zerohedge
zerohedge|Mar 21, 2025 12:20
Top Overnight News Britain's Heathrow Airport was shut on Friday after a huge fire at a nearby substation knocked out its power, stranding passengers around the world and angering airlines who questioned how such crucial infrastructure could collapse Germany’s new era of big spending is pulling up borrowing costs across Europe, reigniting jitters around fiscal stability on the continent’s periphery. Trump posted "Egg prices are WAY DOWN from the Biden inspired prices if just a few weeks ago. “Groceries” and Gasoline are down, also. Now, if the Fed would do the right thing and lower interest rates, that would be great!!!" Trump posted "Unlawful Nationwide Injunctions by Radical Left Judges could very well lead to the destruction of our Country!... STOP NATIONWIDE INJUNCTIONS NOW, BEFORE IT IS TOO LATE". Trump and Defense Secretary Hegseth are to deliver remarks from the Oval Office today at 11:00EDT/15:00GMT, according to the White House. President Trump denied a report that the Pentagon was going to brief Elon Musk about the US military's plan for any war with China. Elon Musk sought to reassure Tesla Inc. employees during what he referred to as “a little bit of stormy weather,” after the carmaker’s shares plunged more than 50% in just three months. White House has commenced a review of Federal Agency plans for a 2nd round of mass layoffs: RTRS The Israeli cabinet voted early on Friday to dismiss the head of the Shin Bet domestic intelligence service effective April 10, Prime Minister Benjamin Netanyahu's office said, after three days of protests against the move. Chancellor of the Exchequer Rachel Reeves is set to overshoot her borrowing forecasts significantly for the current fiscal year, highlighting the fragile state of the UK’s public finances ahead of a key economic statement next week. Germany’s move to unlock hundreds of billions of euros in debt-financed defense and infrastructure spending passed its final legislative hurdle on Friday when lawmakers in the upper house of parliament in Berlin approved the measures. The financial industry is abandoning caution and chasing the rally in European stocks, hiking their targets and looking to the upside. President Xi Jinping’s government is set to welcome a US senator close to Donald Trump for talks in China, as the world’s largest economies try to move forward trade negotiations that have stalled at lower levels. China’s imports of US cotton, cars and some energy products all plunged in the first two months of the year after President Donald Trump started imposing tariffs and Beijing retaliated. In a prelude to what could be widespread disruption to global trade, Chinese purchases of cotton fell almost 80% from a year earlier, according to Bloomberg analysis of data released Thursday. Imports of large-engined cars were down nearly 70%, while purchases of crude oil and liquefied natural gas dropped more than 40%.
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