Nigeria’s 91-year-old Nobel laureate says his visa was revoked after criticizing Trump

In a significant diplomatic moment, President Trump praised his recent face-to-face meeting with Chinese President Xi Jinping, marking their first direct interaction in six years. While the meeting was described as 'amazing,' no formal trade deal was reached, leaving many to wonder about the future of US-China relations. This encounter is crucial as both nations navigate complex economic ties and ongoing trade tensions.

In a surprising turn of events, former President Donald Trump did not address Nvidia's Blackwell chip during his recent discussions with Chinese President Xi Jinping, despite widespread expectations. This omission raises questions about the future of U.S.-China relations in the tech sector, particularly as both nations navigate complex issues surrounding technology and trade. The Blackwell chip is significant for its potential impact on AI and computing, making this conversation particularly relevant for industry stakeholders.

The recent meeting between Trump and Xi has left many investors feeling underwhelmed, as expectations for significant breakthroughs were not met. This is important because the relationship between the U.S. and China plays a crucial role in global economic stability, and any perceived lack of progress can impact market confidence and investment strategies.

Oil prices have seen a decline following the Federal Reserve's recent decision and the anticipated meeting between Trump and Xi. This shift in prices is significant as it reflects the ongoing economic dynamics and geopolitical tensions that can influence global markets. Investors are closely monitoring OPEC+ for any potential changes in production strategies that could further impact oil supply and prices.

Volkswagen, Europe's largest carmaker, has issued a stark warning about a potential €5 billion hit due to tariffs, marking its first loss since the onset of the Covid pandemic. This situation highlights the ongoing challenges faced by the automotive industry, particularly as it grapples with the repercussions of trade tensions initiated during Trump's administration. The implications of these tariffs could ripple through the economy, affecting not just the company but also consumers and the broader market.

In a significant diplomatic breakthrough, the leaders of the US and China have agreed to a one-year trade truce following talks between Trump and Xi at a summit in South Korea. This agreement postpones export restrictions on critical materials like rare earths and semiconductors, which are vital for various industries. This truce not only eases tensions between the two economic giants but also provides a much-needed stability in global markets, benefiting businesses and consumers alike.

Japanese automakers are considering importing some of their own cars built in the U.S. This move appears to be a strategic response to the current political climate and trade discussions, particularly in relation to former President Trump's policies. By doing so, these companies aim to navigate potential tariffs and trade barriers while maintaining their market presence in the U.S. This development is significant as it reflects the ongoing complexities of international trade and the automotive industry.

Stocks have dipped as investors weigh the implications of a potential deal between Trump and Xi, while a cautious stance from the Bank of Japan has put additional pressure on the yen. This situation is significant as it reflects ongoing uncertainties in global trade relations and monetary policy, which can impact market stability and investor confidence.

The media regulator has expressed disappointment over O2's unexpected price increase, which exceeded what was advertised when customers signed their contracts. This situation raises concerns about transparency in pricing and customer trust, highlighting the importance of clear communication from service providers.

Billie Eilish made headlines at the WSJ Awards by challenging billionaires to reconsider their wealth, asking, 'Why are you a billionaire? Give it away.' Her bold statement resonates in today's climate where wealth inequality is a pressing issue. Eilish's call to action encourages a conversation about philanthropy and social responsibility, inspiring others to think about how they can contribute to society.

The European Central Bank's decision to keep policy rates unchanged has resulted in minimal movement in Eurozone government bond yields. This stability indicates that the ECB is maintaining its current monetary policy stance, which is significant for investors and the broader economy as it reflects confidence in the ongoing economic recovery.

The FTSE 100's winning streak has come to an end as WPP shares plummet to their lowest level since 1998, dropping about 14.5%. This decline raises concerns about potential job losses under the new leadership of Cindy Rose, who is conducting a strategic review to tackle the company's poor performance. This situation is significant as it reflects broader challenges in the advertising sector and could impact investor confidence and employment in the industry.

The latest surge in AI spending by major tech companies like Meta, Microsoft, and Google, which reached over $78 billion last quarter, is raising concerns on Wall Street. Investors are becoming increasingly anxious as these companies signal even higher expenditures in the future. This trend highlights the intense competition in the AI sector and the potential risks involved, making it a critical moment for both investors and the tech industry.

Japan's finance minister has clarified her previous comments regarding the yen, emphasizing a more cautious approach to currency valuation. This shift is significant as it reflects the government's intent to stabilize the yen amidst fluctuating global markets, which can impact trade and economic growth. Understanding these changes is crucial for investors and businesses operating in or with Japan.