
A $10 Trillion Stock Market Rally Faces Crucial Test in Earnings
A near-$10 trillion rally for global stocks this year will face a make-or-break moment as hundreds of companies
2023-07-16 21:57

Ron DeSantis campaign fires staff as Florida governor trails Trump in the polls
Ron DeSantis’ campaign has dismissed a number of staffers in an effort to trim costs months after the Florida governor entered the crowded 2024 GOP field. Politico first reported that around 10 staffers have parted ways in recent days. Some of the staffers may join an outside group affiliated with the DeSantis campaign, according to the report. Despite cruising to re-election in Florida on a hardline conservative agenda, Mr DeSantis has struggled to gain traction in the GOP primary. He consistently trails Donald Trump in polls as the former president has increased his attacks on Mr DeSantis. Campaign manager Generra Peck is under scrutiny for early staffing decisions, according to NBC News. “They never should have brought so many people on, the burn rate was way too high,” a GOP source told the network. “People warned the campaign manager but she wanted to hear none of it.” Mr DeSantis has focused his attention on Iowa in recent weeks, even telling reporters that he would consider Governor Kim Reynolds as a running-mate. The crucial first-in-the-nation Iowa caucuses are less than six months away. The DeSantis campaign said the moves will allow the campaign to be more “nimble”. “Americans are rallying behind Ron DeSantis and his plan to reverse Joe Biden’s failures and restore sanity to our nation, and his momentum will only continue as voters see more of him in person, especially in Iowa,” Andrew Romeo said in a statement to The New York Times.. Defeating Joe Biden and the $72 million behind him will require a nimble and candidate-driven campaign, and we are building a movement to go the distance.” Read More 2024 GOP candidates desperate to make debate stage are finding creative ways to boost donor numbers DeSantis would consider Iowa's Reynolds as running mate, calls Trump's attack of her 'out of hand' Fundraising takeaways: Trump and DeSantis in their own tier as Pence and other Republicans struggle
2023-07-16 20:51

Iraqi premier in Syria to discuss boosting cooperation during the first visit in over a decade
Iraq’s prime minister held talks Sunday with Syrian President Bashar Assad in Damascus during the first trip of its kind to the war-torn country since the 12-year conflict began. Iraq and Syria have had close relations for years even after many Arab countries withdrew their ambassadors for Damascus and Syria’s membership in the 22-member Arab League was suspended because of the crackdown on protesters in 2011. Assad received Mohammed Shia al-Sudani, who was heading a high-ranking delegation, at the presidential palace in Damascus. They discussed mutual relations and cooperation between the two neighboring countries among other issues, according to the office of Syria’s president. Al-Sudani’s office said in a statement that talks revolved around ways of expanding cooperation in the fields of trade, economy, transportation, tourism, how to combat climate change and collaboration to fight terrorism. Security cooperation against extremist groups was likely to be on top of the two-day visit's agenda. The two countries, where Iran enjoys wide influence, have a joint 600 kilometers-long (373 miles) border. In June 2014, the Islamic State group declared the establishment of a self-styled “caliphate,” a traditional model of Islamic rule, in wide areas under its control in Iraq and Syria. After a yearslong campaign that left tens of thousands dead in both countries, IS was defeated in Iraq in 2017 and in March 2019 in Syria. Over the past years, Syrian government forces regained control of much of Syria with the help of Russia and Iran. Earlier this year, Syria’s membership in the Arab League was reinstated and Assad attended the Arab summit that was held in Saudi Arabia in May. Al-Sudani was invited to visit Damascus during a trip by Syria’s Foreign Minister Faisal Mekdad to Baghdad last month. The U.S. has a presence in both Syria and Iraq and Syrian officials have been calling for the withdrawal of American troops from the country who first arrived in 2015. On any given day there are at least 900 U.S. forces in Syria, along with an undisclosed number of contractors attempting to prevent the resurgence of the Islamic State group. U.S. special operations forces also move in and out of the country but are usually in small teams and are not included in the official count. U.S.-led coalition forces have officially ended their combat mission in Iraq, but continue to play an advisory role to Iraqi forces in the fight against the Islamic State extremist group. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-07-16 20:26

Ukraine-Russia war – latest: Putin’s cluster bomb threat to Kyiv as drones ‘shot down over Crimea’
Vladimir Putin has warned that Russia has a “sufficient stockpile” of cluster bombs and reserves the right to use them in retaliation against Ukrainian forces, after Washington supplied Kyiv with the widely banned munitions. The Russian president’s threat, during an interview with state TV, came as an Estonian intelligence chief claimed that Ukraine was on the brink of a major breakthrough in its counteroffensive, after destroying Kremlin command posts and making gains near Bakhmut. Meanwhile, pro-Russian authorities in Crimea claimed to have thwarted a Ukrainian drone attack overnight at the port of Sevastopol, which houses Moscow’s Black Sea fleet, as Ukrainian officials said one civilian had been killed and eight wounded in Russian attacks in Kharkiv and Zaporizhzhia. Elsewhere, Ukrainian and Polish officials said that a large convoy carrying fighters from the Wagner private army was spotted entering Belarus from Russia, as Minsk’s defence ministry released footage showing what it claimed were Wagner fighters instructing Belarusian soldiers at a military camp. Polish deputy minister Stanislaw Zaryn said Warsaw believed there “may be several hundred” Wagner fighters currently in Belarus. Read More Wagner boss Yevgeny Prigozhin ‘dead or in prison’ after Putin meeting, former US commander claims Russian general says he has been fired for telling truth about dire situation on Ukraine frontlines What to know about the harrowing Ukraine war doc '20 Days in Mariupol'
2023-07-16 20:24

South Africa’s Eskom Downgrades Power Cuts to Stage 2
South Africa’s state power utility, Eskom Holdings SOC Ltd., has downgraded power cuts due to improvements in storage
2023-07-16 20:22

South Korea Storms Leave at Least 46 Dead, Missing: Yonhap
At least 37 people have died and nine are missing in flooding and landslides across storm-battered South Korea,
2023-07-16 19:19

UK Defense Secretary Ben Wallace says he'll quit government and stand down as a lawmaker
British Defense Secretary Ben Wallace said Sunday he plans to resign at the next Cabinet reshuffle after four years in the job. Wallace has served as defense secretary under three prime ministers and played a key role in the U.K.'s response to Russia's invasion of Ukraine. He told The Sunday Times his departure was due to the strain his job had put on his family. He also said he would stand down as a lawmaker at the next general election. Wallace is the longest continuously serving minister in government. He was security minister under former Prime Minister Theresa May, before being promoted to defense secretary by her successor Boris Johnson. Wallace drew criticism last week when he suggested that Ukraine should show “gratitude” for the West's military support. He made the remark at the NATO summit in Lithuania after Ukrainian President Volodymyr Zelenskyy expressed frustration about when his country could join the military alliance. British Prime Minister Rishi Sunak distanced himself from Wallace's comments, saying Zelenskyy had “expressed his gratitude for what we've done on a number of occasions.” Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-07-16 18:16

Europe heatwave – live: Thousands evacuated amid Spain wildfire as Italy braces for sweltering 49C
Thousands of people have been evacuated from their homes as firefighters struggle to contain a wildfire tearing through the Spanish Canary Islands. The fire began in La Palma early on Saturday and has already destroyed 4,500 hectares (11,100 acres) of land and at least a dozen homes. Earlier, some tourists were reportedly sent to hospital in Athens, Greece as they arrived in droves at the Acropolis even as the authorities shut the monument's gates between midday and early evening amid a severe heatwave. Kim Adams, visiting from Scotland told Sky News: “It’s quite difficult today, really very hot”. Temperatures in Italy are predicted to climb as high as 49C in Puglia, Sardinia and Sicily next week, as the heatwave gripping Southern Europe shows no sign of abating. Red alerts for extreme heat have been issued in 16 cities across Italy as the Mediterranean country is gripped by blistering hot temperatures. Read More Land temperatures in Spain surpass 60C as deadly heatwave sweeps Europe UK weather: Met Office issues two yellow warnings as Britons brace for ‘unusual’ winds Europe heatwave: Is it safe to travel to Italy, Spain, Greece and Croatia?
2023-07-16 17:46

Turkey Hikes Fuel Tax by 200% to Finance Earthquake Damages
Turkey boosted its fuel taxes by almost 200% on Sunday, a move that will magnify inflationary pressures and
2023-07-16 17:16

Keir Starmer Promises Spending Restraint if Elected
The leader of the UK’s political opposition promised his party would avoid large government spending increases to ensure
2023-07-16 16:51

Indonesia Upbeat on 5% Growth Despite Gloomy China Outlook
Indonesia Finance Minister Sri Mulyani Indrawati said she was optimistic about the 5% economic growth target this year
2023-07-16 16:21

Soccer-While women's soccer boasts fierce LGBT advocates, FIFA reviews transgender rules
By Lori Ewing MANCHESTER, England U.S. soccer veteran Megan Rapinoe raised the ire of retired tennis great Martina
2023-07-16 15:29