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Time magazine names U.S. President-elect Trump Person of the Year

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WASHINGTON Time Magazine has named U.S. President-elect Donald Trump Person of the Year, citing the upheaval in American politics brought about by the election campaign and victory of the New York businessman.

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China calls Iowa governor Branstad 'old friend' after report of ambassador pick 9:23am GMT

BEIJING China said on Wednesday the governor of the U.S. state of Iowa, Terry Branstad, was an "old friend" after a report that he had accepted President-elect Donald Trump's offer to become the next U.S. ambassador to China.

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SoftBank's Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms 9:21am GMT

NEW YORK Two of Asia's biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home. | Video

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Trump on Boeing's Air Force One contract: 'Cancel order!' 7:43am GMT

WASHINGTON/NEW YORK U.S. President-elect Donald Trump urged the government on Tuesday to cancel an order with Boeing Co for a revamped Air Force One - one of the most prominent symbols of the U.S. presidency - saying costs were out of control. | Video

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United States has "enduring" interests in Asia-Pacific, defence secretary says 3:52am GMT

TOKYO The United States has "enduring" interests in the Asia-Pacific region and is working for an orderly transfer of power to the administration of President-elect Donald Trump, U.S. Defense Secretary Ash Carter said on Wednesday.

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U.S. Supreme Court backs Samsung in smartphone fight with Apple 12:59am GMT

The U.S. Supreme Court on Tuesday sided with Samsung in its big-money smartphone patent fight with Apple , throwing out an appeals court ruling that the South Korean company had to pay a $399 million (£315.2 million) penalty to its American rival for copying key iPhone designs.

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China urges U.S. to block transit by Taiwan president 06 Dec 2016

BEIJING/GUATEMALA CITY China called on U.S. officials on Tuesday not to let Taiwanese President Tsai Ing-wen pass through the United States en route to Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent.

Trump sold all his shares in companies in June - spokesman 06 Dec 2016

WASHINGTON U.S. President-elect Donald Trump sold all of his shares in companies in June, aides said on Tuesday, a move that likely raised substantial cash ahead of the presidential election and could now ease some concerns about potential conflicts of interest.

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U.S. courts look ahead to Trump as Obama cases fizzle 06 Dec 2016

WASHINGTON President Barack Obama's legal defence of some key initiatives including his signature healthcare law is collapsing as courts put cases on hold until after President-elect Donald Trump, hostile to the policies, assumes office on Jan. 20.

Trump's $4 billion figure on Air Force One is questionable - White House 06 Dec 2016

ABOARD AIR FORCE ONE The White House said on Tuesday it does not know where President-elect Donald Trump got his figure of more than $4 billion (£3.1 billion) to replace the Air Force One plane that transports presidents, a spokesman said on Tuesday.