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Fox News
9 minutes ago
- Fox News
WATCH LIVE: President Donald Trump arrives in Scotland
The president will be in Scotland for five days and is expected to meet with British and Scottish officials.
Fast Company
39 minutes ago
- Fast Company
Trump says he likes a strong dollar, but a weaker one is ‘good for inflation'
BY Listen to this Article More info 0:00 / 1:31 U.S. President Donald Trump said on Friday he liked a strong dollar but 'you make a hell of a lot more money' with a weaker one. 'So when we have a strong dollar, one thing happens: It sounds good. But you don't do any tourism. You can't sell tractors, you can't sell trucks, you can't sell anything,' Trump said at the White House before leaving on a trip to Scotland. 'It is good for inflation, that's about it.' The dollar index, which measures the greenback's strength against six major currencies, steadied on Friday after hitting two-week lows earlier in the week. It is still down roughly 10% over the six months Trump has been in office. Trump has often complained that dollar strength blunts U.S. export competitiveness and hurts U.S. manufacturing and jobs. Trump told reporters on Friday that manufacturers would be the first to benefit from a falling dollar, citing construction and mining equipment maker Caterpillar, whose shares have risen 16% over the last month. Japan and China fought for weaker currencies for decades and were able to dominate markets over the years, Trump said. 'Now it doesn't sound good, but you make a hell of a lot more money with a weaker dollar – not a weak dollar but a weaker dollar – than you do with a strong dollar,' he said. At the same time, he acknowledged that pushing for a weaker dollar wasn't a good look, saying a strong dollar is good psychologically. 'It makes you feel good,' he said. 'I love strong dollars.' —Steve Holland and Maiya Keidan, Reuters
Yahoo
an hour ago
- Yahoo
221 MPs call for Britain to recognise Palestinian state amid starvation in Gaza
Some 221 MPs from across different political parties have joined forces to call on the Government to recognise a Palestinian state. The MPs urge the Government to take the step ahead of a United Nations conference in New York next week, following France's announcement it would recognise Palestine at the gathering. Their letter, co-ordinated by Sarah Champion – Labour chairwoman of the International Development Select Committee, said: 'We are expectant that the outcome of the conference will be the UK Government outlining when and how it will act on its long-standing commitment on a two-state solution; as well as how it will work with international partners to make this a reality.' Parliamentarians from Labour, the Conservatives, Lib Dems, SNP, Greens, Plaid Cymru, SDLP and independents were among those who signed the letter. Senior signatories include Labour select committee chairs Liam Byrne and Ruth Cadbury, the Lib Dem leader Sir Ed Davey, as well as Tory former minister Kit Malthouse. Ministers have faced growing calls to recognise a Palestinian state immediately amid mounting global anger over the starving population in Gaza. Sir Keir Starmer said on Friday evening that such a move needed to be part of the 'pathway' to peace in the Middle East. 'That pathway will set out the concrete steps needed to turn the ceasefire so desperately needed, into a lasting peace,' the Prime Minister said. He added: 'Recognition of a Palestinian state has to be one of those steps. I am unequivocal about that. But it must be part of a wider plan which ultimately results in a two-state solution and lasting security for Palestinians and Israelis. In a statement released on Friday alongside the leaders of France and Germany, the Prime Minister urged 'all parties to bring an end to the conflict by reaching an immediate ceasefire'. Sir Keir, French president Emmanuel Macron and German chancellor Friedrich Merz also called for Israel to stop restricting the flow of aid into Gaza.
