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Fed Governor Cook says Trump has no authority to fire her
Federal Reserve Governor Lisa Cook rejected US President Donald Trump's unprecedented bid to oust her on Tuesday, saying he had no legal authority for such an intervention against a member of the independent US central bank.
EU claims 'sovereign right' to regulate tech after Trump threat
The European Commission Tuesday asserted the "sovereign right" to regulate the activities of tech giants within the bloc and rejected claims by President Donald Trump that its rules unfairly harm US firms. "It is the sovereign right of the EU and its member states to regulate economic activities on our territory," European Commission chief spokesperson Paula Pinho told reporters in response.
Germany, Canada to cooperate on key raw materials
Germany and Canada will sign an agreement Tuesday on boosting cooperation in the field of critical raw materials, Chancellor Friedrich Merz said, as they seek to reduce heavy dependence on China. At a press conference in Berlin alongside Canadian Prime Minister Mark Carney, Merz said that Canadian and German ministers would sign a memorandum of understanding on raw materials.
Indian readies for punishing US tariffs
Indian exports to the United States will face some of the highest tariffs in the world this week, barring a last-minute reversal from President Donald Trump. - The United States was India's top export destination in 2024, with shipments worth $87.3 billion.
Asian stocks down after Trump Fed firing, tariff threats
Asian stocks retreated Tuesday after a series of market-rattling announcements by US President Donald Trump, including the unusual firing of a central bank official and threats to impose export controls on microchips. Asian markets started Tuesday broadly lower, tracking drops made the previous day in New York and Europe.
Norway wealth fund divests from Caterpillar over Gaza 'rights violations'
Norway's sovereign wealth fund said Monday that it had divested from US construction equipment firm Caterpillar over purported involvement in rights violations in the Israel-Hamas war. The fund said it had also withdrawn from five Israeli firms for financing the construction of illegal settlements in the Israel-occupied West Bank.
Australia joins countries suspending post to US
Australia joined on Tuesday a string of countries suspending some postal deliveries to the United States, citing a "complex and rapidly evolving situation" with US President Donald Trump's looming tariffs.
Trump moves to fire a Fed governor over mortgage fraud claims
US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank. The referral, Trump said, provided "sufficient reason" to believe that Cook might have made "false statements" on one or more mortgage agreements.
Women's NBA could face lockout as union deal deadline looms
Revitalized by Caitlin Clark and other stars and boosted by a new media rights deal, the Women's NBA is struggling to reach a union deal 60 days before the deadline. That led to the WNBA getting $200 million a season starting next year as part of an 11-year media rights deal worth $2.2 billion the NBA signed with Disney, Amazon and NBCUniversal.
AFP
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