By Jonathan Landay | WASHINGTON WASHINGTON The risk of conflicts between and within nations will increase over the next five years to levels not seen since the Cold War as global growth slows, the post-World War Two order erodes and anti-globalization fuels nationalism, said a U.S. intelligence report released on Monday. “These trends will converge at an unprecedented pace to make governing and cooperation harder and to […]
By Tulay Karadeniz (Corrects to U.S. support in fourth paragraph) By Tulay Karadeniz ANKARA President Tayyip Erdogan said on Monday he believes Turkey’s dialogue with the United States will gain pace after President-elect Donald Trump takes office and that they will reach a consensus on regional issues. Relations between Washington and Turkey – a NATO ally key to the U.S.-led fight against Islamic State in Syria and […]
BEIRUT Syrian President Bashar al-Assad said his government is ready to negotiate on “everything” in proposed peace talks in Kazakhstan but said it was not yet clear who would represent the opposition and no date had been set. Assad also said a ceasefire brokered by Turkey and Russia, his most powerful ally, ahead of the talks was being violated and the army’s role was to recapture an […]
The Commonwealth Ombudsman Colin Neave has opened an investigation into the Centrelink automated debt recovery system that has come under fire for sending some letters demanding money repayment in error to welfare recipients. A spokesperson for Neave told ZDNet the Ombudsman is aware of the concerns raised about the automated data matching system used by Centrelink, and has commenced an own-motion investigation into the matter. Although the […]
After one of the most tumultuous years in its modern history, Turkey is struggling to convince global investors to look beyond economic weakness and political risk. Fund houses willing to bet on countries such as South Africa, where a corruption scandal is consuming the ruling ANC party, and Brazil, where President Michel Temer is battling to save his administration from corruption investigations, say the headwinds facing Turkey […]
Some analysts say Russia appears to have arrived at an accommodation in which the Turks are moving to establish a security zone in northern Syria to preclude Syrian Kurds from setting up an autonomous region. In return, the Turks appear to be backing off their efforts to unseat President Bashar al-Assad of Syria, who, with Russian help, is strengthening his hold on the country’s major cities to […]
A week after a gunman killed 39 people in an Istanbul nightclub, the suspected assailant remains at large and secular Turks are feeling under attack. ISIS claimed the shooting, calling it an assault on what it called “a pagan holiday.” The government’s pledge to defend all lifestyles hasn’t kept an atmosphere of fear from descending on some of Istanbul’s secular neighborhoods. By way of contrast, some Turks […]
“This is part of the same pattern inspired by Islamic State, by ISIS, that we saw first in France, then in Germany and now in Jerusalem. This is part of the same ongoing battle against this global scourge of the new terrorism,” he added. Continue reading the main story Mr. Netanyahu has often made the comparison between local attacks against Israelis and those in the rest of […]
ABU DHABI // The Gulf has been left without the protection of a naval strike force after the United States Navy withdrew out its sole aircraft carrier last month. With the Dwight D Eisenhower returning to Norfolk, Virginia, at the end of December and its relief, the George H W Bush yet to leave port in the US, the gap of potentially two months is seen as […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on debunking misleading parallels between Reaganomics and Trumponomics and what changes the new US president’s policies will force in investor behaviour. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. The world is too different from the 1980s for Donald Trump to achieve […]
How’s your weekend going? Redditor, Law School Graduate, and nimble navigator William Craddick (/u/PleadingtheYiff / brand new Twitter handle @williamcraddick) has made quite the name for himself on Reddit’s “The_Donald” forum. In just three short months, Craddick has managed to rack up over 153,000 “post karma” and 48k “comment karma,” which (if you’re not familiar) is impressive. The guy is an incredibly effective dot-connector, perhaps owing it to his legal training – often posting lengthy reads that […]
The reputation of the main hospital in Iten was so bad that the only people who went there were those who wanted to “die quickly”, says Alex Tolgos, the county governor. But four years since Kenya started what the World Bank calls “one of the most rapid and ambitious devolution processes” on the planet, the hospital in the western Kenyan town has been transformed. More than half the […]
BAGHDAD A car bomb blast killed at least 12 people and wounded 50 others at a vegetable market in eastern Baghdad on Sunday, police and medical sources said. The explosion hit the mainly Shi’ite district of Jamila, the sources said. There was no immediate claim of responsibility for the bombing. A series of attacks in the Iraqi capital and other cities in just over a week has […]
On the heels of Czech President Milos Zeman’s warnings of a possible “super-Holocaust” carried out by Muslim terrorists, urging citizens to arm themselves, WaPo reports the country’s interior ministry is pushing a constitutional change that would let citizens use guns against terrorists if police are delayed or unable to make their way to the scene of an attack. Czech president Milos Zeman had previously proposed that economic […]
BAGHDAD Iraq’s Prime Minister Haider al-Abadi said on Saturday an agreement had been reached with Turkey over an Iraqi demand that Turkish forces withdraw from the Bashiqa camp near Mosul in the north of the country, Iraqi state TV reported. However, a joint communique issued after Abadi met his Turkish counterpart Binali Yildirim in Baghdad did not refer to any such deal, but said both sides stressed […]
By Ange Aboa and Loucoumane Coulibaly | BOUAKE, Ivory Coast BOUAKE, Ivory Coast Disgruntled soldiers demanding salary increases and the payment of bonuses seized control of Ivory Coast’s second-largest city, Bouake, on Friday, in an uprising that spread to at least two other cities. A statement from Defence Minister Alain-Richard Donwahi read out on state television said a group of soldiers had used their weapons to force […]
Submitted by Brandon Smith via Alt-Market.com, Yes, the narrative of the “new normal” has been around for so long now that many people have simply grown used to it. The assumption is that the fiscal “new normal” has become the fiscal “normal,” and though the fundamentals continue to strain under the weight of poor global demand and historic debt levitated by extraneous fiat stimulus, the masses feel […]
DUBAI, UNITED ARAB EMIRATES: 5 January 2017 Thomson Reuters, the world’s leading source of news and information for professional markets and the Dubai Financial Services Authority (DFSA), will co-host the 11th MENA Regulatory Summit on February 5th & 6th in Dubai, United Arab Emirates. Held under the patronage of the UAE Minister of Economy, H.E Sultan bin Saeed Al Mansouri, the summit will debate key challenges that […]
Nobody likes to admit going along with the consensus. It sounds better to be contrarian, and in markets there is far more money to be made when you latch on to an unpopular notion that turns out to be correct. That is how you get to buy things cheap. But sometimes the herd gets it right, even if it gets overexcited and “overshoots” its target. On balance, […]
AMMAN/BEIRUT A senior Syrian rebel official denied a report on Friday that a ceasefire had been reached between rebels and government forces in the Wadi Barada area near Damascus, where bombardments have knocked out the capital’s main water source. The government and allied fighters from the Lebanese group Hezbollah launched an attack two weeks ago to take back Wadi Barada where a spring provides supplies to four […]
January 6, 2017 by: Adam Samson in New York US wage growth accelerated to the quickest pace since 2009 last month, underscoring rising inflationary pressure as President Barack Obama prepares to pass the torch to Donald Trump. Average hourly earnings climbed 0.4 per cent in December from the previous month, beating expectations for a 0.3 per cent pick-up, the Labor Department said in the final employment report […]
By Isabel Coles and Saif Hameed | NORTH OF MOSUL, Iraq/BAGHDAD NORTH OF MOSUL, Iraq/BAGHDAD Elite Iraqi troops bridged a river under the cover of darkness to seize a district of Mosul in an unprecedented night raid early on Friday, part of a new phase in the battle to capture the city from Islamic State after weeks of slowed momentum. Since last week, Iraqi forces have launched […]
NEW DELHI // Noted Indian character actor Om Puri has died in the western city of Mumbai. He was 66. Indian prime pinister Narendra Modi and a host of leading movie stars tweeted condolence messages shortly after Puri’s death Friday morning. In a career spanning more than three decades, Puri won a slew of national awards and international fame for his work in several critically acclaimed films. […]
BAGHDAD Elite Iraqi troops advanced against Islamic State militants in eastern Mosul in their first night-time raid in the city, a spokesman said on Friday, in a U.S.-backed operation which officials say is gaining momentum. Counter-terrorism service (CTS) forces pushed across a tributary of the Tigris river shortly after midnight and drove back Islamic State fighters in the Muthanna district, CTS spokesman Sabah al-Numan said. “We used […]
