Author: ALJAZEERA

Acting Enforcement Director Cara Petersen has served with the United States agency since it was founded.The top remaining enforcement official at the United States Consumer Financial Protection Bureau (CFPB) has tendered her resignation, saying the White House’s overhaul of the agency has made her position untenable. Acting Enforcement Director Cara Petersen, who has served at the agency since its creation nearly 15 years ago, said that current leadership under US President Donald Trump “has no intention to enforce the law in any meaningful way”, according to an email first obtained by the Reuters news agency.   “I have served under…

The cuts will represent 6 percent of its total workforce.Procter & Gamble has said it will cut six percent of its workforce, or 7,000 jobs, over the next two years as it undertakes a restructuring programme as tariffs raise costs and uncertainty for businesses and consumers. The world’s largest consumer goods company, which makes products ranging from Tide detergent to Pampers diapers, announced the job cuts on Thursday at a Deutsche Bank’s Consumer Conference in Paris. The Cincinnati, Ohio-based consumer goods giant also plans to exit some product categories and brands in certain markets, including some potential divestitures, as part…

Washington, DC – The ties between United States President Donald Trump and billionaire Elon Musk have seen highs and lows throughout the years. But it all came crashing down on Thursday after months of what appeared to be an unshakable alliance in the White House. A disagreement over Trump’s massive tax bill has escalated over the past few days, with Musk going so far as to suggest that the US president should be impeached. In a series of social media posts, Musk launched personal attacks against Trump, culminating in a claim, made without evidence, that Trump is in the “Epstein…

Employers in the United States have slowed hiring even though they added a solid 139,000 jobs in May. While that was higher than the forecast of 133,000 jobs, it was lower than the 147,000 hires in April,  Labor Department data released on Friday showed. It also sharply revised downward the data for March and April by 95,000 jobs. The US Labor Department said the biggest gains were in the healthcare industry which added 62,000 jobs; followed by the leisure and hospitality sector which added 48,000, 30,000 of which were in food services. The social services sector followed suit, adding about…

The mandate that the DoT challenged was a key part of former US President Joe Biden’s plan to address climate change.The United States Department of Transportation (DoT) has declared that former President Joe Biden’s administration exceeded its authority by assuming a high uptake of electric vehicles in calculating fuel economy rules. With that declaration on Friday, the DoT paved the way for looser fuel standards and published the “Resetting the Corporate Average Fuel Economy Program” (CAFE) rule. A future separate rule from the administration of President Donald Trump will revise the fuel economy requirements. “We are making vehicles more affordable…

Elon Musk, CEO of Tesla and self-proclaimed “first buddy” of United States President Donald Trump, has stepped up criticism of the president’s massive tax legislation in recent days, leading to a blow-up which saw Tesla stock plunge and Musk saying he would decommission Dragon aircraft immediately. NASA relies on SpaceX’s Dragon spacecraft to ferry astronauts to and from the International Space Station under a contract worth roughly $4.9bn. The capsule is the only US spacecraft capable of flying humans in orbit. Musk’s statement marks a dramatic escalation in an intensifying fight with Trump that burst into public view this week,…

In a news statement this week, the White House cherry-picked personal income tax-related elements in the “big, beautiful bill”, the wide-ranging tax and spending bill being pushed by United States President Donald Trump, and claimed that, in opposing the legislation as a whole, the Democratic Party was opposed to every individual item contained within it. Such a tactic is misleading, particularly since the White House cited measures in the bill that have been championed by Democrats to improve the lives of Americans and are not the reasons the Democrats have given for opposing the “big beautiful bill”. Here’s a fact-check…

Billionaire Elon Musk has renewed his criticisms of United States President Donald Trump’s signature budget bill, calling it a “disgusting abomination” in a series of social media posts. On Tuesday, just days after leaving his post in the Trump administration, Musk offered yet another broadside against the legislation, known as the One Big Beautiful Bill. “I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination,” Musk wrote. “Shame on those who voted for it: you know you did wrong. You know it.” His subsequent posts laid out the reasoning for his…

A federal appeals court has temporarily reinstated (PDF) US President Donald Trump’s tariffs a day after a trade court ruled that it exceeded the authorities granted to the president. The United States Court of Appeals for the Federal Circuit in Washington temporarily blocked the lower court’s decision on Thursday, but provided no reasoning for the decision, only giving the plaintiffs until June 5th to respond. The Court of Appeals for the Federal Circuit granted an emergency motion from the Trump administration arguing that a halt is “critical for the country’s national security”. The White House has applauded the move. “You…

Google has been back in federal court to fend off the United States Department of Justice’s attempt to topple its internet empire at the same time it is navigating a pivotal shift to artificial intelligence (AI) that could undercut its power. On Friday, the legal and technological threats facing Google were among the key issues being dissected during the closing arguments of a legal proceeding that will determine the changes imposed upon the company in the wake of its dominant search engine being declared an illegal monopoly by US District Judge Amit Mehta last year. Brandishing evidence presented during a recent…