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US and EU Worried about Russian Troop Movements at Border with Ukraine

12Nov

By Lucy FraserNo Comments

US and EU Worried about Russian Troop Movements at Border with Ukraine

On Friday, the United States and the European Union (EU) expressed concern over new "unusual" Russian troop movements near the border with Ukraine. "We are deeply concerned about certain unusual troop movements we are seeing on the border with Ukraine," US Secretary of State Antony Blinken told reporters. However, Russia would "commit a serious mistake" if it "repeats what it did in 2014," he referred to as the annexation of Crimea. The European Union is also concerned. "We are following the situation closely, and the information we have received to date is very worrying," said High Representative for Foreign Policy Josep Borrell said Friday. He indicated that the EU is in contact with the US and the United Kingdom. "We are ready to consider measures with our partners if necessar...

Media: Biden and Xi have Another Personal Meeting Next Week

11Nov

By Lucy FraserNo Comments

China, News, US

Media: Biden and Xi have Another Personal Meeting Next Week

US President Joe Biden and Chinese leader Xi Jinping are expected to hold virtual summits next week. According to CNBC sources, Xi will probably use this to personally invite his American counterpart to attend the Winter Olympics in Beijing. Such an invitation would pose a dilemma for Biden. China is under international fire for the human rights situation in Xinjiang, where critics say the Uyghurs are being oppressed. A possible " diplomatic boycott " is currently being discussed within the G7, a group of wealthy industrialized countries to which the US also belongs, a possible "diplomatic boycott" is currently being discussed. Then athletes will be allowed to go to the Games in February, but heads of state will stay away. Relations between the US and China have deteriorated sign...

Chief Investigator of Steele File on Trump Arrested in US

4Nov

By Lucy FraserNo Comments

News, US

Chief Investigator of Steele File on Trump Arrested in US

The US authorities have arrested a man who played a key role in preparing the so-called Steele dossier on Donald Trump in 2016. That's what insiders say to the newspaper The New York Times. However, it is still unclear what exactly the arrested Igor Danchenko is suspected of. The Steele dossier was prepared in the run-up to Trump's won presidential election. It is full of salient rumours that were damaging to the Republicans. For example, it was suggested that Russia would have video footage of Trump and prostitutes in a Moscow hotel. That has never been proven, and that also applies to many other sensitive claims in the file. Russian-born Danchenko was the lead investigator, according to the newspaper. He investigated for the former British spy Christopher Steele whether there w...

Republican Youngkin Wins Virginia Governor

3Nov

By Lucy FraserNo Comments

News, US

Republican Youngkin Wins Virginia Governor

Republican businessman Glenn Youngkin will be the new governor of the US state of Virginia, US media, including CNN, said on Wednesday. At the time, Youngkin had 51 percent of the vote, 95 percent of which had been counted. Youngkin defeated Democrat Terry McAuliffe, a party star who served as governor of the state from 2014 to 2018. The loss of McAuliffe in Virginia, a state that President Joe Biden won a year ago by a margin of more than 10 percent over then-President Donald Trump, is seen by political analysts as a rejection of Biden's national agenda. A few months ago, McAuliffe still had a comfortable lead in the polls. The race for governor was dominated by cultural issues. For example, Youngkin promised parents more control over how public schools tackle issues such as ra...

President Biden Proposes Historic $1.75 Trillion Investment Plan

28Oct

By Lucy FraserNo Comments

Business, News, US

President Biden Proposes Historic $1.75 Trillion Investment Plan

US President Joe Biden announced the new lines of his "historic" investment plan on Thursday. The White House reports that. Biden is confident that all factions of the Democratic Party will support the plan. The "Build Back Better" plan has been causing tensions within Biden's party for weeks. "After months of intense negotiations, we have a framework for the proposal that I believe can make it," Biden tweeted hopefully on Thursday. The president had initially been set aside $3.5 trillion for investment in social services and climate protection. But with this, he quickly encountered resistance from several Democrats. The party's moderate wing thought this amount was going too far and forced the president to halve it to $1.75 trillion. With the new plan, Biden hopes to support 50...

Horror Story from the US: Three Brothers Live for Years Next to the Body of A Deceased Brother (9)

25Oct

By Lucy FraserNo Comments

News, US

Horror Story from the US: Three Brothers Live for Years Next to the Body of A Deceased Brother (9)

Three brothers, ages 15, 10 and 7, have lived in an apartment in Texas with the body of their dead brother for a year. The police confirmed this on the spot. In addition, the three were malnourished and injured. The eldest of the three children made the hallucinatory phone call to the police in Houston, Texas, on Sunday afternoon. His nine-year-old brother had been dead for a year, and his body has been in their apartment ever since he says. The officers immediately went to the spot and found three brothers and the remains of their brother. "It looks like the body remains have been there for a long time," Sheriff Ed Gonzalez said. The boys had been abandoned by their parents, it seems. "They took care of each other. The eldest took care of his two younger brothers." It is unclear...

Major US Banks Open Mixed on Higher Wall Street

14Oct

By Lucy FraserNo Comments

Business, News, US

Major US Banks Open Mixed on Higher Wall Street

Major US banks such as Wells Fargo and Morgan Stanley started the trading day mixed on Thursday after the books opened. The most important indicators on Wall Street were sometimes positive. Investors brushed aside their concerns about inflation and its possible impact on the economic recovery. Morgan Stanley and Bank of America gained more than 2 percent in early trading. As with JPMorgan Chase, which already released figures on Wednesday, more money was made by advising on companies' mergers, acquisitions, and IPOs. Investors were slightly less satisfied with Citigroup and Wells Fargo, even though their results also exceeded analysts' forecasts. As a result, their shares actually fell to almost 2 percent. The overall sentiment on the stock markets is also influenced by the arri...

Relief on Wall Street After Debt Ceiling Tipping Point

7Oct

By Lucy FraserNo Comments

Business, News, US

Relief on Wall Street After Debt Ceiling Tipping Point

Stock exchanges in New York started the trading day with gains on Thursday. Investors on Wall Street reacted with relief to the breakthrough in the protracted political negotiations on the debt ceiling in the United States. In addition, concerns about rising inflation eased somewhat due to the fall in oil prices. Furthermore, the number of new unemployment benefits in the US rose less sharply than expected. The US government is approaching the limit of the total amount it can borrow. If the $28.4 trillion ceiling is not raised soon, the country may not be able to meet all its financial obligations before October 18. A proposal by Republicans to raise the debt ceiling until December was well received by Democrats on Wednesday, although it is still unclear whether they will agree. ...

Oil Funds in Demand on New York Mixed Stocks

27Sep

By Lucy FraserNo Comments

Business, News, US

Oil Funds in Demand on New York Mixed Stocks

The stock exchanges in New York opened on Monday with varying price results. Oil-related funds were clearly in demand with Wall Street investors thanks to rising oil prices. The technology sector, on the other hand, saw losses. Shortly after the start, the leading Dow-Jones index recorded a gain of 0.4 percent at 34,923 points. The broad-based S&P 500 fell 0.3 percent to 4,439 points, and the technology gauge Nasdaq lost 1.1 percent at 14,883 points. Major oil and gas companies such as Chevron, ExxonMobil, ConocoPhillips, Marathon Oil, Occidental Petroleum and Apache posted pluses of up to 5.3 percent. The price of a barrel of US oil rose 1.8 percent to $ 75.29, and Brent oil became 1.7 percent more expensive at $ 79.44 a barrel. Oil services companies Halliburton, Schlumberg...

Wall Street High Just After US Benefits and Retail Sales Figures

16Sep

By Lucy FraserNo Comments

Business, News, US

Wall Street High Just After US Benefits and Retail Sales Figures

The stock exchanges in New York opened on Thursday without major price movements after the day's price gains. Investors on Wall Street are mainly focused on US benefits claims and retail sales figures. That data can provide more insight into the state of the US economy and the impact of the Delta variant of the coronavirus on the economic recovery from the crisis. Retail sales rose 0.7 percent month-on-month in August, while economists had expected a decline. Consumers in the US seem unaffected by the advance of the Delta variant and have been spending more in stores. Consumer spending makes up the bulk of the US economy. Weekly applications for unemployment benefits also rose to 332,000. This is partly due to increased applications in the state of Louisiana due to the aftermath...