the US for five years.

Justin Baldoni Sues Blake Lively and Ryan Reynolds for Defamation

Jan 17, 2025

Justin Baldoni Sues Blake Lively and Ryan Reynolds for Defamation

The lawsuit is the latest legal action in a feud tied to the 2024 film “It Ends With Us,” which starred Ms. Lively and Mr. Baldoni, who also directed the film.

Three reasons Trump tariffs aren't China's only problem

Jan 17, 2025

Three reasons Trump tariffs aren't China's only problem

China's economy has hit the government's 5% growth target for 2024 in the face of multiple challenges.

China Says Economy Grew 5% Last Year, Driven by Exports

Jan 17, 2025

China Says Economy Grew 5% Last Year, Driven by Exports

Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.

Africa welcomes first lighthouse factory operated by Chinese company

Jan 17, 2025

Africa welcomes first lighthouse factory operated by Chinese company

Africa welcomes first lighthouse factory operated by Chinese company

China's GDP expands 5% in 2024, meeting annual target

Jan 17, 2025

China's GDP expands 5% in 2024, meeting annual target

China's gross domestic product (GDP) grew 5 percent year on year in 2024, meeting the annual target of around 5 percent, according to official data released on Friday.

Graphics: China's silver economy grows amid global aging trend

Jan 17, 2025

Graphics: China's silver economy grows amid global aging trend

As the global population ages, China's silver economy is emerging as a key player in the global market.

Mark Carney, the 'unreliable boyfriend' who ran UK's central bank

Jan 17, 2025

Mark Carney, the 'unreliable boyfriend' who ran UK's central bank

Carney is now running for the Liberal Party leadership in Canada. What does his time in London tell us?

The US farm workers coming from Guatemala - on a legal visa

Jan 17, 2025

The US farm workers coming from Guatemala - on a legal visa

Trump will target undocumented migrants but it is unclear if legal visas like the H-2A will survive.

How AI can spot diseases that doctors aren't looking for

Jan 17, 2025

How AI can spot diseases that doctors aren't looking for

AI can take a second look at medical scans and flag up potential problems that doctors might not see.

Surprise mobile mid-contract price rises banned

Jan 17, 2025

Surprise mobile mid-contract price rises banned

It comes after customers complained of not being able to plan for price rises.

F.T.C. Sues Greystar, Largest U.S. Apartment Landlord, Over Hidden Fees

Jan 16, 2025

F.T.C. Sues Greystar, Largest U.S. Apartment Landlord, Over Hidden Fees

The antitrust and consumer protection agency accused Greystar Real Estate Partners of deceptive pricing, charging tenants millions of dollars in unadvertised fees.

Southwest Pilot Is Removed From Flight and Charged With D.U.I.

Jan 16, 2025

Southwest Pilot Is Removed From Flight and Charged With D.U.I.

The pilot, David Paul Allsop, was taken off a flight to Chicago at the airport in Savannah, Ga., on Wednesday, officials said.

Mark Carney runs for leader of Canada's Liberal Party

Jan 16, 2025

Mark Carney runs for leader of Canada's Liberal Party

The former central banker for the UK and Canada pitched himself as a someone who can help a country navigate economic challenges.

Trump Is Said to Consider Executive Order to Circumvent TikTok Ban

Jan 16, 2025

Trump Is Said to Consider Executive Order to Circumvent TikTok Ban

The move is under discussion as the Chinese-owned app faces a Sunday deadline to find a new buyer or shut down in the United States.

Trump Taps Mel Gibson, Sylvester Stallone and Jon Voight as Hollywood ‘Ambassadors’

Jan 16, 2025

Trump Taps Mel Gibson, Sylvester Stallone and Jon Voight as Hollywood ‘Ambassadors’

The president-elect said the actors would be his “eyes and ears” with the goal of helping the entertainment industry, which he said had lost business to foreign countries.

UnitedHealth’s Revenues Rise, in First Earnings Report Since CEO’s Killing

Jan 16, 2025

UnitedHealth’s Revenues Rise, in First Earnings Report Since CEO’s Killing

But high medical costs contributed to results that disappointed Wall Street, and the company’s stock fell on the news that it had made less than analysts expected.

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