Foreign
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.
“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.
Tesla shares slide as Trump hits back at Musk over spending bill
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.
Foreign
US Targets Alleged ISIS Funding Network, Names Nigerian
The United States government has identified a Nigerian national among several individuals and organisations accused of facilitating financial operations for the Islamic State of Iraq and Syria (ISIS), as part of a broader crackdown on the group’s global funding network.
In a statement issued by the U.S. Department of State, officials said the action targeted three individuals and six entities operating across Europe, the Middle East, and West Africa, who are allegedly involved in moving funds used to support ISIS activities.
According to the department, the measures are aimed at disrupting the terrorist group’s ability to finance attacks and sustain its international operations.
“Under the leadership of President Trump, the United States is dismantling ISIS’s ability to finance terrorism around the world. We are cutting off the financial lifelines from around the world that enable ISIS to fund attacks, support its regional affiliates, and threaten civilians, including religious minorities,” spokesperson Thomas Pigott said.
The statement noted that the network spans France, Syria, Türkiye, and Nigeria, and is believed to have facilitated the cross-border movement of funds linked to the extremist group.
Officials alleged that the designated individuals include a France-based facilitator connected to explosives-related information shared with ISIS supporters, a Syria-based operator who reportedly used cryptocurrency to transfer funds internationally, and a Nigeria-based facilitator whose money exchange businesses were allegedly used as channels for ISIS financing.
The U.S. government said the designations are part of ongoing efforts to dismantle financial pipelines supporting terrorist organisations and to restrict their global operations.
Foreign
Seven PMs In 10 Years: Britain’s Decade Of ‘Change’
Britain will have its seventh prime minister in 10 years after Labour leader Keir Starmer was ousted on Monday by his own party.
The party’s self-inflicted wound was a trend set by the Conservatives when they were in office.
Starmer announced his resignation on Monday following months of nose-diving poll ratings and manoeuvring by his own MPs.

Veteran Labour politician Andy Burnham has confirmed he will seek to replace him.
The main opposition Tories went through five prime ministers between 2016 and July 2024 when Starmer swept to power in a landslide general election victory.
The rapid turnover at the top prompted Starmer — before he became prime minister — to call for an end to the “chaos” of chopping and changing leaders.
After less than two years, Starmer has now met a similar fate himself.
Here’s what happened to his predecessors:
David Cameron (May 2010 to July 2016)

Britain’s decision to leave the European Union ended Cameron’s second term as prime minister.
After the country voted to leave in a June 2016 referendum, Cameron, who had campaigned to remain in the bloc, resigned.
Theresa May (July 2016 to July 2019)

Tolga AKMEN / AFP
May took over amid the fallout from the Brexit referendum after a long tenure in the notoriously difficult post of interior minister.
She called a snap election the following year to strengthen her hand in Brexit negotiations, but the move backfired when her party emerged as the biggest in parliament but without a majority.
Unable to get her Brexit deal through parliament, the Conservatives suffered a drubbing in European Parliament elections in May 2019, leading to her resignation.
Boris Johnson (July 2019 to September 2022)

Johnson, a maverick politician famed for making a career out of breaking the rules, had to navigate the coronavirus pandemic and Britain’s departure from the European Union.
He led the Conservatives to victory in the December 2019 snap general election.
But weakened by scandals, he was eventually forced to step down following a cascade of resignations by ministers and aides.
Liz Truss (September 2022 to October 2022)

Truss was prime minister for just 49 days, the shortest on record, before being ousted over her disastrous tax-cutting mini-budget.
Her economic agenda spooked the markets and took the UK to the brink of financial meltdown, losing her the support of her own party.
Rishi Sunak (October 2022 to July 2024)

Sunak was at the helm for 20 months before losing the 2024 general election to Starmer, bringing to an end 14 years of Conservative rule.
He brought some stability following the Truss debacle but failed to stop bitter Tory infighting.
The privately wealthy former financier ultimately failed to connect with regular voters struggling with a cost-of-living crisis.
AFP
Foreign
Trump To End HIV Funding For South Africa Over Violence
The US government says it will stop funding programmes in South Africa intended to tackle the spread of HIV and Aids.
More than eight million South Africans are living with HIV – the highest number of any country in the world.
The US State Department appeared to link the decision to South Africa’s alleged failure to protect the white-minority Afrikaner community – an allegation the South African government has repeatedly rejected.
South Africa’s health ministry responded by saying that though it had not been informed of this decision, it had “long been working on a self-reliance plan”.
Until 2025, the US was supporting South Africa’s efforts to deal with the virus with an estimated $400m (£300m) a year through the President’s Emergency Fund for Aids Relief (PEPFAR).
But since the inauguration of President Donald Trump, relations between the two countries have increasingly soured.
Shortly after he came into office, Trump issued an executive order alleging that “countless” South African policies dismantled equal opportunities and fuelled violence “against racially disfavored landowners”.
This is disputed by the South African government, which says its Black Economic Empowerment policy is needed to correct economic inequality dating from the apartheid era.
The executive order also highlighted South Africa’s case against Israel at the International Court of Justice and its links to Iran.
The White House said that given these “unjust and immoral practices”, further aid to South Africa would not be provided.
Trump has also falsely alleged that there is a “white genocide” taking place in South Africa, which has led to the administration setting up a refugee programme for Afrikaners – descendants of Western Europeans who settled in southern Africa in the 17th Century.
They are now just about the only refugees being allowed into the US.
The genocide claim has been widely discredited.
Pepfar funding, which had been providing about a fifth of South Africa’s total spending on HIV programmes, got a reprieve last October with what was called a “bridge plan”.
But a US State Department official has confirmed that a “phased drawdown” of Pepfar funding would now start.
This was because of “South Africa’s failure to make demonstrable progress on policy requests by the administration”, the official said.
The US government intended to “foster self-reliance” and reduce dependency on American funding, they added, pointing out that “South Africa is a middle-income country and is more than capable of supporting its own health programs”.
South Africa’s health ministry has said that while Pepfar contributed to the country’s HIV programme, the provision of life-saving antiretroviral drugs was funded entirely separately, with most coming from the government.
Attempts to mend US-South Africa relations have floundered. These include a high-profile White House meeting between Trump and South African President Cyril Ramaphosa just over a year ago, when the US president confronted his counterpart with his claims of white persecution.
The US also boycotted the G20 meeting, a gathering of the world’s major economies, hosted by South Africa last November.
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