Donald Trump: Inside the Indian factories hit hard by US’s 50% tariffs | BBC News

An eerie silence hangs over N Krishnamurthy’s garment manufacturing unit in Tiruppur, one of India’s largest textile export hubs.

Only a fraction of some 200 industrial sewing machines on the floor are in operation, as workers make the last of the season’s children’s garment orders for some of the biggest US retailers.

At one end of the room, piles of fabric samples for new designs are gathering dust – casualties of US President Donald Trump’s steep 50% tariffs on India, set to kick in from Wednesday.

India is a major exporter of goods, including garments, shrimp and gems, and jewellery, to the US. Trade experts say the high tariffs – including a 25% penalty for buying Russian oil and weapons – are akin to an embargo on Indian goods.

BBC correspondents visited key export hubs across India to assess how the trade uncertainties are impacting business owners and livelihoods.

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Donald Trump orders removal of Federal Reserve governor Lisa Cook | BBC News

Federal Reserve governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, setting up a potential standoff between the president and the US central bank.

“President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” her lawyer Abbe David Lowell said in a statement.

The president has said there was “sufficient reason” to believe Cook had made false statements on her mortgage, and cited constitutional powers which he said allowed him to remove her.

The unprecedented move comes as Trump has put increasing pressure on the Fed – especially its chair Jerome Powell – over what he sees as an unwillingness to lower interest rates.

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Donald Trump likely to be arrested in coming days | BBC News

The case against Donald Trump stems from a nearly five-year-long investigation led by the Manhattan District Attorney’s office.

The probe began under then-DA Cyrus Vance Jr while Trump was still in the White House.It has since been taken over by his predecessor, Alvin Bragg, 49, who is the first person of colour elected to the office.

Bragg, who is black, claims he helped sue the Trump administration more than 100 times during its four-year term.

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BuzzFeed Backs Out of ‘Significant’ Ad Deal With RNC Over Trump’s Rhetoric | Adweek

What’s worse for our nation’s health? Donald Trump or cigarettes?

They’re about equal, per an email from BuzzFeed CEO Jonah Peretti to his employees this morning. Peretti was explaining his decision to back out of advertising deal with the Republican National Committee, pointing to the GOP presumptive nominee’s hateful rhetoric about Muslims, Mexicans and others.

Politico obtained a copy of the email, where Peretti stated that earlier this spring that BuzzFeed and RNC inked a deal to “spend a significant amount on political advertisements slated to run during the fall election cycle.”

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UK politicians debate whether to ban Trump from the country | Mashable

LONDON — Members of Parliament have begun debating the issue of banning Republican presidential candidate Donald Trump from the UK.

The scheduled three-hour session was prompted by a petition to ban him from the country as well as a counter petition saying he should be allowed in, after he made a series of controversial remarks.

The debate is being led by Paul Flynn MP, a member of the Petitions Committee. It will be on the motion: “That this House has considered e-petitions 114003 and 114907 relating to the exclusion of Donald Trump from the UK.”

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Macy’s cuts ties with Donald Trump over Mexico comments | BBC News

US retailer Macy’s has ended its relationship with Donald Trump after the businessman and presidential candidate made controversial remarks about Mexican immigrants.

The retailer has sold Trump-branded clothes since 2004 and Mr Trump has appeared in the company’s commercials.

Macy’s is the latest company to distance itself from the businessman.

TV networks NBC and Univision said they would not air the Miss USA pageant, which is co-owned by Mr Trump.

“We have no tolerance for discrimination in any form,” Macy’s said in a statement. “We welcome all customers, and respect for the dignity of all people is a cornerstone of our culture.”

In response, Mr Trump said his principles were more valuable than the clothing line, which he called a “small business in terms of dollar volume”.

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3 Who Bounced Back From Bankruptcy To Millionaires | Creditcards.com

Bouncing back after a bankruptcy may not be easy but it can be done. The most prosperous of the rebounders analyze their past shortcomings, chart a better route, then march full force into the future.

In 2013, more than 750,000 households legally escaped their financial obligations by filing Chapter 7 bankruptcy. The sense of relief that comes with unloading debt obligations is often tempered by feelings of failure. It doesn’t have to be the end of the line, though. For some, discharging debt was not the final destination, but a launching pad to a greater and more secure economic future.

Like Henry Ford and Donald Trump, the typical profile of those who bounce high after a trip to bankruptcy court is a resilient risk-taker who learns from the past. Here are just a few people who transitioned from the depths of economic despair to a soaring net worth. Everyone can learn a thing or two from their pre- and post-Chapter 7 experiences, they say — as do the experts who help the insolvent rise and shine.

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