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By Roberta Rampton and Ben Blanchard | WASHINGTON/BEIJING WASHINGTON/BEIJING The White House said on Monday it had sought to reassure China after President-elect Donald Trump’s phone call with Taiwan’s leader last week, which the Obama administration warned could undermine progress in relations with Beijing. The statement from a spokesman for U.S. President Barack Obama highlighted concerns about the potential fallout from Trump’s unusual call with Taiwan President […]

Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy. U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday’s employment report that showed strong job gains last month. U.S. stocks have climbed since the Nov. 8 […]

By Sebastien Malo NEW YORK (Thomson Reuters Foundation) – California lawmakers planned on Monday to introduce legislation that would help protect undocumented immigrants under the administration of President-elect Donald Trump, who campaigned on hard-line promises of mass deportations. The bills, if passed, would provide free legal services to undocumented immigrants facing deportation and assist them in criminal court, according to the California Democratic lawmakers introducing the proposals. […]

Italy’s president has asked Matteo Renzi to stay on as Italy’s prime minister until the country’s budget law is passed in parliament, extending his stay at the helm of the Italian government for possibly a week. At a meeting in the presidential palace in Rome, Mr Renzi expressed his intention to resign after suffering a bruising defeat in a constitutional reform referendum held on Sunday. But Sergio […]

By Amy Tennery | NEW YORK NEW YORK Green Party presidential nominee Jill Stein pressed her case on Monday for recounts of U.S. presidential ballots in three states, and locked horns with President-elect Donald Trump over her motives. Stein sued Pennsylvania election officials in federal court, demanding a statewide recount. Hours earlier, a federal judge in Michigan ordered a recount to begin there without delay. In Wisconsin, […]

By Jonathan Spicer | NEW YORK NEW YORK The U.S. election of Donald Trump has created “considerable” uncertainty over the policies he will pursue so it is too soon for the Federal Reserve to judge whether its plan for gradual interest rate hikes needs adjusting, one of the most influential Fed policymakers said on Monday. In a speech that stepped well into fiscal policy, including a nod […]

PML-N leaders say PTI has been using delaying tactics in Election Commission of Pakistan (ECP) and Panama Papers case. Addressing a press conference in Islamabad on Monday evening, Minister of State for Capital Administration and Development Division Tariq Fazal Chaudhry and MNA Daniyal Aziz said PTI has failed to give any evidence before the court in Panama Papers case. Tariq Fazal Chaudhry said we want the case […]

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Monday 14.40 GMT Overview Italy’s stock market and much of the country’s banking sector is back under pressure, as investors refine their response to the No vote in the country’s referendum on constitutional reform that led to the resignation of Prime Minister Matteo Renzi. The yield on the country’s benchmark sovereign debt yield remains higher as investors continue to sell Italian government bonds. Italy’s 10-year government debt […]

In the United States, too, I found resistance to the idea that Brexit was a harbinger of a Trump victory. I was assured over and over by liberal friends that Trump would never be president. American voters were too sensible to fall for his hateful demagogy. Trump, I was told, was a product of peculiarly American strains of populism that flare up periodically, like the anti-immigrant nativism […]

BEIJING Iran’s nuclear deal with six major powers should continue regardless of changes in the internal situation of participant nations, China’s Foreign Minister Wang Yi told Iran’s visiting foreign minister during a meeting in Beijing on Monday. The future of the deal to curb Iran’s nuclear programme has been thrown into jeopardy with U.S. President-elect Donald Trump set to take office next month. During his election campaign […]

Jayaram Jayalalithaa, the chief minister of the southern state of Tamil Nadu and one of India’s most powerful politicians, was in “very critical” condition Monday, a day after she suffered a cardiac arrest, according to authorities at the hospital where she is being treated. Ms. Jayalalithaa, who has a cult-like following, was on life support systems, Apollo Hospitals said in statement Monday afternoon. Four doctors from New […]

By Jack Kim and Ju-min Park | SEOUL SEOUL Besides South Korean President Park Geun-hye, the biggest casualty of the country’s mushrooming political corruption scandal may be the presidential aspirations of United Nations Secretary-General Ban Ki-moon. Although he has not declared his candidacy, Ban was until a month ago the front-runner in opinion polls to win the election scheduled for Dec. 20, 2017, a race he was […]

Shares in Italian banks opened sharply lower Monday morning after voters rejected the country’s constitutional reform referendum, with investors questioning whether some of Italy’s largest financial institutions will now be able to raise capital needed to shore up their finances. Milan’s stock market benchmark, the FTSE Mib, was down 1.4 per cent to 16,857.0 in opening trading, led lower by its banks after Matteo Renzi, Italy’s prime […]

The company responsible for rolling out the National Broadband Network across Australia was directly warned that a draft opinion piece by its chairman, Ziggy Switkowski, could potentially be seen as favouring one side during an election campaign. (Screenshot: Chris Duckett/ZDNet) In a letter submitted in response to Senate Questions on Notice late Friday afternoon, Deputy Secretary of the Department of Communications and the Arts Ian Robinson told […]

Submitted by Michael Shedlock via MishTalk.com, On the same day Matteo Renzi suffered a crushing defeat at the hands of alleged “populists” in Italy, German finance minister Wolfgang Schäuble ruled out debt relief for Greece ahead of a eurozone finance minister meeting.  Schäuble says Greece Must Reform or Leave Eurozone. Greece must implement economic reforms if it is to keep its place in the eurozone, Germany’s finance […]

PARIS Socialist French Prime Minister Manuel Valls is to announce later on Monday that he will run for president in next year’s election, Agence France-Presse and French television reported. Valls’ office issued a statement that he would make a declaration at 1730 GMT at the town hall in Evry, just south of Paris, but it gave no further details. His expected announcement follows a primary ballot in […]

John Key has resigned as New Zealand’s prime minister, saying it felt like “the right time to go” and that he wanted to leave on his own terms ahead of next year’s general election.  Mr Key, a former Merrill Lynch banker who won three consecutive elections and whose National party is ahead in opinion polls, said he would vote for Bill English, deputy prime minister, in a […]

By Crispian Balmer and Gavin Jones | ROME ROME Italian Prime Minister Matteo Renzi said he would resign after suffering a crushing defeat on Sunday in a referendum on constitutional reform, tipping the euro zone’s third-largest economy into political turmoil. His decision to quit after just two and a half years in office deals a blow to the European Union, already reeling from multiple crises and struggling […]

By Nichola Saminather and Wayne Cole | SINGAPORE/SYDNEY SINGAPORE/SYDNEY The euro was under the gun on Monday, skidding to a 20-month low after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilise the country’s shaky banking system. The single currency, which slumped to as low as $1.0505 EUR= in early Asian trade after opening at around $1.0685, […]

Every morning in the Philippines, a handful of bodies are found littering the streets. Their faces are often covered in black plastic tape. Sometimes there are signs of torture. Usually, they have been shot in the head. Few bother police – they are usually suspected of being responsible. No one, frankly, should be surprised that it is happening. The country’s democratically elected leader, after all, was elected […]

Two days after Donald Trump created a diplomatic dispute with China over Taiwan, the president-elect took to Twitter on Sunday evening to criticise Beijing and defend his decision to speak with the Taiwanese president. China issued a protest on Saturday after Mr Trump spoke on the phone with Tsai Ing-wen, the first such contact with a Taiwanese leader since the US severed diplomatic ties in 1979. Although […]

By Ali Sawafta | RAMALLAH, West Bank RAMALLAH, West Bank Palestinian President Mahmoud Abbas kept a strong grip on his Fatah movement in an election in which his loyalists remained dominant in its top decision-making body, final results showed on Sunday. The outcome of the voting, held on Saturday during the first congress of Abbas’s Fatah party for seven years, signalled no change in a policy of […]

Europe’s mainstream political parties have voiced their relief after Austria voted against a far-right nationalist becoming president in an election that had been seen as the first of two tests of populism on the continent on Sunday. Alexander Van der Bellen, a Green politician who ran as an independent, won 53.3 per cent of the vote while his far-right opponent, Norbert Hofer of the Freedom party, won […]

By Roberta Rampton | WASHINGTON WASHINGTON U.S. Vice President-elect Mike Pence on Sunday downplayed the significance of a phone conversation between Donald Trump and Taiwan’s president, describing it as a “courtesy call” that was not intended to show a shift in U.S. foreign policy. Trump’s call with Taiwan President Tsai Ing-wen on Friday was the first by a U.S. president-elect or president with a Taiwanese leader since […]

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