By Michelle Nichols | UNITED NATIONS UNITED NATIONS Russia and China on Monday vetoed a U.N. Security Council resolution that would have demanded a seven-day truce in Syria’s Aleppo, with Russia arguing it would allow rebels to regroup and that time was needed for talks between Washington and Moscow. It was the sixth time Russia has vetoed a Security Council resolution on Syria since the conflict started […]
December 5, 2016 by: Anjli Raval, Oil and Gas Correspondent Oil rose to its highest level since mid-2015, topping $55 a barrel, as traders bet on supplies tightening after Opec struck a deal last week to cut production for the first time in eight years. The 13-member cartel has now invited producers from outside the cartel to Vienna this week, as it looks to secure their backing […]
By Michael Holden | LONDON LONDON The British government’s appeal against a legal ruling that it needs parliamentary approval to trigger the formal process of leaving the European Union is being heard in the country’s top court this week. Prime Minister Theresa May has announced that she will invoke “Article 50” of the EU’s Lisbon Treaty by the end of March and begin the formal Brexit negotiations […]
OPEC’s oil output set another record high in November ahead of a deal to cut production, a Reuters survey found on Monday, helped by higher Iraqi exports and extra barrels from two nations exempted from cutting supply – Nigeria and Libya. The latest rise in supply means the Organization of the Petroleum Exporting Countries will have a bigger task in complying with a plan to cut supply […]
Shinzo Abe will make a historic visit to Pearl Harbor later this month where he will remember the dead of World War Two alongside outgoing US president Barack Obama. The visit will make Mr Abe the first sitting Japanese prime minister to visit Pearl Harbor since his country’s surprise attack on the Hawaiian port began the Pacific war 75 years ago. Following Mr Obama’s visit to the […]
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 […]
By Se Young Lee and Hyunjoo Jin | SEOUL SEOUL The heads of nine of South Korea’s top conglomerates controlling revenue equivalent to half the country’s economy face an unprecedented televised grilling by lawmakers on Tuesday, as the glare from a widening political scandal falls on Korea Inc. A parliamentary panel is investigating whether the so-called chaebol, which include the heavyweight Samsung and Hyundai Motor Groups, were […]
Following a successful listing on the Australian Securities Exchange (ASX) on November 17 with a market capitalisation of AU$23 million, conversational commerce company Flamingo is now looking at Australia as a key market, with online lending marketplace DirectMoney being announced as its first local client. Born in Australia and based in the US, Flamingo is a software-as-a-service (SaaS) company that provides an “intelligent guided selling platform” to […]
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 […]
BEIRUT, Lebanon — Syrian government troops pushed deeper into the rebel-held section of Aleppo on Sunday, now controlling about half of what had been for years the rebels’ enclave in the divided northern city. Also on Sunday, airstrikes apparently carried out by the government or its ally Russia hit the towns of Maarat al-Noaman and Kafr Nabl in rebel-held Idlib Province. The strikes killed at least 20 […]
The cashless society is catching up to all of us. As SHTFPlan.com’s Mac Slavo notes, Most of Europe has shifted that way, and now India is forcing the issue. In the United States, people are being acclimated to it, and may soon find that no other option is practical in the highly-digitized online world. Once that takes hold, the banksters, bureaucrats and hackers will have total […]
Patriots Cruise Past Rams Photo Patriots receiver Chris Hogan celebrated a first-half touchdown against the Rams. Credit Maddie Meyer/Getty Images The New England Patriots may have lost some explosiveness on offense with the season-ending injury to Rob Gronkowski, but with the way the team’s defense swallowed Jared Goff whole, a missing piece on New England’s offense hardly seemed to matter as the Patriots beat the Los Angeles […]
By Tom Perry and Suleiman Al-Khalidi | BEIRUT/AMMAN BEIRUT/AMMAN As the Syrian government and its allies prepared to ramp up their attack on Aleppo in November, one of the rebel groups defending the opposition-held part of the city took up arms against another, seizing its stores of ammunition, fuel and food. The incident near an Aleppo frontline underlined the rebel rivalries that only worsened in the face […]
By Saif Hameed and Ulf Laessing | BAGHDAD/BARTELLA, Iraq BAGHDAD/BARTELLA, Iraq Islamic State fighters retreating in the face of a seven-week Iraqi military assault on their Mosul stronghold have hit back in the last two days, exploiting cloudy skies which hampered U.S.-led air support and highlighting the fragile army gains. In a series of counter-attacks since Friday night, the jihadist fighters struck elite Iraqi troops spearheading the […]
newslide Director Gareth Edwards has cameo in Rogue One Director Gareth Edwards says he gave himself a cameo in the upcoming Star Wars spin-off Rogue One: A Star Wars Story. But, as with most things Star Wars, Edwards is staying mum on what exactly that entails. The reveal, he said, might have to wait for the DVD extras. Edwards is a self-proclaimed Star Wars super fan and […]
High inventories and the potential for US shale production to respond quickly to any market tightening mean oil prices may flatline in 2017 before gradually moving higher over the next few years, according to Fitch Ratings. The ratings agency said it expects supply and demand to be broadly balanced in the first half of next year, with a move to a more pronounced deficit from July onwards. […]
Bizarrely enough, it’s difficult to determine what constitutes a “small business” in the United States. The US Small Business Administration has a table of standards [PDF] that ranges from about 250 to over a thousand employees. On the other hand, the Affordable Care Act kicks in certain requirements for businesses with over 50 employees. So, what exactly is small? When I researched my book, How To Save […]
By Sanjeev Miglani | AMRITSAR, India AMRITSAR, India Afghan President Ashraf Ghani said on Sunday that the Taliban insurgency would not survive a month if it lost its sanctuary in neighbouring Pakistan, urging its neighbour to take on militant groups on its soil instead of giving Kabul financial aid. Ghani’s remarks, made at an international conference in the northern Indian city of Amritsar not far from the […]
By Arno Schuetze | FRANKFURT FRANKFURT Deutsche Bank’s Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said, […]
Photo Tiger Woods after a shot on the 11th fairway during the third round at the Hero World Challenge in Nassau, the Bahamas. Credit Lynne Sladky/Associated Press NASSAU, the Bahamas — On his fifth hole Saturday at the Hero World Challenge, Tiger Woods holed a bunker shot for his fourth birdie of the day. It had taken him only 41 holes in his first competitive start in […]
By Ahmed Rasheed | BAGHDAD BAGHDAD No food or fuel has reached Mosul in nearly a week and the onset of rain and cold weather threatens a tough winter for more than a million people still in Islamic State-held areas of the city, residents said on Saturday. Iraqi troops waging a six-week-old offensive against the militants controlling Mosul have advanced into eastern city districts, while other forces […]
By James Macharia | JOHANNESBURG JOHANNESBURG South African President Jacob Zuma has asked the High Court to set aside a report by an anti-corruption watchdog that called for a judicial inquiry into alleged influence-peddling in his government, the president’s office said on Saturday. While stopping short of conclusive findings, the report by the Public Protector watchdog has increased political pressure on Zuma by calling for an investigation […]
US technology shares faced one of their worst weeks of 2016 as investors shifted their focus to equities that will benefit from the soaring price of oil and the policies of the Trump administration. The S&P 500 technology index, a measure of large companies in the sector, has declined 3 per cent since Friday last week. The fall represents the steepest drop since late April, when Apple […]
By Tom Perry, Isla Binnie and Vladimir Soldatkin | BEIRUT/ROME/MOSCOW BEIRUT/ROME/MOSCOW Russia said on Saturday it was ready for talks with the United States about a withdrawal of all Syrian rebels from eastern Aleppo where advances by the Russian-backed Syrian army and its allies threaten to deal a crushing blow to the rebellion. An official with an Aleppo rebel group accused Russia of backtracking on ideas agreed […]
