Donald Trump on Wednesday declined to answer questions under oath in New York over alleged fraud at his family business, as legal pressures pile up for the former president whose house was raided by the FBI just two days ago.. "If there was any question in my mind, the raid of my home, Mar-a-Lago, on Monday by the FBI, just two days prior to this deposition, wiped out any uncertainty."
US inflation eased slightly in July, official data showed Wednesday, taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections.. In a bid to tamp down inflation, the Fed has already hiked the interest rate four times to a range of 2.25 to 2.5 percent, including 75-basis-point increases at each of the past two meetings.
Donald Trump looks set to be deposed Wednesday in New York as part of the state attorney general's civil probe into alleged fraud at his family business, the ex-president said on his social media network.. "In New York City tonight," Trump posted on his Truth Social just after midnight.
Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.. The move comes after Musk sold around $8.5 billion worth of shares in the electric carmaker in April as he was preparing to finance the Twitter deal.
Germany will offer tax relief worth 10 billion euros ($10.2 billion) to help workers cope with soaring inflation, Finance Minister Christian Lindner said Wednesday.. - Double whammy - The tax relief measures come on top of a 30 billion euro package unleashed by Chancellor Olaf Scholz earlier this year to help consumers beat inflation.
Deliveroo, the international delivery food app, announced Wednesday a big increase in losses as investment costs ate into rising revenues, adding it planned to exit its struggling Netherlands market.. A planned exit from the Netherlands towards the end of November follows Deliveroo's departure from Spain last year, although the group on Wednesday said it had gained market share in the UK and Italy.
Hong Kong carrier Cathay Pacific on Wednesday reported losses had narrowed in the first half after an "extremely difficult start" to the year, but said its capacity will improve in coming months as travel sentiment improves.. Hong Kong has taken tentative steps toward reopening its borders after being internationally isolated for two and a half years owing to strict Covid rules for travellers.
At an industrial yard in southwestern Norway, decommissioned oil platforms are slowly being dismantled for a second life in the circular economy.. Many of the oil platforms there are coming to the end of their life spans.
Is inflation finally slowing down in the United States?. Consumer prices have continued to climb in the United States, squeezing family budgets and, and by extension, Biden's popularity.
Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.. The move comes after Musk sold around $8.5 billion worth of shares in the electric carmaker in April as he was preparing to finance the Twitter deal.
