Sri Lanka's parliament votes to fire country's police chief over abuse of power
In the 225-member parliament, 117 lawmakers voted to fire Deshabandu Tennakoon. No one opposed, while one member abstained.
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Associated Press
8 minutes ago
- Associated Press
Iran executes man accused of spying for Israel and another for planning IS group sabotage
DUBAI, United Arab Emirates (AP) — Iran executed two men in separate cases Wednesday, accusing one of spying for Israel and another of being a member of the Islamic State group, state media reported. A report by the judiciary news website Mizanonline identified the alleged spy as Rouzbeh Vadi, who was accused of relaying classified information to Israel's intelligence service, the Mossad. Authorities said Vadi provided information about an Iranian nuclear scientist who was killed during Israel's June airstrikes on Iran, according to the report, which did not identifying the scientist or the time and place of Vadi's arrest. Vadi met the Mossad officers five times in Vienna, Austria, the report said. Israel's ambassador to France, Joshua Zarka, said in June that Israel's 12-day war on Iran included targeted strikes that killed at least 14 physicists and engineers involved with Iran's nuclear program. Iran has hanged seven people for espionage during the conflict with Israel, sparking fears from activists that the government could conduct a wave of executions. Iran separately hanged a member of Islamic State group on Wednesday after he was convicted of plotting sabotage, Mizanonline reported. Officials accused Mehdi Aghazadeh of being a member of the Islamic State group who participated in military training in Syria and Iraq before illegally entering Iran with a four-member team who were killed in a fight with Iranian security, the news site reported. Authorities said Iran's Supreme Court upheld the sentences of lower courts and followed full legal procedures before executing both men, Mizanonline reported.
CNBC
9 minutes ago
- CNBC
CNBC Daily Open: Little sign of Trump shifting gears in his interview
U.S. President Donald Trump joined CNBC's "Squawk Box" Tuesday for a lengthy interview that touched on tariffs, the Federal Reserve, the state of Russia's economy and being rejected as a customer by JPMorgan Chase and Bank of America. For those pressed for time and want a very broad TL;DR: Trump appears to be digging in on his policies. With modified country-specific "reciprocal" tariffs due to start Aug. 7 — and duties on India to be raised within the next 24 hours, according to Trump's comments during the interview — the Trump administration seems to be turning its attention to sectoral ones. Trump told CNBC that he will announce his tariff plan for semiconductors "within the next week or so." Additionally, he will impose "a small tariff" on pharmaceutical imports before ratcheting it up to 250% within a year and a half. The U.S. president doesn't look like he's backing down from his feud with the central bank, either. Days after the Fed chose to hold interest rates, Trump discussed his potential candidates to replace Jerome Powell as Fed chair. While Treasury Secretary Scott Bessent has taken himself out of consideration, among possible contenders are former Governor Kevin Warsh and Kevin Hassett, the National Economic Council director. "Both Kevins are very good," Trump said. Whichever Kevin — or "other people that are very good, too," in Trump's words — assumes the role when Powell's term ends in May 2026 (or is truncated earlier, depending on Trump's moves), they would have to help prop up an economy that seems to be slowing, as indicated by July's startling jobs report and ISM Services index. Semiconductor tariffs in the works. In an interview with CNBC, Trump said he will announce new tariffs on semiconductors as soon as next week. He also said he'd impose a "small tariff" on pharmaceuticals before raising it to as high as 250%. OpenAI is in talks that value it at around $500 billion. According to two sources with knowledge of the matter, OpenAI is discussing a potential secondary sale of stock by current and former employees. Its last funding round valued the company at $300 billion. India's central bank holds rates at 5.5%. The Reserve Bank of India's decision came in line with expectations from a Reuters poll of economists, and was unanimous, according to RBI Governor Sanjay Malhotra. Major U.S. stock indexes pull back. Stocks retreated Tuesday on ISM data that indicated the services sector nearly shrank in July. Asia-Pacific markets traded mixed Wednesday, with Asian chip stocks falling on Trump's semiconductor tariff threats. [PRO] Topping expectations might not be enough. Even though the S&P 500 is on track for second-quarter earnings growth of almost double digits, compared with a year earlier, investors are giving a muted response, according to Goldman Sachs. War-weary Syria will be hurt further by Trump's 41% tariff rate — the highest on earth In May, speaking to a rapt crowd in the Ritz-Carlton Riyadh, U.S. President Donald Trump stunned listeners by announcing he would be ordering the full lifting of U.S. sanctions on Syria, many of which had been in place for decades. "Now, it's their time to shine ... Good luck Syria," Trump said. Less than three months later, the Trump administration hit Syria with the highest tariff rate of any country in the world: 41%.
Yahoo
36 minutes ago
- Yahoo
Japan says US investments under trade deal will be determined by benefits for Tokyo
TOKYO (Reuters) -Japan's promised $550 billion in U.S. investments under the trade deal struck last month will be determined by whether they will benefit Tokyo too, the Asian nation's top tariff negotiator said on Tuesday. Ryosei Akazawa's comments came after U.S. President Donald Trump, in an interview with CNBC on Tuesday, compared the promised Japanese investment to "a signing bonus that a baseball player would get," adding, "that's our money. It's our money to invest, as we like." Washington struck a trade deal with Tokyo in July that sets a reduced rate of tariffs on Japanese goods, including autos, of 15% in exchange for a $550 billion package of U.S.-bound investments and loans. Speaking to reporters on arrival in Washington, Akazawa described the financial package as "a commitment to invest in the U.S. where there are benefits for Japan as well", like for building a supply chain in economic security areas. "At the very least, we can't cooperate on anything that does not benefit Japan," Akazawa said in his first visit to the U.S. since the two countries reached the deal. Akazawa, however, added Trump will play a significant role in determining which projects to pursue as the money will be used for investments within the U.S., and his desire to build a supply chain will be reflected in them. "It's not acceptable to ignore the U.S.'s intentions," he said. During his visit, Akazawa will seek to press his U.S. counterparts for a quick implementation of the agreed cut to tariffs on auto imports from Japan. He also told reporters he would seek an explanation from U.S. officials on the problem of "stacking", where goods can be affected by multiple tariffs. A Federal Register attached to Trump's July 31 executive order that addressed tariff rates for many trading partners showed a "no stacking" condition applies to the European Union, but no such clarification was issued for Japan. "It's different from what we've heard from the U.S. side," Akazawa said. "We'll request that the agreed-upon content be implemented." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
