Washington Financial News

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

A congressional panel has recommended that the U.S. toughen its trade relationship with Beijing

US Presidential elections, even though the polls have been held more than a couple of weeks ago. These seats will be quite crucial for either party, if they want to increase their representation in the House. However, it will not lay significant impact on the overall political landscape as the Republicans will still be in position to maintain their lead in the House.

President-elect Donald Trump says he wants Sean Duffy to be his transportation secretary

Video shows flames spewing from engine of Hainan Airlines plane following bird strike after departing Rome, Italy. (Credit: Viral Press)

Subscribe to enjoy similar stories. WASHINGTON—The Biden administration’s top antitrust officials plan to take more shots at the tech industry before leaving office, in a race to cap four years of aggressive enforcement. No action looms larger than the Justice Department’s next move in the antitrust case it won challenging Google’s efforts to maintain a monopoly in search.

«It was a decision that was a totally good one,» Macron said in Brazil, on the sidelines of a G20 summit also attended by US President Joe Biden, who made the policy change. «I understand it was also triggered by a grave change in the conflict which shouldn't be underestimated, which is the entry of North Korean troops alongside Russia on what is European soil,» he told journalists.

Fossil fuel executive Chris Wright, Donald Trump's choice for Energy secretary, is a strong supporter of oil and gas development, including fracking, a key pillar of the president-elect’s quest for U.S. “energy dominance” in the global market

Boeing has so far laid off 2,199 workers in Washington, among job cuts that will eventually total about 17,000 across the company

One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administr...

The U.K. government has hit Iran with new sanctions for sending ballistic missiles and other weapons to Russia in support of the war against Ukraine

The comments came as Moscow unleashed a second missile attack in as many days on the UNESCO-protected Ukrainian city of Odesa on the Black Sea that left 10 dead and more than 40 wounded. Kyiv has long sought authorisation from Washington to use the powerful Army Tactical Missile System, or ATACMS, to hit military installations inside Russia as its troops come under growing pressure.

International Development Association fund for the world's poorest countries, two sources with knowledge of the commitment said on Monday. Biden announced the U.S. pledge during a closed session of the Group of 20 summit in Rio de Janeiro, according to the sources, who spoke on condition of anonymity. The amount is a record and substantially exceeds the $3.5 billion Washington committed in the previous IDA fund replenishment round in December 2021. A White House spokesperson in Washington declined comment on the World Bank's IDA replenishment.

Donald Trump's audacious win over Kamala Harris and the sweep of both Houses of the US Congress by the Republican Party, two significant developments have set the stage for an emboldened Trump 2.0 administration: Trump's cabinet appointments have set off shock waves across Washington, underscoring his trademark unpredictability. These choices signal his intent to shake up the established order and reinforce his disruptive approach to governance — something cut short by his loss to Joe Biden in 2020. With far-reaching implications, Elon Musk has officially joined the Trump administration. Musk's inclusion comes as little surprise, considering his public support for Trump during the campaign, including a reported $100 mn-plus in campaign contributions.

Subscribe to enjoy similar stories. WASHINGTON : Under Donald Trump, Republicans have drawn swaths of working-class voters away from the Democratic Party.

Subscribe to enjoy similar stories. Indonesia, for decades a natural partner to the US because of similar defence priorities and democratic values, has in recent years drifted more toward China, drawn by its economic support. A potentially more insular American foreign policy under President-elect Donald Trump is pushing Jakarta even closer to Beijing.

Donald Trump Jr said on Sunday that any pushback from the Washington establishment around his father's unconventional choices for Cabinet proves they are just the kind of disruptors that voters are demanding. The younger Trump insisted the team now around the president-elect knows how to build out an administration, unlike when his father first took office. «The reality this time is, we actually know what we're doing. We actually know who the good guys and the bad guys are,» he told Fox News Channel's «Sunday Morning Futures». «And it's about surrounding my father with people who are both competent and loyal. They will deliver on his promises. They will deliver on his message. They are not people who think they know better, as unelected bureaucrats.» After Donald Trump was elected in 2016, he stocked his early administration with choices from traditional Republican and business circles, tapping figures such as former Exxon Mobil CEO Rex Tillerson, who was his first as secretary of state.

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 20 cents, or 0.3%, to $71.24 a barrel by 0130 GMT, while U.S. West Texas Intermediate crude futures were at $67.11 a barrel, up 9 cents, or 0.1%.

World War Three, senior Russian lawmakers said on Sunday. Two U.S. officials and a source familiar with the decision revealed the significant reversal of Washington's policy in the Ukraine-Russia conflict earlier on Sunday. «The West has decided on such a level of escalation that it could end with the Ukrainian statehood in complete ruins by morning,» Andrei Klishas, a senior member of the Federation Council, Russia's upper chamber of parliament, said on the Telegram messaging app.

Denzel Washington’s quest to bring the works of August Wilson to the screen have already produced several exceptional films, and performances, in “Fences” and “Ma Rainey’s Black Bottom.” In “The Piano Lesson” (on Netflix Friday, November 22), he hands the reins to his son, Malcolm Washington, who makes his directorial debut in a production starring John David Washington, Danielle Deadwyler, Samuel L. Jackson, Erykah Badu, Ray Fisher and Corey Hawkins. Following its first foray into feature film animation, 2022’s “Luck,” Skydance returns with another original animated tale in “Spellbound” (on Netflix Friday, November 22). The film, set in the magical world of Lumbria, is about a young girl (voiced by Rachel Zegler) who must save the rulers of Lumbria, her parents (Nicole Kidman, Javier Bardem), after they’re turned into monsters. “Spellbound,” produced by former Pixar boss John Lasseter, features original songs from Disney legend Alan Menken.

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