By Philip Pullella | VATICAN CITY VATICAN CITY Baptised as a Roman Catholic and educated by Jesuits, Fidel Castro became a persecutor of the Church after seizing power in Cuba in 1959. Nearly 40 years later, he began a rapprochement that was eventually to enable the Vatican to broker a historic resumption of ties between Cuba and the United States. Despite the contradictions and about-turns, Castro, who […]
The dollar broke new ground in its post-US election surge against the yen on Friday as the market eyed a potential ¥3.8tn ($34bn) deluge of yen selling by life insurers. Tokyo’s morning session saw speculators pushing the dollar into the high ¥113 zone — an eight-month peak and a move that is underpinned by more unwinding of long yen positions built ahead of what big Japanese investors […]
Chinese phone supplier Huawei has supplanted Samsung as the second most profitable smartphone brand globally in Q3 2016. Apple continues to remain atop the list, having enjoyed 91 percent of all smartphone profits this year. Huawei, meanwhile, enjoyed 2.4 percent of the pile, earning an estimated $200 million for smartphone sales during the aforementioned quarter. Huawei Places Second It should come as no surprise that Apple has […]
Vivendi has been pursuing a creeping strategy to takeover Ubisoft by way of its continued acquisition of Ubisoft stocks. The game company’s top executives have so far balked at this bid, stating that Ubisoft will never be the same if the French media conglomerate proved successful. Looming Vivendi Takeover The observers’ consensus is that Vivendi’s hostile takeover is a done deal despite claims that Ubisoft is doing its […]
Global Manufacturing and Industrialisation Summit will enable discussion on standardising new technologies for industry-wide applications Current lack of standardisation means developing Internet of Things technologies are unable to communicate universally, limiting their potential Abu Dhabi, UAE, November 25, 2016 The Global Manufacturing and Industrialisation Summit (GMIS) will further global discussions and spur international action on emerging technology standardisation, said Ludovica Alcorta, Director of the Development Policy, […]
Craig Timberg from Washington Post must be bored this Thanksgiving, spending his time concocting a rich and imaginative tale of fake news websites swaying the billion dollar Clinton campaign from no brainer win to a horrible loss. Here we are, once again, with the faux claims out of Washpo — spreading their own ironic fake news of Russian hacking conspiracies and a furious — and all of a […]
With raw newsflow in the financial, political, economic and geopolitical realms hurtling ever faster – scrambling toward some yet unknown climax – facilitated by a world that has never been more interconnected, and where the noise to signal ratio (especially over the past few months courtesy of certain… events) has hit unprecedented levels, sometime we get so focused on trying to share our own, unique (we hope) […]
Authored by Bonner & Partners’ Bill Bonner, annotated by Acting-Man’s Pater Tenebrarum, Permanently Skewed TRUMP HOTEL, New York – Trump’s rambling army – professionals, amateurs, camp followers, and profiteers – is marching south, down the I-95 corridor. There, on the banks of the Potomac, it will fight its next big battle. Lieutenants in Trump’s army: Bannon, Flynn & Sessions Here at the Diary, we do not […]
The relentless rise of the dollar scorched emerging market currencies on Thursday, sending China’s renminbi to its weakest level in eight years, while India’s rupee plumbed a record low. Broad currency weakness against the dollar came as the bond market fully expects policy tightening by the Federal Reserve at its December meeting. Investors are also looking to next year and trying to gauge the extent of further […]
While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009. The regional FX plunge […]
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 […]
The US government bond market suffered a renewed sell-off and the dollar powered to a fresh 13-year high on Wednesday, as stronger economic data bolstered the case for an interest-rate increase and reinforced the view that the multi-decade bond bull market has reached a turning point. The Republican sweep of the White House and Congress, coupled with president-elect Donald Trump’s promise to unleash a $1tn economic stimulus […]
Scientists from the University of Central Florida (UCF) may just have created one of the Holy Grails in mobile technology. The team has announced that they have developed a supercapacitor battery prototype that could charge in seconds but power devices for several days. The UCF battery technology is not exactly that novel as it builds on the traditional supercapacitor concept in its promise to revolutionize the way we […]
Telltale announced today that A New Frontier, the third season of its The Walking Dead series, will premiere worldwide on December 20th. That day, episode one will be available for purchase digitally for $4.99 on PC, Xbox One, PS4, Xbox 360, PS3, iOS, and Android. A Season Pass containing access to all five episodes of the season as they’re released will cost $24.99. For players who prefer […]
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ABU DHABI // The UAE is focused on tourism as one of the main pillars of the post-oil economy, Sultan Al Mansouri, Minister of Economy, has said. Under the directives of the country’s leadership, the Emirates has developed an economic system based on diversity, innovation and sustainability that achieved an 8.7 per cent GDP growth worth Dh134 billion during 2015, said the minister in an interview with […]
The State Department issued an alert on Monday to US citizens traveling to Europe about a “heightened risk of terrorist attacks,” particularly over the holiday season. “Have an emergency plan of action ready,” the US urged according to NBC. “Credible information indicates the Islamic State of Iraq and the Levant (ISIL the U.S. gov’t acronym for ISIS or Da’esh), al-Qaeda, and their affiliates continue to plan terrorist […]
Submitted by John Whitehead via The Rutherford Institute, “We Americans are the ultimate innocents. We are forever desperate to believe that this time the government is telling us the truth.”—Former New York Times reporter Sydney Schanberg Let’s talk about fake news stories, shall we? There’s the garden variety fake news that is not really “news” so much as it is titillating, tabloid-worthy material peddled by anyone with […]
Submitted by Howard Kunstler via Kunstler.com, America didn’t get what it expected, but perhaps it got what it deserved, good and hard. Daddy’s in the house and he busted straight into the nursery and now the little ones are squalling in horror. Mommy was discovered to be a grifting old jade who ran the household into a slum and she’s been turned out to solemnly await the […]
Boosting spending on infrastructure and improving education could relieve some of the burden on the US central bank to support the economy, a top policymaker said on Monday amid speculation that Congress could push through a fiscal expansion after years of budgetary restraint. Stanley Fischer, vice-chairman of the Federal Reserve Board, said that the central bank did not need to be the only game in town and […]
A shift towards stimulative fiscal policy could help ease the burden on the Federal Reserve in supporting the US economy, the Fed’s vice president has said. Speaking in the wake of Donald Trump’s election to the White House, Stanley Fischer said productivity-enhancing government policy such as higher infrastructure spending would help “confront some of our longer-term economic challenges”. “Macroeconomic policy does not have to be confined to […]
Investors, central bankers and policymakers are once again talking about investing in infrastructure as a way to stimulate flagging economies around the world. If the zeitgeist is to be believed, 2017 will see a burst of infrastructure investment-related activity. It’s a good idea, but there is plenty of reason to suspect that little will happen. A big reason why infrastructure investment is back in vogue is that […]
Sweden’s Henrik Stenson has won European Tour’s Order Of Merit for the second time after none of his challengers could replace him at the top of the money list on the final day of the DP World Tour Championship in Dubai on Sunday. Matthew Fitzpatrick holed a nerve-shredding four-foot putt at the 18th to win the season-ending tournament at Jumeirah Golf Estates, Dubai. The 22 year trailed […]
