Sources: Sebastian Gorka to leave White House

Sebastian Gorka, a controversial national security aide in the White House, is expected to leave his job, several administration officials confirm to CNN. One senior administration official said Gorka is expected to find an opportunity outside the White House soon. Another said it’s possible he would take another job in the administration, but added it’s more likely he will leave altogether. Continue reading “Sources: Sebastian Gorka to leave White House”

Le Pen Targets Left-Wing Voters With Attack on Finance

Far-right French presidential candidate Marine Le Pen increased her rhetoric against global finance on Monday in an effort to rally leftist voters as the National Front leader continues to trail her rival Emmanuel Macron in polls. With six days to go until Sunday’s runoff, Ms. Le Pen used a rally in northern Paris to paint Mr. Macron, a former investment banker, as a proxy for a “wild globalization” that has been widely rejected by French left-wing voters. Continue reading “Le Pen Targets Left-Wing Voters With Attack on Finance”

Pence: Tax plan could increase deficit ‘maybe in the short term’

Vice President Mike Pence on Sunday morning acknowledged that the Trump administration’s tax proposal could increase the deficit, at least at first. “Maybe in the short term,” he said during an exclusive interview on NBC’s “Meet The Press,” while predicting that it would eventually be overcome by economic “growth.” Continue reading “Pence: Tax plan could increase deficit ‘maybe in the short term’”

London’s Deflating House Price Bubble Gets Messier

London’s Deflating House Price Bubble Gets Messier Prices in this hotbed of global wealth fall most since 2009. London’s property market is estimated to be worth as much as the annual GDP of the world’s ninth biggest economy, Brazil. But prices are falling. The last time prices fell so sharply was in May 2009, when the global financial crisis was gaining steam. Continue reading “London’s Deflating House Price Bubble Gets Messier”

N. Korean missile test hours after UN meeting on nukes

A North Korean mid-range ballistic missile apparently failed shortly after launch Saturday, South Korea and the United States said, the third test-fire flop just this month but a clear message of defiance as a U.S. supercarrier conducts drills in nearby waters. North Korean ballistic missile tests are banned by the United Nations because they’re seen as part of the North’s push for a nuclear-tipped missile that can hit the U.S. mainland. Continue reading “N. Korean missile test hours after UN meeting on nukes”

Russian army puts its enormous new remote-controlled robot tank boasting a 30mm automatic gun and six missiles through its paces

The Russian army has been testing a remote-controlled tank at a military base. A video shows the unmanned robot scaling hills, dusty paths and flows of water. At the end of the footage the tank, named The Vikhr, fires from its 30 mm gun. A report from the SIPRI found that Russia is the third biggest military spender. Continue reading “Russian army puts its enormous new remote-controlled robot tank boasting a 30mm automatic gun and six missiles through its paces”

Experts: Long road ahead for Trump offshore drilling order

President Donald Trump’s executive order seeking to find new ocean expanses in the Atlantic and the Arctic for offshore drilling isn’t likely to reach its goals anytime soon, but instead will kick off a yearslong review and legal battle. Trump signed the order Friday aimed at dismantling a key part of former President Barack Obama’s environmental legacy. Continue reading “Experts: Long road ahead for Trump offshore drilling order”

Bailout or bust? Alitalia divides a nation, paralyzes Rome

Italians are watching their flag carrier Alitalia go into yet another financial tailspin, and a growing number of them believe it would be better for the country if it crashed. Outraged at repeated state bailouts that have cost taxpayers more than 7 billion euros ($7.62 billion) over a decade, many Italians are taking to social media to urge the government to resist the political temptation to rush to its rescue again. Continue reading “Bailout or bust? Alitalia divides a nation, paralyzes Rome”

China April manufacturing growth slows faster than expected

Growth in China’s manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price inflation cooled and policymakers’ efforts to reduce financial risks in the economy weighed on demand. The National Bureau of Statistics’ official Purchasing Managers’ Index (PMI) fell to a six-month low of 51.2 in April from March’s near five-year high of 51.8. Continue reading “China April manufacturing growth slows faster than expected”