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Trump targets Fed chair

In this “ask ian,” Ian Bremmer responds to the US investigation into Federal Reserve Chair Jerome Powell and why it matters far beyond interest rates.
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Walmart’s commitment to US-made products

Walmart is investing $350 billion in US manufacturing. Over two-thirds of the products Walmart buys are made, grown, or assembled in America, like healthy dried fruit from The Ugly Co. The sustainable fruit is sourced directly from fourth-generation farmers in Farmersville, California, and delivered to your neighborhood Walmart shelves. Discover how Walmart's investment is supporting communities and fueling jobs across the nation.

Tools and Weapons – A special edition on the AI Diffusion Report, with Juan Lavista Ferres

In this special edition of Tools and Weapons, Microsoft Vice Chair and President Brad Smith sits down with Juan Lavista Ferres, Chief Data Scientist and Director of the AI for Good Lab, to unpack the most striking insights from Microsoft’s newly released AI Diffusion Report. Their conversation explores the growing reach of generative AI, the accelerating pace of technological progress, and what this moment means for societies and economies around the world.

The discussion examines how generative AI is spreading globally, and why the speed of diffusion will determine who benefits most. Together, they highlight countries leading the charge, including the UAE, Singapore, and South Korea, and explore the rise of models such as China’s DeepSeek across parts of Africa, offering a clear-eyed look at how AI adoption is reshaping global power, opportunity, and impact.

Subscribe and find new episodes of Tools and Weapons wherever you listen to podcasts.

What We’re Watching: Trump threatens China truce over Iran, Cuba’s crippling economy faces more headwinds, Canada’s Carney seeks détente in Beijing

Will Trump end the China truce over Iran?

US President Donald Trump said he would impose a 25% tariff on countries that do business with Iran, escalating pressure on the Islamic Republic as protests rage across the country. The White House is still considering talks with Tehran, although Trump is leaning toward authorizing military strikes, the Wall Street Journal reported. The move comes as an Iranian official said that 2,000 people have been killed since the protests began two weeks ago – far higher than other estimates. Meanwhile, the secondary tariffs could threaten a temporary trade truce between the world’s two largest economies, since China is a major trading partner of Iran. If imposed, the extra duty would raise tariffs on most Chinese imports from 45% to 70%. How will China respond?

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Venezuela owes China money. Will Beijing see it?

When the United States seized Venezuelan strongman Nicolás Maduro earlier this month, and started working on a plan to take long-term control of the country’s oil reserves, Caracas’s largest crude customer was bound to take notice.

After all, China is owed Venezuelan oil, and quite a lot of it, too.

Since the turn of the current century, China has loaned Venezuela over $100 billion, money the Latin American country has used for infrastructure projects like railways and power plants. Instead of repaying the loans in cash, Caracas has used oil. At least $10 billion of the debt remains outstanding.

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Hard Numbers: A power play in the Arctic, Nigeria-UAE pen trade deal, US used civilian-appearing plane in first boat strike, Former NYC mayor nets crypto windfall

1920: Norway is tightening its grip on Svalbard, a remote archipelago near the North Pole rich in rare-earths and vital for satellite and missile monitoring, in a bid to keep rivals out of the Arctic. The archipelago is part of Norway, but a 1920 treaty has allowed almost anyone to live there without a visa. Oslo is asserting more control in restricting voting rights from foreigners and blocking land sale to foreign buyers.
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Frank Fukuyama argues that removing Nicolás Maduro was the easy part, and warns that without legitimacy, stability, and long-term planning, US action in Venezuela risks repeating the failures of past nation-building efforts.

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In this Quick Take, Ian Bremmer breaks down the protests across Iran and how the Trump administration might respond.

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If you spend a week in Ukraine, you’ll get a long list of advice. Download the air raid app. Download the power outage app. Don’t use elevators – you’ll be trapped if the power goes out. Download the map of bomb shelters. Bring batteries and portable chargers, more than you think. Take a course on how to tie a tourniquet.

The guidance given to me before my trip to Ukraine’s capital suggested a city where daily life was governed by alarms, blackouts, and contingency plans. What became clear on arrival was that the list was less a warning than a routine, a system Ukrainians have built after nearly four years of war to keep life moving despite daily Russian attacks.

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Trump-Fed feud escalates

The feud between US President Donald Trump and the Federal Reserve escalated significantly this weekend, with federal prosecutors opening a criminal investigation into Fed Chair Jerome Powell over whether he lied to Congress about the scale of the central bank’s renovations. Powell responded with uncharacteristic fervor, saying, “This new threat is not about my testimony last June or the renovation,” but rather because he refused to heed Trump’s call to lower interest rates. Trump denied knowledge of the investigation, although he mentioned a possible lawsuit against Powell two weeks ago. The Trump administration’s actions are facing blowback from Senate lawmakers whose votes will be needed to confirm the next Fed chair: outgoing Sen. Thom Tillis pledged to block any successor until the current matter is resolved.

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30%: A pair of surveys showed that Thailand’s progressive opposition party is leading the polls ahead of the Feb. 8 general election. Both polls showed the People’s Party ahead with at least 30% of the vote, while Prime Minister Anutin Charnvirakul’s conservative Bhumjaithai party languished in the teens. The snap election comes at a rocky time for Thailand, as a border dispute with Cambodia flares up and the PM faces possible impeachment.
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Mastercard Economic Institute's Outlook 2026 explores the forces redefining global business. Tariffs, technology, and transformation define an adaptive economy for the year ahead. Expect moderate growth amid easing inflation, evolving fiscal policies, and rapid AI adoption, driving productivity. Digital transformation for SMEs and shifts in trade and consumer behavior will shape strategies worldwide.

Stay ahead with insights to help navigate complexity and seize emerging opportunities. Learn more here.

The United States has pulled off a stunning operation in Venezuela, capturing longtime strongman Nicolás Maduro and bringing him to New York to face federal charges. For President Trump, it was a dramatic show of force, executed without US casualties and framed as proof that American dominance in the Western Hemisphere is back. But once the dust settles, far bigger questions remain. What happens when a regime falls but the system behind it stays intact, and who takes responsibility for what comes next?

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The United States has pulled off a stunning operation in Venezuela, capturing longtime strongman Nicolás Maduro and bringing him to New York to face federal charges. For President Trump, it was a dramatic show of force, executed without US casualties and framed as proof that American dominance in the Western Hemisphere is back. But once the dust settles, far bigger questions remain. What happens when a regime falls but the system behind it stays intact, and who takes responsibility for what comes next?

Read NowShow less

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