The Trump administration declined to renew the USMCA on its current terms, keeping the North American trade pact in force but subject to annual reviews. U.S. officials cited trade deficits with Canada and Mexico, while Canadian officials said they remain committed to preserving the agreement.
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The United States declined to extend the USMCA with Canada and Mexico through 2042, leaving the pact in force but subject to annual reviews until 2036. U.S. officials said they want to address trade deficits and other shortcomings before agreeing to any renewal.
Sony says new PlayStation games will no longer be released on discs starting in January 2028, with retailers selling digital codes instead. The company says the move follows consumer trends, while critics warn it could hurt resale, lending and preservation.
President Donald Trump reported more than $1 billion in cryptocurrency-related income in a 927-page financial disclosure for 2025. The filing lists major income from the $TRUMP meme coin and World Liberty Financial, while the White House denies conflict-of-interest allegations.
Keir Starmer says the UK will raise defence spending by £15bn over four years, funded by cuts to other government investment budgets. The plan would lift annual defence spending to nearly £80bn by 2029, though critics say it falls short of what the armed forces need.
UK Culture Secretary Lisa Nandy said she is considering intervention in Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery over media plurality concerns. Paramount says the deal does not pose UK plurality issues and remains on schedule.
Chinese billionaire Guo Wengui was sentenced to 30 years in U.S. prison after a fraud conviction tied to investment schemes prosecutors said raised more than $1 billion. A federal judge said the fraud cost more than 1,000 victims worldwide hundreds of millions of dollars.