Saudis Boost Profit at Trump New York Hotel
The Trump International Hotel in Manhattan posted a 13 percent gain in first quarter 2018 room revenue after a note from general manager Prince Sanders cited a last minute Crown Prince of Saudi Arabia visit. The letter notes a five day stay in March boosted quarterly results, while detailing limited disclosure on any payments by the Saudi government.
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Trump’s fury over Mueller conflicts started a year ago
President Trump recounted meeting with Robert Mueller in 2017 for an FBI director post and learned he would instead head the special counsel probe. He and Rudy Giuliani cited conflicts and Bias claims, raising questions about objectivity and past disputes as Mueller’s role drew ongoing scrutiny.
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U S seeks to counter China at Asia summit in Singapore
Secretary of State Pompeo arrives in Singapore on a three nation tour for ASEAN talks. He offers about 130 million in U S investment and urges partners to maintain North Korea sanctions while arguing for a free open Indo Pacific. China’s Belt and Road looms as a counterpoint.
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Chinese vows new tariffs on U S goods in standoff
China threatened to impose 5 to 25 percent duties on 5207 U S imports in response to U S tariffs on Chinese goods. Washington reported the June trade deficit widened, signaling the largest gap in a decade as Trump pushes for lower deficits and higher tariffs.
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Accountant testifies against Manafort in tax case
Cynthia Laporta testified she prepared Manafort tax returns despite concerns about classifying overseas money as loans. She admitted knowing the loan treatment was wrong and said she regrets it. Prosecutors argue Manafort hid earnings from pro-Russian Ukrainian clients.
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