
Pentagon cancels procuring M10 Booker combat vehicles due to 'current world events'
June 11 (Reuters) - The Pentagon on Wednesday said it would cancel plans to procure M10 Booker combat vehicles that it had agreed to in a 2022 contract with General Dynamics Land Systems (GD.N), opens new tab "in response to current world events."
"The Army will request to reallocate the remaining funds in fiscal 2025 to accelerate fielding of war-winning capabilities and anticipates additional significant savings to be fully realized within the next 18-24 months," the Pentagon said in a statement.
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The Independent
an hour ago
- The Independent
Trump made $10million selling guitars, bibles, watches and sneakers - but his crypto firm was the most profitable of all
President Donald Trump made over $10 million in the last year selling watches, sneakers, bibles and guitars, but his stake in a cryptocurrency platform was the most profitable of all. Trump's financial disclosure report, released Friday by the Office of Government Ethics, lays bare the vast wealth of the president and his family. The president has made $57,355,532 from his stake in World Liberty Financial, the cryptocurrency platform. His $TRUMP meme coin was not part of the disclosure report because it only launched in January, but is estimated to have earned $320 million in fees. The president has also made millions in license fees, the 234-long disclosure report shows. By comparison, former President Joe Biden's 2024 filing was 11 pages. Trump's Mar-a-Lago estate and members-only club in Palm Beach brought in more than $50 million, according to the filing, which appears to cover the 2024 calendar year. Other items raking it in for Trump include 'Trump Watches,' that made $2.8 million, 'Save America' coffee table books that brought in $3 million, and Trump sneakers and fragrances which made $2.5 million. Sales of the Greenwood Bible made $1,306,035 and '45' guitars made $1,055,100. Trump launched the 'limited edition' American Eagle-branded electric and acoustic guitars in November last year, retailing from $1,500 to as much as $10,500. And earlier in 2024, Trump also unveiled his 'Never Surrender' high-top shoes for $399. The president has never shied away from pushing his merchandise on supporters, despite critics accusing him of shameless grift. His cryptocurrency venture has come under the spotlight recently. According to a Financial Times report last month, Trump's media company is planning to raise $3 billion to spend on Bitcoin and other cryptocurrencies. Trump Media & Technology Group, which owns the Truth Social app, aims to raise $2 billion in fresh equity and $1 billion in a convertible bond, according to the report. The move is the latest potential conflict of interest that has seen Trump pursue policies inside the White House that may financially benefit him and his family outside of it. Last month the president also hosted 200 of the largest investors in the $TRUMP memecoin at a personal banquet at his Virginia golf club — a move that one special interest watchdog called 'nakedly corrupt.'

ITV News
an hour ago
- ITV News
Starmer hints at revival of UK-Canada trade talks ahead of G7 summit
Britain and Canada will seek to revive stalled trade negotiations, Sir Keir Starmer has indicated ahead of a meeting with Mark Carney in the lead-up to a major international summit. The Prime Minister said the world's 'changing' economy means Britain must aim to reduce barriers with other allies as he flew to Ottawa for the first visit by a UK leader to the country in eight years. Negotiations between Britain and Canada on a post-Brexit trade agreement were halted last year under the previous Tory administration amid disputes over beef and cheese. The Government has reached economic deals with India, the US and the EU in recent months and is looking to pursue further deals with other allies to mitigate the threat of US President Donald Trump's tariffs. Sir Keir will be walking a diplomatic tightrope between strengthening bilateral relations with Ottawa and keeping the US president, who has expressed desires to annex the country as a '51st state', on side. Asked about the prospect of a trade agreement with Canada, the Prime Minister told reporters travelling with him to Ottawa on Saturday: 'I want to increase our trade with Canada and I will be discussing how we do so with Mark Carney. 'I have known Mark a long time, we are allies and colleagues and I have a very good relationship with him. We do a lot of trade with Canada as it is. 'Some months ago I said the world is changing on trade and the economy, just as it is changing on defence and security and I think that means we need to be more securing our base at home and turbo-charging what we are doing on the cost of living and at the same time reducing trade barriers with other countries. 'I've been expressing that in my discussions with Mark Carney and he is in the same position.' The Prime Minister said the interests of British citizens would be at the heart of his conversations with all international leaders as he prepares for a week of diplomacy at the G7 summit. The UK and Canada have a trade relationship worth £28 billion to the British economy and are both members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Sir Keir will fly from Ottawa to Kananaskis in the Canadian mountains for talks with counterparts from the world's leading economies. Spiralling conflict in the Middle East and the war in Ukraine will be top of the agenda in the talks between the UK, Canada, the US, France, Italy, Japan and Germany. Ukrainian President Volodymyr Zelensky is also expected to attend. Number 10 said the Prime Minister would use the trip to urge 'restraint and de-escalation' after Iran launched retaliatory strikes on Israel overnight. 'In these dangerous times, I am determined to forge a unique path to secure and renew Britain in an era of global instability,' he said. Sir Keir is also expected to meet Mr Trump, with whom he said he is in the 'final stages' of completing an agreed-upon US-UK trade deal, at the G7 summit. The Prime Minister told reporters on Saturday he had a 'good relationship' with the US president and 'that's important'. 'I've been saying, for probably the best part of six months now, we're in a new era of defence and security, a new era for trade and the economy,' he said. 'And I think it's really important for Britain to play a leading part in that, and that's what I'll be doing at the G7, talking to all of our partners in a constructive way. 'And I'm very pleased that I have developed good relations with all the G7 leaders to the point where… I have a very good relations with all of them.' Mr Carney has previously criticised the UK Government's invitation for Mr Trump to make a second state visit, telling Sky News earlier this year that Canadians were 'not impressed' by the gesture. In his strongest defence yet of the nation, Sir Keir said on Saturday he was 'absolutely clear' that Canada was an 'independent, sovereign country' and 'quite right too'. 'I'm not going to get into the precise conversations I've had, but let me be absolutely clear: Canada is an independent, sovereign country and a much-valued member of the Commonwealth,' he said. Sir Keir was greeted warmly by Mr Carney as he arrived at Rideau Cottage, the prime minister's official residence, for dinner on Saturday evening before the two leaders watched a game of ice hockey. 'Here he is,' the Canadian premier said, joking that he was 'as nervous as you when it's the Champions League' about the Stanley Cup final match between his beloved Edmonton Oilers and the Florida Panthers. 'It's all going to work out,' Mr Carney said. 'The Oilers are going to win, it's going to be the best G7 ever.'


Reuters
3 hours ago
- Reuters
Australia PM Albanese to meet with Trump on G7 sidelines in Canada
SYDNEY, June 15 (Reuters) - Australia's Prime Minister Anthony Albanese said he would meet with U.S. President Donald Trump at the Group of Seven summit in Canada for talks on the AUKUS defence pact and tariffs, in what will be the first face-to-face meeting between the two leaders. Albanese, who this month said he was looking forward to a "face-to-face" meeting with Trump without saying when it would occur, said he would meet Trump on Tuesday on the sidelines of the G7 summit, which starts on Sunday. "We do have a meeting scheduled. Obviously, there are issues that the US President is dealing with at the moment, but I expect that we will be able to have a constructive engagement," Albanese said in Seattle on Saturday, according to an official transcript of his remarks. "Obviously, we'll raise tariffs, we'll raise the importance as well of AUKUS, and we will have a discussion as two friends should," Albanese added. Washington's request for Canberra to raise defence spending to 3.5% of gross domestic product from 2% is also expected to feature in the meeting. The confirmation of talks comes after the Pentagon said this week it was reviewing its AUKUS nuclear submarine partnership with Australia and Britain. Australia, which sees the submarines as critical to its defense amid China's expansive military buildup, has said it will work closely with the U.S. on the review. AUKUS, to which Australia has pledged A$368 billion over three decades, was formed in 2021 to address worries about China's growing power. "I look forward to building on the very constructive phone conversations that we've had on the three occasions that we've had the opportunity to talk," Albanese added. A key U.S. security ally, Australia on Saturday welcomed a key U.S. warship to Sydney Harbour ahead of joint war games that will see more than 30,000 personnel from 19 militaries take part in Talisman Sabre, the largest Australian-U.S. war-fighting exercise.