Donald Trump launched a promised assault on “burdens” imposed by government within hours of becoming US president on Friday by moving to loosen rules tied to Obamacare and halting the introduction of any new regulations. Between the end of the daytime inaugural parade and the start of evening balls, the Trump administration took its first major policy moves by ordering government agencies to do all they could […]
By Nate Raymond and Ju-min Park | NEW YORK/SEOUL NEW YORK/SEOUL The U.S. government has asked South Korea to arrest a brother of former U.N. Secretary-General Ban Ki-moon on charges that he engaged in a bribery scheme to carry out the sale of a Vietnamese building complex, a U.S. prosecutor said on Friday. During a court hearing in federal court in Manhattan, Assistant U.S. Attorney Daniel Noble […]
In strange and confusing times, with disenchantment at successive governments aggravated by feelings of insecurity after terrorist attacks, looming elections threaten to produce a socially-divisive outcome France may come to regret. One essential question faces French voters: should they embrace the extraordinary political turmoil that has swept the West and elect Marine Le Pen, leader of the anti-immigration Front National, a party many see as racist, as […]
WASHINGTON — As the clock wound down on Barack Obama’s presidency, an Air Force B-52 bomber carried out a punishing airstrike against a training camp of Al Qaeda in Syria, the Pentagon said Friday. The attack, which took place west of Aleppo, killed more than 100 fighters, according to the Pentagon. Armed drones were also involved in the operation, which took place Thursday evening local time. It […]
National Staff ABU DHABI // The UAE expressed grave concern on January 20 over the plight of the Rohingya Muslim minority in Myanmar. It reiterated support for efforts being made to alleviate the suffering of Muslims in the southeast Asian country while urging its government to promote harmony among Myanmar’s ethnic segments. “What is happening now is a slow genocide being carried out against the Rohingya Muslim […]
George Osborne, the former UK chancellor, is to join BlackRock, the world’s largest asset manager, as an adviser. BlackRock’s chairman and chief executive Larry Fink said the company wanted Mr Osborne’s “unique and valuable perspective on the issues affecting the world”, citing his work helping the UK and the G20 to recover from the financial crisis. “At the centre of our mission is helping people around the […]
BERLIN German diplomats helped broker a ceasefire between the Syrian government and rebel forces in a mountainous valley near Damascus, a deal designed to restore water supplies to the capital, the German foreign ministry said on Friday. The agreement, first reported by German news magazine Der Spiegel, is aimed at giving opponents of the Syrian government an opportunity to withdraw from the Wadi Barada valley to the […]
Kabir Mulchandani is a hands-on developer. While he may not be laying bricks, the SKAI Holdings CEO forwent his air-conditioned office in Downtown Dubai for an often stinking hot construction site on the Palm Jumeirah for the two years that it took for his flagship $1.2 billion hotel to be built. It was only in November that he finally walked offsite when the Viceroy Dubai Palm Jumeirah […]
“Comeback is a good word, man,” noted the actor Mickey Rourke, after portraying a washed-up wrestler led to a career renaissance. Could 2017 be the year when stockpickers can say the same thing? The post-financial crisis environment has been unkind to active investing, especially in equities, with most portfolio managers unable to beat their benchmarks even before costs. That has accelerated the seismic investor shift towards cheap, […]
HTC Vive has launched a $10 million program to support virtual reality developers working on projects that drive awareness and understanding of global issues such as famine, poverty, gender disparity, and climate change. VR technology has drawn a lot of attention, particularly in the last few years, for its ability to stimulate our senses, transport us to an alternate reality, and ultimately entertain us. But beyond the […]
Submitted by Peter Schiff via Euro Pacific Capital, There is much we don’t know about how the Trump presidency will play out. Will the Wall get built? Who will pay for it? Will it have at least some fencing? Will repeal and replace happen at exactly the same time? Will Trump throw a ceremonial switch? Will there be a Trump National Golf Course in Sochi? It’s anyone’s […]
PARIS France will scale back preventive slaughtering of ducks to counter bird flu after the culling of 800,000 birds this month helped slow the spread of the disease in the southwest, the country’s agriculture minister said on Thursday. France resorted to a mass cull after the highly contagious H5N8 strain of bird flu started spreading among farms in the southwest, the country’s main production zone for the […]
Puerto Rico and its creditors have returned to the bargaining table this week as newly-elected governor Ricardo Rosselló seeks to reset negotiations after an acrimonious two years between the island and its bondholders. Mr Rosselló, who was elected in November last year to the US territory’s highest public office, said in an interview with the Financial Times on Thursday that he wanted to take a “philosophical shift” […]
Steven Mnuchin, Donald Trump’s nominee to be Treasury secretary, clashed with Democrats over the business practices of the lender he once chaired, saying he had been wrongly accused of taking advantage of unfortunate borrowers and that he would work “tirelessly” to boost the economy and US hiring. The former banker told the Senate finance committee that he had been maligned and that OneWest, the bank, had extended 100,000 […]
By Isabel Coles | MOSUL, Iraq MOSUL, Iraq Most Islamic State (IS) commanders in Mosul have been killed in battles with Iraqi government forces that raged over the past three months in the eastern side of the city, an Iraqi general said on Thursday. The fight to take the western side of Mosul, which remains under the jihadists’ control, should not be more difficult than the one […]
MOSCOW Russian Foreign Minister Sergei Lavrov said on Thursday that the United States had been invited to upcoming talks on the Syria conflict that are to take place in the Kazakh capital, Astana, later this month, RIA news agency reported. (Reporting by Polina Devitt; writing by Alexander Winning; editing by Polina Devitt) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var […]
While ECB President Mario Draghi may sound slightly hawkish at tomorrow’s press conference after an unexpectedly strong acceleration in CPI in December and European economic growth modestly picking up, the ECB is set to argue on Thursday that its extra-easy policy stance is still needed to keep the recovery on course. As a result, it is all but certain to leave current monetary policy in place and […]
Lt. Gen. Talib Shaghati of the Iraqi Army said on Wednesday that his forces had effectively taken control of the eastern side, declaring that “important lines and important areas are finished.” He spoke at a news conference in Bartella, a town east of Mosul. Continue reading the main story Prime Minister Haider al-Abadi of Iraq, in a statement posted on his Twitter account, extolled what he described […]
By Emma Farge and Diadie Ba | DAKAR DAKAR Mauritanian President Mohamed Ould Abdel Aziz flew to Senegal to meet with President Macky Sall after last-ditch talks in Gambia aimed at resolving a crisis over the transfer of power, a Senegalese presidential source told Reuters on Thursday. Aziz left Gambia shortly before midnight, when Gambian leader Yahya Jammeh’s presidential mandate expired. Senegal, with backing from leaders in […]
Senegalese troops were massed last night on the Gambian border, preparing for a possible invasion if Yahya Jammeh, Gambia’s president, refused to step down by midnight. Minutes after midnight, the official end of his term in office, there was no word from Mr Jammeh. As the clock ticked down on Mr Jammeh’s term, diplomatic efforts to persuade him to go had continued. Mohamed Ould Abdel Aziz, Mauritania’s […]
ABIDJAN Heavy gunfire erupted after dark on Wednesday in Ivory Coast’s second port city, San Pedro, residents said, as two weeks of military uprisings that have tarnished the West African nation’s image as a post-war success story showed no sign of letting up. The shooting came just hours after the other main port in the commercial capital, Abidjan, reopened after paramilitary gendarmes firing in the air temporarily […]
By Kate Kelland | DAVOS, Switzerland, DAVOS, Switzerland, A global coalition of governments, health specialists and philanthropists will launch a new plan on Thursday to “outsmart” future disease epidemics with a fund to prepare and create new vaccines. Stung by the devastation of West Africa’s 2014-2015 Ebola outbreak, which killed more than 11,300 people before an effective vaccine was developed, the coalition is aiming to ensure such […]
The sole Republican commissioner at the main US derivatives regulator has thrown his hat in the ring to be appointed the next chairman, even as he embraced aspects of financial reforms that Donald Trump’s team wants dismantled. Christopher Giancarlo, of the Commodity Futures Trading Commission, is set to assume the job of acting chairman after Mr Trump’s presidential inauguration on Friday, replacing Tim Massad, the sitting Democratic […]
US financial stocks have come under pressure since the start the year, denting a sharp rise that began after the election, in the latest sign that the Trump trade has begun to run out of steam. The S&P 500 financial sector has fallen 1.1 per cent since the end of 2016, bucking the broader index that has risen by 1.4 per cent. While the financial index was […]
