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Tag: Donald Trump

Musk-Trump feud wipes out $150bn from Tesla’s market value
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Musk-Trump feud wipes out $150bn from Tesla’s market value

A public fallout between Tesla CEO, Elon Musk, and U.S. President, Donald Trump, has triggered a sharp sell-off in Tesla shares, wiping out approximately $150 billion in market value. The electric vehicle maker’s stock plunged by 14 per cent on Thursday, following a series of escalating personal and political clashes between the two once-close allies. […]

Trump signs executive order establishing US Bitcoin reserve
Travel

Trump imposes travel ban on 12 nations, restricts seven others

President Donald Trump announced on Wednesday a new travel ban affecting citizens from 12 countries, with additional restrictions on travelers from seven others. The ban will take effect Monday at 12:01 a.m., giving advance notice to avoid the airport disruptions seen in 2017. This time, the policy has stronger legal backing following a Supreme Court […]

News

Trump bans international students entry to Harvard

President Donald Trump has announced an order preventing foreign students from entering the United States to study at Harvard University, marking a significant escalation in his conflict with America’s oldest university. In his statement on Wednesday, the president also granted Secretary of State Marco Rubio the authority to begin revoking visas of foreign students enrolled […]

Trump Media to raise $2.5bn for bitcoin investment
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Trump Media to raise $2.5bn for bitcoin investment

Trump Media & Technology Group announced Tuesday it will raise approximately $2.5 billion to invest in bitcoin, marking a major move into cryptocurrency as the company seeks to diversify its revenue streams. The funding will come through the sale of $1.5 billion in stock at its most recent closing price and $1 billion in convertible […]

Trump signs act to crackdown on revenge porn, explicit deepfakes
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Trump signs act to crackdown on revenge porn, explicit deepfakes

President Donald Trump signed the Take It Down Act into law on Monday, marking the first federal legislation aimed at curbing the spread of nonconsensual explicit imagery online, including deepfakes and revenge porn. The bipartisan measure imposes stricter penalties on individuals who distribute sexually explicit content without the subject’s consent, whether real or AI-generated. Offenders […]

Trump Media to raise $2.5bn for bitcoin investment
Tech

Trump touts coal as key to powering US AI data centers

President Donald Trump is spearheading an ambitious plan to revitalize the United States coal industry by leveraging its potential to power the rapidly expanding network of data centers critical for artificial intelligence development. In a strategic move to bolster both the energy and tech sectors, Trump issued an executive order in April directing his Cabinet […]

Trump freezes $2bn in Harvard funding over antisemitism measures
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Trump freezes $2bn in Harvard funding over antisemitism measures

President Donald Trump has ordered a freeze on more than $2 billion in federal funding allocated to Harvard University after the institution refused to comply with a set of demands from the White House aimed at combating antisemitism on campus. The White House outlined the measures as part of a broader effort to address rising […]

News

Trump suspends all reciprocal tariffs except those on China

President Donald Trump has announced a full suspension of all “reciprocal” tariffs that took effect at midnight, excluding those on China. He stated that tariffs on Chinese imports will be raised from 104% to 125%. In a Truth Social post on Wednesday, former President Donald Trump said he has “authorized a 90-day PAUSE, and a […]

AfDB President Adesina criticizes border opening for food imports
News

Adesina hails Kaduna’s N74bn agriculture budget

The President of the African Development Bank, Dr. Akinwumi Adesina, has commended Kaduna State Governor, Senator Uba Sani for the impressive increase in the state’s agricultural budget from N1.4 billion to N74 billion. During a courtesy visit to the Governor at the Government House in Kaduna on Tuesday, Adesina commended Governor Sani for his dedication […]

Trump signs executive order establishing US Bitcoin reserve
News

US 104% tariff on China goes live

The 104% tariff on Chinese imports is now in effect, significantly escalating trade tensions between the United States and China. This sharp increase is likely to raise costs for American consumers and businesses dependent on Chinese goods, while potentially disrupting global supply chains. Despite widespread criticism from economists and CEOs, officials in the Trump administration […]

Trump signs executive order establishing US Bitcoin reserve
News

European stocks dive to 16-month low amid global recession fears

European shares hit a 16-month low as investors reacted to fears of a recession following the United States tariff announcements. Despite China’s retaliation, U.S. President, Donald Trump, remained firm on his tariff plans, leading investors to expect interest rate cuts from both the European Central Bank and the Federal Reserve. The pan-European STOXX 600 dropped […]

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