Author: ALJAZEERA

Cook, who has been accused of mortgage fraud, says she will not be ‘bullied’ into resigning by the president.United States President Donald Trump says he will fire Federal Reserve Governor Lisa Cook if she doesn’t quit, intensifying his effort to gain influence over the central bank.“I’ll fire her if she doesn’t resign,” Trump told reporters on Friday during a visit to a Washington, DC, museum focused on the White House.Cook, the first Black woman to serve on the Federal Reserve’s Board of Governors, said she had “no intention of being bullied to step down” after Trump on Wednesday called for her…

Seoul, South Korea – South Korean President Lee Jae-myung is set to meet United States President Donald Trump for the first time in a high-stakes visit to his country’s closest and most important ally.After a one-day meeting with Japanese Prime Minister Shigeru Ishiba in Tokyo, Lee arrived in Washington, DC, on Sunday ahead of an official working-level meeting at the White House with Trump.It will be the first time the two heads of state meet.Their summit follows a trade deal in July in which Washington agreed to cut its reciprocal tariff on South Korea to 15 percent from an initially…

Prime Minister Mark Carney says most Canadian goods will be exempted from US tariffs while some sectoral duties remain.Canadian Prime Minister Mark Carney has said that his country will drop retaliatory tariffs in tandem with tariff exemptions offered by the United States, as the two ease away from their costly trade war.Speaking to reporters on Friday, Carney said that the US clarified that it will not impose tariffs on Canadian goods that comply with the US-Mexico-Canada free trade agreement. Some tariffs on sectors such as steel, aluminium, and cars will remain in place.“In this context and consistent with Canada’s commitment…

The extraordinary development follows a meeting between CEO Lip-Bu Tan and Trump after he called for Tan’s removal.The United States government will take a 10 percent stake in Intel under an agreement with the struggling chipmaker, President Donald Trump has said, marking the latest extraordinary intervention in corporate affairs.The US agreed to purchase a 9.9 percent stake in Intel for $8.9bn at a price of $20.47 a share, which is a discount of about $4 per share from Intel’s closing share price of $24.80 on Friday.The government will buy the 433.3 million shares with funding from the $5.7bn in unpaid…

Cook, who has been accused of mortgage fraud, has said she will not be bullied by Trump into resigning.The United States Department of Justice plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her, Bloomberg News has reported.A letter to Powell from Ed Martin, a Department of Justice (DOJ) official who has led similar investigations into Senator Adam Schiff of California and New York Attorney General Letitia James, said Cook’s case “requires further examination”, Bloomberg reported on Thursday.“At this time, I encourage you…

Trump’s investments include Meta, Wells Fargo, Morgan Stanley, Citigroup, and T-Mobile, according to filing.United States President Donald Trump has bought more than $100m in company and municipal bonds since his return to the White House, financial disclosures show, providing a window into the management of the billionaire’s wealth in office.The filings released by the US Office of Government Ethics on Wednesday detail nearly 700 financial purchases made by Trump from his January 21 inauguration to August 1.The purchases include bonds issued by the financial giants Wells Fargo, Morgan Stanley and Citigroup, as well as those from corporate household names such…

United States President Donald Trump has threatened to impose tariffs of up to 300 percent on semiconductor imports, with exemptions for foreign companies that commit to manufacturing in the US.Trump has cast the proposed tariff as a way to drive investment to the US, but experts say it could also disrupt global supply chains and even penalise companies already making chips in the US.What are the details of Trump’s plan?Few details have been released since Trump announced plans for a 100 percent tariff at a White House event on August 7.The US president said exemptions would be given to companies…

Director of National Intelligence Tulsi Gabbard says change upholds privacy of US users.Apple will no longer be forced to provide the United Kingdom’s government with access to American citizens’ encrypted data, Washington’s spy chief has said, signalling the end of a months-long transatlantic privacy row.Tulsi Gabbard, the United States’ director of national intelligence, said on Monday that London agreed to drop its requirement for Apple to provide a “back door” that would have allowed access to the protected data of US users and “encroached on our civil liberties”.Gabbard said the reversal was the result of months of engagement with the…

United States President Donald Trump has marked the 90th anniversary of Social Security with a defence of his administration’s policies toward the programme — and attacks on his Democratic rivals.On Thursday, Trump signed a presidential proclamation in the Oval Office, wherein he acknowledged the “monumental” importance of the social safety-net programme.“I recommit to always defending Social Security,” the proclamation reads.“To this day, Social Security is rooted in a simple promise: those who gave their careers to building our Nation will always have the support, stability, and relief they deserve.”But Trump’s second term as president has been dogged by accusations that…

Air Canada, the country’s largest airline, started suspending flights on Thursday morning ahead of a potential strike by its flight attendants.Hundreds of flights are expected to be cancelled by the end of the week if the flight attendants walk off their jobs as expected.Air Canada and the flight attendants’ union have struggled to agree upon a deal that would increase compensation for the airline workers.Here is what we know about the labour dispute and its potential consequences:What is happening to Air Canada?The Montreal-based airline has reached an impasse with the union representing more than 10,500 flight attendants in a dispute…