Economy

Grilled for more details on the meeting, which former FBI Director James Comey testified on the possibility of in a closed-door hearing with members of Congress, Sessions would only say he did not "recall it". Attorney General Jeff Sessions rejected James Comey's claim that he "did not reply" when the former Federal Bureau of Investigation director expressed concerns about having direct, private communications with President Trump.
  • Gold holds steady; market awaits cues from Fed meeting

    Economy

    Southeast Asia in particular is often vulnerable because of dollar-denominated debt serviced in local currencies , an arrangement dubbed "Original Sin" by economists Barry Eichengreen and Ricardo Hausmann after the region's 1997-98 meltdown.
  • North Korea Returns Captive American College Student in a Coma

    Economy

    The president of an American university where a student attended before being imprisoned by North Korea says the school is "deeply concerned and saddened" to learn that he is in a coma . Warmbier was detained in January 2016 and sentenced to 15 years of hard labour in March 2016 for trying to steal an item with a propaganda slogan, according to North Korean media.
  • President says Sessions did 'very good job,' comments on Mueller rumors

    Economy

    The agency made the disclosure in response to a freedom of information request by The Wall Street Journal. President Donald Trump is planning to hold a campaign-style rally later this month in Iowa. "Russian Federation is trying to meddle into our elections", House Speaker Paul Ryan said today in an appearance on "The Hugh Hewitt Show". It should be noted Deputy Attorney General Rod Rosentein testified in front of the Senate Appropriations Committee Tuesday morning and said he is the ...
  • Trump promises 'cheaper, faster and safer travel' with private air traffic control

    Trump promises 'cheaper, faster and safer travel' with private air traffic control

    Economy

    The air traffic controllers' union is generally supportive of the proposal, as it sees the current FAA air traffic control system as somewhat inefficient. President Trump's plan would spin off air traffic control into a non-profit organization run by a board . Commercial airlines are supporting the privatization plan, and opponents are concerned the new system would be dominated by airline interests.
  • Jeff Sessions knows 'nothing' about Russian hacking

    Economy

    Sessions told the Senate Intelligence Committee he had a different reason for not answering certain questions: It's how such matters have been handled in the Justice Department for years. "I am the attorney general", Sessions testified . Ron Wyden , D-Ore., pressed Sessions on why the attorney general actually recused himself from the Russian Federation investigation.
  • Investigation recommends Uber scale back responsibilities of CEO Travis Kalanick

    Investigation recommends Uber scale back responsibilities of CEO Travis Kalanick

    Economy

    It also recommended that Uber continue its search for a chief operating officer who could act as a "full partner" to the CEO but focus on the day-to-day operations and company culture. In a statement , Uber said that the recommendations had been unanimously adopted by its board. "The recommendations are both thoughtful and extensive, and we are very encouraged that they have taken this as seriously as we had hoped", the Kapors wrote in an open letter.
  • Uber chief Travis Kalanick to face charges

    Uber chief Travis Kalanick to face charges

    Economy

    Uber's CEO Travis Kalanick is rumoured to be taking a leave of absence for several months, amid accusations of discrimination and cut-throat practices at the taxi app firm, accoridng to a new report . That said, Michael was the the company's most high profile executive to leave the company. Kalanick lost his temper earlier this year in an argument with an Uber driver who was complaining about pay, and Kalanick's profanity-laced comments were caught on video.
  • Trump responds to Comey's testimony, says, 'No collusion, no obstruction'

    Trump responds to Comey's testimony, says, 'No collusion, no obstruction'

    Economy

    He further denied ever asking Comey for his "loyalty", contradicting Comey's detailed sworn testimony about a private dinner the two men had in the White House. Trump has been coy about whether any recordings exist of his private conversations with Comey, who was sacked by the president in May. The committee is seeking the materials by June 23.