Trump's $4.1tr budget takes hatchet to safety net

The White House has unveiled a $4.1tr (£3.1tr) budget that would take the axe to the social safety net for the poor.The plan would sharply slash food stamps, healthcare for low-income patients and disability benefits, and eliminate student loan subsidies.The budget ... — Read More

Apple boss's salary and bonuses fall

Apple chief executive Tim Cook saw his salary and bonus slide in the last financial year, but his income from the sale of shares jumped dramatically.Mr Cook was paid $8.75m (£7.1m) in salary and bonus in 2016, down from $10.3m the ... — Read More

Six pharmaceutical firms accused of price-fixing

US authorities have accused six pharmaceutical firms from the US, India and Australia of price-fixing.It is alleged the companies conspired to raise the price of the antibiotic doxycycline and diabetes drug glyburide.The civil lawsuit has been filed in 20 US states.It ... — Read More

Trump's opposition already paying the price

Crossing President-elect Trump's path is proving to be treacherous and he's not even in office yet.Areas of the market Trump waged a war of words against - especially technology companies, emerging markets like China, Brazil, and Mexico and beneficiaries of the ... — Read More

Trump's surprising strength roils markets

As the votes roll in across the U.S. and Donald Trump's chances for an upset win in the tight presidential election increase, the Dow Jones industrial average plunged about 700 points in volatile futures trading and investors moved their money into safe havens like ... — Read More

US Election 2016: Trump victory unsettles markets

UK and European markets are taking stock after sharp initial falls following Donald Trump's victory.The FTSE 100 index fell 2% at the start of trading before paring back some losses to trade 0.7% lower at midday.Other major European stock markets also ... — Read More

The view from Virginia - The morning after

For Hilary Clinton, 2016 presidential contender for the Democrats, genteel Virginia was a’ keep it in the bag’ state as opposed to the hard ‘Must Deliver’ battle ground states of Ohio, Pennsylvania, North Carolina and Florida.The hard truth is that across ... — Read More

We will only support regional power projects - MCC

Millennium Challenge Corporation (MCC) has disclosed to thebftonline.com that the MCC was going to from 2017 invest in regional power infrastructure to help develop the African Power Pool.This is according to the Chief Executive Officer of the corporation Dana Hyde.According to ... — Read More

US to examine AT&T deal to buy Time Warner

US lawmakers and both presidential candidates have raised questions about AT&T's deal to buy Time Warner.The US telecoms giant, already the country's third largest cable provider, is paying $85.4bn (£70bn) for the company, which owns CNN and HBO.A Senate subcommittee responsible ... — Read More

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