Trump budget boosts military and border wall, targets social programs
President Donald Trump on Monday called for spending more money on the military and a U.S.-Mexico border wall while overhauling social programs for the poor in a budget plan that sets the stage for his next fight with the U.S. Congress.
Stocks surge in broad rally, Treasury yields rise
Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk appetite.
Trump budget proposes steep subsidy cuts to farmers as they grapple with crisis
President Donald Trump’s 2020 budget on Monday proposed a 15 percent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time when they are going through the worst crisis in decades because of depressed c…
Nvidia outbids Intel to buy Israel’s Mellanox in data centre push
U.S. chip supplier Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the firm boost its data centre and artificial intelligence business.
French prosecutors probing ex-Renault boss Ghosn’s wedding costs: reports
French prosecutors have opened a preliminary inquiry into how former Renault chief Carlos Ghosn financed his 2016 wedding, the Figaro newspaper and Agence France-Presse said on Monday.
Oil gains over 1 percent as Saudi stands by OPEC output cuts
Oil prices rose more than 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June.
Prize-winning author, 21 U.N. workers among dead in Ethiopian Airlines crash
(Corrects flight number to ET 302 in first paragraph of this March 11 story.)
Canada will take action once cause of Ethiopian plane crash known: minister
Canadian Transport Minister Marc Garneau said on Monday he will not hesitate to take action once the cause of the Ethiopian plane crash involving Boeing Co’s 737 MAX 8 aircraft is known.
U.S. to act immediately on Boeing if Ethiopia crash poses safety concern
U.S. regulators will “take immediate action” on the Boeing 737 MAX 8 if they identify any safety issue following Sunday’s fatal crash in Ethiopia of the new model of aircraft, Transportation Secretary Elaine Chao said on Monday.
Trump budget boosts military and wall but targets social services
President Donald Trump in his 2020 budget on Monday called for overhauling social programs that help poor and elderly Americans, while boosting military spending and funding a U.S.-Mexico border wall, in the opening gambits in his next funding fight wi…
