With Iran’s economy in free fall, the country’s currency is getting dragged down too and continues to find new depths with the regime facing a major cash crunch soon. The U.S. naval blockade has sent Iran’s oil exports to virtually zero, while its Persian Gulf neighbors have boosted their own shipments under the protection of
President Donald Trump offered to sell weapons to China during President Xi Jinping’s recent summit in Washington, a move foreign policy experts said makes a mockery of U.S. warnings about the looming Chinese military threat. In an interview with Fox News Sunday, David Purdue, the U.S. ambassador to China, suggested U.S. weapons are open to
AUSTIN, Texas — The owners of Camp Mystic have proposed selling off the riverfront property in bankruptcy with hopes that a buyer will preserve the camp’s “historic mission” after the death of 27 campers and counselors swept away by a 2025 flood. The century-old private Christian girls’ camp filed a Chapter 11 bankruptcy reorganization plan
Representative Raja Krishnamoorthi of Illinois, a Democrat, opposed the sale on Thursday. He warned “it could put the crown jewels of American military technology within reach of the Chinese Communist Party”. Other Democratic lawmakers and some American defence officials have raised similar concerns about giving F-35s to Saudi Arabia. They said Riyadh might share the
WASHINGTON — The top Democrat on the House Foreign Affairs Committee said Wednesday that he’s going to block a proposed sale of $2.8 billion in heavy weaponry to Israel over concerns that the powerful bombs may not be used in line with U.S. and international law. Rep. Gregory Meeks of New York said he would
While shifting away from its closest business partner will prove a test for Carney, the former central banker has an address book full of the world’s biggest business bosses and is on first-name terms with many of them. “These were personal invites in many cases, literally,” said Goldy Hyder, president and chief executive of the
