Washington

Prez Trump cancels Davos trip due to US govt shutdown over border wall issue

President Trump has canceled his planned trip to the annual meeting of the World Economic Forum (WEF) at Davos, Switzerland, citing the "intransigence" of the Democrats on his funding request to build a controversial wall along the US-Mexico border.

Trump was scheduled to attend the five-day Davos Summit which will begin from January 21.

"I am respectfully cancelling my very important trip to Davos, Switzerland for the World Economic Forum," the president tweeted.

Pelosi elected Speaker as Democrats take control of House of Representatives

Veteran Democratic leader Nancy Pelosi, considered an ardent supporter of India-US ties, has been elected as Speaker of the House of Representatives for the second time, becoming the most powerful elected woman in the US.

Pelosi, 78, second in line for the presidency, took the gavel as Democrats regained control of the House of Representatives in the new Congress after the mid-term elections.

With 235 seats, Democrats now enjoy majority in the US House of Representatives. Republicans now have 199 seats in the 435-member House after the November elections.

Trump asks Fed not to raise rates on eve of policy meeting

US president Donald Trump on Monday called on the Federal Reserve not to raise interest rates, one day before a meeting at which policymakers are widely expected to do so. The Twitter outburst renewed the president's rock throwing at the central bank, which he accuses of undermining his economic agenda of tax cuts, slashed regulations and multi-front trade offensives.

Julian Assange charged in US: WikiLeaks

WikiLeaks founder Julian Assange, who was behind a massive dump of classified US documents in 2010, has been charged in the United States, WikiLeaks said Thursday.

Prosecutors revealed the existence of the sealed indictment inadvertently in a court filing in an unrelated case, WikiLeaks said.

The exact nature of the charges against Assange was not immediately known.

US will not allow Iran to develop world's deadliest weapons: Trump

US President Donald Trump has said all sanctions against Iran lifted by the 2015 nuclear deal will be back in "full force" from November 5 and promised more in the future to prevent Tehran from developing the world's deadliest weapons. 

In May, the Trump administration withdrew the US from the Iranian nuclear deal and reimposed a series of tough sanctions on Iran, citing the Islamic nation's 'malign activities'.

Trump says "certainly looks" Khashoggi is dead, Pompeo denies hearing audio tape

US President Donald Trump has said it "certainly looks" like Jamal Khashoggi is dead and threatened "very severe" consequences if Saudi Arabia is found to have murdered him, toughening his response to the disappearance of the dissident journalist that has sparked global outrage.

Trump's remarks came after he was briefed on the investigation by Secretary of State Mike Pompeo who returned from trips to Saudi Arabia and Turkey.

Trump warns world against importing oil from Iran

The US “will take care” of countries which defy its directive to stop importing oil from Iran by November 4, president Donald Trump has warned, days after India announced that two of its firms have placed orders to import crude from the Gulf nation.

Gita Gopinath new IMF chief economist

Prominent Indian-American economist Gita Gopinath (in pic) was appointed as chief economist of the International Monetary Fund (IMF), the financial body’s chief Christine Lagarde announced Monday. “Gita is one of the world’s outstanding economists, with impeccable academic credentials, a proven track record of intellectual leadership, and extensive international experience. All this makes her exceptionally well-placed to lead our research department at this important juncture. I am delighted to name such a talented figure as our chief economist,” Lagarde said.

Next China tariffs will cost Americans from cradle to grave, warn US firms

A broad cross-section of US businesses has a message for the Trump administration: new tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to coffins.

Six days of public hearings on the proposed duties of up to 25 per cent will start on Monday in Washington as part of President Donald Trump’s and the US Trade Representative’s efforts to pressure Beijing for sweeping changes to its trade and economic policies.

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