Nikola founder Trevor Milton says he was granted a full pardon by Trump
Trevor Milton, the founder of bankrupt electric and hydrogen-powered truck maker Nikola who was convicted of fraud, has been pardoned by U.S. President Donald Trump, Milton said in a social media post on Thursday. Milton was sentenced to four years…
Musk says he will finish most of $1 trillion federal cost cuts within weeks
Tech billionaire Elon Musk, whom U.S. President Donald Trump has tapped to shrink the government, said on Thursday he would finish most of the work to cut $1 trillion in federal spending when his tenure ends in as soon as…
Trump targets another law firm, citing ties to Robert Mueller
WASHINGTON -U.S. President Donald Trump issued a proclamation on Thursday targeting law firm WilmerHale, the fifth time the president has taken aim at a major firm with connections to his legal or political adversaries. The proclamation cited WilmerHale’s ties to…
Trump asks US Supreme Court to intervene in deportations fight
WASHINGTON – Donald Trump’s administration asked the U.S. Supreme Court on Friday to allow his use of a 1798 law to swiftly deport alleged Venezuelan gang members as part of his hardline approach to immigration, arguing that courts must not…
After years of survival, China’s Huawei returns to revenue peak
SHENZHEN, China – China’s Huawei is expected to claim triumph over U.S. sanctions at its upcoming annual results, bolstered by its software push, progress in chips and booming smart-driving technology business that has helped it move out of “survival mode”….
Toyota’s global output rises for second month in February on solid Japan sales
TOKYO – Toyota Motor said on Friday its global production rose for the second consecutive month in February, driven by higher output and stronger sales in Japan after recovering from a certification scandal in its home market last year. Global…
US prosecutors probe tip about timing of Pfizer’s COVID vaccine, WSJ reports
Federal prosecutors in Manhattan are probing a claim by GSK that Pfizer delayed announcing its COVID shot’s success in 2020 until after that year’s election, the Wall Street Journal reported, citing people familiar with the matter. The report said on…
Australia PM Albanese calls national election for May 3
SYDNEY – Australia’s Prime Minister Anthony Albanese on Friday called a national election for May 3, launching a five-week campaign that is set to be dominated by cost-of-living pressures. Albanese’s Labor party won a majority at the last federal election…
Judge orders Trump administration to preserve Yemen attack plan messages
WASHINGTON -A U.S. judge on Thursday ordered President Donald Trump’s administration to preserve messages sent on the Signal messaging app discussing attack plans against the Houthis in Yemen that became public after they were inadvertently shared with a journalist. The…
Moldova broadens probe into pro-Russian group after detention of ethnic minority leader
CHISINAU -Moldova broadened an investigation into the financing of a banned pro-Russian political grouping in the country, two days after the detention of the leader of a pro-Moscow ethnic minority. The detention at Chisinau airport of Eugenia Gutul, the leader…
Trump nominee says she would not administer internet program to benefit Elon Musk
WASHINGTON -The Trump administration’s nominee to oversee a $42 billion government fund to bring high-speed broadband internet to unserved or underserved parts of the United States denied on Thursday that she would administer the program to benefit Starlink owner Elon…
Argentina economic activity grows at fastest pace since 2022
BUENOS AIRES -Argentina’s economic activity increased 6.5% in January compared with the same month last year, its highest year-on-year growth since mid-2022, official data showed on Thursday. The economy of the Latin American country registered its third consecutive month of…
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…