Saudi Arabia posted its first rise in non-oil exports for eight months in January, according to latest data released by the country’s Central Department of Statistics and Information. The value of Saudi Arabia’s imports shrank 11.6 percent to SR43.2 billion from a year earlier in January while non-oil exports rose by 10.3 percent to more than SR14 billion over the same period. Non-oil exports traditionally account for […]
SACRAMENTO, Calif. The California Senate approved legislation on Monday to restrict police agencies statewide in assisting federal efforts to deport illegal immigrants, after the bill was amended to give local law enforcement more leeway in dealing with those who are violent offenders. Senate passage of the bill comes amid a heated debate in California and across the country over the “sanctuary” movement, in which many local government […]
April 4, 2017 by: Hudson Lockett in Hong Kong Tuesday 06.00 BST Overview Asian bonds rallied on Tuesday and yield on US Treasuries dipped to a five-week low ahead of key US events later in the week, while sentiment on South Africa’s rand soured further after S&P downgraded the country’s credit rating. Hot topic The yield, which moves inversely to price, on 10-year US Treasuries rose 1 […]
ZDNet ST. MAARTEN: The cybercriminals allegedly responsible for an attack on Bangladesh’s central bank which left the country’s wallet millions of dollars lighter is showing “no signs of stopping,” according to security experts. The group, dubbed Lazarus, managed to dupe banking staff into transferring $80 million from the Central Bank of Bangladesh’s New York Federal Reserve account after spending several months studying how the financial institutions communicated […]
A new sexual harassment lawsuit against Rupert Murdoch’s Fox News Channel has increased the pressure on the cable network with allegations that Bill Shine, its co-president, failed to protect a female contributor from retaliation by Roger Ailes after she spurned his unwanted advances. Julie Roginsky, a Fox News contributor and political consultant, alleged in a complaint filed in New York State supreme court that she was denied […]
Investors face a test of nerve as the second quarter beckons. The rally in US stocks and the dollar sparked by the election of Donald Trump is looking stretched, amid doubts about the president’s ability to deliver fiscal stimulus for the economy that can justify lofty equity valuations. The shifting mood has spurred money into emerging markets and European stocks, with EM currencies enjoying a stellar March […]
One can count on smart and witty astrophysicist Neil deGrasse Tyson to throw someone a playful challenge every time. Take, for instance, his message for SpaceX founder Elon Musk during an “Ask Me Anything” session on Reddit Sunday. When asked about the recent Falcon 9 mission (its historic blastoff into space carrying a SES-9 satellite) and whether he would ever consider going to Mars via the Musk-owned company, […]
By Ulf Laessing | MOSUL, Iraq MOSUL, Iraq Sitting in a wheelchair and wearing sunglasses, pensioner Abdelraziq Abdelkarim enjoys the afternoon sun outside his house in Mosul after a day of rain. He does not flinch when a mortar opens fire just around the corner. His home is on the busiest frontline in the northern Iraqi city just 200 m (yards) from Islamic State positions. Outside his […]
The Australian Privacy Foundation (APF) has recommended that the Department of Human services (DHS) reform its automated debt recovery process and bring back the “human” involvement that was replaced with the new data-matching technology. In its submission [PDF] to the Senate Community Affairs References Committee, the APF noted several serious concerns about the automatic data matching system used by Centrelink, citing problems with relying on technology as […]
Here are the main questions facing markets as a new trading week and the start of the second quarter beckons. What are the likely drivers?A host of market-moving events confront investors as the calendar flips over to April. These include France’s presidential elections and the opening salvos of the UK’s divorce from the EU. But there is also the prospect of a sustained recovery in global activity, […]
By Jonathan Spicer | NEW YORK NEW YORK The Federal Reserve could begin shrinking its $4.5-trillion balance sheet as soon as this year, earlier than most economists expect, New York Fed President William Dudley said on Friday in the central bank’s most definitive comments on the question that looms over financial markets. The hawkish-sounding assertion temporarily pushed the dollar lower and raised yields on longer-dated bonds, and […]
This story is a collaboration between Kaiser Health News and the Center for Public Integrity. The Justice Department has joined a California whistleblower’s lawsuit that accuses insurance giant UnitedHealth Group of fraud in its popular Medicare Advantage health plans. Justice officials filed legal papers to intervene in the suit, first brought by whistleblower James Swoben in 2009, on Friday in federal court in Los Angeles. On Monday, they sought a […]
By David Shepardson | WASHINGTON WASHINGTON Comcast Corp, Verizon Communications Inc and AT&T Inc said Friday they would not sell customers’ individual internet browsing information, days after the U.S. Congress approved legislation reversing Obama administration era internet privacy rules. The bill would repeal regulations adopted in October by the Federal Communications Commission under former President Barack Obama requiring internet service providers to do more to protect customers’ […]
Based on lab tests conducted in Switzerland, Black Insomnia could be the strongest coffee in the world. It contains 702 milligrams of caffeine per 12-ounce cup, which is far higher when compared to the same amount of Starbucks’ dark roast coffee, which contains only 195 milligrams of coffee . Mary Sweeney, from Johns Hopkins School of Medicine, who conducts study on the effects of caffeine, said that Black […]
NEW YORK U.S. mortgage finance giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday. These assets, known as deferred tax assets, are items such as tax credits that may be used to […]
Your daily guide to community and cultural activities across the Emirates for April 2, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi #YearofGiving Donate pre-loved […]
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. There is dumb provocative, which we can associate with talk radio and President Trump’s tweets, and there is smart provocative. Nieman Lab offers the latter as it wonders if the media and American banking are soulmates when it comes to […]
Authored by Daniel Lang via SHTFplan.com, If you’ve been paying attention to the ongoing degradation of the American economy since the last financial crisis, you’re probably flabbergasted by the fact that our economy has managed to make it this far without imploding. I know I am. I find myself shocked with every year that passes without incident. The warning signs are there for anyone willing to see, […]
O’Keefe said Project Veritas’ lawyer, Benjamin Barr, is submitting complaints and requests for investigation to the Department of Justice, the U.S. Attorney’s Office for the Southern District of New York and the FEC. O’Keefe provided the Center for Public Integrity with copies of the letters from Barr to the Department of Justice and the Federal Election Commission. The letters state the creators of the PAC “fraudulently misrepresented […]
By Mark Hosenball | WASHINGTON WASHINGTON U.S. President Donald Trump on Friday backed a decision by his former national security adviser to seek immunity in congressional investigations of possible ties between his election campaign and Russia, but there was no immediate sign a request would be granted. Retired General Michael Flynn, who resigned only 24 days after becoming national security adviser, wants protection against “unfair prosecution” if […]
Major internet service providers (ISPs) on Friday said they don’t plan to sell their customers’ web browsing data, even after Congress cleared the way for them to do so. The statements from Verizon, Comcast and AT&T follow the congressional vote to repeal federal regulation that would have prevented ISPs from selling consumers’ personal information. “We have committed not to share our customers’ sensitive information (such as banking, […]
President Trump has repeatedly threatened to change U.S. libel law to crack down on news organizations that publish information he finds objectionable. But could he actually make good on his threat? Several First Amendment experts reached by Poynter say President Trump couldn’t amend libel law simply because there is no federal statute governing libel. Further, any changes to existing libel laws would likely not favor President Trump, […]
By Alex Dobuzinskis | LOS ANGELES LOS ANGELES Federal agents have arrested illegal immigrants at California courthouses because local authorities have made such apprehensions at jails difficult, the Trump administration’s top two law enforcement officials told the state’s chief justice, who had requested a halt to the practice. In a letter to Chief Justice Tani Cantil-Sakauye made public on Friday, U.S. Attorney General Jeff Sessions and Department […]
President Donald Trump said immunity should be offered to former national security adviser Michael Flynn in exchange for his congressional testimony in to Russian interference in the US election, an inquiry both men dismissed as a “witch hunt”. Mr Flynn’s lawyer on Thursday said the former general had offered to testify in the House and Senate intelligence committees’ hearings on Russia, only if he had reasonable assurances […]
