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“We should all agree that in our constitutional democracy, the executive’s ability to attack another country is constrained by the law,” Justin Florence, the group’s legal director and a former Obama White House lawyer, wrote in an essay announcing the lawsuit. He added: “Some countries may tolerate a head of state launching a new conflict without offering a clear legal justification, but we should not.” Continue reading […]

By Thierry Chiarello and Sarah White | PARIS PARIS Emmanuel Macron may have won Sunday’s presidential election by a comfortable margin, but even his supporters’ enthusiasm is tempered by the scale of the challenge that the inexperienced politician faces in tackling France’s deep-seated economic, social and security problems. Macron, a former economy minister who had never previously stood for elected office, beat far-right leader Marine Le Pen […]

Sinclair Broadcast Group, the biggest US local television station owner, has struck an agreement to buy Tribune Media for $43.50 a share, valuing Tribune at about $3.9bn. The transaction is the first big move of an expected consolidation wave in media unleashed by the Federal Communications Commission’s recent decision to effectively loosen a cap on local television station ownership. The rule change has US media companies jostling […]

By Phil Stewart | COPENHAGEN COPENHAGEN U.S. Defense Secretary Jim Mattis said on Monday the United States would closely examine proposed de-escalation zones aimed at easing Syria’s civil war but warned “the devil’s in the details” and that much needed to be worked out. The deal to create “de-escalation” zones in the major areas of conflict in western Syria took effect on Saturday. The initiative was proposed […]

Brent crude oil, the international benchmark, is steady around $49 a barrel, after dropping by as much as 10 per cent last week in a move seen as a sign traders have grown impatient with Opec’s attempts to mop up a near three-year old surplus. The sell-off followed strong first quarter results from so-called “Big Oil” that trumpeted their ability to adapt to the price slump, with […]

WASHINGTON President Donald Trump’s temporary travel ban on people entering the United States from six Muslim-majority countries faces its latest legal test on Monday before a federal appeals court in Virginia. The Richmond-based 4th U.S. Circuit Court of Appeals is scheduled to hear an hour of oral arguments in the Trump administration’s appeal of a March 16 ruling by Maryland-based federal judge Theodore Chuang. His decision blocked […]

By Nigel Stephenson | LONDON LONDON European stocks and the euro pulled back on Monday from highs touched after Emmanuel Macron’s emphatic but well-flagged victory in France’s presidential election as investors’ focus shifted from politics to monetary policy. With the political risks that have dominated European markets in a year packed with elections seen receding, the European Central Bank is expected to have more room to tighten […]

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Emmanuel Macron has swept to emphatic victory in France’s presidential election, clinching 66 per cent of the vote to beat far-right candidate Marine Le Pen. The National Front candidate’s 34 per cent share fell well short of the most optimistic projections for Ms Le Pen, which had suggested she could win as much as 45 per cent of the vote in the second round. Mr Macron’s victory […]

Emmanuel Macron’s triumph in the French presidential election nudged the euro to a six-month high against the dollar, with analysts and investors predicting that the result could spur a return of money to the eurozone. The euro inched up 0.1 per cent to $1.1021 in the hours after it became clear the centrist had beaten Marine Le Pen, before dipping 0.1 per cent to $1.0977 as Asian trading started. […]

By Patricia Zengerle | WASHINGTON WASHINGTON Two officials in former President Barack Obama’s administration will testify on Monday in a Senate investigation into allegations of Russian meddling in the 2016 U.S. election and possible collusion between President Donald Trump’s campaign and Moscow. James Clapper, the Director of National Intelligence under Obama, and Sally Yates, who was Deputy Attorney General, will testify to the Senate Judiciary subcommittee on […]

BERLIN Europe’s political establishment entered 2017 in a state of panic. Britain had voted to leave the European Union six months before and the United States had just elected a president who was hostile to their grand project and the values it stood for. The same forces that had led to Brexit and Donald Trump – popular anger with distant elites, economic inequality and immigration – threatened […]

WASHINGTON President Donald Trump took aim again on Sunday at Rexnord Corp (RXN.N) for the industrial supplier’s decision to move jobs to Mexico from Indiana. Milwaukee-based Rexnord announced plans in October to move a bearing plant and its 300 jobs from Indianapolis, employees told the Indianapolis Star at the time. “Rexnord of Indiana made a deal during the Obama Administration to move to Mexico. Fired their employees,” […]

Sign up to receive FirstFT by email here Emmanuel Macron, an independent centrist, won an emphatic victory in France’s presidential run-off against Marine Le Pen, the far-right Front National leader, on Sunday, taking 65.1 per cent of the vote, according to estimates. Mr Macron’s victory is a phenomenal achievement for the 39-year-old former Rothschild banker, who has never before held elected office and whose political movement En Marche! was […]

In a week that started with big oil and US shale producers trumpeting their ability to thrive in a world of $50 a barrel crude, the market had a very quick response: let’s see if you can do it at $45. A brutal sell-off across commodity markets this week has quickly taken the shine off strong first-quarter results that would otherwise have been viewed as a triumph […]

The Federal Reserve risks political interference and losing its independence if it maintains a large balance sheet in the longer term, former Fed officials have claimed, as debate over the central bank’s strategy for unwinding its interventions in financial markets intensifies. Kevin Warsh, a visiting fellow at the Hoover Institution at Stanford University and former Fed governor, said permanently holding vast quantities of assets like treasuries was […]

BOSTON Former U.S. President Barack Obama is expected in Boston on Sunday to receive the John F. Kennedy Foundation’s annual “Profile in Courage Award,” honoring his accomplishments during his two terms in office in the face of intense political opposition. “President Kennedy called on a new generation of Americans to give their talents to the service of the country,” said Caroline Kennedy, John F. Kennedy’s daughter, who […]

By John Ruwitch | SHANGHAI SHANGHAI Organisers barred journalists on Sunday from a publicly advertised event in Shanghai to attract Chinese investment in a U.S. real estate project linked to the family of President Donald Trump’s son-in-law in exchange for immigrant visas. The two-tower luxury apartment complex in New Jersey, One Journal Square, is being developed by KABR Group and the Kushner Companies, which until recently was […]

Monday UN focus on migrants The UN will meet in Geneva to address the “human rights of all migrants, social inclusion, cohesion and all forms of discrimination, including racism, xenophobia and intolerance”. Organisers say they are working towards an ambitious global policy on migration, an issue high on the political agenda after the Mediterranean migrants’ crisis and US President Donald Trump’s clampdown on migration into the US […]

By Anthony Esposito | MONTERREY, Mexico MONTERREY, Mexico Engineers from across Mexico streamed into a cramped hotel lobby in the industrial city of Monterrey for a chance of a job with the U.S. electric vehicle maker Tesla Inc (TSLA.O), which is looking south of the border for talent in short supply at home. The fair was held at a delicate time for American firms hiring abroad as […]

MILAN Pope Francis on Saturday criticised the naming of the U.S. military’s biggest non-nuclear explosive as “the Mother of All Bombs”, saying the word “mother” should not be used in reference to a deadly weapon. The U.S. Air Force dropped such a bomb, officially designated as the GBU-43 Massive Ordnance Air Blast (MOAB) on suspected Islamic State fighters in eastern Afghanistan last month. The nickname was widely […]

By Ingrid Melander | PARIS PARIS After a tumultuous election campaign filled with scandal and surprises, the French public began to vote on Sunday on whether a pro-European Union centrist or an anti-EU, anti-immigration far-rightist will lead them for the next five years. Opinion polls indicate they will pick Emmanuel Macron, a 39-year-old ex-economy minister who wants to bridge the left-right divide, resisting an anti-establishment tide that […]

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 image of power was simple: Jared Kushner and Ivanka Trump walking off Marine One Thursday, hand-in-hand, and boarding Air Force One for a short trek to New York City with Kushner’s father-in-law. Yes, Jared Kushner, trusted power broker, to […]

By Jonathan Cable | LONDON LONDON The fate of the European Union and the euro could hang on the outcome of Sunday’s French presidential election. The expected victory of centrist, pro-EU candidate Emmanuel Macron would be taken by markets as a sign that political risk in Europe is receding; a surprise win for far-right candidate Marine Le Pen would raise the risk that the euro zone’s number […]

May 7, 2017 by: Harriet Agnew and Michael Stothard in Paris The French go to the polls on Sunday to vote for their next president in a run-off election where they will pick between independent centrist Emmanuel Macron and Front National leader Marine Le Pen. They face a choice between two radically different visions for the eurozone’s second-largest economy. Mr Macron, a 39-year old rookie politician whose […]

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