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Japan’s Honda projects plummeting profits due to Trump’s tariffs

Honda has reported its profit for the fiscal year through March slipped 24.5% from the previous year as its vehicle sales in China dropped…

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China presents a united front with Latin America, aiming to counter Trump’s trade war

TAIPEI, Taiwan — China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders a day after China and the U.S. agreed to a 90-day truce in their tariffs stalemate.China’s leaders have positioned the world’s second-largest economy as a…

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Software update keeps Newark airport radar online

A new software update prevented a third radar outage in the last two weeks at New Jersey’s busy Newark airport when a telecommunications line failed again over the weekend, Transportation Secretary Sean Duffy said Monday.At a news conference, Duffy also said the recent problems that have led to hundreds of cancellations and delays in Newark…

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US businesses that rely on Chinese imports express relief, anxiety over tariff pause

NEW YORK — American businesses that rely on Chinese goods reacted with muted relief Monday after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days.Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. Many businesses…

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Pharmaceutical industry criticizes the drug pricing plan Trump says he’ll sign

WASHINGTON — President Donald Trump’s plan to change the pricing model for some medications is already facing fierce criticism from the pharmaceutical industry before he’s even signed the executive order set for Monday that, if implemented, could lower the cost of some drugs. Trump has promised that his plan — which is likely to tie…

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House Republicans unveil Medicaid cuts that Democrats warn will leave millions without care

WASHINGTON — House Republicans unveiled the cost-saving centerpiece of President Donald Trump’s “ big, beautiful bill ” late Sunday, at least $880 billion in cuts largely to Medicaid to help cover the cost of $4.5 trillion in tax breaks.Tallying hundreds of pages, the legislation is touching off the biggest political fight over health care since…

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Asian shares advance as details awaited on progress in China-US trade talks

HONG KONG — Asian shares advanced Monday after two days of trade talks between China and the U.S. made what the U.S. side said was “ substantial progress.” U.S. futures and oil prices advanced. Officials said a joint statement would be issued later Monday following the trade talks in Geneva over the weekend. Investors are…

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Puerto Rico seeks to lure manufacturing to boost its economy as Trump’s tariff war deepens

SAN JUAN, Puerto Rico — A global trade war is offering Puerto Rico hope as the U.S. territory attempts to strengthen its fragile economy.Government officials are jumping on planes to try and convince international companies to relocate their manufacturing plants to the island, where they would be exempt from tariffs.Any relocation would be a boost…

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Transportation Secretary Sean Duffy plans to reduce flight capacity at Newark airport

Transportation Secretary Sean Duffy plans to reduce the number of flights in and out of the Newark Liberty International Airport for the “next several weeks,” as New Jersey’s largest airport struggles with radar outages and numerous flight delays and cancellations due to a shortage of air traffic controllers.Speaking on NBC’s “Meet the Press,” Duffy said…

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Saudi oil giant Aramco announces first-quarter profits of $26Bn, down 4.6% from 2024

DUBAI, United Arab Emirates — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices undermine the kingdom’s multi-trillion-dollar development plans. Aramco, formally known as the Saudi Arabian Oil Co., had revenues of $108.1 billion over the quarter, the company…

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