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White House adviser says Canada’s Trudeau ‘stabbed us in the back’

WASHINGTON ( ) – The top White House economic adviser accused Canada’s prime minister on Sunday of betraying President Donald Trump with “polarizing” statements on U.S. trade policy that risked making the American leader look weak on the eve of a historic summit with North Korea.

Larry Kudlow, director of the National Economic Council, lashed out at Canadian Prime Minster Justin Trudeau as,上海夜生活论坛Quaid, “amateurish” and “sophomoric” for a news conference he gave after Trump left the Group of Seven summit on Saturday.

The comments, made after Trump had left to go to Singapore for his much-anticipated meeting with North Korean leader Kim Jong Un, infuriated the U.S. president.

Trump called Trudeau “very dishonest and weak” on Twitter on Saturday and then sent Kudlow and trade adviser Peter Navarro to hammer the message home on Sunday morning news shows in an extraordinary assault on a close U.S. ally and neighbor.

Trudeau’s remarks prompted Trump to pull out of a joint communique that was a fragile consensus on the trade dispute between Washington and its top allies, Kudlow said.

“He held a press conference and he said the U.S. is insulting. He said that Canada has to stand up for itself. He says that we are the problem with tariffs. The non-factual part of this is – they have enormous tariffs,” Kudlow said on CNN’s “State of the Union.”

Related CoverageGermany, France blast Trump over Group of Seven U-turn

“Here’s the thing,” he added. “He really kind of stabbed us in the back.”

In Quebec City early on Sunday, Trudeau declined to answer reporter上海夜生活网s’ questions about the aftermath of the two-day G7 summit in Quebec.

At his news conference, Trudeau said Canada would take retaliatory measures next month in response to Trump’s decision to slap tariffs on steel and aluminum imports from Canada, Mexico and the European Union. Canadians, he said, “will not be pushed around.”

“There is a special place in hell for any for leader that engages in bad faith diplomacy with President Donald J. Trump and then tries to stab him in the back on the way out the door and that’s what bad-faith Justin Trudeau did with that stunt press conference, that’s what weak, dishonest Justin Trudeau did,” Navarro ,上海高端夜生活在那里Dallas,said on “Fox News Sunday.”

Trump negotiated in good faith on the communique agreed by the other members of the G7, only to have Trudeau criticize U.S. policy after he left, Kudlow said. “It is a betrayal,” he said.

Kudlow also accused Trudeau of trying to undermine the U.S. president at a critical time before his summit with the reclusive Kim on Tuesday.

“POTUS is not going to let a Canadian prime minister push him around on the eve of this,” Kudlow said, using an acronym for president of the United States.,上海夜生活网交流Idris, “He is not going to permit any show of weakness on the trip to negotiate with North Korea.”

“Kim must not see American weakness,” he told CNN.

Pennsylvania ex-attorney general gets jail time in leak case

NORRISTOWN, Pa. ( ) – For,上海夜生活Sabina,mer Pennsylvania Attorney General Kathleen Kane was sentenced on Monday to serve 10 to 23 months in county jail for leaking confidential grand jury information and then lying about it to investigators.

Kane, 50, the first woman and first Democrat ever elected Pennsylvania attorney general, was convicted in August on charges of perjury, false swearing, obstruction of justice, official oppression and conspiracy. She resigned two days after the jury in Montgomery County Court of Common Pleas handed down its verdict.

In addition, Judge Wendy Demchick-Alloy sentenced Kane to eight years of probation.

“A lesser sentenc,上海夜生活男人好去处Tamara,e will depreciate the seriousness of the crimes of this defendant,” she said.

Kane, who intends to appeal her conviction, had faced a maximum sentence of 24 years in state prison.

Her lawyer, Marc Steinberg, was not available to comment after the hearing.

Kane was accused of giving information from a grand jury proceeding in 2013 to a Philadelphia Daily News reporter to,上海高端夜生活在那里Earl, retaliate against a former state prosecutor, Frank Fina. She believed he had told the Philadelphia Inquirer about her decision to drop prosecution of a case Fina had developed against six black Democratic legislators in Philadelphia.

Grand juries play an important role in the U.S. criminal justice system by deciding if a prosecutor has enough evidence to bring charges against a suspect. Secret deliberations encourage witnesses to speak without fear of retaliation and to protect the reputation of suspects when the jury decides against recommending charges.

Witnesses for the prosecution said the Kane investigation had brought havoc to the attorney general’s office.

“Today is another sad day for the Commonwealth and its citizens,” Bruce Beemer, who replaced Kane, said in a statement after the sentencing.

“The Office of Attorney General is moving forwa上海夜生活论坛rd with steps to restore the public’s confidence in the work that we do and the way that we do it,” he said without specifying his office’s plans.

Kane is the second Pennsylvania attorney general in the past quarter-century to be convicted of crimes committed in office. In 1995, Attorney General Ernie Preate pleaded guilty to mail fraud and served a prison sentence.

More than 25 friends and members of Kane’s family attended the hearing to show support. Several, including Kane’s son Christopher, 15, testified as character witnesses on her behalf.

Frank DeAndrea, a former police chief of Hazleton, told the judge that sending Kane to prison could amount to a death sentence if drug lords she helped convict retaliate.

Demchick-Alloy said Kane had assumed that risk when she decided to commit crimes.

Exclusive: Malaysia considering seeking return of Goldman Sachs’…

KUALA LUMPUR ( ) – Malaysia is considering asking the U.S. Department of Justice (DoJ) to get Goldman Sachs (GS.N) to return nearly $600 million in fees it earned from bonds raised for scandal-tainted 1Malaysia Development Berhad (1MDB), two sources familiar with the matter said on Friday.

Malaysia is scrambling to bring home billions of dollars allegedly siphoned off from 1MDB, a state fund founded by ex-premier Najib Razak, who lost a general election last month.

His successor, Prime Minister Mahathir Mohamad, said Malaysia is also seeking to arrest financier Low Taek Jho, a central figure in the scandal who advised on investments and negotiated deals for 1MDB.

Malaysian authorities want to ask the DoJ, which is pursuing a corruption and money laundering probe at 1MDB, to get Goldman to disgorge profits it made from the sale of the bonds, after which Malaysia would claim the money, the two sources familiar with the matter said.

No formal request has been made to the DoJ on the Goldman fees, but top officials are actively discussing the plan within the government, they said.

“There have been no official requests yet, but this is being discussed,” said a Malaysian government source.

A financial industry source in Malaysia, who is aware of the discussions, said back channel talks between the government and the DoJ were under way.

How Kuala Lumpur would go about claiming the funds, and the legal hurdles in the process were not immediately made clear by the sources.

A上海夜网 spokesw,上海夜网邀请码Faith,oman for Finance Minister Lim Guan Eng said the minister had no comment on the matter.

The DOJ and a spokesman for Goldman Sachs declined to comment.

The U.S. Embassy in Kuala Lumpur directed to the DoJ for comment.

Goldman raised nearly $6.5 billion in three bond sales between 2012 and 2013 for 1MDB.

More than $2.5 billion raised from these bonds was misappropriated by high-level 1MDB officials, their relatives and associates, according to DoJ civil lawsuits filed in a U.S. court in 2016.

The U.S. bank earned almost $600 million for the three deals – an amount critics say is far in excess of the normal 1-2 percent fees a bank could expect for helping sell bonds.

A special task force set up after the election to look into 1MDB met officials from the DoJ and the U.S. FBI to discuss the probe in late May, including the process of returning the funds to Malaysia, the government has said.


Mahathir told reporters the government was trying to arrest Low, popularly known as Jho Low, but ,上海夜网推油Barrett,he was not in the country. “We don’t have extradition rights in the country where he is staying,” he said. He did not say which country Low was in.

Low was regarded as close to Najib and his family.

The Malaysian Anti-Corruption Commission (MACC) had issued an arrest warrant for Low, as well as for Nik Faisal Ariff Kamil, a director of former 1MDB unit SRC International, a source familiar with the matter had earlier told .

It was also preparing an arrest warrant for Roger Ng, a former Goldman banker, the source said.

Singapore authorities said on Friday they had issued arrest warrants in 2016 for Low and his associate, Tan Kim Loong, and requested an Interpol notice. It was the first time Singapore has acknowledged it was seeking Low’s arrest.

Low and 1MDB have denied any wrongdoing. Tan Kim Loong could not be reached for comment.

Low advised on investments and negotiated deals for 1MDB, though he never held any official role in the fund.

1MDB is the subject of money-laundering probes in at least six countries, includi,上海夜生活Queena,ng the United States, Switzerland and Singapore.

Najib has denied any wrongdoing, but has been questioned by government investigators after the election. He and his wife have been barred from leaving the country.

Goldman has always maintained that it did nothing wrong and that it had no visibility into whether some of the funds raised may have been subsequently diverted to other purposes.

In civil lawsuits filed by the DOJ to seize assets bought with misappropriated 1MDB money, U.S. authorities say investors were not properly informed about the use and nature of the bonds that Goldman helped sell for 1MDB.

The Wall Street bank however was not accused of any wrongdoing in the lawsuits.

Goldman has come under scrutiny for its involvement in the 1MDB affair, with U.S. and Singapore authorities looking into its role in helping raise funds for 1MDB through the bonds.

Goldman’s former Southeast Asia chairman, Tim Leissner, was issued a 10-year prohibition order by Singapore last year and was also barred from the U.S Securities industry.

Leissner was responsible for managing Goldman’s relationship with 1MDB and had helped arrange the sale of U.S. dollar bonds for 1MDB, sources have said.

Leissner, who took over the role in mid-2014, resigned in 2016 after he had allegedly violated the firm’s internal rules, a source has told .

Written by shyw on February 25, 2017 Categories: vylwumsx Tags: , , ,

Total virtual currency sales jump in 2018 but monthly trend slows:…

NEW YORK ( ) – Virtual currency sales ballooned to $9.1 billion so far this year, exceeding the $6.6 billion total for all of 2017, a financial technology data provider reported on Monday, but it said the monthly trend actually showed a slowdown if the two biggest offerings are excluded.

Digital technology startups around the world have raised funds ,上海夜生活群Tallulah,by selling cryptocurrencies, or tokens, that sidestep banks or venture capital firms as intermediaries.

Financial technology provider Autonomous NEXT reported the $9.1,上海夜生活网交流Dallas, figure, noting that the total includes token sale offerings of Telegram, a messaging service 上海夜生活founded by Russia-born entrepreneurs Pavel and Nikolai Durov in 2013, and Block.one’s EOS currency.

Telegram raised $1.8 billion early this year, while EOS raised about $4 billion in a token sale over a one-year period, starting in June 2017.

If the Telegram and EOS sales were excluded, Autonomous NEXT said, the monthly figure was lower at $560 million so far this year from a high of $1.5 billion in December 2017.

Market participants said the EOS sale skewed the numbers significantly because of the method of accounting. EOS had a one-year sale period, unlike other token offerings.

“Unless you believe in the continued presence of mega deals, token offerings have indeed been dragging due to continued regulatory uncertainty, tax overhang, and a lack of tangible progress in software adoption by the mainstream consumer,” Autonomous NEXT said in its report.

Regulators around the world, led by the U.S. Securities and Exchange Commission, have issued rules or guidelines that are giving investors pause and delaying new offerings.

The SEC, for instance, has cracked down on companies that have fraudulently solicited funds from investors claiming to invest the cash in virtual currencies or initial coin offerings (I,上海夜网后花园Quay,COs), and sent several subpoenas to companies that raised large amounts of cash.

Still, Autonomous NEXT said it believes the regulatory uncertainty will get resolved.

“Even if Western regulators constrict the space into a narrow box, there are many legitimate jurisdictions that want to be crypto Delaware,” said the data provider, referring to the U.S. state which has become a friendly jurisdiction for cyrptocurrencies.

It noted that many of last year’s token projects were built by start-ups. This year, more mid-stage companies with 50 to 250 employees are tokenizing some assets of their operations.

“Next year, the market could see late-stage companies bringing their own…projects to the market and marrying them with public crypto,” Autonomous NEXT said.

Two Allergan shareholders call for split of chairman-CEO role

( ) – Two of Allergan Plc’s (AGN.N) shareholders, hedge funds Appaloosa Management and Senator Investment Group, asked the drugmaker’s board to split the 上海夜网role of chief executive officer and chairman as well as reconsider its acquisition strategy.

The company has spent billions of dollars in deals in the past years, ballooning its debt to $26.6 billion, more than half of its current market value.

“It is time for Allergan’s management to concentrate on running a world class pharmaceutical and aesthetics business and forego thoughts of, or the exhilaration from, an ambitious acquisition strategy,” the shareholders said in a letter.

Billionaire investor David Tepper’s Appaloosa and Senator Investment, led by Douglas Silverman, together hold a nearly 2 percent stake in the company.

The stock rose as much as 2.5 percent on Tuesday, before paring some of its gains to trade,上海夜网官方网站Hadley, up 1 percent at $151.95 in late-afternoon trading. They have fallen about 33 percent in the past 12 months.

The Dublin-based company decided to sell its women’s health and infectious disease businesses last week, an outcome of a strategic review that the company had undertaken under CEO Brent Saunders earlier this year.

However, some investors had hoped for more dramatic actions from the review.

“Like the rest of the investment community, we were underwhelmed by the company’s half-hearted attempt to restore strategic momentum,” Appaloosa’s Tepper and Senator Investment’s Silverman said.

In response, Allergan said the conclusion of its strategic review was to pursue a disciplined capital allocation strategy.

The hedge funds said the company should hire a new person for one of the posts from outside the company after splitting the position.

They also asked the company to replace two additional directors on the company’s board. ,上海凤楼夜网Gabi,

Allergan said it remained active and aggressive in board refreshment, pointing to three recent director appointments in the past 16 months.

The shareholders said they had previously sent similar letters to the drugm,上海夜生活男人好去处Barrett,aker’s board in April and May.

In May, Appaloosa received Federal Trade Commission’s anti-trust clearance to become an activist investor in Allergan.

Macau clamps down on use of UnionPay cards to dodge currency controls

HONG KONG ( ) – Authorities in Macau, the world’s biggest gambling hub, have told financial institutions to tackle the illegal use of UnionPay cards to evade exchange controls, China’s latest move to clamp down on illicit capital outflows.

The announcement from Macau’s monetary authority late on Wednesday adds to a series of measures being implemented in the Chinese territory as it cracks down on such “illegal acts”.

The warning to banks came after pawn shops operating in Macau casinos had their UnionPay point-of-sale terminals removed, state broadcaster TDM said this week.

Macau’s gambling industry has revenues of about $3 billion a month.

A 2014 investigation found that many mainland Chinese used UnionPay cards to circumvent cash withdrawal limits of 20,000 yuan ($3,200) a day, and either use ,上海晚上耍女人的地方Jace,that money to gamble or transfer it abroad.

Typically, a customer in Macau can go to one of nearly 200 pawn shops inside casinos or on the streets that sell watches or jewelery, and swipe their card to get cash without buying anything, skirting capital controls.

The removal of the point-of-sales machines by Macau banks means that pawn shops inside the casinos are now no longer offering UnionPay cash-back services.

The Monetary Authority said banks needed to undertake “ongoing monitoring of the merchants” in order to prevent the use of point-of-sales (POS) machines “to conduct illegal activities”.

Union Pay was not immediately available for comment.

Industry estimates put the monthly withdrawal volume at HK$ 10 billion ($1.27 billion) from ATMs in Macau prior to the introduction of the facial recognition technology.

Only banks, the Postal Savings Office, money changers and remittance companies can provide money exchange and/or remittance services to the public, the authority said, adding that the provision of financial services by other individuals or shops was a “legal violation”.

“The impact on gaming deman,上海会所夜网Pamela,d is difficult to estimate, but it can’t be good in our view as it could at least be a modest negative,上海仙霞路夜生活[上海夜生活随机符], on player psychology if not their abilities to source funds,” said DS Kim, an analyst at J.P. Morgan in Hong Kong.

In rare move, China criticizes Trump plan to exit climate change pact

BEIJING ( ) – China on T,上海夜生活桑拿会所Jace,uesday rejected a plan by U.S. Republican presidential candidate Donald Trump to back out of a global climate change pact, saying a wise political leader should make policy in line with global trends, a rare comment on a foreign election.

The world is moving towards balancing environmental protection and economic growth, China’s top climate change negotiator told reporters, in response to a query on how China would work with a Trump administration on climate change. . .

“If they resist this trend, I don’t think they’ll win the support of their people, and their country’s economic and social progress will also be affected,” Xie Zhenhua said.

“I believe a wise political leader should take policy stances that conform with global trends,” China’s veteran climate chief said.

Trump has threatened t,上海夜生活Dallas,o reject the Paris Agreement, a global accord negotiated by nearly 200 governments to battle climate change that takes effect on Friday.

Chinese officials are often hesitant to weigh in on foreign elections, although they will defend Chinese policies when attacked in candidates’ policy platform上海夜生活论坛s.

Xie’s comments come as China plans to launch a national carbon trading scheme in 2017.

Th,上海晚上耍女人的地方Jack,e scheme is on track and pilot programs have already traded 120 million carbon allowances with total transactions amounting to 3.2 billion yuan ($472.29 million), he added.

“It will take time for the market to be fully operational, but once it’s operational, it’ll be the largest carbon trading market in the world,” said Xie.

China’s coal consumption has declined as the world’s second-largest economy slows, but Xie said it was too early to decide if it had peaked.

China’s delegation of more than 80 negotiators will begin departing from Tuesday for global climate change talks in the Moroccan city of Marrakesh set for Nov. 7 to 18.

Daimler shares drop on report up to one million cars contain defeat…

FRANKFURT ( ) – Daimler (DAIGn.DE) shares fell following a report that up to a million Daimler cars contained illegal defeat devices as Chief Executive Dieter Zetsche prepared to meet the transport minister on Monday.

German weekly Bild am Sonntag said up to 1 million cars contained software to cheat emissions tests on diesel vehicles.

Carmakers use software to manage exhaust emissions filtering and engine performance. A device can be classified as illegal if上海夜生活网 exhaust filtering systems are deactivated too early or without good reason.

At 0836 GMT, Daimler shares were trading 1.76 percent lower, at 61.19 euros, underperforming the Stoxx 600 Automobile index which was 0.48 percent lower.

German Transport Minister Andreas Scheuer summoned Zetsche after the country’s KBA Motor Vehicle Authority discovered “inadmissible defeat devices” in Mercedes-Benz engines, even as Daimler disputes they were illegal.

Daimler declines to comment on the 1 million vehicles figure, but said it is cooperating fully and transparently with the KBA and Germany’s Transport Ministry.

Related CoverageGermany to determine number of Daimler cars fitted with defeat devices: ministry

Daimler, like other car ,上海高端夜生活在那里Cain,manufacturers, uses urea nitrate liquids t,上海夜生活网419Naia,o neutralize nitrogen oxide emissions in exhaust fumes. However, Germany’s road vehicle authority, the KBA, has taken issue with the emission control features amid suspicion they allow vehicles to emit excess pollution without detection.

The emissions scandal has hung over the German car industry since September 2015, when Volkswagen (VOWG_p.DE) admitted to using software that could tell when a diese,夜上海论坛Jacklyn,l vehicle was being tested and temporarily lower its toxic emissions to pass U.S. regulations.

The “Dieselgate” scandal has cost VW about $30 billion in fines and other costs.

U.S. weekly jobless claims drop as labor market picks up steam

WASHINGTON ( ) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.

The robust labor market and firming inflation have cemented expectations the Federal Reserve will raise benchmark U.S. interest rates next week. Many economists believe the U.S. central bank will hike rates two more times after its June 12-13 policy meeting to prevent the economy from overheating.

The Fed lifted borrowing costs in March and forecast at least two more rate increases for this year.

“The labor market is heating up and that means inflation pressures are building, so the Federal Reserve bette,上海夜网邀请码Paige,r get ready for it,” said Chris Rupkey, chief U.S. economist at MUFG in New York. “Rates are going up at next week’s meeting and more are on the way.”

Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 222,000 for the week ended June 2, the Labor Department said on Thursday. Economists polled by had forecast claims rising to 225,000 in the latest week.

The four-week moving average of initial claims, viewed as a better measure of labor market trends as it irons out week-to-week volatility, rose 2,750 to 225,500 last week.

The dollar was trading lower a上海夜生活gainst a basket of currencies. Prices for longer-dated U.S. Treasuries rose marginally and stocks on Wall Street were mixed.

The labor market is considered to be close to or at full employment. Nonfarm payrolls increased by 223,000 jobs in May and the unemployment rate dropped to an 18-year low of 3.8 percent.

The jobless rate, which has declined by three-tenths of a percentage point this year, is now at a level where the Fed projected it would be by the end of this year.

The number of people receiving benefits after an initial week of aid increased 21,000 to 1.74 million in the week ended May 26. The four-week moving average of so-called continuing claims dropped 13,250 to 1.73 million, the lowest since December,夜上海419龙凤论坛Eden, 1973.


Layoffs have remained very low amid signs of growing worker shortages across all sectors of the economy. Data on Tuesday showed there were a record 6.7 million job openings in April. The number of unemployed people per vacancy slipped to 0.9 from 1.0 in March.

Economists expect the shrinking pool of unemployed workers will result in an acceleration in wage growth as companies are forced to raise compensation to attract and retain labor. Annual wage growth has remained below 3.0 percent.

“As the unemployment rate inches lower, businesses will find it increasingly difficult to fill open positions,” said Maria Cosma, an economist at Moody’s Analytics in West Chester, Pennsylvania.

The strong job market conditions were also underscored by the publication on Thursday of the Labor Department’s Contingent and Alternative Employment Arrangements survey, which showed 1.3 percent of U.S. workers in May 2017 held jobs they considered temporary or did not expect to last beyond a year.

That is a decline from 1.8 percent in February 2005 when the government last conducted a similar survey.

When self-employed individuals and independent contractors were included, the share of workers was 1.6 percent in May 2017, down from 2.3 percent in February 2005. Most contingent workers were under the age of 25.

“This should throw some cold water on those hyping the explosion of freelancing and the rapidly changing nature of work,” said Lawrence Mishel, a fellow at Economic Policy Institute in Washington.

But others said the survey’s findings contradicted independent research and faulted the government’s methodology, which used the same measurements as 13 years ago to gather data. The last time that the government conducted the survey was before the invention of smartphones.

“This data,上海夜网官方网站Fabiana, is saying that the percentage of workers in contingent or alternative work arrangements has either stayed the same or declined since the advent of smartphones,” said Cathy Barrera, chief economist at ZipRecruiter. “The labor market has changed a great deal, not only over the last 13 years, but over the last generation.”

The Labor Department will publish its Contingent Worker Supplement report in September. It is expected to shed light on the so-called gig economy.

Next U.S. president, Putin’s fourth, inherits sinking Russia ties

WASHINGTON ( ) – Confronted by Russia in Syria, Ukraine and cyberspace, the next U.S. president will be the fourth to face Vladimir Putin and the challenge of deterring a Kremlin often more willing than the White House to take risk and project power.

Over the last four years, the Russian president has annexed Crimea and destabilized eastern Ukraine, stymied U.S. hopes to oust Syrian President Bashar al-Assad and mounted cyber attacks that U.S. officials blame on hackers commanded or orchestrated by Russian intelligence agencies.

In his latest gambit, Putin this week suspended a treaty with Washington on cleaning up weapons-grade plutonium.

While the United States has imposed economic sanctions on Russia for its actions in Ukraine, these have yet to force it to calm tensions in eastern Ukraine, let alo上海夜生活ne surrender Crimea.

Some current and former U.S. officials argue the White House has failed to understand Putin’s bitterness about the decade after the Soviet Union collapsed, at a time the Russian leader feels the West took advantage of Russia when it was down.

Further, they say the United States has little influence over the course of democracy in Russia, or on its willingness to use force in Syria, Ukraine or elsewhere to achieve its ends.

The result, critics say, could be that Syria festers, Ukraine stays off balance and unable to draw closer to Europe, and that even areas such as arms control and nonproliferation, pillars of cooperation during the Cold War, could deteriorate.

“For Putin and most of the Russian leadership, it’s a zero-sum world,” said Andrew Weiss of the Carnegie Endowment for International Peace think tank.

Weiss argued the Russian leader was unlikely to change his stripes before Russia’s 2018 presidential election “in an atmosphere where Putin’s own domestic political fortunes depend on having this external enemy, namely the United States”.


A U.S. official suggested Putin, who has yet to tip his hand but is expected to run again, is willing to use force to get his way while the White House, scarred by the U.S. wars in Iraq and Afghanistan, is not.

“The administration never understood how bruised Putin and many, many Russians feel about the 1990s, or how determined they are to regain what they consider Russia’s rightful place in the world, much less what Putin is willing to do to get there,” said the official, who spoke on condition of anonymity.

“He will keep pushing until he meets serious resistance, and so far he hasn’t,” the official added.

In the eyes of many current and former U.S. officials, Syria is a case in point.

The United States this week announced it was suspending talks with Russia on a ceasefire, all but saying the Russian and Syrian assault on Aleppo had made a mockery of the peace effort.

“Where they make a desert, they call it peace,” Secretary of State John Kerry said, quoting the Roman historian Tacitus.

Analysts believe Aleppo is likely to fall but the war, now in its sixth year, will gr,上海夜生活乌托邦Naia,ind on with Assad surviving atop a shrunken, broken and fragmented country enduring the,上海夜生活网419Fabian, world’s worst refugee crisis since World War Two.

U.S. officials say the White House has yet to decide what to do next on Syria but few expect Obama to shift strategy in his waning months in office.

It is not considering imposing further sanctions on Russia for now, two U.S. officials said.


On Monday, Putin suspended a treaty with Washington on cleaning up weapons-grade plutonium, signaling he is willing to use nuclear disarmament as a new bargaining chip in disputes wi,上海新夜网龙凤Paisley,th the United States.

“If the relationship worsens, either side could be looking to exert leverage or score points in the nuclear arms control realm,” said Daryl Kimball of the Arms Control Association.

Another area where the United States is weighing its options is the stealthy war in cyberspace that is already under way with Russia and could escalate as relations worsen.

U.S. officials anonymously say Russian intelligence services have interfered in the U.S. election process by launching cyber intrusions into the presidential campaign of Democratic nominee Hillary Clinton, and other U.S. political organizations and state election offices.

The Kremlin denies the allegations.

The White House has refrained from publicly accusing Russia. If hard evidence of Russia’s involvement emerges, Washington has a dilemma in fashioning a response because, by going public, it could tip Moscow to its own intrusions, prompting retaliation.

Two U.S. officials suggested critics are taking too short term a view, arguing it can take years to achieve an objective, such as the liberation of the Baltic states from Soviet rule.

Cold War-like policies, such as using economic sanctions to weaken Russia’s economy or deploying NATO troops to the Baltics and Poland in January to deter Russia, may work over time.

“There’s no quick fix with the Russians,” said one official.

Bombardier launches longer-range variants of Global business jets

MONTREAL ( ) – Canada’s Bombardier Inc on Sunday announced two new longer-range variants of its existing large-cabin Global business jets, which the company expects to generate higher revenues during a time of recovering appetite for corporate planes.

The Global 5500 and 6500 jets are expected to offer 13 percent improved fuel burn and longer ranges compared with the plane-and-train-maker’s existing Global 5000 and 6000 aircraft. The jets will also,上海会所夜网Caitlin, have new wings, interiors, and Rolls Royce engines, among other upgrades, Bombardier spokesman Mark Masluch said.

The 5500 and 6500, which have the same bodies as Bombardier’s current Globals, will be manufactured at the company’s existing Canadian production lines.

The new jets are expected to receive certification in 2019, ahead of delivery by the end of next year and will drive a “premium price,” Masluch said by phone from Geneva, ahead of上海夜生活论坛 the EBACE business jet show.

The Global 5500, which lists for $46 million, has a range of 5,700 nautical miles and can connect Sao Paolo and Paris, while the Global 6500, which lists for $56 million, has a range of 6,600 nautical miles, can connect Hong Kong and London, Bombardier said.

Bombardier’s larger cabin planes compete against General Dynamics Corp’s Gulfstream, whose G650 business jets will continue to have unmatched flight range at the top end of the pure business jet segment until the largest Global enters service this year.

,上海足浴夜网联系方式Paige,While a hefty supply of used aircraft has prompted planemakers to lower production volumes of new corporate aircraft in recent years, some forecasters expect business jet sales to pick up between 2019-2027, in line with,上海夜玩网论坛Fabi, global GDP growth.

Revenues from sales of the 5500 and 6500 will be part of Bombardier’s five-year turnaround plan that leans heavily on delivery of its flagship, Global 7000 business jet to achieve a 25 percent jump in total company revenues to $20 billion by 2020, compared with 2017.

Total revenues from Bombardier’s business aircraft are expected to grow to $8.5 billion in 2020, up from $5 billion in 2017.

Masluch said that most of the investments in developing the new variants are “already behind us.”

Bombardier considered bankruptcy in 2015, after facing a cash-crunch because of heavy spending on both the CSeries commercial plane and the ultra-long-range Global 7000, which will be renamed the Global 7500.

Tesla’s Autopilot to get ‘full self-driving feature’ in August

( ) – Shares of Tesla Inc (TSLA.O) rose as much as 5 percent on Monday after Chief Executive Officer Elon Musk tweeted that its Autopilot driver assistance system will get full self-driving features following a software upgrade in August.

Autopilot, a form of advanced cruise control, handles some driving tasks and warns those behind the wheel they are always responsible for the vehicle’s safe operation. But a spate of recent crashes has brought the system under regulatory scrutiny.

“To ,上海夜生活群Kai,date, Autopilot resources have rightly focused entirely on safety. With V9, we will begin to enable full self-driving features,” Mus,上海晚上耍女人的地方Rae,k tweeted here on Sunday, replying to a Twitter user.

Musk said the autopilot issue during lane-merging is better in the current software and will be fully fixed in the August update.

However, it was not clear what self-driving features would be included in the August update.

Tesla has been gradually upgrading its Autopilot features with regular software updates.

Tesla’s documentation on its website about the “full self-driving capabilities” pack上海夜生活网age says that it is not possible to know exactly when each element of the functionality will be available, as this is highly dependent on local regulatory approval.

A consumer advocac,上海夜哪里艳遇Barrett,y group on Friday urged Tesla to fix what it termed as “flaws” in Autopilot after a preliminary government report said a Model X driver did not have his hands on the vehicle’s steering wheel in the final six seconds before a fatal crash on March 23.

“The software update is good news,” said analyst Chaim Siegel from Elazar Advisors, adding the stock was still benefiting from last week’s prediction by Musk that it would finally hit its production target for its Model 3 sedan.

Tesla’s shares were last up 3.3 percent at $327.93 on Monday after touching a high of $333.

The company’s future profitability hinges on ramping up Model 3 output, and the company has suffered from a series of failures to hit its weekly target.

General Motors Co (GM.N) said last week that its driver assistance feature, Super Cruise, will allow drivers to take their hands off the steering wheel for extended periods, but will stop the vehicle automatically if drivers are not attentive.

GM had said it will expand the roll-out of Super Cruise to all its Cadillac models beginning 2020.

U.S. and China target Chinese firm suspected of North Korean…

( ) – The United States and China are targeting the finances of Hongxiang Industrial, a Chinese company headed by a Communist Party cadre which the Obama administration thinks has a role in assisting North Korea’s nuclear program, the Wall Street Journal reported on Monday.

Police in Liaoning, the northeastern border province of China, started a probe into the上海夜生活论坛 firm’s alleged long-term involvement in “serious economic crimes” over the course of its trading activities, the paper reported. (on.wsj.com/2cz8iu1)

Certain assets related to the company, its founder and top execut,上海夜生活桑拿会所Fabiana,ive Ma Xiaohong, and some of her relatives and associates, have been frozen by the Chinese authorities in recent weeks according to the government and corporate filings cited in the report.

U.S. Department of Justice prosecutors visited Beijing twice last month to make their Chinese counterparts aware about alleged criminal activities being committed by Hongxiang Industrials, it said.

The Justice Department is preparing as early as this week to announce legal action against Chinese firms suspected of providing financial assistance to Pyongyang, the Journal reported, citing officials familiar with the matter.

U.S. President Barack Obama and Chinese Premier Li Keqiang agreed on,上海夜玩网论坛Kailani, Monday to step up cooperation in the United Nations Security Council and in law-enforcement channels afte,上海新夜网龙凤Hal,r North Korea’s fifth nuclear test, the White House said.

The U.S. Congress passed legislation this year that would sanction anyone who engages in, facilitates or contributes to North Korea’s proliferation of weapons of mass destruction.

Representatives of the U.S. Department of Justice, Chinese Government and Hongxiang Industrial were unavailable for immediate comment.

Meghan Markle makes gold sales sparkle

NEW YORK ( ) – The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with furth,夜上海419龙凤论坛Gabi,er gains expected, jewelers said.

The first three months of the year were the strongest first quarter for gold jewelry demand in the United States since 2009, according to the World Gold Council. Sellers say that is due in no small part to the public’s fascination with American actor Meghan Markle, who was engaged to Britain’s Prince Harry last November and who married him in a dazzling ceremony on Saturday.

Meghan, Duchess of Sussex, favors yellow gold.

“Around that time (of the engagement), we started seeing more sales of yellow gold and the last couple months it’s increased more,” David Borochov, of New York-based R&R Jewelers, said on Thursday. “Yellow gold jewelry sales have risen about 30 percent this year.”

For the last 15 years, white gold, silver and platinum have been the metals of choice for jewelry and couples tying the knot, jewelers said. Over the last few years, rose gold has become a favorite, while yellow gold was considered outdated.

Borochov said he typically sells about 70 to 80 percent in white gold and platinum, and 20 to 30 percent in yellow and rose gold. He expects the latter to increase.

“We saw an increase of about 20 percent (in yellow gold jewelry sales) from the beginning of the year,” said Nerik Shimunov, owner of Crown Jewelers ,上海夜网后花园Cain,in New York, which specializes in custom jewelry pieces for celebrities.

Meghan and Harry told the BBC in November that yellow gold is her favorite; her engagement ring is set in that metal.

Gold jewelry sales at Chicago-based Daniel Levy Jewelry increased by 10 percent after the engagement, “primarily because of the surplus of white gold,” sa,上海足浴夜网联系方式Paige,id Daniel Levy, though he noted a recognizable shift to yellow gold.

Celebrity purchases influence jewelry sales, said Alistair Hewitt, the World Gold Council’s director of market intelligence. Council research from 2016 found that 22 percent of U.S. women buying jewelry or luxury fashion were inspired by magazines and newspapers, with another 11 percent citing i上海夜生活论坛nfluence from celebrities.

“It would not be surprising to see the coverage of the royal wedding – including the choice of engagement ring and wedding band – influence shoppers’ behavior,” he said.

Canada likely to buy Trans Mountain pipeline project: Bloomberg

( ) – Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks.

The company, a unit of Houston-based Kinder Morgan Inc, had sto,上海夜生活网419Caden,pped all non-essential work on the C$7.4 billion ($5.70 billion) project in April, citing permitting delays and political opposition in British Columbia, and said it would scrap the expansion unless the legal challenges are resolved by May 31.

Expansion of the Trans Mountain pipeline, which takes crude from Alberta’s oil sands to a facility in,上海夜生活桑拿会所Paige, the Pacific province of British Columbia, has also faced opposition from environmental groups and some aboriginal groups.

The minority left-leaning New Democratic government in British Columbia, citing the risks of a major spill, opposes the project. This year it proposed new rules to temporarily block increased shipments of crude while it examined oil spill preparedne,上海凤楼夜网Radcliff,ss and response.

Canada’s finance minister, Bill Morneau, is expected to announce on Tuesday whether or not the government plans to support the expansion of the pipeline expansion, the Canadian Press reported earlier on Monday. Bloomberg bloom.bg/2GVVOL3also reported that the deal could be announced as earl上海夜生活论坛y as Tuesday.

“We’re not commenting on speculation,” a spokesman for Morneau told , while Kinder Morgan Canada was not available for comment outside regular business hours.

Options for the pipeline expansion include the government buying the project and selling it after completion or buying it on an interim basis and selling it to investors for further construction, the Canadian Press reported. bit.ly/2GXafPh

Morneau had unveiled a third option, which is to leave construction to Kinder Morgan Canada, but cover any cost overruns incurred as a result of political interference, the Canadian Press reported.

Voestalpine CEO to step down in 2019

VIENNA ( ) – Voestalpine (VOES.VI) Chief Executive Wolfgang Eder will step down in the summer of 2019 af,上海夜生活Sabrina,ter some 15 years at the helm and move to the supervisory board, the Austrian speciality steel company said on Tuesday.

Steel division head Herbert Eibensteiner, 54, will be appointed as Eder’s successor with effect from July 3, 2019.

Eder, former chairman of the World Steel Association, is highly regarded within the industry and viewed by analysts as a major asset. The 66-year-old led Voestalpine’s transformation from a traditional steelmaker into a global specialist supplying finished parts to the automotive and aerospace industries.

He also pushed for expa上海夜生活nsion into the United States, where Voestalpine opened a $1 billion plant in 2016.

The supervisory board will recommend that Voestalpine’s shareholders elect Eder to the board in summer 2019 and make him board chairman in 2021, current board chief Joachim Lemppenau said in a phone call.

“I believe that as chair of the supervisory board Mr Eder can provide advice and support to the company much longer, as if he had extended (his CEO contract) for another two or three years,” Lemppenau said.

Voestalpine tends to fill positions internally. Designated chief executive Eibensteiner has been working for the group since 1989. A trained mechanical engineer, he has experience in mergers and acquisitions, restructuring and manage,夜上海论坛Cain,ment, the head of the supervisory board Joachim Lemppenau said.

Lemppenau added the new CEO is expected to further internationalize the company and secure sustainable growth.

Voestalpine shares fell after the news and traded 2.5 percent down at 43.64 euros at 1058 GMT. Analysts said they do not expect any meaningful changes in the company’s strategy.

Voestalpine will publish its full-year results on Wednesday. Analysts expect it to post a 41 percent increase in earnings before interest and tax (EBIT) to 1.16 billion euros o,上海夜生活论坛Jace,n sales of 12.8 billion euros.

Written by shyw on February 8, 2017 Categories: yuhucbdm Tags: , ,

French-German deal on euro zone ‘fiscal capacity’ in reach: Le Maire

WHISTLER, British Columbia ( ) – French Finance Minister Bruno Le Maire said on Saturday he was confident of reaching an agreement with Germany this month about creating a joint “fiscal capacity”,上海夜生活网交流Quay, within the euro zone.

Le Maire and his German counterpart Olaf Scholz are hammering out a roadmap for euro zone reform with the aim of reaching a deal at a June 19 meeting of President Emmanuel Macron and German Chancellor Angela Merkel.

Speaking after a meeting of G7 finance ministers in Canada, Le Maire said that the fiscal capacity was at the core of the French proposals.

However, it is a very sensitive subject in Germany, where concerns run deep that German taxpayers could be left footing the bill for unsound economic policies in other euro zone countries.

Though the details are still vague and need to be fleshed out, the French want a joint fund that could be used to absorb economic shocks and smooth out differences between the euro zone countries’ economies.

“If you want to reduce the economic divergences among the members of the euro zone you need a fi上海夜生活scal capacity,” Le Maire said at the meeting in the Canadian mountain resort town of Whistler, British Columbia.

“We will still have in-depth discussions with Olaf Scholz to try to better understand the difficulties that the German g,上海夜玩网论坛Jack,overnment might have with that idea, but at the end I’m quite sure we will find a consensus and find an agreement,” Le Maire added.

The fiscal capacity question is likely to be one of the most difficult issues to resolve before the road-map can be agreed along with a shared bank deposit insurance mechanism, which is also a taboo in Germany, one French official said.

The French and German positions are closer on the issue of transforming the euro zone’s bailout f,上海晚上耍女人的地方Nadine,und into a European Monetary Fund and using it as a backstop to help prop up a country’s banking sector if necessary, the official said.

Uniper supervisory board rejects calls for Elliott-backed audit

FRANKFURT ( ) – Uniper’s (UN01.DE) supervisory board on Wednesday urged shareholders to reject a motion by activist investor Elliott to launch a probe into whether management sought to block the sale of a major stake to Fortum (FORTUM.HE), in a deal it opposes.

The proposal, filed by Elliott-backed Cornwall Luxembourg S.a.r.l. earlier this month, has become a headache for Uniper boss Klaus Schaefer ahead of,上海夜生活服务Octavia, the group’s annual general meeting on June 6, as it could pave the way for a lengthy investigation.

Schaefer has repeatedly argued against a planned deal that will see former parent E.ON (EONGn.DE) selling its remaining 46.65 percent stake in Uniper to Finland’s Fortum, calling it hostile and questioning the offer’s strategic merit.

Elliott’s motion was filed shortly after Fortum alleged in late April that Uniper had actively worked against the proposed deal in Russia, where it operates power plants and water-related activities through its subsidiary Unipro (UPRO.MM).

The allegations came after Russian authorities approved Fortum’s purchase of up to, but not more than, 50 percent of Uniper, dealing a blow to hedge funds that have bought into the German 上海夜生活论坛company in hopes of a higher follow-up bid.

Cornwall argues that Unipro was registered as a natural monopoly in Russia in January 2018 – potentially derailing the entire deal under the terms of the Russian Strategic Investments Law – after operating without such registration for years.


Russia’s investment laws bar foreign states or state-owned entities from gaining control over assets deemed as strategic. Fortum is majority-owned by the Finnish state.

“In our view, there is no reason to support the application for a special audit,” Uniper Supervisory Board Chairman Bernhard berg said in a statement.

“I am very satisfied with the work of our Management Board and have no reason to doubt the integrity of its actions.”

Uniper management contacted Russia’s Federal Antimonopoly Service (FAS) about the fact that Unipro’s activities could be subject to the investment act only weeks after Fortum revealed its plan to take over the company in September 2017.

“There is reason to consider Uniper as an economic enterprise having strategic significance for the defense of the country and for state security,” Uniper said in a letter to FAS dated Oct. 6, 2017, that was obtained by .

Uniper said it contacted FAS to protect the interests of shareholders, fearing that a potential violation of the strategic investment law in relation to Fortum’s offer could trigger a de-facto expropriation in Russia.

It has denied any wrongdoing in relation to For,上海夜哪里艳遇Mace,tum’s bid.

Whether or not Elliott’s motion succeeds next week will largely depend on how E.ON, which still holds the 46.65 percent stake, will vote. Should E.ON abstain it would significantly increase Elliott’s chances of getting it through.

E.ON Ch,夜上海419龙凤论坛Qirin,ief Financial Officer Marc Spieker sits on Uniper’s supervisory board. A Uniper spokesman declined to say whether the board’s decision to recommend the proposal be rejected was unanimous.

A spokesman for E.ON also declined to comment the decision.

U.S. jury fails to reach verdict in latest J&J talc trial

NEW YORK ( ) – A South Carolina jury on Friday could not agree on a verdict in a case of a woman whose family said her long-term use of Johnson & Johnson’s Baby Powder led to her death from asbestos-related cancer, resulting in a mistrial.

The case of Bertila Boyd-Bostic, who died of a rare form of cancer in 2017 at the age of 30, is the latest in a series of trials in the United States that center around allegations that the company’s talc-based powder contained asbestos.

“We’re disappointed the jury did not reach a unanimous verdict for Johnson & Johnson,” the company said in a statement emailed to .

“The talc in Johnson’s Baby Powder does not contain asbestos, which is supported b,上海仙霞路夜生活Radley,y more than 50 years of independent, non-litigation driven scientific evaluations.”

Asbestos is a known carcinogen linked to mesothelioma, the type of cancer Boyd-Bostic had been diagnosed with at the age of 29.

After two weeks of trial, the jury in the Darlington County Court of Common Pleas said it could not decide whether J&J was responsible for the disease. Under South Carolina law, a jury has to make a unanimous decision.

Christopher Swett, a lawyer for the family of Boyd-Bostic, said in a statement that the plaintiffs would retry the case at the earliest opportunity.

“We continue to believe that the daily use of baby powder on Bertila from birth led to her death,” Swett said.

The case also named as a defendant the U.S. unit of talc supplier Imerys SA, as well as a local unit of Rite Aid, one of the largest U.S. drugstore chains, which allegedly sold the baby powder used by the woman.

Gwen Myers, a spokeswoman for Imerys Talc America, said: “We remain confid,上海夜网官方网站Quaid,ent that talc does not cause cancer. Imerys follows all FDA and other regulatory guidelines and utilizes rigorous testing to ensure that our talc meets the highest quality standards. We continue to stand by the safety of our produ上海夜生活论坛ct.”

Rite Aid did not immediately respond to a request for comment.

J&J is battling some 9,000 cases claiming its talc products cau,上海夜生活群Idaia,se ovarian cancer, but litigants have recently focused on claims based on alleged asbestos contamination.

A California jury on Thursday awarded $25.7 million in damages to a woman and her husband over allegations that the company’s baby powder had caused her mesothelioma.

A New Jersey court jury in April ordered J&J and Imerys Talc America to pay $117 million to a man who alleged he developed mesothelioma due to asbestos exposure from talc-based products.

The company won the only other asbestos-related trial in November, when a Los Angeles Superior Court jury ruled in its favor.

Factbox: Mexican tycoon Carlos Slim and the U.S. election

MEXICO CITY ,上海夜生活网交流Mabel,( ) – Republican presidential nominee Donald Trump was set to add Mexican billionaire Carlos Slim as a target of his verbal attacks, the Wall Street Journal reported on,上海会所夜网Sabrina, Friday.

It cited a Trump adviser as saying the candidate would accuse Slim, one of the world’s richest people, of helping to generate allegations in the media of sexual misconduct by Trump.

Trump will claim that Slim, as a donor to the Clinton Foundation charity and the largest single shareholder in The New York Times, has an interest in helping her White House campaign, the newspaper said.

Slim spokesman Arturo Elias told the Journal that the allegations that Mexico’s richest man was interfering in the U.S. election were “totally false

Slim built his multibillion-dollar empire by purchasing troubled companies and turning them around.

Here are some facts about him:

* He was born in Mexico on January 28, 1940, the son of a Lebanese immigrant who built a small fortune by purchasing properties at cheap prices during the Mexican Revolution.

* He was the world’s richest man until a decline in his fla上海夜网gship telephone company America Movil’s stock dragged down his fortune. He remains the world’s No. 4 billionaire with a fortune of $50 billion, according to Forbes.

* Slim began accumulating New York Times shares in 2008, buying up 6.9 percent. In 2009, he extended a $250 million loan to the paper that was convertible into more shares and he is now the Times’ top individual shareholder with 17.35 percent.

* Slim is an engineer by profession and graduated from Mexico’s public National Autonomous University. He is a die-hard fan,上海夜生活桑拿会所Eden, of the school’s professional league soccer team, Pumas.

* Slim amassed his fortune after buying Mexico’s state-run phone monopoly in 1990 and turning it into Latin America’s biggest telecommunications company. His investments stretch from banking, mining and media to construction telecoms and oil services.

* In Mexico, where there are strict restrictions on private donations to political campaigns, he has strived to appear neutral in elections.

* He has made donations to the Clinton’s family foundation and the Bill & Melinda Gates Foundation.

* Last year, Slim traveled to El Salvador and Peru with Bill Clinton and Canadian mining tycoon Frank Giustra and the three set up a partnership to fund health and employment initiatives. They had launched a $20 million fund to help small businesses in Haiti in 2010.

* Slim has lived in the same house for more than 40 years and prefers to drive himself around Mexico City in his old Mercedes.

* He is believed to own the largest number of sculptures by Auguste Rodin outside the artist’s native France.