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US ambassador to Mexico resigning in another big loss for State Department

US ambassador to Mexico resigning in another big loss for State Department

World
The U.S. ambassador to Mexico is retiring amid tense relations between the two countries - another loss of a senior American diplomat. Amb. Roberta Jacobson announced on Twitter that after 31 years of government service, she is leaving in May. A State Department official told ABC News she is resigning her position and will retire from the civil service shortly thereafter. It's another loss of a top diplomat for the State Department - the second this week after U.S. Special Representative for North Korea Joseph Yun announced on Tuesday his sudden retirement. Her departure also comes at a pivotal moment for U.S.-Mexico relations, with the seventh round of NAFTA talks underway this week and Mexican concern over new steel tariffs just announced by the White House. Tensions are high over P...
Justice Department announces charges in $500 million senior fraud schemes

Justice Department announces charges in $500 million senior fraud schemes

Finance
The Justice Department announced a broad enforcement sweep targeting financial fraud against the elderly, resulting in charges filed against more than 250 defendants.U.S. Attorney General Jeff Sessions discussed the charges during a press conference in Washington on Thursday.Justice coordinated with other law enforcement agencies, including the FBI, the Federal Trade Commission and state attorneys general, in building the cases.The perpetrators allegedly used mass mailing and telemarketing to rip off seniors, as well as individual incidences of identity theft and financial abuse by guardians."Today's actions send a clear message: We will hold perpetrators of elder fraud schemes accountable wherever they are," said Sessions.The defendants allegedly harmed more than a million victims, most o...
State Department approves $3.2B missile sale to Sweden

State Department approves $3.2B missile sale to Sweden

Business
Feb. 22 (UPI) -- The U.S. State Department on Wednesday said it has approved a possible foreign military sale to Sweden of Patriot Configuration-3 Modernized Fire Units.The Defense Security Cooperation Agency notified Congress of the $ 3.2 billion sale, for which Raytheon and Lockheed Martin are the primary contractors.The possible foreign military sale would provide Sweden with four Patriot Configuration-3+ Modernized Fire Units consisting of 100 Patriot MIM-104E Guidance Enhanced Missile-TBM missiles, 200 Patriot Advanced Capability-3 Missile Segment Enhancement missiles, and other equipment and technology to aid in the firing process.The deal also includes communications equipment and technical publications, along with training equipment. Use of the Patriot units will require approximat...
State Department approves $133.3M missile sale to Japan

State Department approves $133.3M missile sale to Japan

Business
Jan. 10 (UPI) -- The State Department has approved the potential $ 133.3 million foreign military sale of Standard Missile-3 Block IIA missiles to Japan.The deal, announced on Tuesday, is set to provide the government of Japan with four Standard Missile-3 Block IIA missiles, along with four Mk 29 missile canisters, if approved by the U.S. Congress, which has been notified of the potential sale.The contract will also provide U.S. government and contracted technical assistance, along with transportation, engineering and logistics support services, the Pentagon said in a press release.The Raytheon produced Standard Missile-3 Interceptor is a defensive weapon used to destroy short and intermediate-range ballistic missiles. The missiles are fired out of the Mk 29 Sea Sparrow Guided Missile Laun...
America’s Department of Commerce imposes a tariff of 292% on Bombardier’s C-Series jets

America’s Department of Commerce imposes a tariff of 292% on Bombardier’s C-Series jets

Finance
A YEAR ago Dennis Muilenburg, the chief executive of Boeing, the American aerospace giant, had a problem. Tweets written by Donald Trump, America’s newly elected president, were hitting Boeing’s share price. Initially buoyed by Mr Trump’s promise of extra spending on defence, the firm's share price fell in December 2016 when he suggested in a tweet that an order for new presidential planes worth $ 4bn should be cancelled. After the president elect picked a fight with Lockheed Martin, a rival planemaker, Boeing’s executives were left in fear of being the next target.And so, it seemed, Mr Muilenburg came up with a plan. Boeing would snuggle up to Mr Trump’s “America First” agenda to avoid the flack. Boeing started to stress in its press releases how many American jobs it was creating; it ask