Wells Fargo board to appoint CEO Scharf as chairman
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Reuters
an hour ago
- Reuters
US reverses pledge to link disaster funds to Israel boycott stance
WASHINGTON, Aug 4 (Reuters) - The Trump administration on Monday reversed course on requiring U.S. cities and states to rebuke boycotts of Israeli companies in order to receive disaster funds, according to a statement, and deleted the earlier policy from its website. The Department of Homeland Security removed its statement, opens new tab that said states must certify they will not sever 'commercial relations specifically with Israeli companies' to qualify for the funding. Reuters reported on Monday that the language applied to at least $1.9 billion that states rely on to cover search-and-rescue equipment, emergency manager salaries and backup power systems, among other expenses, according to 11 agency grant notices reviewed by Reuters. This is a shift for the administration of President Donald Trump, which has previously tried to penalize institutions that don't align with its views on Israel or antisemitism. The disaster funding requirement took aim at the Boycott, Divestment, and Sanctions movement designed to put economic pressure on Israel to end its occupation of Palestinian territories. The campaign's supporters grew more vocal in 2023, after Hamas attacked southern Israel and Israel invaded Gaza in response. "FEMA grants remain governed by existing law and policy and not political litmus tests," said DHS Spokeswoman Tricia McLaughlin in a statement on Monday afternoon. DHS oversees the Federal Emergency Management Agency. FEMA in grant notices posted on Friday said states must follow its "terms and conditions" to qualify for disaster preparation funding. Those conditions required that they not support what the agency called a "discriminatory prohibited boycott," a term defined as refusing to deal with "companies doing business in or with Israel." The new terms, opens new tab, posted later on Monday, do not include that language.
The Independent
an hour ago
- The Independent
News Corp to launch The California Post next year
News Corp., owned by Rupert Murdoch, is set to launch a new daily newspaper, The California Post, in Los Angeles early next year. The new publication will expand on The New York Post brand, featuring a robust staff and covering news, entertainment, politics, culture, sports, and business from a 'distinctly Californian perspective.' Robert Thomson, News Corp. CEO, stated that The California Post aims to provide an 'antidote' to existing journalism, engaging readers with 'serious reporting and puckish wit.' Veteran journalist Nick Papps has been appointed Editor-in-Chief of The California Post, reporting to The New York Post's top editor, Keith Poole. The venture targets California's large existing readership of The Post's digital sites and seeks to fill a perceived gap in the market, potentially capitalizing on the struggles of The Los Angeles Times.
The Independent
an hour ago
- The Independent
Trump's tariffs and executive orders have made him the ‘most influential president', data guru says
CNN data analyst Harry Enten described Donald Trump as the 'most influential president' of the century, citing his impact on US policy. Enten highlighted Trump's controversial tariff policies, noting the effective tariff rate has risen to 18 percent, the highest since the 1930s. The Trump administration implemented a 10 percent universal tariff on goods from countries where the US exports more than it imports, with higher levies for nations with trade deficits. Data also showed a significant decrease in net migration to the United States under Trump, projected to be down by at least 60 percent. Trump has signed 180 executive orders this year, a volume not seen since the Franklin D. Roosevelt administration.
