World Business Report

Federal Reserve governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, marking a major escalation in the president's battle with the US central bank. So does President Trump have the power to fire the governor? Roger Hearing hears from a legal expert. And in just a few hours’ time, unless there's a last-minute change of heart, Indians will be dealing with 50% tariffs on most exports to the United States. It's punishment for New Delhi's purchases of Russian oil, which Washington argues helps finance Moscow's war in Ukraine.