Photo An Egyptian street vendor in Cairo on Friday. The country is struggling with soaring inflation and shortages of staple foods. Credit Amr Nabil/Associated Press CAIRO — The International Monetary Fund approved a $12 billion loan for Egypt on Friday, in a move intended to stave off economic collapse in the Arab world’s most populous nation as it grapples with a plunging currency, soaring inflation and shortages […]
GAZA: Days after the 12th anniversary of the death of Yasser Arafat, Palestinian leaders descended into new recriminations over who may have been involved in the demise of the former president.Coming two weeks before a meeting that is expected to overhaul the leadership of Fatah, the party of Arafat and President Mahmoud Abbas, the accusations underscore a growing animosity that threatens the movement’s stability.Speaking at a memorial […]
Friday 19:30 GMT. US and European stocks gave back some of their post-US election gains, the dollar continued to rally and commodity prices were in retreat as participants looked back over a truly remarkable week for global markets. A rapid flight to safety followed the shock news that Donald Trump would be the next president of the US, with S&P 500 futures and Asian stock market indices […]
The post-election rally that has reshaped global financial markets cooled off Friday, at the end of a week in which investors quickly adjusted to a president-elect who has promised to step up government spending and slash business regulation. The S&P 500 dipped 0.1 per cent on Friday in New York, while the Eurofirst 300 fell 0.6 per cent, paring back this week’s gains. The rapid change in […]
MOSUL/BAGHDAD: Elite Iraqi forces were engaged in “intense” fighting with rebels in eastern Mosul on Saturday, an officer said, as civilians gathered on the city’s outskirts to flee. The special forces backed by US and Iraqi air power took control of two districts of eastern Mosul after heavy fighting in which they destroyed nine cars deployed by ISIS as suicide bombs, the military said.The military statement said […]
BEIRUT/MOSCOW/ANKARA: Backed by huge Russian support, the Syrian army captured the Dahiyet Assad district of western Aleppo on Saturday, reversing all the gains made by rebels two weeks into their counter-attack against government-held areas, a war monitor and rebel official said. In a related development, a flotilla of Russian warships is ready in the eastern Mediterranean off the Syrian coast after being sent to reinforce Russia’s military […]
Even as global markets churned in the wake of Donald Trump’s stunning election win, the US Federal Reserve appeared to be sticking to its guns on monetary policy on Friday as one of its top officials laid the ground for a second increase in short-term interest rates. Stanley Fischer, vice-chair of the Federal Reserve Board, said in a speech that the case for gradually removing some more […]
Americans are heading to the polls today in droves after weathering endless campaign ads designed to influence their votes — especially in presidential battleground states such as Florida, North Carolina, Pennsylvania and Ohio. Here’s what you need to know about the advertising assault: Team Clinton aired three times more ads than Team Trump More than 500,000 broadcast and national cable TV ads have aired in the presidential […]
In most of the high-profile swing states, the story was the same. In Ohio, Team Clinton was responsible for about 75 percent of the 79,000 TV ads aired in the race since mid-June, after the primaries had ended. In North Carolina, Team Clinton was likewise responsible for about three-quarters of the 63,000 presidential race TV ads since mid-June. And in Pennsylvania, Team Clinton was responsible for nearly […]
Health careCalifornia’s ballot measure to rein in drug prices aired about 13 percent of all state ballot measure ads, the most TV ads of any state ballot measure in the nation. Drugmakers poured millions into the campaign against Proposition 61, and their efforts seem to have paid off. Though the race hadn’t been called as of midday Wednesday, the opponents had 54 percent of the votes with 99 […]
Mass resignations follow any transfer of presidential power across party lines, but Trump’s ascension to power — built in part on his “Drain the Swamp” campaign slogan — seems certain to provoke an exodus by those who have attached themselves to the Obama administration’s big foreign policy goals. Among them: last year’s international global climate change agreement; the controversial U.N.-backed deal to obstruct Iran’s acquisition of a […]
GREENSBORO, United States Honda Motor Co (7267.T) expects to ramp up production of business jets as part of its plan to expand in the growing industry, the head of the Japanese automaker’s aircraft operations said in the United States. The firm hoped to produce 80 business jets annually by March 2019, from up to 36 currently, Honda Aircraft Company CEO Michimasa Fujino told reporters at its plant […]
It has been a tough year for music fans. We lost David Bowie and Prince, two musical icons who unquestionably justified the use of the term “genius” in their obituaries. Now Leonard Cohen, whose death at the age of 82 was announced on Thursday, can be added to the list. As recently as last month, the Canadian artist, poet, novelist and singer-songwriter was garnering rave reviews for […]
For Tom Lemming, a recruiting expert who has published Prep Football Magazine for nearly four decades, the ideal community for high school football “has got to be a town that doesn’t have a professional team, one that has a tradition for high school football, builds the kids up with youth leagues and youth programs — which towns in the South do much more than in the North.” […]
If you own the Sony Xperia X Performance smartphone — which hit U.S. shelves in July — you would be pleased to learn that the handset is now receiving a software update that fixes the niggling accelerometer issue. As promised, Sony has now pushed out a software update which resolves the accelerometer issue. Some handset owners were also facing issues with the responsiveness of the screen rotation functionality, the […]
Syrian forces supported by Russian air power beat back rebel gains around the embattled city of Aleppo on Saturday, tightening the siege on opposition-held areas where civilians are grappling with critically low supplies of food and medicine. Embattled Aleppo, divided between rebel control on the east and government control on the west, has become one of the most violent battlegrounds of the five-year civil war between President […]
By Sumanta Dey | BENGALURU BENGALURU After Donald Trump’s unexpected victory in the U.S. presidential election, investors may refocus in the coming week on the health of the world economy and any signs that years of rock-bottom interest rates and fiscal austerity are coming to an end. Trump’s victory poses a major challenge to the conventional wisdom on the global economy, which for years has relied on […]
By Sinead Carew | NEW YORK NEW YORK The U.S. banking sector’s dramatic rally post Election Day is likely just a taste of bigger gains to come, as investors expect banks to reap huge benefits from rising interest rates and lighter regulation under a Donald Trump presidency. In recent years, bank stocks have been held back by heavy regulation and historically low interest rates which have sapped […]
Donald Trump has appointed Mike Pence, his running mate, to head his transition team as he prepares to start naming people to fill top posts in his administration. Mr Trump also appointed four members of his family, including his daughter Ivanka and her husband Jared Kushner, along with the financiers Anthony Scaramucci and Steven Mnuchin. The team will also include Stephen Bannon, his campaign chief executive, Reince […]
Opponents of a Donald Trump presidency are fuelling a surge in donations to non-profit organisations and charities over fears that a Republican-controlled government will roll back progressive initiatives concerning the environment, immigrants, women and gay marriage rights. The Sierra Club, a 125-year-old environmental group, and the American Civil Liberties Union have reported record donation rates, while dozens of other groups have also issued new marketing campaigns to […]
By Heather Somerville | SAN FRANCISCO SAN FRANCISCO The fledgling drone industry is in the throes of change as weak consumer demand and falling prices drive startups to shift their focus to specialized business applications. 3D Robotics – an early drone startup that raised more than$125 million from investors – has seen its consumer business all but crash. This week, it unveiled a new commercial strategy, announcing […]
Iran, which has said it’s exempt from OPEC’s accord to cut production, told the group it raised output by the most since international sanctions were lifted. Iraq, unwilling to curb its supplies, reported a higher level than OPEC’s estimates. Freed from curbs on its oil trade in January, Iran said it increased output by 210,000 barrels a day to 3.92 million a day in October from the […]
By Tim Baysinger Twitter Inc (TWTR.N) said it was able to deliver more viewers than promised to advertisers on a U.S. election night livestream, good news for the microblogging site as it tries to ward off growing competition for ad dollars from Snapchat and Instagram. Twitter partnered with BuzzFeed to host an election night broadcast on Tuesday and attracted major advertisers, including Paramount Pictures, Amazon.com Inc’s (AMZN.O) […]
As he ran for India’s highest office, Prime Minister Narendra Modi wooed voters with a promise to crack down on those who had accumulated troves of “black money” — cash earned through illegal means or corruption, or simply never declared to tax authorities. Mr Modi made good on his pledge on Tuesday with a shock declaration that so-called “high value currency notes” — denominations of Rs500 and […]
