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South China Morning Post
40 minutes ago
- South China Morning Post
Nasa to slash workforce by one-fifth amid efficiency drive
About 20 per cent of Nasa 's employees are set to depart the US space agency. Advertisement The National Aeronautics and Space Administration said in a statement on Friday that around 3,870 people were expected to depart. The remaining number of employees at the agency would be around 14,000, it said. The voluntary resignation programme is part of a broad push from President Donald Trump 's administration to reduce the United States ' federal workforce. The numbers were subject to change as Nasa reviews applications, including if an employee withdrew from the programme or a resignation was not approved, the space agency said in its statement on Friday. Advertisement 'Safety remains a top priority for our agency as we balance the need to become a more streamlined and more efficient organisation and work to ensure we remain fully capable of pursuing a Golden Era of exploration and innovation, including to the moon and Mars,' Nasa said.
RTHK
6 hours ago
- RTHK
Trade on agenda as Trump lands in Scotland
Trade on agenda as Trump lands in Scotland Donald Trump takes questions after landing in Scotland. Photo: Reuters US President Donald Trump landed in Scotland on Friday for a five-day visit set to mix diplomacy, business and leisure, as a huge UK security operation swung into place amid planned protests near his family-owned golf resorts. The president, whose mother was born in Scotland, will split his time between two seaside golf courses bearing his name, in Turnberry on the southwestern coast and Aberdeen in the northeast. Air Force One, carrying the president and White House staff, touched down at Prestwick Airport near Glasgow shortly before 8:30 pm (1930 GMT). Police officers lined surrounding streets and several hundred curious Scots came out hoping for a glimpse of the US leader as he made his way to Turnberry. Trump has no public events scheduled for Saturday and is expected to play golf at his picturesque resort, before meeting EU chief Ursula von der Leyen on Sunday for trade talks. Trump is also due to meet UK Prime Minister Keir Starmer during the trip. "We're going to do a little celebrating together, because we got along very well," Trump told reporters as he left the White House on Friday, calling Starmer "a good guy" doing "a very good job." He said they would discuss "fine tuning" the bilateral trade deal struck in May, and would "maybe even improve it." But the unpredictable American leader appeared unwilling to cede to a UK request for reduced steel and aluminium tariffs. Trump has exempted British exports from blanket 50 percent tariffs on both metals, but the fate of that carve-out remains unclear. "If I do it for one, I have to do it for all," Trump told reporters, when asked if he had any "wiggle room" for the UK on the issue. The international outcry over the conflict in Gaza may also be on the agenda, as Starmer faces growing pressure to follow French President Emmanuel Macron and announce that Britain will also recognise a Palestinian state. (AFP)
RTHK
6 hours ago
- RTHK
US stocks see more all-time highs on US trade deals
US stocks see more all-time highs on US trade deals Wall Street is also looking ahead to a heavy earnings calendar next week. Photo: Reuters The S&P 500 and Nasdaq finished at fresh all-time records on Friday amid optimism over US trade deals, concluding a winning week on a positive note. Markets stayed hopeful that US President Donald Trump's trade deal with Japan this week will be followed by accords with other major trading partners, averting major tariffs due at the White House's August 1 deadline. Investors have also greeted generally benign data that suggest the US economy is on solid ground, said Angelo Kourkafas of Edward Jones. "That might change in the months ahead, but for now, we have an economy that is holding up," Kourkafas said. The S&P 500 finished at 6,388, up 0.4 percent, its fifth straight closing record. The Nasdaq rose 0.2 percent to 21,108, closing at a third straight record, while the Dow Jones climbed 0.5 percent to 44,901. Besides trade negotiations, investors are looking ahead to a heavy earnings calendar next week, with Apple, Amazon and other large tech companies reporting results. Those are the market's largest companies, "so any hiccups there will have an implication for the broader market," Kourkafas said. Among individual companies, Intel dropped 8.5 percent after reporting a US$2.9 billion loss as it announced further cost-cutting initiatives. The company said it has cut about 15 percent of its workforce. But Deckers Outdoor surged 11.4 percent after reporting better than expected results. Revenues at the footwear retailer jumped 16.9 percent to US$964.5 million. (AFP)
