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Tag: Donald Trump

Binance founder Zhao steps down
Crypto

Trump pardons Binance founder Changpeng Zhao

United States President, Donald Trump, has granted a pardon to Binance founder, Changpeng Zhao, who earlier pleaded guilty to facilitating money laundering during his tenure at the cryptocurrency exchange. This was disclosed in a statement by the White House on Thursday. The pardon follows a Wall Street Journal report two months ago revealing that the […]

US considers equity stakes in chipmakers under CHIPS act
Business

US chamber sues Trump’s govt over $100,000 H-1B visa fee

The United States Chamber of Commerce has filed a lawsuit challenging the Trump administration’s new $100,000 fee on H-1B visa petitions, arguing that the charge violates federal law. In the suit, the Chamber contends that the administration’s rule conflicts with the Immigration and Nationality Act, which requires visa fees to reflect the actual administrative costs […]

Crypto Market sheds $130bn amid Trump tariff
Crypto

Cryptocurrencies rebound after weekend selloff on trade optimism

Major cryptocurrencies rebounded sharply on Monday following a weekend selloff, supported by remarks from President Donald Trump hinting at a more cooperative stance on US-China trade. “The rebound is driven by a conciliatory message from Trump,” said Richard Galvin, co-founder of hedge fund DACM. Most altcoins—smaller digital tokens—remain significantly below their October 9 levels, Galvin […]

Nigeria excluded as Trump hosts African leaders in Washington
Business

Trump threatens fresh tariffs on China amid trade tension

President Donald Trump has announced plans to impose an additional 100 per cent tariff on Chinese goods, on top of the existing 30 per cent duties, effective November 1 or earlier. The move marks a major escalation following months of relative calm in United States–China trade relations. “The United States of America will impose a […]

Crypto Market sheds $130bn amid Trump tariff
Crypto featured

Crypto market loses $500b after Trump’s tariff warning

President Donald Trump’s threat of tariffs on China triggered a massive sell-off in the cryptocurrency market, wiping out over $500 billion as total market capitalisation fell from $4.25 trillion to below $3.75 trillion. Bitcoin led the decline, briefly dropping to $109,683—a near 10 per cent loss in 24 hours. Ethereum slid from an intraday high […]

Nigeria excluded as Trump hosts African leaders in Washington
Economy featured

Trump blames democrats as US govt shutdown begins

The United States government has shut down after lawmakers and President Donald Trump failed to break a budget impasse during acrimonious talks that hinged on Democratic demands for health care funding. The shutdown, which began at 12:01 am Wednesday, will stop work at multiple federal departments and agencies, impacting hundreds of thousands of government workers […]

Trump signs executive order establishing US Bitcoin reserve
Business featured

Trump’s new H-1B visa fees spark chaos for banks, tech firms

United States tech firms and banks scrambled this weekend after President Donald Trump imposed new fees on H-1B visa applications, prompting panic among skilled workers from India and China. Employers issued urgent memos instructing staff abroad to return before the rule took effect at 12:01 a.m. Eastern Time on Sunday and to avoid further international […]

US considers equity stakes in chipmakers under CHIPS act
Travel

Trump targets skilled worker visas with $100,000 levy

President Donald Trump on Friday signed a proclamation introducing a $100,000 annual fee on H-1B visa applications, a move that could significantly impact the United States tech sector, which depends heavily on skilled workers from India and China. U.S. Commerce Secretary Howard Lutnick said at a press briefing that “all the major companies” had already […]

TikTok launches campus verification to help students connect
Business

US, China make progress on TikTok deal, trade

United States President Donald Trump and Chinese President Xi Jinping held a phone call, discussing the future of TikTok in the US and trade tensions between the two nations. Trump described the call as “very productive,” saying they made progress on several key issues, including trade, fentanyl, and the Russia-Ukraine war. “We made progress on […]

TikTok launches campus verification to help students connect
Tech

Trump extends TikTok sale deadline to December 16

President Donald Trump on Tuesday extended the deadline for ByteDance to sell TikTok’s United States business until December 16, averting an immediate ban on the popular video app. The move comes after Treasury Secretary Scott Bessent confirmed a “framework deal” under which about 80 per cent of TikTok’s U.S. unit would be owned by investors […]

Nigeria excluded as Trump hosts African leaders in Washington
News

Trump files $15b defamation suit against New York Times

United States President Donald Trump has filed a $15 billion defamation lawsuit against the New York Times, accusing the newspaper of serving as a “mouthpiece” for the Democratic Party and publishing “false and defamatory content.” The Florida court filing, submitted Monday night, cites multiple articles and a book by two Times journalists published ahead of […]

TikTok deal talks with China to begin next week - Trump
News

Trump set for royal honours in second UK visit

United States President Donald Trump is set to receive lavish royal honors this week during his unprecedented second state visit to the United Kingdom. The visit will feature a carriage ride and flypast with King Charles III, along with a glittering state banquet at Windsor Castle. British officials hope the pomp will appeal to Trump’s […]

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