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Photo The Crewe Alexandra sports academy. Barry Bennell, a former youth soccer coach who has been accused of molesting young players, once worked for the Crewe club. Credit Phil Noble/Reuters England’s Football Association, which remained largely silent for almost two weeks as former players came forward with accusations of sexual abuse by coaches in the country’s soccer development system, announced Sunday that it was broadening an internal […]

In these volatile times, gold is more important than ever. Bonner & Partners’ Bill Bonner explains in this two-part series, the importance of ‘real money’ and why you need it now… Many years ago, before the invention of modern money or capitalism, people still had wealth – although limited. And they still had ways of keeping track of it. The principle of “fair trade” seems to be […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell over 1 percent on Monday, extending declines from last Friday as doubts re-emerged over the ability of major producers to cut output at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures LCOc1 were trading at $46.40 per barrel at 0035 GMT (7.35 a.m. ET), down 84 cents, or 1.8 percent, from their […]

Saudi Arabia’s energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene in it. Any intervention will aim to expedite the balancing process, Falih told reporters at the headquarters of national oil giant Saudi Aramco. Under a preliminary agreement reached in September in Algeria, the Organisation of the Petroleum Exporting Countries would reduce […]

OPEC is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to curb output. The Organization of Petroleum Exporting Countries will meet on Wednesday in Vienna to try finalize the terms of its first production decrease in eight years. Yet the group remains divided about […]

By Tom Westbrook | SYDNEY SYDNEY The ability of Australian telecoms company Telstra Corporation (TLS.AX) to offset the fall in its traditional revenue streams by diversifying into a range of technology and other businesses is in doubt. So far, Telstra’s funding of 44 startups since 2013, the A$235 million ($175 million) spent acquiring 18 health-related companies, the purchase of more than 30 companies by its venture-capital division, […]

Our round-up of the week’s best comment and analysis from the Financial Times focuses on how infrastructure and fiscal policy shake-ups will play out for investors in the light of the current “Trumpflation” market rallies. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Infrastructure spending is the new zeitgeist of our age but we should have […]

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Today we learn of yet another campus full of disaffected Hillary snowflakes who were triggered by a post-it note suggesting that they should stop whining about the election and just “suck it up, pussies.”  This latest example comes to us from Edgewood College in the ultra-liberal bastion of Madison, Wisconsin via Campus Reform. Apparently the simple post-it note was determined to be a “hate crime” by the […]

Riyadh, Saudi Arabia, 27 November 2016 Saudi Hollandi Bank, announced today that it has rebranded to Alawwal Bank. The name change marks the start of a transformation that will see the bank build on its reputation for innovation and service excellence. The new branding highlights the bank’s commitment to supporting the growth of the country’s economy while meeting the demands of its existing customers and a new […]

BEIJING China will increase protection for property rights, including stepping up oversight of the management of state-owned assets, the Xinhua news agency reported on Sunday, citing guidelines issued by the State Council, China’s cabinet. New rules and policies are designed to “increase people’s confidence in the safety of assets, improve social trust, create positive expectations, and promote the drive for innovation among all economic actors”, Xinhua said. […]

Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]

By Ian Simpson and Roberta Rampton | WASHINGTON/WEST PAlM BEACH, Fla. WASHINGTON/WEST PAlM BEACH, Fla. Democrat Hillary Clinton’s campaign will take part in a recount of Wisconsin votes in the U.S. presidential race, an effort Republican winner Donald Trump called “ridiculous” on Saturday. Wisconsin’s election board on Friday approved the recount requested by Green Party candidate Jill Stein. She has said she wants to guarantee the integrity […]

Submitted by Charles Hugh-Smith via OfTwoMinds blog, Don’t you think it fair and reasonable that anyone accusing me of being a shill for Russian propaganda ought to read my ten books in their entirety and identify the sections that support their slanderous accusation? I was amused to find my site listed on the now-infamous list of purportedly Russian-controlled propaganda sites cited by The Washington Post. I find […]

WEST PALM BEACH, Fla. U.S. President-elect Donald Trump on Saturday called a request for a recount of votes in Wisconsin a “scam” by the Green Party and said even his Democratic challenger Hillary Clinton had said the election results should be accepted. “This is a scam by the Green Party for an election that has already been conceded, and the results of this election should be respected instead […]

By Terray Sylvester | CANNON BALL, N.D. CANNON BALL, N.D. Activists protesting plans to run an oil pipeline beneath a lake near the Standing Rock Sioux reservation in North Dakota said on Saturday they have no intention of leaving a protest camp after U.S. authorities warned it must be vacated by Dec. 5. The U.S. Army Corps of Engineers, which manages the federal land where the main […]

AMSTERDAM Royal Dutch Shell expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing concerns that production limits in the wake of the Paris climate accord could hit the energy giant’s valuation. In an interview with Dutch newspaper Het Financieele Dagblad, Ben van Beurden said the issue of “stranded” reserves – deposits in the ground that cannot be […]

KUWAIT CITY: Kuwaitis turned out in large numbers Saturday for the first election contested by the opposition in nearly four years amid fresh disputes over cuts in subsidies due to falling oil revenues.Turnout was high with some polling stations reporting that 80 percent of eligible voters had cast their ballots by the time polls closed at 8 p.m. (1700 GMT), according to Kuwait Television. Vote counting started […]

The Irish prime minister has said it will be “impossible” to agree Brexit within two years, in the strongest rejection so far of the UK’s negotiating timetable by an EU leader. Enda Kenny, who is seen as one of Britain’s allies in the process, said “there’s a growing feeling in Europe that there should be a transition period, and that the transition period will be longer than […]

A federal appeals court Monday held that a black man on death row should get a new sentencing because of comments made by the lead prosecutor that were “poorly disguised appeals to racial prejudice.” The ruling by the Fourth U.S. Circuit Court of Appeals in Richmond affirmed a lower-court decision, which found that the man’s […] (via WSJ)

Every presidential election brings with it a renewed debate on taxes: should tax rates be increased or decreased (which in turn forces economists to break out their textbooks to brush up on their Laffer curve definitions)? Traditionally, the question eventually boils down to one thing: what should the tax treatment of the “rich” be: should the wealthy pay more or less in taxes? Why the particular focus […]

Pokémon GO fans will probably have a delightful Christmas as rumors point to a massive update happening in December. This could include the previously announced plan to allow card trading among players. What is even more awesome is how the new update could reportedly unleash more than 100 new normal and legendary Pokémon. More Than Just A Pokémon GO Rumor Certainly, the details of the December update can […]

Kuwaitis voted on Saturday in an election energised by the participation of opposition candidates for the first time since 2012 and focused on recent government austerity measures aimed at tackling the oil-rich nation’s deficit. The parliament of Western-allied Kuwait was due to run until July 2017, but the emir, Sheikh Sabah al-Ahmad al-Sabah, dissolved it in October, saying “security challenges” in the region – an apparent reference […]

As mourners carried the coffin of a slain Hezbollah commander, they moved quickly to wipe away blood still dripping from his body — it had been washed in haste as it was rushed from the battlefields of Aleppo to its final resting place in Lebanon. While Russian war planes and bombs have dominated headlines about outside intervention in Syria’s five-year conflict, thousands of those fighting on the […]

By Doina Chiacu and Emily Stephenson | WASHINGTON WASHINGTON Republican presidential front-runner Donald Trump said on Wednesday that women who end pregnancies should face punishment if the United States bans abortion, triggering a torrent of criticism from both sides of the abortion debate, including from his White House rivals. After MSNBC broadcast a clip of an interview with Trump, the billionaire businessman rowed back his remarks, first […]

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