A freight truck carrying lumber crosses the border from Canada to the US. REUTERS/Brendan McDermid
Tariffs and trade
President Donald Trump suspended tariffs of 25% he had imposed this week on most goods from Canada and Mexico, the two largest US trading partners.
Federal Reserve Correspondent Howard Schneider joins the Reuters World News podcast with insights on the impact of this latest twist in Trump's fluctuating trade policy.
The United States is planning to charge fees for docking at US ports on any ship that is part of a fleet that includes Chinese-built or Chinese-flagged vessels and will push allies to act similarly or face retaliation, a draft executive order stated.
Beijing will "resolutely counter" US pressure on tariffs and the fentanyl issue, China's foreign minister said, adding that major powers "should not bully the weak", in a veiled swipe at the Trump administration.
In other news
European leaders backed plans to spend more on defense and continue to stand by Ukraine in a world upended by Donald Trump's reversal of US policies.
Trump told his cabinet members that they, not Elon Musk, have the final say on staffing and policy at their agencies. The meeting was convened following complaints about DOGE's blunt-force approach from agency heads and top White House officials.
A South Korean court cancelled impeached President Yoon Suk Yeol's arrest warrant, paving the way for his release from jail following his arrest in mid-January on insurrection charges over a brief imposition of martial law.
Australia ordered thousands of people in its eastern regions to evacuate before Tropical Cyclone Alfred hits land, as the storm brought heavy rain, huge waves and strong winds that cut off power, swamped beaches and shut airports.
The discovery of an unexploded bomb dating back to World War Two severely disrupted traffic to and from Paris' bustling Gare du Nord, the world's third-busiest train station.
Business & Markets
Stocks in Europe and Asia slipped, with investors still edgy at the end of a week marked by confusion over US trade policy and a global rise in borrowing costs, although a steep selloff in bonds abated.
The European Central Bank cut interest rates for the sixth time since June in a nod to slowing inflation and faltering growth, and kept the door ajar to more cuts.
The cryptocurrency industry elite are set to meet with Trump at the White House today to discuss how the government will enact the president's vision of making the country the "crypto capital of the world."
Global coffee traders and roasters say they have slashed their purchases to minimal levels, as the industry reels from a steep surge in prices that suppliers have yet to convince retail stores to accept.
Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, closing out nearly a century of trading on public markets for the US pharmacy giant.
The Week Ahead
Global growth concerns have shot back onto the markets' radar as weakening US data and growing trade tensions hurt consumer confidence and business activity.
Ukrainian President Volodymyr Zelenskiy will travel to Saudi Arabia on Monday for a meeting with Saudi Crown Prince Mohammed Bin Salman ahead of talks later in the week with US officials.
Greenland goes to the polls on Tuesday, in an election centered primarily on the island's independence aspirations in light of Trump's interest.
Large swaths of the US government would be forced to stop operating at midnight next Friday if Congress does not pass detailed spending legislation that would keep agencies running.
SpaceX's Starship explodes
Debris is seen in the sky in the Bahamas. @_ericloosen_/via REUTERS
SpaceX's massive Starship spacecraft exploded in space minutes after lifting off from Texas, in the second straight failure this year for Elon Musk's Mars rocket program.
Fiery debris streaked through the dusk skies near south Florida and the Bahamas after Starship broke up shortly after it began to spin uncontrollably with its engines cut off.
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