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A BYD model is displayed at the Auto China 2024 in Beijing.

US set to impose 100pc tariffs on Chinese EVs

The move expected this week marks the latest effort by the Biden administration to protect America’s domestic industry from cheap competition.

  • Updated
  • Alan Rappeport and Jim Tankersley
Citadel founder Ken Griffin is backing Florida Governor Ron DeSantis.

Ken Griffin urges Harvard University to embrace ‘Western values’

The hedge fund founder who has given his alma mater more than $US500 million has slammed the pro-Palestinian protests sweeping colleges as “almost like performative art”.

  • Harriet Agnew

Yesterday

People visit St Mary’s lighthouse in Whitley Bay to see the aurora borealis, commonly known as the northern lights, on May 10, 2024, in the UK.

Extreme solar storm hits Earth, could bring auroras but disrupt power

An unusually strong solar storm hitting Earth could produce southern lights across Australia, including as far north as Queensland.

  • Marcia Dunn
Interest rates have been on hold in the US>

Fed’s Logan says still too early to think about rate cuts

Lorie Logan, the president of the Dallas Fed, flagged uncertainties over how restrictive monetary policy is.

  • Catarina Saraiva

This Month

Former President Donald Trump walks to the courtroom following a break in his trial at Manhattan criminal court on Thursday.

Trump’s long week in court as election looms

Stormy Daniels’ allegations of a sexual encounter with Trump set the courtroom alight this week. How they play into his election chances is unclear.

  • Matthew Cranston
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Stormy Daniels testifies as a promotional image for one of her shows is displayed ona  monitor.

Stormy Daniels accused of profiting off Trump sex claims

The former president’s lawyers are trying to undermine the porn actor’s credibility as the trial resumes in Manhattan.

  • Joe Miller
Trump’s ownership of nearly 60 per cent of the company has made the listing a symbol of the presumptive Republican nominee’s ability to capture the attention of individual traders.

Trump asked oil CEOs for $1.5b donations in exchange for favours

The former president demanded $US1 billion in donations to get re-elected and offered to overturn environmental rules and policies to help the oil industry.

  • Updated
  • Josh Dawsey and Maxine Joselow
Former US president Donald Trump enters the Manhattan Criminal Court this week.

Campus protests may help Donald Trump win

History suggests the intellectual conformism sweeping university life could trigger a popular backlash that ends in conservative rule.

  • David Brooks
The elevation of Nir Bar Dea, 42, to CEO marked the end of a 12-year transition away from Ray Dalio.

New Bridgewater chief ‘rewires’ world’s largest hedge fund

Nir Bar Dea says he had overhauled the firm after just a year in charge, in a bid to restore investment performance and mark a break from founder Ray Dalio.

  • Ortenca Aliaj
Stanley Druckenmiller said the Biden administration was in danger of crowding out innovation.

Biden fights back after Druckenmiller’s reckless spending lambast

Campaigning in a key state, Joe Biden defended his government’s massive government industry subsidies from critics including the billionaire investor.

  • Updated
  • Matthew Cranston
The CBO in February said deficits would rise to $US2.6 trillion by 2034.

Trump tax cut extension cost swells to $7 trillion, CBO warns

New estimates from Congress’ fiscal scorekeeper make clear the cost of extending the 2017 tax cuts enacted under president Donald Trump.

  • Erik Wasson
Sam Bankman-Fried, co-founder of FTX, which collapsed in November 2022.

Most FTX customers to get all their money back after catastrophic collapse

The collapsed cryptocurrency exchange says it will be able to pay off most of its investors - but the soaring price of bitcoin means they still lose.

  • Michelle Chapman
Reddit has been making strong inroads in the Australian advertising market off a low base.

Reddit’s bright first earnings report sends shares soaring

Its IPO was one of the biggest in the US this year – and its first earnings report shows that revenue increased 48 per cent.

  • Aisha Counts
A TikTok content creator protests outside the US Capitol in Washington.

TikTok sues over US ban in battle for survival

The lawsuit from the social media platform and its parent company, ByteDance, claims US legislation banning the app would breach free speech rights.

  • Hannah Murphy
Stormy Daniels exits the courthouse in New York, Tuesday (Wednesday AEST) after taking the stand  and testifying about her alleged sexual encounter with Trump in 2006.

Stormy Daniels’ graphic testimony of alleged Trump sexual encounter

The remarkable testimony is the latest example of how Donald’s Trump’s dealings with women are coming back to haunt him in court.

  • Updated
  • Erik Larson, Patricia Hurtado and David Voreacos
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Jeremy Clarkson on his farm, Diddly Squat, in West Oxfordshire.

Jeremy Clarkson, patron saint of the Great British bore

In barely a decade he has gone from disgraced Top Gear presenter to beloved guardian of the British countryside, due to the success of Clarkson’s Farm.

  • The Economist
Stormy Daniels in 2022.

Stormy Daniels expected to appear at Trump’s trial

The adult-film actress’ testimony is by far the most-awaited spectacle in Donald Trump’s hush money trial.

  • Jennifer Peltz, Jake Offenhartz, Michael R. Sisak and Eric Tucker
Anthony Pratt at the 2024 Met Gala the Metropolitan Museum of Art in New York.

Billionaire Pratt leads Aussie charge at garden-themed Met Gala

A high-profile annual event, the Met Gala is a benefit for the New York museum and marks the opening of its Costume Institute’s annual fashion exhibit.

  • Ben Kellerman
The Metropolitan Museum of Art’s Costume Institute benefit gala, otherwise known as the Met Gala.

Zendaya, Jennifer Lopez in full bloom at Met Gala

The annual charity event for New York’s Metropolitan Museum of Art, otherwise known as Anna Wintour’s Met Gala, is getting underway, drawing fashion’s A-listers.

  • Updated
  • Leanne Italie
For the big four, one of the big issues of 2022 was finding and keeping staff.

Why can’t top auditors find fraud?

US regulators have put forward a series of proposals to clarify and extend responsibilities to spot wrongdoing.

  • Stephen Foley