money

Stormy Daniels to testify in Trump hush money trial

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Stormy Daniels to testify in Trump hush money trial

Stormy Daniels will be called as a witness in Donald Trump’s criminal trial on Tuesday. Prosecutors say Trump covered up a 0,000 hush money payment to Daniels. Daniels says she had a sexual encounter with Trump in 2006. Cohen has previously said Trump directed him to make the payment. Trump denies any sexual encounter with Daniels and pleads not guilty to falsifying business records. Prosecutors aim to show Trump was responsible for an illegal cover-up. Trump’s defense team argues that Daniels’ testimony is not relevant to the case. Cohen pleaded guilty to violating federal campaign finance law through the payment to Daniels. Daniels claims she had sex with Trump at a Lake Tahoe hotel. Trump’s legal team says her claim is false. Trump has been fined for violating a gag order restricting him from speaking about witnesses. The trial is seen as an attempt to hinder Trump’s bid for the presidency.

Stormy Daniels takes witness stand in Trump hush money trial

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Stormy Daniels takes witness stand in Trump hush money trial

Stormy Daniels testified at Donald Trump’s criminal trial, where prosecutors claim Trump covered up a 0,000 hush money payment made to Daniels by his former lawyer Michael Cohen. Cohen has stated that Trump directed him to make the payment to keep quiet about a sexual encounter Daniels says she had with Trump in 2006.

Iran’s capacity to move oil reliant on Malaysian providers, US official says

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Iran’s capacity to move oil reliant on Malaysian providers, US official says

The United States is concerned about Iran’s oil being moved with the help of service providers based in Malaysia, particularly near Singapore. Treasury official Brian Nelson visited Singapore and Malaysia to counter Iran’s financing and revenue generation efforts in Southeast Asia. Treasury imposed sanctions on Malaysia-based companies supporting Iran’s drone production. Nelson also mentioned progress in sanctions against Russia, affecting Moscow’s oil sales and global energy markets. Shipping hub Singapore faces challenges in verifying compliance with the Russian oil price cap.

Warren Buffett predicts ‘higher taxes are likely’ since the national debt won’t pay for itself

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Warren Buffett predicts ‘higher taxes are likely’ since the national debt won’t pay for itself

Warren Buffett predicts that companies like his may have to pay higher taxes in the future, and he is fine with the idea.

Sea drone warfare has arrived. The U.S. is floundering

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Sea drone warfare has arrived. The U.S. is floundering

The U.S. Navy is facing challenges in building a fleet of unmanned vessels due to a focus on big shipbuilding projects, despite the demonstrated effectiveness of sea drones in combat situations. The Pentagon is now incorporating lessons from Ukraine and the Red Sea to counter China’s naval power in the Pacific, launching the Replicator initiative to deploy small air and sea drones. This initiative aims to match China’s military threat and is funded by reallocating funds from the existing Pentagon budget. The use of sea drones for maritime surveillance, minehunting, and protection of critical infrastructure is seen as crucial, with the U.S. Navy testing unmanned vessels in combat scenarios and expanding their use in different regions. Companies like Saildrone and Ocean Aero are actively involved in supplying autonomous vessels to the Navy, showing the increasing focus on deploying sea drones quickly to stay ahead in naval warfare.

Judge fines Trump again in criminal trial, warns of jail time

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Judge fines Trump again in criminal trial, warns of jail time

Donald Trump has been held in contempt of court for violating a gag order for the 10th time by Justice Juan Merchan. The judge warned that further violations could result in jail time, despite already imposing ,000 in fines. Trump’s statements about the jury selection and other comments were found to violate the gag order. The trial involves charges of falsifying business records to cover up hush money payments to Stormy Daniels. Trump has complained that the gag order limits his ability to make his case to voters.

Wealth concentration leads to wealth extraction

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Wealth concentration leads to wealth extraction

– Collateral lending has become the norm in a loosely regulated banking environment in the world today.
– Extreme wealth inequality is a significant issue globally.
– Risk aversion by the wealthy and the depletion of entrepreneurs’ equity through unproductive debt can compromise the real economy.
– Wealth concentration and extreme inequality can suffocate the real economy and transfer existing wealth from the many to the few.

Panama’s Mulino wins presidency with support from convicted former leader

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Panama’s Mulino wins presidency with support from convicted former leader

Jose Raul Mulino won the presidential election in Panama, replacing his former boss Ricardo Martinelli on the ballot. Mulino’s pro-investment and pro-business government plans to prioritize unity and addressing economic issues. He faces the challenge of mending social divisions and restoring faith in the government. Mulino plans to focus on infrastructure investment, higher minimum wage, and job creation. The new government will also need to address issues like corruption, public debt, and the closure of a major copper mine. Mulino will take office on July 1 for a five-year term.

Hard right wants more EU power to reflect likely election gains

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Hard right wants more EU power to reflect likely election gains

French right-wing lawmaker Jean-Paul Garraud expects nationalist and eurosceptic parties to gain influence in the upcoming EU assembly election. Polls predict radical right parties will increase their seats across the EU, including France, Germany, and Italy. Garraud anticipates far-right parties could have positions in committees or even hold key roles in the European Parliament, allowing them to influence policies related to green initiatives, free trade, and immigration. The rise of radical right parties is fueled by a growing gap between mainstream parties and distrustful voters, as well as concerns over issues such as the cost of living, illegal migration, and changing geopolitical dynamics. Critics warn that the influence of the hard right could weaken Europe and potentially lead to closer ties with China and Russia.