News 

Shanahan said he has a great deal of discretion in deciding how to use the power granted to him by Trump’s declaration.

“The former Boeing executive said he would be working out details starting Sunday, emphasizing that his mission is to support the border security needs of the Department of Homeland Security” reports huffpost.com. The law allowing a repurposing of military construction funds during a national emergency says the secretary of defense is authorized “to determine whether border barriers are necessary to support the use of the armed forces” in an emergency.It was his first trip abroad as the acting secretary of defense. Source: huffpost.com

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News 

President Trump plans to meet with members of his trade team Saturday to receive an update on ongoing negotiations with China, the White House said.

“President Trump plans to meet with members of his trade team Saturday to receive an update on ongoing negotiations with China, the White House said” reports washingtonexaminer.com. Press secretary Sarah Sanders said Trump will meet at his Mar-a-Lago resort in Florida with Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, chief of staff Mick Mulvaney, and trade adviser Peter Navarro.Trump has pledged to raise tariffs on $200 billion worth of Chinese goods — to 20 percent, compared to 10 percent currently — if the U.S. and China cannot reach an…

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GBP News 

Letters: Britain can have better transport without wasting more money on HS2

“Just some of the money saved could be used to provide high-speed broadband throughout Britain, which would transform the economy” writes Tom Welsh for telegraph.co.uk. SIR – The Government should cancel the vanity project that is HS2, which is now expected to cost £100 billion.The savings could be used to improve current transport, while investment in the North could be encouraged through tax breaks.SIR – There is now so much doubt about the merits of HS2 that the project should be abandoned immediately before any more money is wasted. Source: telegraph.co.uk

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News 

Amazon paid no federal taxes on $11.2 billion in profits last year, according to group’s analysis

“That would place the company’s effective federal tax rate below the rate paid by the poorest 20 percent of American households, which had an effective federal tax rate of 1.5 percent in 2015, according to the Tax Policy Center” writes Christopher Ingraham for sun-sentinel.com. Like many other large companies, Amazon reduces its effective tax rate each year using a variety of credits, rebates and loopholes.That would represent nearly half of the total federal tax bill levied on the company’s profit of $11.2 billion, he said.It is the second year in…

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News 

IMIDRO to put 129 projects worth $17.8b into operation by 2022

“The projects will create direct jobs for over 40,000 persons in 30 provinces” reports tehrantimes.com. As reported, boosting production, creating jobs, providing infrastructure and making joint venture with the private sector are the main pivots of IMIDRO’s plans.Given the policies of IMIDRO, planning for stable development of the chain of products, taking the most benefits of the private sector’s capabilities, cooperation with the guilds and associations, reducing the risk of investment making, and indigenization of technology will be taken into account once implementing the mentioned 129 projects. Source: tehrantimes.com

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News Oil 

India imports 270,500 bpd of Iranian oil in January

“TEHRAN- India imported 270,500 barrels per day (bpd) of oil from Iran in January, ship tracking data reviewed by Reuters showed” reports tehrantimes.com. India is restricted to buying 300,000 bpd of oil from Iran, but January’s import was below this figure as some cargoes were delayed.The U.S. imposed new sanctions on Iran’s oil sector in November but gave a six-month waiver to eight countries, including India, which allowed them to import some Iranian oil.India’s January imports from Iran were 10.4 percent lower than December, the tanker arrival data showed. Source: tehrantimes.com

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News 

Why did company collapse and what are passengers’ options?

“This winter is proving extremely cruel to small airlines, which have high fixed costs and, currently, very low revenues” writes Simon Calder for independent.co.uk. With passengers spoiled for choice and keen to find low fares, airlines with high costs – as small regional airlines tend to be – watch their passengers disappear to bigger rivals.Small regional airlines based in the UK are particularly vulnerable.The very small number of passengers whose bookings were made as part of a package holiday should contact the tour operator to discuss options. Source: independent.co.uk

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