Buying a home in Australia can feel almost impossible at times.

Here's what’s behind the country’s housing crisis. https://www.bloomberg.com/news/features/2025-04-16/australian-house-prices-why-are-they-so-high-what-are-the-election-policies

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Maryland Sen. Chris Van Hollen traveled to El Salvador on Wednesday and met with the country's vice president to push for the release of Kilmar Abrego Garcia, a man who was sent there by the Trump administration in March despite an immigration court order preventing his deportation.

Van Hollen, a member of the Senate Foreign Relations Committee, said at a news conference in San Salvador after the meeting that Vice President Félix Ulloa said his government could not return Abrego Garcia to the United States and declined to allow Van Hollen to visit him in the notorious gang prison where he is being held.

The Trump administration and Salvadoran President Nayib Bukele said this week that they have no basis to send him back, even as the U.S. Supreme Court has called on the administration to facilitate his return. Trump officials have said that Abrego Garcia, a Salvadoran citizen who was living in Maryland, has ties to the MS-13 gang, but his attorneys say the government has provided no evidence of that and Abrego Garcia has disputed that claim.

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The top U.S. commander in the Pacific warned senators that the military support China and North Korea are giving Russia in its war on Ukraine is creating a security risk in his region as Moscow provides critical military assistance to both in return.

Adm. Samuel Paparo, head of U.S. Indo-Pacific Command, told the Senate Armed Services Committee that China has provided 70% of the machine tools and 90% of the legacy chips to Russia to help Moscow “rebuild its war machine.”

In exchange, he said, China is potentially getting help in technologies to make its submarines move more quietly, along with other assistance.

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President Donald Trump said negotiators made "big progress" after a meeting with a Japanese delegation on Wednesday aimed at securing a deal that would avoid higher levies he has threatened against US trading partners.

"A Great Honor to have just met with the Japanese Delegation on Trade. Big Progress," Trump wrote in a post to his Truth Social network.

Trump earlier in the day had said he would personally attend the talks, which were led by the US Treasury and Commerce Departments. Japan's economic revitalization minister Ryosei Akazawa arrived in Washington to conduct the negotiations.

Read more: https://www.bloomberg.com/news/articles/2025-04-16/trump-to-join-japan-talks-today-on-tariffs-military-support?sref=omvmmwIg

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California Governor Gavin Newsom sued to halt Donald Trump’s tariffs, setting up a high-stakes legal challenge to the president’s landmark effort to overhaul global trade.

The state is challenging Trump’s use of emergency powers to enact broad tariffs against Mexico, China and Canada. The governor cited harm to consumers and businesses, including those in agriculture and entertainment, in California, which has the world’s fifth-largest economy.

“President Trump’s new tariff regime has already had devastating impacts on the economy, creating chaos in the stock and bond markets, wiping out hundreds of billions of dollars in market capitalization in hours, chilling investment in the face of such consequential presidential action with no notice or process, and threatening to push the country into recession,” according to the complaint filed Wednesday in San Francisco federal court.

Newsom, a Democrat who’s considered a likely candidate to run for president in 2028, and California Attorney General Rob Bonta are seeking a court order to immediately block the levies. “No state is poised to lose more than the state of California,” Newsom said at a press conference as he warned of dire consequences for the state’s budget and economy.

Read more: https://www.bloomberg.com/news/articles/2025-04-16/california-s-newsom-says-state-to-sue-over-trump-s-tariffs

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Former President Joe Biden warned on Tuesday that President Donald Trump has “taken a hatchet” to Social Security, weighing in on a critical issue for millions of Americans as the 82-year-old Democrat briefly returned to the national stage.

Biden, who has largely avoided speaking publicly since leaving the White House in January, gave an evening speech at the national conference of Advocates, Counselors and Representatives for the Disabled in Chicago. The former president was speaking as Democrats across the nation offered similar warnings for what they described as a Social Security Day of Action.

“In fewer than 100 days, this new administration has done so much damage and so much destruction. It’s kind of breathtaking,” Biden charged during a speech that spanned just under a half-hour. “They’ve taken a hatchet to the Social Security Administration.”

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Malaysia’s prime minister heaped praise on Chinese President Xi Jinping during his state visit to the country as both leaders pledged stronger trade ties to combat rising global protectionism triggered by US tariffs.

The two leaders signed 31 cooperation agreements ranging from artificial intelligence to mutual visa exemptions and global security on Wednesday in Putrajaya. At a dinner following the signing ceremony, Malaysian Prime Minister Anwar Ibrahim called Xi a steady leader in a time of global upheaval.

“In these trying times, the world yearns for steadiness, reliability and purpose,” Anwar said. “We see this in China’s conduct. Malaysia acknowledges such steadiness with quiet recognition and is conscious not only of the calm it has brought, but of the hope it may continue to offer.”

Read more: https://www.bloomberg.com/news/articles/2025-04-16/xi-promotes-chinese-investment-in-malaysia-on-trip-to-boost-ties?sref=omvmmwIg

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Harvard University’s decision to stand up to President Donald Trump sparked cheers from politicians across Massachusetts, but the resulting federal funding cuts risk imperiling the region’s primary economic engine.

Harvard on Monday refused to strike a deal with the Trump administration after threats to cut off as much as $9 billion in financial support, saying its demands went beyond the stated mission of combating antisemitism and threatened the school’s independence.

The retribution came quickly: hours later, a government task force announced that it plans to freeze $2.2 billion of multiyear grants for Harvard, a move Trump again endorsed on Wednesday morning in a social media post saying the school had “lost its way.” But the outpouring of support from the region’s Democratic leaders, many of whom went to Harvard themselves, was equally as swift.

Governor Maura Healey, who captained the basketball team at Harvard, and Senator Elizabeth Warren, who taught at the law school, were among those celebrating the university’s decision to fight back. Congressman Seth Moulton, also an alumnus, raised Boston’s role as a bastion of free speech and religion that was essential to the founding of the country.

Read more: https://www.bloomberg.com/news/articles/2025-04-16/trump-harvard-funding-freeze-threatens-massachusetts-hospitals-economy?srnd=homepage-americas&sref=omvmmwIg

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The terms "woman" and "sex" in the Equality Act refer to a biological woman and biological sex, the Supreme Court has ruled.

Campaign group For Women Scotland (FWS) brought a series of challenges - including to the UK's highest court - over the definition of "woman" in Scottish legislation mandating 50% female representation on public boards.

The dispute centres on whether someone with a gender recognition certificate (GRC) recognising their gender as female should be treated as a woman under the 2010 Equality Act.

Read more: https://www.bloomberg.com/en/news/thp/2025-04-16/-woman-in-equality-law-refers-to-biological-women-supreme-court-rules

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China wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking.

Other conditions include a more consistent US position and a willingness to address China’s concerns around American sanctions and Taiwan, said the person, who asked not to be identified to discuss internal thinking.

Beijing also wants the US to appoint a point person for talks who has the president’s support and can help prepare a deal that Trump and Chinese leader Xi Jinping can sign when they meet, the person said.

Read more: https://www.bloomberg.com/news/articles/2025-04-16/china-open-to-talks-if-trump-shows-respect-names-point-person?sref=omvmmwIg

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