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US seeking to negotiate a treaty with Iran

WASHINGTON: The United States is seeking to negotiate a treaty with Iran to include Tehran’s ballistic missile program and its regional behaviour, the US special envoy for Iran said on Wednesday ahead of UN meetings in New York next week. Iran has rejected the US attempts to hold high-level talks since President Donald Trump tore up a nuclear deal between Tehran and six world powers earlier this year. Secretary of State Mike Pompeo listed a dozen demands in May that he said could make up a new agreement, although Hook’s…

US Senate rejects Trump immigration plan

WASHINGTON: The US Senate rejected a series of bills to protect “Dreamer” immigrants on Thursday, leaving in limbo the future of 1.8 million young adults brought to the United States illegally as children. The Senate failed to get the 60 votes needed to move forward on four separate proposals, including one backed by President Donald Trump and a bipartisan bill that had been considered the most likely to survive the deeply divided Senate. But Trump slammed the bipartisan measure as “a total catastrophe” and backed a…

US Senate to spotlight virtual currencies as bitcoin plunges

WASHINGTON: Digital currencies such as bitcoin will be in the spotlight again on Tuesday as lawmakers in the U.S. Senate question top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), and Jay Clayton, chairman of the Securities and Exchange Commission (SEC), will give testimony to the Senate Banking Committee amid growing global unease about the risks virtual currencies pose to investors and…

Franken announces to resign from US Senate after sexual misconduct claims

WASHINGTON: US Senator Al Franken said Thursday he will resign in the face of multiple accusations of sexual misconduct against him, becoming the second prominent Democrat to be forced out in a week over the snowballing harassment allegations convulsing the country. Franken -- a former comedian who made his name on the popular late-night show "Saturday Night Live" -- announced his decision in an emotional yet somewhat defiant address from the floor of the Senate, where dozens of his colleagues had demanded he step down.…