Business


Trump announces 'one of the biggest tax cuts in US history'

That could prove to be a windfall for the Trump Organization, the private umbrella company for hundreds of Trump real estate, licensing and other companies, many of which qualify as pass-through businesses. On the corporate side, the top marginal tax rate would fall from 35 per cent to 15 per cent. The Trump administration has proposed dropping the tax rate for these businesses from up to 39.6 percent to just 15 percent.


Fewer people signed contracts to buy US homes in March

Fewer people signed contracts to buy US homes in March

There was still a 0.8% annual increase in sales following the 5.5% gain seen for January and the March reading was the third-best for the past 12 months. Fewer consumers signed contracts to buy USA homes last month as the spring buying season revs up with stiff competition for homes amid lagging inventory.


Trump backs off threats, promises USA will stay in Nafta

Trump backs off threats, promises USA will stay in Nafta

Trump spoke to Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto over a phone call and arrived at the decision. The climbdown sent the Mexican peso and Canadian dollar higher against the USA dollar on Thursday.


US sets up missile defence in SKorea

US sets up missile defence in SKorea

Defense Secretary Jim Mattis said the strike group was heading to the Western Pacific after calling off previously planned exercises with Australia. Though it has warned "all options are on the table", Trump's administration said on Wednesday it aimed to push North Korea into dismantling its weapons programs through tougher sanctions and diplomatic pressure, and it remained open to talks.



Striking Factory Workers Give Cold Reception to Macron After Le Pen's Visit

Ms Le Pen, 48, is fighting her second presidential campaign after coming in third in 2012 while Mr Macron, a 39-year-old former investment banker and economy minister, is fighting his first, having never held elected office. The FN was founded by her father, Jean Marie, in 1972, and Le Pen has attempted to de-toxify the party's racist, anti-Semitic image in recent years.