By Jeff Mason, Trevor Hunnicutt and Andrea Shalal WASHINGTON (Reuters) – Incumbent President Joe Biden entered the 2024 election race on Tuesday with something he didn’t have two-and-a-half years ago: a record in the White House. He plans to run on it, highlighting his successes as an argument for another term, while opposition Republicans likely…
By Chen Lin SINGAPORE (Reuters) -Singapore raised taxes on private property purchases in a surprise move late on Wednesday night that includes a doubling of stamp duties for foreigners to an eye-watering 60%. Authorities in Singapore, where real estate is a safe haven investment for wealthy foreigners, keep close tabs on property prices to ensure…
By Anna Tong, Alexandra Ulmer and Jeffrey Dastin SAN FRANCISCO (Reuters) – Tech billionaire and Republican megadonor Peter Thiel, an early backer of former President Donald Trump who later broke with him, has told associates he is not planning to donate to any political candidates in 2024, according to two people close to the businessman….
By David Shepardson WASHINGTON (Reuters) -The chair of the Senate Intelligence Committee on Wednesday urged CEOs of several artificial intelligence (AI) companies to prioritize security measures, combat bias, and responsibly roll out new technologies. Democratic Senator Mark Warner raised concerns about potential risks posed by AI technology. “Beyond industry commitments, however, it is also clear…
By Leah Douglas WASHINGTON (Reuters) – The Biden administration said on Wednesday the plan from U.S. Republican lawmakers to cut federal spending for a decade in exchange for raising the debt ceiling would cost rural communities thousands of jobs and billions of dollars. The House of Representatives could vote as soon as Wednesday on the…
WASHINGTON (Reuters) – The Taliban have killed an Islamic State militant who was the “mastermind” behind a suicide attack at Kabul’s international airport in 2021 that killed 13 U.S. troops and scores of civilians during the United States’ chaotic evacuation from the country, U.S. officials said on Tuesday. The bombing occurred on Aug. 26, 2021,…
By Davide Barbuscia CHICAGO (Reuters) – Former U.S. Treasury Secretary Lawrence Summers said the odds that the U.S. government could face a technical debt default due to legislation around its borrowing limit were at around 2%-3%, but that any default would be fixed quickly. A standoff between Republicans and Democrats over raising the U.S. borrowing…
WASHINGTON (Reuters) -A second American has died in Sudan, the White House said on Wednesday, and U.S. authorities are helping a small number of citizens seeking to leave the country during a ceasefire that has curbed fighting. While sporadic violence continues, the ceasefire announced by the United States on Monday appears to be holding, White…
NEW YORK (Reuters) – Brian Kolfage, a former associate of Steve Bannon, was sentenced on Wednesday to more than four years in prison, after he admitted to conspiring to defraud donors to a campaign to build former President Donald Trump’s wall along the U.S.-Mexican border. (Reporting by Luc Cohen in New York)
BUDAPEST (Reuters) – Hungary’s government has infringed the National Bank of Hungary’s (NBH) independence with a decree restricting access to the bank’s discount bill and by extending a cap on large commercial bank deposits until end-June, the European Central Bank said on Wednesday. Hungary’s government last month extended a cap on large commercial bank deposits…
