Winds Down

US president offers no news of any breakthrough on Iran. Plus, how renters’ rights could be key issue in midtermsGood morning.In his visit to China, Donald Trump, has seemed to revel in Chinese hospitality and flattery. Walking in the Zhongnanhai Garden in Beijing, the US president was overheard saying that Xi Jinping, the Chinese president, was giving him roses for the White House Rose Garden, according to a pool report.What has China said on Iran? On Fridy, China’s foreign ministry again called for a ceasefire in Iran and said the strait of Hormuz should be opened “as soon as possible”. Ahead of the summit, there was speculation the US might appeal to China, the biggest buyer of Iranian oil, to use its leverage to encourage the country to reopen the strait of Hormuz. But that was walked back by US secretary of state Marco Rubio on Thursday, who said, “We don’t need their help.”What about talks over Taiwan? They weren’t mentioned much. Xi took a firm tone, declaring that “Taiwan independence” and peace in the Taiwan strait were “incompatible”. Trump took a muted approach as he sidestepped questions on Taiwan. A White House readout of the meeting published later also omitted mention of the country.What do Russia’s renewed heavy attacks tell us? Friedrich Merz, the German chancellor, said on Thursday that Russia’s heavy bombardment of Kyiv showed Moscow was “banking on escalation rather than negotiation. Kyiv and its partners are ready for negotiations aimed at a just peace,” Merz said. “Russia, for its part, is continuing the war.” Continue reading...

China calls for ceasefire and opening of seaway, while Donald Trump says Xi feels ‘very similar’ about ending the war in IranTrump in China – latest updatesDonald Trump has claimed that the US and China “feel very similar” about ending the war in Iran but offered no details about a possible breakthrough.The US president was speaking alongside Xi Jinping of China at the Zhongnanhai garden in Beijing on the second and final day of the leaders’ summit. Continue reading...

• The Federal Reserve voted to leave the benchmark federal funds rate unchanged at 3.5% to 3.75% on Wednesday, citing concerns about inflation rising amid the war in Iran. • This marks the continuation of the Fed's pause in rate adjustments following three successive 25-basis-point cuts in September, October, and December 2025. • Fed Chairman Jerome Powell is scheduled to hold a press conference at 2:30 p.m. ET to discuss the decision, marking what could be his final interest-rate announcement as Federal Reserve chair.

• OpenAI announced on March 25, 2026, it is discontinuing support for its Sora video generation model and ending its collaboration with Disney. • The move follows challenges in scaling the technology amid competition and resource constraints in AI media tools. • This reflects broader pressures on AI firms to prioritize core models over experimental features, impacting Hollywood's generative AI adoption.

The 2025-2026 flu season is concluding with one of the lowest vaccine effectiveness rates in more than a decade, with the CDC reporting effectiveness of approximately 25-30% in preventing adults from needing medical care, according to data released Friday. A viral mismatch between the vaccine strain and dominant H3N2 variant that emerged early winter caused the poor performance, with vaccination proving more protective in children at around 40% effectiveness against medical visits. Despite low effectiveness, the CDC estimates 27 million illnesses, 350,000 hospitalizations, and 22,000 deaths from flu this season—substantially lower than the prior year's 40 million illnesses and 520,000 hospitalizations at the same point.