WOTS Monday 6/3/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1186.0000 | 1183.7000 | 1185.0000 | | 00:00 |
| USD/VND | | | 23415.0000 | 23382.3200 | 23382.7000 | | 00:00 |
| USD/CNY | | | 6.9084 | 6.8979 | 6.9042 | | 04:25 |
| USD/KWD | | | 0.3039 | 0.3035 | 0.3035 | | 03:35 |
| GBP/USD | | | 1.2660 | 1.2615 | 1.2623 | | 04:30 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14270.0000 | 14026.0000 | 14270.0000 | | 04:28 |
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DC NY Iraq Articles:dd
Mike Pompeo, Nechirvan Barzani Talk over the phone
03/06/2019 - 02:00 Published in Kurdistan
US Secretary of State Mike Pompeo held a phone call with Nechirvan Barzani to congratulate him on his election as the new president of Kurdistan Region.
Pompeo reiterated his country’s support for Kurdistan Region and encourage Erbil and Baghdad to work closer and address the remaining disputes between the regional and central governments.
Barzani thanked the US for continued support to Kurdistan Region, and pointed out that Erbil has always believed in peaceful dialogues as the best mean to resolve differences with Baghdad.
Nechirvan Barzani, who currently serves as the prime minister of Kurdistan Region, was elected the president last Tuesday. His inauguration is scheduled for 10th June.
Allawi sends an urgent message warning of the situation in the region
Editorial date: 2019/6/3 12:33 • 71 times read
Baghdad: Al-Firat News Iraqi President Iyad Allawi sent an urgent message to the King of Saudi Arabia, Salman bin Abdul Aziz, UN Secretary-General Antonio Guterres, Ahmed Aboul Gheit, Secretary-General of the League of Arab States, and Yusuf bin Ahmed Al-Othaimeen, Secretary-General of the Organization of Islamic Cooperation Recent developments in the region.
A statement issued by his office received the agency {Euphrates News} a copy of it, Allawi warned in his letters "of escalation in the region and the world, stressing the need to be the relationship between countries based on respect for sovereignty."
He also called on Allawi to "not interfere in the internal affairs and abide by the laws of heaven and covenants and international laws in this regard."
He also called on Allawi to "not interfere in the internal affairs and abide by the laws of heaven and covenants and international laws in this regard."
Ahmed begins to pay the salaries of retired families of the destitute by the former regime
03-06-2019 12:08 AM Baghdad
The National Pension Authority announced on Sunday the immediate payment of the salaries of pensioners from the families of the destitute by the former regime.
According to a statement issued by the Commission, the "news" received a copy of it, "Direct payment of differences salaries of retirees from the families of martyrs according to the law of the Foundation martyrs (destitute by the former regime) whose names appeared in the report."
"Pensioners with electronic payment cards can check payment centers to receive their dues," he said.
"The agency also began to pay the end of service reward for members of the former Iraqi army, who did not show their names in previous meals and submitted objections and accepted their objections," adding that "pensioners with electronic payment cards can check the payment centers to receive their dues."
Alliance of Suron condemns the attack on the headquarters of the Communist Party in Basra
03-06-2019 12:31 AM Baghdad
The Alliance expressed its strong condemnation of the attack on the headquarters of the Communist Party in the city of Basra.
"Such practices are condemned by all standards and indicate that those who stand behind them, whatever they have, have no language of understanding other than the language of arms," coalition spokesman Qahtan al-Jubouri said in a statement received by Al-Akhbar.
Adding that "these methods should stand by the security and government forces a serious pause in order not to repeat through the accountability of the perpetrators and refer them to the judiciary."
Jubouri said that "building a real partnership will not go through such methods, which confirms the narrow horizon of those behind it and would like on this occasion to make clear that the alliance Ssron confirms his efforts in building the state, whatever the difficulties and obstacles. d
Direct payment of the salaries of retirees from the families of martyrs who are destitute by the former regime
Editorial date: 2019/6/3 168 times read
(Baghdad: Al-Furat News) announced the National Pension Authority, on Sunday, direct payment of salaries of retired families of martyrs who are destitute by the former regime.
According to a statement of the Commission, received {Euphrates News} a copy of it "direct payment of differences salaries of retirees from the families of martyrs according to the law of the institution of the martyrs (destitute by the former regime) whose names appeared in the report.
"Pensioners with electronic payment cards can check payment centers to receive their dues," he said.
"The agency also began to pay the end of service reward for members of the former Iraqi army, who did not show their names in the previous meals and submitted objections and accepted their objections," adding that "pensioners can pay cards check the payment centers to receive their dues."
"Pensioners with electronic payment cards can check payment centers to receive their dues," he said.
"The agency also began to pay the end of service reward for members of the former Iraqi army, who did not show their names in the previous meals and submitted objections and accepted their objections," adding that "pensioners can pay cards check the payment centers to receive their dues."
Kauaihn Iraq Articles:dd
The Cabinet approves Iraq's accession to the 1992 International Convention on Oil Pollution
Editorial date: 2019/6/2 17:04 • 212 times read
The Minister of Transport Abdullah Loibi, approved by the Council of Ministers in its regular session, on Sunday, the draft law of the Republic of Iraq to the International Convention on Civil Liability for Oil Pollution Damage in 1992 due to the increasing number of Iraqi oil ports and the possession of Iraq oil tankers Giant.
"The agreement aims to protect the Iraqi territorial waters from pollution and ensure adequate compensation for those suffering from damage caused by pollution caused by the leakage or discharge of oil to ships," he said in a statement.
"Adoption of uniform international rules and procedures to resolve the question of liability and adequate compensation as it entered into force on 30 May 1996
"Adoption of uniform international rules and procedures to resolve the question of liability and adequate compensation as it entered into force on 30 May 1996
Babil Governorate Council votes not to be convinced of the answers of the First Deputy
03/06/2019 12:17 AM |
The Council of the province of Babylon during its meeting held on Sunday evening on:
1 - Not satisfied with the answers of the First Deputy Governor of Babylon Engineer Wissam Aslan Jubouri for not attending the session
2 - exemption of Mr. Aqeel al-Rubaie from the post of secretary general of the provincial council and the election of Mrs. Rafla al-Juhaishi instead
3. Exemption of Dr. Nasr Hammoud from his position as Director of the Babylon Investment Authority
Deputy: Parliament ignorant of the contract with Siemens will ask for clarification of electricity
Date of release: 2019/6/3 10:13 • 199 times read
"The House of Representatives is in the process of requesting details of the contract between the government and the German company Siemens to develop the electrical network," said the deputy of the new generation opposition bloc, Sarkot Shamsuddin.
"The parliament does not know yet what details of the contract with the German company Siemens signed between them and the Iraqi government to develop the electric power sector," Shamseddine said in a statement.
He stressed that "the Council is about to request a copy of the contract and the details of the financial and the roadmap that can be applied by the company and how can help the company in the development of this sector."
"He expressed his optimism to contract with Siemens and the future with GE to develop the electric power sector, which has been suffering from a severe shortage since the nineties of the last century, especially that the two companies have a global reputation and great capabilities and possibilities to help Iraq to bring this sector back to where it was in the past, "The importance of contracting with the two companies economically, security and politically."
"If the minister wants to develop the electricity sector in the country and develop it, he has to deal with huge foreign companies even if the country is expensive," Shamsuddin said.
The German company Siemens, announced on May 1 that it signed an agreement with the Iraqi government to implement a road map for energy development, noting that the agreement will include the rehabilitation and modernization of existing stations, and expansion of transmission and distribution networks.
The contract was reportedly worth more than $ 14 billion.
"The roadmap it has presented to the government to re-supply Iraq with electricity consists of short, medium and long-term plans of action designed to meet the country's reconstruction goals and support the country's economic development needs," the company said.
The German company announced, on 29 of last month, the start of work in the implementation of contracts for the first phase of the development of electricity in Iraq, "pointing out that" the goal is to provide energy supplies at reasonable prices without interruption.
He stressed that "the Council is about to request a copy of the contract and the details of the financial and the roadmap that can be applied by the company and how can help the company in the development of this sector."
"He expressed his optimism to contract with Siemens and the future with GE to develop the electric power sector, which has been suffering from a severe shortage since the nineties of the last century, especially that the two companies have a global reputation and great capabilities and possibilities to help Iraq to bring this sector back to where it was in the past, "The importance of contracting with the two companies economically, security and politically."
"If the minister wants to develop the electricity sector in the country and develop it, he has to deal with huge foreign companies even if the country is expensive," Shamsuddin said.
The German company Siemens, announced on May 1 that it signed an agreement with the Iraqi government to implement a road map for energy development, noting that the agreement will include the rehabilitation and modernization of existing stations, and expansion of transmission and distribution networks.
The contract was reportedly worth more than $ 14 billion.
"The roadmap it has presented to the government to re-supply Iraq with electricity consists of short, medium and long-term plans of action designed to meet the country's reconstruction goals and support the country's economic development needs," the company said.
The German company announced, on 29 of last month, the start of work in the implementation of contracts for the first phase of the development of electricity in Iraq, "pointing out that" the goal is to provide energy supplies at reasonable prices without interruption.
Najaf Governor meets artists in Ramadan evening
03/06/2019 12:18 AM | Number of readings: 21
The governor of Najaf received the honor Mr. Loay al-Yasiri, on Sunday evening, the Iraqi Artists' Captain Dr. Jabbar Al-Aboudi and a number of Najaf artists on a Ramadan evening.
Al-Yasiri welcomed guests in the holy city of Najaf, the city of science, literature, art, poetry and culture. The governor stressed that: Najaf is an incubator for all arts with lofty goals that aim to convey the right reality in a meaningful way to address some of the disadvantages.
Mr. Louay Al-Yasiri also called on artists to present artistic events that reflect the sacrifices of the holy city of Najaf.
"The local government provides all necessary support to artists by opening the doors of the Culture Palace for all to hold festivals, presentations, seminars and other diverse events.
For his part, Al-Abboudi thanked the warm reception and thanked the local government for the support of the artists. Stressing the establishment of a series of artistic festivals aimed and productive and in coordination with the local government of Najaf.
The US military plans to deploy a new military unit in Iraq next fall
12:10 - 03/06/2019
Information / Translation ...
Two units of the Army and the headquarters of the Texas Corps will be deployed in the fall, one in Iraq to support operations and the other in Afghanistan, US military service officials said on Saturday.
"The unit headquarters of the 3rd Corps in Ford Hood, Texas, will be deployed in Iraq to replace the 18th Airborne Corps Command Unit as the headquarters for joint operations as part of a regular rotation," the US military daily Star-Strike reported in its translation report. .
"This is the third deployment rotation for the corps, where about 250 US military personnel will be deployed for a year in Iraq, " said Col. Mile Cage, spokesman for the 3rd Corps.
"The Task Force is leading 74 countries and five international organizations that form a coalition working with the Iraqi security forces in the regional pursuit of a daunting defeat," Cajins said. As he put it.
The headquarters of the 1st Armored Division of Fort Bliss, Texas, will be deployed in the fall to replace the headquarters of the 4th Infantry Division as part of a regular rotation of troops to support Operation Freedom in Afghanistan, where 250 US troops will be deployed there for at least nine months. Ending / 25 z
Two units of the Army and the headquarters of the Texas Corps will be deployed in the fall, one in Iraq to support operations and the other in Afghanistan, US military service officials said on Saturday.
"The unit headquarters of the 3rd Corps in Ford Hood, Texas, will be deployed in Iraq to replace the 18th Airborne Corps Command Unit as the headquarters for joint operations as part of a regular rotation," the US military daily Star-Strike reported in its translation report. .
"This is the third deployment rotation for the corps, where about 250 US military personnel will be deployed for a year in Iraq, " said Col. Mile Cage, spokesman for the 3rd Corps.
"The Task Force is leading 74 countries and five international organizations that form a coalition working with the Iraqi security forces in the regional pursuit of a daunting defeat," Cajins said. As he put it.
The headquarters of the 1st Armored Division of Fort Bliss, Texas, will be deployed in the fall to replace the headquarters of the 4th Infantry Division as part of a regular rotation of troops to support Operation Freedom in Afghanistan, where 250 US troops will be deployed there for at least nine months. Ending / 25 z
Sistani's office expects to see Hilal Eid al-Fitr next Tuesday
https://translate.
https://translate.
03/06/2019 11:44
BAGHDAD /
BAGHDAD /
The office of the supreme religious authority Ali al-Sistani expected on Sunday to see Hilal Eid al-Fitr this year, Tuesday evening.
The office said in a statement received by "Al-Ghad Press" a copy of it, "it appeared in the booklet of the dates of Ahla issued by the Office of the Supreme Reference, is expected to be the crescent of the month of Shawwal on Tuesday evening, 29 Ramadan 1440 H corresponding to 4 June, in the horizon of the city of Najaf at sunset at 7 o'clock : 05 "
"In this case, the crescent is expected to be weak," he said, adding that "these calculations do not represent the opinion of the religious authority. They are merely astronomical predictions. The beginning of the lunar months depends on the provenance of the crescent vision. Of the data in this brochure and inform us of the vision if possible.
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3 Money Milestones Everyone Should Reach by 50
Creeping toward 50? Set these financial goals for yourself.
Read in The Motley Fool: https://apple.news/AbXwf_
The Man Who Lost $35 Billion in One Year Has Some Advice for Elon Musk
Walking down a busy street in Rio de Janeiro one recent afternoon, we bumped into the Brazilian who is best known for losing $35 billion in a single year. After initially trying to deflect questions, he begrudgingly invited us along for a lunch that lasted two hours.
Read in Bloomberg: https://apple.news/AO8L_
Gold Rises 2% in May; Mexico Tariffs Help Return to $1,300
Commodities May 31, 2019 18:53 GMT By Barani Krishnan Investing.com - What fears over China couldn’t achieve, worries over Mexico have done. Bullion and futures of gold returned to the key bullish $1,300 mark on Friday as equity markets cratered and benchmark U.S. Treasury yields tumbled after President Donald Trump’s move to add Mexico to the U.S. list of trade adversaries. Spot gold, reflective of trades in bullion, traded at $1,304.81 per ounce by 2:35 PM ET (18:35 GMT), up $16.34, or 1.3%.
Read in Investing.com: https://apple.news/
Oil Down 14% in May, Most in 6 Months as Trade Wars Hit Hard
Commodities May 31, 2019 16:34 GMT By Barani Krishnan Investing.com - It’s macro in, micro out, as oil markets head for their worst monthly loss in six months amid trade wars that force investors to focus on a potential recession rather than the specifics of energy supply and demand. Both West Texas Intermediate, the benchmark for U.S. crude, and U.K. Brent, the global gauge for oil, were set to finish May trading down about 14% on Friday after Mexico became President Donald Trump’s latest
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As Treasury Yields Fall, Gold and Silver Stocks Could Shine
A 20-month low in 10-year Treasury bonds may set the stage for a significant rally in precious metal miners.
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A new credit bubble gets ready to burst
Federal Reserve Chair Jerome Powell gave a speech a couple of weeks back that showed that financial regulators have learned many lessons from the 2008 financial crisis, but not the most important one, namely:
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Greek Stocks On Fire, As The Leftist Bubble Is Beginning To Burst
The democratic system that gave the left the authority will take it away, paving the way for a new regime that will release the ingenuity and creativity of the Greek people in creating wealth for themselves and the country.
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Trade wars have cost stock market $5 trillion: Deutsche Bank analysis
President Trump’s multi-front trade war has cost the stock market $5 trillion in the past 17 months, according to analysis from Deutsche Bank.
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Weekly Economic and Financial Commentary: Markets Jitter as Trade War Escalates | Action Forex
U.S. Review Markets Jitter as Trade War Escalates Fear around the trade war remained top of mind for market participants this week, and helped instigate another inversion of the yield curve. There is no denying that the yield curve has inverted prior to each of the past six recessions, but we stand by our previously […] The post Weekly Economic and Financial Commentary: Markets Jitter as Trade War Escalates appeared first on Action Forex.
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Global stock markets lost $2 trillion in May
Global stock markets lost over $2 trillion in value in the month of May. The escalating trade conflict between the United States and China, coupled with the possibility that the US may impose tariffs on Mexican goods, is bringing new worries of a trade-related global economic slowdown. The Trump administration now says it will impose a 5 percent tariff on Mexican goods beginning June 10. The tariff would then be increased to 25 percent until "illegal immigration" across the countries' border is
Read in Aljazeera: https://apple.news/
S&P 500 wipes out $4 trillion in its second-worst May since ’60s
If euphoria was the concern, you can stop worrying.
Read in Bloomberg: https://apple.news/A_
Bitcoin SV Was the Best Performing Crypto in May – And it Wasn't Close
The cryptocurrency markets saw rapid growth in May, with quite a few tokens – including bitcoin SV – outshining bitcoin.
Read in CoinDesk: https://apple.news/
Bitcoin [BTC] returns in May dominate S&P 500, Nasdaq, Yen-Dollar, and Oil
The cryptocurrency market has seen a turn in fortunes over the past couple of weeks with Bitcoin [BTC], the largest of the assets leading the charge in price hike. Analysis has also shown that the BTC growth index was not just significant compared to the cryptocurrency industry, but also when compared to mainstream financial ecosystems....
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Cryptocurrency firms renew push to break free from SEC rules
Kik has started a crowdfunding campaign to support its legal battle.
Read in Ars Technica: https://apple.news/AjGyswaM-
Who Has the Power, Retail or Institutional Investors?
The institutional and retail crypto markets are much more intertwined than we realize, argues Noelle Acheson, and each needs the other to hit scale.
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Bitcoin [BTC] vs Litecoin [LTC] Price Analysis: BTC bulls take LTC for a ride
Bitcoin [BTC], the king of all cryptocurrencies, continued its bull run with 55.80% in market dominance. The digital gold coin was priced at $8,546.52. As BTC crossed the $8,500 mark, it added value to most altcoins, recording noteworthy increases. BTC's 24-hour trade volume was $24.36 billion and held a market cap of $151.56 billion market...
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Treasury overlooks the true culprit behind US dollar strength
Governments no longer need to push the dollar higher. International banks and hedge funds are doing the work for them.
Read in The Hill: https://apple.news/A7W4D-
https://www.investing.com/
No end in sight to rising drug prices, study finds
Researchers say bold bipartisan action is needed to stem the rising cost of popular prescription drugs that treat cancer, diabetes and other conditions.
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Heritage Pharmaceuticals to pay $7 million to settle price-fixing allegations
WASHINGTON (Reuters) - Heritage Pharmaceuticals has agreed to pay more than $7 million to settle allegations that it fixed the prices of several medicines, including a key diabetes drug, the Justice Department said. The company, a subsidiary of India-based Emcure Pharmaceuticals, is accused of working with other generic drug makers to fix prices and rig bids for medicines like glyburide, a diabetes drug. The company also settled allegations that it paid kickbacks for drugs that were funded by
Read in Business Insider: https://apple.news/AezjuZHZCT-
The Health Benefits of Strawberries
This tasty fruit is packed with nutritional value.
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Experts Say You Should Know These Things Before Testing For Lyme Disease
Lyme disease is a growing epidemic, with cases more than doubling in the U.S. from 22,000 in 2004 to 48,000 in 2016. But even more people than that likely have Lyme disease and don't know it. The typical Lyme disease tests — the Western Blot and…
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Breast cancer drug gives new hope to young women with disease by improving survival by 50 per cent
Young women with incurable breast cancer have been offered new hope after a “fantastic” drug combination was found to boost survival by more than 50 per cent.
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How financial issues impact your mental health
When you are struggling financially, it can have a very real effect on your health. Here are some ways that mental health can be impacted by your finances.
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Mexico tariff announcement fallout
Mexico's foreign minister is in Washington this morning for an emergency meeting at the White House in response to President Trump's escalating tariff threats against that country. The president's latest salvo calls for imposing a 5% tariff later this month with further increases to come -- unless Mexico can stem the flow of undocumented immigrants at the southern border. The tariff threat rattled Wall Street Friday. Natalie Brand reports.
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Tariff threat against Mexico confirms a deal's not a deal with Trump: Don Pittis
Everyone knows politicians sometimes fail to keep their word. But when an entire country gives its word, businesses generally assume they can count on it. Not so in the era of U.S. President Donald Trump, as shown by his latest tariff threat against trade partner Mexico.
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Trump’s Mexico tariffs could decimate the auto industry while it’s most vulnerable
Already having laid off the highest number of employees in nearly a decade and attempting to recover from a year in which declining global car sales likely reduced world GDP by 0.2%, the auto industry is facing a direct hit from President Trump's threatened tariffs on all goods from Mexico.
Read in Axios: https://apple.news/
Palestinians say U.S. 'deal of the century' will finish off their state
The U.S. blueprint to end the conflict between Israel and the Palestinians, still in draft form after almost two years, is seen by Palestinians, and by some Arab officials and politicians, as a plan to finish off the Palestinian cause.
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Iranians are more worried about their battered economy than a war with the U.S.
They say they are already living in a war economy because of severe U.S. sanctions.
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https://www.investing.com/
Zimbabwe Running Out of ARVs As RBZ Fails to Release Forex
More than 1.4 million people who are on Anti Retroviral (ARV) drugs are in danger of running out of the medication as the Reserve Bank of Zimbabwe (RBZ) is alleged to be refusing to release a sum of US$6 million that is required by the National AIDS Council of Zimbabwe (NAC) for the procurement of the critical drug. Coordinator for Country Coordinating Mechanism (CCM) Oscar Mundida said NAC is yet to access the money which is meant to settle arrears they owe to ARV suppliers. Mundida told
Read in AllAfrica: https://apple.news/AHCS4_
Zimbabwe: Great Opportunity to Tackle Health Sector Woes
OFFICIALS from the ministries of Health and Child Care and Finance, University of Zimbabwe's medical school, donor agencies, non-governmental organisations and civil society, entrepreneurs, researchers, academia, as well as private sector players will in June converge on the resort town of Victoria Falls to proffer solutions to a plethora of challenges facing the health sector....
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South Sudan Reacts Angrily to Renewed UNSC Sanctions
South Sudan's government is reacting angrily to the United Nations Security Council's move to renew sanctions on that country for another year, including an arms embargo. A South Sudan official warned continuing sanctions would weaken the government and embolden holdout groups that refused to sign the revitalized peace deal. After repeated failed attempts, the Security Council imposed sanctions on South Sudan last year following five years of fighting that caused hundreds of thousands of deaths
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Mozambique says agrees restructuring deal with bondholders
Mozambique’s finance ministry said on Friday that it had reached a restructuring deal in principle with holders of its defaulted 2023 bonds and that the new arrangement would not offer creditors instruments linked to future gas revenues. It had said last year it would share future revenues from gas projects as part of the restructuring...
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China raises tariffs on US goods amid escalating tensions
China raises tariffs on US goods amid escalating tensions
Read in TRT World: https://apple.news/
China to Lay out Trade-Talk Position on Sunday in Beijing
China said it will lay out its position on trade talks with the U.S. in a white paper and hold a rare press conference on the issue on Sunday, an announcement that came hours after it implemented retaliatory tariff increases against the U.S.
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China to investigate whether FedEx harmed client interests: Xinhua
China will open an investigation into whether FedEx Corp damaged the legal rights and interests of its clients, the official Xinhua news agency reported on Saturday.
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China Launches Investigation Into FedEx in Trade War Escalation
China is launching an investigation into FedEx Corp. for the wrongful delivery of packages, the state-run Xinhua News Agency reported on Saturday.
Read in Bloomberg: https://apple.news/
China says U.S. actions on Taiwan, South China Sea threaten stability
The United States' actions on Taiwan and the South China Sea are hardly conducive to maintaining stability in the region, a senior Chinese military official said on Saturday, responding to comments by acting U.S. Defense Secretary Patrick Shanahan.
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China says U.S. actions on Taiwan, South China Sea threaten stability
The United States' actions on Taiwan and the South China Sea are hardly conducive to maintaining stability in the region, a senior Chinese military official said on Saturday, responding to comments by acting U.S. Defense Secretary Patrick Shanahan.
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EUROPE
Airbus issues warning over escalation of U.S.-EU dispute
Airbus Chief Commercial Officer Christian Scherer told CNBC that the proposed tariffs "defy economic logic."
Read in CNBC: https://apple.news/Axw-3hI-
Brexit was a 'triumph of democracy'
US National Security Advisor John Bolton has claimed that leaving the European Union would allow the nation to become a 'strong and independent country'.
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John McDonnell: 'I cry all the time'
John McDonnell, a self-admitted Marxist who is today in Madrid to watch Liverpool play Tottenham, warned against the Brexit Party and also said the Soviet Union 'was never socialism'.
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Why Britain is days from a political earthquake that will shape the future of Brexit
After the seismic events of recent weeks, it might seem strange to predict that another political earthquake is approaching, but one certainly is. Its epicentre and timing are also at this point known; Peterborough Town Hall after the votes in next Thursday’s by-election are in.
Read in The Independent: https://apple.news/
The European Banking Authority Leaves London
As preparations for Brexit gather pace, what does the future hold for the U.K.'s important financial services sector?
Read in Forbes: https://apple.news/AIc_
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/
Today in History
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3 Money Milestones Everyone Should Reach by 50
Creeping toward 50? Set these financial goals for yourself.
Read in The Motley Fool: https://apple.news/AbXwf_
The Man Who Lost $35 Billion in One Year Has Some Advice for Elon Musk
Walking down a busy street in Rio de Janeiro one recent afternoon, we bumped into the Brazilian who is best known for losing $35 billion in a single year. After initially trying to deflect questions, he begrudgingly invited us along for a lunch that lasted two hours.
Read in Bloomberg: https://apple.news/AO8L_
OIL/COMMODITIES/ENERGY
Gold Rises 2% in May; Mexico Tariffs Help Return to $1,300
Commodities May 31, 2019 18:53 GMT By Barani Krishnan Investing.com - What fears over China couldn’t achieve, worries over Mexico have done. Bullion and futures of gold returned to the key bullish $1,300 mark on Friday as equity markets cratered and benchmark U.S. Treasury yields tumbled after President Donald Trump’s move to add Mexico to the U.S. list of trade adversaries. Spot gold, reflective of trades in bullion, traded at $1,304.81 per ounce by 2:35 PM ET (18:35 GMT), up $16.34, or 1.3%.
Read in Investing.com: https://apple.news/
Oil Down 14% in May, Most in 6 Months as Trade Wars Hit Hard
Commodities May 31, 2019 16:34 GMT By Barani Krishnan Investing.com - It’s macro in, micro out, as oil markets head for their worst monthly loss in six months amid trade wars that force investors to focus on a potential recession rather than the specifics of energy supply and demand. Both West Texas Intermediate, the benchmark for U.S. crude, and U.K. Brent, the global gauge for oil, were set to finish May trading down about 14% on Friday after Mexico became President Donald Trump’s latest
Read in Investing.com: https://apple.news/
As Treasury Yields Fall, Gold and Silver Stocks Could Shine
A 20-month low in 10-year Treasury bonds may set the stage for a significant rally in precious metal miners.
Read in The Motley Fool: https://apple.news/
BANKS/BANKING/CREDIT
HSBC: Seventh largest bank in the world rumoured to be blocking cryptocurrency transactions?
Banks and the cryptocurrency world have been at odds ever since the latter emerged a decade ago. From initially shrugging decentralized currency off as a mere distraction, now the disruptive force has irked the banking industry with the seventh largest bank in the world, HSBC rumored to be halting cryptocurrency transactions. Hong Kong and Shanghai...
Read in AMBCrypto: https://apple.news/
Criminals use 'data harvesting' to take over bank accounts and steal millions - Independent.ie
Sophisticated criminals are "taking over" bank accounts of unsuspecting consumers then stealing their money. Specialist gardaí are investigating the new type of organised fraud known as 'data harvesting' - which has already netted criminals millions of euro here. It is described as an "account take-over" because it involves criminals stealing victims' bank details and then siphoning money from their accounts. Detectives suspect that in some cases the information is being sold over the so-called
Read in Independent.ie: https://apple.news/
Congressman Gregory Meeks Wants To Make Sure Leveraged Loans Do Not Lead To A Financial Crisis
The very rapid rise of leveraged loan outstanding volumes influenced New York Congressman Gregory Meeks to call for a hearing on June 4 to explore risks in leveraged lending markets. He remembers the depth of the financial crisis and does not want to see such a painful crisis ever again.
Read in Forbes: https://apple.news/A31HMJ-
Banks must find ways to overcome challenge of dwindling core businesses
The following editorial appeared in Saturday's Japan News-Yomiuri: - - - The environment surrounding banks has become increasingly severe. How can they cope with their dwindling core businesses? They are urged to restructure their strategies.
Read in My San Antonio: https://apple.news/
Chase to Introduce Two New Credit Card Financing Options
If there's only one rule you follow when it comes to travel rewards credit cards, it's that you should never carry a balance. The massive interest rates banks charge — especially on travel rewards cards — will quickly strip away any value you may earn from points and miles. However, many Americans do carry balances...
Read in The Points Guy: https://apple.news/AdwM_
HSBC: Seventh largest bank in the world rumoured to be blocking cryptocurrency transactions?
Banks and the cryptocurrency world have been at odds ever since the latter emerged a decade ago. From initially shrugging decentralized currency off as a mere distraction, now the disruptive force has irked the banking industry with the seventh largest bank in the world, HSBC rumored to be halting cryptocurrency transactions. Hong Kong and Shanghai...
Read in AMBCrypto: https://apple.news/
Criminals use 'data harvesting' to take over bank accounts and steal millions - Independent.ie
Sophisticated criminals are "taking over" bank accounts of unsuspecting consumers then stealing their money. Specialist gardaí are investigating the new type of organised fraud known as 'data harvesting' - which has already netted criminals millions of euro here. It is described as an "account take-over" because it involves criminals stealing victims' bank details and then siphoning money from their accounts. Detectives suspect that in some cases the information is being sold over the so-called
Read in Independent.ie: https://apple.news/
Congressman Gregory Meeks Wants To Make Sure Leveraged Loans Do Not Lead To A Financial Crisis
The very rapid rise of leveraged loan outstanding volumes influenced New York Congressman Gregory Meeks to call for a hearing on June 4 to explore risks in leveraged lending markets. He remembers the depth of the financial crisis and does not want to see such a painful crisis ever again.
Read in Forbes: https://apple.news/A31HMJ-
Banks must find ways to overcome challenge of dwindling core businesses
The following editorial appeared in Saturday's Japan News-Yomiuri: - - - The environment surrounding banks has become increasingly severe. How can they cope with their dwindling core businesses? They are urged to restructure their strategies.
Read in My San Antonio: https://apple.news/
Chase to Introduce Two New Credit Card Financing Options
If there's only one rule you follow when it comes to travel rewards credit cards, it's that you should never carry a balance. The massive interest rates banks charge — especially on travel rewards cards — will quickly strip away any value you may earn from points and miles. However, many Americans do carry balances...
Read in The Points Guy: https://apple.news/AdwM_
TREASURIES/BONDS/STOCKS
A new credit bubble gets ready to burst
Federal Reserve Chair Jerome Powell gave a speech a couple of weeks back that showed that financial regulators have learned many lessons from the 2008 financial crisis, but not the most important one, namely:
Read in My San Antonio: https://apple.news/
Greek Stocks On Fire, As The Leftist Bubble Is Beginning To Burst
The democratic system that gave the left the authority will take it away, paving the way for a new regime that will release the ingenuity and creativity of the Greek people in creating wealth for themselves and the country.
Read in Forbes: https://apple.news/
Trade wars have cost stock market $5 trillion: Deutsche Bank analysis
President Trump’s multi-front trade war has cost the stock market $5 trillion in the past 17 months, according to analysis from Deutsche Bank.
Read in The Hill: https://apple.news/
Weekly Economic and Financial Commentary: Markets Jitter as Trade War Escalates | Action Forex
U.S. Review Markets Jitter as Trade War Escalates Fear around the trade war remained top of mind for market participants this week, and helped instigate another inversion of the yield curve. There is no denying that the yield curve has inverted prior to each of the past six recessions, but we stand by our previously […] The post Weekly Economic and Financial Commentary: Markets Jitter as Trade War Escalates appeared first on Action Forex.
Read in Action Forex: https://apple.news/A2HwrMo_
Global stock markets lost $2 trillion in May
Global stock markets lost over $2 trillion in value in the month of May. The escalating trade conflict between the United States and China, coupled with the possibility that the US may impose tariffs on Mexican goods, is bringing new worries of a trade-related global economic slowdown. The Trump administration now says it will impose a 5 percent tariff on Mexican goods beginning June 10. The tariff would then be increased to 25 percent until "illegal immigration" across the countries' border is
Read in Aljazeera: https://apple.news/
S&P 500 wipes out $4 trillion in its second-worst May since ’60s
If euphoria was the concern, you can stop worrying.
Read in Bloomberg: https://apple.news/A_
CRYPTO'S / DIGITAL CURRENCY
Bitcoin SV Was the Best Performing Crypto in May – And it Wasn't Close
The cryptocurrency markets saw rapid growth in May, with quite a few tokens – including bitcoin SV – outshining bitcoin.
Read in CoinDesk: https://apple.news/
Bitcoin [BTC] returns in May dominate S&P 500, Nasdaq, Yen-Dollar, and Oil
The cryptocurrency market has seen a turn in fortunes over the past couple of weeks with Bitcoin [BTC], the largest of the assets leading the charge in price hike. Analysis has also shown that the BTC growth index was not just significant compared to the cryptocurrency industry, but also when compared to mainstream financial ecosystems....
Read in AMBCrypto: https://apple.news/
Cryptocurrency firms renew push to break free from SEC rules
Kik has started a crowdfunding campaign to support its legal battle.
Read in Ars Technica: https://apple.news/AjGyswaM-
Who Has the Power, Retail or Institutional Investors?
The institutional and retail crypto markets are much more intertwined than we realize, argues Noelle Acheson, and each needs the other to hit scale.
Read in CoinDesk: https://apple.news/
Bitcoin [BTC] vs Litecoin [LTC] Price Analysis: BTC bulls take LTC for a ride
Bitcoin [BTC], the king of all cryptocurrencies, continued its bull run with 55.80% in market dominance. The digital gold coin was priced at $8,546.52. As BTC crossed the $8,500 mark, it added value to most altcoins, recording noteworthy increases. BTC's 24-hour trade volume was $24.36 billion and held a market cap of $151.56 billion market...
Read in AMBCrypto: https://apple.news/
CURRENCIES
Treasury overlooks the true culprit behind US dollar strength
Governments no longer need to push the dollar higher. International banks and hedge funds are doing the work for them.
Read in The Hill: https://apple.news/A7W4D-
Forex - Weekly Outlook: June 3 - 7
Investing.com - Investors will be looking ahead to Friday’s U.S. jobs report for May for sign of strength in the labor market as the escalating global trade war continues to...
Forex - U.S. Dollar, Mexican Peso Fall on Trump Tariff Threat
Forex May 31, 2019 14:42 GMT Investing.com - The U.S. dollar fell, while the Mexican peso continued to slump, after U.S. President Donald Trump threatened to impose a 5% tariff on all Mexican goods if Mexico did not crack down on migration. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, lost 0.4% to 97.667 by 10:41 AM ET (14:41 GMT), while USD/MXN jumped 2.7% to a nearly five-month high of 19.6689. Trump said via Twitter that he will
Read in Investing.com: https://apple.news/A6JaFSth_
Forex May 31, 2019 14:42 GMT Investing.com - The U.S. dollar fell, while the Mexican peso continued to slump, after U.S. President Donald Trump threatened to impose a 5% tariff on all Mexican goods if Mexico did not crack down on migration. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, lost 0.4% to 97.667 by 10:41 AM ET (14:41 GMT), while USD/MXN jumped 2.7% to a nearly five-month high of 19.6689. Trump said via Twitter that he will
Read in Investing.com: https://apple.news/A6JaFSth_
Forex - Yen Rises on Safe-Haven Demand, Mexican Peso Slump on Tariff News
Forex May 31, 2019 04:56 GMT Investing.com - The Japanese yen rose on Friday in Asia amid safe-haven demand, while the Mexican Peso slumped amid news of unexpected tariffs imposed on Mexican goods. The USD/MXN pair was up 2.2% to 19.5583 by 12:50 AM ET(04:20 GMT). The Mexican peso is now near three-month lows against the dollar after U.S. President Donald Trump unexpected said the U.S. will slap a 5% tariff on all goods coming from Mexico. The tariff will kick in from June 10 and will last
Read in Investing.com: https://apple.news/AwPRcT_
Forex May 31, 2019 04:56 GMT Investing.com - The Japanese yen rose on Friday in Asia amid safe-haven demand, while the Mexican Peso slumped amid news of unexpected tariffs imposed on Mexican goods. The USD/MXN pair was up 2.2% to 19.5583 by 12:50 AM ET(04:20 GMT). The Mexican peso is now near three-month lows against the dollar after U.S. President Donald Trump unexpected said the U.S. will slap a 5% tariff on all goods coming from Mexico. The tariff will kick in from June 10 and will last
Read in Investing.com: https://apple.news/AwPRcT_
HEALTH / SCIENCE
U.S. measles cases reach highest level in 27 years
Public health officials worry the U.S. could lose its measles elimination status.
Read in NBC News: https://apple.news/AJyYHvV-
Public health officials worry the U.S. could lose its measles elimination status.
Read in NBC News: https://apple.news/AJyYHvV-
No end in sight to rising drug prices, study finds
Researchers say bold bipartisan action is needed to stem the rising cost of popular prescription drugs that treat cancer, diabetes and other conditions.
Read in NBC News: https://apple.news/
Heritage Pharmaceuticals to pay $7 million to settle price-fixing allegations
WASHINGTON (Reuters) - Heritage Pharmaceuticals has agreed to pay more than $7 million to settle allegations that it fixed the prices of several medicines, including a key diabetes drug, the Justice Department said. The company, a subsidiary of India-based Emcure Pharmaceuticals, is accused of working with other generic drug makers to fix prices and rig bids for medicines like glyburide, a diabetes drug. The company also settled allegations that it paid kickbacks for drugs that were funded by
Read in Business Insider: https://apple.news/AezjuZHZCT-
The Health Benefits of Strawberries
This tasty fruit is packed with nutritional value.
Read in Health.com: https://apple.news/
Experts Say You Should Know These Things Before Testing For Lyme Disease
Lyme disease is a growing epidemic, with cases more than doubling in the U.S. from 22,000 in 2004 to 48,000 in 2016. But even more people than that likely have Lyme disease and don't know it. The typical Lyme disease tests — the Western Blot and…
Read in Bustle: https://apple.news/
Breast cancer drug gives new hope to young women with disease by improving survival by 50 per cent
Young women with incurable breast cancer have been offered new hope after a “fantastic” drug combination was found to boost survival by more than 50 per cent.
Read in The Telegraph: https://apple.news/
How financial issues impact your mental health
When you are struggling financially, it can have a very real effect on your health. Here are some ways that mental health can be impacted by your finances.
Read in Ladders: https://apple.news/Aay_
USA / CANADA
Mexico tariff announcement fallout
Mexico's foreign minister is in Washington this morning for an emergency meeting at the White House in response to President Trump's escalating tariff threats against that country. The president's latest salvo calls for imposing a 5% tariff later this month with further increases to come -- unless Mexico can stem the flow of undocumented immigrants at the southern border. The tariff threat rattled Wall Street Friday. Natalie Brand reports.
Read in CBS News: https://apple.news/
Tariff threat against Mexico confirms a deal's not a deal with Trump: Don Pittis
Everyone knows politicians sometimes fail to keep their word. But when an entire country gives its word, businesses generally assume they can count on it. Not so in the era of U.S. President Donald Trump, as shown by his latest tariff threat against trade partner Mexico.
Read in CBC News: https://apple.news/As_
Costco warns 'prices will go up' due to new tariffs
Retail giant Costco says it will likely have to raise prices due to the ongoing trade war between the U.S. and China.
Read in The Hill: https://apple.news/
Retail giant Costco says it will likely have to raise prices due to the ongoing trade war between the U.S. and China.
Read in The Hill: https://apple.news/
Trump’s Mexico tariffs could decimate the auto industry while it’s most vulnerable
Already having laid off the highest number of employees in nearly a decade and attempting to recover from a year in which declining global car sales likely reduced world GDP by 0.2%, the auto industry is facing a direct hit from President Trump's threatened tariffs on all goods from Mexico.
Read in Axios: https://apple.news/
EMERGING MARKET
Brazil eyes fiscal boost as economy flirts with recession
Brazil's government is looking at assembling a fiscal stimulus package worth around 20 billion reais ($5 billion) to revive flagging growth and prevent the economy from falling back into recession, sources told Reuters.
Read in Reuters: https://apple.news/
Brazil's government is looking at assembling a fiscal stimulus package worth around 20 billion reais ($5 billion) to revive flagging growth and prevent the economy from falling back into recession, sources told Reuters.
Read in Reuters: https://apple.news/
Sugar trader Czarnikow joins ethanol trading venture in Brazil
British sugar trader Czarnikowhas entered as a partner in a new ethanol trading company inBrazil, in a joint venture with a group of local investors whocontrol sugar and ethanol plants, according to documentsreleased on Friday by the Brazilian government.
Read in Reuters: https://apple.news/A_q-
British sugar trader Czarnikowhas entered as a partner in a new ethanol trading company inBrazil, in a joint venture with a group of local investors whocontrol sugar and ethanol plants, according to documentsreleased on Friday by the Brazilian government.
Read in Reuters: https://apple.news/A_q-
Brazil Establishes Committee for Cryptocurrency Regulation
The President of the Chamber of Deputies of Brazil has ruled to create a commission to consider cryptocurrency regulation in the country
Read in Cointelegraph: https://apple.news/
The President of the Chamber of Deputies of Brazil has ruled to create a commission to consider cryptocurrency regulation in the country
Read in Cointelegraph: https://apple.news/
Brazil snubs Venezuelan opposition envoy as doubts rise on Guaido
Brazil withdrew an invitation to the envoy for Venezuelan opposition leader Juan Guaido to present her diplomatic credentials, she said on Friday, and the government in Brasilia said it would decide later whether to accept them.
Read in Reuters: https://apple.news/
Brazil withdrew an invitation to the envoy for Venezuelan opposition leader Juan Guaido to present her diplomatic credentials, she said on Friday, and the government in Brasilia said it would decide later whether to accept them.
Read in Reuters: https://apple.news/
Norwegian diplomat pushes Venezuela talks against the odds
If there's a negotiated settlement to Venezuela's protracted crisis, it'll likely be reached with the help of a self-effacing Scandinavian diplomat with a fondness for distance running
Read in ABC News: https://apple.news/
If there's a negotiated settlement to Venezuela's protracted crisis, it'll likely be reached with the help of a self-effacing Scandinavian diplomat with a fondness for distance running
Read in ABC News: https://apple.news/
U.S. emergency aid to be distributed to Venezuelans in Colombia
The aid is expected to be distributed to about 1.2 million migrants who’ve crossed into Colombia, fleeing hyperinflation and food shortages in Venezuela.
Read in NBC News: https://apple.news/ADtS_
The aid is expected to be distributed to about 1.2 million migrants who’ve crossed into Colombia, fleeing hyperinflation and food shortages in Venezuela.
Read in NBC News: https://apple.news/ADtS_
Venezuela healthcare collapse: Four children die in same hospital this month
Under a wooden arch decorated with white balloons in a small house in Caracas' largest slum, the body of 11-year-old Erick Altuve lay in a small coffin covered in cuddly toys and cartoon drawings, one of four children who have died this month in Venezuela's main pediatric hospital.
Read in Reuters: https://apple.news/
Under a wooden arch decorated with white balloons in a small house in Caracas' largest slum, the body of 11-year-old Erick Altuve lay in a small coffin covered in cuddly toys and cartoon drawings, one of four children who have died this month in Venezuela's main pediatric hospital.
Read in Reuters: https://apple.news/
The US-China trade war just sparked a $14.6 billion exodus from emerging markets
Visitors run away as waves caused by a tidal bore surge past a barrier on the banks of Qiantang River, in Hangzhou, Zhejiang province August 13, 2014. Investors pulled $5.7 billion out of emerging markets in May - the largest monthly EM outflow in six years, according to the Institute of International Finance. The trade war between the US and China "impacted equity flows heavily," the IIF said. Visit Markets Insider's homepage for more stories. The trade war between the US and China that's
Read in Business Insider: https://apple.news/Ag-
Visitors run away as waves caused by a tidal bore surge past a barrier on the banks of Qiantang River, in Hangzhou, Zhejiang province August 13, 2014. Investors pulled $5.7 billion out of emerging markets in May - the largest monthly EM outflow in six years, according to the Institute of International Finance. The trade war between the US and China "impacted equity flows heavily," the IIF said. Visit Markets Insider's homepage for more stories. The trade war between the US and China that's
Read in Business Insider: https://apple.news/Ag-
Why 'economic growth at all costs' doesn't always work
When a government is trying to lift its citizens out of poverty, a big part of its development plan is usually focused on economic growth. But according to Achim Steiner, administrator of the United Nations Development Programme, addressing global poverty is about more than just growth. It's also about how governments use that newfound wealth and how much they invest in the public good.
Read in CNBC: https://apple.news/
When a government is trying to lift its citizens out of poverty, a big part of its development plan is usually focused on economic growth. But according to Achim Steiner, administrator of the United Nations Development Programme, addressing global poverty is about more than just growth. It's also about how governments use that newfound wealth and how much they invest in the public good.
Read in CNBC: https://apple.news/
Tornadoes wreak havoc in Chile
House are destroyed, power lines cut and vehicles damaged as unusual weather hits the south of the country.
Read in BBC News: https://apple.news/
House are destroyed, power lines cut and vehicles damaged as unusual weather hits the south of the country.
Read in BBC News: https://apple.news/
Trump’s tariff threat sends Mexico, lawmakers and businesses scrambling
President Trump’s decision to punish Mexico with tariffs sent markets plunging and prompted pushback from Mexico, business groups and lawmakers.
Read in The New York Times: https://apple.news/
President Trump’s decision to punish Mexico with tariffs sent markets plunging and prompted pushback from Mexico, business groups and lawmakers.
Read in The New York Times: https://apple.news/
MIDDLE EAST
Iraq leads with neutrality in a deeply partisan Middle East
Iraq leads with neutrality in a deeply partisan Middle East
Read in TRT World: https://apple.news/AoUe1M7G-
Iraq leads with neutrality in a deeply partisan Middle East
Read in TRT World: https://apple.news/AoUe1M7G-
Blast walls removed in Baghdad
The Iraqi capital of Baghdad suffered greatly following the U.S.-led invasion in 2003 and from the growth of the ISIS terror network that followed. Now America and Iraq have claimed victory of ISIS and the ancient city has been brought back to life, but with new tensions in the region some wonder if it can last. Roxanna Saberi reports.
Read in CBS News: https://apple.news/
The Iraqi capital of Baghdad suffered greatly following the U.S.-led invasion in 2003 and from the growth of the ISIS terror network that followed. Now America and Iraq have claimed victory of ISIS and the ancient city has been brought back to life, but with new tensions in the region some wonder if it can last. Roxanna Saberi reports.
Read in CBS News: https://apple.news/
Iraq to Convey Iran’s Proposal to Saudi Arabia, UAE, Bahrain
Iraq’s ambassador to Tehran has said that his country would convey the Iranian proposal for a regional non-aggression pact to the Saudi, Emirati and Bahraini authorities.
Read in IFP News: https://apple.news/
Iraq’s ambassador to Tehran has said that his country would convey the Iranian proposal for a regional non-aggression pact to the Saudi, Emirati and Bahraini authorities.
Read in IFP News: https://apple.news/
Mecca summit supports Palestinians, backs Saudis in Iran standoff
Political leaders and heads of state from Islamic nations on Saturday condemned countries who have made the "illegal and irresponsible decision" to recognise Jerusalem as the capital of Israel. In a joint statement at the end of a summit of the 57-member Organization of Islamic Cooperation (OIC) in Mecca, Saudi Arabia the leaders called on countries who have moved their embassies to Jerusalem to rethink their strategy which they said constituted "a serious violation of international law and
Read in Aljazeera: https://apple.news/ALczfh9-
Political leaders and heads of state from Islamic nations on Saturday condemned countries who have made the "illegal and irresponsible decision" to recognise Jerusalem as the capital of Israel. In a joint statement at the end of a summit of the 57-member Organization of Islamic Cooperation (OIC) in Mecca, Saudi Arabia the leaders called on countries who have moved their embassies to Jerusalem to rethink their strategy which they said constituted "a serious violation of international law and
Read in Aljazeera: https://apple.news/ALczfh9-
Saudi king warns attacks on oil stations threaten global supply
King Salman accuses Iran-backed groups of drone strikes on oil tankers at third and final summit of Gulf and Arab leaders Saudi Arabia’s King Salman has said that attacks on Saudi oil assets last month are a threat to global oil supplies and regional security, while again accusing Iran-backed groups of carrying them out. “The drone attacks on Saudi oil pumping stations carried out by groups supported by Iran not only threaten the security of the kingdom and the Gulf, but also threaten maritime
Read in the guardian: https://apple.news/
King Salman accuses Iran-backed groups of drone strikes on oil tankers at third and final summit of Gulf and Arab leaders Saudi Arabia’s King Salman has said that attacks on Saudi oil assets last month are a threat to global oil supplies and regional security, while again accusing Iran-backed groups of carrying them out. “The drone attacks on Saudi oil pumping stations carried out by groups supported by Iran not only threaten the security of the kingdom and the Gulf, but also threaten maritime
Read in the guardian: https://apple.news/
Palestinians say U.S. 'deal of the century' will finish off their state
The U.S. blueprint to end the conflict between Israel and the Palestinians, still in draft form after almost two years, is seen by Palestinians, and by some Arab officials and politicians, as a plan to finish off the Palestinian cause.
Read in Reuters: https://apple.news/
Iranians are more worried about their battered economy than a war with the U.S.
They say they are already living in a war economy because of severe U.S. sanctions.
Read in The Washington Post: https://apple.news/AH9Dw_
Iran warns any clash in the Gulf would push oil prices above $100
LONDON (Reuters) - U.S. military vessels in the Gulf are within range of Iranian missiles, a top military aide to Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday,...
AFRICA
Zimbabwe Running Out of ARVs As RBZ Fails to Release Forex
More than 1.4 million people who are on Anti Retroviral (ARV) drugs are in danger of running out of the medication as the Reserve Bank of Zimbabwe (RBZ) is alleged to be refusing to release a sum of US$6 million that is required by the National AIDS Council of Zimbabwe (NAC) for the procurement of the critical drug. Coordinator for Country Coordinating Mechanism (CCM) Oscar Mundida said NAC is yet to access the money which is meant to settle arrears they owe to ARV suppliers. Mundida told
Read in AllAfrica: https://apple.news/AHCS4_
Zimbabwe: Great Opportunity to Tackle Health Sector Woes
OFFICIALS from the ministries of Health and Child Care and Finance, University of Zimbabwe's medical school, donor agencies, non-governmental organisations and civil society, entrepreneurs, researchers, academia, as well as private sector players will in June converge on the resort town of Victoria Falls to proffer solutions to a plethora of challenges facing the health sector....
Read in Healthtian: https://apple.news/
South Sudan Reacts Angrily to Renewed UNSC Sanctions
South Sudan's government is reacting angrily to the United Nations Security Council's move to renew sanctions on that country for another year, including an arms embargo. A South Sudan official warned continuing sanctions would weaken the government and embolden holdout groups that refused to sign the revitalized peace deal. After repeated failed attempts, the Security Council imposed sanctions on South Sudan last year following five years of fighting that caused hundreds of thousands of deaths
Read in AllAfrica: https://apple.news/
Mozambique says agrees restructuring deal with bondholders
Mozambique’s finance ministry said on Friday that it had reached a restructuring deal in principle with holders of its defaulted 2023 bonds and that the new arrangement would not offer creditors instruments linked to future gas revenues. It had said last year it would share future revenues from gas projects as part of the restructuring...
Read in FurtherAfrica: https://apple.news/
ASIA
China raises tariffs on US goods amid escalating tensions
China raises tariffs on US goods amid escalating tensions
Read in TRT World: https://apple.news/
China to Lay out Trade-Talk Position on Sunday in Beijing
China said it will lay out its position on trade talks with the U.S. in a white paper and hold a rare press conference on the issue on Sunday, an announcement that came hours after it implemented retaliatory tariff increases against the U.S.
Read in Bloomberg: https://apple.news/
China blames US for trade dispute, 'unacceptable demands'
China has issued a report blaming the United States for a trade dispute and says it won't back down on "major issues of principle."
Read in ABC News: https://apple.news/Au_
China has issued a report blaming the United States for a trade dispute and says it won't back down on "major issues of principle."
Read in ABC News: https://apple.news/Au_
China to investigate whether FedEx harmed client interests: Xinhua
China will open an investigation into whether FedEx Corp damaged the legal rights and interests of its clients, the official Xinhua news agency reported on Saturday.
Read in Reuters: https://apple.news/Auu41Y-
China Launches Investigation Into FedEx in Trade War Escalation
China is launching an investigation into FedEx Corp. for the wrongful delivery of packages, the state-run Xinhua News Agency reported on Saturday.
Read in Bloomberg: https://apple.news/
China says U.S. actions on Taiwan, South China Sea threaten stability
The United States' actions on Taiwan and the South China Sea are hardly conducive to maintaining stability in the region, a senior Chinese military official said on Saturday, responding to comments by acting U.S. Defense Secretary Patrick Shanahan.
Read in Reuters: https://apple.news/
China says U.S. actions on Taiwan, South China Sea threaten stability
The United States' actions on Taiwan and the South China Sea are hardly conducive to maintaining stability in the region, a senior Chinese military official said on Saturday, responding to comments by acting U.S. Defense Secretary Patrick Shanahan.
Read in Reuters: https://apple.news/
Airbus issues warning over escalation of U.S.-EU dispute
Airbus Chief Commercial Officer Christian Scherer told CNBC that the proposed tariffs "defy economic logic."
Read in CNBC: https://apple.news/Axw-3hI-
Brexit was a 'triumph of democracy'
US National Security Advisor John Bolton has claimed that leaving the European Union would allow the nation to become a 'strong and independent country'.
Read in Daily Mail: https://apple.news/
John McDonnell: 'I cry all the time'
John McDonnell, a self-admitted Marxist who is today in Madrid to watch Liverpool play Tottenham, warned against the Brexit Party and also said the Soviet Union 'was never socialism'.
Read in Daily Mail: https://apple.news/
Why Britain is days from a political earthquake that will shape the future of Brexit
After the seismic events of recent weeks, it might seem strange to predict that another political earthquake is approaching, but one certainly is. Its epicentre and timing are also at this point known; Peterborough Town Hall after the votes in next Thursday’s by-election are in.
Read in The Independent: https://apple.news/
The European Banking Authority Leaves London
As preparations for Brexit gather pace, what does the future hold for the U.K.'s important financial services sector?
Read in Forbes: https://apple.news/AIc_
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Monday 6/3/19 did update on the indicative rates Sell Rate 1190
The currency auction is 158,830,981
There is one news and announcements.
The initiative of the Central Bank to train graduates for free
The Central Bank of Iraq initiated the opening of free courses for the training of graduates of specializations.June 03, 2019The Central Bank of Iraq initiated the opening of free courses for the training of graduates of economic specialties in order to introduce them in the labor market.
A statement issued by the Central Bank of Iraq that the Governor of the Central Bank Ali Mohsen Ismail adopted an initiative to train unemployed graduates with a theoretical course, complemented by practical work through the coordination of the Banking Control Department with a group of private banks to enrich the successful trainees with an applied experience that qualifies the graduates to work in the sector The banker.
The Central Bank's Banking Studies Center received 1734 requests to participate in these free courses as preliminary proceeds. The statement said that the Center has implemented 3 courses in 2018 and the number of graduates selected was 75 as a payment. Of the 600 graduates chosen by the Bank to participate in these courses.
It is noteworthy that the Central Bank published on its website the conditions of participation in these courses, to give the graduates certificates of participation at the end of the session.
Central Bank of Iraq
information Office
Bg 2019
The Central Bank of Iraq initiated the opening of free courses for the training of graduates of specializations.June 03, 2019The Central Bank of Iraq initiated the opening of free courses for the training of graduates of economic specialties in order to introduce them in the labor market.
A statement issued by the Central Bank of Iraq that the Governor of the Central Bank Ali Mohsen Ismail adopted an initiative to train unemployed graduates with a theoretical course, complemented by practical work through the coordination of the Banking Control Department with a group of private banks to enrich the successful trainees with an applied experience that qualifies the graduates to work in the sector The banker.
The Central Bank's Banking Studies Center received 1734 requests to participate in these free courses as preliminary proceeds. The statement said that the Center has implemented 3 courses in 2018 and the number of graduates selected was 75 as a payment. Of the 600 graduates chosen by the Bank to participate in these courses.
It is noteworthy that the Central Bank published on its website the conditions of participation in these courses, to give the graduates certificates of participation at the end of the session.
Central Bank of Iraq
information Office
Bg 2019
ISX Update:
Value Traded
1,062,435,800
Shares Traded
1,958,038,408
ISX ended in Red
Kauaihn Chatter:dd
6-2-2019 Newshound Guru MilitiaMan Article: "Daily rates of the exchange rate of the Iraqi dinar against the US dollar in the markets of Iraq" More direct data that once the rate changes, the spread sheet can be updated and reported accordingly in the same effective format.. imo.
6-2-2019 Intel Guru Delta Report: "Currency and Price Stability" [...so this is saying that IF the dinar was international, the rate would be somewhere in the $1.71 to $2+?.] IN 2017 [the dinar] WAS WORTH 1.71 BUT NOW IT SHOULD BE WORTH AT LEAST IN A MID 2 RANGE...BUT WE DON'T KNOW WHAT THEY WILL DO UNTIL CBI POST THE NEW RATE...WE KNOW SHABIBI SAID IN THE PAST THAT THE GOAL IS TO MAKE THE IQD LIKE IT USED TO BE IN 70-80 ...AROUND $2.85...BUT AGAIN WE DON'T KNOW IF THE PLAN STILL THE SAME ...
6-2-2019 Newshound Guru MilitiaMan Article: "The Iraqi Central Bank is preparing to open up to the world" Quote: "...the implementation of this survey comes as a result of the spread of this profession, which is due to the private sector taking the foreign and internal transfers, after being confined to the Central Bank of Iraq." Wow...They are going public (private) and global. The money is going international... Wow...This is huge...imo! They are now not confined. They are opening up to the world just as they said they would. The Private Sector is now going to drive capital formation. Exactly why they have been talking about the citizens and there savings. The private sector doing internal and foreign transfers of money is an international thing. That has requirements and rules to follow ...Sure looks like more signs of article 8... ...The CBI told us they were to expand the exchange rate and the gold database. Now this one is telling us they are doing things with transfers...Gotta love the timing. imo.
6-2-2019 Intel Guru Delta Report: "Currency and Price Stability" [...so this is saying that IF the dinar was international, the rate would be somewhere in the $1.71 to $2+?.] IN 2017 [the dinar] WAS WORTH 1.71 BUT NOW IT SHOULD BE WORTH AT LEAST IN A MID 2 RANGE...BUT WE DON'T KNOW WHAT THEY WILL DO UNTIL CBI POST THE NEW RATE...WE KNOW SHABIBI SAID IN THE PAST THAT THE GOAL IS TO MAKE THE IQD LIKE IT USED TO BE IN 70-80 ...AROUND $2.85...BUT AGAIN WE DON'T KNOW IF THE PLAN STILL THE SAME ...
6-2-2019 Newshound Guru MilitiaMan Article: "The Iraqi Central Bank is preparing to open up to the world" Quote: "...the implementation of this survey comes as a result of the spread of this profession, which is due to the private sector taking the foreign and internal transfers, after being confined to the Central Bank of Iraq." Wow...They are going public (private) and global. The money is going international... Wow...This is huge...imo! They are now not confined. They are opening up to the world just as they said they would. The Private Sector is now going to drive capital formation. Exactly why they have been talking about the citizens and there savings. The private sector doing internal and foreign transfers of money is an international thing. That has requirements and rules to follow ...Sure looks like more signs of article 8... ...The CBI told us they were to expand the exchange rate and the gold database. Now this one is telling us they are doing things with transfers...Gotta love the timing. imo.
6-2-2019 Newshound/Intel Guru Mnt Goat Article: "SIEMENS HAS STARTED WORK ON CONTRACTS FOR THE FIRST PHASE OF IRAQ'S ELECTRICITY DEVELOPMENT IN IRAQ" We know that within the project to delete the zeros includes electronic banking. Oh -this means they need electricity….right? So can you see how having electricity 24/7 again throughout Iraq can only help in this process. Lets’ see you have the banks that need it for international transfers of funds, ATM machines need it, merchant shops for Point of Sale transactions need it, etc, etc,. So this is a really good this to push Iraq forward. Is this the hold up for the reinstatement? NO! But it can only help.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1-A (from PM Mahdi's website; posted only on Arabic side, not on English side)
The Cabinet holds its ordinary session under the chairmanship of the Prime Minister, Adel Abdul Mahdi, June 2, 2019
The Council of Ministers held its regular session on Sunday under the chairmanship of the Prime Minister, Mr. Adel Abdul-Mahdi. The Council discussed a number of developments and the development of the electrical system and the issues prepared for the agenda and issued several resolutions, including: the approval of the Council to authorize the Governor of Kirkuk to approve the Kirkuk projects 2019.
The Council of Ministers approved a draft system for determining the basis and amount of compensation and reward for those covered by the provisions of the Law for the Protection of Witnesses, Experts, Detainees and Rescuers No. 58 of 2017.
The Council decided to approve the solution of the strategic problems based on the national staffing of the Ministry of Higher Education and Scientific Research, as in the rest of the ministries.
The Council of Ministers approved the draft law on the accession of the Republic of Iraq to the 1992 International Convention on Civil Liability for Oil Pollution Damage.
The Council approved the Third Amendment Bill for the Implementation of Irrigation Projects No. 138 of 1971.
The Council of Ministers also decided to amend the provisions of the implementation of the Federal Budget Law for the fiscal year 2019 on the competence of the competent minister and the head of the non-associated ministry in giving goods and services, The Board also decided to change the name of the gas filling company to become a gas filling and services company.
Media Office of the Prime Minister
2 June 2019
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ARTICLE 1-B (from PM Mahdi's website; posted only on Arabic side, not on English side)
National Security Council holds its periodic meeting under the chairmanship of the Prime Minister and the Commander-in-Chief of the Armed Forces Mr. Adel Abdel-Mahdi
The National Security Council held its regular meeting today under the chairmanship of the Prime Minister and Commander-in-Chief of the Armed Forces, Adel Abdul Mahdi, And the meeting was devoted to trading in the conditions of the province of Kirkuk, in the presence of the governor of Kirkuk and the commander of operations in the province, where the evaluation of the status of the province in all aspects of administrative, security and service.
The Prime Minister stressed the security situation in the province of Kirkuk is controlled despite the overlaps and complications. Security solutions must be pursued and strengthened by political efforts and full cooperation between all parties without exclusion of any party and under one Iraq and unified national will. Statements that do not serve security and stability in the province, stressing that the Daash is the only enemy and must continue to pursue the remnants.
He added that the diversity of the province of Kirkuk and the interventions taking place in them require cooperation between the federal and local government and the government of the region and its forces and to give priority to the supreme interest in preserving the national unity and serves all components, pointing out that the bombings with improvised explosive devices were greatly exaggerated and exaggerated in addition to media statements escalation.
The National Security Council has also decided to endorse the recommendations on reforming the reform Nineveh governorate and reducing the number of prisoners there.
Media Office of the Prime Minister
2 June 2019
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ARTICLE 2 (from Government of Iraq twitter account)
@IraqiGovt 6-2-2019 around 7:45 am Eastern
We should expand green spaces so we can reduce temperatures and pollution” says Marsoum Athab who works at the Agriculture Directorate in Diwaniyah. Learn more about his role in building a greener Iraq in the next episode of #DedicatedToService.
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 6-3-2019 around 4:45 am Eastern
The Cabinet holds its weekly meeting in Baghdad. Learn about the key decisions here:
Cabinet reviews measures to improve electricity provision and other public services
The Cabinet held its regular meeting in Baghdad on Sunday under the chairmanship of Prime Minister, Mr. Adil Abd Al-Mahdi.
The Cabinet reviewed measures to improve electricity supply across Iraq and to increase the grid capacity to deliver a more reliable service to homes and businesses.
The Cabinet also reviewed progress to improve the delivery of other key public services.
The Cabinet voted to grant the Governor of Kirkuk the authority to approve the province’s investment plan for 2019.
The Cabinet approved a draft law on the accession of the Republic of Iraq to the 1992 International Convention on Civil Liability for Oil Pollution Damage, known as the ‘CLC Convention’.
The Cabinet also discussed a range of other policies and draft laws.
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ARTICLE 3
The Cabinet issues important decisions, including the system of determining the amount of compensation under the provisions of the Witness Protection Law
2019/6/2 21:17
[Baghdad]
The Cabinet held its regular session on Sunday, chaired by Prime Minister Adel Abdul Mahdi.
"The council discussed a number of developments and the development of the electrical system and the issues prepared for the agenda, and issued several resolutions, including the approval of the Council to authorize the governor of Kirkuk the authority to approve the Kirkuk investment projects plan for 2019," a statement from his office.
"The Council of Ministers also approved a draft system for determining the basis and amount of compensation and reward for those covered by the provisions of the Law on the Protection of Witnesses, Experts, Detainees and Rescuers No. 58 of 2017, while the Council decided to approve the solution of the strategic problems by relying on the national staff in the Ministry of Higher Education and Scientific Research, The rest of the ministries. "
He added that "the Council of Ministers also approved the draft law on the accession of the Republic of Iraq to the International Convention on Civil Liability for Oil Pollution Damage for 1992, while approved the draft law of the third amendment to the law of implementation of irrigation projects No. [138] of 1971.
The statement also pointed out that "the Council also decided to amend the instructions to implement the Federal Budget Law for the fiscal year 2019 on the competence of the competent minister and the head of the non-associated with the Ministry in the provision of goods and services, and decided to change the name of the gas filling company to become a filling company and gas services."
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ARTICLE 4
Parliamentary finance sets the date for voting on the amendment of the law of the salary ladder
12:31 - 03/06/2019 ..
The Parliamentary Finance Committee confirmed on Monday that the House of Representatives will vote on the amendment of the law of the salaries of employees after the holiday of Eid al-Fitr, adding that the amendment will equal all employees of the certificates and technical and administrative addresses of all ministries.
"The House of Representatives has completed the first and second readings to amend the law of the salaries of employees and will be presented to the vote after the holiday of Eid al-Fitr directly," MP Ahmad Hama Rashid said in a statement.
"The new amendment to the law will bring justice among all employees in all ministries and government institutions and eliminate all differences between the ministry and the other where the salaries and allowances will be uniform for all."
He explained that "the adoption of amendments will end the phenomenon of seeking mediation to move from one ministry to another in order to obtain a good salary and the new amendment will disappear that phenomenon." Ending / 25
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ARTICLE 5
Expectations of the vision of Hilal Eid according to the office of Mr. Sistani
2019/6/2 13:20
[Najaf - where]
The Office of the Supreme Religious Authority, Grand Ayatollah Ali al-Sistani, revealed his expectation of seeing the Eid al-Fitr this year.
"It is expected that the crescent of the month of Shawwal will be on the evening of Tuesday [29/4/1440 AH] corresponding to [4 June 2019] in the horizon of the holy city of Najaf at sunset at 7:05 pm ] ".
"In this case he expects to see the crescent weak.
As stated in the introduction to the book, "These calculations do not represent the opinion of the religious authority, but are merely astronomical expectations, because the beginning of the lunar months depends on proving the vision of the crescent, so we hope all believers to monitor the calamities of the months according to the data mentioned in this booklet and let us see if possible that".
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ARTICLE 6
Libyan officials reveal indications of al-Baghdadi's presence in Libya
2019/6/2 13:11
[Follow-up]
Some of the signs bear the hallmarks of the presence of Abu Bakr al-Baghdadi in Libya, but there is no clear evidence at the moment, Libyan officials said.
Officials warned of the implementation of "terrorist operations in the coming period in any Libyan region, especially after the arrival of weapons and ammunition to Tripoli, which can be used in operations in the west or the east as well as the south of Libya," they said.
"There is no conclusive evidence so far about the presence of al-Baghdadi in the Libyan territory, but there are indications that this is possible," said Talal al-Mayhoub, head of Libya's National Defense and National Security Committee.
"The arrival of terrorist elements from Syria and Iraq has several nationalities in the past period, and the arrival of military consignments, weapons and ammunition indicates that the organization and its leaders are seeking to benefit from the situation in Tripoli," he said in a special statement carried by SPOTNIK on Saturday. And militias belonging to the militias and the Muslim Brotherhood in Libya, in order to repel the operation of the Libyan army, and then start to build their bases, but they will not succeed, "he said.
He stressed that "the fertile environment is now present in Tripoli and Misrata, and that Abu Bakr al-Baghdadi if found will be in Tripoli or Misratah or between them."
"The international community is closely following the transfer of arms and ammunition to the capital of Tripoli from Turkey, violating international law and Security Council resolutions, and that requires urgent measures to stop these operations," he said.
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