The United States Federal Reserve said on Wednesday that it was still trying to stimulate faster economic growth as one of the longest expansions in American history neared the end of its ninth year. The Fed said after a two-day meeting of its policymaking committee that it was leaving its benchmark interest rate unchanged in a range of 1.25% to 1.5%, a relatively low level that the Fed said would help support continued job growth and stronger inflation.
Andrew McCabe, the FBI's No. 2 official whom President Donald Trump publicly criticized for alleged political bias and reportedly wanted fired, stepped down from the bureau Monday, weeks ahead of his retirement. The move followed months of blistering criticism by Trump and his Republican allies that McCabe, 49, was an anti-Trump partisan. Recent reports said McCabe had been pressured to leave the bureau.
President Trump declared America “open for business” in a speech on Friday to global to political and business elites in Davos, Switzerland, while taking a hard line on trade and vowing to make commerce with other countries “fair and reciprocal.”
US economic growth slowed unexpectedly to an annualised rate of 2.6% in the last three months of 2017, the Commerce Department said on Friday. Economists had expected the rate to be 3% - the same as the three months to September.
The Canadian aerospace firm which faced damaging import tariffs on one of its jets has won a trade dispute in the United States. The UK government had suspected that Bombardier would lose and unions feared sales and UK jobs connected to the C-Series would be hit. But in a surprise ruling, the US International Trade Commission (ITC) rejected a complaint brought by Boeing.
United States Secretary of State Rex Tillerson will travel to Austin, Texas, and then to Mexico City, Mexico; Bariloche and Buenos Aires, Argentina; Lima, Perú; Bogotá, Colombia; and Kingston, Jamaica on February 1-7. According to a release from the State Department, Secretary Tillerson will engage with regional partners to promote a safe, prosperous, energy secure, and democratic hemisphere.
Brazil’s Congress will finalize as soon as February legislation opening the way for deregulation of flights to and from the United States, Minister of Tourism Marx Beltrao said. He also expects legislators to approve a plan to allow foreign carriers a bigger chunk of Brazilian airlines. Both measures are part of a government drive to push down fares and boost tourism, which accounts for an estimated 3.7% of GDP.
The U.S. dollar extended its recent rout to hit three-year lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar. Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark at the annual Davos summit of business and political leaders pushed it down further.
Donald Trump's alleged hatred of sharks has inspired people to financially support international shark charities. The US president's dislike for the marine animal was revealed last week in an In Touch Weekly interview with adult film actress Stormy Daniels.
Travel to the US is falling, a decline some in the tourism industry blame on US President Donald Trump. The number of international visitors fell by 4% in the first seven months of 2017, according to the US National Travel & Tourism Office and the trend occurred across all regions, with Africa and the Middle East reporting some of the most dramatic declines.