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Northern Star

Northern Illinois University’s student media since 1899

 

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

Trump defense: Ukraine ‘quid pro quo’ not impeachable

By LISA MASCARO, ERIC TUCKER, and ZEKE MILLER | January 29, 2020

WASHINGTON (AP) — In a striking shift from President Donald Trump’s claim of “perfect” dealings with Ukraine, his defense asserted Wednesday at his Senate trial that a trade of U.S. military aid for political favors — even if proven — could...

Asian markets tumble as fears over virus outbreak spread

By ELAINE KURTENBACH | January 29, 2020

Shares tumbled in Asia on Thursday as concern over the impact of the virus outbreak in China deepened.Taiwan's benchmark dived 5.3% as its market reopened after the Lunar New Year. Japan's Nikkei 225 index sank 1.9% to 22,935.20, while Hong Kong's Hang...

Trump celebrates major rewrite of North American trade rules

By KEVIN FREKING and PAUL WISEMAN | January 29, 2020

WASHINGTON (AP) — President Donald Trump on Wednesday signed into law a major rewrite of the rules of trade with Canada and Mexico, celebrating the fulfillment of one of his top campaign promises while declining to share the moment with Democratic lawmakers...

Brexit deal cleared by EU Parliament; UK set to leave Friday

By RAF CASERT | January 29, 2020

BRUSSELS (AP) — The European Union grudgingly let go of the United Kingdom with a final vote Wednesday at the EU's parliament that ended the Brexit divorce battle and set the scene for tough trade negotiations in the year ahead.In an emotion-charged...

Italy, Cyprus say Turkey-Libya maritime deal ‘unacceptable’

January 29, 2020

ROME (AP) — A maritime border agreement between Turkey and Libya's U.N.-backed government is “unacceptable," violates international law and flouts the sovereign rights of other countries, the foreign ministers of Italy and Cyprus said Wednesday..Italian...

World shares mostly higher after rebound on Wall Street

By ELAINE KURTENBACH | January 29, 2020

Shares advanced in most European and Asian markets on Wednesday after a rebound on Wall Street reversed most losses from a sell-off the day before.Hong Kong's Hang Seng dropped 2.8%, to 27,174.43 after its markets reopened from Lunar New Year holidays,...

In snub to US, Britain will allow Huawei in 5G networks

By KELVIN CHAN and DANICA KIRKA | January 29, 2020

LONDON (AP) — Britain decided Tuesday to let Chinese tech giant Huawei have a limited role supplying new high-speed network equipment to wireless carriers, ignoring the U.S. government's warnings that it would sever intelligence sharing if the company...

Asian shares mostly higher after rebound on Wall Street

By ELAINE KURTENBACH | January 28, 2020

Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before.Hong Kong's Hang Seng dropped 2.4%, to 27,289.55 after reopening from Lunar New Year holidays, while other Chinese...

Autistic futures trader who triggered crash spared prison

By MICHAEL TARM | January 28, 2020

CHICAGO (AP) — A U.S. judge Tuesday sentenced a socially awkward math whiz-turned-futures trader who earned tens of millions of dollars over several years and helped trigger a U.S. stock market “flash crash” from his parents’ suburban London home...

Bad timing: New virus poses threat to fragile world economy

By PAUL WISEMAN, JOE MCDONALD, and YURI KAGEYAMA | January 28, 2020

This should be peak season for a 12-room hotel near the train station in the Chinese industrial hub of Wuhan. The Chinese New Year usually brings in plenty of travelers and delivers profits of around $3,000 a month.But the place is empty. Wuhan, the center...

Budget deficit to break $1 trillion despite strong economy

By ANDREW TAYLOR | January 28, 2020

WASHINGTON (AP) — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy.Tuesday's Congressional Budget Office report follows a burst of new spending...

Billionaire apologizes for telling Trump ‘Africa loves you’

By MOGOMOTSI MAGOME | January 28, 2020

JOHANNESBURG (AP) — A South African billionaire businessman has apologized for telling U.S. President Donald Trump that "Africa loves you" during the World Economic Forum in Davos last week.A video of Patrice Motsepe's remarks to Trump went viral on...