Rubio says US may have revoked more than 300 visas
GEORGETOWN -U.S. Secretary of State Marco Rubio said on Thursday the State Department may have revoked more than 300 visas and warned that the Trump administration was looking every day for “these lunatics” after Washington this week detained and revoked…
SiCarrier says its tools can help China make advanced chips
BEIJING – China can use domestically developed tools to make advanced semiconductors, countering U.S. curbs on Beijing’s access to high-end chipmaking technology, an executive at a major Chinese supplier said on Thursday. Du Lijun, president of chip equipment maker Shenzhen…
Nvidia-backed CoreWeave downsizes US IPO
CoreWeave reduced the size of its U.S. initial public offering and priced its shares below the indicated range, the company said on Thursday, dampening expectations that the listing would boost investor appetite for IPOs. The Nvidia-backed company is now looking…
US Justice Department considers merging DEA, ATF in major shakeup, memo says
WASHINGTON -The U.S. Justice Department is considering merging the lead agencies enforcing drug and gun laws in a major shakeup as it follows President Donald Trump’s instructions to sharply streamline the government, according to a memo first reported by Reuters….
Trump withdraws Stefanik as his pick for United Nations envoy
WASHINGTON -U.S. President Donald Trump said on Thursday he had withdrawn his pick to be ambassador to the United Nations because the Republicans need to maintain their slim majority in the House of Representatives to advance his “America First” agenda….
Factbox-How investors buy gold and what drives the market
Gold prices rose to a fresh all-time high on Thursday, bolstered by safe-haven inflows following U.S. President Donald Trump’s announcement of new auto tariffs. Bullion prices touched a record high of $3,057.78 per ounce to mark a gain of over…
Exclusive-US pauses financial contributions to WTO, trade sources say
GENEVA -The United States has paused contributions to the World Trade Organization, three trade sources told Reuters, as U.S. President Donald Trump’s administration ramps up efforts to cut government spending. The Trump administration is retreating from global institutions it sees…
Trump auto tariffs take aim at a pillar of Asian economies – and national pride
For Japan and South Korea, tariffs announced by U.S. President Donald Trump represent a blow to domestic car industries that are both economic pillars and sources of national pride. Shares in companies such as Japan’s Toyota and Honda and South Korea’s…
Six Russians dead, 39 tourists rescued after submarine sinks in Red Sea off Egypt
CAIRO -Six Russians died on Thursday and 39 foreign tourists were rescued when a viewing submarine sank off the Egyptian Red Sea resort of Hurghada, the local governor’s office said on Facebook, adding that no passengers or crew were still…
Exclusive-Trump administration is pointing spy satellites at US border
WASHINGTON -The Trump administration has directed two intelligence agencies to train their satellite surveillance capabilities on the U.S.-Mexico border region as part of a sweeping crackdown on illegal immigration and drug cartels. The National Geospatial-Intelligence Agency (NGA) and the National…
These universities are in Trump’s crosshairs. Many don’t know why
NEW YORK -When Muhlenberg College learned in January 2024 – as pro-Palestinian protests were sweeping campuses across the United States – that it was under investigation for discriminating against Jewish students, the small liberal arts institution in Pennsylvania took action….
Kennedy to slash 10,000 jobs in major overhaul of US health agencies
WASHINGTON -U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. announced plans to reshape federal public health agencies on Thursday, including cutting 10,000 employees and centralizing some functions of the FDA, CDC and others under his purview. The…
S&P 500 ends lower as investors digest Trump’s auto tariffs
The S&P 500 ended lower on Thursday, as investors grappled with U.S. President Donald Trump’s latest trade tariff announcement that hit shares of General Motors and Ford. Trump unveiled on Wednesday his plan to implement a 25% tariff on imported…
Trump administration detains Turkish student at Tufts, revokes visa
BOSTON – U.S. immigration authorities have detained and revoked the visa of a Turkish doctoral student at Tufts University near Boston who had voiced support for Palestinians in Israel’s war in Gaza. Rumeysa Ozturk’s supporters say her detention, late on…
Dollar mixed, Mexican peso and Canadian dollar drop on auto tariffs
NEW YORK -The dollar was mixed on Thursday as traders mulled how severe tariffs scheduled to be revealed by U.S. President Donald Trump next week are likely to be, while the Canadian dollar and Mexican peso weakened after Trump announced…
Canada will respond to Trump auto tariffs with its own trade actions
Canadian Prime Minister Mark Carney said on Thursday that he would respond with unspecified trade actions if U.S. President Donald Trump imposes new auto tariffs that have expanded a global trade war and hammered stocks. Carney said he had not…
Ninestar says sale of Lexmark worth up to $150 million in equity value
BEIJING – China-based Ninestar Corp plans to sell printer and printing software maker Lexmark International II to Xerox in a deal with an equity value of up to $150 million. Ninestar said in an exchange filing on Wednesday that it…