Last week, the Trump administration unveiled what it billed as an “Economic D-Day” aimed at forcing Iran to reopen the Strait of Hormuz and return to the negotiating table. The Trump administration has said the moves against Iran, called “Operation Economic Outcast,” are the biggest-ever financial offensive leveled against a U.S. adversary. (Reuters) But the…
Last year, Energy Secretary Chris Wright complained that the GOP-led Congress wouldn’t give the Trump administration the billions of dollars needed to fill up the U.S.’s oil reserves. President Trump is trying to find a way around reluctant lawmakers. The Bryan Mound Strategic Petroleum Reserve site on the Texas Gulf Coast. Trump said Sunday that…
The Justice Department was preparing to wage a legal battle more than a decade in the making against the world’s largest concert promoter. Then President Trump called. Lawyer James McDonald, left, with Live Nation CEO Michael Rapino in New York in March. Settle it, the president told a senior DOJ official, the official later told…
The Trump administration is preparing what US Treasury Secretary Scott Bessent described as an “economic D-Day” against Iran, as Washington moves towards what it says will be its strongest financial campaign yet against Tehran. Bessent accused Iran of using security guarantees as a form of “extortion” and said Tehran had relied on the expectation that…
Apple is facing pressure from the US over its plans to source memory chips from Chinese manufacturers as a global shortage pushes up the component’s price. US Commerce Secretary Howard Lutnick said the administration does not want Apple to buy memory chips from China and told the iPhone maker to look for alternatives. “The Trump…
Christian Chinese human rights lawyer Wu Shaoping, who represented persecuted religious believers and other victims of government repression before fleeing China, was released on bond July 24 after spending nine days in ICE custody despite having been granted asylum in the United States. Wu was arrested July 15 after Pennsylvania law enforcement stopped him while…
The exact reason behind why the United States suddenly paused its military campaign against Iran after 13 straight days of attacks remains unclear. However, Vice President JD Vance and Chairman of the Joint Chiefs of Staff Gen. Dan Caine reportedly raised concerns over further escalation and US weapons stockpiles before the decision. President Donald Trump…
The Trump administration is considering a plan to buy the Chagos Islands, the Indian Ocean archipelago from Mauritius, The Telegraph reported on Sunday. This comes as British Prime Minister Keir Starmer plans to cede sovereignty of the territory to Mauritius. White House is ramping up efforts aimed at providing alternatives to Keir Starmer’s plan. (AP/AFP)…
Is peace at hand between the U.S. and Iran, or is talk of an end to the war just more hype and spin? Is the potential agreement, as President Trump insists, a good deal that is much tougher than anything the Obama administration managed to negotiate? Or is it the thinly disguised surrender of a…
A former top scorer in Hong Kong’s public examinations has been named the 18th president of Northwestern University, becoming the first Asian American to lead the prestigious institution. Mung Chiang, who moved to Hong Kong from Tianjin at the age of 11 and attended Queen’s College before pursuing higher education at Stanford University in the…