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CNN — President Donald Trump on Thursday announced a nearly one-month tariff delay on all products from Mexico that are covered by the USMCA free trade treaty, a significant walkback of the administration’s signature economic plan that has rattled markets, businesses and consumers. Commerce Secretary Howard Lutnick also said Thursday that Trump will likely announce later in the day a one-month delay on all Canadian tariffs. But negotiations were ongoing and it remained unclear whether a deal would ultimately be accomplished, a senior Canadian government source told CNN. “After speaking with President Claudia Sheinbaum of Mexico, I have agreed that…
Editor’s Note: The views expressed in this commentary are solely those of the writer. CNN is showcasing the work of The Conversation, a collaboration between journalists and academics to provide news analysis and commentary. The content is produced solely by The Conversation. CNN — If you are a frequent flyer, you’ve probably been at the airport waiting to jet somewhere on a winter trip when the voice of an airline employee announces over the intercom that there will be a slight delay while the plane gets deiced. But how does this process actually work, and why is it needed? As…
Seoul, South Korea CNN — South Korean fighter jets accidentally bombed homes during a live-fire drill with US forces, injuring more than a dozen people, Seoul’s military said on Thursday. Eight MK-82 general-purpose bombs were “abnormally dropped” from two KF-16 fighter jets and landed outside the designated firing range at approximately 10:07 a.m. local time, hitting civilian infrastructure in Pocheon city, northeast of the capital Seoul, according to the South Korean Air Force. South Korea’s defense ministry said initial findings indicated the accident was caused by a pilot inputting incorrect bombing coordinates. An image that local media outlets said captured…
Hong Kong CNN — Fresh off the global success of DeepSeek’s latest artificial intelligence reasoning model, China’s top economic officials have vowed to set up a state-backed fund to support technological innovation. The “state venture capital guidance fund” will focus on cutting-edge fields such as artificial intelligence, quantum technology and hydrogen energy storage, Zheng Shanjie, head of China’s state economic planner, told reporters Thursday on the sidelines of the annual gatherings of China’s rubber-stamp national legislature and advisory body. The fund is expected to attract nearly 1 trillion yuan ($138 billion) in capital over 20 years from local governments and…
Washington CNN — The 2026 World Cup is still more than a year away, but top travel executives are warning the US could struggle to effectively stage the tournament unless big changes are made quickly. US Travel Association president and CEO Geoff Freeman and MGM Resorts International president and CEO William Hornbuckle told CNN Sport that they have real concerns about whether the US travel system is prepared to handle the influx of foreign travelers expected in next summer’s soccer extravaganza. The worries run the gamut. Lengthy wait times for fan visa approvals could discourage thousands from trying to come…
CNN — The Trump administration is planning to cut tens of thousands of employees at the Department of Veterans Affairs, according to an internal memo obtained by CNN. In a memo dated March 4 addressed to “under secretaries, assistant secretaries, and other key officials,” the Veterans Affairs department’s chief of staff Christopher Syrek said that the VA in partnership with the Department of Government Efficiency, or DOGE, will move “aggressively” to restructure the VA across the entire department and “resize” the workforce. As part of that, the department will aim to revert back to its 2019-era staffing levels of 399,957…
Surrey, British Columbia CNN — Karim Walji is certain he is about to lose business. Worried he may have to shrink his workforce — fire people — for the first time in eight years. He blames President Donald Trump and what Walji sees as a reckless power trip. “He wants the US to flex their muscle,” said Walji, a partner in AI Industries, a steel fabricating plant in western Canada. “He wants to show that the US is strong and, ‘Because I am bigger than you are, I can bully you around, and this is how I am going to…
Surrey, British Columbia CNN — Karim Walji is certain he is about to lose business. Worried he may have to shrink his workforce — fire people — for the first time in eight years. He blames President Donald Trump and what Walji sees as a reckless power trip. “He wants the US to flex their muscle,” said Walji, a partner in AI Industries, a steel fabricating plant in western Canada. “He wants to show that the US is strong and, ‘Because I am bigger than you are, I can bully you around, and this is how I am going to…
CNN — President Donald Trump could decide this week to take the first steps to eliminate the Department of Education, people familiar with the matter said, as he looks to dramatically shrink the size of the federal government. White House officials have prepared an executive order directing Education Secretary Linda McMahon to begin the process of dismantling the department, the sources said. Trump could sign the document as early as Thursday, but plans had not yet been finalized. Trump has long signaled his intention to close the department, but fully eliminating it will require Congress to act, McMahon said during…
Hong Kong CNN — Chinese tech giant Alibaba unveiled its latest artificial intelligence reasoning model on Thursday, boasting that its capabilities beat those of rival models from OpenAI and startup DeepSeek. The news prompted Alibaba’s Hong Kong-listed shares to close 8% higher on the day and helped boost the Hang Seng’s China Enterprises Index. The release of Alibaba’s new AI model comes a day after the launch of a “general AI agent” called Manus by another company. A video on the website dedicated to Manus says the software can carry out complex, multi-step tasks such as screening resumés and creating…