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Philippines President Rodrigo Duterte(Photo: Tang Chhin Sothy, AFP/Getty Images) President Rodrigo Duterte threatened Saturday to terminate a pact that allows U.S. troops to visit the Philippines, saying “bye-bye America” as he reacted with rage to what he thought was a U.S. decision to scrap a major aid package over human rights concerns. A U.S. government aid agency, the Millennium Challenge Corporation, said earlier in the week that […]

Memories of Home Two weeks later, Mrs. Mohammad and her two daughters were propelled into a local Walmart by Bayan’s sheer force of will. She longed for a pair of sparkly purple sneakers, and begged, nagged and nearly cried until her mother agreed. As they navigated the aisles, mother and daughters looked like members of two different families. Mrs. Mohammad wore her head scarf, neck-to-toe gown and […]

15 December 2016 Baar (CH)/Ras al Khaimah (UAE)/Nairobi (Kenya), December 15th, 2016 – Today Swiss International signed a management agreement with Mlima Kenya Holiday Homes Ltd to co-develop and manage a “one-of-a-kind” resort, located at the scenic foothills of Mount Kenya at Naro Moru. The agreement was signed at the Swiss International Lenana-Nairobi that opened its doors earlier in December. Present at the signing were Mr. Ronald […]

Following yesterday’s biggest, market-moving geopolitical event, in which a US oceanographic vessel had its underwater drone “stolen” by a Chinese warship “literally right in front of the eyes of the American crew”, we predicted that everyone would be eagerly waiting for Trump to chime in on the topic, and further escalating the diplomatic spat between the two nations which now involves China confiscating US marine drones, the […]

Wherever she travels, Christine Lagarde receives head of state treatment. But back home in Paris this week, in the chamber where Marie-Antoinette was sentenced to death by guillotine during the French Revolution, the chief of the International Monetary Fund faced unimpressed judges and uncompromising former colleagues. For five days in the small, wood-panelled room, she gave evidence and listened to damning testimonies that pointed to her alleged […]

Where there was discord, Donald Trump has remarkably brought harmony. He has brought peace between the markets and Janet Yellen, as traders at last appear to believe her forecast for interest rates over the next year. The Federal Reserve says it intends to raise rates three times next year, and the market implicitly, through Fed Funds futures, puts the chance of this happening at almost exactly 50 […]

BEIJING China expects a smooth resolution to the seizure by its navy of “unidentified” equipment found in the South China Sea, a state-run newspaper said on Saturday, after U.S. officials said a Chinese warship had taken a U.S. underwater drone. The drone was taken on Thursday, the first seizure of its kind in recent memory, about 50 nautical miles northwest of Subic Bay off the Philippines just […]

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BEIJING Beijing’s city government has ordered 1,200 factories near the Chinese capital, including an oil refinery run by state oil major Sinopec and a Cofco food plant, to either shut or cut output following its highest possible air pollution warning. Environmental authorities issued a red alert that started on Friday night and will run until Wednesday after warning of a smog build-up across China’s north. That will […]

By Roberta Rampton and Jeff Mason | WASHINGTON WASHINGTON President Barack Obama said on Friday it was fine for President-elect Donald Trump to review Washington’s “one-China” policy toward Taiwan, but he cautioned that a shift could lead to significant consequences in the U.S. relationship with Beijing. “For China, the issue of Taiwan is as important as anything on their docket,” Obama told a news conference. “The idea […]

Shock is a matter of perspective and expectation. Imagine a time traveller stepped through the door a year ago and said the UK would vote to leave the European Union, a presidential candidate who advocated debt renegotiation would be headed for the White House, and Italy would reject the reforms of Prime Minister Matteo Renzi. Who would have predicted a worldwide bull market for stocks and bonds? […]

President Barack Obama’s vow to retaliate against Russia’s alleged interference in the American election raises the prospect that he will impose new sanctions or conduct some form of cyber operations against Russia before he leaves office on January 20. Under pressure from many Democrats for not having done more to push back and deter Russia during the election campaign, the White House is now preparing a new […]

Short takes and quick hits for the week of November 11-17, 2016. ‘Yahoo is not safe to use,’ former company engineer says Posted December 16, 2016 14:10 PST An absolutely brutal article in The Parallax by Seth Rosenblatt. After a second data breach involving as many as a billion users, what should users do? Let’s just say there aren’t many advocates for the company right now. Here’s […]

By Roberta Rampton and Jeff Mason | WASHINGTON WASHINGTON U.S. President Barack Obama on Friday strongly suggested that Russian President Vladimir Putin personally oversaw the computer hacks of Democratic Party emails that American intelligence officials say were aimed at helping Republican Donald Trump win the Nov. 8 election. At a pre-Christmas press conference, Obama levelled a fierce attack against Russia, calling it a smaller and weaker country […]

Washington has protested to Beijing over a US Navy underwater drone being seized by the Chinese navy in the South China Sea, marking a sharp escalation in already rising tensions between the two countries. China claims sovereignty up to the ‘Nine-dash’ line A US defence official said the device was grabbed as it was being operated by the USNS Bowditch, a survey vessel. The Obama administration issued […]

Submitted by MN Gordon via EconomicPrism.com, Stimulus, in a general sense, is something that causes an action or response.  A ringing alarm clock may prompt someone to exit their slumber.  Or a fist to the gut may force someone to gasp for breath. Stimulus can come in many forms and varieties.  It can come in the form of a stick; do this and you won’t get whacked […]

MANILA Philippine President Rodrigo Duterte told the United States on Saturday to prepare for repeal of an agreement on deployment of troops and equipment for exercises, declaring “bye-bye America”, and we don’t need your money. But Duterte suggested relations could improve under a President Donald Trump. “I like your mouth, it’s like mine, yes Mr President. We are similar and people with the same feathers flock together.” […]

WASHINGTON A Chinese Navy warship has seized an underwater drone deployed by an American oceanographic vessel in international waters in the South China Sea, triggering a formal demarche from the United States and a demand for its return, a U.S. defense official told Reuters on Friday. The incident — the first of its kind in recent memory — took place on Dec. 15 northwest of Subic Bay […]

General Motors seems determined not to get sidelined by the recent flurry of announcements in the self-driving car category such as those issued by Waymo and Uber. GM’s Chairman and CEO Mary Barra presided a rare press conference last Dec. 15 to declare that GM’s autonomous vehicle called Chevrolet Bolt is now prowling the streets of southeast Michigan. Fleet of self-driving Bolts have already been unleashed in San Francisco […]

Authored by Carl Bildt, originally posted at Project Syndicate, In August 2015, I tweeted that if Donald Trump were to be elected President of the United States, we would have to “head for the bunkers.” A Trump presidency was considered highly unlikely back then; but here we are. And while heading for the bunkers might not be the most appropriate response (yet), where we are is undoubtedly […]

BEIJING China expressed dissatisfaction on Friday after exiled Tibetan spiritual leader the Dalai Lama met President Pranab Mukherjee, saying it hoped India would recognise the Nobel Peace Prize winning monk as a separatist in religious guise. Mukherjee hosted the Dalai Lama and other Nobel Peace laureates at a conference on children’s rights at the presidential palace on Sunday. Those who attended, and spoke, included Princess Charlene of […]

South Korea’s IT export for November rose 3.3 percent compared to a year ago thanks to semiconductors and displays, the country’s trade ministry has said. The rise ends 14 straight months of decline caused by the rise of Chinese competitors and the global economic downturn. Total IT export for the month was $14.8 billion, a rise of 3.3 percent from a year ago, while import was $8.08 […]

By Andrés González | MADRID MADRID French media tycoon Vincent Bollore is bidding for a stake in Spain’s largest sports broadcasting rights firm at the same time as facing off with former Italian president Silvio Berlusconi for control of Mediaset (MS.MI). Bollore’s Vivendi (VIV.PA) is one of 10 bidders, alongside a number of Chinese and U.S. investors, hoping to land either a 30 percent or 51 percent […]

China has ceded its status as America’s largest creditor nation to Japan after spending a large portion of its foreign exchange reserves to defend the renminbi. Beijing’s ownership of US Treasuries fell by $41.3bn to $1.12tn in October, according to data from the US Treasury released on Thursday — the sixth straight month of decline. Japan’s holdings fell by $4.5bn to $1.13tn for the same period. Thomas […]

BEIJING The family of prominent Chinese legal activist Jiang Tianyong is unable to locate him despite police saying that he had been released on Dec. 1 after spending nine days in detention, his family’s lawyer said on Friday. Disbarred lawyer Jiang, 45, has spoken out about a government crackdown on legal defenders and has been involved in high-profile cases of dissidents who have angered authorities, including blind […]

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