WASHINGTON – A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, despite a barrage of criticism from President Donald Trump and dissents from two top officials. The Federal Open Market Committee, the group that sets the overnight borrowing rate, voted 9-2 to stay on hold. The federal funds rate will…
U.S. President Donald Trump and British Prime Minister Keir Starmer react after picking up the trade agreement with the U.K. papers that Trump dropped as they speak to the media during the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | Reuters President Donald Trump‘s sweeping tariff powers and recent trade deals…
The world’s best known artificial intelligence accelerationists have been in Silicon Valley. Now there’s one sitting in the White House. President Donald Trump’s AI Action Plan, launched on Wednesday, represents a great loosening of rules around the ChatGPT boom. It’s an ambitious screed aimed at keeping America ahead in the race for AI supremacy. “China”…
President Donald Trump attends a bilateral meeting with European Commission President Ursula von der Leyen during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. Jonathan Ernst | Reuters The European Union appears to be considering whether to deploy its “Anti-Coercion Instrument” — characterized as a “nuclear option” to try…
The US president reportedly asked the five African nations at his summit to accept third-country asylum seekers. United States (US) President Donald Trump hosted a mini-summit with five African leaders in the White House last week. It was surprising that he met with African leaders at all, given his stance towards the continent. His choice…
On July 9, United States President Donald Trump opened a three-day mini summit at the White House with the leaders of Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal – by subjecting his distinguished guests to a carefully staged public humiliation. This was not the plan – or at least, not the part the public was meant…
United States President Donald Trump has threatened Brazil with a 50 percent tariff, citing the criminal charges against its former president and his political ally Jair Bolsonaro, who is accused of plotting a coup. In a letter to Luiz Inacio Lula da Silva, Brazil’s current president, Trump said on Wednesday that the treatment of Bolsonaro, who…
When five African presidents board flights bound for Washington this week, they carry more than protocol briefings and tailored suits. Behind the ceremonial optics of the upcoming White House summit with President Trump lies a deeper story — one of political survival, economic aspiration, and a recalibration of Africa-U.S. relations. The leaders of Gabon, Guinea-Bissau,…
WASHINGTON — The Social Security Administration has sent a misleading email to beneficiaries stating that President Donald Trump’s sweeping tax cuts and spending law eliminates taxes on Social Security benefits for most recipients. “The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful…
Thai Son S.P. Co. garment factory in Thu Duc, Ho Chi Minh, Vietnam, on June 21, 2025. Daniel Ceng | Anadolu | Getty Images U.S. President Donald Trump announced a trade pact with Vietnam on Wednesday, but its scant details have left economists wondering about what it would mean for the flow of Chinese goods…
