Hundreds of supporters of Russian opposition leader Alexei Navalny began a nationwide day of protest against the authorities on Sunday, calling on voters to boycott what they said was a rigged presidential election on March 18. Beneath bright blue skies, hundreds of young people gathered in the main square of the port of Vladivostok in […]
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Russian police reportedly force their way into opposition leader Navalny's office
Russian police forced their way into the Moscow office of opposition leader Alexei Navalny on Sunday and started questioning people, images broadcast online by Navalny’s supporters showed. Roman Rubanov, a Navalny supporter, wrote on social media that the police said they were looking into reports that there was a bomb in the office, something he […]
Read morePresident Donald Trump will deliver his first State of the Union address on Tuesday, marking the end to a turbulent first year of his presidency, but one that has seen U.S. markets ascend to new heights. The theme of Trump’s address will be “building a safe, strong and proud America,” a senior administration official told […]
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Saudi Arabia set to announce major contracts for new cross-country railway
The transport minister of Saudi Arabia said Friday that opportunities are coming up for international investment in the country’s rail infrastructure. “We have long-term public/private partnership (PPP) concessions that are in play. We are looking at restructuring some of our airports as well, allowing them to be privatized and then the big one is railroading” […]
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THE “Miracle on the Hudson”—the successful ditching of a US Airways jetliner into New York’s Hudson River in 2009 after it hit a flock of geese—taught frequent flyers two things. First, it really is possible to land an aircraft on water, just as is shown on seat-back safety cards. Second, and more worryingly, the incident […]
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The Bank of Japan's governor says inflation is finally close to target
Japan’s central bank governor said Friday that the country’s economy is finally close to its target inflation rate of around 2 percent. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Haruhiko Kuroda said growth in the country is now recognized as the second biggest boom in the post-World War II era. Japan’s unemployment […]
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Nobel Prize-winning economist Robert Shiller thinks bitcoin is an ‘interesting experiment’
Bitcoin has “gone viral as a currency” and its price instability is a concern, economist Robert Shiller said Thursday. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Shiller compared the cryptocurrency to other attempts to “change” currency. Referring to concepts like the Unidad de Fomento — a Chilean unit of account that is […]
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“Even without testosterone, we can produce positive, constructive energy,” the Managing Director of the International Monetary Fund Christine Lagarde said in Davos. Lagarde was one of seven female co-chairs at this year’s forum, drawing attention for women’s rights, including equality in the workplace. Source: cnbc Who said what at Davos 2018
Read moreTreasury Secretary Steven Mnuchin, under fire for comments he made earlier this week seemingly advocating a weak dollar, told CNBC on Friday the U.S. has a long-term interest in a strong greenback. The dollar earlier had hit a three-week low on comments Mnuchin made Wednesday that the soft greenback would be better for the United […]
Read moreU.S. economic growth unexpectedly slowed in the fourth quarter as the strongest pace of consumer spending in three years resulted in a surge in imports. Gross domestic product increased at a 2.6 percent annual rate also held back by a modest pace of inventory accumulation, the Commerce Department said in its advance fourth-quarter GDP report […]
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