Page 5 - Donald Trump

Should you sell in the market rally today? What analysts suggest

While the global setup has turned positive, analysts suggest investors remain watchful of profit booking at higher levels after the recent volatility.

Trump's Kharg Island threat, reversal show Iran war high-wire act

The island handles the vast majority of the country's oil exports and represents perhaps the most direct way to squeeze the Tehran regime economically and deprive it of a critical source of revenue

US appeals court allows Trump's 10% global tariff to stay in force for now

The US government can continue collecting the 10% worldwide tariff it imposed in February while legal challenges to the levies continue to work their way through the courts, a federal court ruled Thursday. The Court of Appeals for the Federal Circuit in Washington decision handed a procedural win to the Trump administration, concluding that its case was "likely to succeed on the merits.'' At issue are temporary 10% worldwide tariffs President Donald Trump imposed after the Supreme Court in February struck down even broader double-digit tariffs the president had imposed last year on almost every country on Earth. The new tariffs, invoked under Section 122 of the Trade Act of 1974, are set to expire July 24. Section 122, which had never been used to justify import taxes before, allows the president to impose worldwide tariffs of up to 15% for 150 days, after which congressional approval is needed to extend them. Section 122 is aimed at what it calls "fundamental international payment

No final decision on deal with US: Iran calls reports 'mere speculation'

Iran's Foreign Ministry spokesperson Esmail Baghaei stressed that Iran had 'proven that it does not compromise on what it has defined as its red lines'

Trump nominates US Attorney Jay Clayton as national intelligence director

President Donald Trump said Thursday that he plans to nominate Jay Clayton, the US attorney for the Southern District of New York and a former Securities and Exchange Commission chairman, as director of national intelligence. Trump announced the nomination on social media amid pressure from Congress to name a permanent replacement for Tulsi Gabbard, who resigned last month. Trump faced intense pushback over his decision to name Bill Pulte, head of the Federal Housing Finance Agency, as acting director. The situation has led to a standoff in Congress as Democrats said they would refuse to renew a foreign intelligence powers unless Trump pulled Pulte's nomination and named a permanent nominee. "Few people anywhere in the Legal Community are respected at the level of Jay," Trump wrote. "I encourage the United States Senate to confirm Jay as soon as possible.

Iran deal nearly final, Vance may sign pact in Europe this weekend: Trump

US President Donald said that a deal to end the war with Iran is nearly complete and is expected to be signed over the weekend in Europe. Trump made these remarks at the Oval Office in the White House on Thursday afternoon, hours after calling off military strikes on Iran and threatened to take control of its oil industry. Trump said Vice President J D Vance is expected to attend the signing ceremony which could take place in Europe as soon as this weekend. "We just made a great settlement of the war with Iran. The documents are in pretty final shape, so we'll see. It should be done pretty quickly," Trump said. The US president said that Iran has agreed not to have a nuclear weapon or purchase one. Trump said the agreement would ensure Iran never obtains a nuclear weapon, which he described as the central objective of the administration's pressure campaign against Tehran. The president also said the Strait of Hormuz would reopen once the agreement is signed, potentially easing ..

Trump calls off new Iran strikes, cites progress in ceasefire talks

US President Donald Trump said Thursday he has called off new military strikes on Iran, hours after threatening to escalate the war. The president said in a social media post that he made the move "based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved". Trump also suggested that progress has been made in talks to extend the fragile ceasefire, writing that "discussions and final points have been, in both concept and great detail," approved by United States, Israel, and other regional allies. He did not offer details. Trump on multiple occasions over the last several weeks has claimed that the warring parties have been on the cusp of a deal without anything coming to fruition.

Trump says will take over Iran's Kharg Island, warns of heavier strikes

Trump said the US will attack Iran again with intensified strikes on Thursday night but he would rather not hit bridges and power plants

Inside the White House panic over Epstein files and growing MAGA backlash

The president's top advisers gathered in a series of Situation Room meetings as they struggled to contain a scandal engulfing Donald Trump himself

Meeting Epstein was 'grave error in judgment': Bill Gates tells lawmakers

Bill Gates said Wednesday that he made a "grave error in judgment" by ever meeting with Jeffrey Epstein as the Microsoft co-founder faced questions behind closed doors from lawmakers about his relationship with the disgraced financier. In an opening statement provided to The Associated Press, Gates said he "should never have met with Epstein in the first place," but that he "never witnessed nor had any indication that Epstein was engaged in ongoing criminal conduct". The tech billionaire became the latest powerful figure linked to Epstein to testify before the House Oversight Committee. As Gates arrived at the Capitol, he noted that he was there voluntarily and said he hoped his testimony would be useful. "I hope my testimony is helpful to the work, the important work, of the committee, to find justice for the victims," he said. The committee chairman, Republican US Rep James Comer, formally requested that Gates testify after he appeared multiple times in a trove of documents relea

US firms remain cautious about investing in China despite improved profits

Just 49 per cent of the companies surveyed by the US-China Business Council said they planned to invest in the Asian country this year, up one percentage point from a record low last year

'I love the inflation': Trump's remark gets backlash amid rising costs

President Donald Trump on Wednesday showed how he had learned to stop worrying about inflation and simply, in his own words, "love" it. Asked about the new report that the consumer price index in May had jumped 4.2 per cent over the last year, the president took a surprisingly optimistic tack with the challenging news. Trump didn't dismiss the affordability issue as a "hoax" that was started by Democrats, as he has done previously. Nor did he claim that he was bringing down the cost of living. Instead, after the government said that inflation spiked to the highest level since April 2023, Trump praised the numbers. "You know what I really love?" Trump said. "I love the inflation." It was an unexpected take given that voters ahead of the November midterm elections have ranked the economy as a top concern -- and have given Trump low marks on that issue. Within minutes of his on-camera comment, Democrats quickly rushed to promote it on social media. Trump had pledged in his 2024 campa

World leaders congratulate Modi on becoming India's longest-serving PM

US President Donald Trump on Wednesday described Prime Minister Narendra Modi as a "Great One", while Russia hailed him as the "doyen of all Indian prime ministers" as world leaders congratulated him on becoming India's longest continuously serving elected representative at the top post. European Commission President Ursula von der Leyen, Italian Prime Minister Georgia Meloni, German Chancellor Friedrich Merz, Israeli Prime Minister Benjamin Netanyahu, Canadian Prime Minister Mark Carney and former UK PM Rishi Sunak were among prominent leaders who extended their greetings through social media posts. Modi, who was elected to the office in 2014, reached the milestone on Wednesday, with an unbroken tenure of 4,399 days - surpassing India's first Prime Minister Jawaharlal Nehru. Congratulating his "friend", President Trump, in a post on Truth Social, described Prime Minister Modi as "a Great One". "He is a strong, healthy, and wise man, and will have many years of Greatness and Succes

US launches fresh strikes on Iran as Trump says Tehran will 'pay the price'

The US military said Wednesday it began another round of strikes against Iran after President Donald Trump warned that Tehran would "pay the price" for stalled negotiations. The escalating attacks threatened to derail efforts to end the war. US Central Command said in a social media post that the military was striking "multiple targets in Iran," attacks that were "in response to Iran's unwarranted and continued aggression". The second day of American strikes came hours after Bahrain, Kuwait and Jordan - all of which host US troops - came under Iranian fire. It was the third time this week that back-and-forth strikes have tested a two-month ceasefire. They also came a day after the US struck Iran following the crash of an Army helicopter near the Strait of Hormuz that Trump blamed on the Islamic Republic. Trump has urged Iran to sign a deal to end the war and suggested earlier this week that an agreement could be reached in a matter of days. Iranian media reported that explosions we

Over 100 mn oil barrels, 200 ships secretly escorted through Hormuz: Trump

Earlier, Trump said that the United States would resume attacks on Iran, as he voiced frustration over Tehran's delays in concluding the deal with Washington

Trump congratulates Modi on becoming India's longest-serving elected PM

US President Donald Trump on Wednesday greeted Prime Minister Narendra Modi on becoming India's longest-serving elected prime minister. Modi reached the milestone of becoming India's longest-serving prime minister on Wednesday, with an unbroken tenure of 4,399 days in office, surpassing the record of the first prime minister, Jawaharlal Nehru. "Congratulations to my friend, Prime Minister Narendra Modi, on becoming India's longest-serving Prime Minister And a Great One he is," Trump said in a post on Truth Social. "He is a strong, healthy, and wise man, and will have many years of Greatness and Success ahead of him," he said.

Trump signs law boosting immigration, deportation funding by $70 bn

President Donald Trump signed a bill into law on Wednesday that gives his immigration and deportation agenda a nearly USD 70 billion boost for the rest of his time in the White House. The bill provides USD 38 billion for US Immigration and Customs Enforcement and USD 26 billion for the Border Patrol. An additional USD 5 billion would cover unforeseen costs, according to the White House. Trump signed the legislation in the Oval Office a day after House Republicans pushed the measure through by a 214-212 vote over the objections of Democrats. His signature ended a nearly six-month fight over Department of Homeland Security funding that began with shooting deaths of deaths of two US citizens, Alex Pretti and Renee Good, in January during federal immigration enforcement operations in Minneapolis. Democrats began demanding changes to immigration enforcement after the shootings, creating an impasse - and resulting in the longest agency in history - that ultimately led Republicans to go it

More US strikes on Iran coming today, Trump says Tehran will pay the price

The United States launched airstrikes early Wednesday against Iran, and Tehran fired back at countries in the region. The escalating attacks threatened to derail efforts to end the war, as US President Donald Trump warned that Tehran would "pay the price" for stalled peace negotiations. Trump's warning came hours after Bahrain, Kuwait and Jordan - all of which host US troops - came under Iranian fire. It was the second time this week that back-and-forth strikes have tested a two-month ceasefire. On Monday, Iran and Israel targeted each other. It was not clear what Trump's post on Truth Social would mean for Tehran, and the comments underlined the American leader's whipsaw approach to the war. He suggested on Monday that a deal to end the conflict could be reached in a matter of days. Iran, meanwhile, has proved resilient despite having faced weeks of heavy bombing. It is betting that its ability to effectively close the Strait of Hormuz - a crucial passageway for the world's oil and

US, Iran zero in on four nuclear issues in talks amid escalating tensions

With the cease-fire proving tenuous, negotiations between the two nations are in flux, but have advanced to outline potential paths forward on difficult questions about Iran's nuclear program