Dollar Faces Further Falls After Hitting 3-Year Low

 The dollar hits a three-year low and faces further falls if President Trump selects a replacement for Federal Reserve Chair Jerome Powell early, MUFG Bank’s Lee Hardman says in a note. The Wall Street Journal reported that Trump was toying with this idea amid frustration over Powell’s careful approach to interest-rate cuts. An early replacement could be used to…

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Thailand moves to re-criminalise cannabis in blow to $1bn industry

The order to restrict cannabis use for medical purposes only must pass another hurdle before becoming law The Thai government is moving to tighten rules around the sale of cannabis, just three years after the kingdom decriminalised recreational use of the popular substance. Thailand’s Ministry of Public Health on Tuesday night ordered that cannabis use be restricted to…

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Former Venezuelan spymaster pleads guilty to US drug trafficking charges

Hugo Carvajal pleads guilty to four criminal counts including narcoterrorism conspiracy, conspiracy to import cocaine. A former director of Venezuelan military intelligence has pleaded guilty to drug trafficking and narcoterrorism charges in a United States federal court, according to the Justice Department, a week before his trial was set to begin. Hugo Carvajal, who served…

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