Category: business-economy

US President Donald Trump berated NBC and ABC as “two of the worst and most biased networks in history”, adding he would support the Federal Communications Commission (FCC) in revoking licences to their television stations. The FCC issues licences to owners of television stations, which must be periodically renewed. The networks “give me 97 per cent bad stories”, Mr Trump said in a Truth Social post on Aug 24, “despite a very high popularity and, according to many, among the…

HELSINKI – The captain and two officers of an oil tanker accused of severing five undersea power and telecoms cables when their vessel left Russia and sailed through the Gulf of Finland pleaded not guilty as their trial began in Helsinki on Monday. NATO allies with forces stationed around the Baltic Sea went on high alert after the December 25 incident, one of a string of suspicious cable and gas pipeline outages in the region since Russia invaded Ukraine in…

LONDON – Britain imposed sanctions on one individual and four entities on Thursday under its Iran sanctions regime, saying they are part of a network that supports Tehran’s overseas activities, including “destabilisation” in Ukraine and Israel. The sanctions include an asset freeze on Iranian oil magnate Mohammad Hossein Shamkhani, and on four companies operating in the shipping, petrochemical and financial sectors, the foreign office said in a statement. Britain said Tehran relies on revenues from such trading networks to fund…

WASHINGTON – President Donald Trump’s administration on Wednesday imposed sanctions on two judges and two prosecutors at the International Criminal Court, as Washington kept up its pressure on the war tribunal over its targeting of Israeli leaders. Washington designated Nicolas Yann Guillou of France, Nazhat Shameem Khan of Fiji, Mame Mandiaye Niang of Senegal, and Kimberly Prost of Canada, according to the U.S. Treasury and State Department. ICC judges issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, former Israeli…

US President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign, intensifying his effort to gain influence over the central bank on the basis of allegations made by one of his allies about mortgages Cook holds in Michigan and Georgia. US Federal Housing Finance Agency Director Bill Pulte alleged in a post on X earlier on Wednesday that Cook had designated a condo in Atlanta as her primary residence after taking a loan on her home…

WASHINGTON – American President Donald Trump revoked the security clearance of 37 current and former national security officials, many of whom worked on Russia analysis or foreign threats to US elections, according to the Office of the Director of National Intelligence. Mr Trump has stripped security clearances throughout his administration, including from his best-known rivals like former president Joe Biden. But the actions announced on Aug 19 were a deeper cut, pushing far into the national security establishment. At least…

Toronto – Air Canada’s flight attendants went on strike on Aug 16, as the airline announced a complete shutdown of operations, creating summer travel chaos for its 130,000 daily passengers. “We are now officially on strike,” the Canadian Union of Public Employees (CUPE), which represents Air Canada’s 10,000 flight attendants, said in a statement. Air Canada, which flies directly to 180 cities worldwide, said it had “suspended all operations” in response to the work stoppage. “Air Canada is strongly advising…

ZURICH (Reuters) -Swiss aircraft manufacturer Pilatus on Friday said it has temporarily halted deliveries of its PC-12 and PC-24 business jets to the United States, saying steep new U.S. tariffs put the company at “significant competitive disadvantage”. The U.S. is a key market for Pilatus, accounting for around 40% of annual PC-12 and PC-24 production, said the company based in Stans, central Switzerland. “The new customs tariff imposed by the U.S. authorities represents a significant competitive disadvantage for Pilatus,” said…

ATLANTA – An active shooter incident at the Fort Stewart US Army base in Georgia has resulted in casualties, authorities said, and the base has been put on lockdown. “The installation was locked down at 11.04am and law enforcement is on the scene,” Fort Stewart said in a Facebook post, adding the incident happened in the 2nd Armoured Brigade Combat Team area and that casualties had been reported. No further information was immediately available, including the number of casualties and…

CAIRO – The United Arab Emirates has banned Sudanese planes from landing at its airports, Sudan’s state news agency quoted its Civil Aviation Authority as saying on Wednesday, in the latest sign of tension between the two countries. The UAE also barred a Sudanese airliner from taking off from Abu Dhabi airport, the Sudanese authority said. Sudan’s authority voiced surprise at the reported decision and said it was following up with airlines to reprogramme reservations for passengers arriving in and…

NEW YORK, August 6 – A U.S. jury deadlocked on Wednesday on money laundering and sanctions evasion charges against the founder of Tornado Cash, a firm that makes cryptocurrency transactions harder to track. The jury in Manhattan federal court could not reach a verdict on charges Roman Storm conspired to launder the proceeds of hacks, including by a sanctioned North Korean government-backed group. But the jury found him guilty of the less serious charge of conspiracy to operate an unlicensed money…

WASHINGTON – US President Donald Trump on Aug 5 said he believes that banks discriminate against him and his supporters, adding that Bank of America and JPMorgan Chase had previously refused to accept his deposits. They totally discriminate against, I think, me maybe even more, but they discriminate against many conservatives,” he told CNBC in an interview. “I think the word might be Trump supporters more than conservatives.” Mr Trump made the comments when asked about a report by the…

WASHINGTON – US Attorney General Pam Bondi has directed federal prosecutors to launch a grand jury probe into allegations that members of Democratic former President Barack Obama’s administration manufactured intelligence on Russia’s interference in the 2016 elections, a source familiar with the matter said on Aug 4. The Justice Department (DOJ) said late in July that it was forming a strike force to assess claims made by Director of National Intelligence Tulsi Gabbard about “alleged weaponisation of the US intelligence…

ROME – Italian police arrested 13 people following a nationwide sweep against Chinese mafia groups, on charges including involvement in crimes such as drug dealing, sex trafficking and aggravated robbery, they said on Aug 4. Raids were conducted in 25 provinces, including Milan, Rome, Florence, Prato and Catania, anti-organised crime police official Andrea Olivadese said. Police reported a further 31 people to judicial authorities without arresting them, and seized 550 grams or around 5,500 doses of “shabu” crystal methamphetamines, and…

ROME/BRUSSELS – Europe’s top court on Friday questioned the legitimacy of the “safe countries” list Italy uses to send migrants to Albania and fast-track their asylum claims, in a fresh blow to a key plank of the government’s migration policy. Conservative Prime Minister Giorgia Meloni’s office, in a statement, called the court ruling “surprising” and said it “weakens policies to combat mass illegal immigration and defend national borders”. Dario Belluccio, a lawyer who represented one of the Bangladeshi asylum-seekers in…

BRUSSELS – European governments are taking steps to break their dependence on critical scientific data the United States historically made freely available to the world, and are ramping up their own data collection systems to monitor climate change and weather extremes, according to Reuters interviews. The effort – which has not been previously reported – marks the most concrete response from the European Union and other European governments so far to the US government’s retreat from scientific research under President Donald…