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White House Unveils Trump’s Opening Tax-Cut Bid

The White House made its opening bid for what officials called the “biggest tax cut” in U.S. history — with cuts that would benefit businesses, the middle class and certain high-earning individuals — but left unanswered questions about whether the plan would be paid for, or how. A list of goals for the tax overhaul, unveiled by President Donald Trump’s top economic adviser Gary Cohn and Treasury Secretary Steven Mnuchin Wednesday, calls for slashing the federal income-tax rate... 

Equity markets, euro rally in wake of French election

NEW YORK (Reuters) – Global equity markets rallied on Monday, boosting a gauge of world stocks to a record high, while the euro briefly jumped to a five-month peak against the U.S. dollar as the first round of an election in France went to the market’s preferred candidate. Centrist Emmanuel Macron took a big step towards the French presidency on Sunday by winning the first round of voting and qualifying for a May 7 runoff alongside far-right leader Marine Le Pen. The victory for the... 

Brussels and Delhi’s shared interests in the Indian Ocean

Whether due to the wealth of its natural resources, the centrality of its sea lines of communication for trade, or its propensity for conflict and natural calamities, the Indian Ocean is critical for the future of Europe and India. For too long, however, biased perceptions have hindered EU-India cooperation in this region, particularly in the Western Indian Ocean, which they share as an extended neighbourhood. New Delhi saw the EU as a strategic non-entity and thus irrelevant to security challenges... 

British parliament backs May’s plan for June 8 snap election

  LONDON (Reuters) – Prime Minister Theresa May called on parliament to back her demand for an early election on Wednesday, saying the vote was a chance to heal divisions in Britain before starting divorce talks with the European Union. May surprised allies and opponents on Tuesday when she announced her plan to bring forward an election that was not due until 2020, saying she needed to strengthen her hand in the negotiations which will reshape Britain and Europe. Addressing a rowdy... 

Oil steadies as OPEC boost offsets dent from U.S. supply

By Amanda Cooper LONDON (Reuters) – Oil steadied on Wednesday after OPEC said it was committed to eroding a global supply overhang that has dogged markets since 2014, but with U.S. output and inventories rising, analysts said prices looked vulnerable. The oil price got an early lift from comments by the secretary-general of the Organization of the Petroleum Exporting Countries, who said the group was committed to restoring market stability by bringing global inventories down to the industry’s... 

Top 5 Things to Know In the Market on Wednesday

1. FTSE struggles to hold gains for 2017 as U.K. prepares general elections The U.K. House of Commons will vote later on Wednesday on British Prime Minister Theresa May’s proposal to hold general elections on June 8 in a move designed to increase her support as Britain moves forward with negotiations to leave the European Union (EU), known as Brexit. May is widely expected to receive approval to hold the elections as the opposition party has already agreed to the proposal. Tuesday’s announcement... 

Of Course Rihanna Looked Amazing Dressed As a Human Disco Ball at Coachella

Rihanna may not have performed at this year’s Coachella Music Festival, but she definitely rocked one of the most standout looks of the weekend. The ANTI artist showed up the Empire Polo Club Saturday decked out in a crystal-encrusted bodysuit that debuted on Alessandro Michele’s Gucci Fall 2017 runway, giving her the appearance of a human disco ball. She completed the outfit with a Gucci tank top, denim cutoffs and a pair of Fenty x Puma platform sneakers. Rih shared two photos of the... 

World Leaders On Edge as President Trump Weighs Pulling U.S. Out of Paris Climate Deal

As President Donald Trump weighs whether to keep U.S. in the Paris Agreement on climate change, leaders across the globe are preparing for the potential fallout. Top White House aides are expected to meet this week to debate the new administration’s position, and a decision is expected before the end of May. During the campaign, Trump promised to pull the U.S. out of the landmark 2015 accord to curb greenhouse gas emissions. Since taking office, several influential advisors have urged him... 

‘We Have Closure.’ Facebook Murder Suspect Steve Stephens Has Killed Himself

Steve Stephens, the wanted man accused of gunning down an elderly stranger in Cleveland over the weekend and broadcasting the murder to the world, has killed himself after a brief police pursuit in Pennsylvania, state police confirmed to TIME.  The 37-year-old murder suspect was spotted Tuesday near Erie County inside his car at a McDonald’s parking lot about 11 a.m. local time, said Cleveland Police Chief Calvin Williams and Ryan Tarkowski, a spokesman for the Pennsylvania State Police.... 

High-Profile Georgia Congressional Race Heads to a Runoff

DUNWOODY, Ga. (AP) — A Georgia congressional election is headed to a runoff that will ratchet up the already significant national attention — and campaign cash — on a race that poses an early measure for President Donald Trump and both major parties ahead of the 2018 midterm elections. Democrat Jon Ossoff, a 30-year-old former congressional staffer, and Republican Karen Handel, a former Georgia secretary of state, will meet in the June 20 runoff. But as they campaign across the northern suburbs... 
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