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Chinese military conducts live-fire drills, weapons tests

China's Defense Ministry said on Tuesday that the test of the guided missiles was conducted " in recent days " in the northeastern Bohai Sea. The operations were created to raise operational capability "to effectively deal with national security threats", the statement added.

Business

Made-in-China passenger plane makes maiden flight

The C919, China's first domestically designed and built large airliner, took off Friday afternoon from Shanghai Pudong International Airport into hazy skies with a five-person crew aboard. "We are very confident that the C919 will play a more important role in the world aviation industry", said Olivier Dubroeucq, Safran executive vice president of the COMAC and AVIC Programs.

Business

Saudi Arabia Says Trump Visit Is a Step to Halt Iran

Washington , London - US President Donald Trump will kick off his first global trip as president by visiting Saudi Arabia later this month, a stop, which he said, would be historic. "It's a very clear message to the world that the USA and the Arab Muslim countries can form a partnership", Jubeir said. They will " discuss a range of regional issues ", including " ways to advance a genuine and lasting peace between the Israelis and Palestinians ", the White House said in a statement .

Business

Portugal wins the Eurovision Song Contest

Blanche from Belgium performs the song "City Lights" during rehearsals for the Eurovision Song Contest, in Kiev, Ukraine, Friday, May 12, 2017. The competition will also be easy to watch for English-speaking viewers. Her chances in the televise were handed a boost, after she was allocated a traditionally well-performing slot in the Grand Final running order. "I think politics shouldn't intervene", said Liza Ignatieva, a 21-year-old university student in Moscow.

Business

National Ad Buy Boosts House GOPers Who Supported Obamacare Repeal Bill

House of Representatives Democratic leader Nancy Pelosi has threatened that GOP members will "glow in the dark" over their vote. Dems look to curb Trump's nuclear strike powers MORE (D-Mass.) says that it is "impossible" for House and Senate Republicans to agree on a plan to repeal and replace ObamaCare.

Business

China and US reach agreement on beef, poultry, natural gas

Department of Commerce said. This included language that appears to pave the way for US firms to export liquid natural gas to China , the expediting of Chinese safety reviews for USA biotechnology applications, and cooperation between Chinese and USA regulators over financial transactions.

Business

AG Jeff Sessions reverses end Smart On Crime initiative

In a speech later on Friday, Sessions said the move was meant to ensure that prosecutors would be "un-handcuffed and not micro-managed from Washington " as they worked to bring the most significant cases possible. Johnson, a former police chief, said the opioid scourge has introduced a new kind of addict: those who became hooked after receiving a prescription for pain.

Business

Crude oil prices at lowest level in five months

While OPEC's curbs drove oil in early January to the highest since July 2015, that increase encouraged U.S. drillers to pump more. Both were on track for their biggest daily percentage declines March 8. Front-month Brent crude trading volume rose to the highest on record with almost 525,000 lots changing hands, according to Reuters data that extends back to 1988.

Business

'I was a little bit surprised' over backlash against Comey's firing

You know Sean Spicer , he is a wonderful human being, he's a nice man". Trump has drawn heavy Democratic ire for dismissing Comey on Tuesday, particularly from Senate Minority Leader Chuck Schumer of NY, though Trump has retorted that Democrats wanted Comey gone past year after speaking publicly about the Hillary Clinton email investigation.

Business

Vettel fears lock up cost him pole

It was the 64th pole of Hamilton's career, lifting him to within one of his childhood hero Brazilian Ayrton Senna, on 65, and four from German Michael Schumacher on 68. "It was very close, but well done to Lewis", said Vettel. "I'm super proud that we can get back up there". "I had just missed an opening on the track so that is why l had time to ask if we were sure because l had to go round Turn Four and look for another opening".

Business

Pennsylvania Real Estate Investment Trust (NYSE:PEI) Under Analyst Spotlight

Shares of The AES Corporation (NYSE:AES) surged 2.03% to $11.57. Scotia Capital maintained the shares of GRT.UN in report on Thursday, November 3 with "Sector Perform" rating. On Wednesday, December 7 McAuliffe John P bought $23,850 worth of Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR ) or 15,000 shares. They now have a United States dollars 9.1 price target on the stock.

Business

Trump Just Said Not To Believe Anything Other White House Officials Say

If you've been missing your daily dose of White House press secretary Sean Spicer, it's because President Donald Trump's chief spokesman has been serving the country in another way: He's been on Navy Reserve duty. But, in addition to the irony that such a phrase slapped on the front page every day surely adds to America's dark mood, that sentiment lacks the humility that all news media outlets are sorely lacking at this time .

Business

Southwest Passengers Get Into Fistfight As Plane Taxis To Gate

At least one camera was rolling when a fight broke out on a Southwest flight on Sunday. Not at all. Unfortunately two knuckleheads, both black, got into argument which of course led to a WWF brawl breaking out on a Southwest Airlines plane.

Business

The debut for Hughes: Canada rookie tied for lead at Players

At least he had company. Oosthuizen picked up birdies on both par 3s on the back nine, and then hit his best shot on the first hole from deep in the woods on pine straw. Thomas ended Thursday with two birdies, an eagle and four bogeys. Garcia's round was different. Spieth and Masters victor Sergio Garcia are level at one over following 73s, the latter's display highlighted by his hole-in-one at the iconic 17th hole.

Business

Trump's tax plan would have severe consequences

Two tax cuts in particular could be especially sweet for Trump himself and his children. Trump is proposing major changes to the USA tax code, and it's expected that either he or his businesses will profit from many of those proposals. All tax deductions other than mortgage interest , charitable deductions and retirement savings will be eliminated, he later reiterated in response to a question from a journalist.

Business

Bernie Sanders Can't Stop Laughing At Trump's Health Care Confession

But Trump told Turnbull: "We have a failing healthcare". Trump's praise for the Australian system came as he met Thursday in NY with Prime Minister Malcolm Turnbull hours after the U.S. Trump was reportedly irritated because he was expected to honour a deal made by his predecessor Barack Obama to accept more than 1,200 refugees. The President said on Twitter after the phone conversation that the deal was "dumb" and that he would study it, raising concerns that the USA might ...

Business

Snap Q1 earnings report: users grow but shares drop

Just last week, Facebook posted revenue growth in the double digits for its first quarter, which it has done consistently since 2012 when it had its initial public offering. He also did not shy away from one query that allowed him to take a feisty jab at Facebook . Most young people using the app were found to believe that they would not be using it once they turned 35, which apparently is the age when people become adults.

Business

Trump's health care and tax plans are very, very unpopular

That move could go farther than the controversial amendment from Rep. Tom MacArthur (R-N.J.) in the House-passed bill, which allows states to apply for waivers to opt out of those ObamaCare regulations. Blum and others are understating the impact of the bill that, if enacted, could drop millions from their insurance by next year. The Quinnipiac poll found that 64% of Americans approved of Obamacare's protections for those with pre-existing conditions , and 75% of voters think it would be a ...

Business

Energy chief: Tunnel hole filled at Hanford N-waste site

Workers began filling the hole Wednesday that opened up when a rail-car tunnel collapsed Tuesday at the Hanford Nuclear Reservation . A gravel road was built to the collapse site, and workers wearing protective suits and breathing masks planned to fill the hole with 50 truckloads of dirt, the Energy Department said.

Business

Oil prices dip to lowest level in five months

The moves are likely to add even further pressure on OPEC members as they prepare for their next meeting on May 25 in Vienna, when they are expected to discuss extending a late-November agreement on production cuts that has, along with participation from Russian Federation, taken 1.8 million barrels of crude from the market each day.

Business

This one photo captures the intensity of the Celtics-Wizards series

Monday night's Game 7 in Boston will be Washington's first since 1979. With the series tied at 3 games a piece, it is important to remember that the home team has won every game this series thus far, . The victor will tip off the Eastern Conference finals Wednesday in Cleveland. "He just made a big play for their team and that's all I can really say", Bradley said.

Business

Moon sets out to mend ties with China

The North did not report the victory of the South's previous president Lee Myung-Bak at all. Mr Moon told Mr Abe that most Koreans could not accept the agreement, according to the Blue House, while Japan's top government spokesman Yoshihide Suga said Mr Abe told him it was "extremely important" to implement it.

Business

North Korea test launches ballistic missile, Seoul confirms

The Japanese government said the North's missile flew for half an hour. It comes days after the election of a new South Korean president. A senior North Korean diplomat who handles relations with the United States said on Saturday Pyongyang would have dialogue with the USA administration if conditions were right, South Korea's Yonhap news agency reported.

Business

G7 finance chiefs in Italy try to gauge Trump's policy plans

According to The AP, "one partner openly pushing back was Canadian Finance Minister Bill Morneau, who rejected as "baseless" duties the United States of America imposed on some Canadian lumber imports". In a final statement , the ministers said, "we reiterate our commitment to worldwide economic and financial cooperation and we remain determined to use all policy tools - monetary, fiscal and structural - individually and collectively to achieve our goal of strong, sustainable, balanced and ...

Business

Consumer prices rebounded 0.2 percent in April

Energy prices rose 1.1% after tumbling 3.2% the previous month. Online stores were once again among the biggest sellers, with sales seeing their biggest gain in five months at 1.4 per cent, up almost 12 per cent over the same month a year ago.

Business

'Consensus emerging for OPEC, non-OPEC to extend output pact'

The contract lost $2.30, or 4.8 percent, to $45.52 on Thursday. "The jobs report is extremely positive for the U.S. economy.and should help boost oil demand", said Mark Watkins, regional investment manager for U.S. WTI Crude is now trading down 5.05 percent at $45.52, with Brent Crude down 4.98 percent at $48.38. "The market appears to have temporarily lost faith in ever seeing an impact of the OPEC cuts on inventories", Michael Cohen, head of energy commodities research at Barclays ...

Business

Saudi Arabia hopes to extend oil cuts to end-2017 or longer

Aramco had previously been maintaining supplies to its important Asian customers. Russian Federation also said it was discussing prolonging cuts with other producers beyond 2017. But questions remain about the effectiveness of OPEC-led cuts, with OPEC member Libya saying production now exceeded 800,000 barrels per day (bpd) for the first time since 2014 and could rise to 1.2 million bpd later this year.

Business

Bank of England holds rate; trims growth forecast

Mr Carney said consumers were beginning to feel the pinch as the pound's plunge since the Brexit vote has pushed up prices. It said growth had fallen "markedly" in the first quarter and added a "slowdown appeared to be in train". Inflation in March was at 2.3%, according to the Office for National Statistics, above the bank's target of 2%. The balance on the MPC remained largely unchanged from the previous meeting apart from the absence of former deputy governor Charlotte Hogg, who ...

Business

Sterling set for first weekly loss in four

The bank now expects inflation to be 2.7% this quarter, up from the 2.4% rate it forecast in February. 'The squeeze that's coming from rising import prices doesn't last forever.we're seeing it pretty acutely right at the moment but it does sort of dwindle over the forecast period and that contributes to a rise in income growth in real terms'.

Business

Roybal-Allard slams Republican health plan

In response to the ObamaCare repeal attempts in Washington D.C., California legislators have begun the process of implementing a "single-payer" system in the state. Participants said the group's work had a long way to go. He said the bill cuts subsidies by more than $300 billion, and changes the subsidy system from income/cost-based to age-based.

Business

Macron team announces candidates for June parliamentary election

Mr. Macron, though the victor of the presidential election on Sunday, could be facing an uphill battle next month as many doubt his new party, Le Republique En Marche!, will be able to form a majority in the National Assembly. France remains in a state of emergency courtesy of terrorism, the economy is stagnant and the battle now is between the Macron "globalists" and the Le Pen "patriots".

Business

Stamp Out Hunger Food Drive

Last year, the food drive collected 85,000 pounds of food in Schenectady County alone. Porter said he's proud of what has happened during those years, with almost 500,000 pounds of food collected for the Cache Community Food Pantry. Volunteers met with the postal workers on their routes to take the deliveries back to the Salvation Army. "Being able to see somebody else possibly have that food every day makes me happy", Webb said.

Business

China To Begin Importing U.S. Beef

Last September, the Chinese agree to lift its ban on USA beef from livestock younger than 30 months, but there was little change in exports. China will allow USA imports of beef no later than July 16, while the United States will issue a proposed rule to allow Chinese cooked poultry to enter US markets.

Business

First made-in-China commercial jet has maiden voyage

The "C" in the aircraft's name stands for both China and COMAC (Commercial Aircraft Corp of China), the number 9 is a symbol for "everlasting", while the 19 represents the aircraft's maximum seat capacity of 190. To meet that demand, Boeing predicts China will need 6,800 new airplanes, valued at $1 trillion, over that time period, as its economy and middle-class continue to grow.

Business

Crude Oil Prices Spike Higher After EIA Inventories Data

The bullish inventories report came in after crude prices dipped 1% when EIA highlighted its near-term outlook for US oil production and reiterates its estimates for oil prices. Gasoline demand rose to the highest since late March to over 9.2 million barrels a day, but still down 2.4% from the same period a year ago, according to the data.


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