Shares of Goldman Sachs Group Inc (GS.N) on Wednesday climbed to their highest levels since the financial crisis, as the bank benefited from a post U.S. presidential election rally. The stock reached $220.77 in late morning trading, returning to a point not seen since December 2007. Goldman was the biggest driver for the Dow Jones Industrial Average .DJI adding 56.2 points out of a net gain of […]
Law Blog rounds up the morning’s legal news: Wisconsin recount: A Wisconsin judge refused to order local election workers to conduct the state’s upcoming presidential recount completely by hand. [AP, Reuters] Market-manipulation trial: A rare market-manipulation trial begins in a Manhattan federal court, as one of the biggest U.S. futures traders enters a risky showdown […] (via WSJ)
Photo Prince Alwaleed bin Talal in Riyadh, Saudi Arabia, in 2015. In a four-page letter posted on his personal website, the prince argued that “it is high time that Saudi women started driving their cars.” Credit Fayez Nureldine/Agence France-Presse — Getty Images A prominent Saudi prince and business magnate has added his voice to the debate over women’s rights in his country, urging it to abandon its […]
KUWAIT Kuwait’s Emir reappointed Prime Minister Sheikh Jaber al-Mubarak al-Sabah on Wednesday, state news agency KUNA said, days after a parliamentary election seen as a rejection of austerity measures brought on by low oil prices. Opposition candidates are estimated to have won around 20 seats out of 50 in the Kuwaiti elections on Saturday that saw most parliament members replaced. The results of Saturday’s vote are likely […]
• Mountain Dew branded ride unveiled at IMG Worlds of Adventure. • PepsiCo announced as preferred beverages partner for the world’s largest indoor theme park in Dubai. UAE, Dubai – November 30, 2016: PepsiCo has unveiled the official grand entrance marquee of the Mountain Dew-sponsored “Predator” ride, at the newly opened IMG Worlds of Adventure. The global food and beverage company has also announced that it will […]
Part of the reason for Donald Trump’s triumph in the US election was that, as he would say, his cyber was the strongest. In the first social media election, Trump rallied a world’s worth of hackers and extreme digital natives to his side. If he can keep that anarchic crowd on board, he’ll not only have the world’s best cybersecurity, he’ll have a cyber army. […]
By Jack Kim and Ju-min Park | SEOUL SEOUL South Korean opposition parties vowed on Wednesday to push ahead to try to impeach President Park Geun-hye amid a growing influence-peddling scandal, rejecting her offer to resign, and called on members of her Saenuri Party to join them. In a dramatic move that shifted the burden of resolving the crisis engulfing her presidency, Park asked parliament on Tuesday […]
By Noah Barkin | BERLIN BERLIN Fear of globalisation is the most important factor in pushing European citizens towards populist right-wing parties and those fears are most acute in Austria and France, a survey by Germany’s Bertelsmann Foundation showed on Wednesday. The study showed that 55 percent of Austrians and 54 percent of French view globalisation as a threat, the only countries surveyed in which a majority […]
BEIJING China called on Wednesday on Taiwan to stay out of Hong Kong’s affairs, saying self-ruled Taiwan was “talking nonsense” about the former British colony and warning it not to damage Hong Kong’s stability. Chinese leaders are concerned about a fledgling independence movement in Hong Kong, which returned to mainland rule in 1997 with a promise of autonomy, and recent protests in the city. Beijing staged a […]
Photo Mahmoud Abbas, third from right, the Palestinian Authority president, at a Fatah party conference on Tuesday in Ramallah, West Bank. Credit Presidential Office, via Reuters RAMALLAH, West Bank — Under fire at home and abroad, President Mahmoud Abbas of the Palestinian Authority moved on Tuesday to solidify his decade-long hold on power with a party conference that had already been purged of most of his opponents. […]
TAIPEI/BEIJING Taiwan has expressed its “stern opposition” to Malaysia’s deportation of 21 Taiwanese suspected of multi-million dollar telecoms fraud to China, the latest example of a problem that has strained cross-Strait ties. China’s official Xinhua news agency said the 21 Taiwanese were among 74 fraud suspects who were escorted from Malaysia by Chinese police and arrived in Wuhan in central China late on Tuesday. The other 53 […]
In this year’s election, the most powerful news source was Facebook. More than 40 percent of US adults—that’s more than watch any single TV channel—get their news from Facebook, according to Pew, and as plenty of journalists have recounted, the platform is flooded with hyperpartisan fake news. Yet Mark Zuckerberg and Facebook’s leadership refuse to own up to their responsibility for our politics. Zuckerberg argued […]
Donald Trump secured a victory on Tuesday night after the Carrier company agreed to keep about 1,000 jobs in Indiana instead of moving them to Mexico, with the president-elect having repeatedly threatened to penalise US companies that move jobs to cheaper foreign destinations. The news came after Mr Trump tweeted on Thanksgiving Day that he was working with Carrier, a unit of United Technologies, to keep jobs […]
Submitted by Giuseppe Macri via InsideSources.com, The Obama administration’s revolving door with Google has been anything but subtle over the last eight years, and a new report from a government watchdog out this week shows the Silicon Valley giant hoped to extend that relationship to what many expected would be a Hillary Clinton presidency. According to Campaign for Accountability, a non-profit government watchdog, that door was already […]
I’m willing to bet that self-driving cars are not high on president-elect Donald Trump’s list of policy priorities in his first 100 days in office. He’ll likely be so overwhelmed with the immediate demands of his office and squaring his campaign promises with his party’s often-competing agenda that federal regulation of autonomous vehicles will be on the backburner for a while. But with autonomy accelerating […]
For six and a half years, Donald Trump battled fraud allegations against his now-defunct Trump University, claiming it duped students into thinking they’d get personal access to the real estate mogul and the secrets to his success. After both sides vowed to go to trial, the litigation settled for $25 million the week before Thanksgiving, days before a trial was set to begin in San Diego. As part of the […]
5825 25 by Shannon K. O’Neil November 4, 2016 DATE IMPORTED:November 02, 2016Protestors call for the removal of President Jacob Zuma outside court in Pretoria, South Africa, November 2, 2016 (Reuters/Mike Hutchings). Report May Bring Down South Africa’s President New allegations may finally bring down teflon president Jacob Zuma. Despite his earlier legal protests, South Africa’s public protector’s office released a report suggesting that a wealthy family close […]
By Scott Malone The number of hate and bias incidents reported across the United States spiked in the 10 days following Donald Trump’s presidential election victory, according a report released on Tuesday by a civil rights advocacy group. The report, by the Southern Poverty Law Center, documents 867 incidents ranging from assaults to threatening graffiti messages, based on incidents reported to the group or by news media. […]
In the wake of Donald Trump’s surreal ascension to POTUS, Facebook CEO Mark Zuckerberg publicly defended his company’s culpability in Trump’s win. Critics have pointed to Facebook’s propagation of fake news via the site’s algorithmically curated “Trending Topics” module and—perhaps even most dastardly—within users’ News Feed as directly responsible for the rise of America’s first potentially authoritarian-ish leader. Zuck’s public refutation exists within a larger […]
Tuesday 15:15 GMT Overview The dollar and Treasury yields are steadying, but US equities are edging lower, as stronger-than expected US GDP data raise concerns that the Federal Reserve may quicken the pace of interest rate rises. The firmer buck is adding to pressure on commodity prices, with gold selling off and oil prices sliding on scepticism over an Opec deal to curb output. Hot topic It […]
An employee of a foreign exchange trading company works near monitors showing U.S. President-elect Donald Trump speaking on TV news (top) in Tokyo, Japan, November 9, 2016. (Toru Hanai/Reuters). With Donald Trump’s victory, the prospects for digital trade have dimmed. This development owes much to the hostility towards trade that Trump brings to the presidency. But it also involves shifts more fundamental than Trump’s rejection of trade […]
4224 28 by Adam Segal November 18, 2016 A man is silhouetted against a video screen with an Facebook logo as he poses with an Samsung S4 smartphone in this photo illustration taken in the central Bosnian town of Zenica, August 14, 2013. (Dado Ruvic/Reuters) Here is a quick round-up of this week’s technology headlines and related stories you may have missed: 1. Disinformation. Disinformation everywhere. Since Donald Trump’s […]
BERLIN German Finance Minister Wolfgang Schaeuble praised the economic programme of French presidential contender Francois Fillon and said he hoped the conservative candidate’s far-right rival Marine Le Pen would never become president. Speaking at a foreign policy conference in Berlin on Tuesday, Schaeuble said Fillon’s economic programme had “strong plausibility” and could help France reach its true potential. “To be clear, I hope that Mrs. Le Pen […]
The US military presence in the Gulf poses the main risk of conflict in the region, an Iranian military official said on Tuesday after Washington said an Iranian vessel had pointed its weapon at a US helicopter in the strategic Strait of Hormuz. Two US defence officials told Reuters on Monday that a small vessel operated by Iran’s Revolutionary Guard Corps (IRGC) trained its weapon on a […]
