Boeing officials, already dismayed by Mr. Trump’s attack last week over the costs of a new Air Force One, acknowledged that the Iran jet deal still faced contingencies — a polite way of saying they were deeply worried about whether Mr. Trump and the Republican-led Congress would support it. Continue reading the main story Beyond that deal, Boeing and other companies that export jet engines, high-tech products […]
By Caren Bohan | WASHINGTON WASHINGTON U.S. President-elect Donald Trump questioned whether the United States had to be bound by its long-standing position that Taiwan is part of “one China” and brushed aside Beijing’s concerns about his decision to accept a phone call from Taiwan’s president. “I fully understand the ‘one China’ policy, but I don’t know why we have to be bound by a ‘one China’ […]
During the gradual rapprochement between the US and Muammer Gaddafi’s Libya in February 2007, Rex Tillerson visited the country and met its leader in his traditional tent. As chief executive of ExxonMobil, the world’s largest listed oil company, Mr Tillerson had an interest in opening up access to Libya’s vast reserves, but his visit was also a milestone in the progress towards normal relations with the US. […]
Photo Mayor Nir Barkat of Jerusalem says he is optimistic that when Donald J. Trump is president, he will move the United States Embassy from Tel Aviv to Jerusalem, whose status is contested by Israel and the Palestinians. Credit Associated Press/Tsafrir Abayov The mayor of Jerusalem says that he is optimistic that once Donald J. Trump becomes president, the United States will quickly move its embassy in […]
President-elect Donald Trump on Sunday rejected as “ridiculous” a CIA report that Russia had intervened in the presidential election in order to help him win. Mr Trump called the intelligence assessment, which rocked Washington this weekend, “just another excuse” for Hillary Clinton’s surprise loss. “I don’t believe it,” he told Fox News. The interview aired shortly after a bipartisan Senate quartet called for a congressional investigation of […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on the expectations of boom times for US stocks, the troubles of active fund managers and Italy’s dilemma after the referendum. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. US stocks may be at record levels but there is no end to […]
ExxonMobil chief executive Rex Tillerson has emerged as the strong favourite to be Donald Trump’s secretary of state, US media reported on Saturday, potentially placing a businessman with global dealmaking experience at the heart of US foreign policy. After a 41-year career at the oil giant, Mr Tillerson has no direct diplomatic background but he has close ties with Russian president Vladimir Putin who awarded him the […]
Ahead of next week, here are the big questions we are asking at FT Markets What signal will the Federal Reserve send? The last US central bank meeting of the year will unfold on Wednesday with all eyes on officials’ latest assessment of the economy and the press conference of Fed chief Janet Yellen. Plenty has changed since their previous gathering just before the US election. Dollar […]
US biotechnology stocks have surrendered much of the gains accrued in the wake of last month’s presidential election after comments from Donald Trump stoked concerns that the incoming administration will crack down on rising drug prices. The Nasdaq biotechnology index has skidded almost 4 per cent from Tuesday’s closing level after the president-elect told Time Magazine that he does not “like what has happened with drug prices” […]
newslide Taylor Swift and Zayn Malik debut new duet on film soundtrack American pop star Taylor Swift and former One Direction member Zayn Malik released a surprise duet on Friday, December 9 after joining forces for the upcoming Fifty Shades Darker movie soundtrack. I Don’t Wanna Live Forever will feature in the sequel to the Fifty Shades of Grey film, based on the hugely successful trilogy by […]
For a quick study in market blindness, look at how an obscure US fund reacts to events in a country where markets do not even exist. Nearly two years ago US president Barack Obama and Cuban president Raúl Castro jointly announced their intent to rejuvenate the diplomatic and commercial relationship between their two countries. Until that day, the Cuba closed-end fund had historically traded beneath its net […]
newslide Taylor Swift and Zayn Malik debut new duet on film soundtrack American pop star Taylor Swift and former One Direction member Zayn Malik released a surprise duet on Friday, December 9 after joining forces for the upcoming Fifty Shades Darker movie soundtrack. I Don’t Wanna Live Forever will feature in the sequel to the Fifty Shades of Grey film, based on the hugely successful trilogy by […]
Tom Brokaw has a theory about covering politics that can be summed up in three letters: U.F.O. The basic idea is this: If something unforeseen can occur, it will. That’s why, when asked what the biggest news story will be one year from today, he gave an honest answer: “I don’t know.” “We don’t know what’s going to happen with Donald Trump,” Brokaw said. “We don’t know […]
Submitted by Nomi Prins via TomDispatch.com, Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk you can rouse at a rally? It’s […]
Update, Dec. 9, 2016, 2:22 p.m.: This story has been updated. Donald Trump routinely blasts his political foes for “pay-to-play” politics and “crony capitalism and corruption.” But Trump is now rewarding some of his biggest campaign bankrollers with unparalleled access, influence, prestige and power in his presidential administration-in-waiting, according to a Center for Public Integrity analysis of new campaign finance disclosures filed with the Federal Election Commission. In […]
Submitted by Steven Horowtiz via The Foundation for Economic Education, The headlines tell us that the Dow Jones is up around 1,000 points since Donald Trump won the election on November 8th. The conventional wisdom is that this shows how much confidence people have in Trump’s ability to generate a healthy American economy. The argument is that if people are willing to buy stock in American firms, […]
Donald Trump wants Wilbur Ross, the billionaire investor tapped for Commerce secretary, to oversee his trade policy, in a controversial move that could spark a battle between the incoming administration and Congress. Mr Trump has agreed to give Mr Ross, a close friend, responsibility for handling one of his signature campaign issues, the Financial Times has learnt. The move, which would cut the influence of the US […]
It is a story of the markets against the US Federal Reserve — and so far, the markets have been on the right side of the call. Bond market movements have this year proved a better guide to potential shifts in benchmark rates than has the Fed’s official range of projections. But as Donald Trump prepares to take power amid expectations that the Fed will next week […]
JERUSALEM — After years of obfuscation and a high-profile dispute concerning an esteemed New York rabbi who converted Ivanka Trump, Israel’s rabbinical authorities announced this week that they would convene to establish clear criteria for recognizing Orthodox conversions done abroad. The rabbis also said that under the new criteria, Ms. Trump’s conversion, which had been in some doubt in Israel, likely would be considered legitimate. More broadly, […]
Barack Obama has ordered US intelligence agencies to conduct a “full review” of alleged Russian hacking into this year’s election and to issue a report before he leaves office next month. Lisa Monaco, White House counter-terrorism adviser, said that the review, which would be sent to Congress but which might not be made public, would look at both what happened during the election and would consider “some […]
Pulp Fiction and Star Wars star Samuel L Jackson, who picked up his lifetime achievement award at the Dubai International Film Festival on Wednesday, is renowned for speaking honestly on issues from race relations to gender equality and American politics, so when The National sat down with him Friday morning, we couldn’t avoid checking whether his yearning for Diff was heartfelt or the result of an unexpected […]
Good morning. Regrets laced with irony Glenn Beck is sorry. He really is. He swears. He’s sort of like Miss Otis in Cole Porter’s oft-recorded 1934 “Miss Otis Regrets” (I’ll take Bette Midler’s version). She “woke up and found that her dream of love was gone, madam.” And, them, “from under her velvet gown, she drew a gun and shot her lover down, madam.” In this case, […]
Photo Zar Mohammad Stanikzai, an Afghan who worked as an interpreter and whose application for a United States visa was rejected this year. Credit Andrew Quilty for The New York Times WASHINGTON — After a protracted political debate, Congress passed a measure on Thursday that would offer sanctuary to a fraction of the Afghan interpreters and translators who have risked their lives to help the military. The […]
Brexit may have come at the most fortunate time for the GCC. As the Gulf seeks greater support to fend off security risks in the region, including Iranian actions, and avenues to shore up bilateral trade in replacement of lost oil revenues, the UK is reaching out to old friends in a bid to strengthen non-mainland European relationships. “We will make it a priority, when the UK […]
