News: Economy

  • Joe Biden: 'No one in my family will have an office in the White House' or be 'a cabinet member' if I'm president
    October 13, 2019

    Joe Biden: 'No one in my family will have an office in the White House' or be 'a cabinet member' if I'm presidentJoe Biden's visit to Iowa came the same day his son, Hunter, announced he would step down from the board of a Chinese company.


  • Police: No evidence of shooting after Florida mall lockdown
    October 13, 2019

    Police: No evidence of shooting after Florida mall lockdownReports of possible shots at an upscale Florida mall sent panicked people running and triggered a lockdown for several hours Sunday, but a SWAT team's search found no evidence of any shooting and police issued an all-clear after nightfall. One person was injured, apparently leaving the mall in Boca Raton, police said. Boca Raton Police Chief Dan Alexander said Sunday evening that authorities conducted a sweeping search but found no evidence to confirm the initial reports.


  • Millions told to evacuate as Super Typhoon Hagibis slams into Japan - throwing Rugby World Cup into chaos
    October 12, 2019

    Millions told to evacuate as Super Typhoon Hagibis slams into Japan - throwing Rugby World Cup into chaosAt least six million people were told to evacuate their homes as Super Typhoon Hagibis smashed into Japan on Saturday, triggering mudslides, flooding and the heaviest rain and winds in 60 years. Within hours of the typhoon making landfall at around 7pm local time (11am UK), at least two people were dead, nine were missing and more than 80 were injured, according to local media. Officials warned that the storm could be the most powerful to hit Japan since one of the worst typhoons on record devastated Tokyo and surrounding areas in 1958, killing more than 1,200 people. Even before the storm hit, there were reports of at least one??death, with a 50-year-old man killed when his car overturned in strong winds in Chiba Prefecture, an area just east of Tokyo still recovering from a strong typhoon which hit last month. Four others, including two children, were also injured by a tornado in the same area. One resident there??told NHK: ???When the winds suddenly hit, they blew the roof off my house. The noise was awful. One of my three children was injured but is now in a hospital.??? Even before the typhoon hit, strong winds brought havoc to areas such as Chiba, near Tokyo?? Credit: Katsuya Miyagawa/Kyodo News The typhoon had??been brewing over the Pacific Ocean with recorded winds of more than 145 mph. Authorities issued warnings that with gusts likely to exceed that figure, some houses were??at risk of being blown down.?? The Japan Meteorological Agency warned of as much as 30 inches of rain in the 24-hour period until midnight on Saturday.?? Television footage showed images of damage to roofs and walls of buildings in storm-hit spots across Japan. More than 16,000 homes, mainly along the Pacific coastline, were without electricity.?? Some residential areas along the coast in Shizuoka were also reported as being submerged up to around knee height in tidal surges. The approaching typhoon caused rivers to overflow in the area, with reports of at least one person swept away, and widespread landslide warnings also in place. Three people were missing in Gunma Prefecture after a landslide swept through six houses. The weather system passed directly over Tokyo, one of seven regions subject to the non-compulsory evacuation orders - and where a 5.7 magnitude earthquake hit just ahead of the typhoon's arrival.?? Around 17,000 Self-Defence Forces personnel were??on standby across the country for potential deployment on rescue operations. Even as the typhoon moved away from the capital late on Saturday, one expert warned of further flooding as several surrounding prefectures began releasing water from dams, letting it flow downstream. "The situation is now worse than this evening," Nobuyuki Tsuchiya, director of the??Japan??Riverfront Research Centre, told Reuters. About 1.5 million people in Tokyo live below sea level. Japan's national rugby team waded through floodwater to reach the pitch for practice, with a decision still to be made on Sunday's matches Credit: Japan Rugby Football Union/Reuters A study by the Japan Society of Civil Engineers in June 2018 concluded that a huge storm surge in Tokyo Bay could lead to 8,000 deaths and cause damage estimated at Y115 trillion (??84 billion).?? Much of the damage would be to infrastructure, such as underground railway lines, roads and bridges, as well as structures on vulnerable reclaimed land in the bay.?? A disaster simulation prepared by the Tokyo Metropolitan Government in 2018 suggested that more than 80 square miles of the city could be inundated in a worst-case scenario, accounting for one-third of the entire city. In low-lying areas, water levels could rise as high as 32 feet above mean sea level.?? The government???s estimations are based on data from Typhoon Muroto, which struck the city in September 1934, killing 3,066 people, injuring a further 13,000 and leaving 200,000 people homeless.?? Authorities in central Japan called on residents of coastal regions to evacuate to higher ground inland and alerts were sent out to mobile phones through messaging systems and are running on television and radio broadcasts.?? Train services in and around Tokyo were??cancelled throughout Saturday, along with long-distance bullet train services. Japanese airlines??grounded all domestic and international flights out of Narita and Haneda, the two airports that serve the capital, while theme parks and many shops closed their doors. There are fears for low-lying coastal areas, with residents warned they should move to higher ground inland Credit: Kyodo News/AP A number of companies, including car makers Toyota and Honda, have halted production.?? Saturday???s Rugby World Cup game between England and France in Yokohama has been??cancelled, along with the Italy-New Zealand clash in Toyota City.?? A decision is due to be made at midnight on games scheduled for Sunday, including the all-important Scotland-Japan game, which will decide which nation emerges from the group stages of the tournament. The looming super typhoon has also triggered a frenzy of last-minute buying, with store shelves emptied of bread, instant noodles, bottled water and other perishable foods. Stores in some areas have also reportedly run out of batteries and packing tape that is being put across windows to reduce the possibility of flying glass.?? Super Typhoon Hagibis - the Tagalog word for ???speed??? - is the second major storm to hit Japan in just over a month.?? Typhoon Faxai struck eastern Japan on September 9, killing three people, leaving more than 40 injured and leaving scenes of devastation in its wake. At the peak of the storm, more than 930,000 people were without power and it took two weeks for some areas to have electricity restored.


  • Brexit hangs in the balance as EU doubts a deal this week
    October 14, 2019

    Brexit hangs in the balance as EU doubts a deal this weekLONDON/BRUSSELS (Reuters) - A deal to smooth Britain's departure from the European Union hung in the balance on Monday after diplomats indicated the bloc wanted more concessions from Prime Minister Boris Johnson and said a full agreement was unlikely this week. EU politicians such as Irish Foreign Minister Simon Coveney said a deal was possible and that much more work was needed. After more than three years of Brexit crisis and tortuous negotiations that have claimed the scalps of two British prime ministers, Johnson will have to ratify any last-minute deal in parliament, which will sit in an extraordinary session on Saturday for the first time since the 1982 Falklands War.


  • BEHOLD: Is China's DF-26 Missile a Real Threat to U.S. Navy Aircraft Carriers?
    October 12, 2019

    BEHOLD: Is China's DF-26 Missile a Real Threat to U.S. Navy Aircraft Carriers?Will Beijing's strategy work?


  • Multiple arrests in Hong Kong as "flashmob" protests hit pro-Bejing targets
    October 13, 2019

    Multiple arrests in Hong Kong as "flashmob" protests hit pro-Bejing targetsRiot police clashed with anti-government protesters across Hong Kong Sunday as masked activists vandalised businesses deemed sympathetic to Beijing in another weekend of chaos in the financial hub. Local television networks also broadcast footage of a man beaten bloody by protesters after they found a baton in his bag and suspected him of being an undercover officer. During cat-and-mouse encounters on Sunday officers made dozens of arrests, but there were fewer protesters than have taken to the streets more recently during the four-month long protest movement.


  • Harry Dunn: US woman allegedly involved in crash does not have diplomatic immunity, says Foreign Office
    October 12, 2019

    Harry Dunn: US woman allegedly involved in crash does not have diplomatic immunity, says Foreign OfficeThe US diplomat???s wife allegedly involved in a crash which killed a teenager does not have diplomatic immunity, the Foreign Office has said.A letter, that appears to have been sent by foreign secretary Dominic Raab to Harry Dunn???s parents, Charlotte Charles and Tim Dunn, says: ???The question remains when such immunity comes to an end, regardless of any waiver.


  • Portland antifa activist killed in hit and run, police say
    October 13, 2019

    Portland antifa activist killed in hit and run, police sayCity???s antifascist group says death of Sean D Kealiher, 23, was not ???related to fascist activity??? and police did not specify a motiveThe Multnomah county medical examiner determined the cause of death to be homicide, caused by blunt force trauma. Photograph: Jonathan Bachman/ReutersA Portland antifascist activist was killed in the early hours of Saturday in an apparent hit-and-run near Cider Riot, a cidery and taproom popular with the city???s anarchist left that has been the scene of conflict with rightwing groups. According to the Portland Police Bureau, the car involved was fired upon and crashed into a nearby building. Its occupants fled the scene. Police said in a statement that the 23-year-old victim, Sean D Kealiher, was taken to a local hospital by associates. The Multnomah county medical examiner determined the cause of death to be homicide, caused by blunt force trauma. Police said homicide squad detectives would investigate and called on witnesses to come forward. Kealiher was a prominent participant in antifascist and anti-Trump protests in Portland, speaking and marching in opposition to events held by rightwing groups. His activities occasionally attracted the attention of rightwing bloggers and social media personalities. Rose City Antifa, the city???s longest-standing antifascist group, said in a tweet addressing Kealiher???s death that it ???was not related to fascist activity???. Police did not specify a motive. Portland mayor Ted Wheeler and the Oregon Democratic party, outside whose building the incident happened, expressed condolences on Twitter. Memorial tributes were laid at the site. Six men, including Patriot Prayer leader Joey Gibson, are awaiting trial on charges arising from a violent incident at Cider Riot on 1 May. In an affidavit in support of Gibson???s arrest warrant, police officer Brad Kalbaugh described the group approaching Cider Riot ???in an effort clearly designed to provoke a physical confrontation???. Multiple videos of that incident show punches, thrown drinks and pepper spray being exchanged. One of the men awaiting trial, Ian Kramer, is alleged to have struck a woman with a baton, fracturing her vertebra. More video appears to show members of the group planning violence ahead of the brawl. Gibson and the other men are charged with riot. Some face felony assault charges.Cider Riot???s owner, Abram Goldman-Armstrong, has commenced a $1m lawsuit against Gibson and several others. Goldman-Armstrong???s lawyer, Juan Chavez, says his client has been subject to ???homophobic and antisemitic??? harassment since the suit was filed.


  • U.S. Gets Final OK to Hit EU With $7.5 Billion Airbus Sanction
    October 14, 2019

    U.S. Gets Final OK to Hit EU With $7.5 Billion Airbus Sanction(Bloomberg) -- The World Trade Organization on Monday formally authorized the U.S. to impose tariffs on about $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus SE.Members approved this month???s arbitration award -- the largest in the trade organization???s history -- at a special meeting of the dispute settlement body at the WTO???s headquarters in Geneva. The development marks the final procedural hurdle before the U.S. can retaliate against European goods, which it plans to do on Oct. 18.The EU made a last-ditch appeal to the U.S. over the weekend to thwart the tariffs, seeking a negotiated settlement that would avoid the economic harm a tit-for-tat escalation would cause both parties. European Trade Commissioner Cecilia Malmstrom told her U.S. counterpart, Robert Lighthizer, that his tariff plan would compel the EU to apply countermeasures in a parallel lawsuit over aid the U.S. provided to Boeing Co.???I strongly believe that imposing additional tariffs in the two aircraft cases is not a solution,??? Malmstrom said in an Oct. 11 letter to Lighthizer seen by Bloomberg News. ???It would only inflict damage on businesses and put at risk jobs on both sides of the Atlantic, harm global trade and the broader aviation industry at a sensitive time.??????Short-Sighted???U.S. Ambassador to the WTO Dennis Shea said at Monday???s meeting in Geneva that the Trump administration???s preference is to ???find a negotiated outcome with the EU that ends all WTO-inconsistent subsidies,??? according to a copy of his remarks obtained by Bloomberg. Malmstrom said last month that the EU had reached out to the U.S. with a ???detailed proposal,??? but that the U.S. wasn???t willing to negotiate.The EU said that it would be ???short-sighted??? for the U.S. to impose retaliatory tariffs on European goods and urged the U.S. to find a ???fair and balanced solution??? to the dispute, according to a statement delivered by Paolo Garzotti, the EU???s deputy head of delegation to the WTO.???Both the EU and the US have been found at fault by the WTO dispute settlement system,??? Garzotti said. ???In the parallel Boeing case, the EU will in some months equally be granted right to impose additional countermeasures. The mutual imposition of countermeasures, however, would only harm global trade and the broader aviation industry.???The EU has already published a preliminary list of U.S. goods -- from ketchup to video-game consoles -- it will target in a $12 billion plan for retaliatory levies related to the Boeing case. The WTO will issue an arbitration award next year. The office of the U.S. Trade Representative previously said it would impose a 10% tariff on large civil aircraft from France, Germany, Spain and the U.K. The U.S. will also slap 25% levies on a range of other items including Irish and Scotch whiskeys, wine, olives and cheese, as well as certain pork products, butter and yogurt from various European nations.(Updates with U.S. comment in the fifth paragraph.)\--With assistance from Jonathan Stearns.To contact the reporter on this story: Bryce Baschuk in Geneva at bbaschuk2@bloomberg.netTo contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Richard Bravo, Chris ReiterFor more articles like this, please visit us at bloomberg.com??2019 Bloomberg L.P.


  • Girl scales replica of Trump???s 'un-climbable' border wall
    October 12, 2019

    Girl scales replica of Trump???s 'un-climbable' border wallAn 18-foot replica of President Trump???s border wall has been climbed in a matter of seconds by an 8-year-old girl and a man who returned for another attempt while juggling with one hand.


  • Hunter Biden will resign from board of Chinese firm, says he won't serve on foreign boards if Joe Biden elected president
    October 13, 2019

    Hunter Biden will resign from board of Chinese firm, says he won't serve on foreign boards if Joe Biden elected presidentIn a statement, Hunter Biden said he would resign from a Chinese company's board and pledged not to join boards if Joe Biden were elected president.


  • In or out? Court case on job bias casts pall on LGBT fests
    October 13, 2019

    In or out? Court case on job bias casts pall on LGBT festsNational Coming Out Day festivities were tempered this year by anxiety that some LGBT folk may have to go back into the closet so they can make a living, depending on what the Supreme Court decides about workplace discrimination law. "I want all members of our community to feel supported by the government, and often for a lot of us and a lot of friends of mine, it's the first time that they feel represented," said Jessica Goldberg, a bisexual senior at the University of Colorado Denver.


  • French national killed in Tunisia knife attack-Interior Ministry
    October 14, 2019

    French national killed in Tunisia knife attack-Interior MinistryAn attacker killed a French citizen and wounded a soldier with a knife in northern Tunisia on Monday, state media quoted the Interior Ministry as saying. Interior Ministry spokesman Khaled Hayouni was quoted on state news agency TAP as saying police knew the identity of the assailant, a 28-year-old man with a criminal record, but he did not suggest a motive for the killing. The attack took place in Jarzouna, a town connected by bridge to the port city of Bizerte, the day after Tunisia held a presidential election.


  • A Real Threat: Why Russia's Air Force Should Be Taken Seriously
    October 13, 2019

    A Real Threat: Why Russia's Air Force Should Be Taken SeriouslyAnd why countries love to buy them.


  • Jake Tapper Exposes Pompeo, Graham and Giuliani???s ???Stunning??? Hypocrisy
    October 13, 2019

    Jake Tapper Exposes Pompeo, Graham and Giuliani???s ???Stunning??? HypocrisyIt???s easy to forget just how different some of President Trump???s most loyal servants felt about oversight and impeachment when there were Democrats in the White House. On Sunday morning, CNN anchor Jake Tapper made sure his viewers remembered.??In the final moments of his State of the Union broadcast this week, Tapper said that the White House???s outright refusal to ???participate??? in the House impeachment inquiry means that the president is ???seemingly thumbing his nose at the very notion that the U.S. government was designed with three co-equal branches, specifically to offer checks and balances on each other.????????When President Obama was in the White House, the Republican-led House of Representatives conducted lots of oversight,??? Tapper continued, ???on the Fast and Furious scandal, on the Benghazi tragedy and more.??? He said that anyone who covered or followed the Benghazi saga ???may find it stunning to see Republican members of Congress trash-talking whistleblowers and inspectors general and trash-talking the oversight responsibilities of the House.????????After all, during the Obama years, in the trenches, pushing to conduct oversight were many of these same House Republicans,??? Tapper said, ???such as then Congressman Mike Pompeo from Kansas.??? After playing a clip of Pompeo extolling the constitutional necessity of oversight, Tapper added, ???Yes it is!??? In response to him saying it was ???unacceptable??? for the Obama administration to ignore subpoenas, Tapper said, ???It is unacceptable!??????One has to wonder what that congressman would make of the secretary of state, who has the same name, whose department is ordering State Department officials to ignore congressional subpoenas,??? Tapper said, before moving onto Sen. Lindsey Graham (R-SC), who also reportedly urged Donald Trump Jr. to do the same.That is a ???far cry,??? Tapper said, from what Graham had to say when he was tasked with prosecuting the impeachment case against Bill Clinton. ???The day that Richard Nixon failed to answer that subpoena is the day that he was subject to impeachment,??? Graham said at the time.?????Similarly, during the Clinton impeachment, Rudy Giuliani made it very clear where he stood on the matter of avoiding subpoenas,??? Tapper said, revealing another clip from 1998 of Trump???s personal lawyer telling Charlie Rose that ???the president is not above the law, is not able to avoid subpoenas.????????Now that Giuliani is enmeshed in the Ukraine scandal, however, Giuliani hasn???t even made it clear whether he is going to honor the congressional subpoena aimed at him,??? Tapper added. ???The arguments that Democratic presidents needed to comply with congressional oversight were correct. That???s how the system was set up.?????Tapper concluded, ???If you only apply constitutional standards to the other political party and not to your own, then those aren???t principles, they???re tactics.?????Rachel Maddow Predicts Senate GOP May Just Find Its ???Conscience??? and Impeach TrumpRead more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.


  • Attempts to split China risk 'smashed' bodies: Xi
    October 14, 2019

    Attempts to split China risk 'smashed' bodies: XiPresident Xi Jinping has warned that any attempts to split China would result in "bodies smashed and bones ground to powder", amid four months of anti-Beijing unrest in Hong Kong. Xi issued the dire message during a weekend visit to Nepal, according to a foreign ministry statement released on Sunday. "Anyone who attempts to split any region from China will perish, with their bodies smashed and bones ground to powder," Xi said, according to the ministry.


  • California becomes first US state to ban fur products
    October 13, 2019

    California becomes first US state to ban fur productsCalifornia has become the first US state to ban the sale and manufacture of new fur products.On Saturday, California???s governor Gavin Newsom signed a bill into law to prohibit residents from making or selling items such as clothing, shoes or handbags made of fur.


  • Hong Kong police say homemade bomb targeted officers
    October 14, 2019

    Hong Kong police say homemade bomb targeted officersA homemade, remote-controlled bomb intended to "kill or to harm" riot control officers was detonated as they deployed against renewed violence in Hong Kong over the weekend, police said Monday, in a further escalation of destructive street battles gripping the business hub. The "loud thud" Sunday night close to riot officers who had been clearing away a protester-built road block marked the first known use of an explosive device during protests that started in June over a contested extradition bill and have snowballed into an anti-government, anti-police and anti-China movement. "It exploded less than 2 meters (yards) away from a police vehicle.


  • German police investigate bitcoin transfer to synagogue killer
    October 13, 2019

    German police investigate bitcoin transfer to synagogue killerGerman police are investigating a bitcoin transfer made to the far-Right extremist behind??Wednesday???s terror attack in Halle to determine if the man possessed a broader support network. German media outlet Spiegel reports that a transfer of 0.1 bitcoin ??? approximately ???750 (??660) ??? was made to alleged attacker Stephan??Balliet in the lead up to the attack. Police said the transfer came from an unknown source. Balliet told police interrogators that he had received the money from someone whom he had communicated with on the internet, but that he did not know who they were. Questions were raised as to how Balliet, who had been unemployed for a significant period of time in the lead up to the attack, was able to fund the attack, including buying the materials for his home-made weapons. As reported by Spiegel, the man told investigators that the weapons were cheap to manufacture, primarily as he constructed them from basic raw materials. He told police he bought steel worth ???50, cartridge cases for ???25 and a telescope for ???20 to manufacture the weapons, which he based on designs released online by British pro-gun activist Philip Luty "The further investigations will deal in particular with the question of whether other persons were involved in the act or its preparation alongside Stephan Balliet", said a spokesman for the Federal Criminal Police Office. The 27-year-old Balliet was active in far-Right chatrooms, with police suspecting he was radicalised online. Balliet uploaded a manifesto outlining his motives, details of his weapons and indications as to the nature of his plans in the lead up to the attack.


  • USS Ford Will Set Sail With Only 2 Out of 11 Weapon Elevators
    October 12, 2019

    USS Ford Will Set Sail With Only 2 Out of 11 Weapon ElevatorsAfter years of work, the ship still isn't 100 percent fixed.


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