Tuesday 18:30 GMT What you need to know ● Sell off in financials drives S&P 500 down 1 per cent● Euro climbs to $1.08 and dollar index slips below 100● 10-year Treasury yield at lowest since start of month● Oil prices come under renewed pressure● Gold heads for fifth daily rise in a row——————- Overview A sharp and sudden sell-off for US financial stocks helped put the […]
U.S. children get exposed to opioids and most of them are younger than 5 years old, the most vulnerable age group to the potentially deadly effects of prescription medicines. Figures from the National Poison Data System showed that of the nearly 190,000 reports of people under age 20 who have come in contact with prescription opioids between the years 2000 to 2015, 60 percent involved children 5 years old […]
An Australian teenager who was bitten by a crocodile when he jumped into a river in northern Queensland on a dare is now recovering in hospital and looking forward to a date with the British backpacker he was trying to impress. Lee De Paauw, 18, had met Sophie Paterson while drinking at with a group of friends into the early hours of Sunday morning at a backpackers’ […]
When Tim Armour graduated from Middlebury College, a liberal arts institution in Vermont, he faced a conundrum. He could either accept a graduate programme slot at a West Coast investment group, or go and run a windsurf shop in Florida. Because he loved to windsurf but did not want to turn down a more sensible job, he asked the asset manager whether he could put off the […]
NEW YORK Billionaire philanthropist David Rockefeller, former head of Chase Manhattan Corp and patriarch of one of the most famous and influential American families, died on Monday, a family spokesman said. He was 101. Rockefeller, who reportedly gave away nearly $2 billion in his lifetime, died in his sleep of congestive heart failure at his home in Pocantico Hills, New York, spokesman Fraser Seitel said in a […]
By Mike Stone | WASHINGTON WASHINGTON U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan. The initiative could cost nearly $700 billion in government funding, take 30 years to complete and require hiring […]
Tim Byrnes is an unlikely symbol of China’s bid to become the world’s high-tech superpower. For a start he is Australian. Yet the 39-year-old quantum physicist’s decision to swap a research post in New York for Shanghai goes some way to explaining the lengths to which Beijing is going in its efforts to upend the world order. “Quantum physics is very strong in China,” says Mr Byrnes. […]
By Patrick Markey and John Davison | MOSUL, Iraq MOSUL, Iraq Iraqi army helicopters strafed and fired rockets at Islamic State positions in Mosul’s Old City on Sunday as troops on the ground closed in on the strategic and symbolic prize of the al-Nuri Mosque. Federal Police troops had advanced past the train station in western Mosul closer to the mosque. A police commander said they were […]
Chuck Berry, who has died aged 90, was to some the greatest rock ’n roll artist of all time: he was certainly among the most influential. All the big British bands of the 1960s, in particular The Beatles, The Rolling Stones and The Animals, looked to Berry for both inspiration and material. Their early hits such as “Roll over Beethoven”, “Come On” and “Memphis Tennessee” had all […]
Sprint and U.S. Cellular have also announced the sale of LG G6 on their networks. This move comes close on the heels of Verizon Wireless, AT&T and T-Mobile sharing their offers for the LG G6. What Is Sprint Offering? Like Verizon, Sprint is also ready to accept pre-orders for the LG G6. The latter has also put up a lucrative offer, wherein it is offering a Google Home […]
Democrats on a congressional committee have accused Wells Fargo of stonewalling them as they investigate the US bank over sham customer accounts, hinting they may intensify their probe as a result. In a letter on Friday to Wells’ chief executive Tim Sloan, the party’s most senior member of the House financial services committee complained the bank had yet to agree to put forward executives for interviews despite […]
AIG’s outgoing chief executive Peter Hancock is in line for a $5m payment on top of his regular pay deal, part of an exit package that the insurer said was “consistent with a termination without cause”. The disclosure comes a week after AIG rocked the insurance sector when the company said its chief was leaving after less than three years at the helm following a series of […]
At 38 years and counting, the clock is ticking against the famed environmental artist for his proposal to create the world’s largest sculpture in the UAE desert. Even though many of Christo’s memories may be cherished, not every anniversary is a cause for celebration. “I am not a masochist, I don’t like to spend 38 years working on this project,” says the white-haired artist who wrapped the […]
By John Davison and Abdelaziz Boumzar | MOSUL, Iraq MOSUL, Iraq From a distance, the exhausted Iraqis fleeing parts of Mosul controlled by Islamic State appeared to be pushing their worldly possessions on handcarts. By the time they reached Reuters journalists it was clear that their cargo was far more precious, and more tragic. One man lifted a grubby, fluffy blanket to reveal the dust and blood-covered […]
WASHINGTON — The United States military said that it had carried out an airstrike against a meeting of Qaeda militants on Thursday in Syria and that a number of the extremists had been killed. The American military statement came as Syria activists reported that a mosque had been bombed and that scores of innocent civilians had been killed and wounded. A spokesman for the United States Central […]
Authored by Michael Jabara Carley via The Strategic Culture Foundation, On 10 January 2017 Canadian Prime Minister Justin Trudeau fired his minister of external affairs, Stéphane Dion, and replaced him with Chrystia Freeland, who was then minister of international trade. This cabinet shuffle might not have gotten much public notice except that Dion is a distinguished parliamentarian, former leader of the party and leader of the opposition, […]
One of the authors of the report was Richard Falk, an American law professor and former United Nations human rights investigator whom critics regard as an anti-Israel extremist. He has been refused entry to Israel for what Israeli leaders have described as his hostile point of view. Continue reading the main story The report comes amid a hardening polarization on both sides of the Israeli-Palestinian conflict, with […]
By John Davison | MOSUL AIRPORT, Iraq MOSUL AIRPORT, Iraq Outside a mosque on the edge of Mosul airport’s ripped up runway, Iraqis made homeless by war sit on suitcases, taking a brief rest before beginning their onward journey, on foot or in buses. Men push wheelchairs carrying elderly relatives or carts loaded with small children over dusty and uneven ground, part of an exodus of people […]
Shares in Cathay Pacific fell as much as 6.9 per cent on Wednesday after the Hong Kong flag carrier swung to its first annual loss since 2008. The airline reported a net loss of HK$575m ($74m) for 2016 in the face of increased competition from mainland Chinese airlines and falling demand for its premium class seats. The net loss compares with a HK$6bn profit reported in 2015, […]
By Yeganeh Torbati | OVER THE PACIFIC OCEAN OVER THE PACIFIC OCEAN U.S. Secretary of State Rex Tillerson is traveling to Asia this week accompanied by only one reporter, a White House correspondent from the Independent Journal Review (IJR), a digital news outlet founded in 2012 by former Republican political operatives. The IJR said in a statement late Tuesday the State Department last week offered one of […]
By Jonathan Allen and Scott Malone | NEW YORK/BOSTON NEW YORK/BOSTON A blizzard swept through the heavily populated northeastern United States on Tuesday, grounding thousands of flights, cancelling classes and pummelling those who ventured out onto snow-bound streets. Some 50 million people from Pennsylvania to Maine faced a “rapidly intensifying nor’easter” over the course of the day that was unusual for striking so late in the winter, […]
The Bank of England’s new deputy governor, Charlotte Hogg, has resigned after MPs said her professional competence “falls short of the very high standards required”. Ms Hogg has been under pressure since admitting that she had failed for nearly four years to inform the bank that her brother was a senior executive at Barclays, even though she was partly responsible for drawing up the bank’s code of […]
This Wednesday, Oct. 14, 2015, file photo, shows a Mobileye camera system that can be installed in your car to monitor speed limits and warn drivers of potential collisions, mounted behind the rearview mirror during a demonstration of the system, in Ann Arbor, Mich. Intel is buying Mobileye in a deal announced Monday, March 13, 2017, and valued at about $14.09 billion, the latest push by a […]
Stuart Gulliver has told the HSBC board he will quit as chief executive next year, making the search for his successor a priority for Mark Tucker, who has decided to leave Asian insurer AIA to become the bank’s chairman. The appointment of Mr Tucker was announced before the Hong Kong market opened on Monday by AIA and HSBC, which first approached the insurer’s president and chief executive last […]
