Day: August 26, 2025
Korean Air makes airline’s biggest-ever Boeing jet order amid Trump-Lee summit
Employees stand in front of a Boeing Co. 787-9 Dreamliner passenger aircraft operated by Korean Air Lines Co. SeongJoon | Bloomberg | Getty Images Korean Air announced a $50 billion order on Monday for 103 Boeing airplanes and GE Aerospace engines and servicing, coinciding with the visit of South Korean President Lee Jae Myung to Washington. The order, the largest in […]
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Trump vows ‘substantial’ new tariffs, chip restrictions on countries with digital taxes
U.S. President Donald Trump meets with European Commission President Ursula von der Leyen, in Turnberry, Scotland, Britain, July 27, 2025. Evelyn Hockstein | Reuters President Donald Trump vowed Monday to impose “substantial” new tariffs and restrict U.S. chip exports for all countries that do not remove digital taxes and related regulations. Trump wrote on Truth Social […]
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Trump says he’s removing Fed Governor Lisa Cook, cites mortgage fraud allegations
Lisa Cook, member of the Board of Governors of the US Federal Reserve, attends a Federal Reserve Board open meeting discussing proposed revisions to the board’s supplementary leverage ratio standards at the Federal Reserve Board building in Washington, DC, on June 25, 2025. Saul Loeb | AFP | Getty Images President Donald Trump on Monday […]
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Pentagon’s innovation unit chief resigns in latest shake-up, sources say: Reuters
A general view of the Pentagon in Washington, D.C., U.S., March 21, 2025. Kent Nishimura | Reuters The head of a Pentagon unit responsible for accelerating the military’s adoption of new technology resigned on Monday, according to four people familiar with the matter, the latest exit of a senior military official whose political views have clashed with those of U.S. […]
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Asia-Pacific markets set to open lower after Wall Street declines
People Maydays | Moment | Getty Images Asia-Pacific markets were poised to open lower Tuesday, tracking losses on Wall Street, with investors awaiting a key U.S. inflation report for clarity on the Federal Reserve’s rate-cut path. Investors will also assess the meeting between South Korean and U.S. presidents over fleshing out the trade deal framework […]
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