ANKARA The Russian ambassador to Ankara was shot dead in an attack at an art gallery in the Turkish capital on Monday by a gunman shouting “Don’t forget Aleppo”. A Russian foreign ministry spokeswoman confirmed the death of envoy Andrei Karlov, which marked one of the most serious spillovers of the Syria conflict into Turkey. Russia is a close ally of Syrian President Bashar al-Assad and its […]
U.S. stocks were higher on Monday in light trading, with the three major indexes hovering near record levels, driven by a rise in technology shares. The S&P technology index .SPLRCT rose 0.94 percent, leading the 11 major sectors. Microsoft (MSFT.O), Amazon (AMZN.O) and Apple (AAPL.O) were up between 1-1.8 percent, providing the biggest boost to the Nasdaq and the S&P 500. “Traditionally, as you head into the […]
By Michelle Nichols | UNITED NATIONS UNITED NATIONS The United Nations Security Council on Monday unanimously called for U.N. officials and others to observe the evacuation of people from the last rebel-held enclave in Aleppo and monitor the safety of civilians who remain in the Syrian city. The 15-member council overcame long-held divisions – that have pitted Syrian ally Russia and China against western powers over the […]
By Angus McDowall and Ellen Francis | BEIRUT BEIRUT Thousands were evacuated from the last rebel-held enclave of the city of Aleppo on Monday after a deal was reached to allow people to leave two besieged pro-government villages in nearby Idlib province. Convoys of buses from eastern Aleppo reached rebel-held areas of countryside to the west of the city in cold winter weather, according to a U.N. […]
If you are an emerging market investor, things at least look a little rosier than they did 12 months ago. Then sentiment was souring thanks to doubts about China’s economy, a slumping oil price and plenty of political upheaval. There is, of course, much to concern the EM universe going into 2017, notably a rising dollar, the prospect of higher interest rates in the US and president-elect […]
GENEVA Nearly 50 children who were trapped in an orphanage in the rebel-held Syrian enclave of east Aleppo were evacuated on Monday, the United Nations Children’s Fund (UNICEF) said. “This morning, all 47 children trapped in an orphanage in east Aleppo were evacuated to safety, with some in critical condition from injuries and dehydration,” Geert Cappelaere, UNICEF regional director, said in a statement. UNICEF and other agencies […]
YANGON Malaysia said on Monday the plight of Rohingya Muslims in Myanmar was a regional concern and called for the Association of Southeast Asian Nations (ASEAN) to coordinate humanitarian aid and investigate alleged atrocities committed against them. Malaysian Foreign Minister Anifah Aman said progress in improving the human rights of the Rohingya people in Rakhine state had been “rather slow” and reports of arbitrary arrests, extrajudicial killings, […]
Monday 02:20 GMT Overview Stocks across Asia were weaker, retreating in line with Wall Street’s slight pullback on Friday from last week’s record highs, and as the US dollar softened. What to watch Investors are turning their attention to the Bank of Japan’s policy decision on Tuesday, in the wake of the Federal Reserve’s interest rate rise last week. While the dollar’s strength over recent weeks seems […]
Senior American officials and top commanders in the Middle East say the brutal urban fight for Mosul is succeeding — however slowly — but is proving to be tougher than expected. These officials predict that the battle to oust the Islamic State from Iraq’s second-largest city could last two to four more months. Continue reading the main story Brett H. McGurk, President Obama’s envoy to the international […]
Image: Sarah Tew/CNET Every week, we sound off on the most important technology trends in our Monday Morning Opener. Looking back on 2016, we’ve identified the five tectonic plate shifts that have made the biggest impact on the industry and our readers who use these tools to drive the progress of the planet. So, without further ado, here are the five big tech trends of 2016 according […]
The Federal Reserve will wait six months before raising interest rates again, according to a survey of top economists that suggests policymakers will maintain a cautious approach to tightening policy until they see the economic package US president-elect Donald Trump has promised. Officials will raise the Fed’s key short-term rate just twice in 2017, starting with a move in June, an FT survey of 31 Wall Street […]
In his characteristic third-person style, One River Asset Management’s Chief Investment Officer Eric Peters takes on all-comers in his latest letter to investors; lamenting the rapidity of losses, juxtaposing Michelle Obama’s “hopeless” America with the US equity markets’ near-record “hope”, and denouncing the scourge of risk managers everywhere – central bankers… Hope all goes well… “No one has real risk on,” said the CIO, dizzy. “We’ve all […]
By Stephen Kalin | ERBIL, Iraq ERBIL, Iraq Seven-year-old Anas lies in a hospital bed in the northern Iraqi city of Erbil, his little body wrapped in bandages following four surgeries to remove shrapnel that shredded his intestines. He is considered lucky for being alive. Two of his brothers did not survive the Islamic State mortar attack three weeks ago on their family’s home in Mosul. One […]
War has completely gripped the once majestic Syria, taking more than 300,000 innocent lives. The silent witnesses to the violence and death are the many sites that once made Syria a top destination, blessed with its many well-kept and preserved heritage sites. The buildings and structures that once witnessed monumental, historical events have now been reduced to a wartorn landscape as many of its previously bustling citizens […]
Wall Street is bathing in nostalgia. This week the cover of Barron’s, the bible of US retail investors, proclaimed “Dow 20,000”. Presenters on CNBC are wearing Dow 10,000 caps first donned in 1999. And each day the thinning crowds on the floor of the New York Stock Exchange have watched the boards to see if the Dow Jones Industrial Average, having passed 19,900, can top the 20,000 […]
BEIRUT Buses and Red Crescent vehicles arrived at the entrance to the besieged Syrian villages of al-Foua and Kefraya, Lebanese group Hezbollah’s al-Manar television said on Sunday. An evacuation of rebel-held eastern Aleppo stalled this week because of demands from pro-government forces that a group of people needing medical treatment also be allowed to leave al-Foua and Kefraya, which are besieged by insurgents. (Reporting by Lisa Barrington; […]
By Lisa Barrington and Stephanie Nebehay | BEIRUT/GENEVA BEIRUT/GENEVA The International Committee of the Red Cross (ICRC) hopes to resume the evacuation of civilians and wounded from the Syrian enclave of east Aleppo on Sunday, a spokeswoman said. Thousands of people are left in Aleppo, some sleeping on the streets in freezing temperatures, after the evacuation of the rebel-held areas ground to a halt on Friday following […]
Venezuelans are bracing for Christmas without cash after the country’s highest denomination banknote was withdrawn from circulation with new larger bills not due until January, as many fear that the country is spiralling towards hyperinflation. Embattled President Nicolás Maduro this week announced plans to scrap the ubiquitous 100 bolívar bill, which makes up about half the country’s banknotes but is increasingly worthless as annual inflation is forecast […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on expectations of a Trump-presidency stimulus and the danger of complacency. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Wall Street might be too complacent about Donald Trump’s corporate tax stimulus and are not pricing in an upsurge in volatility, argues the […]
Proponents of the drugs say switching to the new formulations could save taxpayers money if addictions decline, though there is little evidence now that they reduce rates of either addiction or overdoses. The prescription painkiller epidemic costs the U.S. economy $78.5 billion annually, according to a Centers for Disease Control and Prevention report this year. “We have an enormous prescription-drug abuse problem in Illinois that’s costing a […]
UNITED NATIONS: The UN Security Council will vote Sunday on a French proposal to send observers to the flashpoint Syrian city of Aleppo to monitor evacuations and report on the protection of civilians, diplomats said.The council will meet at 10 a.m. (1500 GMT) to decide on the draft resolution, despite resistance from Russia, Syria’s ally and a veto-wielding Security Council member.France circulated a draft text late Friday […]
By Corina Pons and Andrew Cawthorne | CARACAS CARACAS Venezuelan President Nicolas Maduro suspended on Saturday the elimination of the country’s largest denomination bill, which had sparked cash shortages and nationwide unrest, saying the measure would be postponed until early January. The surprise pulling of the 100 bolivar note from circulation this week – before new larger bills were available – led to vast lines at banks, […]
By David Stanway | PINGDINGSHAN, China PINGDINGSHAN, China China has ordered state firms to smash the decades-old system of providing cradle-to-grave welfare support, known as the country’s “iron rice bowl”. But the order, part of a plan to reduce financial pressure on bloated and heavily indebted state-owned enterprises (SOEs), is likely to be easier said than done as cities navigate the social and financial wrenches the changes […]
Monte dei Paschi di Siena has gained stock market approval to extend a voluntary debt-for-equity swap to retail investors, a key part of the Italian bank’s attempt to raise €5bn in fresh capital before Christmas and stave off a state rescue. The last-gasp attempt by the world’s oldest surviving lender comes as regulators and the bank have revealed that long running crisis at MPS is taking a […]
