Yahoo Finance's Tom Belger has the latest from London.
Yahoo Finance's Tom Belger has the latest from London.
Joe Biden, despite Donald Trump’s efforts to delegitimize the results of the 2020 Presidential election, is still the president-elect. While the former reality television star continues to spew widely-disputed claims about voter fraud on social media, Trump’s far from alone in his efforts. On Monday late night hosts Jimmy Kimmel and Seth Meyers took shots […]
Curry believes that the Warriors can still compete for an NBA title without Thompson.
The leader of Ethiopia's dissident Tigray region has said that his people are "ready to die" defending their homeland, rejecting Prime Minister Abiy Ahmed's ultimatum that they surrender within 72 hours. Abiy launched a military campaign against the Tigray People's Liberation Front (TPLF) on November 4, accusing it of attacking two federal military camps in the northern region, as well as defying and seeking to destabilise his government.The federal army says its forces are within 60 kilometres (37 miles) of Mekele, the Tigrayan capital and seat of the TPLF, ahead of a threatened all-out bombardment of the city of half a million people.Abiy -- last year's Nobel Peace Prize winner -- on Sunday called on the TPLF to surrender peacefully within three days, saying they were "at a point of no return".But the TPLF's leader Debretsion Gebremichael said Abiy was trying to cover for setbacks his army had suffered against Tigrayan forces, and was issuing threats to buy time."He doesn't understand who we are. We are people of principle and ready to die in defence of our right to administer our region," Debretsion told AFP via WhatsApp on Monday.A communications blackout in the region has made claims from both sides difficult to verify.'No mercy' threat Brigadier General Tesfaye Ayalew, as quoted by state-affiliated Fana Broadcasting Corporate on Monday, said that federal troops were "marching into Mekele" having captured key towns to the north and south.The army has threatened a "no mercy" tank assault on the TPLF leadership in Mekele, warning civilians to leave while they still can, raising concerns among rights activists."Treating a whole city as a military target would not only (be) unlawful, it could also be considered a form of collective punishment," Human Rights Watch researcher Laetitia Bader wrote on Twitter.Abiy has urged the people of Mekele to side with the national army against the TPLF, "in bringing this treasonous group to justice".Hundreds of people are reported to have been killed in nearly three weeks of fighting which has seen warplanes bomb the region and tanks enter the fray. Amnesty International also documented a gruesome massacre in which "scores and likely hundreds" of people were stabbed and hacked to death in the southwest town of Mai-Kadra.Over 40,000 Ethiopians have meanwhile fled west into Sudan and rockets have hit Eritrea to the north, spurring fears the internal conflict risks instability beyond its borders.The UN Security Council will hold its first meeting on the conflict in Tigray, diplomatic sources said late Monday.Tuesday's virtual meeting will not be open to the public, they said, and it was not yet clear if a statement would be issued afterward.Rocket attack In Bahir Dar, the capital of the Amhara region south of Tigray, two witnesses told AFP on Monday that rockets had hit the city, the third time it has endured shelling since the fighting began."Three rockets fell on the city near the airport area. We don't know about casualties or damages," said one witness, who asked not be named.There was no immediate response from the government, nor any claim of responsibility.The TPLF claimed responsibility for earlier rocket strikes on Bahir Dar and Gondar, another city in Amhara, as well as Eritrea's capital Asmara.Abiy in a statement late Sunday accused Tigrayan forces of destroying key infrastructure in their retreat from fighting, including the airport in the town of Axum and schools, bridges, medical centres and roads.Images broadcast by Ethiopian authorities on Monday showed what appeared to be deep gouges and damage to the tarmac at Axum.Abiy has resisted international pressure to halt the fighting, including from the African Union (AU), describing the campaign as a "law enforcement operation" against a "treasonous group" that is now entering its final phase.Redwan Hussein, spokesman for an Ethiopian committee handling the conflict, said the government would meet envoys sent by the AU "as a matter of respect" but flatly ruled out any talks with the TPLF."Facts on the ground have changed, and we've come to the very end," he told reporters on Monday.The TPLF led the armed struggle that toppled the brutal Derg regime in 1991 and controlled the coalition that took over, ruling Ethiopia for nearly three decades until Abiy was appointed in 2018.Since then, Tigrayan leaders have complained of being unfairly targeted in corruption prosecutions, removed from top positions and broadly scapegoated for the country's woes.(AFP)
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(Bloomberg) -- Australian central bank No. 2 Guy Debelle said market expectations of further monetary easing had helped drive down the local currency for a positive effect on the economy.The easing was also keeping the Australian dollar and bond yields below levels where they might otherwise be, he said in speech to economists on Tuesday.Debelle also pointed to an uptick in optimism over news of possible Covid-19 vaccines, though he cautioned it was likely to be some time before any vaccine was widely available.“In anticipation of us going down this path, we’ve seen the exchange rate come down by a noticeable amount, and enough to have an impact on the economy and have an impact on employment and on people’s livelihoods,” Debelle said, referring to the period from mid-September through to the policy package’s announcement in early November.The Reserve Bank of Australia earlier this month cut its cash rate, yield control goal and bank lending facility rate and announced a A$100 billion ($73.1 billion) quantitative easing program for longer-dated bonds. A lack of conventional ammunition has seen it play a supporting role to the government by ensuring borrowing costs stay low and credit channels remain open.“This package of monetary stimulus is complementing the significant fiscal stimulus,” Debelle said in his speech to Australian Business Economists.The deputy governor’s address was a recap of policy decisions taken since the onset of the pandemic, the thinking behind them and their expected impact. He said that public debt remains low for the Australian government and its state counterparts “even after the sizable stimulus that is being implemented.”Debelle said the RBA’s reduction of borrowing costs is filtering through the economy.“It has boosted the cash flow of households and businesses, as the effect of lower borrowing rates has more than offset the impact of lower deposit rates,” he said. “This directly supports spending in the economy, as does the lower exchange rate.”Asked after the speech about the outlook for house prices given rates are so low, Debelle said that it wasn’t uniform. He sees higher density construction weaker while detached dwellings stronger, and differences across areas of the country.“There’s a few dynamics going on in the housing market,” he said. Yet, “given the underlying supply-demand dynamics, I don’t see it being too much pressure on house prices in the short term.”He added that in an environment where rates are structurally low for a long period of time, as Australia’s are expected to be, asset prices are likely to go up.Debelle said a slight rise in longer-term bond yields and the Aussie dollar since the November policy announcement was largely due to vaccine news.“I would argue they are both lower than they would be absent the November policy package,” he said.While news of progress toward delivering vaccines should help bolster confidence, the recovery will be uneven, Debelle said, adding it was “likely to be some time before the vaccines will be widely available and distributed.”(Updates with comments on housing market.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Western Union Co suspended its operations across Cuba on Monday evening as new U.S. sanctions kicked in, cutting a key lifeline for many struggling Cuban families as the coronavirus pandemic deepens the Communist-run island's economic crisis. U.S. President-elect Joe Biden has promised to roll back some sanctions on remittances. Remittances to Cuba are believed to be around $2 billion to $3 billion annually, representing its third biggest source of dollars after the services industry and tourism.
Helicopter pilot finds 'strange' monolith in remote part of Utah. State employee spotted mysterious metal structure amid red rocks while counting bighorn sheep
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Jared Goff threw for 376 yards and three touchdowns, and Matt Gay kicked a 40-yard field goal with 2:36 remaining to give the Los Angeles Rams a 27-24 victory over the Tampa Bay Buccaneers on Monday night. Goff completed 39 of 51 passes, including short scoring throws to Robert Woods, Van Jefferson and Cam Akers. The Rams' defense pressured Tom Brady all night and sealed the win with its second interception of the six-time Super Bowl champion.
The Ravens went from a legitimate contender to a team fighting to make the playoffs.
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Over 40,000 Ethiopians have fled west into Sudan
(Bloomberg) -- Gold dropped to the lowest level in four months amid optimism over Covid-19 vaccine developments and the triggering of a formal transition process to President-elect Joe Biden.The General Services Administration acknowledged Biden as the apparent winner of the presidential election on Monday, following weeks of inaction, and President Donald Trump called on his agencies and departments to cooperate. Biden plans to nominate former Federal Reserve Chair Janet Yellen to serve as his Treasury secretary, people familiar with the matter said.After rallying to a record in August, bullion prices are taking a hit amid vaccine progress and the recent outflow from gold-backed exchange-traded funds. The Covid-19 shot developed by the University of Oxford and AstraZeneca Plc prevented a majority of people from getting the disease in a large trial, another promising development in the quest to end the pandemic, and the rollout could begin next month.“After the AstraZeneca-Oxford vaccine news had been released, many investors sold gold and moved on to more risky assets,” said Brian Lan, managing director of Singapore-based dealer GoldSilver Central Pte. “We are still bullish in the longer term as the interest rate conditions” and the time it takes for vaccines to be rolled out will support gold, he said.Prices at current levels are expected to attract investors, as well as wholesalers to cover their shorts or buy inventory for the end-of-year wedding period and to stock up for Lunar New Year, he added.Spot gold declined as much as 0.9% to $1,821.37 an ounce, the lowest level since July, and traded at $1,825.82 at 11:55 a.m. in Singapore. Silver dropped 0.8%, platinum rose 0.6% and palladium fell 0.6%. The Bloomberg Dollar Spot Index retreated 0.1%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Looks like Tom Brady really can do it all?
This may be the surest sign yet that the formal transition is now underway.
Here's what we learnt about The Projector from the indie cinema's general manager Prashant Somosundram during his appearance on the "On The Mic" podcast.
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Among the olive trees in northwestern Syria, displaced teenager Wissam Diab plucks an oud outside his new home, a tent surrounded by luscious plants. Syria's war forced the Diab family to flee their village of Kafr Zita in central Hama province, but when 19-year-old Wissam moved into a tent in northwestern Syria he decided to recreate his childhood home.