Speaker Paul Ryan on Sunday said he agrees with President Trump that 2018 will be a “bloodbath” for Republicans if Congress does not pass legislation repealing and replacing ObamaCare. “I do believe that if we don’t keep our word to the people who sent us here, yeah,” Ryan told CBS News’s “Face the Nation,” when asked if he agreed with Trump’s reported comments about the 2018 midterm […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on the European Central Bank strategy, green investment and the future of India’s economy. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Olivier Garnier, a group chief economist at Société Générale, looks at the European Central Bank’s exit strategy from ultra-loose monetary […]
PARIS Francois Fillon’s party has apologised for tweeting a caricature of Emmanuel Macron, his main rival in the race to be France’s next president, that Fillon himself admitted was anti-Semitic. Fillon’s conservative The Republicans tweeted an image of the independent centrist Macron with a hooked nose, wearing a top hat and carrying a red sickle with which he was cutting a cigar. The image resembled anti-Semitic propaganda […]
PolitiFact, the national political fact-checking franchise started by the Poynter-owned Tampa Bay Times, has lost seven of its statewide partners since the presidential campaign. Partners in Providence, Rhode Island, Des Moines, Iowa and Richmond, Virginia all discontinued their PolitiFact franchises within the last year, according to a report from the Duke Reporters’ Lab. E.W. Scripps Television Stations, which operated four statewide PolitiFact affiliates, opted not to renew […]
By Tuvan Gumrukcu and Thomas Escritt | ANKARA/ROTTERDAM ANKARA/ROTTERDAM Turkey told the Netherlands on Sunday that it would retaliate in the “harshest ways” after Turkish ministers were barred from speaking in Rotterdam, as a row over Ankara’s political campaigning among Turkish immigrants escalated. President Tayyip Erdogan labeled the Netherlands a “Nazi remnant” after it became the latest European country worried about political tensions inside Turkey spilling beyond […]
Here are the main questions facing investors and markets as a new trading week beckons. What will the Federal Reserve say?Sometimes words matter more than action. A quarter percentage point tightening is all but baked in after the February jobs report, when 235,000 jobs were created — eclipsing market expectations. Of greater importance is whether Fed officials indicate a willingness for a faster rate of tightening in […]
By Suyeong Lee and Hyunjoo Jin | SEOUL SEOUL The South Korean politician likely to emerge as the next president promised justice and common sense on Sunday as workers renovated the home of ousted leader Park Geun-hye to prepare for her departure from the presidential Blue House. The Constitutional Court ruled on Friday to uphold a parliamentary vote to impeach Park, dismissing her from office over an […]
Editor-in-chief of popular Malay daily says a discourse on the three issues – 1MDB, RM2.6 billion and BMF scandal – would be a better format than outright debate. KUALA LUMPUR: Sinar Harian has offered to organise the debate between Umno supreme council member Nazri Aziz and former prime minister Dr Mahathir Mohamad. The Malay daily yesterday reported its editor-in-chief Norden Mohamed as saying the organisation would like […]
You couldn’t have asked for a better setting – five talented, varied poets reading selections of their award-winning works in a desert camp under the night sky. There was a big crackling fire, regional bites and oud instrumentals wafting from the speakers. It is no wonder that since the Emirates Airline Festival of Literature launched its Desert Stanzas programme in 2013, each edition of the one-night-only event […]
The Trump administration on Friday asked all remaining US attorneys appointed by Barack Obama to tender their resignations, including Preet Bharara, the top prosecutor in Manhattan. Dana Boente, acting deputy attorney-general, phoned the 46 US attorneys appointed by the previous administration and asked them to step down. The order from attorney-general Jeff Sessions came as a surprise to many in the Department of Justice. In November Mr […]
While CNBC and the financial media continue to rave about stocks being near their all-time highs, beneath the surface of the market we are seeing signs of big trouble. Consider the following… As Michael Batnick noted last week, the S&P 500 as a whole is just 1.6% off its all time highs, but the average stock is down 9.6% from its 52-week high. Put another way, while […]
Saudi women from adventurers to inventors are hoping a unique conference in Riyadh on Saturday will highlight their changing role and inspire younger women to push for new opportunities in the ultra-conservative kingdom. The event comes at a time when reforms are slowly changing women’s lives in one of the world’s most gender-segregated countries – where women live under the supervision of a male guardian and cannot […]
Indian Prime Minister Narendra Modi has led his Bharatiya Janata Party to a landslide victory in state elections in the bellwether state of Uttar Pradesh, an affirmation of his enduring popularity midway through his term. The Hindu nationalist BJP won 324 of 403 state assembly seats in India’s most populous state, a magnitude of victory not seen in state polls there since 1980. The decisive mandate in a […]
Photo President Recep Tayyip Erdogan of Turkey at a rally in Istanbul on Saturday. He threatened to retaliate against the Netherlands for denying the foreign minister permission to fly in. Credit Ozan Kose/Agence France-Presse — Getty Images PARIS — The Dutch government on Saturday intensified a diplomatic dispute between Turkey and its NATO allies in Europe by refusing to let the Turkish foreign minister fly into the […]
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. British reporter Iona Craig went to the al Ghayil, the Yemeni town stormed by Navy SEALs in the raid that President Trump says was a great success even as it claimed the life of the operator whose widow was honored […]
PARIS France’s far-left presidential candidate Jean-Luc Melenchon said on Saturday he had secured the 500 endorsements from elected officials needed in order to run in the election. “We have our 500 sponsors!” Melenchon tweeted. The European parliamentarian, whose “Indomitable France” grouping is backed by the country’s Communist party, had reached 432 signed endorsements from lawmakers and mayors on Friday, according to France’s constitutional court. Former Economy Minister […]
March 11, 2017 by: Mehul Srivastava in Istanbul and Duncan Robinson in Brussels Turkish President Recep Tayyip Erdogan has accused the Dutch authorities of being “fascists” after they blocked a flight carrying his foreign minister from travelling to Rotterdam. He also threatened to stop flights to Turkey from the Netherlands. Mevlut Cavusoglu had been due to address a Turkish rally as part of a campaign to win […]
Burkhard Varnholt last week paid €14 for lunch for two people at a smart restaurant in Berlin. “The euro is so cheap,” says Credit Suisse’s deputy chief investment officer. It is cheap because of one factor: Marine Le Pen. In normal circumstances, the euro would be trading a lot higher on the back of the eurozone’s record current account surplus, an unemployment rate at its lowest in […]
SEOUL A South Korean presidential election to choose a successor to ousted leader Park Geun-hye will be free and fair and held by May 9 at the latest, the election commission chairman said on Saturday. The Constitutional Court dismissed Park Geun-hye on Friday over a graft scandal involving the country’s conglomerates. Under the constitution, an election must be held within 60 days. The chairman of the National […]
Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders. Up 32 percent since the election of Donald Trump, the S&P 500’s bank index .SPXBK has outpaced the wider market’s gain by roughly 3-to-1. Now, however, a changing dynamic in the bond market […]
SEOUL Opponents of South Korea’s ousted leader, Park Geun-hye, demanded on Saturday that she be arrested a day after she was thrown out of office over a corruption scandal involving the country’s conglomerates. Park’s critics said they would rally in central Seoul, where they have been gathering every weekend for months, while the former president’s conservative supporters also planned protests, raising the risk of confrontation. The Constitutional […]
By Gabriel Stargardter | MEXICO CITY MEXICO CITY Last month’s 40 percent decline in migrant detentions along the southern U.S. border represents a victory for U.S. President Donald Trump, but may prove short-lived unless he follows through with his hard-line vows, past experience shows. Graphic on Central American migration to the United States: here Trump’s administration on Wednesday trumpeted the February decline as evidence its executive orders […]
By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks rose on Friday after a solid jobs report pointed to strength in the domestic economy and supported expectations the Federal Reserve will raise interest rates next week. Indexes ended lower for the week, however, with the S&P 500 and Nasdaq breaking a six-week streak of gains. Government data showed 235,000 jobs were added in the public and […]
A Chinese property developer constructing a huge housing project in southern Malaysia has become the latest corporate victim of Beijing’s crackdown on capital flight. Country Garden has closed showrooms in mainland China for its flagship $100bn Forest City development in response to measures by Chinese regulators that have made it harder for individuals to move money out of the country. A slowing Chinese economy, rising US interest rates […]
