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Trump is shaping new ‘liberal’ order to block Russia, China, Iran, says Pompeo

BRUSSELS (Reuters) - U.S. President Donald Trump’s top diplomat promised on Tuesday a new democratic world order in which Washington will strengthen or jettison international agreements as it sees fit to stop “bad actors” such as Russia, China and Iran from gaining. In a twist on Trump’s “America First” policy, U.S. Secretary of State Mike Pompeo said Trump was not abandoning its global leadership but instead reshaping the post-World War Two system on the basis of sovereign states, not multilateral institutions. “In the finest traditions of our great democracy, we are rallying the noble nations to build a new liberal order that prevents war and achieves greater…

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British PM suffers setbacks as Brexit debate starts in parliament

LONDON (Reuters) - Prime Minister Theresa May suffered embarrassing defeats on Tuesday at the start of five days of debate over her plans to leave the European Union that could determine the future of Brexit and the fate of her government. May wants to secure parliament’s approval for her deal to keep close ties with the EU after leaving in March, but opposition is fierce, with Brexit supporters and opponents alike wanting to thwart or derail her plan. On the first day of debate, before the main vote on Dec. 11, her government was found in contempt of parliament and then a group of her own Conservative…

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Global stocks dive on growth concerns, doubts over trade truce

NEW YORK (Reuters) - Global stocks tumbled on Tuesday as a flattening Treasury yield curve sparked recession warnings, while optimism sharply waned that the United States and China would quickly resolve their trade dispute. Benchmark Treasury 10-year yield fell to its lowest point since mid-September. The spread between the 10-year yield over its two-year counterpart also shrank to the smallest since the start of the financial crisis in January 2008, signaling to some investors an approaching U.S. economic slowdown. “Today is the perfect storm,” said RJ Grant, head of trading at Keefe, Bruyette & Woods in New York. “You’ve nothing really tangible coming out of the G20…

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Dollar weak as U.S. Treasury yield curve inversion sparks recession fears

NEW YORK (Reuters) - The dollar edged lower on Tuesday as U.S. Treasury yields fell, feeding fears that the Federal Reserve could pause in its rate-hike cycle, while an inversion in part of the yield curve was taken as a red flag for a potential recession. U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/IllustrationLingering uncertainty regarding China and the United States’ ability to resolve their trade war provided some support to the greenback. Still, investors were nervous about an inversion of the curve between three-year and five-year U.S. Treasury notes and between two-year and five-year notes. These were the first parts…

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NASDAQ Officially Confirms Launch of Bitcoin Futures in Early 2019

The world’s second-largest stock exchange in the world, the Nasdaq exchange, has officially confirmed its plans to launch Bitcoin futures in 2019. Late last week, unofficial reports surfaced of the exchange launching these plans, first reported by Bloomberg. Joseph Christinat, VP of Nasdaq’s media team, spoke to the UK’s daily tabloid The Express yesterday and confirmed the plans. The VP states that these futures will be listed and launched in the first half of 2019—no official date has been given at this time. Nasdaq Bitcoin Futures The launch still remains subject to approval from the US Commodity Futures Trading Commission (CFTC).Christinat told The Express: “We’ve put a hell of a lot…

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Exclusive: Democrats prepare to probe Trump’s FBI headquarters plan – Rep Connolly

WASHINGTON (Reuters) - President Donald Trump’s role in decisions about a new FBI headquarters will face intense scrutiny when Democrats take control of a key U.S. House of Representatives committee in January, one of the panel’s leaders said on Tuesday. FILE PHOTO: U.S. President Donald Trump gestures as he talks to reporters while departing for travel to the G-20 summit in Argentina from the White House in Washington, U.S., November 29, 2018. REUTERS/Jonathan ErnstDemocratic U.S. Representative Gerald Connolly told Reuters in an interview that the Trump administration’s abrupt cancellation last year of plans to build a new FBI headquarters in the Washington suburbs are a “prime subject…

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U.S. ‘model soldier’ gets 25 years in prison for Islamic State support

(Reuters) - A U.S. Army sergeant described by former colleagues as a one-time “model soldier” was sentenced to 25 years in prison at a federal court in Hawaii on Tuesday after pleading guilty to providing material support to the Islamic State militant group, a local news outlet reported. FILE PHOTO: A photograph with a redacted date, and entered into federal court as an exhibit to support the government's motion to keep U.S. Army Sergeant Ikaika Erik Kang in detention without bond, shows what is described as Kang holding the Islamic State Flag after pledging allegiance to the Islamic State. Kang is charged with trying to provide material…

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If Iran can’t export oil from Gulf, no other country can, Iran’s president says

GENEVA (Reuters) - Iranian President Hassan Rouhani made an apparent threat on Tuesday to disrupt other countries’ oil shipments through the Gulf if Washington presses ahead with efforts to halt Iranian oil exports. Iranian President Hassan Rouhani gives a public speech during a trip to the northern Iranian city of Shahroud, Iran, December 4, 2018. Official President website/Handout via REUTERS The United States has imposed sanctions on Iran and U.S. officials say they aim to reduce Iran’s oil exports to zero in a bid to curb the Islamic Republic’s missile program and regional influence. “America should know that we are selling our oil and will continue to…

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Trump administration to brief House on Saudi situation: source

WASHINGTON (Reuters) - Trump administration officials, including Secretary of State Mike Pompeo and Defense Secretary Jim Mattis, will brief all U.S. House of Representative lawmakers on the Saudi situation on Dec. 13, a source told Reuters on Tuesday. CIA Director Gina Haspel gave leaders of several U.S. Senate committees a closed briefing on Tuesday on the killing of Saudi journalist Jamal Khashoggi, leading some senators to say they were more certain than ever that Saudi Crown Prince Mohammed bin Salman was culpable in the crime. Reporting by Patricia Zengerle; Writing by Susan Heavey; Editing by Chizu Nomiyama and Grant McCoolOur Standards:The Thomson Reuters Trust Principles.

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Top senators briefed by CIA blame Saudi prince for Khashoggi death

WASHINGTON (Reuters) - Leading U.S. senators said on Tuesday they were more certain than ever that Saudi Crown Prince Mohammed bin Salman was responsible for the killing of journalist Jamal Khashoggi after receiving a CIA briefing on the matter. Sen. Lindsey Graham (R-SC) arrives for a closed briefing with Central Intelligence Agency Director Gina Haspel about the death of Saudi journalist Jamal Khashoggi on Capitol Hill in Washington, U.S., December 4, 2018. REUTERS/Aaron P. Bernstein“You have to be willfully blind not to come to the conclusion that this was orchestrated and organized by people under the command of MbS,” Republican Senator Lindsey Graham told reporters, referring to…

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