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    Economic Times | 02 Aug, 2023 | 08:16AM IST

    Trump News Live Updates: Trump indicted for efforts to overturn 2020 election and block transfer of power

    Trump News Live Updates: Trump indicted for efforts to overturn 2020 election and block transfer of power

    Trump News Live Updates: Donald Trump was indicted on felony charges Tuesday for working to overturn the results of the 2020 election in the run-up to the violent riot by his supporters at the U.S. Capitol, with the Justice Department moving to hold him accountable for an unprecedented effort to block the peaceful transfer of presidential power. The four-count indictment, the third criminal case against Trump, provided deeper insight into a dark chapter in American history that has already been the subject of exhaustive federal investigations and captivating public hearings. It chronicles a months-long campaign of lies about the election results and says that, even when those falsehoods culminated in a chaotic insurrection at the Capitol, Trump sought to exploit that violence by trying to further delay the counting of votes that sealed his defeat.
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    08:16 AM

    S Korean shares drop 1% on US rating downgrade; won weakens

    South Korean shares fell nearly 1% on Wednesday in a risk-off mood as a downgrade on the U.S. government's credit rating by Fitch fuelled doubts about fiscal outlook for the world's largest economy. The Korean won weakened to a three-week low, while the benchmark bond yield rose.
    08:03 AM

    Digital Personal Data Protection (DPDP) Bill, is set to be tabled in the Lok Sabha on August 3, bringing India closer to its first legislation that looks into protecting citizens' data and brings in provisions that direct how a person's data can be used by entities.

    07:53 AM

    Parliamentary Affairs Minister Pralhad Joshi is to move the Mines and Minerals (Development and Regulation) Amendment Bill, 2023 in the Rajya Sabha today for its consideration and passage to amend the Mines and Minerals (Development and Regulation) Act, 1957. The Bill was earlier passed by the Lok Sabha.

    07:50 AM

    Dollar shaky after US credit rating downgrade

    The dollar struggled to make headway on Wednesday after a cut on the U.S. government's top credit rating by Fitch raised questions about the country's fiscal outlook, though it drew some support from a relatively resilient run of economic data. Rating agency Fitch on Tuesday downgraded the United States to AA+ from AAA in a move that drew an angry response from the White House and surprised investors, coming despite the resolution two months ago of the debt ceiling crisis.
    07:48 AM

    Typhoon Khanun kills one man, knocks out power to one-third of Japan's Okinawa homes

    High winds hit power lines in Japan's popular tourist destination Okinawa, knocking out electricity to more than 200,000 households on Wednesday morning, as powerful and slow-moving typhoon Khanun neared the country's southwestern islands. So far there has been one death reported and 11 people injured. A man was crushed under a collapsed garage and went into cardiac arrest, according to the Fire and Disaster Management Agency. He was found dead, media reports said.
    06:27 AM

    An earthquake of magnitude 5.0 on the Richter Scale hit Nicobar Islands today at around 5:40 am: National Centre for Seismology

    06:16 AM

    Yellen 'strongly' disagrees with Fitch move to downgrade US rating

    US Treasury Secretary Janet Yellen expressed firm disagreement Tuesday after a downgrade to the United States' long-term ratings from AAA to AA+, following repeated debt limit standoffs in the country. "I strongly disagree with Fitch Ratings' decision," said Yellen in a statement, adding that the change announced was "arbitrary and based on outdated data" while stressing that Treasury securities remain the world's "preeminent safe and liquid asset."
    06:13 AM

    Explosions, drone debris in Kyiv, Mayor Klitschko says

    Explosions jolted the Ukrainian capital Kyiv early on Wednesday and Ukrainian anti-aircraft units were in action against attack drones, Mayor Vitali Klitschko and military officials said. Klitschko, writing on the Telegram messaging app, said that according to preliminary information, debris from a drone had fallen in the central Solomianskyi district and emergency services were already on site.
    06:13 AM

    Tunisia's President Saied dismisses PM Bouden: official

    Tunisian President Kais Saied has dismissed Prime Minister Najla Bouden, the first woman to lead a government in the North African country, according to a video from the presidency on Tuesday evening. No explanation was given. Saied immediately appointed in her place Ahmed Hachani, who until now worked at the Tunisian central bank and studied law at the University of Tunis, where Saied taught, according to Hachani's Facebook profile.
    06:12 AM

    U.S. 10-year Treasury yield falls to 4.0109% after Fitch debt downgrade

    U.S. Treasury yields edged down in Tokyo on Wednesday after ratings agency Fitch lowered the country's top credit rating. The 10-year Treasury note declined about 3.6 basis points (bps) to 4.0109% as of 0000 GMT, retracing part of its 9 bps rise from Tuesday.
    06:12 AM

    Bhubaneswar, Odisha: HR Biswas, IMD scientist says, "Several districts are likely to receive extremely heavy rainfall in the next 2 days. In the next 24 hours, heavy rainfall is likely in North Odisha districts and other districts. Fishermen have been warned not to venture into the sea..."

    06:12 AM

    French plane carrying 262 evacuees from Niger lands in Paris- AFP

    A French plane carrying 262 evacuees from Niger has landed in Paris, AFP said on Wednesday citing an airport source.
    06:11 AM

    Palestinian opens fire in West Bank settlement, wounding 6 people before being killed

    A Palestinian gunman opened fire in an Israeli settlement east of Jerusalem on Tuesday, wounding six people before being shot and killed, Israeli police said. The shooting at a mall in the sprawling Jewish settlement of Maale Adumim, in the occupied West Bank, was the latest in the most violent stretch of the Israeli-Palestinian conflict in the territory in nearly two decades. Later on Tuesday, Palestinian health officials said the Israeli military shot and killed a 15-year-old Palestinian who allegedly tried to stab soldiers in the southern West Bank, near the city of Hebron.
    06:11 AM

    Trump indicted for efforts to overturn 2020 election and block transfer of power

    Donald Trump was indicted on felony charges Tuesday for working to overturn the results of the 2020 election in the run-up to the violent riot by his supporters at the U.S. Capitol, with the Justice Department moving to hold him accountable for an unprecedented effort to block the peaceful transfer of presidential power. The four-count indictment, the third criminal case against Trump, provided deeper insight into a dark chapter in American history that has already been the subject of exhaustive federal investigations and captivating public hearings. It chronicles a months-long campaign of lies about the election results and says that, even when those falsehoods culminated in a chaotic insurrection at the Capitol, Trump sought to exploit that violence by trying to further delay the counting of votes that sealed his defeat.
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