WASHINGTON, Jan 7 (Reuters) – President Donald Trump said on Wednesday the 2027 U.S. military budget should be $1.5 trillion, significantly higher than the $901 billion approved by Congress for 2026, boosting defense stocks, but sparking skepticism among budget experts. Any such increase in the military budget would require congressional authorization, which could pose a challenge, although Trump’s Republicans, who hold slim majorities in both the Senate and House of Representatives, have shown little appetite for objecting to Trump’s spending plans. rump said in a Truth Social post that he…
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A U.S. immigration agent shot and killed a 37-year-old woman in her car in Minneapolis on Wednesday during an immigration enforcement surge, according to local and federal officials, the latest violence in President Donald Trump’s nationwide crackdown on migrants. Minneapolis Mayor Jacob Frey adamantly rejected the Trump administration’s assertion that the agent fired in self-defense, saying video of the shooting directly contradicted what he called the government’s “garbage narrative.” “They’re already trying to spin this as an action of self-defense,” a visibly angry Frey said at a press conference. “Having…
PARIS/BERLIN, Jan 8 (Reuters) – Allies including France and Germany are working closely on a plan on how to respond should the United States act on its threat to take over Greenland, as Europe seeks to address U.S. President Donald Trump’s ambitions in the region. A U.S. military seizure of Greenland from a longtime ally, Denmark, would send shock waves through the NATO alliance and deepen the divide between Trump and European leaders. French Foreign Minister Jean-Noel Barrot said the subject would be raised at a meeting with the foreign…
The Swiss government has frozen any assets held in Switzerland by Nicolas Maduro and people close to the Venezuelan president. The order is to ensure that potentially illegally acquired assets cannot be transferred out of Switzerland, the government said in a statement on Monday. The freeze comes into force with immediate effect and will remain valid for four years, until further notice. A total of 37 people are currently affected by the freeze, the Swiss Foreign Ministry said in an emailed reply to questions. It declined to given any indication…
HAIKOU — China’s largest offshore gas field, named Deep Sea No 1, has recently completed its 100th shipment of crude oil since being put into production, announced the China National Offshore Oil Corporation (CNOOC) on Friday. The field’s total oil and gas output in 2025 exceeded 4.5 million tons of oil equivalent, comparable to that of a medium-sized onshore oilfield. The project was implemented in two phases, with production commencing in 2021 and 2025, respectively. The second phase of the project represents the country’s most challenging deepwater gas development to…
Looking back at a year of rapidly changing international dynamics, the interactions between China and the US in the economic and trade sphere have consistently drawn global attention. From “conflict” to “dialogue,” and from a seemingly insurmountable impasse to a return to an equal dialogue and negotiation track, the fluctuations in US-China economic and trade relations offer rich insights into how these two major economies can effectively manage their relationship and accurately grasp the trends of the times. International relations have never been smooth sailing. It requires wisdom and responsibility…
Since Bitcoin (BTC) printed its all-time high on Oct. 6, a wide range of price forecasts has emerged. While some projections have called for a move as high as $200,000, others have argued that the rally may already be over, with $126,198 representing the cycle peak. As the New Year approaches, attention has increasingly shifted toward longer-term outlooks, including Bitcoin 2026 price prediction. In this analysis, CCN examines the perspective of Farzam Ehsani, co-founder and CEO of crypto exchange VALR. We also examine on-chain and technical indicators that may help…
Pavel Durov is a Russian-born billionaire whose interests include doing half-naked photoshoots with baby goats and having lots and lots of (human) kids. The 40-year-old billionaire founder and CEO of the messaging app Telegram revealed last year– in a post on his own app – that while he isn’t married and prefers to live alone, he has over 100 biological children in 12 countries via sperm donation. Durov’s reproductive choices made headlines again this week after the tech tycoon told the French political magazine Le Point that he is going…