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By Emily Stephenson | INDIANAPOLIS INDIANAPOLIS President-elect Donald Trump warned on Thursday that U.S. companies would face “consequences” for outsourcing jobs abroad, as he touted his early success in persuading an air conditioner maker to keep about 1,000 jobs in the United States rather than move them to Mexico. “Companies are not going to leave the United States anymore without consequences. Not going to happen,” the Republican […]

A typically sedate government Twitter account sprang to life Wednesday in the wake of President-elect Donald Trump’s announcement that he would exit his family business, sending out congratulatory but pointed messages that raised questions about whether the tweets were authorized — or perhaps the work of a rogue employee or hacker. The Office of Government Ethics’ Twitter […] (via WSJ)

By Emily Stephenson and Dustin Volz | WASHINGTON WASHINGTON President-elect Donald Trump, who pledged on the campaign trail to “drain the swamp” in Washington, is staffing his on-the-ground transition teams mostly with government veterans, including ex-lobbyists, a Reuters review of publicly available information shows. Drawing heavily from former military, congressional and agency staff, he has named about 140 operatives to “landing teams” at various government departments to […]

After securing a deal to save 1,100 jobs at a Carrier plant in Indiana from being exported to Mexico, Trump is set to kick off his Midwest “Thank You Tour” with a speech there which is expected to get started around 2pm EST.   As we pointed out earlier this morning, Trump’s deal reached with Carrier keeps 1,100 jobs in the U.S. in return for $700,000 in […]

President-elect Donald Trump has spoken with more than 40 foreign leaders since he won the Nov. 8 election, but his transition team has provided few details about what is discussed in those conversations. That has left plenty of room for the foreign leaders to offer their interpretations of these phonecalls, ranging from the discreet to the effusive. The latest example came Wednesday, with the Pakistani government issued […]

Saudi Arabia’s aviation agency was attacked last month by an aggressive computer virus intended to disrupt high-profile government targets, officials and experts said on Thursday. The attack, which experts say emanated from outside the country, used a version of Shamoon, malware used to target the Saudi energy sector four years ago. Similar kinds of data-clearing software were used in 2014 against the Las Vegas Sands and Sony. […]

By Kristina Cooke | MENLO PARK, Calif. MENLO PARK, Calif. Facebook Inc (FB.O) is working on automatically flagging offensive material in live video streams, building on a growing effort to use artificial intelligence to monitor content, said Joaquin Candela, the company’s director of applied machine learning. The social media company has been embroiled in a number of content moderation controversies this year, from facing international outcry after […]

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The month that stunned investors with Donald Trump’s US election victory was a record-breaker in markets. The prospect of big tax cuts and fiscal spending from the incoming administration has stirred the market’s animal spirits, driving Wall Street into record territory, while bond prices have been hit hard by expectations of higher inflation. Here is how November played out in numbers: 13 — The dollar index — […]

By Crispian Balmer | ROME ROME A ‘No’ vote in Sunday’s referendum on constitutional reform would be a slap in the face to Europe, said the head of the rightist Northern League, pledging to pull Italy from the euro if he wins the next national elections. Matteo Salvini, who has said he would run for prime minister, has helped lead the campaign against the government’s planned overhaul […]

Gold has suffered its worst month since mid-2013, as the election of Donald Trump, the rising dollar and increased expectations of a US rate rise combined to send prices down 8.1 per cent in November. The fall to $1,173.20 per troy ounce marked the steepest monthly sell-off since June 2013, when the precious metal lost 11 per cent in the wake of the so-called taper tantrum. November’s […]

By Saikat Chatterjee | HONG KONG HONG KONG China’s factories notched their strongest growth in activity in two years and Japanese firms’ order books rose in November, masking concern about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally. Factory surveys produced stronger purchasing manager index (PMI) numbers in China, Taiwan and Vietnam, and while activity in Japan’s factories was still growing […]

It’s a new world: Donald Trump’s world. As 2017 hits, we’re going to see the US government’s attitude towards a range of technologies change, whether it be about a lighter touch on regulation or a harsher look at companies that import heavily from China. I hate making stock predictions. I’m going to try to stick to what I think you should expect and do, as […]

Submitted by Federico Pieraccini via Strategic-Culture.org, Looking at US history over a fairly long period of time, it is easy to see the destructive path that has accompanied the expansion of the American empire over the last seventy years. While World War II was still raging, US strategists were already planning their next steps in the international arena. The new target was immediately identified in the assault […]

By Drazen Jorgic | ISLAMABAD ISLAMABAD U.S. president-elect Donald Trump offered to help solve Pakistan’s problems and praised Prime Minister Nawaz Sharif as a “terrific guy” in the first call between the two men, the Pakistani leader’s office said. Historical allies in the region, Islamabad and Washington have seen relations sour in recent years over U.S. accusations that Pakistan shelters Islamist militants, a charge denied by the […]

CAIRO: Sudanese President Omar Bashir, who is wanted by the International Criminal Court for war crimes in Darfur, voiced his support on Tuesday for US President-elect Donald Trump, saying dealing with him will be “much easier.”Trump “focuses on the interests of the American citizen, as opposed to those who talk about democracy, human rights and transparency,” Bashir said in an interview published by Emirati daily Al-Khaleej.“I am […]

In a more drastic move to police its platform, Reddit announced that it is now going to penalize users who display toxic behavior in the popular online forum. The company is said to have identified a collection of misfits who will be facing a warning notice or even a permanent ban. Steve Huffman vs. Reddit Trolls This development is tied to the recent controversy involving Reddit’s CEO […]

Photo Mahmoud Abbas, the president of the Palestinian Authority, center, was greeted by fellow Fatah members on the second day of the Fatah party conference, in Ramallah, the West Bank, on Wednesday. Credit Majdi Mohammed/Associated Press RAMALLAH, West Bank — Mahmoud Abbas, the president of the Palestinian Authority that operates in the West Bank, proposed on Wednesday the creation of a temporary unity government along with Hamas, […]

To our complete shock, the Government Accountability Office has released a report blasting the Education Department’s understanding of basic mathematics and accounting concepts after finding the department drastically underestimated the costs of Obama’s student loan forgiveness programs.  The 100-page report entitled “Federal Student Loans:  Education Needs to Improve Its Income Driven Repayment Plan Budget Estimates” found that taxpayers could be on the hook for $137BN of student […]

The shares of large US energy groups shot up to their highest levels since last July on Wednesday after Opec agreed to the first production cut since the 2008 financial crisis. The S&P 500 energy sector rallied 4.8 per cent in its biggest gain in 15 months. The rise came after the cartel struck a long-awaited pact aimed at reducing the glut of supply on global markets […]

By Angus McDowall and Tom Perry | BEIRUT BEIRUT Syrian rebels on Wednesday vowed to fight on in east Aleppo in the face of sudden government advances that have cut the area held by the opposition by a third in recent days and brought insurgents in the city to the brink of a catastrophic defeat. Gains by the Syrian army and its allies since last week have […]

Steven Mnuchin made his fortune by swooping in to buy IndyMac, one of the biggest casualties of the mortgage crisis, then selling it for more than twice what he paid five years later. But to Kevin Stein, deputy director of the California Reinvestment Coalition, a housing advocacy group, it sticks in the craw to see him nominated by Donald Trump to serve as the 77th US Treasury […]

While this should come as a shock to precisely no one other than some disaffected Hillary supporters who were hoping for a miracle, Jill Stein’s request for a full “hand recount” in the state of Wisconsin has officially been denied by Dane County Circuit Judge Valerie Bailey-Rihn.  According to the StarTribune, the request was denied after the judge found that Stein failed to show any mistakes or […]

Just as horror movies can spook fright nerds more than they expect, so political risk is sparking heightened levels of anxiety among seasoned investors. Investors caught out by Brexit and Donald Trump are making better preparations for political risk in Europe, plotting a route to the exit door if the unfolding story of French, German and Dutch elections poses a serious test for markets. One key measure […]

By Steve Holland | NEW YORK NEW YORK Under pressure to avoid any conflict of interest, President-elect Donald Trump said on Wednesday he will be leaving his far-flung business “in total” to focus on running the country and scheduled a Dec. 15 news conference to lay out his plan. Trump announced his plans in a series of tweets but did not explain exactly what he would be […]

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