Ten years ago Vladimir Putin angrily declared that the post-cold war order was a sham. Standing before the western military and diplomatic establishment at the Munich Security Conference, the Russian president accused the US of plunging the world into chaos by warmongering, meddling in other countries’ affairs and disregarding international law. For many, it marked the moment that Mr Putin became an adversary. Now, as foreign policy […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Imagine the reporters who must cover daily a bombastic New Yorker who has inherited a fortune, exudes a sense of entitlement, disdains much of the press, trafficks in half-truths, has overseen properties in huge disrepair, routinely overrules underlings, disdains public […]
Photo President Trump and Prim Minister Netanyahu entering the White House on Wednesday. Credit Stephen Crowley/The New York Times President Trump came forward with a nonsensical statement on Wednesday as he dangerously backed away from the two-state solution, which has been central to America’s Mideast policy for more than 20 years and remains the only just answer to the Israeli-Palestinian conflict. “So, I’m looking at two-state and […]
Apologies for earlier error in title. Surging inflation, plunging real wages, jumping mortgage delinquencies, and record crude and gasoline inventories… then Trump drops the ‘t’ word and the market melts up… Intraday, March rate-hike odds hit 46%, seemingly surging off “off the table” levels before the week began… Record all-time highs across everything… It’s all banks all the time… The Dow topped 20,600 – […]
Submitted by Don Quijones via WolfStreet.com, Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year. The last time they rolled out so much debt so quickly was in 2007, the year that Spain’s spectacular real estate bubble […]
By Luke Baker | WASHINGTON WASHINGTON President Donald Trump will host Israeli Prime Minister Benjamin Netanyahu at the White House on Wednesday, their first meeting since the inauguration and one that promises to shape the contours of Middle East policy for the years ahead. On the agenda are some of the region’s most volatile issues: the war in Syria, the Iran nuclear file and the Israeli-Palestinian conflict, […]
By Colin Packham | SYDNEY SYDNEY Sri Lankan Prime Minister Ranil Wickremesinghe said on Wednesday that failed asylum seekers held in Australian-run detention centres in the South Pacific will not face prosecution or harm if they return home. Wickremesinghe’s comment comes as Australia increases pressure on failed asylum seekers on Papua New Guinea’s Manus island and the tiny island nation of Nauru to return home voluntarily, including […]
Janet Yellen continues to demonstrate that she is either profoundly ignorant or dishonest. Neither of those are positive qualities for a Fed Chair. Having maintained interest rates at essentially ZERO for seven years during the Obama years, Yellen suddenly believes it would be “unwise” to wait too long to raise rates now. It’s a bizarre claim, particularly when you consider: 1) The US economy is limping along […]
The US economy and fiscal policy face an uncertain path under the administration of Donald Trump, Janet Yellen warned on Tuesday as she declared “monetary policy is not on a preset course” but said it would be “unwise” to raise rates too slowly. Testifying before Congress on Tuesday, the Federal Reserve chair painted a picture of an economy with accelerating growth, higher inflation and a robust labour […]
A striking feature of global financial markets since the crises of 2007 and 2008 has been the high propensity of many wealthy private investors to sit out all the turmoil, holding cash in bank accounts rather than in riskier assets. Might that be about to change? The word among bankers in conservative Switzerland — the world’s largest centre for cross-border private wealth management — is that it […]
Photo Credit Justin Renteria It’s a fair bet that the first meeting on Wednesday between President Trump and Prime Minister Benjamin Netanyahu of Israel will feature big smiles and reassuring words. Both men are eager to demonstrate that the hostility that poisoned Mr. Netanyahu’s relations with President Barack Obama is a thing of the past. But personal chemistry can go only so far. The issues facing the […]
By Angus McDowall | ALEPPO, Syria ALEPPO, Syria In the rubble-strewn square outside Aleppo’s ancient citadel and under the scorched vaults of its covered souk, workmen are starting to mend the destruction of a war that has shattered the Syrian city’s priceless historical heritage. About 20 volunteers sorted through the debris in Khan al-Gumruk, one of the souk’s great medieval inns, piling up the stones from a […]
By Sharon Bernstein | OROVILLE, Calif. OROVILLE, Calif. Nearly 200,000 people living below the tallest dam in the United States, near Oroville in Northern California, were urgently ordered to flee their homes on Sunday after a spillway appeared for a time to be in danger of imminent collapse. Authorities issued the abrupt evacuation orders in the mid-afternoon, saying that a crumbling emergency spillway on the Lake Oroville […]
An award-winning Arabic-language film, Hedi, will be released with Arabic subtitles in the UAE, and across the region, as the local industry looks at ways to boost the popularity of Arab films in cinemas. This was one of a raft of measures to improve the popularity of Arab cinema, in the region and globally, discussed during a panel talk – New Prospects: Challenges and Opportunities in the […]
By Jeffrey Heller | JERUSALEM JERUSALEM Prime Minister Benjamin Netanyahu said on Sunday he would present “responsible policies” in talks with U.S. President Donald Trump, signalling to the Israeli far-right to curb its territorial demands in the occupied West Bank. Netanyahu leaves for Washington on Monday and will see Trump at the White House on Wednesday for their first meeting since the Republican’s inauguration last month, with […]
|By Arabian Post Staff| As much as 69 percent of oil demand growth up to 2022 will be in Emerging Asia, according to a report by Bank of America Merrill Lynch. Other key conclusions of the report include advancement of the oil demand peak from 2050 to 2035 due to fast growth in electrical vehicles, increased carpooling/sharing and autonomous driving; increase in consumption by 1.1mn b/d p.a. […]
12 February 2017 Dubai, United Arab Emirates – Marsh & McLennan Companies Inc. (NYSE: MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, is a strategic partner of the newly published 2017 Global Risks Report, an annual publication released by the World Economic Forum at Davos. This year’s 2017 Global Risks Report reveals that economic inequality, societal polarisation and intensifying […]
The Larsen Ice Shelf is situated along the northeastern coast of the Antarctic Peninsula, one of the fastest-warming places on the planet. In the past three decades, two large sections of the ice shelf (Larsen A and B) collapsed. A third section (Larsen C) seems like it may be on a similar trajectory, with a new iceberg poised to break away soon. Source link
A powerful nighttime earthquake in the southern Philippines killed at least six people and injured more than 120, with officials combing through cracked buildings and nearby towns Saturday to check on the damage and other possible casualties. The magnitude 6.7 quake roused residents from their sleep late Friday in Surigao del Norte province, forcing hundreds of people to flee their homes. The quake was centered about 16 […]
MANILA The Maoist-led New People’s Army (NPA) has engaged in guerrilla warfare in the Philippines for nearly five decades, with more than 40,000 people killed in a conflict that has stunted growth in resource-rich areas. Following is a look at the background of one of the world’s longest-running communist insurgencies. – Jose Maria Sison, a political science professor, founded the Communist Party of the Philippines (CPP) in […]
A construction site crane collapsed on Dubai’s main highway on Friday, with initial reports of at least one person injured in the incident. According to a tweet by Dubai Media Office, three cars were damaged by fire, with one person taken to hospital for treatment. No reason was given for the crane collapse but Dubai was being hit by strong winds on Friday. The tweet said civil […]
MOSCOW The Kremlin said on Friday that allegations made by British Defence Secretary Michael Fallon, who accused Russia of spreading lies and attacking critical infrastructure with hackers, were “baseless” and a source of regret. Fallon said on Thursday night that President Vladimir Putin had chosen to become a strategic competitor of the West since the 1991 collapse of the Soviet Union. “We express regret for this hostile […]
ABU DHABI // Strong winds and blowing sand are wreaking havoc across the country, toppling over a crane, trees and forcing the cancellation of a number of major events. “A crane has collapsed on Sheikh Zayed Road,” the Dubai Media Office tweeted just after 2:30pm. “Authorities are handling the situation to ensure safety of everyone on site. #Dubai” Around the same time, the Dubai Tour announced it […]
By Tom Westbrook and Jane Wardell | SYDNEY SYDNEY Australian Prime Minister Malcolm Turnbull might receive a short-term boost after his infamous phone call with U.S. President Donald Trump but is likely to be the long-term political loser, analysts and rights advocates said on Friday. Languishing in opinion polls and vulnerable to attacks from within his own conservative party, Turnbull at least woke on Friday to domestic […]
