In surprise move, Trump fires FBI director

May 10, 2017

Washington, May 10: President Donald Trump today abruptly fired FBI Director James Comey who was leading an investigation into whether his election campaign had links to Russias alleged interference in the US polls, a surprise move that has created a political furore.

comey7In a letter, Trump told Comey, 56, that he was no longer effectively able to lead the bureau and it was necessary to restore "public trust and confidence" in it.

"You are hereby terminated and removed from the office, effective immediately," Trump said in the letter.

The shock move comes days after Comey testified on Capitol Hill about the FBIs investigation into Russias meddling into the US elections and a possible collusion between Trump campaign and Moscow.

In the letter, Trump acknowledged that Comey had informed him "on three separate occasions" that he was not under investigation. "I nevertheless concur with the judgement of the Department of Justice that you are not able to effectively lead the bureau," he added.

The White House said the search for a new FBI director would begin immediately.

Press Secretary Sean Spicer told reporters: "The president has accepted the recommendation of the Attorney General (Jeff Sessions) and the Deputy Attorney General (Rod Rosenstein) regarding the dismissal."

In a statement released by the White House, Trump said: "The FBI is one of our nations most cherished and respected institutions and today will mark a new beginning for our crown jewel of law enforcement."

Comey had courted controversy during the 2016 presidential polls when he revealed a renewed investigation into Hillary Clintons email use, which the Democrats claimed had hurt her chances of becoming president.

Deputy Attorney General Rod Rosenstein, in his letter to Trump, criticised Comeys handling of the Clinton probe, including the directors decision to hold a press conference announcing its findings and releasing "derogatory information" about her.

In a separate letter, Sessions said he has concluded that a fresh start is needed at the leadership of the FBI, based on his evaluation as well the reasons expressed by the Deputy Attorney General.

"It is essential that this Department of Justice clearly reaffirm its commitment to longstanding principles that ensure the integrity and fairness of federal investigations and prosecutions," Sessions said.

Comey was addressing FBI agents in Los Angeles when he was handed a note by one of his team informing him he had just been fired. He was four years into his 10-year term.

It wasn?t immediately clear how Comeys ouster will affect the Russia probe, but Democrats said they were concerned that his ouster could derail the investigation.

"I told the president, Mr President, with all due respect you are making a big mistake," Chuck Schumer, the top Democrat in the Senate, told reporters.

The Senate Minority Leader demanded that the Department of Justice appoint a special prosecutor to investigate Russias alleged influence on the 2016 elections.

"The firing of top officials like Sally Yates and Preet Bharara, and now Comey does not seem to be a coincidence," Schumer said.

Schumer also questioned the timing of the decision.

"If the administration had objections to the way Director Comey handled the Clinton investigation, they had those objections the minute the president got into office. But they didnt fire him then. Why did it happen today?" he asked.

House Democratic Caucus Chairman Joe Crowley said Comeys dismissal is extremely troubling.

"President Trump fired the man investigating him and his cohorts. I strongly support calls for the appointment of a special prosecutor," he said.

Terming the move as "nearly unprecedented", Indian- American Congressman Raja Krishnamoorthi said it was extremely disturbing that the Chief Executive is interfering with an ongoing investigation into his administration by firing the person charged with conducting it.

Republican Senator John McCain, the Chairman of Armed Services Committee, said he was disappointed by Trump?s decision to dismiss Comey.

"James Comey is a man of honour and integrity, and he has led the FBI well in extraordinary circumstances. I have long called for a special congressional committee to investigate Russias interference in the 2016 election," he said.

"The presidents decision to remove the FBI Director only confirms the need and the urgency of such a committee," McCain said.

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News Network
July 9,2020

Washington, Jul 9: The United States recorded 55,000 new coronavirus cases in 24 hours on Wednesday (Thursday in Malaysia), a tally by Johns Hopkins University showed, bringing its total to 3,046,351 recorded infections since the pandemic began.

The country, the hardest-hit in the world, had earlier on Wednesday passed the grim milestone of three million infections. The actual number is likely far higher due to issues over getting tested in March and April.

The US also added an additional 833 virus deaths, bringing the death toll to 132,195, the Baltimore-based institution showed at 8.30pm (0030 GMT Thursday).

US President Donald Trump regularly downplays the numbers, attributing them to an increase in testing capacity during the month of June.

Coronavirus cases are surging in several southern hotspots including Texas, Florida, Louisiana and Arizona, but the pandemic has almost entirely receded from its former epicentre in New York and the north-east.

Several states have been forced to suspend their reopening processes or even reverse course, with some ordering bars to close again.

On Wednesday morning, Trump called on schools throughout the country to reopen in the fall, lashing out at his own top health agency to ease health and safety requirements aimed at slowing the spread of the virus, such as social distancing.

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News Network
April 19,2020

Washington, Apr 19: President Donald Trump has expressed his doubts over the official Chinese figures on the number of deaths in their country due to the novel coronavirus pandemic, claiming that the fatalities were way ahead of the US.

Trump's comments come two days after another 1,300 fatalities were added to the official count in the city of Wuhan, where the outbreak started. The revision puts China's overall death toll to more than 4,600.

"We are not number one; China is number one just so you understand," Trump told reporters at a White House news conference on Saturday. "They are way ahead of us in terms of death. It's not even close."

According to Trump, when highly-developed healthcare systems of the UK, France, Belgium, Italy and Spain had high fatality rates, it was O.33 in China.

The president asserted that the actual number was much more than the official Chinese death toll figures, which he said were "unrealistic".

"You know it, I know it and they know it, but you don't want to report it. Why?" he asked. "You will have to explain that. Someday I will explain it."

He also highlighted that on a per-capita basis, the mortality rate in the US was far lower than other nations of Western Europe.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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