In June, speaking at a former steelworks in western Pennsylvania that now processes scrap aluminium, Donald Trump promised a bright future for US steel if he became president. “It will be American steel that will fortify American’s crumbling bridges. It will be American steel that sends our skyscrapers soaring into the sky,” he said. “We are going to put American-produced steel back into the backbone of our […]
SIMI VALLEY, Calif. The United States should focus on larger strategic interests in the Asia-Pacific region, including expanding trade ties, the defense minister of Singapore said on Saturday, when asked about the controversy sparked by U.S. President-elect Donald Trump’s phone call with the president of Taiwan. Ng Eng Hen said it was not Singapore’s place to comment on Trump’s phone calls, but welcomed comments by his aides […]
US technology shares faced one of their worst weeks of 2016 as investors shifted their focus to equities that will benefit from the soaring price of oil and the policies of the Trump administration. The S&P 500 technology index, a measure of large companies in the sector, has declined 3 per cent since Friday last week. The fall represents the steepest drop since late April, when Apple […]
Al-Arabiya Duterte: Trump says Philippines fighting drugs ‘the right way’Al-ArabiyaThe Philippine president called Trump to congratulate him on his election victory with Trump wishing him “success” in his controversial anti-crime crackdown. (Reuters). AFP, Manila Saturday, 3 December 2016. Text size A A A. US President-elect Donald …Philippines President Says Trump Congratulated Him on Violent Anti-Drug CrackdownSlate Magazine (blog)Rodrigo Duterte: Donald Trump Endorsed Deadly War on DrugsTIMEPhilippine president says […]
NEW YORK The United States “absolutely must” complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. In remarks that appeared to pre-empt President-elect Donald Trump, who has promised to roll back Wall Street regulations, New York Fed President William Dudley said much progress has been made making the financial […]
Amanda Wills devoted much of the past year to coverage of the presidential election. So when she listened to voicemails left for CNN after Nov. 8, she expected to hear a lot of screaming from both sides. Instead, she heard perspectives she’d never encountered before, ones that taught her not just about CNN’s audience, but about the country itself. “For me, personally, as a journalist, it’s really, […]
Like Christmas ornaments on Main Streets across America, Wall Street banks’ forecasts for the year ahead keep coming out earlier every year. At least this year analysts have something substantive to sink their intellectual teeth into: the impact of incoming president Donald Trump. The results are fascinating — especially for bonds. The fixed income market has been one of the biggest victims in the “Trumpflation trade” that […]
By Sinead Carew and Chuck Mikolajczak | NEW YORK NEW YORK The rally in regional U.S. bank stocks that followed last month’s election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks has surged more than 20 percent since Trump’s surprise Nov. 8 victory, […]
Egypt, which has seen its influence wane, is seeking allies and relevance wherever it can find them, even if that means shelving concerns about Iran. Continue reading the main story While Russia’s goal seems to be to expand its influence and pave the way for the international rehabilitation of Mr. Assad’s government, the scrambling of alliances remains in motion and the results unclear. The new relationships are […]
The New York Times on Friday joined The Associated Press and other news organizations in branding the alt-right as a movement with clear racist motives. In a memo to newsroom staffers, New York Times Standards Editor Phil Corbett ruled that the alt-right is a “racist, far-right fringe movement” that should be described in those terms when it appears in an article: Let’s avoid using ‘alt-right’ in isolation, […]
Authored by William Blum, originally posted at Strategic-Culture.org, On November 16, at a State Department press briefing, department spokesperson John Kirby was having one of his frequent adversarial dialogues with Gayane Chichakyan, a reporter for RT (Russia Today); this time concerning U.S. charges of Russia bombing hospitals in Syria and blocking the U.N. from delivering aid to the trapped population. When Chichakyan asked for some detail about […]
BEIJING U.S. President-elect Donald Trump’s call with Taiwan President Tsai Ing-wen was a “petty action” by Taiwan, Chinese Foreign Minister Wang Yi said on Saturday, Hong Kong-based Phoenix Television reported. The conversation was the first such contact with Taiwan by a U.S. president-elect or president since President Jimmy Carter switched diplomatic recognition from Taiwan to China in 1979, acknowledging Taiwan as part of “one China”. “This is […]
First, write out the numbers one to 100 in 10 rows. Cross out the one. Then circle the two, and cross out all of the multiples of two. Circle the three, and do likewise. Follow those instructions, and you’ve just completed the first three steps of an algorithm, and an incredibly ancient one. Twenty-three centuries ago, Eratosthenes was sat in the great library of Alexandria, using this […]
US President Barack Obama has blocked a Chinese company’s purchase of German chip equipment manufacturer Aixtron on national security grounds in a move that highlights the growing hostility towards Chinese cross-border investment in western countries. In a presidential order issued on Friday, Mr Obama said “there is credible evidence” that Chinese investors Fujian Grand Chip “might take action that threatens to impair the national security of the […]
Ben Carson Nothing’s official yet, but Ben Carson will supposedly serve as Trump’s Housing and Urban Development secretary. In a Republican primary field of establishment politicians, Carson and Trump were consummate outsiders. The demure doctor put together an impressive small-dollar fundraising machine built on the collection of personal information from millions of supporters. Months later, the campaign reported earning quarter million dollars by selling donors personal information, […]
Europe’s financial markets are bracing for Italy to reject the government’s constitutional reforms in Sunday’s referendum, with investors warning that an emphatic No vote risks a sharp sell-off in Italian assets. Although there has not been panic ahead of the vote, there are signs of some nerves among money managers and traders whose attention in recent weeks has been dominated by the reflation trade unleashed by Donald […]
By David Brunnstrom and Emily Stephenson | WASHINGTON WASHINGTON U.S. President-elect Donald Trump spoke by phone on Friday with Taiwanese President Tsai Ing-wen, a transition team spokeswoman said, in a move likely to infuriate China and expected to complicate relations. The call, confirmed by Trump transition spokeswoman Hope Hicks, was the first such contact with Taiwan by a president-elect or president since President Jimmy Carter adopted a […]
Donald Trump risks opening up a major diplomatic dispute with China before he has even been inaugurated after speaking on the telephone on Friday with Tsai Ing-wen, the president of Taiwan. The call, confirmed by four people, is believed to be the first between a US president or president-elect and a leader of Taiwan since diplomatic relations between the two were cut in 1979. Although it is […]
Donald Trump has named Stephen Schwarzman, chief executive of Blackstone, as chairman of a new council of strategic advisers, capping a week that has seen Wall Street veterans installed at the heart of the incoming US administration. The president’s strategic and policy forum, which will meet for the first time in February, also includes JPMorgan Chase chief executive Jamie Dimon and Larry Fink, founder of BlackRock, among […]
By Parisa Hafezi | ANKARA ANKARA Iran threatened on Friday to retaliate against a U.S. Senate vote to extend the Iran Sanctions Act (ISA) for 10 years, saying it violated last year’s deal with six major powers that curbed its nuclear programme. The ISA was first adopted in 1996 to punish investments in Iran’s energy industry and deter its alleged pursuit of nuclear weapons. The extension was […]
By Alastair Macdonald | BRUSSELS BRUSSELS Islamic State will attack Europe again, security chiefs warned on Friday, and may add car bombs, cyber and chemical warfare to its local arsenal as European militants drift home after reverses in Syria and Iraq. Gilles de Kerchove, the European Union’s Counter-Terrorism Coordinator, said it was impossible to know for sure how many militants were already in Europe plotting. A report […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. employers boosted hiring in November and the unemployment rate dropped to a more than nine-year low of 4.6 percent, making it almost certain that the Federal Reserve will raise interest rates later this month. Nonfarm payrolls increased by 178,000 jobs last month after increasing by 142,000 in October, the Labor Department said on Friday. The solid employment gains likely reflect […]
By Emily Stephenson | NEW YORK NEW YORK U.S. President-elect Donald Trump was set to interview more candidates for top jobs in his administration on Friday and said he expected to have most members of his Cabinet announced next week. Trump, who takes office on Jan. 20, is still weighing who to choose as secretary of state. The Republican president-elect said on Thursday he had chosen retired […]
Law Blog rounds up the morning’s legal news: SCOTUS list: President-elect says he’s narrowed his list of potential Supreme Court nominations “down to probably three or four” candidates and said an announcement would come “pretty soon.” [Fox News] Immigration court backlog: Weighed down by a backlog of more than 520,000 cases, U.S. immigration courts are increasingly […] (via WSJ)
