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SIGN UP FOR OUR NEWSLETTER An opposition-backed bill in Pakistan seeking to establish a commission to inquire into the revelations made by the controversial Panama Papers, which suggest financial wrongdoings by Prime Minister Sharif and his family, prompted an exchange of harsh words in the Islamabad-based parliament this week. The bill, officially known as the “Panama Papers Inquiries Act, 2016,” has already cleared the Senate. SIGN UP […]

Our round-up of the week’s best comment and analysis from the Financial Times focuses on expectations of a Trump-presidency stimulus and the danger of complacency. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Wall Street might be too complacent about Donald Trump’s corporate tax stimulus and are not pricing in an upsurge in volatility, argues the […]

1 of 15 Fancy something fancy? We pay a visit to 14 of the city’s snazziest afternoon teas to scope out scones, sandwiches and smooth brews. 2 of 15 Al Fayrooz Lounge Rating: 4/5Most impressive item: Mango soufflé with blackcurrant sorbet.There’s a very traditional feel to this afternoon tea, with old-fashioned ceiling fans and a plush Arabesque lounge setting, but the tea itself has a modern twist; […]

Authored by Paul Craig Roberts, This article by Moon of Alabama is not conspiracy theory: Read it carefully. Check out the links. The below theses are thus far only a general outlay… There is an “elite” coup attempt underway against the U.S. President-elect Trump. The coup is orchestrated by the camp of Hillary Clinton in association with the CIA and neoconservative powers in Congress. The plan is […]

Facebook on Thursday unveiled a multi-part plan to fight fake news that includes teaming up with fact-checkers in the United States to cut down on the reach of bogus stories. The plan (which Poynter’s International Fact-checking Network is involved with) represents the first time Facebook has given fact-checkers the ability to verify news on its platform, and comes after months of public debate about the social media […]

By Corina Pons and Andrew Cawthorne | CARACAS CARACAS Venezuelan President Nicolas Maduro suspended on Saturday the elimination of the country’s largest denomination bill, which had sparked cash shortages and nationwide unrest, saying the measure would be postponed until early January. The surprise pulling of the 100 bolivar note from circulation this week – before new larger bills were available – led to vast lines at banks, […]

A few days ago we wrote about the Harvard Professor, Larry Lessig, who was offering free legal services to any Republican elector willing to consider switching their vote from Trump to any other candidate when the electoral college meets on December 19th (see “Harvard Professor Says He’s Rallied Nearly Enough GOP Electors To Block Trump“).    At the time, Lessig said he was in active discussions with […]

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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. Bob Dylan just won the Nobel Prize for Literature, enough said. “Poet laureate of the rock era.” But media critic, too? Patti Smith gained deserved attention for a notable performance of “A Hard Rain’s A-Gonna Fall” at the Nobel ceremony […]

By Pawel Florkiewicz and Lidia Kelly | WARSAW WARSAW Polish opposition leaders called on Saturday for days of anti-government protests and vowed to maintain a blockade of parliament’s main hall that the ruling party condemned as an illegal attempt to seize power. About two dozen members of the opposition Civic Platform (PO) took turns to sit in the legislature’s plenary hall through the night and the party’s […]

By Aaron Ross | KINSHASA KINSHASA Talks in Democratic Republic of Congo on Saturday between the ruling coalition and the opposition failed to reach a compromise on the political future of President Joseph Kabila, who is set to stay in power when his mandate ends on Monday. Delegates said the talks will resume on Wednesday once the Catholic bishops mediating the negotiations have returned from a trip […]

2016 is definitely a memorable year for various reasons, but Google’s latest compilation of “Year in Search” reveals that much of the things that made the year memorable were because of huge losses. Not only for those in the United States but for everyone around the globe. The year marked losses due to disease, politics, and terrorism, and issues being searched about often divided the world as […]

By MacDonald Dzirutwe | MASVINGO, Zimbabwe MASVINGO, Zimbabwe Zimbabwean President Robert Mugabe was confirmed on Saturday as his party’s sole candidate for the next presidential election in 2018, when he will be 94. Supporters at a party conference sang a song titled “Mugabe should rule until eternity” as the veteran leader rose to give a speech in which he called for an end to infighting within the […]

Re: Investigation fallout felt around the world, Dec. 11 Investigation fallout felt around the world, Dec. 11 Kudos to the Star for their continuing coverage of “The Panama Papers “ investigation. With every new revelation, it never fails to amaze me, the extent of devious manipulations employed by obscenely wealthy individuals to avoid contributing their fair share of taxes. There is a growing resentment among the rest […]

By Lucia Mutikani | WASHINGTON WASHINGTON U.S. homebuilding fell more than expected in November, tumbling from a nine-year high as construction activity declined broadly, the latest sign of slower economic growth in the fourth quarter. But the housing market remains on solid ground, with Friday’s report from the Commerce Department showing permits for the future construction of single-family homes, the biggest segment of the market, rising to […]

DUBAI // Young footballers dreaming of playing in one of the best leagues in the world are edging closer to achieving their ambitions as trials backed by telecom firm du and Spain’s La Liga move to the next level of selection. The partnership between the home of footballing legends Lionel Messi and Cristiano Ronaldo, and the duFC International scouting programme offers an opportunity for talented youngsters to […]

By Chuck Mikolajczak | NEW YORK NEW YORK Benchmark U.S. stock index rallies, in anticipation of fiscal stimulus measures by the incoming administration of President-elect Donald Trump, could also be laying the seeds for equity market troubles from a stronger dollar and rising bond yields. The S&P 500 stock index .SPX has surged over 8 percent since the Nov. 8 election, due in large part to sectors […]

Capitalism as we know it is irrevocably in its death throes, argues German sociologist Wolfgang Streeck, which on its own is not a novel thesis. In our age of regular financial crashes and bursting bubbles, illiberal movements and borderless wars, even Nobel Prize winners and mainstream thinkers – I think of Joseph Stiglitz, among others – say that the post-war free market regime is broken, and that […]

Wells Fargo has said the number of customers opening accounts has dropped sharply for a third consecutive month — underlining the scale of the fallout from the recent scandal over its sales tactics. Customers opened 41 per cent fewer Wells Fargo current accounts in November than they did a year ago and made 45 per cent fewer credit card applications. These figures cap another difficult week for […]

Where there was discord, Donald Trump has remarkably brought harmony. He has brought peace between the markets and Janet Yellen, as traders at last appear to believe her forecast for interest rates over the next year. The Federal Reserve says it intends to raise rates three times next year, and the market implicitly, through Fed Funds futures, puts the chance of this happening at almost exactly 50 […]

CAIRO: Growing up in Egypt, Mina and other Copts remember all too well the anti-Christian slurs they used to hear at school and on the street.Once, while playing football, a Muslim youth snatched Mina’s necklace and crucifix and stomped on it.“I won’t forget that day,” said Mina, now in his 30s.Egypt is now trying to come to terms with the kind of religious bigotry behind a December […]

Submitted by Duane via Free Market Shooter blog, On Thursday, December 1st,  Yasmin Seweid was allegedly assaulted by Trump supporters in NYC.  According to BuzzFeed and the NY Daily News, the attack took place at the uptown 6 train stop at 23rd Street in midtown Manhattan.  The assaliants allegedly called Seweid a terrorist, broke her bag strap, followed her when she tried to get away from them, […]

A group of intelligence experts, including a former head of MI6, has cut ties with fellow academics at Cambridge university, in a varsity spy scare harking back to the heyday of Soviet espionage at the heart of the British establishment. Sir Richard Dearlove, the ex-chief of the Secret Intelligence Service and former master of Pembroke college, Stefan Halper, a senior foreign policy adviser at the White House […]

Shock is a matter of perspective and expectation. Imagine a time traveller stepped through the door a year ago and said the UK would vote to leave the European Union, a presidential candidate who advocated debt renegotiation would be headed for the White House, and Italy would reject the reforms of Prime Minister Matteo Renzi. Who would have predicted a worldwide bull market for stocks and bonds? […]

Authored by Paul Craig Roberts, The claims that the Russian government hacked US voting machines are absurd. Voting machines are not connected to the Internet. To hack a voting machine you have to be physically in proximity to the machine and use a hand held device.   The machines can be programmed to throw the vote count to one candidate or the other, and there are other […]

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