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Trump steps out of the White House and into a company in crisis

Trump steps out of the White House and into a company in crisis David Fahrenthold, Jonathan O Connell Trump departs White House hours before Biden s inauguration Replay Video UP NEXT Donald Trump returns to his company this week as it faces a deepening crisis, with key properties bleeding revenue and its bankers, lawyers and customers fleeing the company. Financial disclosure forms, filed by the former president as he left office, revealed that his hotels, resorts and other properties had lost more than $120 million in revenue last year, as the pandemic forced long-term closures and kept customers home. Those losses were worst in the places where Trump could least afford it: His Washington hotel, which has a $170 million loan outstanding, saw revenue drop more than 60 percent. His Doral resort in Miami also carrying a huge debt load saw a 44 percent drop.

Donald Trump returns to a company facing a deepening financial crisis

Donald Trump steps out of the White House and into a company in crisis

Now, former US President Donald Trump returns to a business remade in the image of the country he led: Beleaguered, indebted and toxically politicised.

Fears UK aid cuts could undermine research on deadliest diseases

Last modified on Wed 23 Dec 2020 14.02 EST Experts fear a push to cut the UK’s aid budget will slash spending on global health research, handicapping international public-private programmes that have helped combat the world’s deadliest diseases over the last decade. In a letter addressed to the foreign secretary, Dominic Raab, last week, prominent parliamentarians sought reassurance that the planned cuts would not lead to “dramatic reductions” in investment for devastating diseases such as tuberculosis, malaria, Aids and a clutch of neglected tropical diseases. The letter’s signatories include the former health secretary Jeremy Hunt, the chair of the science and technology select committee, Greg Clark, the chair of the international development committee, Sarah Champion, and the Tory peer Nick Herbert, the letter’s lead signatory.

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