By Steve Scherer | ROME ROME Three days after resigning as Italian prime minister and before his successor took office, Matteo Renzi typed a late-night Facebook post from his family home near Florence that seemed to cast doubt on his future. “I have no seat in parliament, no salary, no pension… I’m starting over,” he wrote. Since stepping down on Dec. 7 after a crushing referendum defeat […]
In a year replete with extraordinary political upheaval and the wrenching loss of artistic icons, the markets have played their part in contributing to the angst. Here is a look at some of 2016’s most notable one-day wobbles. China cracks It started badly. In China, the mainland’s benchmark, the Shanghai Composite index, had closed 2015 near a four-month high after bouncing nearly 21 per cent from its […]
To appreciate this inherent tension, consider Hillary Clinton’s words from the second presidential debate: “It is important for us as a policy not to say, as Donald has said, we’re going to ban people based on a religion. How do you do that? We are a country founded on religious freedom and liberty.” Here Clinton establishes a minimum standard of liberal decency that few American Jews would […]
Submitted by Michael Shedlock via MishTalk.com, On December 9, a panel of 3 judges in the Netherlands convicted Geert Wilders of incitement to discrimination, and also of insulting an ethnic group. Nonetheless, the two most recent polls show Geert Wilders, an anti-Islam, anti-migration politician far ahead of the pack. Wilders Heads Polls A quick check of Opinion Polling for the Dutch General Election, 2017 shows Wilders strongly […]
TEHRAN: Iran’s president lashed out at the country’s hard-liners on Monday, accusing them of ignoring human rights, which he said are enshrined in the constitution.Hassan Rouhani’s remarks were apparently an attempt to appeal to the liberal-minded among the country’s middle class ahead of Iran’s May presidential elections. Without naming names, Rouhani said in a televised speech that “some individuals do not like to hear about some of […]
The Bank of Japan kept monetary policy on hold and turned optimistic on the growth outlook as a slide in the yen sharply improves the outlook for Japan in 2017. Japan’s economy is “likely to turn to a moderate expansion” with rising domestic demand, large-scale fiscal stimulus and growing exports, the central bank said. Its comments highlight the dramatic turnround from September — when despairing analysts said the […]
Tuesday 02:20 GMT Overview Stock markets across Asia were largely on the back foot, with investors in the Japanese market treading particularly cautiously despite the yen weakening and the Bank of Japan keeping monetary policy meeting steady, as expected. Hot topic Global financial markets were beginning to quiet down in the lead-up to Christmas. Despite attacks in Germany and Turkey on Monday that added to geopolitical unease, […]
aNewDomain — Rex Tillerson, the ExxonMobil chief who Donald Trump has tapped to be the next US secretary of state, was the director of a Bahamas-based US-Russian oil firm, according to leaked documents in the Panama Papers. Tillerson ended the association with the Exxon subsidiary, Exxon Neftegas, in 2001, Exxon rep Scott Silvestri said Monday, a day after the Guardian and reporters at the International Consortium of Investigative Journalists reported the news. […]
Jim Cramer looked a little worried this evening, during his Maddening Money programme. All throughout the elections, the establishment elite, globalist shills, underestimated Trump’s desires to make America great again. With today’s electoral college win and Trump’s persistent lack of subservience to China, the shills on Wall Street are starting to wonder if it’s really happening. It really is this time, happening that is. In the brief […]
By Tim Cocks and Aaron Ross | KINSHASA KINSHASA Gunfire could be heard in several districts of Kinshasa early on Tuesday as demonstrators demanded that President Joseph Kabila step down after his mandate expired at midnight, and measures to curb dissent fanned fears of more violence. Reuters witnesses in various parts of the Democratic Republic of Congo’s capital city heard repeated gunshots, and one saw youths burning […]
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 if Snopes, PolitiFact and The Associated Press fact-checked our holiday cards and letters — or many of our daily declarations — for the truth. Facebook, of course, just announced it would team with PolitiFact, FactCheck.org, the Associated Press, ABC […]
Christine Lagarde was found guilty of negligence in public office by a special Paris court on Monday in a ruling that will cast a cloud over her position as managing director of the International Monetary Fund. Within hours, however, the former French finance minister won the support of her board, clearing the way for her to continue on at the head of the fund. The board’s decision came […]
By Renita D. Young | CHICAGO CHICAGO In a word, 2016 was “surreal.” Surreal, meaning “marked by the intense irrational reality of a dream” was looked up so much by online users that Merriam-Webster on Monday dubbed it the 2016 word of the year. Surreal joined the Oxford English Dictionary’s “post-truth” and Dictionary.com’s “xenophobia” as top words of the year. “Our word of the year is one […]
By Roberta Rampton and Eric M. Johnson | WASHINGTON/SEATTLE WASHINGTON/SEATTLE At least five Democrats who had been committed to back Hillary Clinton in the U.S. Electoral College cast ballots for other people on Monday, the largest number of “faithless electors” seen in well over a century. The 538 electors were voting across the country to confirm Republican Donald Trump as the next president. The event is normally […]
Los Angeles-area leaders on Monday announced a $10 million “justice fund” that will help provide lawyers to local immigrants who are facing deportation proceedings without legal representation. Since winning the presidential election, has said he would prioritize the deportation of two million to three million undocumented immigrants who have been convicted of crimes. Democratic mayors […] (via WSJ)
Our annual collection of media corrections is, undoubtedly, an excuse to chuckle at our industry’s missteps. But it’s also a recognition of an honorable practice that not everyone follows. Outlets that mark their corrected articles clearly or collect them in one easily searchable section (for example, The Guardian) may be over-represented in this list, but they should be commended. A note on selection: This is a list of media […]
U.S. stocks were higher on Monday in light trading, with the three major indexes hovering near record levels, driven by a rise in technology shares. The S&P technology index .SPLRCT rose 0.94 percent, leading the 11 major sectors. Microsoft (MSFT.O), Amazon (AMZN.O) and Apple (AAPL.O) were up between 1-1.8 percent, providing the biggest boost to the Nasdaq and the S&P 500. “Traditionally, as you head into the […]
VIENNA Austria’s far-right Freedom Party (FPO) offered on Monday to act as a go-between for U.S. President-elect Donald Trump and Russian President Vladimir Putin after signing a cooperation agreement with Putin’s party. Party leader Heinz-Christian Strache and the FPO’s recently defeated presidential candidate Norbert Hofer attended the signing ceremony in Moscow, as did officials of Putin’s United Russia party including Pyotr Tolstoy, a deputy chairman of the […]
About nine months before George W. Bush became president I, along with about 70 others, were asked to join an independent tech advisory board to help Bush, then governor of Texas, understand the role of tech in the new decade and help craft a tech policy should he become president. Our first meeting took place in Austin, and from that came various subcommittees to research […]
If you are an emerging market investor, things at least look a little rosier than they did 12 months ago. Then sentiment was souring thanks to doubts about China’s economy, a slumping oil price and plenty of political upheaval. There is, of course, much to concern the EM universe going into 2017, notably a rising dollar, the prospect of higher interest rates in the US and president-elect […]
19 December 2016 Dubai: Rixos The Palm Dubai has experienced a 12 percent increase in occupancy rates in 2016 as compared to the previous year reaching the target of 90 percent. Rixos The Palm Dubai is one of the most sought after luxury hotels in the UAE by UAE citizens and residents, GCC nationals and residents and many other travelers from around the world. The influx of […]
The Federal Reserve will wait six months before raising interest rates again, according to a survey of top economists that suggests policymakers will maintain a cautious approach to tightening policy until they see the economic package US president-elect Donald Trump has promised. Officials will raise the Fed’s key short-term rate just twice in 2017, starting with a move in June, an FT survey of 31 Wall Street […]
By David Morgan | WASHINGTON WASHINGTON A top aide to Hillary Clinton’s presidential campaign said on Sunday it was an “open question” whether President-elect Donald Trump’s advisers colluded with Russia to hack into Democratic Party emails to try to sway the Nov. 8 election. Clinton campaign chairman John Podesta said there was evidence that Trump associates had contact with a Russian intelligence official and the website Wikileaks […]
By Sarah N. Lynch | WASHINGTON WASHINGTON President-elect Donald Trump’s incoming White House chief of staff on Sunday played down the prospect that Trump would revisit Washington’s decades-old “one China” policy, even though he suggested as much a week ago. Since 1979, the United States has acknowledged Taiwan as part of “one China” but Trump prompted a diplomatic protest from Beijing after he accepted a congratulatory phone […]
