Trump threatens Fed chair Powell with ‘major lawsuit’ over HQ renovation cost

U.S. President Donald Trump speaks next to Federal Reserve Chair Jerome Powell during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025.

Kent Nishimura | Reuters

President Donald Trump on Tuesday threatened to allow a “major lawsuit” against Federal Reserve Chairman Jerome Powell to go forward, dramatically escalating his efforts to pressure the central bank leader to immediately lower interest rates.

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Politics

Korea Zinc sinks 13% as largest shareholder group challenges U.S.-backed plans for Tennessee smelter

December 16, 2025

Piotr Swat | Lightrocket | Getty Images Korea Zinc shares plunged over 13% on Tuesday, as its largest shareholder is reportedly opposing plans to create a U.S.-backed joint venture that will see a dilution of its equity stake in the South Korean company. Shares of the world’s largest zinc smelting company had climbed over 26% […]

Trump sues BBC for billion, claims defamation from Panorama documentary

Politics

Trump sues BBC for $5 billion, claims defamation from Panorama documentary

December 16, 2025

A security guard stands guard outside BBC Broadcasting House after Director General of BBC Tim Davie and Chief Executive of BBC News Deborah Turness resigned following accusations of bias at the British broadcaster, including in the way it edited a speech by U.S. President Donald Trump, in London, Britain, November 11, 2025. Hannah Mckay | […]

Politics

Pentagon takes big stake in new Korea Zinc smelter in Tennessee, will get 10% of company

December 15, 2025

The Defense Department is getting a 40% stake in a $7.4 billion mineral smelter to be built in Tennessee in partnership with Korea Zinc, Reuters reported Monday. The critical minerals smelting and processing facility could produce 540,000 tons of materials in the U.S. per year, according to the U.S. Commerce Department. The deal comes as […]