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UK, Canada and Australia formally recognise Palestine, backing two-state solution– www.arabianbusiness.com

pgnewser September 22, 2025 0

UK, Canada and Australia formally recognise Palestine, backing two-state solution– www.arabianbusiness.com
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The UK, Canada and Australia have formally recognised the State of Palestine, moves framed by all three governments as essential to preserving the prospect of a two-state solution and lasting peace in the Middle East.

UK recognition

British Prime Minister Keir Starmer confirmed that the UK has officially recognised Palestine, calling the decision a historic one grounded in the Palestinian people’s right to self-determination.

Some House Republicans push to revamp Fed mandate– www.washingtonexaminer.com

pgnewser September 19, 2025 0

Some House Republicans push to revamp Fed mandate– www.washingtonexaminer.com
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Republicans on Capitol Hill are pushing to end the Federal Reserve‘s dual mandate of price stability and maximum employment and instead limit its remit exclusively to keeping inflation low.

The Price Stability Act, introduced this week by House Financial Services Committee Chairman French Hill (R-AR), would require that Fed officials only consider inflation when making monetary policy decisions.

Rep. Marlin Stutzman (R-IN), one of the bill’s co-sponsors, told the Washington Examiner during an interview that changing the Fed’s mandate would be good for the economy. Notably, over the past several years, the U.S. experienced the worst wave of inflation since the 1970s.

As Youth Unemployment Hits New High, China Waxes Nostalgic for the “Boom Years”– chinadigitaltimes.net

pgnewser September 19, 2025 0

As Youth Unemployment Hits New High, China Waxes Nostalgic for the “Boom Years”– chinadigitaltimes.net
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China’s National Bureau of Statistics published new data on Wednesday showing that urban youth unemployment rose to a two-year high last month. According to the data, the rate of unemployed youth aged 16 to 24 (excluding students) rose from 17.8 percent in June to 18.9 percent in August, nearing the historical peak of 21.3 percent in June 2023. This development underscores how even in a country that censors and “optimizes” negative data, a harsh economic landscape continues to frustrate millions of Chinese youth.

After the peak in 2023, government officials suspended the publication of youth unemployment data for several months and revised their methodology to yield lower figures. Articles discussing the state of the Chinese economy have also been censored online, including one on WeChat from March titled “Ten Questions About the Chinese Economy in 2025,” and a similar list of ten economic questions in 2023. A meme comparing masses of youth at a job fair to the Terracotta Warriors was likewise taken down from the internet in May. Upon hearing about the latest youth unemployment figures, Chinese netizens on Weibo and X joked about the sensitivity and unreliability of such statistics, as documented by CDT Chinese editors:

Stream2024: Great news! Another record high!

Greece delays Israel arms deals due to Gaza – report– en.globes.co.il

pgnewser September 19, 2025 0

Greece delays Israel arms deals due to Gaza – report– en.globes.co.il
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The Greek government is interested in closing an extensive arms deal with the Israeli government, but the ongoing war in Gaza is causing delays on the part of Greece, the “eKathimerini” website reports, despite the strategic importance of the deals to Greece.

The deal includes Elbit Systems PULS rocket launch system, with the Greeks interested in a full range of munitions, including Accular 160 mm, EXTRA, and Predator Hawk missiles with 300-kilometer range, totaling around €700 million.

Democrats unveil funding alternative to counter GOP in shutdown brawl– www.politico.com

pgnewser September 18, 2025 0

Democrats unveil funding alternative to counter GOP in shutdown brawl– www.politico.com
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Congressional Democrats released bill text Wednesday night for their own stopgap spending proposal as they dig in against a House Republican-backed measure that would fund the government until late November.

The new Democratic proposal links funding the government through Oct. 31 to two of the party’s other priorities: health care assistance and placing limits on President Donald Trump’s ability to unilaterally roll back funds previously approved by Congress.

The Democratic stopgap bill has virtually no chance of passing the Senate — much less getting to Trump’s desk before the end-of-the-month deadline to avert a shutdown. But it allows Democrats to rally behind a plan that will win a broad swath of support among their members in the House and Senate.

“We invite Republican leadership to finally join Democratic leadership at the negotiating table, which they have refused for weeks to do, to prevent a shutdown and begin bipartisan negotiations to keep the government funded,” Congress’ top Democratic appropriators, Connecticut Rep. Rosa DeLauro and Washington Sen. Patty Murray, said in a joint statement.

The Democrats’ bill would extend boosted Affordable Care Act insurance subsidies that will otherwise expire on Dec. 31. It also would reverse cuts to Medicaid and other health programs that Republicans enacted as part of their party-line megabill this summer.

Nvidia CEO Huang caught between US, China’s ‘larger agendas’– www.channelnewsasia.com

pgnewser September 18, 2025 0

Nvidia CEO Huang caught between US, China’s ‘larger agendas’– www.channelnewsasia.com
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“Jensen Huang’s diplomatic comment about ‘larger agendas’ is CEO-speak for ‘We’re pawns in a digital Cold War,’” said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors.

Nvidia has responded to the political tumult by sharply increasing its lobbying spending in Washington. Senate disclosures show it spent nearly US$1.9 million in the first half of 2025, compared with US$640,000 for all of last year. It also hired three new firms with 21 lobbyists last month.

China’s Cyberspace Administration directed ByteDance and Alibaba to terminate RTX Pro 6000D testing and orders, the Financial Times reported, citing three sources. The new restrictions go beyond earlier guidance that focused on the H20 chip, designed specifically for the Chinese market.

“We’ll continue to be supportive of the Chinese government and Chinese companies as they wish,” Huang said in London.

Nvidia CEO disappointed after reports China has banned its AI chips– www.cnbc.com

pgnewser September 18, 2025 0

Nvidia CEO disappointed after reports China has banned its AI chips– www.cnbc.com
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Nvidia CEO Jensen Huang has weighed in on the U.S. tech giant’s struggles in China after a report claimed the country has banned its artificial intelligence chips.

Huang said he was “disappointed” after the Financial Times on Wednesday reported that the Cyberspace Administration of China had ordered companies including TikTok parent company ByteDance and Alibaba not to buy Nvidia’s RTX Pro 6000D, a chip that was made for the country.

In response to a question on the FT report, Huang said Wednesday that “we can only be in service of a market if the country wants us to be.”

“We probably contributed more to the China market than most countries have. And I’m disappointed with what I see,” Huang said. “But they have larger agendas to work out between China and the United States, and I’m understanding of that.”

It comes after a tumultuous few years for Nvidia’s business in China, which Huang described as “a bit of a roller coaster.”

“We’ve guided all financial analysts not to include China” in financial forecasts, Huang told reporters Wednesday at a press briefing in London. “The reason for that is because that’s largely going to be within the discussions of the United States government and Chinese government.”

French unions strike against austerity, pressuring Macron – Reuters– news.google.com

pgnewser September 18, 2025 0

French unions strike against austerity, pressuring Macron – Reuters– news.google.com
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Hundreds of thousands took part in anti-austerity protests across France on Thursday, urging President Emmanuel Macron and his new Prime Minister Sebastien Lecornu to acknowledge their anger and scrap looming budget cuts.
Teachers, train drivers, pharmacists and hospital staff were among those who went on strike as part of the day of protests, while teenagers blocked dozens of high schools for hours.

Trump asks Supreme Court to allow him to fire Lisa Cook from Fed Board of Governors– www.cbsnews.com

pgnewser September 18, 2025 0

Trump asks Supreme Court to allow him to fire Lisa Cook from Fed Board of Governors– www.cbsnews.com
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Washington — The Trump administration asked the Supreme Court on Thursday to allow President Trump to remove Lisa Cook from her position on the Federal Reserve Board of Governors while a legal challenge to her firing moves forward.

In its request for emergency relief from the high court, the Justice Department said that the justices should freeze a lower court decision that ordered Cook to be reinstated to her post on the Fed Board.

The U.S. Court of Appeals for the District of Columbia Circuit ruled earlier this week that Cook could remain in her role while a legal challenge to her firing moves forward.

In a filing to the Supreme Court, Solicitor General D. John Sauer argued that the dispute involves “improper judicial interference with the President’s removal authority — here, interference with the President’s authority to remove members of the Federal Reserve Board of Governors for cause.”