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Pompeo praises ‘US ally’ Denmark after Trump cancels visit

Pompeo praises ‘US ally’ Denmark after Trump cancels visit

World
Media playback is unsupported on your device US Secretary of State Mike Pompeo has praised Denmark amid a public row over Greenland that saw President Donald Trump cancel a visit to the country. In a phone call with Danish Foreign Minister Jeppe Kofod, Mr Pompeo "expressed appreciation for Denmark's co-operation" as a US ally. Mr Kofod welcomed the "frank, friendly and constructive talk". It came after Mr Trump said Denmark's prime minister had been "nasty" when rebuffing his idea of buying Greenland. Mette Frederiksen had called his ambitions of buying the autonomous Danish territory "absurd". She said she was "disappointed and surprised" that he had cancelled his visit.The trip was scheduled to take place on 2 September, at the invitation of...
Trump considers new tax cut to boost US economy

Trump considers new tax cut to boost US economy

Business
President Donald Trump has confirmed he is considering a new, temporary payroll tax cut to help boost the US economy.White House officials had earlier dismissed reports that the administration was discussing the move.But speaking to reporters, the president said a "payroll tax is something that we think about, and a lot of people would like to see that".US workers pay payroll taxes on their earnings to finance health insurance, social security, and pensions.Mr Trump has been talking up the US economy in recent days amid growing unease about a potential recession. "We're very far from a recession," he told the reporters.A strong economy is seen as key to his re-election prospects in 2020, but continuing trade tensions with China have sparked concerns about...
Trump plays down fears of US recession

Trump plays down fears of US recession

Business
Donald Trump has tried to reassure markets about the risk of the US falling into a recession by saying the economy is doing "tremendously well".The US president said he did not see a recession - usually defined as when an economy shrinks for two consecutive quarters.White House economic adviser Larry Kudlow also said there was "no recession in sight".Last week, financial markets indicated a recession could be on the way.This is because it became cheaper for the US government to borrow for 10 years, rather than two. This "inverted yield curve" often comes before a recession, or at least a significant slowdown in economic growth.Are markets signalling that a recession is due?However, speaking to reporters on Sunday, Mr Trump said: "I don't see a recession. ...