By Jody Godoy and Katie Paul WASHINGTON (Reuters) -Meta CEO Mark Zuckerberg considered spinning off popular photo-sharing app Instagram in 2018 in anticipation of possible antitrust scrutiny, according to a document shown at a trial in Washington, D.C., on Tuesday. The document was shown during Zuckerberg’s second day of testimony at the high-stakes trial, in…
By Humeyra Pamuk WASHINGTON (Reuters) – The administration of President Donald Trump has appointed a key member of billionaire Elon Musk’s Department of Government Efficiency as the acting head of foreign assistance at the State Department, according to a senior U.S. official and an internal email seen by Reuters. A senior State Department official confirmed…
UNITED NATIONS (Reuters) – The U.N. Trade and Development agency urged U.S. President Donald Trump’s administration on Monday to exclude the poorest and smallest economies from reciprocal tariffs because it “would have minimal impact on United States trade policy objectives.” Trump imposed steep import tariffs from 11% to 50% on 57 trading partners – including…
By Tim Reid and Leah Douglas WASHINGTON (Reuters) – Nick Gioia was terminated from the U.S. Department of Agriculture in February as part of President Donald Trump and tech mogul Elon Musk’s effort to slash the size and cost of the federal government. Gioia was then reinstated and placed on paid leave after a court…
By Suzanne McGee (Reuters) – The BlackRock Investment Institute said on Monday that it is taking a modestly more bullish stance on U.S. stocks following the announcement of a 90-day pause in implementing most U.S. tariffs. The near-term risk of a “financial accident” has eased following the Trump administration’s decision to pause of hefty tariffs…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – An unidentified options trader’s multi-million dollar bet on a short-term rebound in Apple Inc.’s shares was set to reap a sizable profit as the iPhone-maker’s shares soared on Monday following the Trump administration’s weekend move to grant tariff exclusions for smartphones. On Monday, Apple shares rose as…
By Nate Raymond BOSTON (Reuters) – Harvard University professors are suing to block the Trump administration’s review of nearly $9 billion in federal contracts and grants awarded to the Ivy League school as part of a crackdown on what it says is antisemitism on college campuses. The Harvard faculty chapter of the American Association of…
LONDON (Reuters) – Britain said on Sunday it will expand financing support for exporters by 20 billion pounds ($26 billion), including those affected by U.S. tariffs, in an effort to give them stability and certainty in what it described as a new era of global trade. The tariffs, introduced by U.S. President Donald Trump, have…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – President Donald Trump’s administration wants to strike 90 trade deals in 90 days, but the challenges to quickly resolving the president’s trade war are already apparent. European Union trade chief Maros Sefcovic will on Monday be among the first foreign trade officials to come to Washington…
WASHINGTON (Reuters) – U.S. officials gained the release on Sunday of an American detained in Tunisia, Robert Vieira, U.S. special envoy Adam Boehler said. Vieira was detained 13 months ago while doing missionary work in Tunisia and was suspected by Tunisian authorities of espionage, Boehler told Reuters. He said Vieira was flying home to the…
