Author: Press Room

Washington — President Trump heads to China Tuesday for a highly anticipated summit with Chinese President Xi Jinping, following through with a meeting Mr. Trump delayed due to the war with Iran. Trade will be a major topic for the two leaders, but the tenuous situation in Iran and supply chain bottleneck in the Persian Gulf will be inescapable topics. The president said Monday they’ll also discuss energy and Taiwan. Xi is looking to bring Taiwan fully back under Beijing’s control without intervention from the United States. Mr. Trump spoke highly of Xi ahead of their meeting. “He’s a great gentleman. I find…

All workers will get a $250 tax cut from as part of the federal budget, funded by a raid on investment properties, trusts and other investments.In a budget framed around inequity between older and younger Australians, the war in the Middle East and the nation’s lagging productivity, the government has outlined plans to overhaul the tax system and flagged the potential for extra tax cuts in coming years.”This will help rebalance a system which is more generous to assets than it is to labour, and help rebalance a system where house prices have decoupled from incomes,” Treasurer Jim Chalmers told…

SEOUL: South Korea’s appeals court on Tuesday (May 12) increased the ex-interior minister’s prison sentence from seven to nine years over his role in the 2024 martial law crisis, ruling the original term was too lenient.The country’s ex-President Yoon Suk Yeol’s decree briefly suspended civilian rule and plunged South Korea into chaos, but only lasted around six hours as opposition lawmakers moved quickly to overturn it in a vote.A lower court sentenced former Interior Minister Lee Sang-min in February to seven years behind bars, but he and the prosecution appealed the term to the Seoul High Court. The appeals court said…

China-focused investors are increasingly looking beyond trade tensions ahead of a meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing, with market attention now centred on artificial intelligence growth and potential changes to US chip export restrictions.The shift marks a sharp contrast from previous years, when Chinese asset prices moved aggressively on tariff and trade headlines.The change in sentiment has been reflected most clearly in the yuan, which has steadily strengthened over the past year and recently reached a three-year high.Although investors acknowledge that difficult issues such as the US-Israeli conflict with Iran, Taiwan, rare earths,…

new video loaded: Trump Previews Issues He Plans to Raise With XitranscriptBacktranscriptTrump Previews Issues He Plans to Raise With XiPresident Trump said he expected to speak to the Chinese leader, Xi Jinping, about a range of issues at a summit in Beijing, from the war in Iran to Jimmy Lai, an imprisoned Hong Kong media mogul.“I have a great relationship with President Xi. A discussion will be a little bit about energy and about the very beautiful country of Iran.” [Reporter] “Do you think we should still be selling them weapons?” “President Xi would like us not to, and I’ll…

Check out the companies making headlines after the bell : Hims & Hers Health — Shares dropped more than 12% after the telehealth company guided for adjusted EBITDA in the second quarter between $35 million and $55 million. Analysts polled by LSEG were expecting $70 million. Aecom — The infrastructure consulting stock added 1% after Aecom raised its full-year adjusted earnings guidance to between $5.90 and $6.10 per share, higher than previous estimates of between $5.85 and $6.05 per share. The company also posted a second-quarter adjusted earnings and revenue beat, per FactSet estimates. Archer Aviation — The aircraft stock…

NEWYou can now listen to Fox News articles! Democrats in the Michigan House have proposed a package of bills that aim to legalize medically assisted suicide for certain terminally ill adults.The package, which would create a Death with Dignity Act, would allow certain terminally ill adults with six months or less to live to request and receive medication to end their own life.As part of the package, patients would need to make multiple requests, both in written and oral form, and must wait at least 15 days between requests. They must also receive an evaluation from two doctors, potentially receive…

Forrestania Resources has officially bolstered its West Australian gold arsenal after completing the acquisition of the Hyden gold project, 120 kilometres south of Southern Cross near the wheatbelt town of Hyden.The deal has now catapulted the company’s total resource inventory to a massive 23,082,000 tonnes grading 1.22 grams per tonne (g/t) gold for a hefty 907,000 ounces of gold.Hyden adds a significant 297,500 ounces of gold to the company’s books, placing Forrestania within striking distance of the elusive million-ounce club as it accelerates its transition from explorer to producer.Forrestania is paying $15.2 million for the project in a staged deal…

NEWYou can now listen to Fox News articles! Earlier this week, Draymond Green made headlines by criticizing the twilight of Charles Barkley’s Hall of Fame career.Appearing in studio during Wednesday’s edition of “Inside the NBA,” Green pointed to Barkley’s four-year stint with the Houston Rockets.”I think the goal is just to not look like you in the Houston Rockets uniform,” a follow-up to Barkley’s suggestion that the Golden State Warriors — Green’s team — are well past their championship window. Days later, as controversy mounted, Green clarified his remarks about Barkley.”The reason that I would even say that is what…

JOHOR BAHRU: Three people were detained in Johor on Monday (May 11) to assist with investigations into the fatal shooting of a man outside an entertainment centre in Skudai.The 27-year-old victim, who worked at a warehouse in Singapore, was shot dead last Saturday night in Taman Industri Jaya. His nationality was not mentioned in reports.Another 27-year-old man, who was the victim’s friend, was also shot and injured in the incident, local media reported. Two Malaysian men and a woman aged 26 to 29 have been held, according to Johor police chief Hoo Chuan Huat. “They have been detained to assist in the investigation…