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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters Top News

Harvard revokes Parkland shooting survivor's acceptance over racial slurs

Mon, Jun 17, 2019

Harvard University has rescinded its admission offer to a survivor of the 2018 massacre at a Florida high school over his past use of racial slurs in an online document posted on Twitter, the student said on Monday. ...

U.S. firms say China tariffs will raise costs, with few sourcing alternatives

Mon, Jun 17, 2019

A broad range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics, and other consumer goods as the Trump administration prepares 25% tariffs on remaining U.S.-China trade. ...

As promised, Trump slashes aid to Central America over migrants

Mon, Jun 17, 2019

U.S. President Donald Trump's administration announced on Monday plans to permanently divert hundreds of millions of dollars in aid to El Salvador, Guatemala and Honduras, after Trump blasted the three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico. ...

Around two million Canadians cheer Raptors in NBA victory parade

Mon, Jun 17, 2019

Around two million Toronto Raptors fans lined the streets of downtown Toronto to cheer on their hometown heroes in a victory parade on Monday to celebrate their first NBA championship that united Canada through basketball. ...

Egypt's ousted Islamist president Mursi dies after court hearing

Mon, Jun 17, 2019

Former Egyptian president Mohamed Mursi, the first democratically elected head of state in Egypt's modern history, died on Monday aged 67 after collapsing in a Cairo court while on trial on espionage charges, authorities said. ...

Islamist Mursi briefly made history as Egypt's first democratically elected president

Mon, Jun 17, 2019

When Mohamed Mursi, a leader of Egypt's Muslim Brotherhood, broke out of jail during the final days of Hosni Mubarak's presidency in 2011, he little imagined that the following year he would be president and, another year on, behind bars again. ...

Qatar's emir offers condolences to former Egyptian president Mursi's family

Mon, Jun 17, 2019

Qatar's emir, Sheikh Tamim bin Hamad Al Thani, offered condolences in a tweet on Monday to the family of former Egyptian president Mohamed Mursi "and the brotherly Egyptian people". ...

Iran says it will breach uranium limit, U.S. denounces 'nuclear blackmail'

Mon, Jun 17, 2019

Iran announced on Monday it would soon breach limits on the amount of enriched uranium it can stockpile under a 2015 international agreement, in a new point of contention with the United States, which accused Tehran of "nuclear blackmail." ...

Egyptian prosecutor: Mursi collapsed in cage in court, no sign of injury

Mon, Jun 17, 2019

Egypt's public prosecutor said on Monday that ousted Islamist president Mohamed Mursi had collapsed in a cage in the court after addressing the tribunal and had been pronounced dead in hospital at 4:50 p.m. (1450 GMT). ...

Fed likely to resist pressure to cut U.S. rates this week

Mon, Jun 17, 2019

The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year. ...

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