Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
The latest crisis in the uneasy French-German relationship was accelerated by Trump's decision to stop Germany's comfortable and decades-old free-riding on trade and security...Europe Politicsread more
While some fans of the long-running "Game of Thrones" felt satisfied by the show's final bow, others were quick to express their displeasure with how events unfolded.Entertainmentread more
Stocks in Asia were mostly higher on Monday amid rising tensions between the U.S. and China.Asia Marketsread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Russian Energy Minister Alexander Novak said there were different options available for OPEC and its oil-producing allies in the second half of 2019, including a possible...Oilread more
The Australian Electoral Commission (AEC) on Monday said Morrison's coalition has won 76 seats in Australia's parliament, which is comprised of 151 elected lawmakers.Electionsread more
U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any...World Politicsread more
SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Gary Cohn just laid out a simple standard for judging the Trump administration: economic growth.
"The right baseline to judge us against is: Do we grow the economy? Do we create a better environment for U.S. citizens?" the White House chief economic advisor said Thursday. "Do we put more people to work? Do we give them better jobs? Does their life get better? Do more people end up getting a job that they want?"
At the Institute of International Finance Washington Policy Summit, Cohn outlined the initiatives that he argued would help the United States grow. He highlighted the White House's plan to chop the American corporate tax rate, slash regulations on businesses, and increase government and private spending on infrastructure projects.
Cohn did not go into a specific timeline of when those initiatives might happen. The Trump administration has taken initial steps to start trimming regulations through executive orders, but so far possible Trump-backed tax reform and infrastructure bills have taken the backseat to efforts to replace the Affordable Care Act in Congress.
At the event earlier Thursday, Treasury Secretary Steven Mnuchin said the administration is close to bringing forward "major tax reform," days after he tempered expectations for how quickly it will pass. However, the Trump administration previously missed several of its deadlines for releasing its tax plan.
Cohn did not go into detail about what specific provisions a Republican tax plan might include. A so-called border adjustment tax — which would raise revenue under the House GOP proposal but faces
The economic advisor said a carbon tax — a tax on fossil fuels that many Republican lawmakers have opposed — is "not in the mix." Cohn added that the tax plan may contain a provision for using money repatriated, or brought by companies from overseas into the U.S., in order to finance some infrastructure projects.
He said that funding infrastructure with both private and government financing, or taking some pieces of U.S. infrastructure private, "makes a lot of sense." He highlighted the potential to privatize air traffic control, which some Republican members of Congress have supported for years.