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By Hamid Shalizi and Saud Mehsud | KABUL/DERA ISMAIL KHAN, Pakistan KABUL/DERA ISMAIL KHAN, Pakistan An Islamic State offshoot based near the Afghan-Pakistan border is expanding to new areas, recruiting fighters and widening the reach of attacks in the region, members of the movement and Afghan officials said. Some members of the so-called “Khorasan Province” of Islamic State claimed responsibility for the recent attack on a Sufi […]

The Trump administration is preparing to ignore any rulings by the World Trade Organisation that it sees as an affront to US sovereignty, according to a leaked report prepared by officials. The move would be a departure from US practice and a blow to the international watchdog’s credibility. The hard-hitting report, which was sent to Congress on Wednesday and obtained by the Financial Times, marks the first time the […]

A storming start for risk assets has defined the first two months of 2017, with heightened optimism on Wall Street pushing the FTSE All-World equity index into record territory. Whether the rally can be sustained in March depends on the outcome of several key events. Here is a rundown of what looms for investors during the month. US jobs data and the Federal Reserve The bullish sentiment […]

Just to clarify – Trump said nothing new at all – and added no detail, another major US retailer blew up, ‘hard data’ disappointed (soft surveys gained), Fed speakers were the most hawkish since Volcker, and The Dow soars 350 points to top 21,100… makes perfect sense…   Hawkish FedSpeak sent March rate-hike odds soaring over 80%…   But the probability of a rate hike is rising […]

By Phil Stewart and Idrees Ali | WASHINGTON WASHINGTON The top U.S. commander in Iraq on Wednesday downplayed the chances that the United States would deploy a large number of additional coalition forces to battle Islamic State, even as President Donald Trump weighs options to speed the campaign. Army Lieutenant General Stephen Townsend also appeared to deliver a robust defence of Kurdish fighters that have been America’s […]

By Thomas Escritt | AMSTERDAM AMSTERDAM Hit by sliding poll numbers, Dutch nationalist Geert Wilders said he would resume his campaign this weekend after revelations of leaks from his police protection prompted him to halt all public appearances ahead this month’s election. Wednesday’s announcement follows the Dutch government’s decision to give a different squad the task of protecting the outspoken opponent of Islam, who has lived under […]

Wednesday 16:30 GMT Overview Wall Street surged to another record as comments from Federal Reserve officials caused traders to boost their bets for an increase in US interest rates this month and investors celebrated a more upbeat tone from Donald Trump in his first address to Congress. In keeping with he risk-on mood that washed across financial markets around the globe, the dollar also rose and gold […]

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In the early days of his presidency, Donald Trump has called journalists the “enemy of the American people” (twice), assailed unflattering reporting as “fake news” and brought aboard a press secretary who’s shut news organizations out of a briefing. It’s behavior that has press freedom organizations across the United States worried. So, they’re working together to do something about it. Later this year, a coalition of organizations […]

WASHINGTON — Russian aircraft mistakenly bombed Syrian fighters who were being trained by the United States, the commander of the American-led operation in Iraq and Syria said on Wednesday. American advisers were about three miles away when the Russian strike occurred. The episode pointed to the risk of unintended clashes among the myriad forces operating on a fluid battlefield in Syria, as the American command looks toward […]

In investment as in life, what goes unsaid is often more important than what is said. Long-term watchers of the Federal Reserve know to look at every last word of every statement from a Fed governor — which is why a succession of Fed speeches and interviews on Monday and Tuesday were taken as doubling the chances that the central bank raises US interest rates at its […]

WASHINGTON The Senate on Wednesday voted to confirm President Donald Trump’s pick to head the Interior Department, Rep. Ryan Zinke of coal producing Montana, as the White House takes steps to boost fossil fuel output from federal lands. The Senate voted 68 to 31, with several Democrats joining Republicans in support of Zinke, an hunter and angler, who supported energy development as a one-term congressman. (Reporting by […]

In a new poll from CNN/ORC, more than 75% of Americans reacted positively to Trump’s Tuesday night “Presidential” address to Congress.  Among those who watched the speech, 57% said they had a “very positive” response, while another 21% described their reaction as “somewhat positive.” President Donald Trump’s first address to Congress received largely positive reviews from viewers, with 57% who tuned in saying they had a very […]

A contract arranged at the top According to the investigators’ notes, Wilson wasn’t pressed further by the labs to detail her work because her contract had been blessed by the labs’ top officials. At the time, Los Alamos was reeling from a $300 million budget cut handed down by the Congress that Wilson had just left, a contracting official told investigators during an interview on Oct. 11, […]

OFRA, Palestinian Territories: Israeli police began removing residents and protesters on Tuesday from nine West Bank settler homes set to be demolished under a Supreme Court ruling.The homes in the Ofra settlement — a symbol of Jewish settler defiance to international concerns — were found to have been built on private Palestinian land and ordered razed by March 5.Police cleared protesters from the houses one at a […]

WASHINGTON U.S. President Donald Trump plans to finalize a new order limiting travel to the United States in the coming days, his vice president said on Wednesday, after federal courts blocked the administration’s earlier travel ban. A White House source had previously said the new order was likely to be announced on Wednesday. More than two dozen lawsuits were filed in U.S. courts against the Jan. 27 […]

By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending rose less than expected in January as the largest monthly increase in inflation in four years eroded households’ purchasing power, pointing to moderate economic growth in the first quarter. The surge in inflation raises the possibility of an interest rate increase from the Federal Reserve this month. While still below the U.S. central bank’s 2 percent target, inflation […]

The US dollar and global bond yields rose on Wednesday as investors focused on expectations that the Federal Reserve wants to raise interest rates this month, in the absence of specific policy details from Donald Trump’s first speech to Congress. The dollar index — a measure of the reserve currency against its main peers — rose 0.5 per cent to its highest level in more than a […]

By Sijia Jiang | HONG KONG HONG KONG Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, is “definitely bidding” for the chip business of Japan’s Toshiba Corp (6502.T) and is “very confident” it can buy into it, company founder Terry Gou said on Wednesday. Gou was speaking as Foxconn, formally known as Hon Hai Precision Industry Co Ltd, broke ground for a 61 billion yuan ($8.87 […]

Wednesday 09:30 GMT Overview The dollar and government bond yields are jumping, and gold is falling, as hawkish comments from Federal Reserve officials cause traders to drastically shorten the odds of an increase in US interest rates this month. Meanwhile, US equity index futures point to another record on Wall Street, tracking gains in Europe and Asia, after Donald Trump addressed Congress for the first time, with […]

TALLIN German Foreign Minister Sigmar Gabriel told reporters in Estonia on Wednesday that NATO had not agreed on every nation in the alliance having to meet a rigid target of spending 2 percent of its gross domestic product on defence. “I have a concern that politicians make public promises that they can’t fulfil later on,” Gabriel said. He said that NATO had merely agreed that member nations […]

Shortly after breaking the Panama Papers, an international exclusive that shed light on illegal offshore banking around the globe, the International Consortium of Investigative Journalists should have been riding high. Instead, the scrappy cross-border investigative team was facing the dreary prospect of laying staffers off due to a financial squeeze at its parent organization, the Center for Public Integrity. “I did feel a little deflated,” said Gerard […]

Stocks pared gains and the US dollar initially eased as President Donald Trump’s first address to Congress failed to provide the policy details that markets wanted — and analysts let rip with their disappointment. “We needed him to be a leader. We needed him to give us direction. That is where he let investors down this evening,” said Paul Christopher, head global market strategist for Wells Fargo […]

By Letitia Stein | CLEARWATER, Fla. CLEARWATER, Fla. While U.S. President Donald Trump tried to win over skeptics in Congress on Tuesday, he never had to worry about losing the faithful at the Quaker Steak and Lube. About two dozen fans of the 45th president gathered at the bar and restaurant in Clearwater, Florida, still committed to Trump despite the tumult of his first 40 days in […]

By Matt Spetalnick | WASHINGTON WASHINGTON President Donald Trump on Tuesday reaffirmed support for the United States’ longstanding security alliances around the world but insisted that friends and partners from Europe to the Middle East to the Pacific must “pay their fair share of the cost.” In his first nationally televised speech to Congress since taking office on January 20, Trump sought to reassure allies still uneasy […]

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