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Following President Trump’s clarifying tweet yesterday that “Obamacare will explode” on its own… ObamaCare will explode and we will all get together and piece together a great healthcare plan for THE PEOPLE. Do not worry! — Donald J. Trump (@realDonaldTrump) March 25, 2017 It is becoming increasingly clear that, even without the ‘repeal’, the Trump administration has already begun using its regulatory authority to water down less […]

By Maria Sheahan and Hakan Erdem | BERLIN/SAARBRUECKEN, Germany BERLIN/SAARBRUECKEN, Germany Chancellor Angela Merkel’s conservatives strengthened their position as the largest party in the western state of Saarland in a regional vote on Sunday, bolstering her prospects of winning a fourth term in September’s national election. The election was the first of three regional votes ahead of the Sept. 24 federal vote and as such offered an […]

Last week, the Office for National Statistics released the inflation results for the British economy. Even though most analysts weren’t expecting any huge differences, the numbers (updated until February) paint a completely different picture. In February, the inflation rate increased rather sharply. On a month-on-month basis, the CPI increased by 0.7% (whereas January was a month with deflation). The current YoY inflation rate based on the CPI […]

By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, driven by the energy sector, bucking a slowdown in the broader economy. The Federal Reserve last week described business investment […]

By Steve Holland and David Shepardson | WASHINGTON WASHINGTON U.S. President Donald Trump on Friday touted Charter Communications Inc’s decision to invest $25 billion in the United States and a plan the company announced before he was elected to hire 20,000 workers over four years. At a White House event with the second-largest U.S. cable company’s Chief Executive Thomas Rutledge and Texas Governor Greg Abbott, Trump praised […]

China, Chile and Egypt lifted suspensions on Brazilian meat imports on Saturday in a victory for the Latin American country`s third-biggest export industry, the Brazilian government said.  China, which accounts for about one-third of Brazil`s meat exports, as well as major customers Chile and Egypt lifted the bans in spite of ongoing investigations into allegations of corruption between health inspectors and the operators of regional plants.  “This […]

Bebas says he misrepresented Muslims and legal figures say he misinterpreted the Federal Constitution. PETALING JAYA: Former chief justice Ahmad Fairuz Abdul Halim has earned reproach from several quarters for remarks he made yesterday at a lecture titled “Islam as the Law of the Land”. Referring to Fairuz’s assertions that all Malays would welcome the imposition of hudud and that they did not care about equality, Azrul […]

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Elon Musk has finally shut down rumors that his own company, SpaceX, will greatly benefit from President Donald Trump’s latest bill for the National Aeronautics and Space Administration, or NASA. This is despite the unbelievable fact that the President just made human exploration to Mars a federal law. Elon Musk Not Happy Responding to a tweet by Kara Swisher, the cofounder of independent tech news website Recode, which implied that […]

SINDELFINGEN, Germany German Finance Minister Wolfgang Schaeuble, a key figure in Berlin’s handling of the euro zone crisis and Greece’s bailout programmes, won a ringing endorsement from his conservative party on Saturday to stand in September’s federal election. With 95 percent support, 74-year-old Schaeuble secured first place on the conservative Christian Democrats’ (CDU) list of candidates in the southwestern state of Baden-Wuerttemberg for the federal election to […]

An Uber self-driving car has crashed in Arizona, dealing another setback to the US ride-hailing company after a spate of adverse publicity over internal management failures. The SUV was in a collision with another vehicle and rolled on to its side on Friday evening, according to local police. On Saturday, Uber said its vehicle was not carrying any customers at the time of the crash, but provided […]

Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today’s markets are dangerously overpriced. Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve been deeply skeptical of the financial markets ever since the central banks began their highly interventionist policies. Since 2009, they have […]

DUBAI // Owners of dangerous dogs are in limbo following new directives on keeping pets listed as illegal in the UAE. A six-month amnesty has been announced allowing owners time to remove their dogs from the country, but many are unsure when that grace period will begin. Some have been reassured that dogs will not be destroyed, but instead rounded up and sent to no-kill shelters before […]

By Jonathan Stempel | NEW YORK NEW YORK A federal judge on Friday held United Parcel Service Inc (UPS.N) liable for having illegally shipped hundreds of thousands of cartons of untaxed cigarettes in New York, depriving the state and New York City of millions of dollars of taxes. U.S. District Judge Katherine Forrest in Manhattan said the state and city are entitled to compensatory damages and fines, […]

A rush by emerging market governments to sell debt before the US Federal Reserve further raises interest rates this year has propelled issuance in Asia to record levels since the start of January, new data shows. Swelled by a $3bn Indonesian bond launched on Thursday, the total value of sovereign bonds sold in Asia, excluding Japan, reached $8.2bn in the year so far, up from $6.5bn in […]

The SEC filing also said Diamond S Shipping vessels aren’t necessarily prohibited from calling in locales where sanctions and embargoes apply. In the filing, the company said it believed it was in compliance with all applicable sanctions, embargoes, laws and regulations. In a statement to the Center for Public Integrity, the company said its “charter agreements expressly require compliance with all applicable laws, specifically prohibit trading in […]

By David Morgan | WASHINGTON WASHINGTON After failing to repeal Obamacare, Republicans in the U.S. Congress quickly pivoted on Friday to President Donald Trump’s next priority: overhauling the federal tax code, but their plan has already split the business community. Division among Republicans was the chief cause of the embarrassing setback on Obamacare, and similar fault lines have been evident for months in the Republicans’ tax plan, […]

For the hardliners of the Freedom Caucus, a conservative group renowned for its ideological purity, the healthcare defeat they helped inflict on Donald Trump showed their willingness to wreak havoc had reached a new high. The group has a record of ruining the plans of party leaders. But they attained a new potency on Friday by bringing down the top legislative priority of a president from their own party […]

By Alberto Alerigi and Thais Freitas | SAO PAULO SAO PAULO Brazil’s meat exports have fallen sharply since a police investigation into alleged bribery of food-sanitation inspectors in the world’s top beef and poultry exporter sparked a wave of trade bans, an industry group said on Friday. Restrictions by several key importers of Brazilian meat, ranging from China to Europe, caused a 22 percent drop in weekly […]

Authored by Finian Cunningha, via The Strategic Culture Foundation, There was a time when Russophobia served as an effective form of population control – used by the American ruling class in particular to command the general US population into patriotic loyalty. Not any longer. Now, Russophobia is a sign of weakness, of desperate implosion among the US ruling class from their own rotten, internal decay. This propaganda […]

Law firms don’t have a constitutional right to share their profits with non-lawyer investors, a federal appeals court in New York ruled. The Second U.S. Circuit Court of Appeals on Friday upheld New York’s ban on non-lawyer investment in law firms, throwing out a challenge by a firm that argued the prohibition violated its First […] (via WSJ)

By Jeff Mason and Ethan Lou | WASHINGTON/CALGARY WASHINGTON/CALGARY U.S. President Donald Trump’s administration approved TransCanada Corp’s Keystone XL pipeline on Friday, cheering the oil industry and angering environmentalists even as further hurdles for the controversial project loom. The approval reverses a decision by former President Barack Obama to reject the project, but the company still needs to win financing, acquire local permits, and fend off likely […]

A new study looking into job automation estimates that millions of human workers around the world might lose their jobs to robots in the future. According to a new PwC report, many jobs worldwide risk automation from artificial intelligence and robotics by the early 2030s. However, the report notes that in many cases the jobs won’t disappear altogether, but rather change and adapt. US Jobs Most At Risk […]

March 24, 2017 by: Eric Platt in New York and Stephen Smith in London The US stock market closed lower on Friday as the Trump administration’s struggle in Congress to repeal Obamacare heightened concerns about its ability to drive through an economic agenda that had spurred equity valuations to fresh records. The S&P 500 ended down 0.1 per cent to 2,344 reversing a 0.4 per cent advance […]

The police raided the apartment of the teenager’s family on Thursday morning and arrested him as the prime suspect behind a monthslong wave of bomb threats against Jewish institutions in the United States, Australia and New Zealand, sowing panic and prompting evacuations. The Israeli police said he had also made threats against commercial airlines, including at least one Delta Air Lines flight in 2015, forcing an emergency […]

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