US Election

Deutsche Bank snubs US demand for Trump family data

Berlin - Muslimchronicle

Germany's Deutsche Bank said Friday it would not disclose any information on its links to US President Donald Trump and his family, rejecting a request from US lawmakers. Democratic members of the House Financial Services Committee had written to the bank in May to ask for documents which they said could help shed light on whether "loans Deutsche Bank madeRead more

Trump ally in Congress steps aside as Russia probe leader

Washington - Arab Today

The Republican leader of the House investigation into Russian interference in the US election announced Thursday he was stepping aside after being criticized for being too close to President Donald Trump. Devin Nunes, the chairman of the House Intelligence Commitee, had come under fire for briefing Trump on information he had received while keeping members of his own committee inRead more

Industry, academic partners team up to fight fake news

Washington - ArabToday

A global alliance of tech industry and academic organizations unveiled plans on Monday to work together to combat the spread of "fake news" and improve public understanding of journalism. The News Integrity Initiative will launch with $14 million from Facebook, the Ford Foundation, Mozilla and others, based at the City University of New York's journalism school, which will coordinate research,Read more

Snap of Clinton reading Pence e-mail headline goes viral

Milwaukee - Arab Today

A photo of former presidential candidate Hillary Clinton glancing at a newspaper headline about US Vice President Mike Pence using private e-mail has gone viral on social media, with thousands of people commenting on it. Pence and others involved in the Republican presidential campaign last year criticized Clinton’s use of a private e-mail server during her time as US SecretaryRead more

Trump says hacking had 'no effect' on his election

Washington - Arab Today

Donald Trump asserted that hacking did not sway the US election, after a briefing on an intelligence report that blamed Russia's Vladimir Putin for a cyber campaign to keep Hillary Clinton out of the White House. While the president-elect held fast to his rejection of the intelligence community's conclusion that Russia interfered in the election, he accepted the possibility thatRead more

Obama Orders Sanctions on Russia

Washington - Arab Today

US President Barack Obama has ordered sanctions against Russia in response to the Russian government's "aggressive harassment of US officials and cyber operations" aimed at the US election, dpa reported. A White House statement said the sanctions are against nine entities and individuals, including two Russian intelligence services and three companies that provided material support to one of theRead more

Fed turns to Trump agenda with rate hike nearly in the bag

Washington - Arab Today

The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the US election has reshaped the central bank’s growth and inflation outlook. Fed fund futures show a 97 percent probability that the Fed will lift rates by a quarter of a percentage point at theRead more

India’s shock withdrawal of larger banknotes sparks chaos in cash economy

Mumbai/New Delhi - Arab Today

India’s sudden withdrawal of 500 and 1,000 rupee notes from circulation, in a bid to flush out money hidden from the tax man, caused chaos on Wednesday as gas stations and other retailers refused to accept the larger bills, and bank ATMs stayed closed. The shock measure also sent shudders through the investment community on a day when the marketsRead more

Ahead of knife-edge US election, ‘Global Vote’ places Trump third

Jeddah - Arab Today

The votes have been cast and counted and Hillary Clinton overwhelmingly chosen as favorite — with Donald Trump coming in a lowly third place in the poll. That is, at least, according to the results of the online “Global Vote,” published Monday, which allowed people around the world to have their say on the US election. None of the votesRead more