World
AI Summary
- Saudi Arabia's Public Investment Fund has established a presence in Shanghai, signaling a deepening of economic ties with China and a strategic expansion into the Asian market.
- The UN's Intergovernmental Panel on Climate Change has acknowledged that some of its previous 'doomsday' climate projections were likely unrealistic, prompting a re-evaluation of climate modeling and communication strategies.
- The U.S. trade court has ruled against the Trump administration's imposition of 10% global tariffs, suggesting a potential shift in trade policy and international economic relations.
- A significant cybersecurity incident has led to the disabling of the Canvas online learning platform, highlighting vulnerabilities in educational technology infrastructure and the ongoing threat of cyberattacks.
- The ongoing hantavirus outbreak on a cruise ship has prompted a global health response, with nations working to trace passengers and assess the risk of human-to-human transmission, though the WHO suggests it is unlikely to be the start of a pandemic.
ZeroHedge
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BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions
2 hours ago
by Tyler Durden
BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions Just another day in private credit paradise... er, hell. One day after Gundlach repeated his warning that the private credit crisis will end in tears for bagholders, Blackrock cut the value of its publicly-traded private credit fund by about 5%, as it - like most of its peers - struggled under the weight of troubled loans, markdowns and lower returns. BlackRock TCP Capital Corp., a publicly traded middle-market lending fund, said markdowns totaled $35 million in the quarter ended March 31, according to a statement on Thursday. Amusingly, and
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Court Strikes Down Trump's Replacement Tariffs; A Minor, Temporary Setback, With Sec 301 Tariffs Coming
2 hours ago
by Tyler Durden
Court Strikes Down Trump's Replacement Tariffs; A Minor, Temporary Setback, With Sec 301 Tariffs Coming After the close on Thursday, the Court of International Trade (CIT) ruled to invalidate Trump's latest set of universal 10% tariff imposed two months ago under Sec. 122. The administration will quickly appeal this decision before it takes effect May 12. If the case follows the same pattern as the challenge to the IEEPA tariffs last year, a higher court might soon stay this ruling and leave the tariffs in place pending a longer review. As the tariffs are due to expire July 24, even if the
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When Global Order Begins To Fracture
3 hours ago
by Tyler Durden
When Global Order Begins To Fracture Authored by Milan Adams via Preppgroup blog, There are moments in history when the world changes with noise — sirens, speeches, falling statues. And then there are moments when it changes so quietly that almost nobody realizes it is happening. We are living through the second kind. No formal announcement marked the transition. No historic summit collapsed on live television. No leader stepped forward to say: the old rules no longer apply. And yet, somewhere between the war in Ukraine, the tightening strategic alignment between Russia and China, and the silent expiration of the New START in February 2026, the global system that kept
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Pastor: U.S. Intel Warned Christian Leaders That Trump's "Alien Files" Release Could Shatter Beliefs
3 hours ago
by Tyler Durden
Pastor: U.S. Intel Warned Christian Leaders That Trump's "Alien Files" Release Could Shatter Beliefs Zero-Point energy? Hologram theory? Consciousness is actually remote controlling our bodies via quantum microtubules in our squishy brains? How about all those dead scientists? Whatever reality is, the steady drumbeat of UFO 'disclosures' now apparently includes religious leaders, who are being 'read in' on some plan for a 2027 disclosure. Maybe project Blue Beam is ready for prime time... Perry Stone, an influential pastor and author based in Tennessee, claimed that U.S. intelligence officials told Christian leaders to brace their congregations for the federal government’s imminent disclosures regarding extraterrestrial beings,
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Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen
3 hours ago
by Tyler Durden
Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen Via The Cradle Saudi Arabia’s Public Investment Fund (PIF) opened a second office in mainland China earlier this year, establishing a Shanghai branch to expand dealmaking and attract more Chinese investment into the kingdom, Bloomberg reports. The office was registered last year, falls under PIF’s Beijing branch, and is led by Lily Cong, a former chief representative of Fidelity International in China’s capital. Source: Britannica The Shanghai outpost was reportedly created to strengthen the $1 trillion fund’s ability to pursue outbound deals in China, while officials are also seeking to bring more Chinese companies into
The Guardian
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Two Britons evacuated from hantavirus-hit ship ‘improving’ in hospital
11 hours ago
by Caroline Davies and Geneva Abdul
Hantavirus, Infectious diseases, South Africa, Cruises, World Health Organization, Argentina, World news, UK news, Netherlands, Chile, Uruguay, Spain, Society, Health, Europe, Americas, Africa, ScienceMan, 69, is in intensive care in Johannesburg, while expedition guide Martin Anstee, 56, receiving care in Netherlands * What is hantavirus? Two Britons who were medically evacuated from the hantavirus-hit cruise ship are improving, global health officials have said. A British passenger, understood to be a 69-year-old man, was taken to South Africa on 27 April and is receiving care at a private health facility in Sandton, Johannesburg. Continue reading...
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Woman jailed in Somalia for peaceful protest ‘stripped, kicked and beaten’
21 hours ago
by Sarah Johnson and Mohamed Bulbul
Global development, Somalia, Human rights, Prisons, Activism, Torture, Africa, Middle East and north Africa, World newsIn an exclusive interview from prison, Sadia Moalim Ali, a 27-year-old rickshaw driver, tells of her treatment after being arrested for demonstrating against the government A woman being held in prison in Somalia for taking part in peaceful protests has described how she was tortured by her guards. Sadia Moalim Ali, 27, told the Guardian she was stripped naked by two male guards in a room monitored by CCTV, kicked, beaten with a baton and left for two days in a small cell without food. Continue reading...
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Three evacuated from hantavirus-hit ship as Spain says vessel can dock
a day ago
by Jamie Grierson
Hantavirus, Cape Verde, Spain, Water transport, World news, UK news, Africa, EuropeBritish guide Martin Anstee among those evacuated from MV Hondius, which is now heading for Canary Islands * Explainer: What is hantavirus? Three people with suspected hantavirus have been medically evacuated from a cruise ship. They include a British man who was an expedition guide onboard the ship, the MV Hondius. He was named on Wednesday evening as Martin Anstee, 56. Continue reading...
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British crew member in need of urgent medical care amid suspected hantavirus outbreak on cruise ship
3 days ago
by Ashifa Kassam and agencies
Water transport, Infectious diseases, Cape Verde, World news, Africa, South Africa, Netherlands, UK news, Travel & leisure, HantavirusWHO says seven confirmed or suspected cases of hantavirus on MV Hondius, including three passengers who died * What is hantavirus, the infection thought to have killed three on cruise ship? A British crew member was in need of urgent medical care and a passenger from the UK remained in a critical but stable condition following a suspected outbreak of hantavirus on a luxury cruise ship in the Atlantic Ocean. Three people have died and medics on Monday were scrambling to evacuate two others from the MV Hondius, which set off in March from southern Argentina carrying 149 people from 23 countries.
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Nigerian refinery accused of sacking union members is key to UK plan to tackle jet fuel shortage
4 days ago
by Daniel Boffey Chief reporter
Airline industry, Air transport, Nigeria, Unions, Heidi Alexander, UK news, Strait of Hormuz, Oil, Oil and gas companies, Politics, Africa, Commodities, Energy industry, Business, World newsHeidi Alexander says part of answer to strait of Hormuz crisis is importing more fuel from US and west Africa A refinery in Nigeria accused of dismissing workers for joining a union has emerged as key to the UK government’s hopes of saving the summer holiday amid a jet fuel shortage. Heidi Alexander, the transport secretary, said at the weekend that part of the answer to the strait of Hormuz crisis was to import more fuel from the US and west Africa. Continue reading...
South China Morning Post
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Shanghai’s changing expats, Hong Kong trail sign fallout: SCMP’s 7 highlights
2 hours ago
by SCMP
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. 2 former Chinese defence ministers handed suspended death sentences Two former Chinese defence ministers, Wei Fenghe and Li Shangfu, have received suspended death sentences after being found guilty of corruption, according to...
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Lula won’t sideline China or anyone in rare earths, tells Trump refining stays in Brazil
7 hours ago
by Igor Patrick
Brazilian President Luiz Inacio Lula da Silva told US President Donald Trump on Thursday that his country’s rare earth reserves are open to investment from China and any other nation willing to process the minerals on Brazilian soil, resisting pressure to side with Washington in its contest with Beijing over critical mineral supply chains. “We have no preference. What we want is to share with whoever wants to invest in Brazil,” Lula said at a press conference at the Brazilian embassy in...
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US and Iran exchange attacks around Strait of Hormuz, testing ceasefire
7 hours ago
by Reuters
The United States and Iran exchanged fire on Thursday in the most serious test yet of their month-long ceasefire, but Iran said the situation returned to normal while the US said it did not want to escalate. The renewed hostilities broke out as Washington was awaiting Iran’s response to a US proposal that would stop the fighting but leave the most contentious issues, such as Iran’s nuclear programme, unresolved for now. Iran’s military said the US targeted two ships entering the Strait of...
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Zelensky warns Russia’s allies against attending WWII parade as Moscow repeats threats
8 hours ago
by Agence France-Presse
Ukrainian President Volodymyr Zelensky on Thursday warned Russia’s allies against attending its May 9 World War II victory parade, as Moscow doubled down on its threat to strike Kyiv on the day. Moscow has unilaterally declared a ceasefire from May 8 to 10 in its war on Ukraine but the Russian army has urged residents to leave Kyiv in case of a potential retaliatory strike on the day. “We have also received messages from some states close to Russia, saying that their representatives plan to be...
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White House inviting Nvidia, Apple, Boeing CEOs on Trump’s China trip, report says
8 hours ago
by Reuters
The Trump administration is inviting CEOs from Nvidia, Apple, Exxon, Boeing and other big companies to accompany the president on his trip to China next week, Semafor reported on Thursday. Executives from Qualcomm, Blackstone, Citigroup and Visa are also on the invitation list, according to the report. A person familiar with the matter confirmed that Citigroup CEO Jane Fraser was invited. Qualcomm confirmed the invitation but declined to comment further. Reuters was not able to confirm the...
New York Times
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China Sees a ‘Giant With a Limp’ as U.S. Drains Weapons on Iran War
an hour ago
by David Pierson and Berry Wang
US and Israeli Attack on Iran (2026), International Relations, Defense and Military Forces, Communist Party of China, Defense Department, Center for Strategic and International Studies, People's Liberation Army (China), State Department, Greer, Jamieson L, Hegseth, Pete, Hu Xijin, Rubio, Marco, Trump, Donald J, Wang Yi, Xi Jinping, China, Far East, South and Southeast Asia and Pacific Areas, IranAmerica’s ability to deter China in a war over Taiwan is weakened, Chinese analysts say, giving Beijing leverage in an upcoming summit with President Trump.
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Trump Reversed Hormuz Plan After Saudis Denied Airspace Access
6 hours ago
by Michael Crowley, Eric Schmitt and Vivian Nereim
US and Israeli Attack on Iran (2026), United States International Relations, Peace Process, United States Defense and Military Forces, Ships and Shipping, Mohammed bin Salman (1985- ), Trump, Donald J, Iran, Saudi Arabia, Strait of HormuzSaudi Arabia’s refusal of support suggests that President Trump’s unpredictable approach to Iran has strained ties with one of his closest allies in the Middle East.
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How Energy Prices Are Driving Demand for Solar Panels and Heat Pumps
2 hours ago
by Eshe Nelson
Great Britain, Austria, Solar Energy, Heating, Trump, Donald J, von der Leyen, Ursula, US and Israeli Attack on Iran (2026), Prices (Fares, Fees and Rates), Russian Invasion of Ukraine (2022), E.ON AG, European CommissionAlready having faced an energy crisis five years ago, more European consumers believe they are “one Trump-ignited war away” from crushing costs.
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Trade Court Rules Trump’s 10% Global Tariff Is Illegal
6 hours ago
by Tony Romm and Ana Swanson
United States Politics and Government, International Trade and World Market, Customs (Tariff), Federal Courts (US), Supreme Court (US), Court of International Trade, Trump, Donald J, United StatesA panel of federal judges found that President Trump could not legally impose the tariff on most imports.
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U.S. Debt Hits a Concerning Milestone, and Experts Say Trump’s Policies Could Worsen It
12 hours ago
by Tony Romm
United States Politics and Government, Federal Budget (US), Budgets and Budgeting, US and Israeli Attack on Iran (2026), United States Economy, Government Bonds, Congressional Budget Office, Republican Party, Trump, Donald J, Credit and Debt, Tax Cuts and Jobs Act (2017), Two Thousand Twenty SixThe debt is outgrowing the size of America’s economy. The president’s policies could accelerate the country’s fiscal headaches, experts say, unless policymakers intervene.