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Trump confirms US is withdrawing from another major arms treaty

Trump confirms US is withdrawing from another major arms treaty

Washington (CNN)President Donald Trump confirmed the US will be exiting the , a pact designed to reduce the risk of military miscalculations that could lead to war, and said Russia's actions had prompted him to take the decision."Russia didn't adhere to the treaty, so until they adhere, we will pull out," Trump told reporters outside the White House Thursday. The President predicted that the US withdrawal would force Moscow back to the table. "There's a chance we may make a new agreement or do something to put that agreement back together," Trump said. "I think what's going to happen is...

May 21, 2020
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Military puts police units on alert for possible deployment to Minnesota for protests

Military puts police units on alert for possible deployment to Minnesota for protests

(CNN)The US military on Friday ordered several police units to be ready for potential deployment to Minnesota as the state experiences .Three defense officials confirmed to CNN that military police units at three US bases -- Fort Riley in Kansas, Fort Bragg in North Carolina and Fort Drum in New York -- have received "prepare to deploy" orders should request federal assistance. A separate official told CNN any units from Fort Drum would be drawn from the 10th Mountain Division.Defense Secretary Mark Esper and Joint Chiefs Chairman Gen. Mark Milley "have personally spoken with Governor Walz...

May 30, 2020
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Trump singles out Texas and Florida for help with coronavirus response | CNN Politics

Trump singles out Texas and Florida for help with coronavirus response | CNN Politics

By , and , CNNLink Copied!Ad Feedback — President Donald Trump agreed to continue paying for the full cost of National Guard troops deployed to help with the coronavirus response in just two states – Texas and Florida – after their Republican governors appealed directly to him.Other states will now have to pay a quarter of the cost of National Guard deployments in their states, despite their governors also requesting the federal government continue to foot the entire bill. A White House official said Trump made an exception for Texas and Florida because their governors – who enjoy...

August 4, 2020
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Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors' funds with him

Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors' funds with him

Key PointsLONDON — A Turkish cryptocurrency exchange is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that their funds have been stolen.Thodex, a crypto firm based in Turkey, said its platform has been "temporarily closed" to address an "abnormal fluctuation in the company accounts," according to a translated statement on its website.Local media reports say that Faruk Fatih Ozer, Thodex's founder, has flown to Albania, taking $2 billion of investors' funds with him. Demiroren News Agency a photo of what it said was Ozer leaving Istanbul Airport.A...

April 23, 2021
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Dogecoin spikes 400% in a week, stoking fears of a cryptocurrency bubble

Dogecoin spikes 400% in a week, stoking fears of a cryptocurrency bubble

Key PointsIn this articleDogecoin spiked 400% in a week, fueling fears of a cryptocurrency bubble started out as a joke. Now it's a top 10 digital currency worth $40 billion.The cryptocurrency is based on the "Doge" meme, which rose to popularity in late 2013. The meme portrays a Shiba Inu dog alongside nonsensical phrases in multicolored, Comic Sans-font text.Created in 2013 by software engineers Billy Markus and Jackson Palmer, dogecoin was intended to be used as a faster but "fun" alternative to . It has since found a growing community online.And now, defying all odds, dogecoin has a...

April 16, 2021
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Amazon-backed Deliveroo tanks in London market debut

Amazon-backed Deliveroo tanks in London market debut

Key PointsIn this articleLONDON — Shares of British food delivery start-up plunged in its stock market debut Wednesday, as the company faces pressure from top investors and trade unions over workers' rights.Deliveroo, which is backed by , saw its shares sink around 30% in early deals compared to the issue price, before trimming some losses. Shares were down 26% by the market close.The company priced its shares at £3.90 ($5.36) Tuesday, giving it an expected market value of £7.59 billion, which was at the bottom end of its IPO target range.But the company's share price fell as low as £2.73...

March 31, 2021
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UK start-up funding platforms scrap $190 million merger amid competition concerns

UK start-up funding platforms scrap $190 million merger amid competition concerns

Key PointsLONDON — British start-up crowdfunding platforms Crowdcube and Seedrs agreed Thursday to terminate their £140 million ($192 million) merger, a day after regulators raised competition concerns with the deal.The U.K. Competition and Markets Authority on Wednesday it was inclined to block the deal, claiming it would lead to a "substantial lessening of competition" in the equity crowdfunding space. Were the two businesses to combine, they would control at least 90% of the market, the CMA said.Crowdcube and Seedrs first in October. The two platforms have been used by a number of...

March 25, 2021
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Amazon-backed Deliveroo seeks valuation of up to $12 billion in its London IPO

Amazon-backed Deliveroo seeks valuation of up to $12 billion in its London IPO

Key PointsIn this articleLONDON — British food delivery firm Deliveroo is seeking a valuation of up to £8.8 billion ($12.2 billion) in its upcoming initial public offering in London.The company, which is backed by , set a price range of between £3.90 and £4.60 per share for its blockbuster IPO, implying an estimated market cap of between £7.6 billion and £8.8 billion.Deliveroo's market debut is set to be one of the biggest U.K. listings in years. The company announced earlier this month, giving the U.K. capital a big win after Brexit as it aims to lure more high-growth tech companies.A...

March 22, 2021
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Apple faces antitrust probe in the UK over its App Store rules

Apple faces antitrust probe in the UK over its App Store rules

Key PointsLONDON — The U.K.'s competition regulator on Thursday launched an antitrust investigation into .The Competition and Markets Authority said it would investigate Apple over complaints from software developers about the tech giant's App Store.Apple only lets developers release iPhone and iPad apps through its iOS smartphone platform. The firm has a rigorous approval process for iOS apps and has faced criticism about fees of up to 30% which it charges on in-app transactions."Millions of us use apps every day to check the weather, play a game or order a takeaway," said Andrea Coscelli,...

March 4, 2021
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Dozens of Republicans urge Trump not to cut number of US troops in Germany | CNN Politics

Dozens of Republicans urge Trump not to cut number of US troops in Germany | CNN Politics

By , and , CNNLink Copied!Ad Feedback — Nearly two-dozen Republicans on the House Armed Services Committee are pushing back on a White House plan to , according to a new letter sent to President Donald Trump on Tuesday.Rep. Mac Thornberry, the top Republican on the panel, was joined by 21 other Republicans on the committee in urging Trump not to significantly reduce the number of US forces in Germany.The letter comes after a defense official told CNN last week that the White House has asked for a substantial reduction of US military personnel stationed in the country. The official...

March 10, 2019
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