Washington Financial News

Canada developed the most definitive intelligence that led to Prime Minister Justin Trudeau to make allegations against India, triggering a diplomatic standoff, The New York Times reported citing Western allied officials. In the aftermath of the assassination of Hardeep Singh Nijjar, US intelligence agencies shared context with their Canadian counterparts, contributing to Canada's determination of India's role in the incident. However, what appears to be the crucial piece of evidence, intercepted communications involving Indian diplomats in Canada, indicating their involvement in the plot, was collected by Canadian officials, as confirmed by allied officials, according to the report in the NYT. While US Secretary of State Antony J Blinken has called upon India to cooperate with the Canadian investigation, US officials have been cautious about triggering any diplomatic backlash from India.

Suella Braverman will raise the «the unsustainable pressures» created by illegal migration when she makes a three-day visit to the U.S. this week, her office said on Sunday. In a keynote speech, Braverman will present a blueprint for how countries can combat the crisis and highlight how Britain has led the way in bringing forward «innovative approaches» to tackling the issue, the Home Office said. «Illegal migration and the unprecedented mass movement of people across the globe is placing unsustainable pressures on America, the UK and Europe,» Braverman said in the statement. «We must come together and ask whether the international conventions and legal frameworks designed 50-plus years ago are fit for purpose in an age of jet travel and smartphones.» British Prime Minister Rishi Sunak, who took office last year, has made «stopping the boats» — the arrival of migrants in small boats across the English Channel — a priority. However, the UK government's policies, such as sending asylum seekers to Rwanda, have so far failed to take off.

Ottawa, Ontario, after the killing of a Sikh separatist leader in the Vancouver area, but Canada developed the most definitive intelligence that led it to accuse India of orchestrating the plot, according to Western allied officials. In the aftermath of the killing, U.S. intelligence agencies offered their Canadian counterparts context that helped Canada conclude that India had been involved.

'Making Money' host Charles Payne joins 'The Big Money Show' discusses how the state of the economy will impact 2024 election results and stock market winners and losers.

Blinken on Friday (local time) said that Washington is «deeply concerned» about the allegations made by Canadian Prime Minister Justin Trudeau about the Indian government's involvement in the killing of Khalistterrorist Hardeep Singh Nijjar. He said that the US wants to see accountability and called it «important» that the investigation runs its course and leads to the result. While addressing a press conference in New York, Blinken said that the US has engaged directly with the Indian government. He said that the US is consulting «very closely» with Canada and coordinating on the issue.

The White House has direct federal agencies to get ready for a shutdown after House Republicans left town for the weekend with no viable plan to keep the government funded

Michael Bloomberg, co-founder of Bloomberg LP, outlined a succession plan for the financial information and news company, saying that his foundation Bloomberg Philanthropies will inherit it and then eventually sell it, the New York Times reported. The former New York City Mayor made the announcement at the Climate Summit hosted by the newspaper on Thursday. Representatives for Michael Bloomberg declined to comment. «I give virtually all of the company's profits to the foundation… but when I die, the foundation inherits the company,» the newspaper reported quoting him. Bloomberg was married to Susan Brown from 1976 to 1993 and has two daughters, Emma and Georgina.

China are establishing two working groups to discuss economic and financial issues, the latest sign of a thaw in relations between the world's largest economies. The groups «will provide ongoing structured channels for frank and substantive discussions on economic and financial policy matters, as well as an exchange of information on macroeconomic and financial developments,» the US Treasury Department said in a statement Friday. Meetings will be held regularly at the vice-minister level, with officials reporting back to Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng, according to the Treasury. That framework is notably less extensive than the bilateral forums earlier this century, when gatherings featured multiple cabinet members and spanned a wide array of subject matters. The announcement comes after a string of visits to China by high-level US officials that appear to have helped stabilize ties.

Former Federal Reserve Governor Kevin Warsh provides insight on economic policies on 'Kudlow.'

Americans have been crunched by inflation and interest rates.

Former Federal Reserve Governor Robert Heller provides insight on the Federal Reserve's moves on 'Kudlow.'

Vice President Kamala Harris says the Biden administration is beginning the process to remove medical bills from people’s credit scores

The departure of Rupert Murdoch as the leader of Fox’s parent company and his News Corp. media holdings after decades at the helm is unlikely to have as much of an impact on conservative media overall as it would have a decade ago

The U.S. Treasury Department and China’s Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations

Tom Nides, one of Wall Street and Washington’s most connected executives, is joining Wells Fargo & Co. as vice chairman as the firm continues to work its way past years of scandal. 

WASHINGTON—President Biden says he hasn’t given up on large-scale student-loan forgiveness. But the administration’s latest debt cancellation plan is far from a sure thing. The Education Department this summer began an arcane regulatory process that officials hope eventually will offer millions of Americans a chance to erase part or all of their federal student-loan debt.

(Reuters) — The moment investors have been waiting for seems to finally have arrived, as major central banks have indicated they are nearing the end of their string of interest-rate rises.

U.S. President Joe Biden’s national security adviser says the White House “firmly” rejects suggestions that Canada’s allegation of potential India’s involvement in the murder of a Sikh leader is driving a wedge between the two allies.

Biden assured Ukrainian President Volodymyr Zelenskiy on Thursday that strong U.S. support for his war to repel Russian invaders will be maintained despite opposition from some Republican lawmakers to sending billions more in aid. Biden and Zelenskiy held a war council in the White House East Room as part of a blizzard of appearances the Ukraine leader made looking to bolster U.S.

By David Shepardson

The founder of the small search engine company DuckDuckGo is testifying against Google in the biggest antitrust trial in a quarter of a century