Trump Launches Dubai Luxury Tower Weeks Ahead of Gulf Visit
Dar Global Plc, a unit of Saudi Arabian developer that's listed in London, has partnered with the Trump Organization to build an 80-story tower on Dubai's main highway with views of the world's tallest tower. The new construction will include branded homes, a clubhouse and penthouses with sky pools, the firms said in a statement. It's expected to take some years to be completed.
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San Francisco Chronicle
20 hours ago
- San Francisco Chronicle
Darwin Nunez leaves Premier League champion Liverpool for Saudi Arabia's Al-Hilal
The Saudi Arabian soccer league has secured its latest marquee signing after Darwin Nunez completed a move from Liverpool to Al-Hilal on Saturday. The Uruguay international cost a reported 46.3 million pounds ($62 million) and has signed a three-year contract. Al-Hilal — Saudi Arabia's most successful team — has been searching for another star signing after releasing Brazil great Neymar in January. Manchester United captain Bruno Fernandes rejected a move before the Club World Cup in June and there was also reported interest in former Napoli striker Victor Osimhen. Nunez leaves Liverpool after a mixed time in the Premier League, where he produced some spectacular moments but could not establish himself as the Merseyside club's first-choice center forward. He scored 40 goals in 143 games and won the Premier League title last season. But he made only one league start from the turn of the year and scored just seven goals in 47 total appearances last term. In a summer when Liverpool has reinforced its attack with the signings of Hugo Ekitike and Florian Wirtz, along with reported interest in Newcastle striker Alexander Isak, Nunez's position had been in doubt. He follows a slew of players who have left Europe's top leagues for Saudi Arabia since Cristiano Ronaldo's move to Al Nassr in 2022. Karim Benzema, Sadio Mane and Riyad Mahrez are some of the high-profile names to make the switch as Saudi Arabia has mounted an ambitious recruitment drive to establish itself as a major player in global soccer. Al-Hilal, which produced one of the biggest upsets at the Club World Cup by eliminating Manchester City, already has a host of marquee players including Kalidou Koulibaly, Sergej Milinkovic-Savic, Joao Cancelo and Alesandar Mitrovic. It is also coached by two-time Champions League runner up Simone Inzaghi. It has won a record 19 Saudi league titles as well as four Asian championship, but was beaten to the title by Al-Ittihad last season. ___
Forbes
2 days ago
- Forbes
Trump Administration Subpoena Letitia James As $500 Million Civil Fraud Case Still Ongoing
The Trump administration is investigating New York Attorney General Letitia James regarding the civil fraud case she brought against President Donald Trump and his company, multiple outlets report, issuing a subpoena for documents and going after James as Trump still faces a $500 million fine—and counting—in the case as it remains pending in appeals court. New York Attorney General Letitia James attends now-President Donald Trump's civil business fraud trial at the New York Supreme Court on Oct. 24, 2023. Associated Press The Justice Department issued a subpoena to James' office for documents related to the civil fraud case, multiple outlets reported Friday, which The New York Times reports is part of an investigation into whether the case violated Trump's civil rights. James sued Trump, the Trump Organization and his business associates for fraud based on allegations that the president and his associates repeatedly misstated the value of their assets on financial statements for personal gain, with Judge Arthur Engoron agreeing with James and holding Trump and his co-defendants liable for fraud. Trump has long denied the allegations in the case and insisted there was no wrongdoing in how assets were calculated, and has repeatedly attacked James, claiming she brought the lawsuit because she's politically biased against him and describing her as a 'crook.' The civil fraud case is still ongoing, as a state appeals court heard Trump's appeal in the case last September and has not yet issued a ruling over whether or not Engoron's ruling should stand. Engoron ordered Trump to pay $454.2 million in the case, an amount that keeps going up as the case drags out, as approximately $111,984 in interest is added each day—now ballooning the total amount Trump owes to approximately $513 million. James has strongly opposed the Trump administration's reported investigation into her, with her personal attorney Abbe Lowell saying in a statement Friday, 'Investigating the fraud case Attorney General James won against President Trump and his businesses has to be the most blatant and desperate example of this administration carrying out the president's political retribution campaign.' How the Trump administration's investigation into James will play out. There is no indication of any wrongdoing by James in her litigation against Trump, though it's unclear what conclusions the Trump DOJ's investigation will reach and how long the probe could take to play out. The Justice Department also reportedly issued a separate subpoena into documents regarding a lawsuit James' office successfully brought against the National Rifle Association, and the Justice Department has reportedly separately been investigating James' personal real estate transactions. Will Trump Have To Pay In The Civil Fraud Case? It still remains to be seen how the appeals court will rule on Trump's appeal of the civil fraud case. The five-judge panel appeared somewhat sympathetic to the president when they heard arguments last year and suggested they could be inclined to lower the eye-popping sum he's been ordered to pay, which one judge referred to as 'troubling.' It's unclear when the court's ruling will come out. Interest on the amount Trump has to pay will keep accruing until the appeals process is fully over, and he will only have to pay if the courts still find him liable for fraud after the case has been fully appealed. He has already posted a $175 million bond in the case, after successfully persuading a court to lower the amount he immediately had to pay. Forbes estimates Trump's net worth at $5.1 billion as of Friday afternoon. The president's cash pile has significantly increased since the civil fraud ruling first came out, making him fully capable of paying the nine-figure civil fraud fine. Trump now has approximately $770 million in liquid assets, up from approximately $413 million after Engoron's fraud ruling, with the bump largely thanks to the president's cryptocurrency holdings. Key Background James sued Trump and his company in 2022 for alleged fraud, claiming the president and his allies repeatedly inflated the size and value of assets in order to obtain more favorable business deals. The allegations included false valuations for such Trump properties as Mar-a-Lago and Trump Tower, where the Trump Organization exaggerated the size of Trump's penthouse even after Forbes reported the square footage the company had been using was false. Engoron first found Trump and his allies liable for fraud even before the case went to trial, and then ruled in February 2024, after the trial had concluded, that the fraud was committed knowingly, finding there was 'overwhelming evidence' suggesting Trump and his allies knew the numbers they were using were false. Trump himself 'was aware of many of the key facts underpinning various material fraudulent misstatements,' Engoron wrote. James is one of a number of prosecutors that Trump attacked as legal cases piled up against him between his two presidential terms, and the president has long suggested he wants to get revenge on his enemies while in the White House. In addition to the New York attorney general, the Trump administration has also opened an investigation into Jack Smith, the former special counsel who led the federal government's two criminal cases against Trump. Further Reading Forbes Appeals Court Questions Trump's 'Troubling' $450 Million Fine In Civil Fraud Case By Alison Durkee Forbes Trump Already Owes $24 Million More In Fraud Case As It's Heard On Appeal By Alison Durkee Forbes Trump Ordered To Pay Over $350 Million In Civil Fraud Case As Judge Finds Ex-President Knowingly Committed Fraud By Alison Durkee
USA Today
2 days ago
- USA Today
Trump Mobile pushes T1 Phone release to October. What we know about the phone, service
The Trump Organization's cell phone enterprise has pushed back the launch date for its smartphone until October. President Donald Trump's eldest sons, who manage the Trump Organization, announced in June the company was launching Trump Mobile, a new cellular service and cellphone company that would sell its own smartphone, the "T1 Phone." Trump Mobile made the T1 Phone available for preorders when the company launched and said the the devices would be ready in August. However, a spokesperson confirmed with USA TODAY the phone is now expected to be available in October, but did not immediately answer questions on what caused the delay. Here is what to know about the T1 Phone and Trump Mobile's offerings: More: T1 Phone latest golden accessory from Trump world after sneakers, seatbelts and tweezers Trump Mobile offers the '47 Plan.' What does it include? The Trump Mobile network will offer 5G service through "The 47 Plan," available for $47.45 per month − a nod to Trump's first and second terms. According to the Trump Mobile website, the service will include: Golden T1 Phone on sale for $499, preorder only The T1 phone is selling for $499 with a down payment of $100. Trump Mobile once said the T1 Phone would be built in the U.S., but now the website reads it will be "designed with American values in mind, the T1TM delivers top-tier performance, sleek design, and powerful features — all without the inflated price tag." It includes AI face unlocking and an in-screen fingerprint sensor, according to Trump Mobile's website. The T1 Phone will also have 256 gigabytes of internal storage. It will operate on the Android 15 system with a USB-C port and 3.5 mm headphone jack, the website states. Trump Mobile leader teases new products in the future In launching the company, Eric Trump and Donald Trump Jr. introduced entrpreneur Pat O'Brien as part of the launch team for Trump Mobile, according to Reuters. When reached by phone by the outlet, O'Brien said the brand was planning to initially launch one phone and later develop other devices. Reuters reported he said the T1 Phone had received a lot of preorders but did not provide a number. Contributing: Melina Khan, USA TODAY Kinsey Crowley is the Trump Connect reporter for the USA TODAY Network. Reach her at kcrowley@ Follow her on X and TikTok @kinseycrowley or Bluesky at @
