An astronaut who arrived on board the International Space Station last week has posted video of the view of Earth he enjoyed as he journeyed aboard SpaceX’s Crew Dragon on November 16-17
An astronaut who arrived on board the International Space Station last week has posted video of the view of Earth he enjoyed as he journeyed aboard SpaceX’s Crew Dragon on November 16-17
Donald Trump will walk out of the White House and board Marine One for the last time as president Wednesday morning, leaving behind a legacy of chaos and tumult and a nation bitterly divided. Four years after standing on stage at his own inauguration and painting a dire picture of “American carnage," Trump departs the office twice impeached, with millions more out of work and 400,000 dead from the coronavirus. Trump will be the first president in modern history to boycott his successor’s inauguration as he continues to stew about his loss and privately maintains the election that President-elect Joe Biden fairly won was stolen from him.
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The inauguration of President-elect Joe Biden will take place in a Washington on edge, after the deadly riot at the U.S. Capitol unleashed a wave of fear and unmatched security concerns. The nation's capital is essentially on lockdown.
With just over 12 hours left in his presidency, Donald Trump has granted clemency to his former campaign manager and top advisor Steve Bannon. As expected, Donald Trump spent the final night of his presidency pondering pardoning friends, political allies and maybe even Tiger King star Joe Exotic. However, will those pardons are yet to […]
(Bloomberg) -- Oil extended gains in Asia on more dollar weakness and expectations U.S. President-elect Joe Biden’s incoming administration will take steps to revive growth and energy demand in the world’s largest economy.Futures in New York rose past $53 a barrel after closing up 1.2% on Tuesday. Treasury Secretary nominee Janet Yellen called on lawmakers to “act big” on stimulus, which could provide a boost to consumption while coronavirus vaccines continue to be rolled out. Weakness in the U.S. dollar raises the appeal of commodities like oil that are priced in the currency.The optimism was tempered somewhat as the International Energy Agency cut forecasts for global oil demand as renewed lockdowns to contain the pandemic weigh on consumption. Biden’s cabinet picks also signaled that the new administration would continue some of President Donald Trump’s hard-line policies toward China, which may hamper the energy demand recovery.The IEA’s gloomier outlook is a validation of Saudi Arabia’s decision earlier this month to unilaterally cut production in February and March. That’s helped oil to keep rallying this year, along with a weak dollar and fund flows into commodities as a hedge against a likely acceleration in inflation this year.“Investors are pricing in a very chunky stimulus” in the U.S. that should weaken the dollar, said Stephen Innes, chief global market strategist at Axi. “OPEC+’s current supply discipline coalescing with the Biden administration’s overarching focus on public health and economic response to the Covid-19 pandemic suggests oil prices can go much higher.”The near-term trajectory of oil’s demand recovery has lost some momentum, however. The Chinese government is calling for citizens not to travel over the Lunar New Year holidays, while much of Japan is under a state of emergency and several European nations are still locked down.The IEA cut its demand estimate for this quarter by 600,000 barrels a day in its monthly report. The Paris-based agency trimmed its full-year forecast by 300,000 barrels a day. Global fuel consumption will rise by 5.5 million barrels a day this year after plunging by 8.8 million a day in 2020, it said.The oil future curve is reflecting expectations for supplies to tighten. Brent’s prompt timespread is 8 cents a barrel in backwardation, a bullish structure where near-dated prices are more expensive than later-dated ones. It was 7 cents in contango in early January.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Palm oil production in Malaysia is being dealt a double blow from a persistent shortage of workers to harvest the crop and torrential rains that have triggered floods in key growing areas of the world’s No. 2 supplier.Relentless heavy rain and thunderstorms have led to flash floods in parts of Sabah, Sarawak, Johor, Pahang and Perak -- the biggest palm oil-producing states in the country. While palm trees are typically water-loving and resistant to wet weather, prolonged floods could prevent harvesting -- leading to overripe fruit and poor oil quality -- and disrupt transport of fruit to mills.Deepening output woes is Malaysia’s re-imposition of lockdowns from Jan. 13, and a state of emergency that may last until August, which complicates the recruitment of foreign labor that the palm industry is so desperate for. The production constraints may help shore up palm oil futures, which have retreated from a 10-year peak.“Certain states including large oil palm-growing areas have been affected in Johor, Pahang and Perak. Here crop losses have been unavoidable as many sections of the fields have been under 2-3 feet of water for two to three weeks,” said Carl Bek-Nielsen, chief executive director of United Plantations Bhd. “This adversely affects the ability to enter the fields and harvest the crop, let alone bring out the crop as fields are under water.”Heavy rains in Sabah have led to floods and landslides, hurting the plantation sector in the top-producing state, said IJM Plantations Bhd. Chief Executive Officer Joseph Tek. La Nina-linked rains will likely continue into February. “It is a question of how deep and how long before the floods subside, before more rains pour,” he said.In Sarawak, Malaysia’s second-biggest palm growing state, the drop in yields may be more severe than the 15% to 20% initially estimated over the next two months, according to Andrew Cheng, CEO of the Sarawak Oil Palm Plantation Owners Association. That’s as the acute worker shortage compounds production problems caused by floodwaters which have inundated plantations and interrupted harvesting, he said.“I believe many oil palm plantations in Sarawak’s lower-lying areas will be affected, especially with the King Tide coming in,” Cheng said, referring to an especially high tide, which may lead to prolonged flooding. “Due to the Covid-19 pandemic and Movement Control Order, we are unable to assess the overall situation.”Sime Darby Plantation Bhd., the world’s biggest palm oil planter by acreage, said about 3% of its Malaysian upstream operations have been affected by floods and road closures. States impacted are Sabah and Sarawak, which together make up 45% of the country’s total output, as well as Johor, Pahang, Perak, Kedah and Negeri Sembilan.Breaking PointMalaysia’s shortage of palm oil workers has become “much, much worse” compared with six months ago, and was likely responsible for up to 90% of the 3.6 million tons of fresh fruit bunches lost last year, Bek-Nielsen said.“We are at a breaking point that will result in considerable crop losses in 2021,” Bek-Nielsen said. While first quarter production won’t be much lower than last quarter, the impact from the acute labor shortage “will really start to bite and impact production from April to October,” leading to a drop in output this year to 18.6 million tons, he said. Output was 19.14 million tons in 2020.To relieve the shortage of foreign workers, planters are seeking government approval for a safe way to bring guest workers into Malaysia, where all Covid-19 testing and quarantine costs are borne by employers, he said.Sime Darby said it’s had little success in hiring new workers and is grappling with a worker shortage of around 4,000 people for its Malaysian operations.“The number of hires from our recruitment drive are insufficient to help shore up the current labor shortage,” Sime said in an emailed response to questions. Local hiring efforts are further hampered by movement controls and the Emergency decree, as walk-in interviews are not allowed.Meanwhile, FGV Holdings Bhd., one of the country’s biggest producers, said about 3,600 hectares in Pahang, Johor, Perak, Negeri Sembilan and Sabah were affected by flash floods, although there’s no serious impact to field operations and mills are running as usual despite a drop in daily volumes.Still, there will be a “slight impact on yield production due to weather affecting labor productivity in January and in the first quarter,” the planter said in emailed responses. “We estimate the potential reduction in yields to be about 20% for January as compared to the earlier month, and by almost 20% in 1Q from the earlier period.”(Updates with details on Sabah flooding in fifth paragraph, Sime Darby’s comments from eighth)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
U.S. President Donald Trump has granted clemency to former White House aide Steve Bannon as part of a wave of pardons and commutations he will issue during his final hours in office, a senior administration official said. Trump was not expected to pardon himself, members of his family or lawyer Rudy Giuliani, who was at the forefront of unsuccessful efforts to get the results of the 2020 presidential election overturned, according to sources.Trump leaves office on Wednesday, when Joe Biden is sworn in as the nation’s next president.Trump also pardoned rappers Lil Wayne and Kodak Black who were prosecuted on federal weapons offenses, as well as former Detroit Mayor Kwame Kilpatrick, who was serving a 28-year prison term on corruption charges, a senior administration official said.Bannon, who was a key adviser in Trump’s 2016 presidential run, was charged last year with swindling Trump supporters over an effort to raise private funds to build the president’s wall on the U.S.-Mexico border. He has pleaded not guilty.White House officials had advised Trump against pardoning Bannon. The two men have lately rekindled their relationship as Trump sought support for his unproven claims of voter fraud, an official familiar with the situation said.Bannon, 67, is the latest prominent political ally to receive clemency from Trump, who has often used the powers of the executive branch to reward loyalists and punish his enemies.Trump previously pardoned former National Security Adviser Michael Flynn for lying to the FBI about his conversation with the former Russian ambassador, and he commuted the prison term for Roger Stone, who was convicted of lying to Congress during its investigation into Russian interference in the 2016 presidential election.Bannon can still be charged in state court in New York, where a pardon would not help him, said Daniel R. Alonso, a former prosecutor now at the Buckley law firm. Fraud prosecutions are frequently brought by the Manhattan District Attorney’s Office, Alonso said.Lil Wayne, 38, whose real name is Dwayne Michael Carter Jr., pleaded guilty in federal court in December to illegally possessing a firearm and faced up to 10 years in prison. He has expressed support for Trump’s criminal justice reform efforts.Kodak Black, 23, who was born Bill Kahan Kapri, is in federal prison for making a false statement in order to buy a firearm.(REUTERS)
Leicester [UK], January 20 (ANI): Leicester City manager Brendan Rodgers has said that his side will not get "carried away" after securing the top spot in the Premier League table, stressing that they will have to keep working hard.
Left-hander José Quintana has agreed to an $8 million, one-year contract with the Los Angeles Angels, a person familiar with the negotiations told The Associated Press on Tuesday night. Los Angeles was looking to boost its rotation following a fourth-place finish in the AL West at 26-34, 10 games behind first-place Oakland. Angels’ starters had a 5.52 ERA in the shortened 2020 season, 29th among the 30 major league teams and ahead of only Detroit’s 6.37.
(Bloomberg) -- U.S. equity futures rose Wednesday, buoyed by earnings and hopes for more stimulus, while Asian stocks were mixed. The dollar extended its retreat.Chinese firms trading in Hong Kong saw the bulk of gains, and the Hang Seng Index approached the 30,000 level, but stocks were lower in Japan. Investors weighed comments suggesting a tough line from Joe Biden’s incoming administration toward China. Nasdaq 100 futures outperformed, with Netflix Inc. surging in after-hours trading as it added more customers than expected.Treasuries were steady, with the yield on 10-year notes trading around 1.09%. Crude oil advanced and gold edged higher.Investors are showing signs of returning to the reflation trade, betting that the incoming U.S. administration will use its legislative firepower to propel economic growth. Still, Janet Yellen encountered early Republican resistance to Biden’s $1.9 trillion Covid-19 relief plan in her confirmation hearing to become Treasury secretary.Yellen -- who could be confirmed as soon as Thursday -- said that help for the unemployed and small businesses would provide the “biggest bang for the buck.” She urged lawmakers to “act big” in efforts to rescue an economy battered by the coronavirus. She also said the U.S. is prepared to take on China’s “abusive” trade and economic practices, and that the Biden administration won’t pursue a weak dollar.“Yellen is a positive,” said Mohit Kumar, strategist at Jefferies International. “We should have greater co-operation between the Fed and the Treasury, with both the monetary and fiscal policy working together and supportive. This is a good backdrop for risk sentiment.”Donald Trump is in the final hours of his term, with Biden to be sworn in at noon Wednesday in Washington.These are some key events coming up in the week ahead:Earnings come from companies including Morgan Stanley, Procter & Gamble and Intel.Joe Biden takes office as U.S. president on Wednesday.Policy decisions are due Wednesday from central banks in Brazil, Malaysia and Canada. The Bank of Japan and the ECB deliver decisions Thursday.Here are the main moves in markets:StocksS&P 500 Index futures rose 0.1% as of 2:11 p.m. in Tokyo. The gauge jumped 0.8% on Tuesday.Japan’s Topix index dipped 0.6%.Hong Kong’s Hang Seng rose 0.5%.Shanghai Composite was little changed.Australia’s S&P/ASX 200 Index advanced 0.4%.Euro Stoxx 50 futures were flat.CurrenciesThe Bloomberg Dollar Spot Index declined 0.2%.The euro bought $1.2143, up 0.1%.The offshore yuan rose 0.2% to 6.4658 per dollar.The yen traded at 103.75 per dollar, up 0.1%.BondsThe yield on 10-year Treasuries was little changed at about 1.09%.Australia’s 10-year yield was at 1.09%.CommoditiesWest Texas Intermediate crude advanced 0.7% to $53.35 a barrel.Gold rose 0.5% to $1,850 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Inauguration Day for President-elect Joe Biden will look unlike anything the nation has seen before as the scars of COVID-19 and the Jan. 6 insurrection at the U.S. Capitol turn the West Front into a virtual ghost town compared to years past. Instead of a parade down Pennsylvania Avenue, there will be a memorial at Arlington National Cemetery. Instead of hundreds of thousands congregating on the Capitol grounds and on the National Mall, there will be thousands of National Guard members.
More than 35 flood warnings are in place on Wednesday morning.
Donald Trump pardons Steve Bannon amid last acts of presidency – reportsFormer senior adviser was previously considered an unlikely name among the dozens expected to receive clemency
Ultra-cold freezers have been set up inside a warehouse of the Colombian Health Ministry ahead of the arrival of Covid-19 vaccines, some of which must be stored at ultra-low temperatures of around minus 70 degrees Celsius (-94 Fahrenheit) before being shipped to distribution centres in specially-designed cool boxes filled with dry ice.
Former White House Director of Strategic Communications Mercedes Schlapp joins 'Fox News @ Night'
David Perry QC quits prosecution of Hong Kong activists. British barrister was called ‘mercenary’ by UK foreign secretary for taking on case against pro-democracy figures
Ivanka said in an Instagram post that she is hopeful country can "acknowledge our differences and find common ground"
Federal prosecutors have alleged that Bannon’s "Build the Wall" fund served as a slush fund for the former White House adviser and his partners.
(Bloomberg) -- Gold gained as the dollar eased following commentary on the U.S. currency, the merits of massive stimulus, and the outlook for trade from President-elect Joe Biden‘s cabinet nominees.Biden’s pick for Treasury secretary, former Federal Reserve chair Janet Yellen, disavowed using exchange-rate policy to obtain a competitive advantage, a difference from Steven Mnuchin, who repeatedly expressed preference for a weaker dollar. At the same time, she did not say she backs a “strong” dollar.Yellen also told the Senate Finance Committee that the slew of state spending was needed to fight the coronavirus pandemic, while playing down concerns about the rising debt it creates amid an era of enduring low interest rates. Yellen could be confirmed in her role as soon as Thursday.Gold has declined in the opening weeks of 2021 as Treasury yields gained along with the U.S. currency, while stocks also advanced. Investors are seeking to determine the traditional haven’s outlook under the Biden administration, with the new president set to be inaugurated later Wednesday.“Gold has been facing headwinds from a strong U.S. dollar and higher real rates so far this year,” said Stephen Innes, chief market strategist at Axicorp. Ltd. While the market is trying to hold prices above key support, gold has struggled to recover convincingly past the $1,850 psychological level, he said.Spot gold rose 0.3% to $1,846.21 an ounce at 9:22 a.m. in Singapore, as silver, palladium and platinum all climbed too. The Bloomberg Dollar Spot Index was 0.1% lower after posting a 0.2% loss on Tuesday.On trade, several cabinet picks signaled the new administration would continue some of Donald Trump’s hard-line policies toward China. Antony Blinken, the choice for secretary of state, said the U.S. should bar goods made in Xinjiang.(Corrects location of timestamp in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
First daughter may now eye own run for elected office