Donald Trump has made his first picks for his incoming team. The president-elect has named Reince Priebus, chairman of the Republican National Committee (RNC), as his chief of staff. In this role, Reince Priebus, 44, will set the tone for the new White House and act as a conduit to Congress and the government. Stephen… Continue reading Donald Trump Gives Key Roles to Reince Priebus and Stephen Bannon
Category: Business
Moldova Elections 2016: Pro-Russia Igor Dodon Wins Presidency
Pro-Moscow candidate Igor Dodon has won the second round of Moldova’s presidential election. With almost all the ballots counted, Igor Dodon, who wants to restore close ties with Russia, had 52.37% of the vote, while pro-European candidate Maia Sandu, polled 47.63%. The national vote marks the first direct presidential election in Moldova since 1996. Since… Continue reading Moldova Elections 2016: Pro-Russia Igor Dodon Wins Presidency
Donald Trump to Deport Up to 3 Million Illegal Immigrants
In his first extensive post-election interview on 60 Minutes that will be aired on November 13 at 7 p.m. ET/PT, President-elect Donald Trump has said he will deport or jail up to three million illegal immigrants initially. Those targeted would be immigrants with criminal records, such as gang members and drug dealers, Donald Trump said.… Continue reading Donald Trump to Deport Up to 3 Million Illegal Immigrants
Choi Soon-sil Scandal: South Korean President Park Geun-hye to Be Questioned by Prosecutors
South Korean President Park Geun-hye will be questioned over allegations of political corruption in a scandal that has engulfed her presidency. According to officials, this will be the first time a sitting president has been questioned by prosecutors. Park Geun-hye is accused of allowing her friend Choi Soon-sil to manipulate power from behind the scenes.… Continue reading Choi Soon-sil Scandal: South Korean President Park Geun-hye to Be Questioned by Prosecutors
Singles Day 2016: Alibaba Announces Record $18BN Sales
Alibaba has announced record sales record its annual Singles Day event. The e-commerce giant said sales this year had reached 121 billion yuan ($18 billion), a rise of 32% on 2015 sales which were worth $14.3 billion. However, some have questioned the accuracy of the numbers, amid claims of inflated sales data at Chinese online… Continue reading Singles Day 2016: Alibaba Announces Record $18BN Sales
Hillary Clinton Blames Election Loss on FBI Director James Comey
Democratic candidate Hillary Clinton has blamed her surprise election loss on interventions by the FBI director, James Comey. James Comey had revived the inquiry into her use of email while secretary of state shortly before Election Day had stopped her campaign’s momentum, Hillary Clinton said. She was speaking to top party donors in a phone… Continue reading Hillary Clinton Blames Election Loss on FBI Director James Comey
Donald Trump Pledges to Keep Key Parts of ObamaCare
Donald Trump has said he is open to keep key parts of President Barack Obama’s healthcare bill, the ObamaCare. The president-elect, who has pledged to repeal the 2010 law, said he will keep the ban on insurers denying coverage for pre-existing conditions. Donald Trump told the Wall Street Journal that he also favored allowing young… Continue reading Donald Trump Pledges to Keep Key Parts of ObamaCare
Staying Out of the Red: Potential Solutions to Personal Finance Shocks
When your personal financial situation sustains a shock, it can be difficult to get your head around it. How do you pick yourself up and get back to normal? It’s certainly not easy to do that. But it does have to be done. Staying out of the red is a tricky task, but it’s a… Continue reading Staying Out of the Red: Potential Solutions to Personal Finance Shocks
Singles Day 2016: Chinese to Spend $20BN In World’s Biggest Shopping Event
Alibaba looks set to smash the sales record for its annual Singles Day event. About 12 hours into the event, sales had reached 82.4 billion yuan ($12.1 billion), the e-commerce giant said. Last year’s record was $14.3 billion. However, some have questioned the accuracy of the numbers, amid claims of inflated sales data at online… Continue reading Singles Day 2016: Chinese to Spend $20BN In World’s Biggest Shopping Event
NAFTA: Mexico Willing to Discuss Trade Deal with President-Elect Donald Trump
Mexican government says it is willing to discuss the North American Free Trade Agreement (NAFTA) with President-elect Donald Trump. The NAFTA came into effect between the US, Canada and Mexico in 1994 when Bill Clinton was president. The pact created one of the world’s largest free trade zones by reducing or eliminating tariffs on most… Continue reading NAFTA: Mexico Willing to Discuss Trade Deal with President-Elect Donald Trump
Donald Trump: “It Was A Great Honor to Meet President Obama for Transition Talks”
Donald Trump has said it was a “great honor” to meet President Barack Obama for transition talks at the White House. President Obama said he was “encouraged” by their “excellent” and “wide-ranging” conversation, lasting over an hour. During the election campaign, Donald Trump vowed to dismantle Barack Obama’s legacy and he has previously questioned his… Continue reading Donald Trump: “It Was A Great Honor to Meet President Obama for Transition Talks”
President-Elect Donald Trump Meets President Barack Obama at White House
President-elect Donald Trump meets President Barack Obama at the White House for what could prove to be awkward transition talks. Donald Trump has questioned Barack Obama’s US citizenship and vowed to dismantle his legacy. During the campaign President Obama called Donald Trump “uniquely unqualified”, but now says he is “rooting” for him after his shock… Continue reading President-Elect Donald Trump Meets President Barack Obama at White House
President Donald Trump’s Cabinet In-Waiting
In his victory speech, President-elect Donald Trump praised some loyalists widely viewed as his cabinet-in-waiting. Donald Trump’s aides had already circulated names of contenders in the final days of the White House race. Here are some of the possible executive branch appointments being touted for Team Trump in the city of revolving doors. Reince Priebus… Continue reading President Donald Trump’s Cabinet In-Waiting
Indians Queue Outside Banks to Exchange 500 and 1,000 Rupee Notes
Indians have queued up outside banks across the country to exchange 500 and 1,000 rupee notes after they were withdrawn as part of anti-corruption measures. People will be able to exchange their old notes, which stopped being legal tender at midnight on November 8, for new ones at banks until December 30. The surprise move… Continue reading Indians Queue Outside Banks to Exchange 500 and 1,000 Rupee Notes
Election Results 2016: Anti-Trump Protests Erupt In Major Cities
Thousands of people have taken to the streets of several cities to protest against the election of Donald Trump. Many of them shouted the slogan “Not my president”. Others burned orange-haired effigies of the businessman. Donald Trump will become the 45th president after securing a surprise victory over Hillary Clinton. The president-elect is due to… Continue reading Election Results 2016: Anti-Trump Protests Erupt In Major Cities
Hillary Clinton’s Concession Speech: “Donald Trump Must Be Given A Chance to Lead”
In her concession speech, Hillary Clinton said President-elect Donald Trump must be given a chance to lead. Appearing in public for the first time since conceding defeat, Hillary Clinton said she hoped Donald Trump would be a successful president for all Americans. “We have seen that our nation is more deeply divided than we thought,”… Continue reading Hillary Clinton’s Concession Speech: “Donald Trump Must Be Given A Chance to Lead”
Election Results 2016: European Markets Take Stock After Initial Falls
European markets are taking stock after sharp initial falls following Donald Trump’s victory in US presidential election. The UK’s FTSE 100 index fell 2% at the start of trading before paring back some losses to trade 0.7% lower at midday. Other major European stock markets also fell, with money flowing into safe haven stocks, gold… Continue reading Election Results 2016: European Markets Take Stock After Initial Falls
US Elections 2016: Republicans Keep Their Hold over Congress
Republicans have kept their hold over Congress, capping a dire night for the Democrats. With Donald Trump elected as the 45th US president, the GOP retained its majorities in the House and Senate. Republican dominance over Congress in principle enables Donald Trump to turn his policy plans into law. However, how easily this will happen… Continue reading US Elections 2016: Republicans Keep Their Hold over Congress
India: ATMs Run Dry After Rupee Withdrawal Shock
According to Indian Finance Minister Arun Jaitley, “honest people” have no need to worry about a decision to withdraw 1,000 and 500 rupee notes from circulation. Arun Jaitley said the move would flush out tax evaders, adding that all old notes deposited in banks would be subjected to tax laws. The surprise move, announced on… Continue reading India: ATMs Run Dry After Rupee Withdrawal Shock
Current Issues In Immigration – What We Need To Know
What is an immigrant? Is someone that should be despised for “coming over here and taking our jobs and benefits?” Or is it just a person that is trying to take up residence in another country by choice or circumstances out of their control? Opinion seems divided at the moment, with a concerning majority on… Continue reading Current Issues In Immigration – What We Need To Know
Election Results: Donald Trump Becomes the 45th US President
Political outsider Donald Trump will become the 45th US president after beating Democrat Hillary Clinton, the Associated Press news agency reports. Donald Trump’s projected victory came down to a handful of key swing states, despite months of polling that favored Hillary Clinton. The battlegrounds of Florida, Ohio and North Carolina cleared the way for his… Continue reading Election Results: Donald Trump Becomes the 45th US President
Election Results: Donald Trump Edges Closer to White House
Donald Trump is edging closer to the White House after a string of shock swing state victories over Hillary Clinton. The republican won Florida, Ohio, Iowa and North Carolina, while Hillary Clinton took Virginia and Nevada, ABC projects. Pennsylvania is too close to call. New Hampshire, Michigan and Wisconsin – which were meant to be… Continue reading Election Results: Donald Trump Edges Closer to White House
Election Results: Asian Markets Tumble and Mexican Peso Hits All-Time Low Against Dollar
Asian markets have tumbled after results from the American presidential polls suggested a victory for Donald Trump looked increasingly likely. All major markets in the region are now lower, with money flowing into safe haven stocks, gold and currencies including the yen. Meanwhile the Mexican Peso has hit an all-time low against the dollar. As… Continue reading Election Results: Asian Markets Tumble and Mexican Peso Hits All-Time Low Against Dollar
Election Results: Donald Trump Wins Swing States
All the 50 states and Washington DC voted across six different time zones to elect the 45th US president. Many of the polling stations have closed. So far: Donald Trump has projected wins in Ohio, Texas, Indiana, Kentucky, Oklahoma, Mississippi, West Virginia, South Carolina, Tennessee, Kansas, N Dakota, S Dakota, Wyoming, Nebraska, Arkansas, Montana, Louisiana,… Continue reading Election Results: Donald Trump Wins Swing States
India Withdraws 500 and 1,000 Rupee Notes from Financial System Overnight
Indian government has announced that the 500 ($7.6) and 1,000 rupee banknotes will be withdrawn from the financial system overnight. The surprise move is part of a crackdown on corruption and illegal cash holdings, PM Narendra Modi said in a nationwide address on TV. “Black money and corruption are the biggest obstacles in eradicating poverty,”… Continue reading India Withdraws 500 and 1,000 Rupee Notes from Financial System Overnight