US firms going abroad can't say 'bye-bye and fire everybody'

February 11, 2017

Washington, Feb 11: President Donald Trump has warned of "consequences" to American companies planning to shift base abroad, telling them that he would make it "harder" for them to just say "bye-bye and fire everybody."

dtIn his weekly address to the nation, Trump also said that he is working on a major tax reform which would massively reduce taxes of American workers and businesses.

"We are in the process right now of working on a major tax reform that will massively reduce taxes on our workers and businesses," Trump said yesterday.

"We want to make it much easier to do business in America, and that's what we're going to do. We're going to make it also much harder for companies to leave.

They're not just going to say bye-bye and fire everybody. There will be consequences," he said.

Trump said, he met the CEO of Intel (Brian Krzanich) this week, who announced that his company will invest USD 7 billion in a new manufacturing facility in Arizona, creating thousands of new American jobs.

"That's what we want, new American jobs and good jobs. Intel decided to move forward with this project because they know we are totally committed to lifting the regulatory and tax burdens that are hurting American innovation and companies," he said.

Trump said he want America to be the greatest jobs magnet of the world. "But we can't do that if we don't stop the wasteful rules and excessive taxes that make it impossible for companies to compete," he said.

Every hour of every day, his administration is focused on creating jobs for people, Trump said. "I mean good jobs. More jobs, better jobs, higher paying jobs, that's our mission," he said.

Referring to his meeting with sheriffs and police chiefs from across the country, Trump said his administration is committed to national security, which is why he will continue to fight to take all necessary and legal action to keep terrorists, radical and dangerous extremists from ever entering the country.

"We will not allow our generous system of immigration to be turned against us as a tool for terrorism and truly bad people We must take firm steps today to ensure that we are safe tomorrow," Trump said.

"We will defend our country, protect our Constitution and deliver real prosperity for our people," he said.

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News Network
April 28,2020

Geneva, Apr 28: The global death toll from the novel coronavirus has increased over the past 24 hours by nearly 5,000 to top 198,000, the World Health Organisation (WHO) said.

According to the latest WHO data, 85,530 new cases of infection have been registered globally over the past day, with 4,982 deaths.

The overall number of COVID-19 cases worldwide increased to 2,878,196 and the death count reached 198,668.

There are 1,359,380 confirmed cases and 124,525 deaths in Europe.

The number of cases in the Americas total 1,140,520, with 58,492 deaths.

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Agencies
May 31,2020

Washington, May 31: US President Donald Trump said Saturday he will delay the G7 summit scheduled to take place in June and invite other countries -- including India and Russia -- to join the meeting.

"I don't feel that as a G7 it properly represents what's going on in the world. It's a very outdated group of countries," Trump told reporters on Air Force One.

He said he would like to invite Russia, South Korea, Australia and India to join an expanded summit in the fall.

It could happen in September, either before or after the UN General Assembly, Trump said, adding that "maybe I'll do it after the election."

Americans head to the polls in early November to choose a new president, with Trump keen for a return to normalcy after the coronavirus pandemic and a healthy economy as voters cast their ballots.

Describing the event as a "G-10 or G-11", Trump said he had "roughly" broached the topic with leaders of the four other countries.

Leaders from the Group of Seven, which the United States heads this year, had been scheduled to meet by videoconference in late June after COVID-19 scuttled plans to gather in-person at Camp David, the US presidential retreat outside Washington.

Trump created suspense last week, however, when he announced that he might hold the huge gathering in-person after all, "primarily at the White House" but also potentially parts of it at Camp David.

German Chancellor Angela Merkel became the first leader to decline the in-person invitation outright.

"Considering the overall pandemic situation, she cannot agree to her personal participation, to a journey to Washington," her spokesman said Saturday.

Her response followed ambivalent to positive reactions to the invitation from Britain, Canada and France.

The 65-year-old chancellor is the oldest G7 leader after Trump, who is 73. Japan's Shinzo Abe, also 65, is several months younger than Merkel. Their age puts them at higher risk from the coronavirus.

The G7 major advanced countries -- Britain, Canada, France, Germany, Italy, Japan and the United States -- hold annual meetings to discuss international economic coordination.

Russia was thrown out of what was the G8 in 2014 after it seized Ukraine's Black Sea peninsula of Crimea, an annexation never recognized by the international community.

The work of the G7 is now more important than ever as countries struggle to repair coronavirus-inflicted damage.

The White House had previously said the huge diplomatic gathering would be a "show of strength" when world economies are gradually reemerging from shutdowns.

The United States is the worst-hit country for COVID-19 infections, recording more than 1.7 million cases and over 103,680 deaths.

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Agencies
July 24,2020

The total number of global coronavirus cases has topped 15.4 million, while the deaths have increased to over 631,000, according to the Johns Hopkins University.

As of Friday morning, the total number of cases stood at 15,439,456, while the fatalities rose to 631,926, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

The US accounted for the world's highest number of infections and fatalities at 4,034,831 and 144,242, respectively, according to the CSSE.

Brazil came in the second place with 2,287,475 infections and 84,082 deaths.

In terms of cases, India ranks third (1,238,798), and is followed by Russia (793,720), South Africa (408,052), Peru (371,096), Mexico (370,712), Chile (334,683), the UK (298,721), Iran (284,034), Spain (270,166), Pakistan (269,191), Saudi Arabia (260,394), Italy (245,338), Turkey (223,315), Colombia (218,428), France (216,667), Bangladesh (216,110), Germany (204,881), Argentina (148,027), Canada (114,398), Qatar (108,244) and Iraq (102,226), the CSSE figures showed.

The other countries with over 10,000 deaths are the UK (45,639), Mexico (41,908), Italy (35,092), France (30,185), India (29,861), Spain (28,429), Iran (15,074), Peru (17,654) and Russia (12,873).

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