General counsel from 185 companies are joining the chorus of voices supporting the Legal Services Corp., a major benefactor of civil legal aid that’s at risk of being completely eliminated under President Donald Trump’s proposed budget. The group of top corporate lawyers, from companies including Google Inc., , and , signed on to a letter delivered to all […] (via WSJ)
Two pillars — Trump and China — have supported a bounteous few months for global portfolio investors. But the hope invested in both is starting to fade, casting a bearish tinge over what nevertheless remains a largely optimistic picture. In the case of Donald Trump, expectations that the US president would act swiftly to push though tax reforms, deregulation and bold infrastructure investments are starting to ebb […]
While geopolitical concerns and French election uncertainty are factors, The Wall Street Journal notes that many markets are flashing red on growth as investors begin to return to pre-election bets on the ol ‘new normal’ – a persistently weak economic expansion. There are clear signs that the sugar rush of Donald Trump’s victory and global-growth hopes has faded, raising doubts among some investors about whether stocks can […]
Photo President Trump met with Aya Hijazi in the Oval Office on Friday. Credit Gabriella Demczuk for The New York Times WASHINGTON — President Trump welcomed Aya Hijazi, an American aid worker detained for three years in Egypt, to the Oval Office on Friday after quietly working to secure her release this week. “We are very happy to have Aya back home and it’s a great honor […]
Just when you thought it was over – after Trump ‘Tomahawks’ Putin’s pal Assad, and Tillerson trounces Lavrov – and the media had stopped the constant “Russia did it” narrative, the House Permanent Select Committee on Intelligence (which seems like as big an oxymoron as can occur) has called numerous current (and former) officials to testify once again on Russia’s “active measures during the 2016 election.” As […]
International law firm and lobbying shop Squire Patton Boggs is getting cozy with one of President ‘s most trusted advisers. The firm said this week that it’s formed an alliance with Michael D. Cohen, a personal lawyer to Mr. Trump who has served as his fixer for many years and credits himself as the originator of the […] (via WSJ)
It was money that kept Bill O’Reilly in his bulletproof bully’s pulpit at Fox News despite sordid sex harassment claims dating back 13 years. And in the end, it was money — not morals — that catapulted him out. For two decades, O’Reilly has been the acid-tongued, anti-political correctness muse and megaphone of the populist right and scolder of the mainstream media — a role that crowned […]
President Donald Trump has tried to ban people from certain Muslim-majority countries from entering the U.S. and has begun deportation raids, following through on his campaign promise to creating a more cautious, less open America. Recent migrants to the country are starting to worry how far the measures will go and some Indians are worried that the skilled-worker visas they use to enter the country could become […]
Emirates will shift aircraft to destinations in Malaysia, Oceania and Africa as the airline scrambles for alternatives after eliminating 25 weekly flights to the US in the fallout from President Donald Trump’s travel restrictions. Planes on US routes usually fly more than 80 percent full in the summer season but are now “percentage points” less than that, hurting the flights’ profitability, Emirates President Tim Clark said in […]
The London market broke a four-day losing streak as the week’s spate of sterling-induced selling eased and consumer stocks from Burberry to Unilever put in robust performances. The marginal gains for the FTSE 100 were not enough to reverse Wednesday’s fall into losses for the year for the benchmark. But UBS maintaining that Burberry was its “preferred turnround name in luxury” and top pick in that European […]
The US has set the stage for a global showdown over steel, launching a national security investigation that could lead to sweeping tariffs on steel imports in what would be the first significant act of economic protectionism by President Donald Trump. The decision to use a 1962 law allowing the US government to limit imports that threaten its security readiness is intended to deliver on Mr Trump’s […]
The biggest risk, critics say, is that Mr. Trump will talk himself into a war. Only slightly less dangerously, he could weaken the nation’s standing by backing off from a threat to use force. Continue reading the main story “In Beijing, Moscow, Tehran, they are recalibrating their strategies — you can’t deny it — because they don’t have any idea of how Trump will respond,” said Senator […]
There’s little doubt from the budget offered last month that Donald Trump wants to take the government in some radically different directions than that of his predecessor in the Oval Office, Barack Obama. Trump’s initial blueprint for fiscal year 2018 calls for massive increases in military spending and immigration enforcement, along with hefty reductions in foreign aid, environmental protection and a grab bag of social programs. But beyond the […]
CAIRO: US Secretary of Defense Jim Mattis arrived in Cairo Thursday on the latest leg of a regional tour, as ties with Egypt continue to warm under President Donald Trump.After touching down at Cairo airport, Mattis set off to meet President Abdel Fattah El-Sisi, who was hailed by Trump during a White House visit earlier this month.Sissi’s visit marked a shift in relations after Trump’s predecessor Barack […]
WASHINGTON A Russian government think tank controlled by Vladimir Putin developed a plan to swing the 2016 U.S. presidential election to Donald Trump and undermine voters’ faith in the American electoral system, three current and four former U.S. officials told Reuters. They described two confidential documents from the think tank as providing the framework and rationale for what U.S. intelligence agencies have concluded was an intensive effort […]
The defense secretary said Iranian support for the Houthis was destabilizing Yemen, and he talked up the relationship between the United States and Saudi Arabia. Relations are enjoying salad days in the Trump administration after years of friction between the Obama administration and the Saudi leadership, which thought Obama officials were too friendly with Iran. Continue reading the main story Mr. Mattis’s two-day visit, the start of […]
Emirates will cut flights to five of US cities as demand deteriorated after US restrictions on travel and on-board electronics affecting Middle East carriers and passengers. The world’s biggest international airline will reduce capacity to Boston, Los Angeles, Seattle, Orlando and Fort Lauderdale in the coming weeks, the Dubai-based company said in a statement. Emirates will re-deploy the capacity to serve demand on other routes across its […]
Fund managers are buying eurozone equities and shunning Wall Street, as a major survey of global money managers this month revealed the fifth-biggest rotation from US to European stocks since the start of monetary union in 1999. The survey of 203 fund managers by Bank of America Merrill Lynch showed a record number — a net 83 per cent — believe US stocks are overvalued and that […]
April 19, 2017 by: Vinay Pande and Gerald Lucas The most prominent beneficiary of the so-called Trump trade has been equities, with total returns of 10.5 per cent from the S&P 500 and 10 per cent from the MSCI All-Country World Index since the US election. However, pinning a global bull market on one individual is dangerous. Several other drivers have supported it, making it even more […]
The near-5 per cent advance in the $20tn benchmark S&P 500 this year has been reliant on the performance of only a few dozen stocks — with gains by the likes of Apple and Facebook accounting for more than 20 per cent of the index’s climb. Ten stocks in the index, including ecommerce behemoth Amazon, Google owner Alphabet as well as the more defensive cigarette maker Philip […]
Photo On Tuesday, the Islamic State released its first official statement on President Trump, though he was not called out by name. Credit Doug Mills/The New York Times Although members and supporters of the Islamic State have frequently commented on President Trump and his policies, analysts have been puzzled by the terrorist group’s official silence about him. Mr. Trump had not been mentioned in any of the […]
At the hospital in Reyhanli, a small Turkish border town that took in many of the victims, the mourners gathered outside mostly came from just two extended families, Mr. Youssef’s and the Abu Amash family. Continue reading the main story The families are connected by marriage and both come from Khan Sheikhoun, the village in rebel-held Idlib Province that residents said been hit with chemical weapons earlier […]
Investors are refusing to call time on expectations of a sustained recovery in the global economy, after propelling global markets to their best quarterly performance since 2013. Money managers say they are willing to look past rising political uncertainty in France and the US and bet on what they view as an acceleration in activity and synchronised economic advances across developed and emerging markets. Expectations of US fiscal stimulus […]
International law firm and lobbying shop Squire Patton Boggs is getting cozy with one of President ‘s most trusted advisers. The firm said this week that it’s formed an alliance with Michael D. Cohen, a personal lawyer to Mr. Trump who has served as his fixer for many years and credits himself as the originator of the […] (via WSJ)
