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Newsom Adds Allies to High-Speed Rail Board as Fresno’s Tom Richards Exits

A sudden change at the High-Speed Rail Authority board means the end of prominent Fresno developer Tom Richards' longtime position overseeing the controversial transportation project. On Friday, Newsom announced appointments for close political allies Jason Elliott and Steve Kawa, filling vacancies left by outgoing board chair Richards and board vice...

US Issues New Sanctions Over Iran’s Oil Shipments to China

The U.S. government on Monday announced sanctions against three people and nine companies, including four based in Hong Kong and four in the United Arab Emirates, for aiding Iran's shipment of oil to China. The ninth company is based in Oman. The Treasury move follows sanctions announced on Friday on...

European Union Hits Israeli Settlers With Sanctions

European Union foreign ministers agreed to impose sanctions on Israeli settlers accused of violent attacks on Palestinians on Monday, breaking months of political deadlock over such a move. The move comes after months of delay caused by Hungary and sends a clear signal. The defeat of Viktor Orban, Hungary’s former...

US Senate Committee Set to Consider Long-Awaited Crypto Bill This Week

U.S. senators are set to consider long-awaited legislation that would create a regulatory framework for cryptocurrency on Thursday, potentially ending a deadlock over the bill that pitted crypto companies against U.S. banks. The bill, dubbed the Clarity Act, would, if signed into law, clarify financial regulators' jurisdiction over the burgeoning...

Dollar Edges up as Trump Rejects Iran Peace Move

The dollar was slightly higher on Monday, but off earlier highs after U.S. President Donald Trump rebuffed Iran's response to a U.S. peace proposal, which kept concerns about an extended war intact and lifted oil prices. Trump said on Monday that a ceasefire with Iran was "on life support" after...