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The Republican-controlled Committee on Oversight and Government Reform approved a bill earlier today to allow for a congressional audit of the Federal Reserve’s monetary policy, a proposal Fed policymakers have opposed and likely faces a difficult path to final approval in the Senate.  Under the bill, the Fed’s monetary policy deliberations could be subjectto outside review by the Government Accountability Office.  While similar bills have garnered some […]

Index provider FTSE Russell is to consult with stakeholders about including Snap in its widely followed Russell indices, amid investor worries about lack of shareholder rights at the newly listed messaging app provider. The consultation, to be officially launched in the coming days, is the latest sign of growing interest among “passive” fund managers in the corporate governance of the companies their index-tracking model obliges them to […]

By Isabel Coles | MOSUL, Iraq MOSUL, Iraq Investigators are in the Iraqi city of Mosul to determine whether a U.S.-led coalition strike or Islamic State-rigged explosives caused a huge blast that destroyed buildings and killed more than 200 people, a U.S. military commander said. Conflicting accounts have emerged since the March 17 explosion in al-Jadida district in west Mosul, where Iraqi forces backed by U.S.-led coalition […]

SEOUL The remains of what appears to be at least one unrecovered victim of South Korea’s sunken Sewol ferry were found near the salvaged vessel on Tuesday, an official said, nearly three years after the disaster that killed 304 people. The ferry was structurally unsound, overloaded and travelling too fast on a turn when it capsized and sank during a routine voyage off the southwest coast on […]

Elon Musk is a man who wants to do a myriad of things: he wants autonomous electric cars cruising down streets in the near future, he wants to send people to Mars and our Moon, and he wants to build a substitute to trains that travels blazingly fast. Now, he has another item in his to-do list: to link up your human brain with artificial intelligence. How? With the […]

Dawn is the time to see Angkor Wat. Waiting in the dark as the exquisite 11th-century temple is conjured out of the Cambodian jungle feels ridiculously thrilling. As the sun rises above the tall, minutely carved, lotus-like towers, and the ornate magnificence of the buildings is reflected in the great ornamental lakes, you get a sense of how 19th-century French explorer Henri Mouhot must have felt when […]

Tuesday 08:45 GMT What you need to know ● Markets recovering their poise after “Trump trade” wobble● S&P 500 futures higher and helping European to open on the front foot ● Energy stocks underpinning bourses as oil prices gain ground● Dollar steadies after sliding to four-month lows, Treasury yields nudge up● Gold prices ease back as haven flows dwindle——————- Hot topic Investors are rediscovering their risk appetite […]

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Astronomers have used a radio telescope in outback Western Australia to see the halo of a nearby starburst galaxy in unprecedented detail. A starburst galaxy is a galaxy experiencing a period of intense star formation and this one, known as NGC 253 or the Sculptor Galaxy, is approximately 11.5 million light-years from Earth. “The Sculptor Galaxy is currently forming stars at a rate of five solar masses […]

TOKYO Investigators pored over a Japanese mountain on Tuesday after a massive avalanche tore through a group of high school students and teachers, killing eight, amid questions about why avalanche warnings were ignored and whether they had proper equipment. The avalanche in central Japan on Monday, which struck along some 50 metres (150 ft) of a steep slope just above a ski area, killed seven students and […]

New updates for Final Fantasy XV have added an alternate version of the much-maligned Chapter 13 of the popular RPG, in addition to inserting a bit of political color into the game. The updates, 1.06 and 1.07, introduce several other additions to Final Fantasy XV in advance of the arrival of the game’s first DLC, Episode Gladiolus. Changes To ‘Final Fantasy XV’ Chapter 13 In December of last year, […]

By Tom Westbrook and Benjamin Weir | SYDNEY SYDNEY Howling winds, heavy rain and huge seas pounded Australia’s northeast on Tuesday, damaging homes, wrecking jetties and cutting power to thousands of people as Tropical Cyclone Debbie tore through Queensland state’s far north. Wind gusts stronger than 260 km per hour (160 mph) were recorded at tourist resorts along the world-famous Great Barrier Reef as the powerful storm, […]

SEOUL South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May’s presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal. The conglomerates known as chaebol have come under the reform buzz saw before, only to emerge bigger and stronger than ever. The country’s four biggest chaebol groups account for around half the […]

A bystander who touched off a social media furor after she saw United Airlines stop two teenage girls dressed in leggings from boarding a flight admitted on Monday that she did not fully grasp the situation when she started tweeting her indignation. The girls, who were flying standby on Sunday from Denver to Minneapolis using free passes for employees or family members, were told by a gate […]

By Noel Randewich and Rishika Sadam Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner’s IPO underwriters handed it badly needed “buy” ratings. Snap’s listing on March 1 was the largest by a technology firm in three years but trading has been volatile, with many investors critical of decelerating user growth. Snap has warned it may never become profitable. Analysts […]

By David Brunnstrom | WASHINGTON WASHINGTON China appears to have largely completed major construction of military infrastructure on artificial islands it has built in the South China Sea and can now deploy combat planes and other military hardware there at any time, a U.S. think tank said on Monday. The Asia Maritime Transparency Initiative (AMTI), part of Washington’s Centre for Strategic and International Studies, said the work […]

By Idrees Ali and Phil Stewart | WASHINGTON WASHINGTON North Korea has carried out another test of a rocket engine that U.S. officials believe could be part of its programme to develop an intercontinental ballistic missile, officials told Reuters on Monday. The latest test follows one earlier this month, and is another sign of Pyongyang’s advancing weapons programme. It comes amid mounting U.S. concerns about additional missile […]

SEOUL South Korea’s Kori No. 4 nuclear reactor was manually shut down after the water level in a collection tank rose due to a coolant leak, a spokesman at the reactor’s operator said on Tuesday. “We estimate the water level of the reactor’s collection tank increased after coolant was leaked,” said Lim Dae-hyun, the spokesman at Korea Hydro & Nuclear Power Co Ltd (KHNP) [KRHYDR.UL]. Lim added […]

WASHINGTON The Pentagon, facing accusations that a coalition air strike may have killed scores of civilians in the Iraqi city of Mosul, said on Monday it was not loosening its rules of engagement in the fight against Islamic State but that resources to investigate claims were limited. Eyewitnesses from Mosul and Iraqi officials have said last week’s strike on Islamic State targets may have collapsed homes where […]

By Mfuneko Toyana and Sujata Rao | JOHANNESBURG/LONDON JOHANNESBURG/LONDON South African President Jacob Zuma asked Finance Minister Pravin Gordhan on Monday to return home “immediately” from an investor roadshow abroad, reviving talk of a cabinet reshuffle and unnerving investors who see Gordhan as an emblem of stability. The rand fell more than 3 percent against the dollar, its biggest one day fall since Nov. 10, South African […]

March 27, 2017 by: Roger Blitz in London and Eric Platt and Robin Wigglesworth in New York Financial markets shuddered on Monday as investors absorbed the collapse of US healthcare reform last week, with some fearing pro-growth policies like tax reform could be stymied by government inaction and a Republican party in disarray. Global stocks retreated, US banks slid into correction and the dollar index fell to […]

MANILA The Philippines could tighten its money laundering law this year to cover casinos, its top lawmaker said on Monday, in a move aimed at plugging loopholes that allowed $81 million stolen from Bangladesh to pass through Manila gaming venues. The Senate aims to approve its version of the bill in May and it is likely the lower house of Congress would hold separate discussions on its […]

MANILA: The Philippines Monday (Mar 27) took delivery of two Japanese military surveillance aircraft to help it patrol vital sea lanes in the South China Sea, despite Manila’s increasingly conciliatory stance to Beijing’s claims over the disputed waters. Japan will lease a total of five surplus Beechcraft TC-90 planes to the Philippines, according to Manila’s defence secretary Delfin Lorenzana. Philippine military chief General Eduardo Ano said the […]

The recent report on Arctic sea ice levels underlines the grave impact of global warming on marine creatures that depend on the polar ice cap for survival. Rising temperatures in the far north give way to a rapidly reducing ice cover, and when the sea ice is threatened, so is the phytoplankton it sustains. Shrinking sea ice means the microscopic algae have less and less room to grow, and […]

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. So when President Trump raised the white flag on Obamacare Friday, did he pick up the phone and gave the exclusive to Breitbart, The Daily Caller or LifeZette? Nope. He called reporters at The Washington Post and The New York […]

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