Donald Trump | DD News

November 14, 2024 9:30 AM

Trump taps loyalists Matt Gaetz, Tulsi Gabbard, Pete Hegseth for top jobs despite limited qualifications

U.S. President-elect Donald Trump chose loyalists with little experience for several key cabinet positions on Wednesday, stunning some allies and making clear that he is serious about reshaping - and in some cases testing - America's institutions. Trump's choice of congressman Matt Gaetz, 42, for U.S. attorney general, America's top law enforcement officer, was a surprising pick. The former attorney has never worked in the Justice Department, or as a prosecutor, and was investigated by the Ju...

November 13, 2024 11:50 AM

Trump selects Vivek Ramaswamy, Elon Musk to lead new US Department of Government Efficiency

U.S. President-elect Donald Trump on Tuesday named Elon Musk to a role aimed at creating a more efficient government, handing even more influence to the world's richest man who donated millions of dollars to helping Trump get elected. Musk and former Republican presidential candidate Vivek Ramaswamy will co-lead a newly created Department of Government Efficiency, an entity Trump indicated will operate outside the confines of government. Trump said in a statement that Musk and Ramaswamy "will ...

November 12, 2024 1:39 PM

Asia stocks slip, bitcoin at record high as Trump trade whipsaws markets

Asian stocks tumbled on Tuesday dragged by Chinese markets and chip shares as investors worried about U.S. President-elect Donald Trump's policies, while bitcoin hit a record peak on bets on assets that are set to benefit from the new administration. Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. But the threat of possib...

November 12, 2024 10:20 AM

Trump expected to tap US Senator Marco Rubio for secretary of state, sources say

Donald Trump is expected to tap U.S. Senator Marco Rubio to be his secretary of state, sources said on Monday, putting the Florida-born politician on track to be the first Latino to serve as America's top diplomat once the Republican president-elect takes office in January. Rubio was arguably the most hawkish option on Trump's shortlist for secretary of state, and he has in past years advocated for a muscular foreign policy with respect to America's geopolitical foes, including China, Iran and ...

November 12, 2024 9:07 AM

US President-elect Trump selects Florida rep Waltz as national security adviser: Sources

US President-elect Donald Trump has selected Florida representative Mike Waltz as his national security adviser, Reuters reported, citing sources on Monday. Waltz, a former Army Green Beret and a prominent critic of China, has criticized their activity in the Asia-Pacific. He also voiced the need for the United States to be ready for a potential conflict in the region. He will be responsible for briefing Trump on key national security issues and coordinating with different agencies, Reuters repo...

November 11, 2024 4:07 PM

Will Trump’s return make Iran go nuclear?

Tensions persist in West Asia and the Gulf. Hostilities between Israel and Iran threaten to spill over. The return of Donald Trump as U.S. President has added an element of uncertainty to the prevailing situation in the region. Why? Because it was Trump who pulled the U.S. out of the 2015 Iran Nuclear deal. But Trump did not stop at that. He imposed sanctions on Iran. And, in January 2020, an Iranian General, Qassem Soleimani, was killed in a U.S. drone strike inside Iraq. The assassination took...

November 11, 2024 10:20 AM

Donald Trump dials Vladimir Putin, advises him not to escalate Ukraine war: Report

US President-elect Donald Trump spoke with Russian President Vladimir Putin, the first phone conversation between the two leaders since Trump won the election, The Washington Post reported. The US daily, on Sunday (local time) citing its sources, said that Trump took the call from his Mar-a-Lago resort in Florida and during the conversation advised the Russian president not to escalate the war in Ukraine. Neither the White House nor the Kremlin has officially confirmed this information. During...

November 9, 2024 10:43 AM

China unveils $1.4 trln local debt package but no direct stimulus

China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.S. president. The measures confirm last week's Reuters report, and mark a departure from the all-out stimulus strategies to revive growth China has deployed in the past. They aim to repair municipal balance sheets as a longer-term objective, rather than directly inject mon...

November 8, 2024 10:13 AM

US Fed cuts interest rates by 25 points; Powell signals cautious path forward

The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as its policymakers began taking stock of what could become a more complex economic landscape when President-elect Donald Trump takes office next year. Fed Chair Jerome Powell said the results of Tuesday's presidential election, which paved the way for a U.S. chief executive who has pledged widespread deportation of immigrants, broad-based tariffs, and tax cuts, would have no "near-term" impact on U.S. monetar...

November 7, 2024 11:10 PM

Biden urges Americans to ‘bring down the temperature’ following Trump’s US election win

U.S. President Joe Biden urged Americans to "bring down the temperature" on Thursday following Republican Donald Trump's election victory and sought to console fellow Democrats who were alarmed by the former president's stunning comeback. "Setbacks are unavoidable. Giving up is unforgiveable," Biden said at the White House Rose Garden as he addressed staff who were disappointed in Vice President Kamala Harris' defeat. "A defeat does not mean we are defeated." Biden said Tuesday's election had ...