US firms concerned about Trump tariff, immigration plans: Fed

Washington (AFP) – US businesses across the country are concerned about the economic impact of President-elect Donald Trump’s proposals to raise tariffs and sharply curtail immigration, the Federal Reserve said Wednesday.

Manufacturers have been stockpiling inventory in anticipation of higher tariffs, businesses contacts have told the US Federal Reserve

Yellen warns against extending Trump's first

Washington (AFP) – US Treasury Secretary Janet Yellen warned Wednesday that plans to extend President-elect Donald Trump’s 2017 tax cuts — which remained in place under Joe Biden but are set to expire — will add to unsustainable deficits.

US Treasury Secretary Janet Yellen said the country's projected fiscal path under current policies is not sustainable

Biden hails Gaza deal, says worked with Trump

Washington (AFP) – US President Joe Biden announced Wednesday a “full and complete” ceasefire between Israel and Hamas in the first part of their peace accord, and said he had acted as “one team” with incoming leader Donald Trump.

US President Joe Biden speaks about the Israel-Hamas ceasefire and hostage release deal in the Cross Hall of the White House, as Vice President Kamala Harris and Secretary of State Antony Blinken look on, on January 15, 2025. Israel and Hamas agreed on Wednesday to a deal for a ceasefire and the release of hostages being held in Gaza following separate meetings with Qatar's prime minister, a source briefed on the talks told AFP. A US official confirmed the deal.

US Supreme Court weighs Texas age

Washington (AFP) – The US Supreme Court grappled with a challenge on Wednesday to a Texas law requiring pornographic websites to verify visitors’ ages, part of a growing effort to limit access by minors to online sexual content.

The US Supreme Court heard a challenge to a Texas law that requires pornographic websites to verify the age of visitors

Trump's Energy Dept pick wants to develop renewables… and fossil fuels

Washington (AFP) – Donald Trump’s nominee for energy secretary, a fracking magnate who has previously expressed climate change skepticism, advocated for renewable energy and referred to the warming planet as a fact Wednesday, while still pushing for increased use of fossil fuels.

Chris Wright is a founder of Liberty Energy, which serves the energy companies that have massively increased US fossil fuel production in recent years through fracking

Cuba frees jailed protesters in Biden terror list deal

Havana (AFP) – Cuba began releasing people Wednesday who had been jailed for protesting against the regime under a deal that saw departing US President Joe Biden remove the communist island from a list of terrorism sponsors.

Liset Fonseca is anxiously awaiting news on the fate of her son Roberto Perez, sentenced to 10 years' imprisonment for taking part in anti-government protests in 2021