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Executive Summary: Trump‑Xi Summit Sets the Stage for a US‑China Power Contest Donald Trump will meet Xi Jinping in Beijing on May 14‑15, 2026. The talks, delayed by the US‑Israel war on Iran, are expected to focus on trade, debt, military spending and emerging technologies, marking the first US presidential visit to China in nearly a decade. Trade Metrics Highlight China’s Export Supremacy According to the World Bank’s WITS, China exported $3.59 trillion of goods in 2024, surpassing the US’s $1.9 trillion. China now leads 145 economies in trade volume, while the US trails with a trade deficit of roughly $1.2 trillion (imports $3.12 trillion vs exports $1.9 trillion). Top Chinese exports: Machinery & electrical machines $1.68 trillion, metals $286 bn, textiles $268 bn. Top US exports: Machinery & electrical machines $447 bn, mineral products $364 bn, chemicals $245 bn. Numbers Behind the Trade Gap, Debt and Military Budgets In 2024 China posted a trade surplus of over $1 trillion, while the US ran a deficit of about $1.2 trillion. Government debt stands at 115 % of GDP for the US and 94 % of GDP for China, with the US national debt exceeding $39 trillion. Military spending in 2025 was $954 bn for the US (3.1 % of GDP) versus $336 bn for China (1.7 % of GDP). Strategic Implications for the Global Power Balance The data underscore a shift: China now leads in export volume, rare‑earth reserves (44 million tonnes vs US 1.9 million tonnes), and green‑energy investment ($290 bn vs US $97 bn). The US retains advantages in AI corporate spending ($109 bn in 2024) and semiconductor technology. Both powers dominate global military outlays, together accounting for over half of worldwide defence spending. Outlook: What the May Summit May Determine Analysts expect the summit to address tariff levels (US average tariff on Chinese imports ~31.6 %), rare‑earth supply security, and coordination on climate‑energy policy. A de‑escalation could stabilize trade flows and reduce debt‑driven fiscal pressures, while a hard‑line stance may deepen the bifurcation of technology supply chains and reinforce competing growth models.

Cristiano Ronaldo's Al-Nassr were denied a historic Saudi Pro League title after goalkeeper Bento inadvertently scored an injury‑time own goal, turning a 1‑0 lead into a 1‑1 draw.The Late Own Goal That Shifted the Title RaceIn the final minutes of the decisive match against rivals Al Hilal, Al‑Nassr were leading 1‑0. A fumbled overhead save by Bento slipped into his own net, equalising the score and extinguishing the immediate celebration.Points, Positions, and the Numbers Behind the DramaAl‑Nassr: 83 points from 33 gamesAl Hilal: 78 points from 32 gamesA win would have secured Al‑Nassr’s 11th league title and Ronaldo’s first domestic trophy with the club.Broader Implications for Saudi Football and Ronaldo’s LegacyThe incident highlights the growing competitiveness of the Saudi Pro League and places additional pressure on Ronaldo to deliver a domestic trophy after his high‑profile move in January 2023. It also underscores the fine margins that can decide championships in a league attracting global talent.What Lies Ahead: Final Match and Title ScenariosAl‑Nassr remain favourites, needing only a point against 15th‑place Damac in their final fixture on May 21 to clinch the crown, provided Al Hilal does not win their remaining game.

Why Labor Opted for a Partial Negative Gearing RetentionIn a video released alongside the 2026 budget, Treasury Minister Jim Chalmers clarified that the Labor Party chose not to abolish negative gearing outright but to retain it in a limited form. The move is presented as a compromise between fiscal responsibility and the political imperative to support property investors.Chalmers' Explanation in the Budget VideoThe video highlighted three core arguments:Revenue Impact: A full repeal would shave billions off projected tax receipts, widening the budget deficit.Housing Supply: Negative gearing encourages investment in rental properties, which helps keep rental vacancy rates low.Electoral Considerations: Property owners constitute a key voter bloc in marginal seats.Budget Numbers Behind the DecisionThe 2026 budget projects a surplus of AUD 12.4 billion after accounting for existing tax measures. A total repeal of negative gearing was estimated to erode that surplus by roughly 5‑6 %, pushing the government toward a modest deficit. By scaling back the deduction to properties with annual losses below AUD 5,000, the Treasury expects to retain most of the fiscal headroom.Broader Political and Market ImpactRetaining a trimmed version of negative gearing sends several signals:It reassures investors that the government will not introduce abrupt policy shocks, stabilising the Australian housing market.It placates the Labor base in outer‑urban electorates where property investment is a significant income source.It leaves the door open for future reforms, such as tightening eligibility criteria or introducing a phased phase‑out.Outlook for Tax Policy and Housing AffordabilityAnalysts anticipate that the next budget cycle will revisit negative gearing as part of a broader tax‑fairness agenda. If fiscal pressures intensify, Labour may consider a gradual reduction rather than an immediate repeal, aiming to mitigate any sharp correction in property prices while still moving toward a more progressive tax system.

The Unparalleled Experience of CannesNothing prepares you for the shock that is the Cannes film festival: the adrenaline, the fatigue, the elation and the emotion, but also the hunger, the anger, the magic and the ridicule. For young cinephiles, and for almost everybody who works in the film industry, it is the mecca of cinema and has been so for nearly eight decades. Anyone going for the first time this week, as I did 25 years ago, should not listen to the old grognards – Cannes' battle-worn veterans – who will lament that the festival has become an abominable circus and swear this year will be their last. It is a circus, and you can bet they will be back for as long as their knees can take it. For there is nothing quite like it.From Resistance to Global Cinema HubBorn to counteract Benito Mussolini's Venice film festival, its first edition was planned for September 1939, but Adolf Hitler had other plans. The previous year, under pressure from Berlin and Rome, the Venice film festival's top prize, the Coppa Mussolini, was handed to Leni Riefenstahl's propaganda film Olympia, prompting the French, British and American delegates to walk out. Hence Cannes, conceived as the festival of the "free world". More than 80 years later, for all its sins, it has remained faithful to that founding promise.The Expansive Scale of Modern CannesOver the decades, Cannes has mutated into an ever-hungrier mammoth, needing more space, and more venues, as it attracts an increasing number of journalists and professionals. A purpose-built Palais des Festivals had to be erected in the 1980s. "The bunker", as we have come to call it, is not exactly beautiful but brutally efficient at managing Cannes' mind-boggling crowds. This year, about 40,000 accredited festival-goers are descending on the French Riviera from 140 different countries, with dozens of films selected across all sidebars. At the same time, the Marché du Film, running alongside the festival since the late 1960s, is gathering about 16,000 participants, with thousands of films and projects up for sale. Cannes is both a summit for the cinema elite and a giant film bazaar.Three Worlds Colliding at La CroisetteFor 11 days in May, three different worlds lead parallel lives – critics, deal-makers and red-carpet royalty – colliding almost by accident on the seafront boulevard known as La Croisette. Hundreds of critics watch multiple films a day with monastic discipline. When they give in to parties, they bitterly regret it the next morning. You can spot some of us sleeping through entire screenings; how some colleagues manage to review films is a mystery. I remember a well-known French critic who had such vivid dreams in the darkness that he became convinced they were scenes in the films. His reviews were full of brilliant analysis of moments that did not exist.We critics rush between screenings, press conferences, interviews, our desks and the bunker's free espresso machines, often forgetting to eat or even pee. Downstairs, in the bunker's basement, and in hotel suites and rented apartments, the film market runs day and night: buyers juggle numbers, producers charm, directors and screenwriters fight for their vision. Above them floats Cannes' top layer – stars and "talent" spending hours in hair and makeup before climbing the 24 steps of the red carpet in borrowed couture and jewellery. When people in the industry groan, "oh God, it's Cannes again", it is this collision of financial anxiety, choreographed glamour and sheer exhaustion they are bracing themselves for.The Magic and Meaning Behind the GlamourThese worlds sometimes collide in the most poetic or grotesque ways. One morning, rushing to my first screening at 7.30am, I was walking along the Croisette when I saw, coming towards me, slightly dishevelled in a tuxedo, Jack Nicholson on his way back to his hotel after a long night. I smiled, he smiled back. He was alone, no bodyguards, no chaperones. Those were the days. I also shared a lift with Takeshi Kitano in full samurai attire, and I will never forget turning into a hotel corridor and finding myself nose to nose with Max von Sydow – Ingmar Bergman's medieval knight from The Seventh Seal. My cinephile heart skipped a beat.One of my favourite sidebars in Cannes, alongside the competition where you watch the year's best crop of films, is Cannes Classics, showing restored world masterpieces and documentaries about cinema. I always start the festival there: it is the best way to reset and begin afresh. Then I am ready for the 10-day onslaught of motion pictures, and for the magic moment that precedes each Cannes screening – the festival's own jingle, a palm ascending the red carpet from underwater and then into the sky, lifted by the ethereal arpeggios of Camille Saint-Saëns's Carnival of the Animals.Cannes: Enduring Symbol of Cinematic ResistanceIn 1955, Cannes gave its first official Palme d'Or to Delbert Mann's Marty; half a century later I found myself befriending its wonderful star, Betsy Blair, on the Croisette. I had the joy of seeing Ken Loach twice climbing those steps to collect the Palme, escorted by police outriders from Nice airport as if he were a head of state. I watched Iranian directors Jafar Panahi and Mohammad Rasoulof showing films at peril to their lives. For all the craziness of the red carpet and the samurai outfits, Cannes never forgets that it was founded as a gesture of resistance. That, as much as the glamour and the exhaustion, is why we keep going back.

Conan O’Brien has been officially announced as the host for the 99th Academy Awards, scheduled for 14 March 2027, extending his run as the ceremony’s comedic anchor for a third year in a row.Academy Confirms O’Brien as Host for the 99th AwardsThe Academy’s leaders, Bill Kramer and Lynette Howell Taylor, praised the “incredible team” behind the past two shows and highlighted O’Brien’s “brilliance and humor” as central to the celebration. Executive producers Raj Kapoor and Katy Mullan will return, ensuring continuity in the production’s tone and style.Viewership Trends and Social Engagement Under O’Brien’s Tenure2025 inaugural year: 19.7 million TV viewers tuned in.2026 ceremony: traditional broadcast ratings dipped (exact figure not disclosed), but social‑media interaction rose 42% compared to the previous year.2027 broadcast will air live on ABC from the Dolby Theatre in Los Angeles.What O’Brien’s Return Means for the Oscars’ Brand and Broadcast FutureIndustry analysts note that O’Brien’s comedic style has revitalized audience perception, offsetting the ratings slump with heightened online buzz. Craig Erwich, president of the Disney Television Group, emphasized that O’Brien “makes Hollywood’s biggest night one of the most entertaining celebrations of the year.” The continuity also buys the Academy time as it prepares for a major platform shift slated for 2029.Looking Ahead: Potential Shifts in Hosting and Platform StrategyThe 99th ceremony will be the penultimate event held at the Hollywood Dolby Theatre and the last on traditional broadcast TV. By 2029, the Oscars are set to move to YouTube and relocate to downtown Los Angeles for the 101st awards, suggesting a long‑term pivot toward digital distribution. O’Brien’s presence in 2027 serves as a bridge between the legacy broadcast era and the forthcoming streaming‑first model.

The Unlikely Entourage Member Brett Ratner, the director behind the Rush Hour movies and a documentary on Melania Trump, is accompanying Donald Trump to China for his summit with Xi Jinping. Ratner was among the group of CEOs and top executives from major US tech and finance firms, including Apple’s Tim Cook, Tesla’s Elon Musk and BlackRock’s Larry Fink, who boarded Air Force One. Scouting for Rush Hour 4 Locations Trump’s spokesperson, Victoria Palmer-Moore, said he would use the trip to scout for filming locations for the latest instalment of the Rush Hour franchise. She added that Ratner plans to shoot “a lot” of Rush Hour 4 in China. The Rush Hour Franchise Revival The original Rush Hour was an instant hit in 1998, topping the US box office charts upon its release. Its sequel Rush Hour 2 was also a huge commercial success in 2001, before Ratner’s critically and commercially disappointing Rush Hour 3 was released in 2007. Despite rumours of a fourth film circulating for almost two decades, with Chan suggesting in 2017 that he and Tucker had agreed upon a new script, development had stalled until Trump intervened in late 2025. Ratner's Comeback Trump’s support has allowed Ratner to make a comeback in Hollywood after being sidelined after accusations of sexual misconduct during the #MeToo movement in 2017. Ratner denies all of the allegations. In 2026, Ratner released Amazon-backed documentary Melania, which followed the first lady during the 20 days before Trump’s second inauguration. The China Connection The president is reportedly a huge fan of Rush Hour, which revolves around detectives James Carter and Yan Naing Lee – played by Chris Tucker and Jackie Chan respectively – as they navigate their cultural differences and investigate crimes in Hong Kong, Paris and Los Angeles. Last November, Trump encouraged billionaire Larry Ellison, the primary financial force behind Paramount Skydance, to bring back the franchise once Paramount went through with its controversial purchase of Warner Bros.

Racing to Witness the 2017 Great American EclipseOn 21 August 2017 at 1:27 pm, the author and her husband fled a parking lot in Nashville, Tennessee, to catch the fleeting moment of totality during the Great American Eclipse. After a frantic drive, they positioned themselves on a hilltop park, using a solar telescope and eclipse glasses to safely observe the moon’s silhouette covering the sun. Numbers Behind the Eclipse ExperienceDuration of totality: roughly 50 seconds before clouds obscured the view.2017 eclipse path: crossed the United States from Oregon to South Carolina.2024 eclipse in Mazatlán, Mexico: over four minutes of totality during a solar‑maximum corona.Future eclipses booked: Spain on 12 August 2026 and 2 August 2027 (the longest eclipse of the century, >6 minutes). Personal and Cultural Reverberations of TotalityThe sudden twilight, the visible corona, and the hushed silence of birds created a profound emotional response, moving the author to tears. She reflects on humanity’s long‑standing fascination with eclipses as omens and the power of predicting them. The experience reshaped her identity, prompting her to label herself an “eclipse hunter” and to seek further celestial events. Looking Forward: The Next Eclipse HuntsFollowing the 2024 Mexican eclipse, the astronomer has already booked trips to Spain for the eclipses on 12 August 2026 and 2 August 2027. The latter promises a six‑minute totality, a rare alignment that she anticipates will deepen her lifelong fascination with these cosmic spectacles.

The Official Rebuttals from Mexico and the CIA Mexico’s government and the CIA issued statements on Tuesday denying a CNN report that U.S. intelligence agents participated in targeted killings of alleged cartel members in Mexico. CIA spokesperson Liz Lyons called the story “false and salacious,” while Mexico’s Secretary of Security Omar Garcia Harfuch said the nation “categorically rejects” any notion of foreign lethal operations on its soil. Alleged CIA‑Backed Assassinations: What CNN Reported CNN cited unnamed sources claiming CIA operatives “directly participated” in several attacks since last year, including a March car explosion that killed Francisco Beltran, described as a member of the Sinaloa Cartel. Operations allegedly ranged from “passive intelligence sharing” to “direct participation in assassination operations.” The focus was said to be on mid‑level cartel figures. Numbers Behind the Controversy: Reported Deaths and Designations 190+ people killed in U.S. air strikes targeting drug‑trafficking vessels in the Caribbean and Pacific, according to the Trump administration. Nine Latin‑American drug gangs, including the Sinaloa Cartel, have been labeled “terrorist organisations” by the United States. Two alleged CIA operatives died in a car crash after a counter‑narcotics raid, prompting the latest scrutiny. Diplomatic Fallout and Sovereignty Concerns The allegations have intensified existing friction between Washington and Mexico, where President Claudia Sheinbaum recently threatened sanctions against Chihuahua officials for allowing CIA involvement in raids on clandestine labs. Mexico’s 2020 law requires foreign agents to share information with the government and denies them diplomatic immunity, underscoring the sovereignty debate. What Lies Ahead: Potential Shifts in U.S.–Mexico Security Cooperation Both sides stress that cooperation “exists, is important, and has yielded relevant results,” yet future joint operations may be conditioned on stricter oversight and transparent information‑sharing protocols. Analysts warn that continued public denial without independent verification could erode mutual trust, potentially prompting Mexico to seek alternative security partners or renegotiate existing agreements.

The Abrupt End of Australia's Sprint CampaignKaden Groves, Australia's premier sprinting hope at the 2026 Giro d'Italia, has been forced to abandon the race due to injuries sustained in a mass crash during the opening stage in Bulgaria. The 27-year-old, who was aiming to surpass Caleb Ewan's 11 Grand Tour stage wins and move second on the Australian all-time winners' list, joins compatriot Jay Vine in exiting the race prematurely due to crash-related injuries.The Opening Stage Crash That Changed the RaceGroves was among several riders injured in a mass crash occurring just 600 meters from the finish line as the race opened in Bulgaria on Friday. Despite appearing bloodied and limping immediately after the incident, his team Alpecin Premier-Tech initially reported that he seemed "OK." However, it later became clear that the 10-time Grand Tour stage winner was suffering from shoulder and neck bruising that proved more serious than initially assessed."I didn't ride yesterday. I hope after a complete day off the sensations have improved. I'll take it day by day and see how things are on the climb. I don't need to risk anything," Groves said before his withdrawal, indicating the severity of his condition despite his initial description of the injuries as "just a few superficial scrapes all over my body."Australian Cycling Suffers Double BlowThe withdrawal of Groves compounds a difficult start to the Giro for Australian cycling, following Jay Vine's earlier exit due to concussion and a broken elbow suffered in a crash on stage two. The two high-profile departures significantly reduce Australia's representation in the race's competitive aspects.In the absence of their big name duo Mathieu van der Poel and Jasper Philipsen, the Belgian team had anointed Groves, who was wearing No 1 in the race, as their main sprinter. With his exit, Francesco Busato will now lead Alpecin's sprinting efforts, though 25-year-old Australian Jensen Plowright may also receive opportunities after finishing 18th on stage three.Race Dynamics Shift as Sprinters ExitThe absence of key sprinters has altered the competitive landscape of the Giro. Ecuador's Jhonatan Narvaez capitalized on the changing dynamics to win stage four, providing a welcome boost for Vine's UAE Team Emirates XRG. Orluis Aular (Movistar) finished second, while Giulio Ciccone took third place and claimed the race leader's pink jersey.Two Australian general classification contenders remain in the race, with Red Bull-BORA hansgrohe's co-leader Jai Hindley and Jayco AlUla's Ben O'Connor both sitting handily 10 seconds behind new race leader Ciccone, alongside pre-race favorite Jonas Vingegaard (Visma Lease-A Bike).The Challenge Ahead: Mountain Stages AwaitWith sprinters exiting the race, attention now shifts to the climbers as the Giro prepares for its most demanding stages. Wednesday's fifth stage features nearly 4000m of climbing on the 203km route from Praia a Mare to Potenza, a profile that could significantly shake up the general classification standings.For Groves, the withdrawal represents a setback in his quest to add to his career tally of 10 Grand Tour stage victories. The Australian had just returned after a break of more than two months with knee trouble following a crash in the Omloop Het Nieuwsblad race at the start of March, making this latest injury particularly frustrating for the 27-year-old sprinter.