Senate rejects plan to end US government shutdown
Efforts to bring a quick end to the US government shutdown floundered Wednesday when senators rejected a plan to resolve an acrimonious funding stand-off between President Donald Trump and Democrats in Congress. With the government out of money after Trump and lawmakers failed to agree on a deal to keep the lights on, many federal […]
Air traffic controllers warn of US shutdown strain
Aviation groups urged US political leaders to quickly resolve a budget impasse Wednesday, warning that the government shutdown strains air travel and delays key upgrades. The closure has led to staff furloughs throughout the government, even as vital functions such as aviation safety proceed. Some 13,300 US air traffic controllers and thousands of other essential […]
US to stop collecting emissions data from polluters
The United States moved on Friday to dismantle a “burdensome” federal program that tracks greenhouse gas emissions across the US economy, the latest step by President Donald Trump’s administration to undercut efforts against climate change. The Greenhouse Gas Reporting Program (GHGRP), launched in 2010, covers more than 8,000 facilities — including power plants, fuel suppliers, […]
Asian markets fluctuate ahead of expected US rate cut
Asian markets were mixed Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week. Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation provided the US central bank with enough leeway to resume its rate reductions. Wednesday’s policy decision […]
US ‘very close’ to TikTok deal with China: US Treasury chief
The United States is “very close” to a deal with China to settle their dispute over TikTok, US Treasury Secretary Scott Bessent said Monday as the two sides resumed trade talks in Madrid. Bessent and Chinese Vice Premier He Lifeng opened the latest round of discussions in Madrid on Sunday, seeking to narrow differences on […]
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,” […]
Apple to invest additional $100 bn in US
Apple will invest an additional $100 billion in the United States, taking its total pledge to $600 billion over the next four years, US President Donald Trump said Wednesday. Trump announced the increased commitment at the White House alongside the tech giant’s CEO Tim Cook, calling it “the largest investment Apple has made in America.” […]
US tariffs prompt Toyota profit warning
US tariffs prompted Japanese auto giant Toyota on Thursday to cut its annual net profit forecast by 14 percent. The world’s largest automaker by vehicle sales now expects a net profit of 2.66 trillion yen ($18.06 billion), down from 3.1 trillion yen previously forecasted. “Due to the impact of US tariffs and other factors, actual […]
Siemens warns US tariffs causing investment caution
Siemens warned on Thursday that US tariffs were prompting its customers in key sectors to slow investment decisions, even as the German industrial giant reported forecast-beating quarterly profits. The group booked net profits of 2.2 billion euros ($2.6 billion) from April to June, up five percent from a year earlier, as strong orders at its […]
Bitcoin hits record high amid optimism over US legislation
Bitcoin hit a record high on Wednesday, driven by a wave of optimism over cryptocurrency legislation in the United States. The world’s most popular cryptocurrency surged to an all-time peak of $109,499.76, surpassing its previous high set on January 20 when Donald Trump was sworn in as US president. Bitcoin gained after US policymakers showed […]
