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Trump charged: NYC prosecutors target taxes

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Prosecutors in New York have officially charged the Trump Organisation, Trump Payroll Corporation and CFO Allen Weisselberg with 15 counts of felony.

This follows investigations into an alleged tax avoidance scheme from 2005, with the three parties being charged with a scheme to defraud, conspiracy, criminal tax fraud and falsifying business records. 

The charges were laid down by the Manhattan district attorney… with this office being the first to formally charge the former President’s company with criminal offences.

Trump has hit back at the claims, saying in a statement “the political Witch Hunt by the Radical Left Democrats, with New York now taking over the assignment, continues. It is dividing our Country like never before!”

Prosecutors say they have evidence of a 15-year tax scheme, with allegations the C-F-O evaded $1.7 million worth of income taxes.

They will rely on digital drives with grand jury testimony, bookkeeping records, tax records, and statements of potential witnesses.

The lead prosecutor says they have asked for Weisselberg’s passport to be taken as they are concerned he is a flight risk.

Meanwhile, the Trump Organisation’s main attorney believes “if the name of the company was something else, I don’t think these charges would have been brought.”

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Boeing 787 crashes in India, 242 on board

Boeing 787 Dreamliner crashes in India en route to London, injuring passengers amidst safety and production challenges for Boeing.

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Boeing 787 Dreamliner crashes in India en route to London, injuring passengers amidst safety and production challenges for Boeing.

In Short:
An Air India Boeing 787 Dreamliner crashed in Ahmedabad on June 12, 2025, while flying to London, injuring many passengers. This incident poses significant issues for Boeing, which is already dealing with safety concerns, and has prompted condolences from both Indian and U.K. leaders.

A Boeing 787 Dreamliner, operated by Air India, crashed in Ahmedabad, India, on June 12, 2025, while en route to London’s Gatwick Airport.

The aircraft departed at 1:38 p.m. local time with 230 passengers, including 169 Indians, 53 British, one Canadian, and seven Portuguese nationals.

Air India confirmed that injured passengers are being taken to nearby hospitals.

The 787 Dreamliner had operated for 14 years without a fatal incident before this crash.

Boeing response

Boeing expressed awareness of the situation and is gathering more information, although shares dropped drastically following the news.

This incident presents a significant challenge for Boeing, which has faced safety and production issues recently.

Local media reported smoke emanating from the crash site, and emergency responders were seen transporting individuals on stretchers.

The plane lost location data at 625 feet altitude and descending at 475 feet per minute before the crash.

The incident occurred in a residential area, prompting condolences from Prime Minister Narendra Modi, who stated his government will assist local authorities.

Air India, recently acquired by Tata Sons, has been navigating difficulties as the former state-run carrier.

The jet crash is part of a troubling year for aviation, following other serious incidents, including a 2018-2019 Boeing 737 MAX crash that resulted in over 300 fatalities.

U.K. Prime Minister Keir Starmer expressed concern for affected families as the situation unfolds.

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Pentagon reviews AUKUS deal to align with Trump’s agenda

Pentagon reassesses AUKUS deal to align with Trump’s America First policy amid concerns over alliance readiness and U.S. delivery capacity.

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Pentagon reassesses AUKUS deal to align with Trump’s America First policy amid concerns over alliance readiness and U.S. delivery capacity.


Pentagon Reviews AUKUS Deal to Align With Trump’s Agenda.
The Pentagon is re-evaluating the landmark AUKUS security pact between Australia, the U.S., and the U.K., aiming to ensure it fits with Donald Trump’s America First policy.

With Australia set to receive nuclear submarines under the deal, the review raises questions about alliance readiness and shared responsibility. But concerns remain about the U.S.’s capacity to deliver its end of the bargain.

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#AUKUS #Trump #Pentagon #DefencePolicy #NuclearSubs #USPolitics #AustraliaNews #Geopolitics

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Markets react as inflation cools and the Fed watches on

New US-China trade pact raises questions; cooler inflation hints at possible Fed rate cuts, while markets react to rising crude oil and a strong ASX outlook.

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New US-China trade pact raises questions; cooler inflation hints at possible Fed rate cuts, while markets react to rising crude oil and a strong ASX outlook.


A new trade pact between the U.S. and China is raising eyebrows, but experts question whether it’s a game-changer or just more of the same.

Meanwhile, inflation comes in cooler than expected again, sending signals that the Fed may cut rates twice this year. All eyes are on markets, with crude oil surging and the ASX looking strong ahead of the open.

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#USChinaDeal #Inflation #FedRates #ASX200 #CrudeOil #RBA #MarketsToday #EconomyUpdate

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