US releases $57 million in financing to help reopen Michigan reactor
WASHINGTON -The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec’s Palisades nuclear plant in Michigan, which the company hopes will be the first U.S. commercial reactor…
Large area of US under tornado watch, at least 34 people dead
Portions of West Virginia, Ohio and Pennsylvania were under a new tornado watch issued on Sunday by the National Weather Service, as the death toll from storms rose to at least 34 people in six states since Friday. The storms…
US stocks rally as investors weigh economic data, Trump policies
NEW YORK -U.S. stocks gained for a second straight session on Monday as investors sought bargains after the Nasdaq and S&P 500’s four-week tumble and assessed the latest economic data to gauge the impact of the Trump administration’s policies. Retail…
US expels South Africa’s ambassador, calling him ‘race-baiting’ Trump hater
WASHINGTON/JOHANNESBURG-The U.S. has is expelling South Africa’s ambassador, Secretary of State Marco Rubio said, calling the envoy a “race-baiting politician” who hates President Donald Trump. Ties have slumped since Trump cut U.S. financial aid to South Africa, citing disapproval of…
UK’s Starmer says ‘coalition of willing’ expanding preparations for post-truce Ukraine
LONDON -British Prime Minister Keir Starmer said on Saturday that Western allies other than the U.S. were stepping up preparations to support Ukraine in the event of a ceasefire with Russia, with defence chiefs set to firm up “robust plans”…
Tornadoes strike US South, killing 10 people amid rising risk
ATLANTA-At least 10 people were killed in Missouri as a series of tornadoes hit the U.S. Midwest and Southeast overnight, raking a path of destruction that was still being assessed early on Saturday, police said. Twenty-six tornadoes were reported but…
Trump poised to launch new round of layoffs despite setbacks in court
WASHINGTON-President Donald Trump’s administration gave no sign on Friday of diverting from its plan for a second wave of mass firings and budget cuts across the U.S. government after two federal court rulings ordered the reinstatement of thousands of workers….
Trump administration probes 45 universities on race policies
WASHINGTON- The U.S. Department of Education on Friday said its office for civil rights is investigating 45 universities, citing complaints that the schools engaged with a program that set eligibility based on race. Since Donald Trump returned to the presidency…
Trump targets law firm Paul Weiss in order restricting government access
WASHINGTON-U.S. President Donald Trump signed an executive order on Friday suspending security clearances for lawyers and other employees at New York law firm Paul, Weiss, Rifkind, Wharton & Garrison, and restricting their access to federal buildings and officials. “Today, President…
Trump administration weighs travel ban on dozens of countries
WASHINGTON-The Trump administration is considering issuing sweeping travel restrictions for the citizens of dozens of countries as part of a new ban, according to sources familiar with the matter and an internal memo seen by Reuters. The memo lists a…
US Senate government spending bill advances toward passage
WASHINGTON- The U.S. Senate on Friday looked set to advance a bill that would prevent a partial government shutdown, after a sufficient number of minority Democrats joined with the majority Republicans in support. Voting continued.
Wall St ends sharply higher as selloff prompts dip-buying rally
NEW YORK -U.S. stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which U.S. President Donald Trump’s escalating trade war fueled recession fears and doused risk appetite. A broad rally boosted all…
US FDA’s top lawyer Hilary Perkins resigns two days into role
The U.S. Food and Drug Administration’s chief counsel, Hilary Perkins, has resigned, the federal agency said in a post on social media platform X on Thursday, just two days after her appointment was announced. In a post on LinkedIn, Perkins…
US court allows Trump to enforce ban on DEI programs, for now
A U.S. appeals court on Friday said the Trump administration could temporarily implement a ban on diversity, equity and inclusion programs at federal agencies and businesses with government contracts, which had been blocked by a judge. The Richmond, Virginia-based 4th…
US consumer sentiment plunges on tariff fears, inflation expectations jump
WASHINGTON -U.S. consumer sentiment plunged to a nearly 2-1/2-year low in March and inflation expectations soared amid worries that President Donald Trump’s sweeping tariffs, which have ignited a trade war, would boost prices and undercut the economy. The deterioration in…
South Korea asks US for tariff exemption, trade ministry says
SEOUL – South Korea’s trade minister has asked his U.S. counterpart to exempt the country from reciprocal tariffs if they go into effect in April, the trade ministry said on Saturday.During his visit to Washington this week, Trade Minister Cheong…
Putin says he will let Ukraine troops in Kursk live if they surrender
WASHINGTON/MOSCOW -U.S. President Donald Trump urged Kremlin leader Vladimir Putin on Friday to spare Ukrainian troops that Russia is pushing out of its Kursk region, an appeal Putin said he would honor if they surrendered. Trump posted on social media…
US Senate passes bill to avert shutdown, House Democrats turn on Schumer
WASHINGTON – The U.S. Senate on Friday passed a stopgap spending bill, averting a partial government shutdown, after Democrats backed down in a standoff driven by anger over President Donald Trump’s campaign to slash the federal workforce. After days of…
Russia deputy foreign minister visits North Korea
SEOUL – Russian Deputy Foreign Minister Andrei Rudenko is visiting North Korea, North Korean state media KCNA said on Saturday. His trip takes place following a U.S. proposal for a ceasefire in the Ukraine war where thousands of North Korean…
Mark Carney sworn in as Canada’s prime minister, says he can work with Trump
OTTAWA -Ex-central banker Mark Carney was sworn in as prime minister of Canada on Friday and immediately said he could work with U.S. President Donald Trump, who is promising tariffs that could devastate the Canadian economy. Carney succeeds Justin Trudeau,…
As Trump thaws ties, Russia has a new public enemy number one: Britain
LONDON -Two British diplomats expelled in a spying row. A blistering statement from Russia’s foreign intelligence service calling Britain “a warmonger.” And a threat from a top ally of Vladimir Putin to seize UK assets inside Russia. As the U.S….
Magnitude 5.5 earthquake hits southern Mexico, alarms sound in capital
MEXICO CITY- A magnitude 5.5 earthquake struck Mexico’s southern state of Oaxaca on Friday evening, Mexican authorities and the United States Geological Survey said.The quake hit near the town of San Miguel Achiutla at a depth of 64 km (40…
Putin suggests US ceasefire idea for Ukraine needs serious reworking
MOSCOW -President Vladimir Putin said on Thursday that Russia supported a U.S. proposal for a ceasefire in Ukraine in principle, but that any truce would have to address the root causes of the conflict and that many crucial details needed…
US weekly jobless claims fall amid labor market stability
WASHINGTON – The number of Americans filing new applications for unemployment benefits fell last week, but sharp government spending cuts and an escalating trade war threaten labor market stability. Initial claims for state unemployment benefits slipped 2,000 to a seasonally…
US inflation and labor market stable ahead of tariff turbulence
WASHINGTON -U.S. producer prices were unchanged in February for the first time in seven months, while fewer Americans filed claims for unemployment benefits last week, pointing to a stable economy that should allow the Federal Reserve to keep interest rates…
Euro surges on Ukraine ceasefire proposal, tariffs squeeze stocks By Tom Westbrook
SINGAPORE – The euro was riding at five-month highs on Wednesday on Ukraine’s readiness to accept a month-long ceasefire, while stocks whipsawed on back-and-forth U.S. tariff plans and concern about a U.S. economic slowdown. European equity futures jumped 0.8% and…
The United States agreed to resume military aid and intelligence sharing with Ukraine after Kyiv agrees to support Washington’s proposal for a ceasefire
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US to resume security support to Ukraine as Kyiv says it is ready to accept ceasefire proposal
JEDDAH -The United States agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after Kyiv said it was ready to support Washington’s proposal for a 30-day ceasefire with Russia, the countries said in a joint statement. After…