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US labour market bounces back
US labour market bounces back
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The US labour market bounced back in a big way in June, with companies adding far more jobs than expected in the latest sign that the economy has regained momentum after a lacklustre first-quarter.
Non-farm payrolls rose by a seasonally adjusted 287,000 last month. The number, which shattered Wall Street expectations of a 180,000 gain â should ease concerns about the strength of the…
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Time for a new model pension fund rescue
Time for a new model pension fund rescue
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Whether benefits or contributions are defined, it is vital to find a new model for retirement incomes
©Getty
Pensions. I may have lost half my readership with that one word. But if any financial issue could open even wider the worldâs ugly social fissures, it is pensions. An already dire situation has been rendered far worse by the bond marketâs drastic response to the UK referendum.
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Brexit contagion fears stalk Europe banks
Brexit contagion fears stalk Europe banks
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In the disaster movie rendition of the past two weeks, Brexit is a vicious man-made virus and UK financial markets are the town unlucky to host a lab with poor safety protocols. Roadblocks are in place, hospitals on high alert and a question hangs in the air: how far will contagion spread?
Government bondinvestors appear to have panicked, stockpiling safe securities. As the coupon on…
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Harsh realities of a weakened pound
Harsh realities of a weakened pound
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Since Britain voted to leave the EU in June’s referendum, sterling has taken a battering. Against the US dollar, the pound has fallen to a 30-year low, trading on Thursday at $1.29. This was 13 per cent lower than the $1.48 rate that prevailed before it became clear the Leave campaign would win.
Because Brexit has also hit the value of the euro, the composite value of sterling, weighted by…
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Texas delegates to lead rebellion at RNC
Texas delegates to lead rebellion at RNC
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Effort to deny Trump GOP nomination at RNC
MaryAnn Martinez, KHOU 7:28 AM. EST July 07, 2016
Republican Presidential candidate Donald Trump waves to the crowd after a campaign rally at the Sharonville Convention Center July 6, 2016, in Cincinnati, Ohio. (Photo: Custom)
A rebellion is underway in…
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Snipers kill five Dallas police during protest over black shootings
Snipers kill five Dallas police during protest over black shootings
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DALLAS Snipers operating from rooftops in Dallas killed five police officers and wounded six more in a coordinated attack during one of several protests across the country against the killing of two black men by police this week.
Police described Thursday night’s ambush as carefully planned and executed and had taken three people into custody before a fourth died from what Dallas-based…
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Jurgen Klopp: Liverpool manager signs six-year contract extension
Jurgen Klopp: Liverpool manager signs six-year contract extension
[ad_1] Liverpool finished eighth in the Premier League last season under Jurgen Klopp
Liverpool boss Jurgen Klopp has signed a new six-year deal, with the club’s owners saying it would have been “irresponsible” not to offer him a long-term contract.
Klopp joined Liverpool in October, initially agreeing a £15m deal to 2018 that has now been extended until 2022.
“His leadership will be…
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Police Shootings Highlight Unease Among Black Gun Owners
Police Shootings Highlight Unease Among Black Gun Owners
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Mr. Balogun said it floored him when he heard that a Minnesota police officer had fatally shot a black man who, according to a witness, had told the officer during a traffic stop that he was legally carrying a firearm.
âIt terrifies me,â Mr. Balogun, 32, said. âHere I am telling black people: âHey, bear arms legally. Youâll have a better opportunity to protect yourself. Maybe the…
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Nato reinforcements fail to quell unease
Nato reinforcements fail to quell unease
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Leopard 2 tanks of the Polish army, acquired from Germany, on Nato manoeuvres last year
Filled with armoured vehicles, soldiers posing for photographs and people waving US flags, the main square in Olsztyn could have been mistaken for one that had been recently liberated from military occupation.
With the Polish city part of Natoâs largest series of military exercises since the…
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Markets cautious ahead of US jobs data
Markets cautious ahead of US jobs data
[ad_1] ©Bloomberg
Friday 08:00 BST. Stocks are mixed and government bond prices are challenging record lows as investors remain cautious amid lingering Brexit concerns and ahead of US jobs data.
After a weak Asian-Pacific session, the pan-European Stoxx 600 index is down 0.1 per cent and Londonâs FTSE 100 is up just 0.1 per cent. US index futures suggest the S&P 500 will add 2 points to 2,100.
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Suspect in custody, 4 officers dead
Suspect in custody, 4 officers dead
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DALLAS — Dallas Police Chief David Brown has confirmed at least 11 police officers were shot and at least four were killed in an attack by two snipers in downtown Dallas at a protest of officer-involved shootings across the country on Thursday night.
The Dallas Police Department said in a statement around 11:30 p.m. a female suspect who was in a shootout with Dallas SWAT officers near the…
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Trump visits the Hill to mend fences with GOP — and brings his hammer Donald Trump came to Capitol Hill on Thursday to build and reinforce bridges with members of Congress less than two weeks before the Republican National Convention.
Harsh realities of a weakened pound
Harsh realities of a weakened pound
[ad_1] ©EPA
Since Britain voted to leave the EU in Juneâs referendum, sterling has taken a battering. Against the US dollar, the pound has fallen to a 30-year low, trading on Thursday at $1.29. This was 13 per cent lower than the $1.48 rate that prevailed before it became clear the Leave campaign would win.
Because Brexit has also hit the value of the euro, the composite value of sterling,…
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Islamic State claims triple suicide attack in Iraq
Islamic State claims triple suicide attack in Iraq
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By Reuters July 7 at 10:13 PM
TIKRIT, IRAQ â The Islamic State claimed a triple suicide attack on Thursday evening near a Shiite mausoleum north of Baghdad. It killed at least 35 people and wounded 60 others, according to Iraqi security sources.
The attack on the Mausoleum of Sayid Mohammed bin Ali al-Hadi reignited fears of an escalation of the sectarian strife between Iraqâs…
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Wanda eyes rival to Uefa Champions League
Wanda eyes rival to Uefa Champions League
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Real Madrid’s Luka Modric lifts the Champions League trophy in May after victory over city rivals Atletico Madrid
Chinaâs richest man is backing plans to launch a rival to the Uefa Champions League, pushing for European leagues and clubs to join a new competition that would redraw the power structure and finances at the top of the sport.
Dalian Wanda Group, the property and…
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Treasury made no plans for Brexit ©Getty Tom Scholar, centre, in 2004 with Gordon Brown, then chancellor, and Shailendra Anjaria of the IMF…
IRS probes Facebook’s Irish transfers
IRS probes Facebook’s Irish transfers
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US tax authorities are pursuing Facebook for information about the transfer of global assets to its Irish subsidiary, alleging the company’s accountants may have undervalued them by billions of dollars.
The US Internal Revenue Service wants to know more about how Facebookvalued the intangible property when it transferred it in 2010. The property includes its userbase outside the US and…
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