The CEO of Assurant appeared on Bloomberg TV to explain why demand for his services is likely to increase: the chief executive of the mobile phone insurer said he expects a surge in demand as carriers charge customers more to replace their devices. “If you think back five years ago, you as a consumer didn’t know how much that phone cost, you thought it was free or […]
Mr. Trump signed the first ban with great fanfare, in front of reporters, at the Pentagon. “We don’t want them here,” Mr. Trump said of Islamist terrorists. “We want to ensure that we are not admitting into our country the very threats our soldiers are fighting overseas. We only want to admit those into our country who will support our country, and love deeply our people.” Video […]
The U.S. Supreme Court on Monday refused to hear an appeal by a Jamaican pimp who styled himself as Dracula, even wearing gold-plated fangs, concerning his objection to being ordered to pay restitution to a woman he forced into prostitution in her native Australia. The case involving Damion Baston centered on whether American courts can compel a non-U.S. citizen convicted of sex trafficking to pay restitution to […]
By Lawrence Hurley | WASHINGTON WASHINGTON The U.S. Supreme Court avoided a ruling on transgender rights by sending a closely watched case involving bathroom access at a Virginia high school back to a lower court on Monday after President Donald Trump rolled back protections for transgender students. Lawyers for a transgender student named Gavin Grimm, who was born female and identifies as male, had asked the justices […]
TOKYO U.S. stock futures dropped and Asian shares were on the defensive on Monday as investors weighed the near-certain prospect of an interest rate hike in the United States this month against news of slower growth in China this year. Risk appetite also took a hit on rising geopolitical tensions in East Asia, as North Korea fired four ballistic missiles early in the day, while a spat […]
A delegation from the Federal National Council has visited Emirati patients receiving treatment at London medical centres. Dr Amal Al Qubaisi, Speaker of the FNC, led the delegation that visited the Great Ormond Street Hospital and London Clinic on Sunday, reported Wam, the state news agency. During the visit, she mentioned a donation from Sheikha Fatima bint Mubarak, Mother of the Nation, to build a centre for […]
Via Daniel Mitchell of The Foundation for Economic Education, I focus most of my ire on the federal government because bad policy from Washington is the biggest threat to our nation’s freedom and prosperity. But we also get plenty of bad policy from other levels of government. I periodically focus on the foibles of states such as California, Illinois, and New York. Today, though, let’s contemplate the […]
By Balazs Koranyi | FRANKFURT FRANKFURT Two of the world’s biggest central banks are likely to find themselves with a bigger policy gap by the end of the coming fortnight The European Central Bank on Thursday will resist calls to start tightening policy against surging inflation but robust U.S. jobs data on Friday could seal the case for another Federal Reserve hike the week after. So, let’s […]
BAGHDAD: Iraqi troops encountered the “heaviest” clashes yet with Daesh group fighters Sunday in western Mosul since the start of the new push more than two weeks ago, according to a senior commander.Maj. Gen. Haider Al-Maturi of the Federal Police Commandos Division told The Associated Press that Daesh militants dispatched at least six suicide car bombs, which were all destroyed before reaching the troops. The militants, he […]
When Paul Ryan, speaker of the U.S. House of Representatives, talks of social mobility, about helping struggling Americans move out of impoverished areas to give them greater opportunity, Shiva Daniels is the kind of person he has in mind. A federal housing voucher allowed Daniels to escape her crime-plagued neighborhood in Dallas, Texas, and move her four children to the suburb of Garland. That move helped Daniels […]
WASHINGTON The White House on Sunday asked the U.S. Congress to examine whether the Obama administration abused its investigative authority during the 2016 campaign, as part of the ongoing congressional probe into Russia’s influence on the election. The request came a day after President Donald Trump alleged, without supporting evidence, that then-President Obama ordered a wiretap of the phones at Trump’s campaign headquarters in Trump Tower in […]
China has lowered its annual economic growth target to “around” 6.5 per cent, as Beijing plans to focus on risk control in the final year of President Xi Jinping’s first term. The figure, down from the government’s target growth range of 6.5 to 7 per cent for 2016, was revealed on Sunday morning by Premier Li Keqiang in his annual “work report” to China’s parliament, the National […]
Via Nicholas Eberstadt of CommentaryMagazine.com, On the morning of November 9, 2016, America’s elite—its talking and deciding classes—woke up to a country they did not know. To most privileged and well-educated Americans, especially those living in its bicoastal bastions, the election of Donald Trump had been a thing almost impossible even to imagine. What sort of country would go and elect someone like Trump as president? Certainly not […]
By Abdi Sheikh | MOGADISHU MOGADISHU Some 110 people have died in southern Somalia in the last two days from famine and diarrhoea resulting from a drought, the prime minister said on Saturday, as the area braces itself for widespread shortages of food. In February, United Nations children’s agency UNICEF said the drought in Somalia could lead to up to 270,000 children suffering from severe acute malnutrition […]
The calendar may have only just flipped into March, but it has already felt like a long year for dollar bulls. They have been frustrated with the wait for detail from Donald Trump on the proposed tax and fiscal policies that started their run at his election in November. It is a rally that has faded in 2017, with the US currency down 0.25 per cent this […]
Donald Trump accused Barack Obama of tapping his phones before the November presidential election and compared the situation to the Watergate scandal that forced Richard Nixon to resign. “How low has President Obama gone to tapp my phones during the very sacred election process. This is Nixon/Watergate. Bad (or sick) guy!” Mr Trump tweeted. In an early morning tweet storm, Mr Trump claimed without providing evidence that Mr Obama […]
In Jerusalem — where the governor will spend most if not all of his time outside the airport — he will meet with the mayor, Nir Barkat, and a group of business leaders. Continue reading the main story The impromptu nature of Mr. Cuomo’s trip is not accidental. With a rash of anti-Semitic threats and racist vandalism occurring in New York and nationwide, the governor said he […]
There were no surprises in Yellen’s speech in Chicago on Friday in which the Fed chair confirmed the sudden and dramatic hawkish turn hinted at earlier in the week by Dudley and Williams, and which sent March rate hike odds from the low 30s to nearly 100% in the span of days. According to Yellen, the FOMC would “evaluate whether employment and inflation are continuing to evolve […]
Plot twists, accusations and 25,000 pages of evidence — a snapshot of the case that will determine Nawaz Sharif’s fate. Panama Papers leaked; Sharif family under spotlight — Feica/Dawn. The International Consortium of Investigative Journalists (ICIJ) makes 11.5 million secret documents available to the public for the very first time. The documents, coming from Panamanian law firm Mossack Fonseca, contain confidential attorney-client information for more than 214,488 […]
Investors have poured nearly $80bn into US equity funds since November’s election as optimism over the new administration’s pro-growth agenda received a boost after President Donald Trump addressed Congress this week. Funds invested in US stocks counted $6.7bn of additions in the week to March 1, lifting flows since November 8 to $79.4bn, according to data from EPFR. The inflows have partially reversed a near constant exodus […]
By Alex Dobuzinskis | LOS ANGELES LOS ANGELES A massive sewage spill from Mexico’s Tijuana River that polluted miles of coastland in Southern California and northern Mexico has prompted an investigation, with U.S. officials calling it deliberate and Mexican authorities saying it was an accident caused by heavy rain. The pollution closed beaches and kept surfers and swimmers out of the ocean, drawing outrage from residents of […]
Speaking to American state governors this week in the state dining room of the White House, Donald Trump hit on a point that is of no surprise to investors: healthcare is “an unbelievably complex subject”. The Affordable Care Act, one of the two key pillars of the healthcare reform signed into law by former US President Barack Obama in 2010, is 906 pages long — the table […]
WASHINGTON U.S. Vice President Mike Pence on Friday said there was “no comparison whatsoever” between his use of a private email account for state business while he was governor of Indiana and the email woes of former Secretary of State Hillary Clinton. Clinton’s use of a private email server during her time in government became a major point of criticism against her as the Democratic nominee during […]
By Julia Edwards Ainsley | WASHINGTON WASHINGTON Women and children crossing together illegally into the United States could be separated by U.S. authorities under a proposal being considered by the Department of Homeland Security, according to three government officials. Part of the reason for the proposal is to deter mothers from migrating to the United States with their children, said the officials, who have been briefed on […]
