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Longtime Trump executive Weisselberg pleads guilty in tax fraud scheme
Business · New York

Longtime Trump executive Weisselberg pleads guilty in tax fraud scheme

45% Center coverage: 95 sources
Trump Organization CFO Allen Weisselberg pleaded guilty to all 15 of the charges he faced in the case. He was accused of dodging taxes on lavish fringe benefits he got from the company, including lease payments for a luxury car, rent for a Manhattan apartment and private school tuition for his grandchildren. Judge Juan Manuel Merchan agreed to sentence Weisselsberg to five months incarceration and five years probation at New York City's Rikers Island.See the Story
U.S., Taiwan to Begin Formal Talks for Trade, Investment Pact This Fall
US & Canada · Washington

U.S., Taiwan to Begin Formal Talks for Trade, Investment Pact This Fall

55% Center coverage: 85 sources
The US has announced that they will begin formal trade negotiations with Taiwan, weeks after a controversial visit by US House Speaker Nancy Pelosi. The first round of trade talks is set to take place early this fall. Discussions will cover trade facilitation, regulatory practices, anti-corruption standards, deepening agriculture trade. The announcement is expected to further fume Xi Jinping, who has previously warned President Biden on the Taiwan issue. The announcement comes after Beijing held military drills that included firing missiles into the seas around Taiwan. The U.S. has no official relations with Taiwan but maintains extensive informal contacts through the unofficial American Institute in Taiwan. Washington is obligated by federal law to see that the island has the means to defend itself.See the Story
'Just insane.' Turkey stuns markets by cutting rate despite soaring inflation
Erdogan · Ankara

'Just insane.' Turkey stuns markets by cutting rate despite soaring inflation

50% Center coverage: 12 sources
Turkey's central bank announced another interest rate cut on Thursday, reducing its key rate to 13% from 14%. The central bank cited the "weakening effects of geopolitical risks" The Turkish lira dipped against the US dollar on the back of the news. But consumers in Turkey will likely be even more concerned about 80% year-on-year inflation figures.See the Story

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