Donald Trump News
20.12 / 06:51
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Farmers, business owners, fire survivors face uncertainty after $100B in disaster relief flounders
American farmers, small business owners and wildfire survivors are among those who will suffer if Congress cannot agree on a new spending bill after President-elect Donald Trump abruptly rejected a bipartisan plan that included more than $100 billion i...
20.12 / 06:51
20.12 / 06:51
20.12 / 06:49
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US attorney behind Adani's bribery charges, Breon Peace, to resign as Trump returns
Breon Peace said he will step down Jan. 10, ending a stint as federal prosecutor that included high-profile cases such as singer R Kelly’s trial for sex-trafficking, a fraud indictment of Indian billionaire Gautam Adani and the criminal conviction of a US Congressman. Peace, a 53-year-old native of Brooklyn, New York, said in a statement Wednesday “it has been the honor of a lifetime to serve as United States Attorney.” He’ll be replaced as head of the Brooklyn office, known as the Eastern District of New York, by First Assistant US Attorney Carolyn Pokorny, according to the statement. He was appointed by President Joe Biden in 2021 and will leave before President-elect Donald Trump takes office Jan. 20.
20.12 / 06:15
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Bitcoin dips below $96,000 as Jerome Powell dismisses speculation on Bitcoin reserves
Bitcoin traded lower for the fourth consecutive day on Thursday, weighed down by Federal Reserve Chair Jerome Powell's hawkish tone and comments on the potential of a Bitcoin reserve. In a press conference on Wednesday, Powell stated that the US central bank has no intention of being involved in any government efforts to stockpile large amounts of Bitcoin. «We're not allowed to own Bitcoin,» he said, following the Fed's two-day policy meeting.
20.12 / 05:35
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Powell says Fed cannot hold bitcoin, not seeking to change that
The Fed chief was addressing the prospect of central bank involvement in the idea of the government building a so-called Strategic Bitcoin Reserve once President-elect Donald Trump takes office.
20.12 / 03:35
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US deports highest numbers of illegal immigrants since 2014, aided by more flights
US Immigration and Customs Enforcement deported more than 270,000 people to 192 countries, including India, over a recent 12-month period, the highest annual tally in a decade, according to a report released Thursday that illustrates some of the financial and operational challenges that President-elect Donald Trump will face to carry out his pledge of mass deportations. ICE, the main government agency responsible for removing people in the country illegally, had 271,484 deportations in its fiscal year ended Sept 30, nearly double from 142,580 in the same period a year earlier. It was ICE's highest deportation count since 2014, when it removed 315,943 people. The highest it reached during Trump's first term in the White House was 267,258 in 2019. Increased deportation flights, including on weekends, and streamlined travel procedures for people sent to Guatemala, Honduras and El Salvador fuelled the increase, ICE said. The agency had its first large flight to China in six years and also had planes stop in Albania, Angola, Egypt, Georgia, Ghana, Guinea, India, Mauritania, Romania, Senegal, Tajikistan and Uzbekistan.
20.12 / 02:21
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Losses from crypto hacks jump to $2.2 bln in 2024, report says
blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion for the fourth straight year and the number of incidents rose to 303 from 282 in 2023, it said. Hackers had stolen $1.8 billion in 2023.
19.12 / 23:03
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Canada has fiscal room to withstand tariff war, new finance minister says
Canada’s new finance minister said the government needs to preserve its fiscal ability to support households and businesses if Donald Trump’s tariff threats materialize into an economic shock.
19.12 / 14:49
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US economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate
19.12 / 13:21
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US effort to curb China's and Russia's access to advanced computer chips 'inadequate,' report finds
The U.S. Commerce Department’s efforts to curb China’s and Russia’s access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons
19.12 / 12:33
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Putin signals no rush to end Ukraine war in marathon TV appearance
Subscribe to enjoy similar stories. Russian President Vladimir Putin appeared in no hurry to seek an end to the war in Ukraine during his annual set-piece television event Thursday, seeking instead to project Russia’s strength despite President-elect Donald Trump’s stated goal of achieving a quick peace. The carefully choreographed question-and-answer session saw Putin field queries from chosen media sources and ordinary Russian citizens, during which he repeatedly portrayed Russia as resistant to the effects of the conflict, which is now nearing the three-year mark.
19.12 / 12:29
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India gears up for a potential trade deal as Trump targets China, say government sources
To tackle Trump's threat of a «reciprocal tax» on Indian goods for high tariffs, some officials of the Indian commerce ministry are ready to consider cuts on certain products such as pork, a senior government source said. Currently India slaps about a 45% import tariff on pork, which is mostly supplied by the U.S. Tariffs could also be reduced on high-end medical devices such as pace makers and luxury motor-cycles, including Harley Davidson, said a second official with direct knowledge of trade issues, citing the 25% to 60% tariffs on these products.
19.12 / 12:01
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Trump brings chaos back to Washington by attempting to kill bipartisan budget deal
Donald Trump has delivered a probable death blow to bipartisan congressional budget negotiations by rejecting the measure as a “betrayal of our country” just days before a spending deadline
19.12 / 10:21
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Nippon-US steel executives are running out of time to save $14 billion deal
Subscribe to enjoy similar stories. GARY, Ind.—In a meeting room facing U.S. Steel’s century-old plant, Takahiro Mori offered his vision for the plant’s next chapter under a new owner.
19.12 / 08:15
19.12 / 06:33
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El Salvador made bitcoin official currency. Now it’s backtracking for IMF Loan
Subscribe to enjoy similar stories. The government of El Salvador’s President Nayib Bukele agreed to scale back his ambitious plan to adopt bitcoin as a national currency in exchange for a much-needed $1.4 billion loan by the International Monetary Fund.
19.12 / 06:13
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EPA grants California authority to ban sales of new gas cars by 2035. Action faces reversal by Trump
The Environmental Protection Agency has granted two requests from California to enforce strict standards for vehicle emissions, including a rule aimed at banning sales of new gasoline-powered cars in the state by 2035
19.12 / 06:13
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The Federal Reserve expects to cut rates more slowly in 2025. Here's what that could mean for you
The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses
19.12 / 06:13
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Alberta's premier responds to Trump's trolling by saying Canada's oil helps make America wealthy
Alberta’s premier responded to President-elect Donald Trump’s trolling of Canada by saying the trade deficit with the country is due to billions of raw materials being sent south which creates trillions of wealth in America
19.12 / 06:13
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Supreme Court will hear arguments over the law that could ban TikTok in the US if it's not sold
The Supreme Court will hear arguments next month over the constitutionality of the federal law that could ban TikTok in the U.S. if its Chinese parent company doesn’t sell it
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