China Youth Jobless Rate Hits Record 20.8% in Challenge for Policymakers
China’s youth jobless rate edged up to a fresh record in May as the economy’s recovery slowed, adding
2023-06-15 12:56
China’s Property Investment Slump Deepens With Home Demand Weak
Chinese real estate investment slumped further in May, showing both extended weakness in a key engine for economic
2023-06-15 11:53
Former Trump chief of staff says ex-president is ‘scared s***less’
President Donald Trump’s former chief of staff, John Kelly, panned a short address given by his former boss on Tuesday as nothing more than panicked bluster in response to two criminal indictments filed by prosecutors in New York and the US Department of Justice. Mr Kelly spoke to The Washington Post after the ex-president appeared at his resort in Bedminster, New Jersey, in front of a crowd of $1,000-a-pop attendees gathered hastily to hear his post-arraignment remarks. And he chalked up the president’s threats to go after Joe Biden and his family with the full power of a weaponised Department of Justice as president to little more than a tantrum. “He’s scared s***less,” said Mr Kelly. “This is the way he compensates for that. He gives people the appearance he doesn’t care by doing this.” “For the first time in his life, it looks like he’s being held accountable. Up until this point in his life, it’s like, ‘I’m not going to pay you. Take me to court.’ He’s never been held accountable before,” added the former senior White House official and retired Marine Corps general. It was a comment that was simultaneously unsurprising yet notable due to the credence it lends to the idea that Donald Trump’s inner circle of advisers has done nothing but shrink since he took office in 2017 and left unceremoniously just four years later. In particular, Mr Trump is reported to have iced out all but those who agree most closely with his strategy and tactics, leaving behind even previously close aides like son-in-law Jared Kushner as he becomes further and further ensnared in legal entanglements. Mr Kelly was long seen as one of the president’s cool-headed influences in the White House, often clashing with more fervent True Believers in the administration like Steve Bannon and Stephen Miller. His brush-ups with the former eventually led to Mr Bannon departing the White House entirely before the end of Mr Trump’s first year in office. But Mr Kelly himself eventually left the White House, too, replaced by yes-men Mick Mulvaney and Mark Meadows who fed the president’s ego and enabled his most controversial actions, including his refusal to accept his election defeat to Mr Biden in 2020. Mr Meadows was most recently reported by The Independent to be cooperating with federal investigators in two probes examining his former boss’s undertakings as part of an immunity deal: One into the January 6 attack, and another dealing with presidential records and classified material taken from the White House. Mr Kelly is one of many former Trump White House staffers who have denounced their former boss since leaving his service; in 2020, Mr Kelly was reported to have described then-President Trump as one of the most dishonest people he has ever known in a CNN report. “The depths of his dishonesty is just astounding to me. The dishonesty, the transactional nature of every relationship, though it’s more pathetic than anything else. He is the most flawed person I have ever met in my life,” Mr Kelly has told close friends, according to the news outlet. Mr Trump was indicted last week on 37 criminal counts related to his handling of presidential records, including classified documents reportedly related to US defense and the military. He faces a separate 32-count indictment in New York, a result of a 2016 hush money scheme involving porn star Stormy Daniels. Read More Trump indictment – live: Trump speech lambasted as ex-president celebrates birthday post-arrest Special counsel Jack Smith stared at Trump throughout historic court appearance, report says Ex-Trump lawyer says evidence in indictment is like ‘a gun with Trump’s fingerprints on it’ Trump’s second arraignment: Watch how it happened Fox News calls Biden ‘wannabe dictator’ as it shows Trump speech on nuclear secret charges Marjorie Taylor Greene mocked for telling CDC chair: ‘I dont want my staff educated’
2023-06-15 11:28
Australian Jobs Surge Boosts Rate-Hike Bets as Inflation Lingers
Australian employment smashed expectations in May and unemployment surprisingly declined, bolstering the case for the Reserve Bank to
2023-06-15 11:22
Hillary Clinton laughs at ‘crooked’ ‘cult leader’ Trump’s second indictment
Hillary Clinton appeared on the Pod Save America podcast alongside a number of former Obama staffers, laughing as she was handed a t-shirt saying “Totally Impartial Potential Juror” after former President Donald Trump was indicted on 37 counts in connection to his alleged mishandling of national security information. The former secretary of state, senator, and first lady took part in the Monday evening recording released on Tuesday. “You’re kidding!” she said, laughing as the hosts spoke of Mr Trump’s fresh indictment. “I have a lot of reactions to it. And I think the best reaction publicly is, you know, let’s see it unfold and let’s see what happens.” After she was handed the t-shirt, she couldn’t resist pointing to its ‘Crooked’ logo and joking that it was the ex-president’s ‘nickname’. Meanwhile, Mr Trump appeared at his Bedminster, New Jersey golf course on Tuesday night, claiming that she “acid-washed” her emails, also contending that she stole china and furniture from the White House. “Hillary Clinton broke the law and she didn’t get indicted,” he said. “Hillary Clinton took hundreds of thousands of dollars worth of furniture, china, flatware, rugs and more from the White House and she wasn’t prosecuted,” Mr Trump suggested. “How about that one. She took the furniture and the china.” “It seems likely right now that he will end up the nominee,” Ms Clinton said of Mr Trump. “I mean, something can happen between now and when they start actually voting in the primary. But the Republican rules, as you know, favour winner take all.” “So the more people who get in against him, his chances actually go up. And then the response that we’ve seen in polling from Republicans suggests that they’re going to stick with him, that it’s more of a cult than a political party at this point, and they’re going to stick with their leader,” she added. “So I think that actually President Biden is in a very strong position to run a campaign that doesn’t have to talk about him. But I think other Democrats should and other concerned Americans should be asking hard questions.” “I have said now for months that Joe Biden had a remarkable first two years as president. I don’t think he gets the credit for it. And in part, that’s because he’s not a performer. He’s a producer. You know, he gets up every day and he goes to work for the American people,” the 2016 Democratic presidential nominee said. “In a time where in politics, not just in our country but elsewhere in the world, entertainment is really important. And the shock factor and the insult factor and the scapegoating and the finger-pointing, he’s really not doing it,” Ms Clinton said about Mr Biden. “And he is very careful about how he tries to present himself. I think that contrast is important. His accomplishments are important and trying to get people to focus on, okay, when the circus leaves town, what’s your life going to be like? How are you going to feel about your future and your family’s future and the big challenges that we have here at home and around the world.” “I think that’s the way to present a strong incumbent campaign against Trump,” she added. Ms Clinton said Republicans “refuse to read the indictment. They refuse to engage with the facts. There’s nothing new about that. And what they refuse to admit is this is on a track about him, not about anybody else. No matter how much they try to confuse people and how much they try to raise extraneous issues”. The former New York senator said that “it’s going to be fascinating, in a bizarre and sad way, to watch them spin themselves up”. “Their efforts to defend this man are truly beyond anything that I ever thought possible in our country. It is so profoundly disturbing how this could have ... been the opportunity to say, ‘Thank you so much for everything you’ve done for us. We really appreciate it, but this is kind of serious, and so we’re not going to continue to defend you,’” Ms Clinton said. “But no, they’re all in ... the psychology of this is so hard for me to fully grasp.” Read More Trump indictment — live: Trump 2024 rakes in $2m from Bedminster speech after federal charges arraignment Trump fundraises $2m from post-arraignment appearances Trump fans harass British reporter who asked him if he’s ‘ready for jail’ at Versailles restaurant Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement
2023-06-15 11:20
China’s Recovery Weakens as Industrial, Retail Activity Slow
China’s economic recovery weakened in May as growth in industrial output and retail sales slowed, putting pressure on
2023-06-15 10:24
Ukraine-Russia war – live: Putin unleashes aerial strikes, killing at least 6
Russian forces fired cruise missiles at the southern Ukrainian city of Odesa and shelled the eastern Donetsk region early Wednesday, killing at least six people, regional Ukrainian officials said. Russian forces have recently stepped up aerial strikes in their nearly 16-month war, a Ukrainian military spokesman said. It comes as Ukraine claims to have made advances in the face of “extremely fierce” fighting during its counteroffensive against Vladimir Putin’s forces, and has suggested Russia is losing a “staggering” 900 troops a day. As the lower house of Russia’s parliament gave its initial backing to plans to enable Moscow to enlist suspected or convicted criminals to bolster its army in Ukraine, Kyiv’s deputy defence minister claimed advances of several hundred metres near Bakhmut and Zaporizhzhia. The claimed advances – which contrast with Russian claims to have repelled attacks – preface a critical Nato meeting this week where Kyiv will urge the West to greenlight delivery of fighter jets, with senior Kyiv official Yuriy Sak telling The Independent that if “had we had F-16s, by now the situation would have been different”. Read More Belarus receives nuclear bombs ‘three times size of Hiroshima bomb’ from Russia Russia steps up aerial strikes on Ukraine – killing at least 6 Russia losing 900 soldiers a day during counteroffensive, Ukrainian officials claim
2023-06-15 10:24
IMF Blasts Pakistan Budget, Signaling Bailout May Not Happen
The International Monetary Fund criticized the Pakistan government’s budget as insufficient to meet the goals of its bailout
2023-06-15 10:17
Goldman, Citigroup Begin Cutting About 35 Dealmakers Across Asia
Goldman Sachs Group Inc. and Citigroup Inc. are starting to cut another 35 investment-banking jobs across Asia this
2023-06-15 09:59
Biden Touts Climate Efforts as Advocacy Groups Back Reelection
President Joe Biden defended his record confronting climate change and earned the endorsement of major conservation groups as
2023-06-15 08:45
Bond Traders Step Up Bets the Fed Will Steer US Economy Into Recession
Bond traders are stepping up wagers that the Federal Reserve will steer the US economy into a recession.
2023-06-15 08:30
Hong Kong Pauses Rate Hike Cycle Following Fed Decision
The Hong Kong Monetary Authority held its base rate steady at 5.5% on Thursday after the US Federal
2023-06-15 08:15