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Big corporations with money riding on President Donald Trump’s policies helped pick up the tab for Trump’s inaugural festivities earlier this month, new disclosures show. The companies’ five-to-seven-figure contributions earned company representatives prime perks, including access to events featuring the newly inaugurated president, Vice President Mike Pence, the Trump and Pence families and prospective Cabinet members and administration officials. Pfizer Inc. and Dow Chemical Co. both disclosed making […]

ANKARA: Iran denounced on Friday as illegal new sanctions imposed on it by the US and said it would impose legal restrictions on American individuals and entities helping “regional terrorist groups,” state TV quoted a Foreign Ministry statement as saying.“The new sanctions … are not compatible with America’s commitments and resolution 2231 of the UN Security Council that endorsed the nuclear deal reached between Iran and six […]

By Mica Rosenberg and Lesley Wroughton | NEW YORK/WASHINGTON NEW YORK/WASHINGTON About 60,000 visas were revoked under U.S. President Donald Trump’s executive order temporarily halting immigration from seven Muslim-majority countries, the State Department said on Friday, in one of several government communications clarifying how the order is being rolled out. The revocation means the government voided travel visas for people trying to enter the United States but […]

By Mike Stone | WASHINGTON WASHINGTON The Department of Defense and Lockheed Martin Corp (LMT.N) announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon’s most expensive program. The deal for the tenth lot of the stealthy fighter aircraft brings the price per jet to below $95 million for the first time, compared to $102 million […]

HAMBURG, Germany A German tourist attraction that features miniature models of various parts of the world has put up a wall around the United States, in a dig at President Donald Trump’s plan to build a full-sized one on the border with Mexico. The display at Miniature Wonderland, which Trip Advisor rates as the top destination in the city of Hamburg, is a hit with tourists, including […]

A federal judge in Seattle late on Friday temporarily halted President Donald Trump’s travel clampdown, issuing a ruling that applies on a nationwide basis. US District Judge James Robart, who was appointed to the bench in 2003 by former President George W Bush, granted a request by Washington’s state attorney-general to stop implementation of Mr Trump’s ban on refugees and travellers from seven Muslim-majority nations. The judge’s […]

“The danger is that this is the first stage in an escalation that could culminate in a military confrontation between Iran and the United States, or Iran and Israel,” said Karim Sadjadpour of the Carnegie Endowment for International Peace. “The entire eight years of the Obama administration was an example of unprecedented but largely unreciprocated overtures for cooperation with Iran in the Middle East. The Iranians weren’t […]

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A day of market gyrations and pressure for higher interest rates has forced the Bank of Japan to tip its hand by intervening to keep 10-year yields below 0.11 per cent. It is the first time the BoJ has turned last September’s “around zero per cent” cap on the 10-year yield into explicit action, with the central bank offering to buy an unlimited number of government bonds at […]

TOKYO Japanese Defense Minister Tomomi Inada said on Saturday she hoped a visit by U.S. Defense Secretary Jim Mattis to South Korea and Japan this week, his first overseas trip since taking office, would lead to deeper security ties. Inada spoke at the start of talks with Mattis, who on Friday reaffirmed Washington’s commitment to its mutual defence treaty with Japan when he met Prime Minister Shinzo […]

By Alastair Macdonald and Gabriela Baczynska | VALLETTA VALLETTA European Union leaders said they agreed to stick together in dealing with Donald Trump, but at their first summit since he took office they were at odds on how far to confront or engage with the new U.S. president. Trump and his policies, from questioning the value of NATO and free trade to banning Muslim refugees, came up […]

Fewer than 60,000 visas were provisionally revoked to comply with U.S. President Donald Trump’s travel ban affecting seven Muslim-majority countries, the State Department said on Friday. The immigration executive order signed by Trump a week ago temporarily halted the US refugee program and imposed a 90-day suspension on people traveling from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen. Trump said the measures would help protect Americans […]

By Dan Levine and Scott Malone | SEATTLE/BOSTON SEATTLE/BOSTON A federal judge in Seattle on Friday granted a nationwide temporary restraining order blocking U.S. President Donald Trump’s recent action barring nationals from seven countries from entering the United States. The judge’s order represents a major challenge to the Trump administration, which is expected to immediately appeal. The judge declined to stay the order, suggesting that travel restrictions […]

Submitted by Robert Wood via Forbes.com, President Trump’s executive order on travel may be generating big protests, but an IRS missive on travel and passports may not go down too well either. More than a year ago, in H.R.22, Congress gave the IRS a new weapon to collect taxes. Tax code Section 7345 is labeled, “Revocation or Denial of Passport in Case of Certain Tax Delinquencies.” The law isn’t limited to criminal tax cases, […]

New Yorkers march against Trump executive order on immigration. INQUIRER/Elton Lugay NEW YORK—When nurse practitioner Cristina Pajara saw a post on an alleged travel ban to include the Philippines, she wasted no time in canceling her scheduled trip to the homeland next month. “Nothing is certain under this new government, I don’t want to take my chances,” Pajara, a nurse practitioner based in Las Vegas told INQUIRER.net. She is among many Filipino Americans who are skeptical about traveling to the Philippines during these “uncertain […]

Anonymous sources are to journalists what a 12-pound funnel cake is to a kid at the state fair: We know it’s unhealthy, but we partake anyway. That has never been truer over the last week, as our good ship of state has sprung leak after leak. Nameless White House officials have served up more scoops than a Baskin Robbins: Trump’s disastrous call with Australia’s Prime Minister, his […]

By Chuck Mikolajczak | NEW YORK NEW YORK U.S. stocks climbed on Friday, with the S&P 500 closing just short of a record high, boosted by gains in financial shares as President Donald Trump moved ahead with deregulation action and by a strong payrolls report. The S&P financial sector .SPSY jumped 2 percent to score its best day since mid-November after Trump signed an executive order to […]

The $16tn US retirement savings industry faces renewed uncertainty after the Trump administration said it would review a “fiduciary rule” that forces retail brokers to put their clients’ interests first. The decision prompted dismay from backers of the rule, including Jack Bogle, the founder of Vanguard, who criticised the administration for having Gary Cohn, the former Goldman Sachs president, front the rollout of the new policy. It […]

While the White House said it had not yet taken an official position on settlement activity, its statement hinted at the kind of understandings that Israel had with President George W. Bush. Continue reading the main story In a 2004 letter to Prime Minister Ariel Sharon of Israel, Mr. Bush articulated a policy that allowed for continued Israeli building in major settlement blocs that Israel intended to […]

Investors piled into bank shares on Friday following news that Donald Trump will begin the process to undo parts of the Dodd-Frank financial reform law. The S&P 500 financials sector advanced 2 per cent and propelled it back into positive territory for the year on Friday. Within the broad group, the banks subsector gained 2.6 per cent, giving both their best day since November. Morgan Stanley shares […]

WASHINGTON The White House is looking into how embarrassing details of President Donald Trump’s recent tense phone conversations with his counterparts in Australia and Mexico were leaked to news organizations, White House spokesman Sean Spicer said on Fox News Channel. “The president takes these leaks very seriously,” Spicer said in an interview with Fox News Channel, which on Friday provided a transcript of a segment set to […]

WASHINGTON The deputy director of the U.S. National Security Agency, the intelligence agency in charge of electronic surveillance and code-breaking, is retiring, an NSA spokesman said on Friday. Richard Ledgett, who just turned 59, will retire in the spring, spokesman Michael Halbig said in an emailed statement. “It has been anticipated that he would retire in 2017 and he decided the time is right this spring after […]

WASHINGTON/ANKARA Instead of tearing up the Iran nuclear deal, the Trump administration is exploring how to tighten its enforcement and renegotiate key terms, but it may prove impossible to get other major powers and Iran to consider revising the agreement. Under the 2015 accord between Tehran and six world powers, Iran agreed to curb its nuclear programme in exchange for relief from some U.S., European and U.N. […]

By Lucia Mutikani | WASHINGTON WASHINGTON U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the Trump administration both a head start and a challenge as it seeks to boost the economy. Nonfarm payrolls increased by 227,000 jobs, the largest gain in four months, the Labor Department said on Friday. The unemployment rate, however, […]

The US on Friday imposed new sanctions on Iran as President Donald Trump followed up on his campaign pledge to take a tougher stance towards the Islamic republic. The Treasury department added 13 individuals and 12 companies — including Chinese, Lebanese and Emirati — to its sanctions list, freezing their assets under US control. Sean Spicer, White House spokesman, said the sanctions were a “very, very strong […]

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