
Selloff in Long-Maturity Treasuries Squeezes Recession Wagers
The Treasury yield curve has steepened this week, but the shift is unnerving investors as it comes through
2023-08-04 14:16

Egypt Surprises With Rate Hike Even as Devaluation Delayed
Egypt unexpectedly resumed its cycle of monetary tightening, seeking to tame inflation that’s running at an all-time high.
2023-08-04 13:48

Oil Coasts to Sixth Weekly Gain After Saudis, Russia Extend Cuts
Oil headed for a sixth straight weekly gain, the longest winning streak in more than a year, after
2023-08-04 13:47

Buffett’s Favored Japan Trading Firms Post Solid Earnings
Japanese trading houses — a darling of Warren Buffett’s — posted strong earnings last quarter, despite a drop
2023-08-04 13:46

WNBA star Diana Taurasi becomes first in league history to score 10,000 career points
Diana Taurasi, the Phoenix Mercury star who stands atop the WNBA's all-time leading scorer list, reached another milestone in her highly decorated career by becoming the first player to score 10,000 points in league history.
2023-08-04 13:28

UAE’s $60 Billion Firm Chases Global Deals Despite Vodafone Snag
Vodafone Group Plc’s biggest shareholder is pushing ahead with an ambitious global expansion strategy, undeterred by a slump
2023-08-04 13:26

Trump appears to stumble over his name and age at arraignment
Donald Trump appeared to stumble over his words when he was asked to state his full name and age at his arraignment on charges of attempting to overturn the 2020 election. Mr Trump arrived at the E Barrett Prettyman federal courthouse in Washington DC on Thursday where he pleaded not guilty to four criminal counts of an alleged election hoax conspiracy that led to the January 6 riots at the US Capitol. Mr Trump, dressed in his trademark navy blue suit and red tie, entered the courtroom at 3.51pm accompanied by John Lauro, a veteran Washington-based criminal defence attorney, and Todd Blanche, the New York-based lawyer who is leading his defence in the other criminal cases against him. He was made to wait about 25 minutes before the magistrate judge entered the room at 4.15pm, and appeared nervous and fidgety. After attorneys for the government and defence introduced themselves, Mr Trump stood to take his oath from a courtroom deputy. US Magistrate Judge Moxila Upadhyaya then asked the former president to state his full name. “Donald J Trump — John — Donald John Trump,” Mr Trump replied hesitantly. He was then asked for his date of birth, and tripped over his words again. At first, he said “seven seven,” before correcting himself and saying “77”. After explaining his rights to remain silent and to legal representation, and reminding him of the lengthy prison sentence he faces if convicted, Judge Upadhyaya asked Mr Trump if he understood. He replied in the affirmative. Mr Lauro then entered a plea of not guilty on all counts on his behalf. Prosecutors did not seek to detain Mr Trump, and set a date of 28 August for a first hearing before Judge Tanya Chutkan. Mr Trump is not required to attend. In comments to reporters afterwards, Mr Trump described it as a “very sad day” before claiming Washington DC had deteriorated in the two and a half years since he left office. “This was never supposed to happen in America.... if you can’t beat ‘em, you persecute them,” he said. As his motorcade returned to Ronald Reagan Washington National Airport, it was met with a chorus of insults from a small group of protesters. “F** you, terrorist,” one man yelled, according to Wall Street Journal reporter Andrew Restuccia. Earlier this week, Mr Trump was charged with conspiracy to defraud the United States, witness tampering, conspiracy against the rights of citizens, and obstruction of and attempt to obstruct an official proceeding in relation to his attempts to overturn the results of the 2020 presidential election. The indictment also described six unnamed co-conspirators, who have been identified from details contained in the document as New York City Mayor Rudy Giuliani, former Mr Trump lawyer John Eastman, “Kraken” lawyer Sidney Powell, former top Justice Department official Jeffrey Clark, and attorney Kenneth Chesebro. Mr Trump has claimed in a series of unhinged posts to Truth Social that President Biden and the US Department of Justice had “weaponised” the federal government against him. Read More Live: Trump pleads not guilty at arraignment after arrest Trump pleads not guilty to federal conspiracy charges in plot to overturn 2020 election Who is Jack Smith? The special prosecutor who just indicted Trump again
2023-08-04 12:47

Poland Nears Coal Glut Prompting Powerful Union to Raise Alarm
Poland’s hard-coal reserves have almost doubled since last year, prompting a powerful union to warn about the consequences
2023-08-04 12:22

China Scraps Australian Barley Tariffs in Place Since 2020
China will scrap anti-dumping and anti-subsidy tariffs on Australian barley, effective from Aug. 5, China’s commerce ministry said
2023-08-04 11:53

College football realignment rumors: Big Ten offer to Washington, Oregon revealed
College football realignment rumors have now given us an idea of how much the Big Ten is willing to offer Oregon and Washington as the Pac-12 crumbles.On Thursday night, Arizona triggered a wave of college football realignment rumors as the Wildcats reportedly moved closer to leaving the Pac-12 ...
2023-08-04 11:16

AI Boom Fuels 487% Stock Surge for South Korean Family
As investor interest in artificial intelligence sends shares of technology giants soaring, a little-known circuit board maker in
2023-08-04 10:53

CK Hutchison Slumps After Profit Drops, Warning on Risks
CK Hutchison Holdings Ltd. shares tumbled after the conglomerate founded by Hong Kong billionaire Li Ka-shing posted its
2023-08-04 10:25