News from the economy, politics and the financial markets
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Trump asks Supreme Court to let him fire FTC Commissioner Rebecca Slaughter
President Donald Trump in March removed two Democratic commissioners from their posts at the Federal Trade Commission.
UK feels the heat as investors and critics question its future
A spike in long-term borrowing costs, concerns over the forthcoming Autumn Budget and political instability — it's just another normal week for the U.K.
Judge voids $2.2 billion Harvard funding freeze by Trump administration
The Trump administration in April froze grants to Harvard University over concerns about antisemitism on the Ivy League campus and other concerns.
Abbe Lowell: The veteran defense lawyer squaring off against Trump in Federal Reserve fight
Abbe Lowell, who has defended Hunter Biden, New York Attorney General Letitia James, Jared Kushner and others is again taking on President Donald Trump.
Bessent expects Supreme Court to uphold legality of Trump's tariffs but eyes Plan B
A divided U.S. appeals court ruled that most of President Donald Trump's tariffs are illegal, undercutting his use of the levies as a key economic policy tool.
UK's Starmer reshapes team, names ex-BoE official as top economic adviser
The moves indicate that Starmer believes he needs better economic advice before a budget later this year that is expected to include further tax rises.
Rudy Giuliani hospitalized with serious injuries after car accident, spokesman says
The former New York City mayor was taken to a trauma center with a fractured thoracic vertebrae, as well as lacerations and contusions, from a car accident.
Post-war Gaza plan sees relocation of population, 'digital token' for Palestinian land, the Washington Post reports
A post-war plan for Gaza is circulating within the Trump administration that would see the U.S. administer the war-torn enclave for at least a decade.
Trump is cutting 500-plus jobs at Voice of America and its parent agency despite legal challenges
The agency that oversees Voice of America is eliminating jobs for more than 500 employees, a Trump administration official said.
Thai court sacks PM Paetongtarn Shinawatra for ethics violation
Thailand's Constitutional Court dismissed Prime Minister Paetongtarn Shinawatra from office on Friday for an ethics violation after only a year in power.
Judge in Lisa Cook case sets Friday hearing on Trump effort to fire Fed governor
The Supreme Court is likely to resolve the question of whether President Trump had legal cause to remove the Federal Reserve Board member.
Rheinmetall chief says Europe must catch up with Russia's ammunition output as it opens mega plant
The company's new plant in Northern Germany is set to become Europe's biggest ammunition production facility.
Lisa Cook will sue over Trump firing from Fed board, her lawyer says
President Trump pointed to allegations of mortgage fraud by Lisa Cook in saying she was fired as a governor of the Federal Reserve Board.
Fed mum on whether Lisa Cook is at the office after Trump removed her from board
Abbe Lowell, a lawyer for Lisa Cook, says President Trump's action to remove her as a Federal Reserve Board governor is "illegal."
'Our country is in danger': French PM takes confidence vote gamble over budget woes
France's CAC 40 index plunged 2% on Tuesday as analysts assessed the potential for a fresh period of political instability.
Pentagon's innovation unit chief resigns in latest shake-up, sources say: Reuters
The head of a Pentagon unit responsible for accelerating the military's adoption of new technology resigned on Monday, according to four people familiar with the matter, the latest exit of a senior military official whose political views have clashed with those of U.S. President Donald Trump.
Judge says Alina Habba, Trump's top federal prosecutor in New Jersey, not lawfully appointed
Alina Habba, who has served as the acting U.S. Attorney for New Jersey, is a former lawyer for President Donald Trump.
Trump vows to target 'woke' museums with same playbook used on Columbia, Harvard
Trump's call for a repeat of his approach to colleges and universities suggests Smithsonian museums' funding could become a major pressure point.
Trump promised Ukraine 'security guarantees': Here's what they could look like
Monday's talks saw Trump say security guarantees for Ukraine would be "provided" by European countries with "coordination with the U.S."
Traders hope the Ukraine war ends soon. Experts say there's no 'quick fix'
Global markets were on tenterhooks Monday as momentum to end the war in Ukraine ramped up. Experts warn there is no "quick fix," and talks could last years.
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