Business


Trump under investigation for possible obstruction

Mueller is investigating alleged Russian interference in the 2016 USA presidential election and possible collusion with the Trump campaign. Investigators have also been looking for any evidence of possible financial crimes among Trump associates, officials said.


Jurors deadlock in Bill Cosby trial, return to deliberations

Jurors deadlock in Bill Cosby trial, return to deliberations

What might lead to long deliberations? They were bused in from Allegheny County near Pittsburgh and have been sequestered for the trial. They now have no direction or instruction from the court about how to interpret it. "That takes time. They are looking at the facts and evidence regarding 'consent.' and they were reviewing the deposition section regarding the manner in which the defendant Cosby used drugs to deal with women".


US Federal Reserve Raises Interest Rates, Unveils Balance Sheet Cuts for 2017

US Federal Reserve Raises Interest Rates, Unveils Balance Sheet Cuts for 2017

The rate, which can fluctuate a bit daily, usually settles somewhere in the middle. It marked the fourth interest-rate hike since the financial crisis. Policymakers said they would be prepared to stop the reductions if there was "a material deterioration in the economic outlook" that led to "a sizable reduction" in the federal funds rate.


US student freed from North Korea has severe brain injury

US student freed from North Korea has severe brain injury

The father of Otto Warmbier , the USA student released from North Korean detention in a coma , says there is "no excuse" for the way his son was treated. He called on the country to release three other Americans held there. "Otto, I love you and I'm so insane about you, I'm so glad you're home, you are such a great guy", he continued .


Growth worries push stocks lower, Fed hike lifts dollar

Growth worries push stocks lower, Fed hike lifts dollar

Competitor Supervalu fell 16 cents, or 3.9 percent, to $3.90. "Those that are unable to deal with that are going to see a much weaker bottom line". The FTSE 100 of Britain dropped 1.1 percent to 7,393. The Federal Reserve raised interest rates as expected on Wednesday and gave a first clear outline on its plan to reduce its $4.2-trillion portfolio of bonds.



Getting Uber out of reverse hard for whoever's CEO

Uber has appointed a new member to its board of directors following recommendations from law firm Covington & Burling. Ride-hailing service Uber has moved to shake up the company's leadership, a moved followed by accusations that company executives turned a blind eye to sexual harassment and other corporate misbehaviour, the media reported .