Author: ALJAZEERA

United States President Donald Trump has spent the better part of this week touting a TikTok “deal” with China, but experts say it is far from finalised after both sides shared details of his phone call with President Xi Jinping.The two leaders spoke by phone on Friday, their first call in three months, but there was no announcement of the sale of the popular social media app that has 170 million US users.Recommended Stories list of 4 itemsend of listWhile Trump, in a post after the call on Truth Social, said “It was a very good call … appreciate the…

United States President Donald Trump’s administration has asked the US Supreme Court to let him move ahead with firing Federal Reserve Governor Lisa Cook – a move without precedent since the central bank’s founding in 1913 – in a legal battle that imperils the Fed’s independence.The Department of Justice asked the justices on Thursday to lift US District Judge Jia Cobb’s September 9 order temporarily blocking the Republican president from removing Cook, an appointee of Democratic former President Joe Biden.Recommended Stories list of 4 itemsend of listCobb ruled that Trump’s claims that Cook committed mortgage fraud before taking office, which…

The lawsuit filed in a court in Delaware alleges the accident was caused by faulty fuel switchesPublished On 17 Sep 202517 Sep 2025Click here to share on social mediashare2ShareThe families of four passengers killed in the June 12 crash of an Air India Boeing 787 said in a lawsuit that the accident resulted from allegedly faulty fuel switches, which the US Federal Aviation Administration has said do not appear to have caused the accident that killed 260 people.The lawsuit filed on Wednesday in Delaware Superior Court blames Boeing and Honeywell, which made the switches, for the crash seconds after Flight…

US President Donald Trump has announced a deal with China to allow the TikTok platform to continue operating in the United States.Trump said he would speak to Chinese President Xi Jinping on Friday to confirm the details of an agreement to avoid a ban on the popular video-sharing app in the US.Recommended Stories list of 4 itemsend of list“We have a group of very big companies that want to buy it. And you know, the kids want it so badly,” Trump told reporters on Tuesday.“I had parents calling me up. They don’t want it for themselves, they want it for…

Ludhiana, India – On the floor of a Ludhiana spinning mill, 29-year-old Pankaj Kumar stands at his station, his fingers a blur as he knots loose threads and feeds them onto a spinning wheel. The yarn will soon make its way to the city’s textile factories, which produce woollen knitwear, hosiery, and other garments, much of it destined for the United States.Kumar has worked in different spinneries for nearly a decade, but for the past four months, this one has been his livelihood, bringing in 18,000 rupees ($203.87) a month. But now that US President Donald Trump has slapped India with…

The fintech company made its debut on the New York Stock Exchange on Wednesday.Klarna, the Swedish buy-now-pay-later company, has made its highly anticipated public debut on the New York Stock Exchange (NYSE), the latest in a run of high-profile initial public offerings this year.Klarna sold 34.3 million shares to investors at $40 a share late on Tuesday and was listed on the exchange on Wednesday. That is above the forecasted range of $35 to $37 a share and values the company at more than $15bn.Recommended Stories list of 4 itemsend of listShares of Klarna opened 30 percent above their offer…

Bhadohi, India: Surya Mani Tiwari has had sleepless nights ever since United States President Donald Trump slapped India with 50 percent tariffs.The 78-year-old exports carpets worth more than 1 billion rupees ($11.4m) from Bhadohi in the northern Indian state of Uttar Pradesh to the US every year. But the tariffs, the highest tier so far, have brought business to a screeching halt.Recommended Stories list of 4 itemsend of list“We are completely dependent on the US for our business and have no other markets. The tariffs have brought our production to a halt, and no consignment has been dispatched to the…

New York, USA – Next week, the United States Federal Reserve will hold a two-day policy meeting to decide whether to lower interest rates.The meeting follows a months-long pause in rates and comes amid heightened pressure on the central bank.Recommended Stories list of 4 itemsend of listUS President Donald Trump recently dismissed Federal Reserve Governor Lisa Cook on allegations of mortgage fraud, which she is contesting in court, and has escalated his loud and repeated criticism of Fed Chair Jerome Powell.The Fed, which emphasises its independence from political influence, will weigh new economic data as it considers its next move. The…

The request comes after a federal court earlier this week blocked Lisa Cook’s firing while her lawsuit challenging her dismissal moves forward.The administration of United States President Donald Trump has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates.The request on Thursday represents an extraordinary effort by the White House to shape the board before the Fed’s interest rate-setting committee meets next week on Tuesday and Wednesday.Recommended Stories list of 4 itemsend of listAt the same time, Senate Republicans are pushing to confirm Stephen…

The switch in the ranking came after a blockbuster earnings report from Oracle, powered by multibillion-dollar orders, sent Oracle stock shooting up.Published On 10 Sep 202510 Sep 2025Click here to share on social mediashare2ShareOracle cofounder Larry Ellison has wrested the title of the world’s richest person from longtime holder Elon Musk.On Wednesday, as stock in Ellison’s software giant rocketed more than a third in a stunning few minutes of trading, Ellison’s net worth surpassed the Tesla CEO, according to wealth tracker Bloomberg. As of 3pm in New York (19:00 GMT), Oracle stock is up 34.4 percent for the day.Recommended Stories…