While You Were Sleeping: 5 stories you might have missed, April 10, 2025
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US President Donald Trump signing a series of Executive Orders at the White House on April 9.
PHOTO: EPA-EFE
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Trump stuns with tariffs reversal, but hits China even harder
US President Donald Trump abruptly backed down on April 9 in his global trade war with a 90-day tariff pause for most countries – but slapped even more levies against China in what has become a brutal duel between the world’s two largest economies.
Following days of global market turmoil, Wall Street stocks surged in reaction to Mr Trump’s sudden announcement on his Truth Social network.
“I have authorised a 90-day pause” on higher tariffs that took effect on April 9, Mr Trump said, on his Truth Social network, saying he took the decision after more than 75 countries had reached out to negotiate and did not retaliate against the US.
Only a flat rate of 10 per cent tariffs on all countries that took effect on April 5 will remain in place. This marked a stunning reversal from often punishing levies that hit even many of the closest US allies.
Wall Street soars on Trump tariff pause with Nasdaq up 12%
REUTERS
Wall Street stocks rocketed to close solidly higher on April 9, with dramatic advances on all three major indexes as US President Donald Trump delayed steep new tariffs hours after they took effect.
The Dow Jones Industrial Average surged 7.9 per cent to 40,608.45 and the broad-based S&P 500 Index rallied 9.5 per cent to 5,456.90.
The tech-focused Nasdaq Composite Index jumped 12.2 per cent to 17,124.97.
Beijing knows Russian army is recruiting Chinese citizens
SCREENSHOT, PHOTO: X/@ZELENSKYYUA, REUTERS
Ukrainian President Volodymyr Zelensky said Beijing knows Russia is recruiting its citizens to fight in Ukraine, claiming Kyiv had the details of at least 155 Chinese nationals who had been deployed to the front.
The claim came hours after Beijing rejected the idea that Chinese citizens had been recruited in big numbers to fight with Russia, and it warned its citizens to “avoid involvement in armed conflicts”.
Mr Zelensky a day earlier said Ukraine’s army had captured two Chinese citizens caught fighting for Russia in the eastern Donetsk region.
US to deny visas, green cards over anti-Semitic posts
PHOTO: AFP
US immigration authorities said on April 9 that they will look at social media accounts and deny visas or residence permits to people who post content considered anti-Semitic by President Donald Trump’s administration.
Posts defined as anti-Semitic will include social media activity in support of militant groups classified by the US as terrorists, including Hamas, Lebanon’s Hezbollah and Yemen’s Houthi insurgents.
The move comes after the Trump administration has controversially cancelled visas for students inside the US, where the First Amendment of the Constitution guarantees freedom of speech.
Number of millionaires in London falls as wealthy flee
PHOTO: REUTERS
Thousands of millionaires fled London in the past year with some moving to the United States or Asia driven out by high taxes and Brexit, according to a report published on April 9.
The exodus continued a decade-long trend that has been attributed to tax increases, a failure to recover from the 2008 financial crisis, and Britain’s acrimonious departure from the European Union.
Some 11,300 millionaires exited London in 2024, said the annual World’s Wealthiest Cities Report, published by advisory firm Henley & Partners and data intelligence company New World Wealth.
