Trump extends delay on US TikTok ban until mid-December
US President Donald Trump on Tuesday extended a delay on enforcing a ban against TikTok until December 16, marking the fourth postponement of a law designed to force the app’s sale from its Chinese owner. The announcement, made through an executive order, came despite Trump telling reporters Tuesday that the United States and China had […]
Trump’s pick for US Fed governor vows to uphold independence
Donald Trump’s pick to join the Federal Reserve’s board of governors pledged Thursday to uphold US central bank independence if confirmed, as the institution faces growing political pressure from the president to slash interest rates. “The Federal Open Market Committee is an independent group with a monumental task, and I intend to preserve that independence,” […]
Trump, Intel announce deal giving US a 10% stake in chipmaker
Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald Trump announced Friday. The deal came after Trump’s administration said Intel should give Washington an equity stake in exchange for large grants committed when Joe Biden was president. Under the agreement, the US government will […]
Trump unveils investments to power AI boom
US President Donald Trump went to Pennsylvania on Tuesday to announce $92 billion in energy and infrastructure deals intended to meet big tech’s soaring demand for electricity to fuel the AI boom. Trump made the announcement at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University, with much of the talk about beating […]
U.S. trade deficit widens in May as Trump tariffs fuel uncertainty
The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump’s tariffs sent shock waves through the economy and snagged supply chains. Trade data published Thursday showed the world’s biggest economy logged an overall trade gap of $71.5 billion, in the month after Trump imposed […]
Trump advisor Navarro looks to cool spat with Musk
Donald Trump’s trade advisor Peter Navarro on Sunday insisted that “everything’s fine with Elon” Musk, after the Tesla chief called him a “moron.” Musk, who as a fellow member of the American president’s inner circle was charged with government cost-cutting, has clashed with Navarro over the tariffs broadside the president unleashed that reflects his antagonistic […]
Cartoonist quits Washington Post over rejected sketch mocking owner, Trump
An award-winning political cartoonist for The Washington Post has announced her resignation after a cartoon depicting the newspaper’s billionaire owner groveling before Donald Trump was rejected. Ann Telnaes posted on Substack late Friday that this was the first time she “had a cartoon killed because of who or what I chose to aim my pen […]
As Trump returns, China seizes chance for climate mantle
With Donald Trump expected to take the United States again out of climate diplomacy, China, the world’s largest emitter but green energy powerhouse, is seizing on the chance to project itself as the global leader. At COP29 climate talks in Azerbaijan, China has sought to show a cooperative side and for the first time gave […]
Trump continues march towards Republican nomination with victories in Michigan, Missouri and Idaho
Former US president Donald Trump has won the Michigan, Missouri and Idaho caucuses, continuing his march towards the Republican nomination. Mr Trump’s last major rival, former UN ambassador Nikki Haley, is still searching for her first win. In Missouri, Trump voter Tom Mendenall told the crowd: “Every 100 days, we’re spending $1trn, with money going […]
Trump-backing ‘fake electors’ charged over alleged scheme to overturn 2020 US election result
Sixteen Republicans who allegedly signed paperwork to falsely claim Donald Trump had won the 2020 presidential election have been criminally charged. Michigan Attorney General Dana Nessel said there was a “coordinated effort to award the state’s electoral votes to the candidate of their choosing”. It is the first time anyone has been charged for trying […]