Author: potus

The Trump family is said to be in talks to invest in Binance. The discussions revolve around the family taking a stake in the U.S. arm of the crypto exchange, which had pleaded guilty to violating anti-money-laundering laws and whose founder, Changpeng Zhao, served time in prison, according to The Wall Street Journal. (It’s unclear whether a deal would require pardoning Zhao.) The talks further underscore the ties between the Trump family and the crypto industry, which spent millions to back Trump, a connection that critics have said represents a conflict of interest.Goldman’s chief wants more clarity, tooGoldman Sachs’s annual…

China and Russia joined Iran on Friday in urging an end to Western sanctions after President Trump called this week for nuclear talks with Tehran, with both countries denouncing the “threat of force.”After talks in Beijing with the deputy foreign ministers of Russia and Iran to discuss Iran’s nuclear program, the Chinese government said the three countries had agreed that all parties should “abandon sanctions, pressure and threats of force.”That appeared to be a reference to recent overtures that Mr. Trump has made toward Iran. Mr. Trump said last week that he had sent a letter to the Iranian government…

The “bromance” between United States President Donald Trump and tech billionaire Elon Musk was on full display on Tuesday when the White House South Lawn was transformed into a miniature Tesla showroom. Musk lined up Tesla cars to showcase the electric car producer’s latest innovations while Trump promised to brand anyone vandalising a Tesla car a “domestic terrorist” following reports of a spate of vandalism and arson attacks on Tesla cars across the country. Trump, known for his strong stance on domestic manufacturing and business leadership, has given Musk a prominent role in his new administration as leader of the…

Antonio Guterres’s visit comes after the UN food agency says it may have to halve food vouchers for the Rohingya starting next month.United Nations Secretary-General Antonio Guterres has visited Rohingya refugees in Bangladesh as their food rations face drastic cuts next month, threatening already dire living conditions in the world’s largest refugee settlement. Guterres’s visit on Friday to the border district of Cox’s Bazar is seen as critical, after the UN World Food Programme (WFP) announced potential cuts to emergency food supplies following the shutdown of USAID operations. Starting in April, the WFP may be forced to reduce food vouchers…

Montreal, Canada – It happened in early January. But for many Canadians, Justin Trudeau’s announcement that he planned to resign as Canada’s prime minister already feels like a lifetime ago. That’s because, in the weeks since, the country has been upended by a series of unprecedented shifts coming from south of the border. Canada is facing the prospect of a prolonged trade war with the United States, and US President Donald Trump has repeatedly threatened to annex the country, fuelling widespread anger and uncertainty. Now, as Trudeau is set to formally step down on Friday – clearing the way for…

Less than two months ago, the tech industry’s top leaders flocked to Washington, D.C., for the presidential inauguration, part of an effort to strike a friendly tone with President Donald Trump after a contentious first go-round in the White House.Thus far, they’ve avoided any nasty social media posts from the president. But their treatment by investors has been anything but warm.Over the last three weeks, since the Nasdaq touched its high for the year, the seven most valuable U.S. tech companies — often called “the Magnificent Seven” — have lost a combined $2.7 trillion in market value. The sell-off has…

When President Trump appointed his friend Steven Witkoff to be his Middle East envoy last November, the choice prompted head-scratching in diplomatic circles.Many foreign officials had never heard of Mr. Witkoff, a billionaire New York real estate developer who has known Mr. Trump since the mid-1980s. The president’s new envoy not only lacked expertise in the region apart from some business dealings, he had no diplomatic experience.That didn’t matter to a president who considers Washington credentials a liability and views foreign policy as a series of business transactions. And Mr. Trump was impressed by Mr. Witkoff’s ability to help the…

Since returning to office, Donald Trump has embarked on a shock-and-awe policy blitz that has paralyzed not only his political rivals but also an automotive industry that had largely welcomed his return.Carmakers may care little about Elon Musk’s government job cuts, or the United States taking Russia’s side against Ukraine. Efforts to eradicate D.E.I. policies are a little trickier, but auto executives and dealers have skillfully navigated such situations in the past. Still, this trade war — and rapid sequence of policy flip-flops — is not what they envisioned in a second Trump presidency.“So far what we’re seeing is a…

WASHINGTON (AP) — The Senate was preparing Friday to give final approval to a bill that could result in harsher prison sentences for fentanyl traffickers as both Republicans and Democrats seek to show they can act to rein in distribution of the deadly drug.The bill has already passed the House and has picked up Democratic support in the Senate, showing many in the party are eager to clamp down on fentanyl distribution following an election in which Republican Donald Trump harped on the problem. House Republicans passed a similar bill in 2023 with dozens of Democrats joining in support, but…

The Deutsche Telekom pavilion at Mobile World Congress in Barcelona, Spain.Angel Garcia | Bloomberg | Getty ImagesBARCELONA — Europe’s telecommunication firms are ramping up calls for more industry consolidation to help the region compete more effectively with superpowers like the U.S. and China on key technologies like 5G and artificial intelligence.Last week at the Mobile World Congress (MWC) trade show in Barcelona, CEOs of several telecoms firms called on regulators to make it easier for them to combine their operations with other businesses and reduce the overall number of carriers operating across the continent.Currently, there are numerous telco players operating…