Economy

US Fed keeps interest rates unchanged, to be patient on future hikes

US Fed keeps interest rates unchanged, to be patient on future hikes By removing references to further rate hikes, the central bank indicated that it's not going to move prematurely on raising interest rates. The S&P 500 was up 23.51 points, or 0.89 percent, at 2,663.51 and the Nasdaq Composite was up 91.50 points, or 1.30 percent, at 7,119.79. [Full Article...]

Maduro diehards vow to defend Venezuela leader 'tooth and nail'

Maduro diehards vow to defend Venezuela leader 'tooth and nail' Late Wednesday afternoon, President Donald Trump tweeted that he had spoken with Guaido that day to "congratulate him on his historic assumption of the presidency" and to reinforce "strong United States support for Venezuela's fight to regain its democracy". [Full Article...]

Weak iPhone sales drag down Apple's holiday earnings

Weak iPhone sales drag down Apple's holiday earnings It marked the first time in more than two years that Apple's quarterly revenue has dropped from the past year. Profit in the final quarter of past year was US$20 billion - a dip of less than 1 percent - on revenue of US$84.3 billion, even as money from iPhone sales was down 15 percent from the same period in 2017. [Full Article...]

Maduro: Trump out to kill me

Maduro: Trump out to kill me In an interview with the German daily Bild, he called on European Union countries to impose more sanctions on Maduro's government. "Although the consequences are not direct, but they eventually will affect us somewhere down the road", he stated. [Full Article...]

U.S. warns of 'serious consequences' after Venezuela moves against Guaido

U.S. warns of 'serious consequences' after Venezuela moves against Guaido Guaido's gambit has quickly divided world opinion; some like the United States are fully supporting the opposition leader as de jure president, while the European Union is calling for new elections within eight days, disregarding last year's presidential election which was boycotted by the opposition. [Full Article...]

Brexit vote on May's Plan B: Everything you need to know

Brexit vote on May's Plan B: Everything you need to know Urging MPs to "give me the mandate I need" to return to Brussels and demand that the withdrawal agreement be re-negotiated, she said: " The time has come for words to be matched by deeds...if you want Brexit you have to vote for Brexit". Senior Conservative lawmaker Graham Brady has put forward a proposal, known as an amendment, calling for the backstop to be removed and replaced with "alternativ... [Full Article...]

United States unseals indictments against China's Huawei and CFO Wanzhou

United States unseals indictments against China's Huawei and CFO Wanzhou Shortly afterwards, in a move widely seen as retaliation for Meng's arrest, Chinese authorities detained two Canadians, including a former diplomat, on security charges. "To the detriment of American ingenuity, Huawei continually disregarded the laws of the United States in the hopes of gaining an unfair economic advantage". [Full Article...]

Give first round to Pelosi over Trump in shutdown skirmish

Give first round to Pelosi over Trump in shutdown skirmish Federal workers as varied as museum employees and US Coast Guard sailors were left without salaries. Although Beltway pundits note that Trump now finds himself in a more weakened political position than a month ago, the president could still exercise the highly-controversial move of using executive emergency powers to construct his wall. [Full Article...]

Twitter Pummels Trump for Reveling in BuzzFeed, HuffPo Layoffs: ‘Disgusting’

Twitter Pummels Trump for Reveling in BuzzFeed, HuffPo Layoffs: ‘Disgusting’ Verizon also said it is cutting about 800 jobs in its media division, which includes Yahoo and HuffPost . BuzzFeed News has published impactful political reporting over the past year but has been a drag on the company's finances. [Full Article...]

USA orders non-emergency embassy staff to leave Venezuela

USA orders non-emergency embassy staff to leave Venezuela Marcelo Perez Del Carpio/Getty ImagesVenezuelans gather for a mass rally against Nicolas Maduro in Caracas, Venezuela on January 23, 2019. Senior administration officials, including Pence, Bolton and White House Latin America adviser Mauricio Claver-Carone, made a flurry of calls to Latin American leaders ahead of Guaido's announcement to ensure that many of them would join Trump in recogniz... [Full Article...]

Flights delayed at major United States airports due to traffic controller shortage

Flights delayed at major United States airports due to traffic controller shortage Philadelphia International Airport had reported departure delays of 1 hour and 14 minutes, but those have dropped back to normal operations by 11 a.m. Lawmakers in the United States may have reached a short-term deal to re-open the government, but Canadians heading south of the border are still feeling the effects of the government shutdown , as flights are being delayed or cancelled because of... [Full Article...]

Venezuelan leader Juan Guaido claims presidency, recognised by US

Venezuelan leader Juan Guaido claims presidency, recognised by US The Trump administration said Maduro's order isn't legal because the U.S.no longer recognizes him as Venezuela's legitimate leader. "We consider the attempt to usurp sovereign authority in Venezuela to contradict and violate the basis and principles of worldwide law", Kremlin spokesman Dmitry Peskov said Thursday. [Full Article...]

Federal workers caught in the middle apply for unemployment

Federal workers caught in the middle apply for unemployment For those weighing whether or not to apply for unemployment, here's what to know. The Unemployment Compensation for Federal Employees program, which provides unemployment benefits for former federal employees, is administered by the state in which the federal employee worked. [Full Article...]

Labour willing to have 'intelligent' Brexit conversation with PM - Watson

Labour willing to have 'intelligent' Brexit conversation with PM - Watson The drubbing was followed by a no-confidence vote demanded by the opposition. May is due to publish her revived Brexit blueprint on Monday, before British lawmakers debate it - and doubtless try to alter it - on January 29. Romanian leaders have sought to reassure the estimated half a million Romanians living in Britain that they will not be left in the lurch - but have not provided specific... [Full Article...]

Trudeau says China moves should worry countries

Trudeau says China moves should worry countries The shift by the national market leaders, both partly state owned, followed Huawei's exclusion on national security grounds by some USA allies, led by Australia , from building their fifth-generation (5G) mobile networks. "The prime minister calling the (Chinese) president is essentially the last arrow in our quiver", McCallum said after testifying behind closed doors to the standing committee ... [Full Article...]

Taiwan stages live-fire military exercises after China threats

Taiwan stages live-fire military exercises after China threats The report released Tuesday by the Defense Intelligence Agency said China saw a almost threefold increase in defense spending from 2002 to 2018. "China shifted funds and efforts to acquiring technology by any means available". It also mentions how China has "closed numerous gaps in key warfare areas" in recent years, through building or acquiring advanced platforms such as submarines, missile p... [Full Article...]

How Europe reacted to Brexit deal defeat

How Europe reacted to Brexit deal defeat May said an election "would deepen division when we need unity, it would bring chaos when we need certainty, and it would bring delay when we need to move forward". Opening the debate earlier in the day, Mr Corbyn said: 'If a government can not get its legislation through Parliament it must go to the country for a new mandate, and that must apply when it is on the key issue of the day'. [Full Article...]

Airports and TSA are COOKED thanks to the government shutdown

Airports and TSA are COOKED thanks to the government shutdown Airport officials did not immediately respond to requests for comment. Tampa International Airport marked the 24th day of the longest government shutdown in USA history Monday by starting its food bank for federal employees, according to a report by WFTS , an ABC news affiliated station. [Full Article...]

Pound swings wildly after May's Brexit deal defeated

Pound swings wildly after May's Brexit deal defeated Hilary Benn, a Labour lawmaker and chairman of the Brexit Committee, on Tuesday withdrew an amendment he proposed a year ago which had been created to show a Parliamentary majority against a no-deal divorce. Corbyn will face intense pressure from many Labour lawmakers and grassroots activists to back a second referendum as the only way to break the impasse if he fails to force an election. [Full Article...]

China Imported Record Gas in December

China Imported Record Gas in December President Donald Trump and his economic advisers focus on trade deficits when it comes to China , and Mr. Trump has said a trade war would be "easy to win". The higher tariffs China levied on U.S. supplies also hit the country's overall import growth. But China's 25 percent tariff on US cargoes remains in place. [Full Article...]


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