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The Dow Jones Industrial Average marched higher after hitting 20,000 for the first time on Wednesday as strong earnings and President Donald Trump’s pro-growth initiatives reignited a post-election rally. Trump has made several business-friendly decisions since taking office on Friday, including signing executive orders to reduce regulatory burden on domestic manufacturers and clearing the way for the construction of two oil pipelines. The S&P 500 and the […]

Donald Trump is pressing ahead with his controversial border security measures in his first week in office, including his plan to build a wall along the US-Mexico border. Mr Trump on Wednesday was expected to follow through on his signature campaign issue by ordering the government to use funds to start building the wall. He told ABC News that construction along the 2,000-mile border would begin “in […]

Dow 20,000 is here at last. No regular reader — or indeed, any sentient and sensible human being — should base any investment decision on the Dow. Its methodological flaws are irremediable. And in any case, round numbers should not matter. One brief illustration of the Dow’s primitive methodology will suffice. Just five of its stocks — Goldman Sachs, IBM, Boeing, UnitedHealth and JPMorgan Chase — account […]

By Doina Chiacu and Susan Heavey | WASHINGTON WASHINGTON U.S. President Donald Trump said on Wednesday he would seek an investigation of what he believes was voter fraud in the November election, despite overwhelming consensus among state officials, election experts and politicians that voter fraud is rare in the United States. The new Republican president has bristled at references to losing the popular vote to Democrat Hillary […]

Wednesday 14:35 GMT Overview Major global stock markets are rallying as the Dow Jones Industrial Average breaches 20,000 amid revived hopes for faster US growth. Benchmark sovereign bonds yields are rising, but oil and gold prices are moving lower despite a weaker dollar. Hot topic The “Trump trade” is back on and it has the Dow through 20,000 for the first time? The average, though a price-weighted […]

All but one of the students were enrolled in the Deferred Action for Childhood Arrivals program, also known as DACA. Created in 2012 by an Obama-administration executive action, DACA allowed teenagers and young adults who came to the United States illegally as children with their parents to register with the government and in turn receive a two-year renewable protection against deportation, along with work permits and Social […]

The Dow Jones Industrial Average on Wednesday rose above 20,000 points for the first time marking a milestone for Wall Street’s venerable equity barometer as the Trump trade that stalled at the onset of 2017 resumes. The gauge of blue-chip companies climbed 0.5 per cent to 20,014 in opening trading, as US equities extended their record-setting rally that began after the presidential election in November. Investors have […]

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No, Mark Zuckerberg is not running for president. This came straight from the horse’s mouth after days of media speculation about the Facebook mogul’s political ambition. In a statement sent to BuzzFeed, Zuckerberg stated that he is focused on building the Facebook community and working on the Chan Zuckerberg Initiative. Note how the word “never” was not mentioned at all, providing him wiggle room in case he […]

French presidential frontrunner François Fillon has come under pressure to justify why he employed his Welsh wife as a parliamentary aide and specify what work she did for him. Mr Fillon, who won the centre-right presidential nomination in November on a vow to restore high moral standards in French politics, is facing claims from a weekly French satirical newspaper that his wife Penelope Fillon earned a total […]

Sean Spicer may need the Army Corps of Engineers to clean up a mini-mess created by his boss. Spicer’s second full-fledged White House briefing was notable both for the identity of the first questioner and, far more, the persistent reality of President Trump’s claim that millions of people voted illegally and robbed him of a popular vote win against Hillary Clinton. Spicer doubled down on the claim. […]

The group has close ties to House Republicans. It was founded in 2010 by former Republican Sen. Norm Coleman of Minnesota and major GOP donor Fred Malek. The current board includes both men, as well as former Republican Reps. Vin Weber of Minnesota and Tom Reynolds of New York, among others. American Action Network is affiliated with a super PAC, the Congressional Leadership Fund. Both groups share […]

By Richard Balmforth | PARIS PARIS The frontrunner in France’s presidential election race, conservative Francois Fillon, acknowledged on Tuesday that his wife had worked for him when he was a legislator, but denied a media report that she had been paid for fictitious employment. Fillon, 62, a former prime minister who is tipped to win the presidency in May, acted quickly to dampen possible scandal after a […]

ROME Virginia Raggi, the anti-establishment mayor of Rome elected by a landslide last year after pledging to crack down on rampant corruption, has been put under investigation for abuse of office and false testimony. Raggi herself announced the investigation in a Facebook post on Tuesday. She will be questioned by prosecutors on Jan. 30, a judicial source said. “Today I’ve received a subpoena from the Rome court,” […]

By Steve Holland and Valerie Volcovici | WASHINGTON WASHINGTON U.S. President Donald Trump signed two executive orders on Tuesday to move forward with construction of the controversial Keystone XL and Dakota Access oil pipelines, rolling back key Obama administration environmental policies in favor of expanding energy infrastructure. While oil producers in Canada and North Dakota are expected to benefit from a quicker route for crude oil to […]

Of the many quandaries investors must grapple with this year, high on their list is Donald Trump’s relationship with Vladimir Putin. Not far behind is this — should they throw off their instinctive caution about Russia and its president, and push the rouble a lot higher? The turnround in the Russian rouble’s fortunes largely reflects the recovery in the price of oil, the country’s biggest export. That […]

Donald Trump is now president. This challenges many of us, not least members of the press. Countless reporters are still shaken and stunned by how he singled out a CNN reporter, one of the most respected news outlets in the world, to attack and humiliate him during his first press conference since winning the elections. Worryingly, none of his fellow journalists in the room stood up for […]

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. A fashionista friend in the White House press corps answered this lingering question after Sean Spicer’s much-anticipated first briefing: What exactly was the glaring color of that jacket worn by Kellyanne Conway? “Tomato?” she guessed. Well, it was especially vivid […]

A wave of about 25 African, European and South American countries is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as US President Donald Trump rails against the ills of economic globalisation. Jin Liqun, president of the AIIB, said on Monday that an expanded membership would help boost lending by the $100bn multilateral organisation, which […]

BERLIN German Chancellor Angela Merkel said on Monday that openness, not populism, polarisation or isolation, was the answer to the world’s challenges of globalisation and digitalisation. “I think that, a quarter of a century after German unification, after the end of the Cold War, a new historical era will perhaps be replaced by another one,” Merkel said in a speech to church leaders in Wuerzburg. Even though […]

The proliferation of fake news on social media, particularly Facebook, and some websites on the internet is a growing concern. In an attempt to solve this problem, researchers developed a “vaccine” that can immunize people against fake news. Inspired By Vaccines Vaccinating a person against a virus exposes the body to a weakened version of the threat. The exposure is just enough to help build the body’s […]

Now: The Best of Indie Arabia Various artists (Universal Music Mena) Five stars To expats of a certain age, the “Now..!” brand of music compilation albums are synonymous with the kind of plastic pop wheeled out at social gatherings in the days before iPods or YouTube. Since 1983, the brand has shifted more than 100 million copies across five continents. Compiling the biggest hits of the day […]

Three of the world’s largest textbook publishers have subpoenaed Amazon to reveal the names and financial accounts of online vendors who allegedly sell counterfeit books at “too good to be true” prices. Pearson Education, Cengage Learning and McGraw Hill Education are suing 100 unnamed Amazon marketplace sellers for copyright infringement. In a complaint filed in New York federal court earlier this month, the publishers accused the sellers […]

“It’s really, really hard for me to look at myself in the context of the people that are in the Hall of Fame; I feel like they are Michael and I’m Tito,” Roddick said, referring to the singer Michael Jackson and one of his older brothers. “Tito got to play some pretty cool venues, too, but it’s weird for me.” Continue reading the main story At a […]

Online media use such as social networking and gaming could be strongly influenced by our genes, according to a new study by researchers from King’s College London. Access to and engagement with online media continues to grow at an unprecedented speed, and it plays an increasingly important role in the development and experience of people across all age groups. Nonetheless, people differ substantially in their use of […]

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