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Hanging over discussion of Federal Reserve tightening has been a potentially market-shaking question: how to safely unwind the crisis-era asset purchases that bloated the central bank’s balance sheet.  Policymakers led by Janet Yellen, the Fed chair, have approached the topic gingerly, acutely aware of the potential to repeat the so-called taper tantrum of 2013, where ill-timed talk of slowing bond purchases roiled global markets.  Yet for all the […]

Authored by Bethany Bell Rome has been struggling to cope with a rubbish crisis and Austria has spare capacity at a waste-to-energy plant near Vienna. So a deal has been struck. The Italians are paying Austrian company EVN to dispose of up to 70,000 tonnes of Roman household refuse this year. The waste is transported by train through northern Italy, over the Alps and ends up at […]

WASHINGTON At least 352 civilians have been killed in U.S.-led strikes against Islamic State targets in Iraq and Syria since the operation began in 2014, the U.S. military said in a statement on Sunday. The Combined Joint Task Force, in its monthly assessment of civilian casualties from the U.S. coalition’s operations against the militant group, said it was still assessing 42 reports of civilian deaths. It added […]

To understand the dynamics of Pakistani politics, one needs to watch the popular drama series Game of Thrones. Based on George R R Martin’s series of novels A Song of Ice and Fire this drama serial focuses on the moves and conspiracies to win power games. I am sure if the writer or director sees Pakistan’s version of Game of Thrones they would forget their own drama series. […]

By Ahmed Rasheed | BAGHDAD BAGHDAD A top Iraqi commander expects to dislodge Islamic State from Mosul in May despite resistance from militants in the densely populated Old City district. The battle should be completed “in a maximum of three weeks”, the Iraqi army’s chief of staff, Lieutenant General Othman al-Ghanmi, was quoted as saying by state-run newspaper al-Sabah on Sunday. A U.S.-led international coalition is providing […]

Chinese insurance group Anbang has threatened legal action against a leading investigative magazine over what it called “slanderous” allegations about financial irregularities and the marital status of its chairman, in the latest sign of the intensifying power struggle in the financial sector.  Anbang, which has curbed its long acquisition spree amid heightened capital controls, said in a statement on Sunday that Caixin had “forged rumours” that chairman Wu […]

BEIRUT U.S.-backed militias said on Sunday they had made a big advance in Tabqa, a strategically vital town controlling Syria’s largest dam, in their campaign to drive Islamic State from its stronghold of Raqqa, 40km (25 miles) downstream. The Syrian Democratic Forces (SDF), a group of Kurdish and Arab militias, will wait to assault Raqqa until it seizes Tabqa, its military officials have previously said, but it […]

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The pope said he did not know enough about French politics to respond, but, he said, “Europe is in danger of breaking apart, this is true.” He noted that the migrant crisis fueled fears that destabilized the Continent, “but we mustn’t forget that Europe is made by immigrants.” Continue reading the main story “Centuries and centuries of immigrants,” he said. “It’s us.” That inclusive message has proved […]

By Philip Pullella | ABOARD THE PAPAL PLANE ABOARD THE PAPAL PLANE Pope Francis said on Saturday a third country, such as Norway, should try to mediate the dispute between North Korea and Washington, to cool a situation that had become “too hot” and posed the risk of nuclear devastation. Francis said he believed “a good part of humanity” would be destroyed in any widespread war. Speaking […]

The two partners of the law firm at the center of last year’sPanama Papers scandal were released from prison on bail of $500,000 (466,000 euros) each on Friday. However, Jürgen Mossack and Ramon Fonseca will still face legal action over allegations they facilitated the laundering of assets tied to a wide-spread corruption affair in Brazil. The case is not directly tied to the Panama Papers leak. Both […]

Saturday’s American casualty was the third this past week in the fight against the Islamic State. On Wednesday, two American soldiers were killed in Afghanistan during a raid on ISIS fighters. Pentagon officials said they might have been struck by friendly fire. The Defense Department on Friday identified the soldiers, both of them Army Rangers, as Sgt. Joshua Rodgers, 22, and Sgt. Cameron Thomas, 23, deployed from […]

Authored by Patrick O’Shaughnessy via InvestorsFieldGuide.com, My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team led by Steve Eisman, which was one of a small group of firms that figured out, in real time, the dire situation […]

By Giselda Vagnoni and Agnieszka Flak | ROME/MILAN ROME/MILAN Italians are watching their flag carrier Alitalia go into yet another financial tailspin, and a growing number of them believe it would be better for the country if it crashed. Outraged at repeated state bailouts that have cost taxpayers more than 7 billion euros ($7.62 billion) over a decade, many Italians are taking to social media to urge […]

European leaders are warning Theresa May over her “completely unreal” expectations of a swift trade deal, as they gathered in Brussels to agree a tough opening stance on Brexit talks.  Jean-Claude Juncker, the European Commission president, briefed an EU summit on Saturday on a recent dinner where the British prime minister said any Brexit exit payment would only pass before 2019 if accompanied by a full trade […]

It has a granite fountain and a bosque of shade trees. And to some rightwing Americans, the new headquarters of the Consumer Financial Protection Bureau is a monument to all that went wrong under eight years of Barack Obama’s presidency. The budget for the refurbishment of the Washington DC building, at about $363 a square foot, makes it more expensive than the Venetian hotel in Macau or […]

President Donald Trump’s populist views, reality television stardom, and penchant for Twitter insults all but guaranteed an out-of-the-ordinary first 100 days for the billionaire political neophyte. A look at the data reveals how Mr Trump compares with previous Oval Office occupants. Bills signed into law Enacted legislation for last seven presidents in first 100 days Source: govtrack.us The White House touts that Mr Trump has accomplished more […]

BEIRUT Fighting between rebel groups in the biggest insurgent stronghold near the Syrian capital Damascus entered a second day on Saturday, while government forces pressed an offensive against the besieged enclave, a war monitor said. The clashes broke out in part of the densely-populated rural area east of Damascus known as the Eastern Ghouta which has been besieged by Syrian government forces since 2013. The Syrian Observatory […]

In a curious incident that is certain to provoke questions about the proximity, not to mention fund flow, between Israel and ISIS the former Israeli Defense Minister, cited by the Times of Israel, said that  Islamic State terrorists have on at least one occasion “apologized” to Israel for mistakenly attacking IDF soldiers in the occupied Golan Heights. The disclosure may also provide some insight into why after […]

When it comes to repackaging bad loans in the eurozone, 2017 has been a tale of two peripheries. While global investors who had been hoping to buy debt backed by Italy’s non-performing loans have been left disappointed, in Ireland deals are gathering momentum. Lone Star this week priced its latest securitisation of Irish mortgages, with the US private equity firm selling €420m of bonds backed by distressed […]

By John Irish | CHATELLERAULT, France CHATELLERAULT, France French presidential hopeful Emmanuel Macron launched a scathing attack on Friday against politicians who have failed to endorse him against far-right rival Marine Le Pen, saying they were making France “morally weak” and pandering to extremists. Having been caught on the hop by Le Pen since the start of the second round campaign this week, and with just over […]

Russia’s central bank cut its key interest rate, citing the country’s continued emergence from a two-year recession — but the move failed to stop the rouble pushing higher on Friday. The cut — by 0.5 per cent to 9.25 per cent — went further than the incremental 0.25 per cent drop the bank implemented last month, suggesting that the bank was confident of reaching its inflation targets […]

By Matt Robinson | BELGRADE BELGRADE Nationalists in Macedonia are “playing with fire” in refusing to relinquish power and the European Union should consider halting its accession process in order to break a dangerous deadlock, said the former envoy who helped avert civil war in the Balkan country. A long-running political crisis in the former Yugoslav republic turned violent on Thursday when supporters of the ruling VMRO-DPMNE […]

Liberia is once again under the close watch of the World Health Organization (WHO) and the U.S. Centers For Disease Control and Prevention (CDC) after a mystery illness has claimed 11 lives to date. While symptoms of the mystery illness mimic those of early stage Ebola, samples from the deceased tested negative for the disease. Mystery Illness Investigations are now underway after 11 individuals, most of whom […]

When the Nasdaq Composite index first spent two days above the 5,000 mark, it signalled the last gasp of a spectacular bull market. Confidence in internet companies’ power to change the world and mint fortunes was about to collapse. Seventeen years later the market has hit a milestone of 6,000, part of a run of record highs for global equity markets. While stocks have again been rising […]

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