AMSTERDAM Royal Dutch Shell expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing concerns that production limits in the wake of the Paris climate accord could hit the energy giant’s valuation. In an interview with Dutch newspaper Het Financieele Dagblad, Ben van Beurden said the issue of “stranded” reserves – deposits in the ground that cannot be […]
By Supriyo Hazra | KOLKATA, India KOLKATA, India An overpass under construction in the bustling Indian city of Kolkata collapsed on Thursday on to vehicles and street vendors below, killing at least 14 people with more than 100 people feared trapped. Residents used their bare hands to try to rescue people pinned under a 100-metre (110-yard) length of metal and cement that snapped off at one end […]
He seized power audaciously in 1959 and commanded to the last a powerful personal following inside and outside Cuba. But during more than half a century in office Fidel Castro, who has died at the age of 90, metamorphosed from a popular and charismatic guerrilla leader into a traditional caudillo, an autocratic holdover from another age. At his life’s end, although bolstered by the emergence of a […]
By Lisa Lambert | WASHINGTON WASHINGTON Lender GE Capital asked the U.S. government on Thursday to stop designating it as “too big to fail,” saying it had shrunk to the point where it would not pose a major threat to the nation’s financial stability if it experiences distress. Chief Executive Officer Keith Sherin said in a statement that the General Electric Co (GE.N) unit no longer met […]
By Marc Frank | HAVANA HAVANA Fidel Castro, the Cuban revolutionary leader who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday, his younger brother announced to the nation. He was 90. A towering figure of the second half of the 20th Century, Castro had been in poor health since an intestinal […]
BEIRUT: Airstrikes and rockets in northern Syria knocked out two medical centers dedicated to women on Friday and killed at least 12, including two people in one of the health facilities, according to opposition activists, a charity group and a hospital manager. Warplanes and artillery shelling also continued to pound the besieged rebel-held neighborhoods of the northern city of Aleppo as government troops pushed their way from […]
Seriously…Must keep it together thru the Black Friday weekend! 15 Straight days up… The longest winning streak since 1996. Nothing to see here, move along… (the last time Small Caps rose for a longer streak was March 1988) (best 3 week gains since March 2009) The week was.. well easy.. Even after 3 weeks of incessant buying there was nothing to stop the panic […]
ABU DHABI // The deaths of three Emirati youngsters in Al Ain this week prompted calls from parents and experts to be mindful of where their children are and to ensure they are safe. Three children from two related families died on Wednesday after falling into a well at one of the family homes. A fourth child, aged 4, was rescued and taken to Al Ain Hospital […]
If there are political similarities in the impulses that led the UK to vote for an exit from the EU and the US for Donald Trump, the market reaction to Wednesday’s collection of British tax and spending measures illustrated the economic differences between the two countries. While Trumponomics has fast become shorthand for a promised programme of tax cuts and infrastructure incentives that could rival the actions […]
AL AIN // Three children from two related families died on Wednesday after falling into a well in one of the family homes. A fourth child, aged four, was rescued and taken to Al Ain Hospital after the incident in Al Nayfa, Hili. The bodies of the three children were taken to the hospital morgue. The children were playing near the well when the wooden lid covering […]
Submitted by Brandon Smith via Alt-Market.com, As I noted in my last article World Suffers From Trump Shellshock – Here’s What Happens Next, there are two primary consequences of a Trump presidency that actually serve globalists and elites in the long run. The first is the consequence of a perfect scapegoat for the economic crisis which the elites have been gestating since 2008. Trump enters the White […]
Russia has conducted successful intercontinental ballistic missile tests intended for its Barguzin “nuclear-train” program. The tests for Russia’s “railway-based combat rocket system” took place on Plesetsk cosmodrone two weeks ago, Interfax reports and were “fully successful” according to a military source, which would “pave the way for further flight tests.” The tests were held to test the missiles’ launch readiness, Russian press added. A BZhRK with a […]
Mexico can expect a windfall of as much as $2.9bn next month from its annual oil hedging programme, but that will be dwarfed by an expected bonanza from the central bank that could pour close to $20bn into government coffers in April, analysts say. For a government facing bitter spending cuts, an increasingly uncertain economic outlook, sharply lower growth prospects next year and the threat of a […]
Donald Trump on Monday posted a video describing plans for his first 100 days as US president. “On energy, I will cancel job-killing restrictions on the production of American energy,” he said. The US president-elect plans to open more federal lands and waters to oil and gas leasing, streamline permits for new energy projects and rescind executive actions of President Barack Obama. Deregulation forms the core of his […]
November 21, 2016 by: Shawn Donnan and Andres Schipani in Lima US President Barack Obama wrapped up his final official trip abroad with a call for his successor Donald Trump to live up to America’s responsibility as an “indispensable nation” in the world, and to bolster the international order it had helped create. Amid fears that Mr Trump’s election victory on the back of a populist anti-internationalist […]
Hasankeyf (pronounced has-AN-kayf) has an abundance of history, more than 12,000 years of it, dating back to the Neolithic period, when it was the site of one of the world’s first organized human settlements. The empires that came later all left their imprints: Byzantines, Romans, Seljuks, Ottomans. The archaeological highlight is a citadel, on high ground overlooking the river, and while that will stay above the water, […]
1979: A threatening revolution Saudi Arabia, a young country pieced together only in the 1930s, has built its legitimacy on religion. By promoting its stewardship of the holy sites at Mecca and Medina, it could justify its royal family’s grip on power. Continue reading the main story Iran’s revolution, in 1979, threatened that legitimacy. Iranians toppled their authoritarian government, installing Islamists who claimed to represent “a revolution […]
DUBAI // The second Innovation Week kicks off on Sunday with events taking place across the country. Launched last year by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, this year’s event aims to embed innovation in communities and is being held with the slogan “Innovation, an everyday activity”. “The UAE has become a global platform for innovation and innovators, attracting the best minds and […]
The Trump trade — sell government bonds because his policies might cause inflation and require huge new borrowing — has already produced a common counter reaction: do not get carried away, this is an opportunity to buy Treasuries before yields collapse again. What it shows is a conditioned response. The first time your dog barks in the night, you leap out of bed with a head full […]
The market interpretation of the US election result can be expressed in just three letters, repeated several times: “USA! USA! USA!” Amid the noise that followed last week’s election victory for Donald Trump, one signal was clear — whatever the outcome will be the US, it will be far worse for the rest of the world in general, and emerging markets in particular. Outside of financial crises, […]
CAIRO — An Egyptian criminal court sentenced a police officer to life in prison on Wednesday for fatally shooting a man who refused to give him a free cup of tea. It was an unusual move by a court in a country where the police are generally allowed to act with impunity, human rights activists said. The shooting in April, in which the tea vendor was killed […]
Russia launched its long-awaited offensive across Syria on Tuesday just hours after Vladimir Putin discussed the conflict with Donald Trump amid growing questions about how the incoming American president will deal with his Russian counterpart. Sergei Shoigu, Russia’s defence minister, said the air strikes were targeting Isis and Syrian jihadis, their ammunition depots and training camps, in the provinces of Idlib and Homs. Opposition activists said the […]
During an interview in his office here, Mr. Omgy acknowledged that his company had provided financial services to Al Qaeda. “We had no other option but to comply with them,” he said. “They were the rulers of the city.” Continue reading the main story But he denied the Treasury Department’s charge that he was a Qaeda member, describing his ties to the group as a business relationship […]
November 15, 2016 by: Kathrin Hille in Moscow Vladimir Putin has urged Donald Trump to co-operate on the war in Syria and develop economic ties in his first push to improve strained Russian relations with the US following America’s election. The Russian president spoke by telephone with Mr Trump, the US president-elect, late on Monday and expressed a “willingness to build a dialogue between partners with the […]
