Good morning. Here’s our daily summary of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Fake news is not the sole province of slimeball digital practitioners in faraway lands enabled by the righteous souls at Facebook and Google. There’s also — as has ever been so — the government. “Police investigating a notorious gang in […]
By Michael Holden | LONDON LONDON The British government’s appeal against a legal ruling that it needs parliamentary approval to trigger the formal process of leaving the European Union is being heard in the country’s top court this week. Prime Minister Theresa May has announced that she will invoke “Article 50” of the EU’s Lisbon Treaty by the end of March and begin the formal Brexit negotiations […]
Shinzo Abe will make a historic visit to Pearl Harbor later this month where he will remember the dead of World War Two alongside outgoing US president Barack Obama. The visit will make Mr Abe the first sitting Japanese prime minister to visit Pearl Harbor since his country’s surprise attack on the Hawaiian port began the Pacific war 75 years ago. Following Mr Obama’s visit to the […]
ATHENS A Greek court ruled against the extradition to Turkey of three Turkish soldiers who fled to Greece after an abortive coup attempt against President Tayyip Erdogan in July, their lawyer and court officials said on Monday. Turkey said the soldiers, eight in total, were involved in a July 16 coup attempt, an allegation they have denied. “I am very pleased with the ruling, they shouldn’t have […]
By Kiyoshi Takenaka | TOKYO TOKYO Japanese Prime Minister Shinzo Abe will visit Pearl Harbor this month with U.S. President Barack Obama, becoming his country’s first leader to travel to the site of the Japanese attack 75 years ago that drew the United States into World War Two. “This will be a visit to console the souls of the victims,” Abe told reporters on Monday. “I would […]
Monday 14.40 GMT Overview Italy’s stock market and much of the country’s banking sector is back under pressure, as investors refine their response to the No vote in the country’s referendum on constitutional reform that led to the resignation of Prime Minister Matteo Renzi. The yield on the country’s benchmark sovereign debt yield remains higher as investors continue to sell Italian government bonds. Italy’s 10-year government debt […]
BRUSSELS Linking aid for countries in the Middle East and Africa to how they manage migration can create dangerous precedents, the top United Nations’ refugee official warned the European Union on Monday. Overwhelmed by the arrival of more than a million refugees and migrants in 2015, the EU has tightened its external borders and sought to strike deals with countries along the migration routes to contain the […]
In the United States, too, I found resistance to the idea that Brexit was a harbinger of a Trump victory. I was assured over and over by liberal friends that Trump would never be president. American voters were too sensible to fall for his hateful demagogy. Trump, I was told, was a product of peculiarly American strains of populism that flare up periodically, like the anti-immigrant nativism […]
Submitted by Michael Shedlock via MishTalk.com, Axel Weber, former head of Germany’s central bank says the ECB is going to halt QE soon and hike rates by September. Weber warns Markets Unprepared for Central Bank Shifts. Investors are dangerously unprepared for a sharp rise in eurozone bond yields when US interest rates march higher and European quantitative easing ends, Axel Weber, chairman of UBS and the former […]
By Se Young Lee and Hyunjoo Jin | SEOUL SEOUL The heads of nine of South Korea’s top conglomerates controlling revenue equivalent to half the country’s economy face an unprecedented televised grilling by lawmakers on Tuesday, as the glare from a widening political scandal falls on Korea Inc. A parliamentary panel is investigating whether the so-called chaebol, which include the heavyweight Samsung and Hyundai Motor Groups, were […]
A new battle is breaking out among the titans of cloud computing, as competition in the fast-growing sector shifts to a fresh arena: artificial intelligence. Amazon is the latest tech company to join the fray, boosting its focus on artificial intelligence at a time when Amazon Web Services, its cloud computing division, is locked in competition with Microsoft and Google. AWS, which sells computing and data storage […]
U.S. President-elect Donald Trump on Monday nominated Dr. Ben Carson to serve as secretary of the Department of Housing and Urban Development (HUD). “I am honored to accept the opportunity to serve our country in the Trump administration,” Carson said in a statement. (Reporting by Subrat Patnaik in Bengaluru; Editing by Anil D’Silva) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var […]
Frank Land and Dame Stephanie Shirley unveil a plaque to mark the site of the world’s first business computer, installed 65 years ago. Photo: LEO Computers Society A plaque has been installed in Hammersmith, west London, where Lyons, the tea-shop company, ran the world’s first electronic business computer 65 years ago. Nothing remains of Cadby Hall, the two-acre site where Lyons had its head office, several bakeries, […]
BEIJING Iran’s nuclear deal with six major powers should continue regardless of changes in the internal situation of participant nations, China’s Foreign Minister Wang Yi told Iran’s visiting foreign minister during a meeting in Beijing on Monday. The future of the deal to curb Iran’s nuclear programme has been thrown into jeopardy with U.S. President-elect Donald Trump set to take office next month. During his election campaign […]
This is the first of a series on the global rise of exchange traded funds The supposed death of the stock picker has become one of the dominant narratives of post-crisis finance. As trillions of dollars have rushed into low maintenance, index-based products facilitated by exchange traded funds, it has become common place to hear traditional fund managers and analysts complain that this wall of cash is […]
Dubai Airports has rolled out an upgraded Wi-Fi service across both Dubai International and Dubai World Central airports that allows passengers to access unlimited free high-speed. The airports authority said the new service was launched after extensive research into passenger expectations. Dubai Airports said access to the Wi-Fi has also been made simpler with only one click required on the landing page to connect to the service. […]
By Jack Kim and Ju-min Park | SEOUL SEOUL Besides South Korean President Park Geun-hye, the biggest casualty of the country’s mushrooming political corruption scandal may be the presidential aspirations of United Nations Secretary-General Ban Ki-moon. Although he has not declared his candidacy, Ban was until a month ago the front-runner in opinion polls to win the election scheduled for Dec. 20, 2017, a race he was […]
Photo Secretary of State John Kerry with Prime Minister Benjamin Netanyahu of Israel in New York in September. At the Saban Forum in Washington on Sunday, Mr. Kerry called the building of Israeli settlements an obstacle to peace with the Palestinians. Credit Darren Ornitz/Reuters Secretary of State John Kerry on Sunday accused right-wing Israelis of deliberately thwarting efforts to broker a peace deal with the Palestinians. In […]
GENEVA The United Nations needs a record $22.2 billion to cover humanitarian relief projects next year, covering the needs of 93 million people in 33 countries, U.N. humanitarian chief Stephen O’Brien said on Monday. “This is a reflection of a state of humanitarian need in the world not witnessed since the Second World War,” he told a news conference, adding that 80 percent of the needs stemmed […]
Dinner in the Sky is coming to Dubai. Arguably the world’s most unique dining concept, Dinner in the Sky takes guests 50 metres up, suspended by a crane, to enjoy a meal. The gravity-defying dinner will be offered for a limited time during the festive season, with the crane to be set within the Habtoor Grand Resort, Autograph Collection in Dubai. During these dinners, a small group […]
Shares in Italian banks opened sharply lower Monday morning after voters rejected the country’s constitutional reform referendum, with investors questioning whether some of Italy’s largest financial institutions will now be able to raise capital needed to shore up their finances. Milan’s stock market benchmark, the FTSE Mib, was down 1.4 per cent to 16,857.0 in opening trading, led lower by its banks after Matteo Renzi, Italy’s prime […]
By Idrees Ali | ABOARD A US MILITARY AIRCRAFT ABOARD A US MILITARY AIRCRAFT While the fight to retake the Iraqi city of Mosul from Islamic State is going to be difficult, it is “possible” it could be complete before President-elect Donald Trump takes office, U.S. Defense Secretary Ash Carter said on Monday. Some 100,000 Iraqi government troops, Kurdish security forces and mainly Shi’ite militiamen are participating […]
Submitted by Michael Shedlock via MishTalk.com, On the same day Matteo Renzi suffered a crushing defeat at the hands of alleged “populists” in Italy, German finance minister Wolfgang Schäuble ruled out debt relief for Greece ahead of a eurozone finance minister meeting. Schäuble says Greece Must Reform or Leave Eurozone. Greece must implement economic reforms if it is to keep its place in the eurozone, Germany’s finance […]
PARIS Socialist French Prime Minister Manuel Valls is to announce later on Monday that he will run for president in next year’s election, Agence France-Presse and French television reported. Valls’ office issued a statement that he would make a declaration at 1730 GMT at the town hall in Evry, just south of Paris, but it gave no further details. His expected announcement follows a primary ballot in […]
