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Trump, Musk feud explodes with threats of cutting contracts, backing impeachment

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President Donald Trump threatened on Thursday to cut off government contracts with billionaire Elon Musk’s companies, while Musk suggested Trump should be impeached, turning their bromance into an all-out brawl on social media.

The hostilities began when Trump criticized Tesla CEO Musk in the Oval Office. Within hours, the once-close relationship had disintegrated in full public view, as the world’s most powerful man and its richest launched personal barbs at one another on Trump’s Truth Social and Musk’s X, Reuters reported.

“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” Trump posted on Truth Social.

Wall Street traders dumped shares of Musk’s electric vehicle maker and Tesla closed down 14.3%, losing about $150 billion in market value. It was Tesla’s largest single-day decline in value in its history.

Minutes after the closing bell, Musk replied, “Yes,” to a post on X saying Trump should be impeached. Trump’s Republicans hold majorities in both chambers of Congress and are highly unlikely to impeach him.

The trouble between the two started brewing days ago, when Musk denounced Trump’s sweeping tax-cut and spending bill. The president initially held his tongue while Musk campaigned to torpedo the bill, saying it would add too much to the nation’s $36.2 trillion in debt.

Trump broke his silence on Thursday, telling reporters in the Oval Office he was “very disappointed” in Musk.

“Look, Elon and I had a great relationship. I don’t know if we will anymore,” Trump said.

While Trump spoke, Musk responded with increasingly acerbic posts on X.

“Without me, Trump would have lost the election,” wrote Musk, who spent nearly $300 million backing Trump and other Republicans in last year’s election. “Such ingratitude.”

In another post, Musk asserted that Trump’s signature tariffs would push the U.S. into a recession later this year.

Besides Tesla, Musk’s businesses include rocket company and government contractor SpaceX and its satellite unit Starlink.

Musk, whose space business plays a critical role in the U.S. government’s space program, said that as a result of Trump’s threats he would begin decommissioning SpaceX’s Dragon spacecraft. Dragon is the only U.S. spacecraft currently capable of sending astronauts to the International Space Station.

Hours later, Musk appeared to reverse that move. Responding to a follower on X urging Musk and Trump to “cool off and take a step back for a couple of days,” Musk wrote: “Good advice. Ok, we won’t decommission Dragon.”

In another possible sign of de-escalation on Thursday evening, Musk separately posted, “You’re not wrong,” in response to hedge fund manager Bill Ackman saying Trump and Musk should make peace.

PUGILISTIC PAIR

The feud was not entirely unexpected. Trump and Musk are both political pugilists with sizable egos and a penchant for using social media to punch back against their perceived enemies, and many observers had predicted an eventual falling out.

Even before Musk’s departure from the administration last week, his influence had waned following a series of clashes with cabinet members over his cuts to their agencies.

For Trump, the fight was the first major rift he has had with a top adviser since taking office for a second time, after his first term was marked by numerous blow-ups.

Trump parted ways with multiple chiefs of staff, national security advisers and political strategists during his 2017-2021 White House tenure. A few, like Steve Bannon, remained in his good graces, while many others, like U.N. Ambassador John Bolton, became loud and vocal critics.

After serving as the biggest Republican donor in the 2024 campaign season, Musk became one of Trump’s most visible advisers as head of the Department of Government Efficiency, which mounted a sweeping and controversial effort to downsize the federal workforce and slash spending.

Musk was frequently present at the White House and made multiple appearances on Capitol Hill, sometimes carrying his young son.

Only six days before Thursday’s blowup, Trump and Musk held an appearance in the Oval Office where Trump praised Musk’s government service and both men promised to continue working together.

A prolonged feud between Trump and Musk could make it more difficult for Republicans to keep control of Congress in next year’s midterm elections. In addition to his campaign spending, Musk has a huge online following and helped connect Trump to parts of Silicon Valley and wealthy donors.

Musk had already said he planned to curtail his political spending in the future.

Soon after Trump’s Oval Office comments on Thursday, Musk polled his 220 million followers on X: “Is it time to create a new political party in America that actually represents the 80% in the middle?”

‘KILL THE BILL’

Musk targeted what Trump has named his “big, beautiful bill” this week, calling it a “disgusting abomination” that would deepen the federal deficit. His attacks amplified a rift within the Republican Party that could threaten the bill’s prospects in the Senate.

Nonpartisan analysts say Trump’s bill could add $2.4 trillion to $5 trillion to the nation’s $36.2 trillion in debt.

Trump asserted that Musk’s true objection was the bill’s elimination of consumer tax credits for electric vehicles. The president also suggested that Musk was upset because he missed working for the White House.

“He’s not the first,” Trump said on Thursday. “People leave my administration… then at some point they miss it so badly, and some of them embrace it and some of them actually become hostile.”

Musk wrote on X, “KILL the BILL,” adding he was fine with Trump’s planned cuts to EV credits as long as Republicans rid the bill of “mountain of disgusting pork” or wasteful spending.

He also pulled up past quotes from Trump decrying the level of federal spending, adding, “Where is this guy today?”

Musk came into government with brash plans to cut $2 trillion from the federal budget. He left last week having cut only about half of 1% of total spending while causing disruption across multiple agencies.

Musk’s increasing focus on politics provoked widespread protests at Tesla sites in the U.S. and Europe, driving down sales while investors fretted that Musk’s attention was too divided.

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Bangladesh court sentences former PM Sheikh Hasina to death

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A special tribunal in Dhaka has sentenced former Bangladeshi Prime Minister Sheikh Hasina to death in absentia, finding her guilty of crimes against humanity for her government’s role in the deadly crackdown on student-led protests in 2024.

The verdict, delivered by a three-judge panel of the International Crimes Tribunal, concluded that Hasina directly ordered and oversaw operations that resulted in large-scale killings during the July–August unrest that ultimately led to the collapse of her administration.

The 453-page judgment described her as the “mastermind” behind the violent suppression, which left hundreds dead and thousands injured across the country.

Alongside Hasina, former Home Minister Asaduzzaman Khan Kamal was also sentenced to death. Former police chief Chowdhury Abdullah Al-Mamun, who cooperated with investigators, received a five-year prison term.

Hasina, 78, fled Bangladesh in August 2024 as public anger surged over alleged abuses of power and human rights violations. She has since been living in exile in India and has dismissed the charges as politically motivated. In her first reaction to the ruling, she denounced the verdict as “biased,” claiming the tribunal lacked independence.

The tribunal’s findings stated that security forces used drones, helicopters, and live ammunition to suppress demonstrators, many of whom were unarmed university students demanding reforms and accountability. Some international estimates have put the death toll as high as 1,400, though the exact figure remains disputed.

Political tensions in Bangladesh have remained high since Hasina’s ouster. Nobel laureate Muhammad Yunus has been leading an interim government tasked with restoring stability and preparing the country for a new political roadmap. Meanwhile, Hasina’s Awami League has rejected the tribunal’s decision and has begun organizing protests demanding her exoneration.

The ruling marks one of the most dramatic moments in Bangladesh’s recent political history, setting the stage for prolonged legal and diplomatic battles as the country grapples with the legacy of last year’s unrest and the future of its democratic institutions.

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Hamas quietly reasserts control in Gaza as post-war talks grind on

A new Gaza government can be formed once the United Nations approves Trump’s plan, the spokesperson said, adding that progress has been made towards forming the multinational force.

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From regulating the price of chicken to levying fees on cigarettes, Hamas is seeking to widen control over Gaza as U.S. plans for its future slowly take shape, Gazans say, adding to rivals’ doubts over whether it will cede authority as promised, Reuters reported.

After a ceasefire began last month, Hamas swiftly reestablished its hold over areas from which Israel withdrew, killing dozens of Palestinians it accused of collaborating with Israel, theft or other crimes. Foreign powers demand the group disarm and leave government but have yet to agree who will replace them.

Now, a dozen Gazans say they are increasingly feeling Hamas control in other ways. Authorities monitor everything coming into areas of Gaza held by Hamas, levying fees on some privately imported goods including fuel as well as cigarettes and fining merchants seen to be overcharging for goods, according to 10 of the Gazans, three of them merchants with direct knowledge.

Ismail Al-Thawabta, head of the media office of the Hamas government, said accounts of Hamas taxing cigarettes and fuel were inaccurate, denying the government was raising any taxes.

The authorities were only carrying out urgent humanitarian and administrative tasks whilst making “strenuous efforts” to control prices, Thawabta said. He reiterated Hamas’ readiness to hand over to a new technocratic administration, saying it aimed to avoid chaos in Gaza: “Our goal is for the transition to proceed smoothly”.

Hatem Abu Dalal, owner of a Gaza mall, said prices were high because not enough goods were coming into Gaza. Government representatives were trying to bring order to the economy – touring around, checking goods and setting prices, he said.

Mohammed Khalifa, shopping in central Gaza’s Nuseirat area, said prices were constantly changing despite attempts to regulate them. “It’s like a stock exchange,” he said.

“The prices are high. There’s no income, circumstances are difficult, life is hard, and winter is coming,” he said.

U.S. President Donald Trump’s Gaza plan secured a ceasefire on October 10 and the release of the last living hostages seized during the Hamas-led October 7, 2023 attacks on Israel.

The plan calls for the establishment of a transitional authority, the deployment of a multinational security force, Hamas’ disarmament, and the start of reconstruction.

But Reuters, citing multiple sources, reported this week that Gaza’s de facto partition appeared increasingly likely, with Israeli forces still deployed in more than half the territory and efforts to advance the plan faltering.

Nearly all of Gaza’s 2 million people live in areas controlled by Hamas, which seized control of the territory from President Mahmoud Abbas’ Palestinian Authority (PA) and his Fatah Movement in 2007.

Ghaith al-Omari, a senior fellow at the Washington Institute think-tank, said Hamas’ actions aimed to show Gazans and foreign powers alike that it cannot be bypassed.

“The longer that the international community waits, the more entrenched Hamas becomes,” Omari said.

Asked for comment on Gazans’ accounts of Hamas levying fees on some goods, among other reported activities, a U.S. State Department spokesperson said: “This is why Hamas cannot and will not govern in Gaza”.

A new Gaza government can be formed once the United Nations approves Trump’s plan, the spokesperson said, adding that progress has been made towards forming the multinational force, Reuters reported.

The PA is pressing for a say in Gaza’s new government, though Israel rejects the idea of it running Gaza again. Fatah and Hamas are at odds over how the new governing body should be formed.

Munther al-Hayek, a Fatah spokesperson in Gaza, said Hamas actions “give a clear indication that Hamas wants to continue to govern”.

In the areas held by Israel, small Palestinian groups that oppose Hamas have a foothold, a lingering challenge to it.

Gazans continue to endure dire conditions, though more aid has entered since the ceasefire.

A senior Gazan food importer said Hamas hadn’t returned to a full taxation policy, but they “see and record everything”.

They monitor everything that enters, with checkpoints along routes, and stop trucks and question drivers, he said, declining to be identified. Price manipulators are fined, which helps reduce some prices, but they are still much higher than before the war began and people complain they have no money.

Hamas’ Gaza government employed up to 50,000 people, including policemen, before the war. Thawabta said that thousands of them were killed, and those remaining were ready to continue working under a new administration.

Hamas authorities continued paying them salaries during the war, though it cut the highest, standardizing wages to 1,500 shekels ($470) a month, Hamas sources and economists familiar with the matter said. It is believed that Hamas drew on stockpiled cash to pay the wages, a diplomat said.

The Hamas government replaced four regional governors who were killed, sources close to Hamas said. A Hamas official said the group also replaced 11 members of its Gaza politburo who died.

Gaza City activist and commentator Mustafa Ibrahim said Hamas was exploiting delays in the Trump plan “to bolster its rule”. “Will it be allowed to continue doing so? I think it will continue until an alternative government is in place,” he said.

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Trump says he is considering F-35 fighter jet deal with Saudis

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U.S. President Donald Trump said on Friday that he is considering agreeing to a deal to supply Saudi Arabia with F-35 stealth fighter jets, which are made by Lockheed Martin.

“They wanna buy a lot of jets,” Trump told reporters aboard Air Force One, Reuters reported.

“I’m looking at that. They’ve asked me to look at it. They want to buy a lot of ’35’ – but they want to buy actually more than that, fighter jets.”

The potential sale comes as Trump plans to host Saudi Crown Prince Mohammed bin Salman at the White House next week, when they are expected to sign economic and defense agreements.

Asked about the talks, Trump told reporters it was “more than meeting, we’re honoring” Saudi Arabia.

He repeated that he hoped Saudi would soon join the Abraham Accords, which have normalized relations between Israel and Muslim-majority nations. Riyadh has resisted such a step absent agreement on a roadmap to Palestinian statehood.

A Pentagon intelligence report has raised concerns over the potential F-35 deal, warning that China could acquire the aircraft’s technology if the sale proceeds, the New York Times reported on Thursday, citing people familiar with the assessment.

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