Iran calls Trump’s medical clearance list “inhumane”

Iran’s semi-official ILNA news agency is reporting that the country has called “inhumane” a decision by the Trump administration to expand a list of medical equipment requiring federal authorization for sale to Iran. The Friday report cites the director of Iran’s Food and Drug Administration, Rasoul Dinarvand, as saying that extending the list is “inhumane”. […]

Apple’s cash hoard swells to record $246.09 billion

Apple’s enormous cash hoard grew to $246.09 billion in the fiscal fourth quarter, up $8.49 billion from the previous quarter. That figure is larger than Sri Lanka’s estimated 2016 gross domestic product, but smaller than Denmark’s, according to the CIA World Factbook. If Apple’s cash pile was its own public company, it would be the […]

Deutsche Bank fined $630m over Russian money laundering

Deutsche Bank has been fined more than $630m (£506m) for failing to prevent $10bn of Russian money laundering and exposing the UK financial system to the risk of financial crime. The UK’s Financial Conduct Authority imposed its largest ever fine – £163m – for potential money laundering offences on Germany’s biggest bank, which it said […]

Gold prices to fall 8% to $1100 in 2017 – World Bank

The gold market continues to hold onto support above $1,200 a troy ounce; however, one international financial institution thinks it is only a matter of time before prices fall another $100. In a report published Tuesday, the World Bank said that it sees the entire precious-metals complex falling 7% this year, with gold leading the way with […]

Trump kills TPP, Obama’s signature Trans-Pacific Partnership trade deal

President Trump upended America’s traditional, bipartisan trade policy on Monday as he formally abandoned the ambitious, 12-nation Trans-Pacific Partnership brokered by his predecessor and declared an end to the era of multinational trade agreements that defined global economics for decades. With the stroke of a pen on his first full weekday in office, Mr. Trump […]

Trumponomics 101

By Gary Wagner According to Investopedia, “Trumponomics describes the economic policies of U.S President Donald Trump, who won the November 8, 2016 presidential election on the back of bold economic plans such as cutting personal and corporate taxes, restructuring US trade deals and introducing large fiscal stimulus measures focused on infrastructure and defense.” This term […]

Lawsuit challenges Trump’s foreign-government profits

A liberal watchdog group filed a lawsuit Monday arguing that President Donald Trump is violating the Constitution’s ban on officials accepting benefits from foreign governments. The suit, backed by several prominent Consitutional scholars, claims that Trump’s business dealings with foreign countries who rent space in his buildings or lend money to his real estate ventures […]

Taiwan’s Foxconn may invest $7 in US and employ over 30,000 people

Foxconn, the world’s largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans come after U.S. President Donald Trump pledged to put “America First” in his inauguration speech on Friday, […]