The Argentine navy has stepped up its search of the South Atlantic for a submarine with 44 crew on board that remains missing two days after its last communication on Wednesday. ARA San Juan was in the western south Atlantic some 432 kilometers from the Patagonian coast close to the San Jorge Gulf, when it sent its last signal on Wednesday midday, naval spokesman Enrique Balbi said on Friday.
House Republicans have passed a controversial overhaul of the US tax code that slashes corporate rates. The vote came after US President Donald Trump made a rare visit to Congress to rally lawmakers around the tax overhaul plan. The Senate is working to build support for its own version of the bill, but one Republican has said he is a 'no'.
International energy markets are set for major upheaval as the US cements its status as the world's largest oil and gas producer, while China overtakes it as the biggest oil consumer. The predictions come from the International Energy Agency's annual energy forecast.
For the first time in over 40 years, Congress has examined a US president's authority to launch a nuclear attack. The Senate Foreign Relations Committee hearing was titled Authority to Order the Use of Nuclear Weapons and some senators expressed concern that the president might irresponsibly order a nuclear strike; others said he must have the authority to act without meddling from lawyers.
United States interest rates are likely to rise again next month and a further three times next year, one of the Federal Reserve's rate-setters has said. John Williams, who sits on the lliams, advanced a rate rise in December makes sense, at least based on the information I have today.
President Donald Trump has said he does not blame China for the “unfair” trade relationship between the countries, despite long railing against the economic imbalance. Speaking in Beijing, he gave China “credit” for working to benefit its citizens by taking advantage of the US.
United States president Donald Trump told Chinese President Xi Jinping on Thursday that he believes, like Xi, that a solution can be found to the North Korean nuclear issue, a day after warning Pyongyang of the grave danger of developing nuclear weapons.
The gunman who killed 26 people at a small-town Texas church had a history of domestic violence that spanned years before the attack, and was able buy weapons because the Air Force did not submit his criminal history to the FBI as required by military rules.
President Donald Trump has said he will announce on Thursday his choice to lead the seven/member Federal Reserve board beginning in February. Jerome Powell, a Fed board member, is assumed to be the top contender and Trump anticipated that “I think you will be extremely impressed by this person”.
Five of those killed after a terrorist plowed a truck through a Manhattan bike path in New York were Argentine high school pals celebrating three decades of friendship. The Argentine government identified the slain victims as Hernán Mendoza, Diego Angelini, Alejandro Pagnucco, Ariel Erlij and Hernan Ferruchi.