News

U.S. stock markets declined this week due to escalating trade tensions and inflation concerns, with the S&P 500 falling 2%, the Dow Jones Industrial Average dropping 1.7%, and the Nasdaq Composite decreasing by 2.7%. President Trump's announcement of a 25% tariff on imported automobiles and parts contributed to market volatility, particularly impacting automotive stocks.

President Donald Trump signed an executive order establishing the "D.C. Safe and Beautiful Task Force" to address crime, improve public safety, and enhance the city's cleanliness and aesthetics. The task force will involve collaboration between federal and local agencies, focusing on law enforcement, immigration enforcement, and beautification projects.

Hungary's Prime Minister Viktor Orban has drawn criticism for his close ties with Russia and China, as well as his authoritarian tendencies. However, the emergence of opposition leader Peter Magyar and his "Tisza" party could potentially shift Hungary's political landscape and its relationship with the EU.

The 7.7-magnitude earthquake in Myanmar has claimed over 1,640 lives, with international aid beginning to arrive despite challenges posed by damaged infrastructure, power outages, and the ongoing civil war. Meanwhile, in Thailand, rescue efforts continue for the 96 people missing after a building collapse, adding to the tragedy.

Asian markets surged on Monday, following a strong rally in US stocks and positive economic data from China. The positive sentiment was attributed to several factors, including stronger-than-expected earnings reports, gains for Big Tech stocks, and progress in the Senate to prevent a government shutdown.