Legal watchdog to sue Trump over foreign payments

Washington, Jan 23 : A US legal watchdog says it will file a lawsuit on Monday against President Donald Trump, alleging he is violating a constitutional ban on accepting payments from foreign governments. The group of lawyers and researchers said Trump was receiving payments from foreign governments via guests at his hotels and leases on […]

Foxconn may build $7 bn plant in US

New York, Jan 23 : Taiwan technology giant Foxconn has announced that it was considering setting up a plant in the US with an investment of $7 billion. The world’s largest contract electronics maker company’s chairman and chief executive, Terry Gou, on Sunday said the investment would likely generate thousands of jobs, if it goes […]

Exiled former President ‘stole $11.4m’ from The Gambia

Banjul, Jan 23 : Over $11.4 million were “stolen” from The Gambia’s state coffers by long-time leader Yahya Jammeh who went into exile on Saturday, an adviser to President Adama Barrow has said. In his final weeks in power, the former President, who ruled for 22 years, plundered the state coffers and shipped out luxury […]

Key Indian equity indices open in red

Mumbai, Jan 23 : The key Indian equity indices on Monday opened in the red. The 30-scrip Sensitive Index (Sensex) was trading 35.06 points or 0.13 per cent lower soon after opening. The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 16.05 points or 0.19 per cent lower at 8,333.30 points. […]

Japan Inc believes Abe, Trump don’t want to see excessive yen weakness – Reuters poll

By Tetsushi Kajimoto TOKYO, Jan 23 : Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash. The Reuters Corporate Survey, conducted Jan. 4-17, also found that Japanese firms […]

I will renegotiate NAFTA with leaders of Mexico, Canada: Trump

Washington, Jan 23 : US President Donald Trump announced on Sunday that he will renegotiate the North American Free Trade Agreement with the leaders of Mexico and Canada. Renegotiating the pact, signed two decades ago, was one of Trump’s primary campaign promises, EFE news reported. At a White House event to swear in several top […]