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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.

The Trump-Xi Summit: A Pivotal Moment in US-China Relations Donald Trump's state visit to China this week – the first by the US president in nearly a decade – comes amid a time of geopolitical upheaval, a new and intractable conflict in the Middle East, and a sometimes rocky relationship between the world's two major superpowers. There is much for Trump and Xi Jinping to discuss, but a few key issues are likely to dominate the agenda. Five Critical Issues on the Summit Agenda The high-stakes meeting between the two leaders addresses several pressing matters that could reshape the global landscape: The Iran Conflict and Hormuz Strait Crisis Trump is eager for China to lean on Tehran to advance peace talks and reopen the strait of Hormuz. To now, Beijing has sat back and watched the US struggle against Iran, at least publicly. But with about half of China's crude oil imports passing through the strait, Xi does want the waterway unblocked. China knows its exports will suffer if a global recession results from an oil supply crisis. Complicating the picture, the US this week put sanctions on several Chinese firms accused of assisting Iranian oil shipments and supplying satellite imagery allegedly used in Iranian military operations, claims that Beijing denied. Trump's arrival comes after Iran's foreign minister, Abbas Araghchi, visited Beijing last week. Taiwan: The Flashpoint in US-China Relations Beijing is keen to push the US on Taiwan, with Trump saying he is prepared to raise the issue of arms sales to the island, which China claims as a breakaway territory despite never having ruled it. In December, Trump authorised an $11bn arms package for Taiwan, the largest weapons sale ever to the island, but no shipments have been made yet. Xi may seek changes in how the US refers to Taiwan. Ideally, from the perspective of Beijing, this would be a statement from Washington "opposing" Taiwan's independence rather than "not supporting" it. Taiwan will be watching closely. Just two weeks ago, China's foreign minister in a phone call with Marco Rubio urged the US to "make the right choices" on Taiwan. With Trump known to veer off script, John Kirby, a former US state department and Pentagon spokesperson cautioned: "They just have to be so extraordinarily precise when you're talking about Taiwan because, quite frankly, the stakes are enormously high." The AI Cold War: Technological Supremacy at Stake China and the US are locked into a race on artificial intelligence that is becoming something of a technological cold war. In April, the White House accused China of stealing US AI labs' intellectual property on an industrial scale, claims Beijing denied. Meanwhile, Beijing has been frustrated by Washington's reluctance to allow Nvidia to export its most powerful processing chips to China. In January, the White House said Nvidia could export its second most powerful chip, the H200, but no shipments have been sent yet. Analysts and ethics leaders hope Trump and Xi will discuss non-binding AI guidelines, including sharing information about AI misuse and safety, which are seen as critical guardrails amid the advent of AI weaponry and military adoption. Trade War: Rare Earth Minerals and Economic Leverage Trump has repeatedly threatened China over trade, imposing tariffs above 140% last year. But Xi held some cards of his own and did not fold. Instead, China blocked exports of its rare earth minerals and magnets to the US. Trump, finally, backed down. The US has depleted notable levels of its weapons arsenal in the war against Iran, with many weaponry components requiring critical minerals that are linked to supply chains dominated by China. China is expected to announce purchases related to Boeing airplanes, American agriculture and energy, US officials have said. In turn, Beijing wants the US to ease curbs on exports of advanced semiconductors. Beijing also wants to reduce barriers to investment in the US, and hopes to establish a Board of Investment to match the Trump-back Board of Trade. Fentanyl: The Drug War and Political Posturing Fentanyl is a key item on Trump's agenda this week, Politico reported, citing an administration official granted anonymity to preview the closed-door sessions. The US has long accused Chinese businesses of knowingly supplying the chemical precursors to Mexican cartels who use them to make the drug. Trump knows that being seen to press China hard over fentanyl and precursors plays well with his Maga base. But Trump lost important leverage on the fentanyl front when China defied his tariffs threats. In March, the US and China clashed over fentanyl and trade at a UN drugs meeting. China wants to be removed from the state department's annual list of "major drug transit or illicit drug producing countries", due to be updated in September.

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.

The Announcement of Cleary’s Planned DepartureIvan Cleary confirmed on Wednesday that he will step aside as head coach of the Penrith Panthers at the end of the 2026 season, after 18 months remain on his current contract.Details of the Transition and Advisory RoleCleary said his decision was not taken lightly and that he will remain with the club in an advisory role focused on leadership and culture beyond 2027. His assistant, Peter Wallace, is slated to take over as head coach, giving him a full season to lead the team.Contractual Landscape and Player Off‑Contract Numbers18 months left on Cleary’s contract.Four straight premierships (2021‑2024) under his second stint.Key players—including son Nathan Cleary, captain Isaah Yeo and back‑rower Liam Martin—are off‑contract at the end of next season.Panthers have won 10 of 11 games this season, sitting atop the NRL ladder.Implications for the Panthers’ Dynasty and NRL Power BalanceThe move threatens the collapse of what many consider the most dominant modern‑day NRL dynasty. With several star players facing free‑agency decisions, retaining the core squad will be a major challenge for the club’s hierarchy.Outlook: What Lies Ahead for Penrith and the NRLCleary believes his early announcement provides clarity for contract negotiations and gives Wallace a solid footing. If the Panthers can keep their marquee talent, they may extend their dominance; otherwise, the NRL could see a power shift as rivals vie for the departing stars.

The Quick Collapse of the $1.5bn Gold Coast Trump Tower DealIn February, David Young of Altus Property Group and Eric Trump announced a partnership to build the tallest tower in Australia on the Gold Coast, branding it Trump International Hotel & Tower Gold Coast. Within three months the agreement was terminated, with both sides blaming each other.Why Altus Property Group Cited the Trump Brand as ‘Toxic’Young posted on LinkedIn that the ongoing war in Iran had made the Trump brand “toxic to Australians”, claiming the negative perception was “pure sensationalism” and not related to the President himself.Altus argued the brand’s image was harming marketability.The Trump Organization responded that Altus failed to meet basic financial obligations.Financial Stakes: $1.5bn Project and Developer’s Bankruptcy HistoryProjected investment: $1.5 billion.Young has declared bankruptcy twice; the first was later annulled.The Trump Organization alleged missed payments upon execution of the agreement.Implications for Luxury Branding and Gold Coast DevelopmentThe fallout highlights the risk of attaching politically charged brands to high‑profile real‑estate projects, especially in a market sensitive to international conflicts. Gold Coast mayor Tom Tate confirmed no formal planning application had been submitted, underscoring regulatory caution.What’s Next for the Site and Similar High‑Profile ProjectsAnalysts predict the land will likely be re‑marketed under a different brand, but securing financing may remain challenging given the developer’s track record. The episode may deter other developers from pursuing “flash‑in‑the‑pan” branding strategies without solid financial backing.

The Lead Rachel Reeves, the UK's first female chancellor of the exchequer, faced an unexpected challenge in her office at No. 11 Downing Street: a historic urinal that she couldn't get rid of. The urinal, which had been used by various chancellors including Winston Churchill, became a symbol of the barriers to change in a conservative country. The Event Details The urinal's presence was highlighted by satirist Rosie Holt in her new play, 'Churchill's Urinal', which premiered at the King's Head in London. Holt's play explores the themes of sexism, tribalism, and the challenges faced by women in traditionally male-dominated fields. The play began as a work-in-progress at the Shedinburgh venue last August and has since evolved into a theatre production. The Impact Analysis The play 'Churchill's Urinal' is not just a humorous take on Reeves' experience but also a commentary on the current state of British politics. Holt's work often addresses the absurdities of modern Britain, and this play is no exception. It highlights the difficulties faced by women in politics, including the extreme abuse and sexism they encounter. The Prediction The play is expected to spark discussions and debates about the role of women in politics and the challenges they face. With its mix of satire and social commentary, 'Churchill's Urinal' aims to provide a humorous yet thought-provoking look at the current state of British politics. The play will run at the King's Head in London from May 13 to June 6.

Roberto Sanchez, the left‑leaning presidential candidate of Juntos por el Peru, has been formally accused of financial crimes, with prosecutors seeking a five‑year‑four‑month prison term and a permanent ban from holding the presidency.Undisclosed Campaign Contributions Trigger Criminal ChargesProsecutors allege that Sanchez and his brother William Sanchez received more than 280,000 Peruvian soles (≈ $81,720) in contributions and membership fees between 2018 and 2020, which were omitted from the party’s financial disclosures to the National Office of Electoral Processes.Financial Scope of the AllegationsUndisclosed amount: 280,000 solesPeriod covered: 2018‑2020Proposed sentence: 5 years 4 months imprisonmentAdditional penalty: permanent disqualification from the presidencyPotential Ripple Effects on Peru’s Run‑off ElectionThe charges emerge just after electoral authorities confirmed Sanchez’s place in the June 7 run‑off against conservative rival Keiko Fujimori. A conviction could bar him from office, reshaping the dynamics of a contest that currently shows Fujimori leading with 17.17 % of the vote and Sanchez at 12 %.Judicial Timeline and What It Means for VotersA judge is slated to rule on May 27 whether the case proceeds to trial. If the case moves forward, Sanchez may be unable to campaign effectively, potentially boosting Fujimori’s chances or opening space for other candidates.

Southampton Secure Wembley Spot with 116th‑Minute HeroicsSouthampton advanced to the Championship playoff final after a roller‑coaster semi‑final that stretched beyond 130 minutes of play. A late extra‑time goal from Shea Charles sent the Saints to Wembley, while lingering allegations of misconduct hover over the club. Shea Charles' Extra‑Time Strike Decides the Semi‑FinalWith the tie poised for a penalty shoot‑out, Charles, operating on the right flank, delivered a left‑footed cross that slipped past defender Dael Fry and found the back post for the decisive goal in the 116th minute. The midfielder, already famed for clutch moments in the FA Cup and Premier League, added another highlight to his résumé. Match Statistics Highlight Southampton’s ResilienceTotal playing time: 130+ minutes (including extra time)Middlesbrough shots: 21 (5 on target)Southampton shots on target: 0 in the first leg, but increased pressure in extra timeKey goals: Riley McGree (4’), Morgan Whittaker (10’), James Bree free‑kick leading to equaliser, Ross Stewart header Spygate Allegations Cast Shadow Over Southampton’s TriumphOn the eve of the first leg, the English Football League charged Southampton with two counts of misconduct linked to a “spygate 2.0” subplot. Phil Parsons, the club’s chief executive, announced an internal review while the disciplinary commission awaits their response. The controversy intensified with on‑field incidents, including alleged discriminatory remarks and a ball‑boy dispute. What the Final Against Hull City Could Mean for Both ClubsIf the disciplinary outcome proves unfavorable, Southampton may face sanctions that could impact squad availability for the final against Hull City. Conversely, a clean resolution would allow the Saints to focus on a high‑stakes showdown, while Hull City prepares to capitalize on any potential disruption.

The International Committee of the Red Cross (ICRC) reports that displacement in Colombia doubled in 2025, with over 235,619 people forced from their homes, marking the worst humanitarian year in a decade.The Surge in Displacement Amid Colombia’s Fragmented ConflictSince the 2016 ceasefire with the Revolutionary Armed Forces of Colombia (FARC), the conflict has splintered into multiple dissident and criminal groups. The ICRC’s annual report highlights that this fragmentation has reignited violence across the country, especially in the border department of Norte de Santander, where 42 % of the displaced are concentrated.Numbers That Reveal a Humanitarian Crisis235,619 individuals displaced in 2025 (double the 2024 figure)Mass‑displacement events affected > 87,000 peopleExplosive‑related casualties: 965 killed or injuredExplosive incidents rose > 33 % year‑on‑yearLockdowns in small communities increased by nearly 100 %Why the Conflict’s Fragmentation Is Deepening SufferingFragmented armed groups compete for control of illicit economies, leading to a surge in the use of drones and improvised explosive devices. Civilians face “lockdowns” that restrict access to education, crops, and essential services, eroding the social fabric and livelihoods of entire regions.What the Future Holds for Peace Efforts and Civilian SafetyPresident Gustavo Petro’s “Total Peace” negotiations remain stalled as right‑wing factions demand a hardline approach ahead of the May 31 elections. Analysts warn that without a credible security framework, displacement trends are likely to continue rising, pressuring both national and international actors to intervene.