SYDNEY The U.S. dollar crept nearer to 14-year peaks on Wednesday as an abundance of upbeat global economic data boosted Wall Street and signs of quickening inflation dented fixed-income debt. The strength of the U.S. currency pressured commodity prices and helped drag oil off an 18-month top, but gave Japan’s exporter-heavy stock market a fillip. The Nikkei climbed 2.1 percent, recovering from two sessions of losses as […]
WASHINGTON President-elect Donald Trump said on Tuesday an intelligence briefing for him on allegations of Russian hacking of the U.S. election would be held on Friday. “The ‘Intelligence’ briefing on so-called ‘Russian hacking’ was delayed until Friday, perhaps more time needed to build a case. Very strange!” Trump tweeted. Trump, who has cast doubt on U.S. intelligence agencies’ conclusion that Russia hacked Democratic Party computers, said over […]
Facebook founder Mark Zuckerberg is embarking on a tour of the US following Donald Trump’s election as president, in an attempt to understand how the country has been divided by the impact of globalisation and technology. The chief executive of the world’s largest social network has made it a personal challenge to have visited people in every state in the US by the end of the year, […]
Past inquiries stretching over Mr. Netanyahu’s more than two decades in public life have examined his family trips and home expenses without resulting in charges. But allies and enemies alike were already saying on Tuesday that this case could be different. Continue reading the main story The three-hour police interrogation at his official residence on Monday night came at a high-profile moment for Mr. Netanyahu on the […]
After seven years of stock markets climbing ever upwards, investors found a new reason to buy in November: the shock election of Donald Trump. One oft-repeated anecdote is how the billionaire investor Carl Icahn left Mr Trump’s victory party to buy US stocks. A few days later Stanley Druckenmiller, who earlier in the year told a conference for fellow hedge fund managers to “get out of the […]
U.S. President-elect Donald Trump said on Twitter on Tuesday he will hold a news conference on Jan. 11 in New York. Trump, who takes office on Jan. 20, has not held a news conference since he was elected on Nov. 8. (Reporting by Eric Beech in Washington; Editing by Sandra Maler) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo […]
By Richard Cowan and Susan Cornwell | WASHINGTON WASHINGTON The Republican-led U.S. Congress had a rough start to its first session of the Donald Trump era on Tuesday when a public outcry that included a dressing-down from the president-elect prompted the House of Representatives to backtrack on its plans to defang an ethics watchdog. It was supposed to have been a ceremonious beginning in which lawmakers set […]
As Hurricane Sandy bore down on the Connecticut coast late October of 2012 and Gov. Dannel Malloy pled with residents to find high ground, reporter Neena Satija couldn’t shake one thought: “We are clearly not prepared for this.” Sandy passed, and sheer luck spared the state the worst of its impacts. But did officials acknowledge the averted disaster? Not in Satija’s view. “All of a sudden talk […]
Megyn Kelly is to leave Fox News for rival NBC, ending months of speculation over the future of one of the biggest stars in television news. As part of a multiyear deal, Ms Kelly will anchor a new weekday daytime show, a Sunday night news show, and contribute to breaking news and special events coverage, NBC said. The company did not disclose her new salary, although 21st […]
WASHINGTON The White House said on Tuesday it expects additional transfers of prisoners from the Guantanamo Bay military prison to be announced before President Barack Obama leaves office on Jan. 20. “I would expect at this point additional transfers to be announced before January 20,” White House spokesman Josh Earnest told reporters when asked about a message on Twitter by President-elect Donald Trump earlier on Tuesday saying […]
WASHINGTON Republican U.S. Senator Mike Enzi introduced on Tuesday a resolution allowing for the repeal of President Barack Obama’s signature health insurance programme, which provides coverage to millions of Americans, Enzi’s office said in a statement. The move by the Senate’s budget committee chairman on the first day of the new Congress set in motion the Republican majority’s promise to repeal the 2010 Affordable Care Act, known […]
By Bernie Woodall and David Shepardson | FLAT ROCK, Mich./WASHINGTON FLAT ROCK, Mich./WASHINGTON Ford Motor Co (F.N) said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after President-elect Donald Trump had harshly criticized the Mexico investment plan. The second largest U.S. automaker said it would build new electric, hybrid and autonomous vehicles at the Flat […]
Banks and commodity companies set the pace as the FTSE 100 extended its run into record territory on Tuesday, taking the gains for the blue-chip index to 13 per cent since the UK voted for Brexit. Sentiment towards the FTSE 100 has brightened on optimism over bank earnings as bond yields rise, and on the support a stronger oil price is giving the commodities sector. “The FTSE […]
|By Matein Khalid|“Few individuals alter the course of history. Fewer still change the map of the world. Hardly anyone creates a nation state. Mohammed Ali Jinnah did all three”. Dr. Stanley Wolpert’s words still give me goose pimples two decades after I first read his book. Mr. Jinnah founded Pakistan and was also my ancestral kinsman. I too was born in Karachi, the city by the sea, […]
PICKS are stories from many sources, selected by our editors or recommended by our readers because they are important, surprising, troubling, enlightening, inspiring, or amusing. They appear on our site and in our daily newsletter. Please send suggested articles, videos, podcasts, etc. to [email protected]. Western Economist Fingers Russia as “Panama Papers” Source (Gerry) The hackers who released the huge cache of files known as the Panama Papers […]
WASHINGTON U.S. President-elect Donald Trump on Tuesday criticized a congressional move to weaken a nonpartisan ethics watchdog, giving lawmakers greater control over an independent body charged with investigating their behavior. “With all that Congress has to work on, do they really have to make the weakening of the Independent Ethics Watchdog, as unfair as it … may be, their number one act and priority. Focus on tax […]
Amazon’s Alexa is the brain of its Echo and digital assistant efforts, and the company is rapidly beginning to distribute the technology into other products. At the Consumer Electronics Show 2017, it’s clear that Amazon aims to put Alexa everywhere. Google will also look to embed its Google Assistant everywhere too — in Hyundai cars for instance — but Amazon is quickly forging pacts with big-name tech […]
To understand how Donald Trump will change America, don’t listen to his speeches, says Vox Editor-in-Chief Ezra Klein. Instead, look at the president-elect’s policies, he said. “This idea that Donald Trump exists in some state of quantum unknowability is going to end the day that he raises his hand and takes the oath of office,” Klein said. “So we need to change ourselves to give people coverage […]
By David Morgan | WASHINGTON WASHINGTON Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump’s cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump’s emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as secretary of state, former Texas Governor Rick Perry as energy […]
But Trump has also ventured beyond mere name-calling, turning the 2016 election into a competition between knowledge systems: the tell-it-like-it-is “people” versus the know-it-all “elites.” His campaign insisted for months that pollsters and technocrats and media would be proven wrong by his electoral success. The fact that he did win dealt a blow to an entire worldview, one in which empirical inquiry and truth-telling were supposed to […]
Ummmm, spoiler alert? I guess? The great suspense surrounding the The New Celebrity Apprentice — whose new host is walking catchphrase Arnold Schwarzenegger (The Terminator, Terminator 2: Judgment Day, Terminator 3: Rise of the Machines, Terminator Genisys) — was what catchphrase he’d use while terminating people. Apparently the show’s executive producers decided that “You’re fired” had worn thin, and a lot of people thought “You’re terminated” would […]
Producers refute Mariah Carey’s ‘sabotage’ claim Dick Clark Productions has hit back at Mariah Carey’s claim the company sabotaged her live performance on its ‘New Year’s Rockin’ Eve’ special in Times Square. The star vocally stumbled through her set, failing to sing most of it, despite a pre-recorded track of her songs playing in the background. Carey’s representative Nicole Perna blamed technical difficulties and a faulty earpiece […]
Donald Trump is expected to tap a longtime advocate of greater protectionism as his US trade representative in yet another signal that his administration is poised to enact the aggressive trade policies he advocated during the campaign into government. Robert Lighthizer, whose impending nomination was reported by US media on Monday, has been seen as the favourite for the trade role for weeks and has been leading […]
While 2016 was the year the unlikely became real, currency investors enter 2017 no better equipped to tell the difference between reality and illusion. Brexit and Trump made a mockery of assumptions, shredded investors’ best-laid plans and turned political risk analysts into the most in-demand advisers of the year. The two big themes of 2016 will feel palpable during the first quarter of 2017. Donald Trump takes […]
