Page 5 - Latest Updates on Donald Trump

Trump warns Britain on China ties as Starmer hails progress in Beijing

As Western leaders reel from Trump's unpredictability, Starmer is the latest to head to China

A red-hot US economy under Donald Trump may not cool the way he hopes

Trump's high-growth push - fuelled by stimulus, deregulation and rate cuts - may heat up the US economy but risks persistent inflation and financial instability

Who is Kevin Warsh, Trump's pick to succeed Powell as Fed chair?

US President Donald Trump has nominated former Federal Reserve governor Kevin Warsh to lead the central bank after Jerome Powell steps down in May

Trump admin likely to back Kevin Warsh for next Federal Reserve chair

Trump has openly sought to shape Fed's rate policy through his appointments in an effort to find someone broadly acceptable to markets who'll also share his inclination to cut rates further and faster

US seeks to quell fears that Trump's 'Board of Peace' will replace UN

The Board of Peace is a core element of Trump's 20-point plan that helped broker a ceasefire between Israel and Hamas last year

US eases sanctions, issues license for oil firms to operate in Venezuela

The license covers variety of activities that could expedite the movement of Venezuelan oil, including exporting, selling, storing, refining that oil, as long as the work is performed by a US entity

Trump admin plans to dial back ICE agents in Minnesota after protests

Tom Homan, Trump's 'border czar,' said that officials from Customs and Border Protection and ICE are working on a 'draw down plan' that hinges on cooperation from local, state and federal officials

Trump sues IRS, Treasury for $10 billion over leak of tax records

President Donald Trump is suing the IRS and Treasury Department for $10 billion, as he accuses the federal agencies of a failure to prevent a leak of the president's tax information to news outlets. The suit, filed in a Florida federal court on Thursday, was also brought by Eric Trump, Donald Trump Jr. and the Trump organization as plaintiffs. In 2024, former IRS contractor Charles Edward Littlejohn of Washington, D.C. - who worked for Booz Allen Hamilton, a defense and national security tech firm - was sentenced to five years in prison after pleading guilty to leaking tax information about Trump and others to news outlets. Littlejohn gave data to The New York Times and ProPublica between 2018 and 2020 in leaks that appeared to be "unparalleled in the IRS's history," prosecutors said. Trump's suit states that Littlejohn's disclosures to the news organizations "caused reputational and financial harm to Plaintiffs and adversely impacted President Trump's support among voters in the 2

Venezuela passes major oil law reform, opening doors for foreign firms

The overhaul also enables authorities to lower taxes and royalties paid to the government, although Petroleos de Venezuela will remain under state ownership

Asian stocks choppy, eye best month in 3 yrs as Trump averts govt shutdown

S&P 500 e-mini futures slid 0.4 per cent and Nasdaq e-mini futures were off 0.5 per cent, while precious metals were choppy after a flash crash

Trump says Putin 'agreed' not to attack Kyiv for a week during cold spell

US President Donald Trump said Thursday he has asked Russian President Vladimir Putin not to target the Ukrainian capital of Kyiv for one week as the region experiences frigid temperatures. The call for a pause in attacks on Ukraine's capital comes as Russia has been pounding the country's critical infrastructure, leaving many around the country without heat in the dead of winter. "I personally asked President Putin not to fire on Kyiv and the cities and towns for a week during this ... extraordinary cold," Trump said during a Cabinet meeting at the White House. Trump added that Putin has "agreed to that," but there was no confirmation of that from Russia. Meanwhile, a Russian drone attack killed three people in Ukraine's southern Zaporizhzhia region overnight, authorities said Thursday, as Ukrainian President Volodymyr Zelenskyy warned that Moscow is planning another large-scale barrage despite plans for further US-brokered peace talks at the weekend. The Zaporizhzhia strike caus

Trump signs executive order to launch nationwide drug recovery initiative

Trump said the initiative would bring together efforts across federal, state and local governments as well as the private sector

Trump threatens 50% tariff on Canadian aircraft as trade dispute deepens

President Donald Trump on Thursday threatened Canada with a 50 per cent tariff on any aircraft sold in the US, the latest salvo in his trade war with America's northern neighbour as his feud with Prime Minister Mark Carney expands. Trump's threat posted on social media came after he threatened over the weekend to impose a 100 per cent tariff on goods imported from Canada if it went forward with a planned trade deal with China. But Trump's threat did not come with any details about when he would impose the import taxes, as Canada had already struck a deal. In Trump's latest threat, the Republican president said he was retaliating against Canada for refusing to certify jets from Savannah, Georgia-based Gulfstream Aerospace. Trump said the US, in return, would decertify all Canadian aircraft, including its Bombardier. "If, for any reason, this situation is not immediately corrected, I am going to charge Canada a 50 per cent Tariff on any and all Aircraft sold into the United States of

Trump says Venezuelan airspace to reopen, Americans can visit soon

President Donald Trump said Thursday he has informed Venezuela's acting president, Delcy Rodriguez, that he will open up all commercial airspace over the Venezuela and Americans will soon be able to visit Trump said he instructed his transportation secretary, Sean Duffy, and US military leaders to take steps to open the airspace for travel by the end of the day. "American citizens will be very shortly able to go to Venezuela, and they'll be safe there," the Republican president said. Venezuela's government did not immediately comment. While the State Department continued to warn Americans against travelling to Venezuela, at least one US airline announced its intention to soon resume direct flights between the countries. American Airlines was the last US airline flying to Venezuela when it suspended flights in 2019 that it operated between Miami and the capital, Caracas, as well as the oil hub city of Maracaibo. The airline said Thursday it would share additional details about the

Trump signs order to impose tariffs on countries supplying oil to Cuba

President Donald Trump on Thursday signed an executive order that would impose a tariff on any goods from countries that sell or provide oil to Cuba, a move that puts pressure on Mexico. Mexican President Claudia Sheinbaum said this week that her government had at least temporarily stopped oil shipments to Cuba, but said it was a "sovereign decision" not made under pressure from the United States. Trump has been squeezing Mexico to distance itself from the Cuban government.

Cautious confidence: Amid uncertainty, banks seek to steer with stability

Even as banks boast healthy books, concerns remain across the financial landscape. Raghu Mohan and Abhijit Lele explain why work is not yet complete

Sunglasses and global turmoil give Macron a rare lift at home and abroad

Emmanuel Macron gains rare political momentum as his defiant Davos stance and global turmoil boost his standing at home, even as deep challenges persist in France and Europe

Withdrawing to the West: US defence strategy raises global concern

America First reshapes US defence priorities, urging allies to secure themselves and raising fresh doubts over Taiwan and Asia's stability as Washington turns inward

US, Denmark begin discussions over Greenland deal to assuage Trump

The negotiations follow Trump's announcement last week of a "framework of a future deal," in which he pledged to refrain from imposing tariffs on European nations

Federal troop deployments to US cities cost taxpayers nearly $496 mn

The Trump administration's high-profile deployment of federal troops to six US cities has cost taxpayers roughly USD 496 million through the end of December, and continued deployment could cost over USD 1 billion for the rest of the year, according to new data from the nonpartisan Congressional Budget Office. President Donald Trump has justified sending National Guard troops into US cities as part of an effort to combat crime and support local law enforcement. Critics of the move argue the deployments undermine state and local authority and exceed the president's authority under the Constitution. The CBO published the new data estimating the costs associated with the federal deployments of National Guard and active-duty Marines after a request from Sen. Jeff Merkley, D-Ore., who is the ranking member on the Senate Budget Committee. "The American people deserve to know how many hundreds of millions of their hard-earned dollars have been and are being wasted on Trump's reckless and ..