With the passage of deep tax cuts late last year, annual United States budget deficits are expected to balloon over the next decade, the nonpartisan Congressional Budget Office said on Monday.
On the eve of an expected grilling by U.S. lawmakers, Facebook chief executive Mark Zuckerberg once again apologized for inadequately protecting the data of millions of social media platform users and highlighted steps the firm is taking to prevent a repeat.
Facebook Inc admitted that the personal information of up to 87 million users, mostly in the United States, may have been improperly shared with political consultancy Cambridge Analytica, up from a previous news media estimate of more than 50 million.
Facebook CEO Mark Zuckerberg will testify before a congressional committee about the privacy scandal that has rocked the social media company. The House and Energy and Commerce Committee announced on Wednesday Zuckerberg will testify on April 11 about the British consulting firm Cambridge Analytica, which obtained data on tens of millions of Facebook users that could be used to influence voters in U.S. elections.
United States President Donald Trump, engaged in an escalating confrontation with Beijing over trade, will urge Latin American leaders next week to work with the United States – not China – on trade, a senior US official said on Thursday. Trump’s trip to Lima, Peru, for the Summit of the Americas has been prefaced by aggressive moves on trade and immigration.
American Airlines will launch its first-ever nonstop flights between Los Angeles International Airport and Ezeiza International Airport in Buenos Aires, as part of a broader expansion in service to Mexico and South American destinations.
Saudi Arabia’s crown prince said Israelis are entitled to live peacefully on their own land in an interview published on Monday in U.S. magazine The Atlantic, another public sign of ties between Riyadh and Tel Aviv appearing to grow closer. Asked if he believes the Jewish people have a right to a nation-state in at least part of their ancestral homeland, Mohammed bin Salman was quoted as saying:
Barclays has agreed to pay US$2bn to settle a lawsuit brought by the US government over the sale of mortgage-backed securities. The US alleged that the bank had misled investors about the quality of loans backing the securities in the run-up to the financial crisis.
China has slapped extra tariffs of up to 25% on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, China’s finance ministry said. The tariffs, to take effect on Monday, were released late on Sunday and matches a list of potential tariffs on up to US$3 billion in U.S. goods published by China on March 23.
Former Brazil's President Luiz Inacio Lula Da Silva, better or simply known as Lula, said Donald Trump doesn't care about Latin America in the least and added that Bush and Condoleezza Rice pursued a much more democratic policy towards Brazil than Barack Obama and Hillary Clinton.” In his view, Obama could give magnificent speeches, but never actually delivered.