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Shanahan withdraws from consideration to be U.S. defense secretary6/18/2019 6:43:09 PM Acting Defense Secretary Patrick Shanahan has withdrawn from consideration to head the U.S. military, President Donald Trump announced on Tuesday, stoking uncertainty about the leadership of the Pentagon at a moment of rising tension with Iran.
McConnell would prefer confirmed defense secretary given Iran tensions6/18/2019 6:42:35 PM U.S. Senate Republican leader Mitch McConnell said on Tuesday it would be better to have a Senate-confirmed defense secretary than someone serving in just an acting capacity given tensions between the United States and Iran.
Boost for Boeing as BA owner backs grounded jet with 200-plane order6/18/2019 6:39:12 PM Boeing won a major vote of confidence at the Paris Airshow on Tuesday as British Airways owner IAG signed a letter of intent to buy 200 of its 737 MAX jets that have been grounded since March after two deadly crashes.
Exclusive: Overruling his experts, Pompeo keeps Saudis off U.S. child soldiers list6/18/2019 6:38:43 PM Secretary of State Mike Pompeo has blocked the inclusion of Saudi Arabia on a U.S. list of countries that recruit child soldiers, dismissing his experts' findings that a Saudi-led coalition has been using under-age fighters in Yemen’s civil war, according to four people familiar with the matter.
Trump creates doubt over use of U.S. force to protect Gulf oil6/18/2019 6:34:42 PM U.S. President Donald Trump said he was prepared to take military action to stop Tehran from getting a nuclear bomb but left open whether he would back the use of force to protect Gulf oil supplies that Washington fears may be under threat by Iran.
Trump says U.S. agency will begin removing millions of illegal immigrants6/18/2019 6:29:41 PM President Donald Trump said on Monday that U.S. authorities would begin next week removing millions of immigrants who are in the United States illegally.
U.S. Justice Dept. keeps Manafort in federal custody, citing health, personal safety6/18/2019 6:04:00 PM Convicted felon Paul Manafort will remain in federal custody, a U.S. Justice Department official said on Tuesday, citing concerns about the "health and personal safety" of President Donald Trump's former campaign chairman if he was transferred to a local facility in New York.
White House considered demoting Fed's Powell -report6/18/2019 6:02:36 PM Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship and demoting him to be just one of as many as seven governors of the U.S. central bank, according to a report from Bloomberg News published on Tuesday.
Brexit campaigner Boris Johnson advances on Britain's top job6/18/2019 5:51:59 PM Brexit campaigner Boris Johnson advanced on the prize of Britain's top political job on Tuesday, winning 40 percent of votes in the second round of a contest to replace Prime Minister Theresa May.
Pompeo: U.S. President Trump does not want war with Iran6/18/2019 5:50:30 PM The United States will maintain its pressure campaign on Iran and continue to deter aggression in the region but does not want the conflict with Tehran to escalate, Secretary of State Mike Pompeo said on Tuesday.
U.S.'s Hook to meet European officials on Iran in Paris next week6/18/2019 5:49:48 PM U.S. Special Representative for Iran Brian Hook plans to travel to Paris next week for talks about Iran with senior British, French and German officials, a senior European diplomat and another source familiar with the matter said on Tuesday.
Nvidia boosts self-driving AI business with Volvo trucks deal6/18/2019 5:46:31 PM Sweden's AB Volvo is joining forces with Nvidia Corp to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was dropped by Tesla Inc last year.
Women's sex toy maker sues New York City subway, calls ad ban sexist6/18/2019 5:44:30 PM A new lawsuit asks why New York City's subway accepts advertisements depicting erectile dysfunction, bare buttocks, inflatable plastic breasts, "Kyng"-sized condoms and cactuses shaped like phalluses, but is refusing ads for women's sex toys.
U.S., China rekindle trade talks ahead of Trump-Xi G20 meeting6/18/2019 5:38:31 PM China and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, cheering financial markets with hope that an escalating trade war between the two countries would abate.
White House's Kudlow: U.S. looking for 'enforceable' trade deal with China - Fox6/18/2019 5:38:31 PM The United States wants to continue trade discussions with China that focus on structural changes and enforcement mechanisms when talks continue late this month during the G20 summit in Japan, White House economic adviser Larry Kudlow said on Tuesday.
Hong Kong leader signals end to extradition bill but refuses to quit6/18/2019 5:29:10 PM Hong Kong leader Carrie Lam on Tuesday signaled the end of a controversial extradition bill that she promoted and then postponed after some of the most violent protests since the former British colony returned to Chinese rule in 1997.
Global stocks fueled by hopes on monetary policy, U.S.-China trade6/18/2019 5:28:07 PM Global stocks rallied on Tuesday and benchmark government bond yields tumbled after European Central Bank President Mario Draghi hinted at economic stimulus, while equities got an extra boost when U.S. President Donald Trump confirmed a meeting with China's president amid the countries' trade dispute.
Exclusive: U.S. seen open to mechanism to end aircraft subsidy spat - sources6/18/2019 5:25:55 PM The United States is expected to be open to negotiations on an "enforceable mechanism" that could allow European planemaker Airbus to receive government funding on commercial terms and ease the risk of tit-for-tat sanctions, two U.S. sources said.
Former UEFA head Platini detained in Qatar World Cup investigation6/18/2019 5:25:32 PM Michel Platini, the former head of European football association UEFA, was detained for questioning by French police on Tuesday over the awarding of the 2022 World Cup soccer tournament to Qatar, a judicial source told Reuters.
For Fed's Powell, a gap with markets and Trump may need explaining6/18/2019 5:24:41 PM Bond investors expect an aggressive set of U.S. interest rate cuts this year, and a voluble president pines for the “old days” when his predecessors bullied central bankers to get their way.