Latest news with #(Donald)
The Hindu
21-07-2025
- Politics
- The Hindu
TRF deserves designation as foreign terrorist organisation: U.S. House Foreign Affairs Committee
The US House Committee on Foreign Affairs has welcomed the designation of The Resistance Front, a proxy of the Pakistan-based Lashkar-e-Taiba, as a global terrorist outfit over the Pahalgam attack, saying anyone who "butchers" civilians doesn't get a pass but justice. Last week, the U.S. designated The Resistance Front (TRF) as a designated Foreign Terrorist Organisation (FTO) and Specially Designated Global Terrorist (SDGT). 'President (Donald) Trump calls it like it is. The Resistance Front is a foreign terrorist organisation and deserves the designation," the committee, chaired by Representative Brian Mast, said in a post on X Saturday. A long list: The Hindu editorial on the U.S., designation of The Resistance Front group "When you butcher civilians, you don't get a pass—you get Justice. It was a terrorist attack—simple and straightforward,' the committee said. It also cited its post on X dated April 22, when the committee had slammed a report by the New York Times on the Pahalgam attack titled 'At Least 24 Tourists Gunned Down by Militants in Kashmir'. The House Foreign Affairs Committee Majority had said, 'Hey, @nytimes, we fixed it for you. This was a terrorist attack plain and simple. Whether it's India or Israel, when it comes to terrorism, the NYT is removed from reality.' It was a terrorist attack—simple and straightforward. — House Foreign Affairs Committee Majority (@HouseForeignGOP) July 19, 2025 In the post, the House Foreign Affairs Committee had struck down the word 'militants' in the headline and replaced it with the word 'terrorists', writing the word in bold red letters. U.S. Secretary of State Marco Rubio, announcing the punitive measure against TRF, had said it was part of Washington's commitment to countering terrorism and enforcing President Trump's call for justice for the Pahalgam attack. TRF, a Lashkar-e-Taiba (LeT) front and proxy, claimed responsibility for the April 22, 2025, Pahalgam attack, which killed 26 civilians. India welcomed the U.S. decision, with External Affairs Minister S Jaishankar describing it as a "strong affirmation" of India-US counter-terror cooperation.
18-06-2025
- Business
Nippon Steel Completes 2-T.-Yen Acquisition of U.S. Steel
News from Japan Economy Jun 19, 2025 00:15 (JST) Tokyo, June 18 (Jiji Press)--Nippon Steel Corp. said Wednesday that it has formally completed the acquisition of United States Steel Corp. and made U.S. Steel a wholly owned subsidiary, adding that the U.S. company will issue a "golden share" to the U.S. government. The Japanese company bought U.S. Steel shares at 55 dollars apiece, bringing the total value of the deal to around 2 trillion yen. The golden share will carry no voting rights, but will give the U.S. government the right to appoint one independent director and require the U.S. president's consent for transferring U.S. Steel's headquarters, production or jobs out of the country, according to Nippon Steel's press release. "I am very pleased that the partnership between Nippon Steel and U.S. Steel has been realized thanks to President (Donald) Trump's historic and visionary decision," Nippon Steel Chairman and CEO Eiji Hashimoto said in the release. "Nippon Steel is committed, together with U.S. Steel, to solidifying its position as the world's leading steelmaker," Hashimoto noted. [Copyright The Jiji Press, Ltd.] Jiji Press
USA Today
03-06-2025
- Business
- USA Today
US stock futures slip amid US-China trade tensions
US stock futures slip amid US-China trade tensions Show Caption Hide Caption What is the S&P 500? A complete guide to this key stock market index Understanding the S&P 500: What it is and why it matters U.S. stock futures are lower after major stock indexes eked out a gain on the first trading day of the month despite rising trade tensions between the U.S. and China. "It appears the market took solace in the White House signaling that President (Donald) Trump and Xi Jinping would talk this week," said Mike O'Rourke, chief market strategist at JonesTrading. At 6:20 A.M. ET, futures linked to the blue-chip Dow fell -0.40%, while broad S&P 500 index futures dropped -0.45% and tech-heavy Nasdaq futures slipped -0.44%. Corporate news Before the bell Dollar General, Signet Jewelers and Nio are set to report earnings. Stocks to watch include: EchoStar said it won't make about $183 million in cash interest payments on a series of Dish's notes. The non-payment was made in light of recent uncertainty raised by the Federal Communications Commission, it said. Pegasystem raised its full-year outlook above analysts' forecasts. Credo Technology's results in the last three months of its fiscal year beat analysts' forecasts. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
San Francisco Chronicle
29-05-2025
- Politics
- San Francisco Chronicle
California sues Trump administration for cutting millions of dollars for NSF grants
The Trump administration's termination of hundreds of millions of dollars in National Science Foundation grants for research and programs promoting racial and gender diversity to race and gender was challenged Wednesday in a suit by California and 15 other states, which said the cutoffs defied longstanding federal law. Since 1980, Congress has determined that 'the highest-quality science over the long term requires substantial support … for increased participation in science and technology by women and minorities,' the states' lawyers said in the lawsuit, filed in federal court in New York. They quoted a federal law that requires the National Science Foundation to award its grants 'on a competitive, merit-reviewed basis … to increase the participation of underrepresented populations,' including women, minorities and people with disabilities. The suit also challenged the NSF's decision to slash funding for services that support scientific research, like maintaining laboratories, providing security measures to prevent access by foreign governments and disposing of wastes. 'President (Donald) Trump wants to make America's universities second tier with his backwards efforts to slash research funding that has kept us on the cutting edge of science and innovation,' California Attorney General Rob Bonta said in a statement. The National Science Foundation declined to comment on the lawsuit but cited a statement on its website by its new director, Sethuraman Panchanathan. He said the foundation's programs 'must aim to create opportunities for all Americans everywhere,' and 'should not preference some groups at the expense of others.' The terminations are part of President Trump's broader agenda to halt government programs promoting the interests of women and minorities, measures that Trump contends are biased against white, heterosexual males. According to the lawsuit, between 1995 and 2017, women's representation doubled in science and engineering programs nationwide, and minority representation in those programs more than doubled, due in substantial part to the federal government's compliance with the law. After the NSF issued its cutoff orders in mid-April, the suit said, one of the first programs terminated was a five-year, $3 million grant to UC Berkeley, approved two years earlier, for research by professors and students on possible racial bias in law enforcement, reports of police misconduct and tenant eviction policies. In a letter to a university program manager on April 18, a Trump administration official said the research programs 'are not in alignment with current NSF priorities.' 'We've had the rug pulled out with no warning and with no ability to appeal the decision,' David Harding, a sociology professor who directed the research, told the Chronicle. Citing the terminations of other previously approved research programs and funding support, the states said in Wednesday's lawsuit that the Trump administration's actions had violated federal law and the Constitution, which authorizes Congress, not the president, to establish the programs and pay for them.
Reuters
10-03-2025
- Business
- Reuters
Rupee slumps on strong demand to buy dollars at daily fix, weak yuan
MUMBAI, March 10 (Reuters) - The Indian rupee weakened on Monday on the back of strong demand to buy dollars at the daily reference rate and as the Chinese yuan slipped amid worries about the country's economy and a global trade war. The rupee declined 0.4% to 87.26 against the U.S. dollar as of 9:45 a.m. IST. The reference rate, or the daily fix, was quoted at a 1/1.20 paisa premium, signalling strong dollar bids, a trader said. Meanwhile, the dollar index ticked up to 103.8, recovering from a four-month low hit last week after data showed the U.S. economy created slightly fewer jobs than expected. While worries about trade policy uncertainty and a slowdown in the U.S. economy have hurt the dollar, tepid risk sentiment has kept a lid on gains for Asian currencies. The dollar index has fallen more than 3% in March so far. "Tariff delays and exemptions could also remain a drag on the U.S. dollar, with President (Donald) Trump flip-flopping with his tariff policies," MUFG Bank said in a note. In an interview on Sunday, Trump declined to predict whether the U.S. could face a recession amid stock market concerns about his tariff actions on Mexico, Canada and China. U.S. tariffs of 25% on imports of steel and aluminium will take effect on Wednesday and investors await the announcement of reciprocal tariffs in early April. Asian currencies were mostly weaker on the day led lower by the yuan, which declined 0.3% to 7.25, hurt by worries over an escalating global trade war and fresh signs of economic wobbles.
