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By Ned Parker | UNITED NATIONS UNITED NATIONS UN Secretary-General Antonio Guterres on Tuesday emphasized the need for nondiscriminatory border controls, comments widely seen as a criticism of U.S. President Donald Trump’s temporary freeze on U.S. entry for all refugees and citizens from seven Muslim nations. “Countries have the right, even the obligation, to responsibly manage their borders to avoid infiltration by members of terrorist organizations,” Guterres […]

SAN FRANCISCO San Francisco filed a lawsuit on Tuesday challenging President Donald Trump’s executive order directing the U.S. government to withhold money from cities that have adopted sanctuary policies toward undocumented immigrants. The lawsuit, filed by San Francisco City Attorney Dennis Herrera, marks the first court challenge over the sanctuary order filed by one of the targeted cities. The lawsuit alleges that the executive order violates the […]

The UAE’s embassy in the US has reassured Emiratis planning to travel to the US that the new executive order on immigration does not apply to them. In a post on Instagram, Yousef Al Otaiba, UAE Ambassador to the US, said he has been in contact with the relevant authorities in the US and receives assurances that UAE citizens should feel safe to continue with any planned […]

Republicans are struggling to advance their policy agenda in the aftermath of President Donald Trump’s confused rollout of a ban on refugees and all travellers from seven Muslim nations entering the United States. The escalating reaction to Mr Trump’s executive order on immigration is also raising concerns about the workings of his White House staff less than two weeks into the presidency. In private conversations, some establishment […]

Photo The Iranian foreign minister, Mohammad Javad Zarif, right, with his French counterpart, Jean-Marc Ayrault, in Tehran on Tuesday. Credit Atta Kenare/Agence France-Presse — Getty Images Already furious over the Trump administration’s visa ban, Iran warned the United States on Tuesday not to escalate tensions over tests of Iranian missiles. The warning, made by Iran’s foreign minister, Mohammad Javad Zarif, came a day after American and Israeli […]

Those dollar bulls blinkered by the so-called Trumpflation trade and wondering if a pullback is justified get a reminder this week of the other main force behind the long-dollar consensus. Federal Reserve chair Janet Yellen and her colleagues are staging their first meeting of the year. A Fed meeting, particularly one taking place at some point along the path of a rates cycle, would normally command considerable […]

Submitted by Charles Hugh-Smith via OfTwoMinds blog, Solutions gut the rackets by breaking down the status quo’s regulatory walls protecting the privileged elites who are strip-mining the bottom 95%. Much of what passes for politics these days is symbolic. Anyone who studies the issue of illegal immigration concludes that the solution lies not in building $10 billion walls but in changing the incentive structure of citizenship, legal […]

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LONDON British lawmakers will hold a debate on Feb. 20 on a petition signed by more than 1.6 million people calling for a planned state visit by U.S. President Donald Trump to be cancelled to avoid embarrassing Queen Elizabeth. The debate was called by the Petitions Committee of the lower house of parliament. On the same day, lawmakers will also debate a second petition calling for the […]

NEWLY appointed United States Ambassador to the Philippines Sung Y. Kim assured Filipinos that their visa applications will continue to be processed, amid concerns that Washington’s ban on nationals of seven Muslim nations may affect even the deployment of Philippine nationals. “I would like to emphasize that despite many rumors out there, we continue to welcome Filipino visa applicants,” Kim said at the general membership meeting of […]

OSLO Oslo’s main trash incinerator has shown promising results in the world’s first experiment to capture greenhouse gases from the fumes of burning rubbish as a new way to slow climate change, officials said on Tuesday. If built at full scale, however, the technology would be a very costly way to limit carbon dioxide emissions as part of an international agreement to curb global warming reached by […]

By Ayesha Rascoe and Amanda Becker | WASHINGTON WASHINGTON President Donald Trump signed an order on Monday that will seek to dramatically reduce federal regulations, but the policy will not apply to most of the financial reform rules introduced by the Obama administration. Trump’s latest executive action will require that agencies cut two existing regulations for every new rule introduced and it will set an annual cap […]

ExxonMobil has become the second large oil company to report earnings well below analysts’ expectations, following Chevron on Friday. Exxon’s earnings per share were 41 cents for the fourth quarter of 2016, with net income of $1.68bn, 40 per cent lower than expected. The average of analysts’ forecasts was for earnings per share of 70 cents in the quarter. The lower than expected earnings came after a […]

“It felt like something had been sawed off,” Charger said about her separation from Jasilea. She got so depressed she was moved to a psychiatric unit, where she often got into fights. She aged out of the system at 17, but when she returned to the ranch developments and trailer parks of Eagle Butte, she struggled with depression. She and Jasilea had gone “from knowing everything about […]

The US stock market suffered its largest decline this year, alongside investors snapping up protection against a possible rise in volatility, pointing towards the nervousness over the recent rally. The S&P 500 dipped 0.6 per cent to 2,281, its biggest one-day fall since December 28. The Dow Jones Industrial Average was down 0.6 per cent to 19,971, while the Nasdaq Composite dropped 0.8 per cent to 5,614. […]

The Trump administration just fired the first shot in the US-European currency, and thus trade, wars when Trump’s top trade advisor Peter Navarro accused Germany of using a “grossly undervalued” euro to “exploit the US and its EU partners“, the FT reported noting the comments are “likely to trigger alarm in Europe’s largest economy.” News of the statement sent the EURUSD spiking in the moments after its […]

Tighter restrictions on skilled worker visas to the U.S. could come via both executive action by President Donald Trump and via Congressional moves, White House press secretary Sean Spicer said Monday. Indian IT services firms are already girding for possible changes to the H-1B program, which they use to send tens of thousands of workers to the U.S. annually. While a significant shakeup of the visa program […]

Photo: Jack Schofield Microsoft was very prominent at last week’s 33rd annual BETT (British Education, Training and Technology) exhibition in London, as much for its hardware as for the ubiquitous Windows 10 operating system. Of course, for many visitors, robots and robotics will have left the most lasting impression, especially the ones who met Pepper. For the select few invited to private demos, however, Microsoft’s HoloLens trumped […]

The great Trump reflation story, which points to strong equities, weak bonds and a highly valued dollar, is by now thoroughly entrenched in the minds of global investors. Not without reason. But when conviction is near-universal in markets it makes sense to ponder what investors might be missing. For my money the most likely flaw in this narrative relates to the cost of protectionist policies. There is […]

By Praveen Menon and Pairat Temphairojana | KUALA LUMPUR/BANGKOK KUALA LUMPUR/BANGKOK Seeking to capitalise on U.S. President Donald Trump’s controversial new travel restrictions, companies and officials in Asia said they would target greater tourism and education ties with Muslims worried about the curbs. Trump’s Friday directive put a 120-day hold on allowing refugees into the country, an indefinite ban on refugees from Syria and a 90-day bar […]

Executives from The New York Times, BuzzFeed and Bloomberg News have responded to Trump’s recent executive order banning immigrants from Muslim-majority countries in the Middle East. The responses range from outright condemnation of President Trump’s ban to reaffirming their commitment to supporting employees regardless of their countries of origin. Jonah Peretti, the CEO of BuzzFeed, sent a letter to employees over the weekend castigating Trump for “let(ing) […]

Twitter has a security problem — and businesses are paying the price for it. The official Twitter account of Indian airline IndiGo has been hit with a breach. The verified account, which previously had over 100,000 followers and several hundred thousands of tweets, now appears to be in possession of a user who goes by the handle @activevibezzz1.  Image: screengrab/twitter Earlier Tuesday morning, IndiGo’s Twitter handle was […]

By Ginger Gibson and David Shepardson | WASHINGTON WASHINGTON Days before a group of Republican lawmakers were due to discuss their party’s controversial proposal to tax all imports, Toyota Motor Corp (7203.T) sent an urgent message to its U.S. dealers – tell the politicians the tax would seriously hurt car buyers. Some of Toyota’s 1,500 dealers heeded the call and contacted members of the House of Representatives’ […]

A “handful of people” have been stopped from flying to the United States from Dubai International Airport following a US travel ban on seven Muslim-majority countries, the airport operator’s chief executive said on Monday. “The effect has been very minimal at the moment. We don’t have the exact figures but literally a handful of people have had to be looked after and repatriated to their point of […]

The publication of Michael Lewis’s book Flash Boys in 2014 thrust the arcane world of ultra-high frequency trading firms into the popular consciousness, prompting debate over everything from the industry’s morality to the possible risks it posed to financial stability. What was undeniable was how several of these companies were staggeringly profitable, generating hundreds of millions of dollars by trading at speeds made up of fractions of […]

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