Defying Trump, several US-funded international broadcasters are still reporting the news
CNN
The leaders of several US-funded international networks have instructed their organizations to continue broadcasting, ignoring a Trump administration order, because they believe last weekend’s terminations were unlawful, according to a person involved in the matter.
One of the US-funded international networks in President Trump’s crosshairs is going to court to contest his shutdown order. Radio Free Europe/Radio Liberty, which broadcasts news and information in 27 languages across Eastern Europe, Asia and the Middle East, said in a statement last weekend’s grant termination “would violate the Constitution and federal laws.” Officials filed a lawsuit in US District Court on Tuesday afternoon. CNN reported earlier Tuesday that the leaders of Radio Free Europe and other US-funded networks have instructed their organizations to ignore Trump’s order and continue broadcasting because they believe the terminations were unlawful. The entities – also including Radio Free Asia and Middle East Broadcasting Networks – are continuing to operate around the world while network executives contemplate next steps. On Tuesday Radio Free Europe/Radio Liberty CEO Stephen Capus said in a statement that “this is not the time to cede terrain to the propaganda and censorship of America’s adversaries. We believe the law is on our side and that the celebration of our demise by despots around the world is premature.”
March has been a dizzying month for US markets. The S&P 500 just posted two days of back-to-back gains, but the benchmark index is still down almost 5% this month.
Volkswagen’s Audi luxury brand has announced it will cut thousands of jobs over the next few years, in the latest sign of trouble in Germany’s auto sector.
Americans are cutting back on Doritos, Goldfish and Hostess cakes. It’s not for their health, however – it’s a sign that even small indulgences have gotten too expensive for many to afford.
Officials in Beijing and Hong Kong spoke out Tuesday against a proposal to sell ports in the Panama Canal to a consortium led by BlackRock, sending shares in the Hong Kong-based conglomerate that owns the ports plummeting.
Markets are on the fritz, and investor sentiment has slumped into “extreme fear” territory.
Electric vehicle giant BYD unveiled a new charging system in China on Monday, intensifying already fierce competition in the world’s largest auto market and propelling it further ahead of rivals such as Tesla.
Hong Kong property magnate Lee Shau Kee, one of the city’s richest men, died on Monday at the age of 97, Henderson Land, the group that he founded, said in a statement.
The Trump administration filed a motion to extend two deadlines in U.S. Steel and Nippon Steel’s lawsuit against a U.S. national security panel to give the government more time to wrap up merger talks with the firms, a filing showed on Monday.
PepsiCo is buying Poppi, the popular prebiotic soda brand, in a $1.65 billion deal.
Spending at US retailers last month was much weaker than expected, in a troubling sign that the American shopper could be starting to tap out.
President Donald Trump’s tariff policies are slowing economic growth in the United States and around the world while sending prices higher again, creating a toxic stew for the global economy that could grow even worse if tensions escalate, the Organisation for Economic Co-operation and Development said Monday.
President Donald Trump has said he doesn’t intend to create exemptions from steel and aluminum tariffs and that additional sectoral, as well as reciprocal tariffs will be imposed on April 2.
China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic impact of tariffs imposed by US President Donald Trump.