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Trump moves to fire a Fed governor over mortgage fraud claims
US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank. The referral, Trump said, provided "sufficient reason" to believe that Cook might have made "false statements" on one or more mortgage agreements.
Women's NBA could face lockout as union deal deadline looms
Revitalized by Caitlin Clark and other stars and boosted by a new media rights deal, the Women's NBA is struggling to reach a union deal 60 days before the deadline. That led to the WNBA getting $200 million a season starting next year as part of an 11-year media rights deal worth $2.2 billion the NBA signed with Disney, Amazon and NBCUniversal.
Diamond czar Maurice Tempelsman, Jackie O companion, dead at 95
Maurice Tempelsman, a renowned diamond merchant and long-time companion of former US first lady Jacqueline Kennedy Onassis, died in New York, his family said. In 1984 he acquired New York-based diamond jewelers Lazare Kaplan, propelling him onto New York's business and social scene, and quickly becoming one of the world's premier diamond merchants.
Bolivia candidate vows to scrap China, Russia lithium deals
Bolivian right-wing presidential hopeful Jorge Quiroga on Monday vowed to scrap billion-dollar lithium extraction deals struck by the outgoing government with Russia and China if elected leader. In 2023 and 2024 Arce's government signed deals with Russia's Uranium One and China's CBC, a subsidiary of battery manufacturer CATL, to extract lithium from the salt pan.
Musk's xAI sues Apple, OpenAI alleging antitrust violations
Elon Musk's companies xAI and X filed a sweeping US antitrust lawsuit Monday against Apple and OpenAI, alleging the tech giants formed an illegal partnership to stifle competition in artificial intelligence and smartphone markets.
Trump advisor says US may take stakes in other firms after Intel
The US government could take stakes in other companies after doing so with chipmaker Intel, President Donald Trump's top economic advisor Kevin Hassett said Monday.
China Evergrande Group delisted from Hong Kong stock exchange
Shares in heavily indebted China Evergrande Group were taken off the Hong Kong Stock Exchange on Monday, capping a grim reversal of fortune for the once-booming property developer. The statement added that China Evergrande Group was a holding company and that liquidators had assumed control of more than 100 companies within the group.
Asian markets rise on US rate cut hopes
Asian markets kicked off the week with a rally Monday morning, tracking gains made by Wall Street on Friday after the US central bank chief suggested coming interest rate cuts. During the first trading sessions in major Asian markets following the comments, stocks made notable gains.
India's Modi dangles tax cuts as US tariffs loom
Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say. But experts say Modi's tax reform could help shore up demand by reducing tax collections by between $13 billion and $17 billion.
AFP
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