Press Digest: Wall Street Journal - August 26

Korean Air Lines Co

26/08/2025 06:03

Aug 26 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- President Trump said he is removing Federal Reserve governor Lisa Cook, citing allegations that Cook submitted fraudulent information on mortgage applications.

- South Korea's Hyundai Motor Group 005380.KS said it will increase U.S. investment to $26 billion through 2028 to expand its presence in the market.

- Korean Air Lines 003490.KS will purchase 103 airplanes from Boeing BA.N for $36.2 billion, as part of a $50 billion investment in U.S. aviation.

- Senior Chinese trade negotiator, Li Chenggang, will visit Washington this week for talks, marking the first round of trade negotiations in the U.S. capital.

- President Donald Trump said the U.S. will increase tariffs and impose export restrictions on countries that tax or regulate U.S. tech firms.

    - Perplexity will pay publishers from a $42.5 million revenue pool for news articles that the artificial-intelligence company uses to answer queries.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))