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Tag: Political/General News

  • Hurricane Melissa Barrels Down on Jamaica as Category 5 Storm

    Hurricane Melissa has strengthened to a Category 5 storm and is expected to produce catastrophic floods and heavy infrastructure damage in Jamaica.

    Flash floods are projected to sweep through Jamaica on Monday and into Tuesday, with parts of the island expected to receive as much as 40 inches of rain, according to the National Hurricane Center. The weather service is advising people to avoid leaving safe shelters during the storm, which has sustained winds of 160 miles an hour.

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    Joseph De Avila

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  • Argentina’s Bonds, Stocks, Currency Rally After Milei Victory

    Argentina’s stocks, bonds and currency surged Monday after the country’s midterm elections delivered a surprising mandate for President Javier Milei to press ahead with his free-market economic overhauls.

    The Argentine peso rose around 9% against the U.S. dollar in midmorning trading, the most in more than two decades. A U.S. dollar-denominated government bond maturing in 2046 rose by 11 cents to trade at 66 cents on the dollar, according to Tradeweb data. Argentina’s benchmark stock index, the Merval, was up 17% as bank stocks soared.

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    Chelsey Dulaney

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  • Five Takeaways From Milei’s Surprising Victory in Argentina’s Election

    BUENOS AIRES—The surprisingly decisive victory of Argentina’s President Javier Milei in midterm elections Sunday lays the ground for a $40 billion U.S. bailout and gives fresh momentum to one of the most radical free-market overhauls in the nation’s history.

    In an election widely seen as a referendum on Milei’s past two years in office, his Freedom Advances party won some 41% of the national vote, more than doubling its representation in Congress. The leftist Peronist opposition, a political force for much of the past 80 years, got just 32%.

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    Samantha Pearson

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  • Japan Woos Trump With a Royal Welcome

    TOKYO—The British aren’t the only ones who can sprinkle a little royal stardust when President Trump comes to town.

    As Trump pays a visit to Tokyo this week, his Japanese hosts are counting on some face time with the emperor to set a positive tone—even if the reception fell short on pomp.

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    Jason Douglas

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  • America’s Hottest New Investment: Rare-Earth Companies

    A cascade of billion-dollar deals is reshaping the once-dormant Western critical-minerals industry, which the U.S. and its allies hope will act as a bulwark against aggressive trade practices by China.

    Since China began restricting exports of rare earths in April—causing auto factories to halt production and rare-earth prices to shoot up—a wave of private and government funding has flowed into rare-earth companies. They now have money to hire technical experts, expand plants and make strategic acquisitions as they race to build out a non-Chinese supply of materials required in high-tech manufacturing.

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    Jon Emont

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  • These 5 tech stocks could let you play earnings season like a pro

    These 5 tech stocks could let you play earnings season like a pro

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  • Two U.S. Navy Aircraft From Same Carrier Crash Into South China Sea

    KUALA LUMPUR, Malaysia—A U.S. military helicopter and a jet fighter from the same aircraft carrier crashed into the South China Sea within 30 minutes of each other on Sunday.

    The two aircraft’s five crew members were rescued and are in stable condition, the U.S. Pacific Fleet said on X. Both aircraft had taken off from the USS Nimitz, America’s oldest aircraft carrier that is returning to its home base on the U.S. West Coast for decommissioning scheduled for next year.

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    Gabriele Steinhauser

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  • Milei Wins Mandate for Free-Market Revolution in Argentina’s Election

    BUENOS AIRES—President Javier Milei scored a decisive political win Sunday, strengthening his position in Argentina’s Congress and securing a lifeline for his audacious free-market revolution backed by President Trump.

    With nearly 99% of votes counted, Milei’s Freedom Advances party won almost 41% of the national vote, more than doubling its representation in Congress. That means his party and allies secured at least one-third of the seats in both chambers—the critical threshold that allows Milei to preserve his veto power and defend his sweeping decrees.

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    [ad_2] Samantha Pearson
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  • The Effort to Court Trump Abroad: Deals, Flattery and Jet Fighters

    KUALA LUMPUR, Malaysia—World leaders have developed something of a blueprint for President Trump when he comes to visit: produce a lavish welcoming ceremony and launch a charm offensive in hopes of securing relief from U.S. tariffs and demands to spend more on defense.

    Recent overseas trips have involved escorting Air Force One with jet fighters during its final approach and lining red carpets with uniformed soldiers and traditional dancers. Upon Trump’s arrival, foreign hosts often exalt him for his role in reaching a significant trade or peace deal. There have been repeated pledges to nominate the president for the Nobel Peace Prize.

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    Alexander Ward

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  • Trump Reaches Trade Pacts With Southeast Asian Nations

    The Trump administration said it reached trade agreements with Malaysia and Cambodia, and frameworks for deals with Thailand and Vietnam during President Trump’s trip across Asia. The announcements, while not legally binding, represent significant progress in Trump’s quest to lower trade barriers for U.S. goods abroad.

    Here’s what to know:

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    Gavin Bade

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  • U.S., China Sound Confident Note After Trade Talks

    [ad_2] Hannah Miao
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  • Fear Grips a Caribbean Nation in the Shadow of U.S. Boat Strikes

    By

    Kejal Vyas

    / Photography by Christian Monterrosa for WSJ

    LAS CUEVAS, Trinidad and Tobago—Fear is rippling through this Caribbean island nation off the coast of Venezuela.

    Fishermen say they are staying home or sticking close to shore amid a massive buildup of American firepower in the region. Heading out into deeper water, where the fishing is better is too risky, they say, after the U.S. carried out at least 10 airstrikes on boats—allegedly carrying drugs—that have killed 43 people, some of them off the Trinidad coast.

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    Kejal Vyas

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  • With Sarkozy in Prison, France Asks: Has the Judiciary Gone Too Far?

    PARIS—French courts have delivered one shock ruling after another this year, testing the balance of power between the country’s fiercely independent judiciary and its political leadership.

    In March, a court banned far-right leader Marine Le Pen from running for office for five years after finding her guilty of embezzling European Union funds. Then, on Tuesday, conservative Nicolas Sarkozy became the first former president to see the inside of a prison cell, after judges sentenced him to five years for conspiring to obtain campaign funds from Libyan strongman Moammar Gadhafi.

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    Stacy Meichtry

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  • Inside the Warehouse in Israel Where the U.S. Is Overseeing Trump’s Peace Plan

    KIRYAT GAT, Israel—On the edge of a small city in southern Israel, a cavernous warehouse is being remade into the headquarters of President Trump’s Gaza peace plan.

    Two hundred U.S. troops working with Israel’s military and other partners have scrambled over the past week to build out a new Civil-Military Coordination Center. It will monitor the fragile cease-fire between Israel and Hamas and coordinate the flow of aid and security assistance to Gaza, which lies roughly 20 miles away.

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    [ad_2] Vera Bergengruen
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  • Trump Says He Will Raise Tariffs on Canada by 10% Over Ontario Ad

    The U.S. will impose an additional 10% tariff on Canada, President Trump said on Saturday, a punitive measure in response to an ad campaign that he said misrepresented comments by former President Ronald Reagan.

    “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” Trump posted on his Truth Social platform on Saturday.

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    Gavin Bade

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  • As Trump and Xi Get Set to Talk Trade, Asia Worries About Impact on Its Security

    President Trump put the world on notice in his first term that the U.S. was preparing for an era of intensified military and economic competition with Beijing.

    But as he left for his first trip to Asia since returning to the White House, striking a new trade deal with Chinese leader Xi Jinping has moved to the top of Trump’s agenda, spurring apprehensions among allies that the dealmaking might come at their expense.

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    [ad_2] Michael R. Gordon
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  • Trump Pitches Meeting With Kim Jong Un During Asia Tour: ‘Put Out the Word’

    Departing for his first Asia trip of his second term, President Trump publicly called for a meeting with a regional leader not on his diplomatic itinerary: North Korea’s Kim Jong Un.

    Trump, speaking to reporters on Air Force One en route to Malaysia, reiterated his openness to meeting Kim, asking the media to “put out the word.” Trump concludes his multi-stop trip to Asia in South Korea, where the president would be within roughly 250 miles from the Korean Demilitarized Zone—site of the two leaders’ last face-to-face encounter in 2019.

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    [ad_2] Timothy W. Martin
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  • Freed From Israeli Prisons, Gazans Pass From ‘One Hell Into Another’

    For more than 20 months during the two-year war in Gaza, Dr. Ahmad Mhanna was locked away in Israel’s prison network with thousands of other Palestinians taken from Gaza. When he returned to the enclave earlier this month as part of a prisoners-for-hostages exchange deal, he said he left one grim reality for another.

    “Life in Gaza, like prison, has been torturous, full of suffering and hunger,” Mhanna said. “In prison I hadn’t experienced feeling a full stomach in more than 600 days. I came to learn that my wife, who was in Gaza the whole time, hadn’t either.”

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    Omar Abdel-Baqui

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  • As Putin Digs In, a Long—and Different—War With Ukraine Looms

    Russia’s refusal of a cease-fire and an aborted peace summit in Budapest have raised the grim prospect that the war in Ukraine will rage for years to come—even as the nature of the conflict transforms.

    President Vladimir Putin remains convinced that Russia will eventually wear down its smaller neighbor, causing a collapse of the Ukrainian economy and society. An elusive victory would allow him to make the case that the devastating war he unleashed nearly four years ago was worth it, after all.

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    Yaroslav Trofimov

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  • Milei’s Overhaul of Argentina Has Another Problem: He Isn’t Great at Politics

    Argentine President Javier Milei’s problem heading into midterm elections Sunday isn’t just the pain caused by his radical free-market experiment. It is that, for all the force of his personality, he hasn’t mastered the art of politics.

    Milei has alienated so many important allies that, even though his Freedom Advances party is set to double its share of congressional seats, he might not win a big-enough coalition to govern, protect his veto or avoid impeachment.

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    Ryan Dubé

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