Tag: Donald Trump
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Joe Biden wins U.S. presidency after bitter contest with Trump
Joseph Robinette Biden Jr. has defeated Donald Trump to become the 46th U.S. president, unseating the incumbent with a pledge to unify and mend a nation reeling from a worsening pandemic, faltering economy and deep political divisions. Biden’s victory came after the Associated Press, CNN and NBC showed him winning Pennsylvania and Nevada and gaining…
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Jack Welch: Legendary General Electric boss dies at 84
Jack Welch, a titan of American business who transformed General Electric (GE) into America’s most valuable company, has died aged 84. He ran the US conglomerate from 1981 until 2001 and was once named “manager of the century” for his achievements. Nicknamed “Neutron Jack” for his cost-cutting, he became a best selling author and confidante…
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Trump signs US Mexico Canada Trade Agreement
US President Donald Trump has formally signed a new trade pact with Mexico and Canada, bringing his campaign promise to replace the three countries’ existing deal closer to fruition. The US Mexico Canada Agreement (USMCA) is set to replace the 1994 North American Free Trade Agreement (Nafta). Mr. Trump has described Nafta as America’s “worst”…
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US jobless rate at lowest since 1969
The US unemployment rate dropped to its lowest level for more than 49 years in April, according to official figures. The jobless rate fell from 3.8% to 3.6%, the US Labor Department said, the lowest since December 1969. However, the fall was due to a large number of people – 490,000 – leaving the labour force…
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Trump pick Stephen Moore drops out of Federal Reserve race
Another of Donald Trump’s picks for a seat on the Federal Reserve has dropped out of the running following fierce criticism of his views. The US president tweeted that Stephen Moore, “a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process”. It follows weeks of attacks on his…