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By Colin Packham and Aaron Bunch | SYDNEY SYDNEY Officials at an Australian immigration centre in Papua New Guinea are increasing pressure on asylum seekers to return to their home countries voluntarily, including offering large sums of money, amid fears a deal for the United States to take refugees has fallen through. About a dozen Bangladeshi and Nepalese asylum seekers on Manus Island told Reuters they are […]

Matt Kiser worked in news for many years, and now he works as a product manager at an algorithm startup in Seattle. But every day, Matt spends upwards of six hours working by hand on his single-subject blog, which launched in January. Starting a new project to track what the fuck just happened today. https://t.co/p64yr6BKJ3 — Matt Kiser (@Matt_Kiser) January 29, 2017 Single subject, distinct tone, clear […]

SACRAMENTO, Calif. Parts of California damaged by recent storms, including the areas around the damaged Oroville Dam, will receive federal disaster assistance, the Federal Emergency Management Agency said on Tuesday. Federal aid will be sent to three counties near Lake Oroville, where the tallest earthen dam in the United States suffered damage last week and over the weekend, prompting the evacuation of nearly 200,000 people. Funds will […]

Since then the barriers to peace have grown even more formidable, and attitudes like Mr. Gatshan’s more entrenched. Continue reading the main story When President Trump and Israel’s prime minister, Benjamin Netanyahu, meet in Washington on Wednesday they are likely to discuss a change of tactics, relying on Arab states like Qatar to help secure a two-state solution, under which Israel and an independent Palestinian state would […]

When Federal Reserve chair Janet Yellen testifies before a Senate committee on the state of the economy on Tuesday, there will be plenty tuning in who believe the epitaph for the three-decade rally in the bond market has been rightly written. US president Donald Trump’s plan to ramp up government spending and axe corporate taxes threatens to accelerate inflation, push up interest rates and widen the deficit […]

WASHINGTON President Donald Trump’s handling of U.S. security information at his Florida resort came under congressional scrutiny on Tuesday as a watchdog panel asked the White House to explain reports that Trump dealt with a sensitive foreign policy issue in view of club guests. Representative Jason Chaffetz, head of the House of Representatives oversight committee, sent a letter asking the White House for details on how Trump […]

By Patricia Zengerle | WASHINGTON WASHINGTON Benjamin Netanyahu’s first Trump-era Washington visit offers a chance to repair ties to Democrats that frayed during years of chilly relations under the Obama administration, but many party members said they do not expect much improvement given the Israeli prime minister’s close alignment with Republicans. “There’s a lot of mending of fences that has to happen between the Netanyahu government and […]

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Goldman Sachs shares shattered a 10-year record to reach a fresh closing high on Tuesday, buoyed by hopes that the Trump administration will bring a profit-boosting mix of higher interest rates, lower taxes and lighter regulation. All banks have rallied hard since November 8, when Mr Trump beat Hillary Clinton in the race to the White House. But only a handful have done as well as Goldman, […]

The reaction to a strike at the world’s largest copper mine underlines the sharp reversal in fortune in one of the world’s key metals over the past four months. Copper has jumped 5 per cent in the past two days to a two-year high after a strike at the Escondida mine in Chile raised supply fears about a market that has been starved of investment. The dispute […]

By Steve Holland and Richard Cowan | WASHINGTON WASHINGTON U.S. President Donald Trump knew for weeks that national security adviser Michael Flynn had misled the White House about his contacts with Russia but did not immediately force him out, an administration spokesman said on Tuesday. Trump was informed in late January that Flynn had not told Vice President Mike Pence the whole truth about conversations he had […]

Texas Republican Michael McCaul, chairman of the House Homeland Security Committee, said Tuesday that “creating backdoors into secure platforms would be a huge mistake.” “Instead, we need to find a way to keep our countries safe while also keeping our data safe and secure,” McCaul said at the RSA Conference in San Francisco. The remarks, geared for the presumably pro-encryption audience of cybersecurity professionals, indicate that the […]

By Andrew Osborn | MOSCOW MOSCOW Russia’s parliament applauded on learning that Donald Trump had won the U.S. election. But prospects for better relations with Washington have suffered setbacks since then and the resignation of Trump’s national security adviser is the biggest blow yet. The Kremlin still believes a rapprochement is feasible, even if it might take longer than initially thought. But the clock is ticking: Vladimir […]

The US economy and fiscal policy face an uncertain path under the administration of Donald Trump, Janet Yellen warned on Tuesday as she declared “monetary policy is not on a preset course” but said it would be “unwise” to raise rates too slowly. Testifying before Congress on Tuesday, the Federal Reserve chair painted a picture of an economy with accelerating growth, higher inflation and a robust labour […]

WASHINGTON U.S. House of Representatives Speaker Paul Ryan said on Tuesday President Donald Trump was right to seek the resignation of Michael Flynn after disclosures the national security adviser misled the vice president and others about his conversations with a Russian diplomat. Ryan said he would leave it to the administration to explain the circumstances behind Flynn’s departure. “I think they key is this: that as soon […]

Fed Chair Yellen will be appearing before Congress deliver her semi-annual monetary policy testimony (sometimes called the “Humphrey-Hawkins” testimony) today. Her prepared remarks are expected to sound similar to her most recent speech, noting that the labor market has tightened and wage pressures are increasing modestly. As BofA details, she will likely note that the Fed is making progress toward its mandate of full employment and price […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. The Tuesday morning news shows were dominated by word that Michael Flynn is out as national security adviser. “Stunning” was the call by the Trump home team at “Fox & Friends.” It proceeded to quote its usual media pinatas in […]

A few days before the retreat, I met up with the man who, perhaps more than any other figure in the conservative movement, had maneuvered the party toward complete and unbending opposition to Obamacare: Michael Needham of the Heritage Foundation. Needham, 35, is the chief executive of Heritage Action for America, a feral cur of a lobbying organization established by the venerable conservative think tank in 2010 […]

A striking feature of global financial markets since the crises of 2007 and 2008 has been the high propensity of many wealthy private investors to sit out all the turmoil, holding cash in bank accounts rather than in riskier assets. Might that be about to change? The word among bankers in conservative Switzerland — the world’s largest centre for cross-border private wealth management — is that it […]

By Robin Emmott and Kylie MacLellan | BRUSSELS/LONDON BRUSSELS/LONDON NATO’s European allies and Canada increased defence spending by 3.8 percent last year, or $10 billion more than 2015, the alliance’s head said on Tuesday, but a report said Britain missed a key NATO goal. Russia’s annexation of Crimea has given the alliance new momentum after years of cuts, but the International Institute for Strategic Studies, a global […]

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 […]

Photo Credit Justin Renteria It’s a fair bet that the first meeting on Wednesday between President Trump and Prime Minister Benjamin Netanyahu of Israel will feature big smiles and reassuring words. Both men are eager to demonstrate that the hostility that poisoned Mr. Netanyahu’s relations with President Barack Obama is a thing of the past. But personal chemistry can go only so far. The issues facing the […]

US markets regulators have delayed enforcement of new derivatives rules due to come into effect in two weeks’ time because few of the hundreds of pension funds, insurers and asset managers affected would be ready in time. There were fears that the widespread lack of readiness to comply could have caused market disruption if they were enforced as planned on March 1. The rules require some derivatives […]

By Cindy Silviana and Eveline Danubrata | JAKARTA JAKARTA Supporters of the governor of Indonesia’s capital are hoping their checkered shirts in red, white and blue will help galvanize the vote in a city election on Wednesday and win a second term for their leader. Basuki Tjahaja Purnama is Jakarta’s first ethnic Chinese and Christian governor, and the election in the city of 10 million people has […]

By Jutarat Skulpichetrat | CHONBURI, Thailand CHONBURI, Thailand The most senior U.S. officer to visit Thailand since a 2014 coup emphasised the importance of restoring democracy on Tuesday as he launched the annual Cobra Gold military exercise. The United States scaled down its presence at Asia’s largest annual multinational military exercise as one of the former U.S. administration’s steps to pressure the junta. With ties improving even […]

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