May 14, 2019

REUTERS

President Donald Trump on Tuesday defended his trade war with China as tensions escalated and markets extended their losses, promising a deal with Chinese President Xi Jinping soon, even as fears escalated about a protracted battle.

China on Monday raised tariffs on $60 billion of U.S. goods in retaliation for President Donald Trump's decision to increase tariffs on $200 billion worth of Chinese imports last week, escalating the trade war between the world's two largest economies.

Neither the United States nor Iran want war and Iraq is in contact with both, Iraq's state news agency INA quoted Prime Minister Adel Abdul Mahdi as saying on Tuesday.

India delayed on Tuesday the implementation of higher tariffs on some goods imported from the United States to June 16, according to a government statement.

North Carolina voters on Tuesday will start the process of picking a new Republican candidate for Congress after state officials ordered a rerun of a November 2018 race marred by an absentee-ballot fraud scheme.

Alabama's state Senate was due to vote on a bill on Tuesday that would outlaw nearly all abortions, but will first consider whether to allow the procedure for women and girls impregnated by rape and incest.

Spain's Supreme Court has ruled that five Catalan separatist leaders can leave prison to be sworn-in as lawmakers next Tuesday but said it would not halt the trial over their role in Catalonia's independence bid in 2017.

Huawei is willing to sign no-spy agreements with governments, including Britain, the Chinese telecommunications company's chairman said on Tuesday as the United States pressures European countries to shun the firm over spying concerns.

North Korea said on Tuesday the seizure of one of its cargo ships by the United States was an illegal act that violated the spirit of a summit between the two countries' leaders, and demanded the return of the vessel without delay.

AP Top Stories

On the deepest dive ever made by a human inside a submarine, a Texas investor and explorer found something he could have found in the gutter of nearly any street in the world: trash. Victor Vescovo, a retired naval officer, said he made the unsettling discovery as he descended nearly 6.8 miles (35,853 feet) to a point in the Pacific Ocean's Mariana Trench that is the deepest place on Earth. His dive went 52 feet lower than the previous deepest descent in the trench in 1960.

U.S. authorities have seized one of North Korea's largest cargo ships in connection with a scheme to illicitly export tons of coal in violation of international sanctions, Justice Department said.

The German captain of a migrant rescue ship was fined $11,240 by a Maltese court on Tuesday, after being found guilty of entering national waters 11 months ago without proper registration.

Indians voted Sunday in the next-to-last round of a six-week-long national election marked by a highly acrimonious campaign that has seen Prime Minister Narendra Modi blame opposition party chief Rahul Gandhi's family for the country's ills.

Spain has withdrawn a frigate from a U.S.-led naval group in the Gulf because it was now focusing on alleged threats from Iran rather than an agreed objective to mark an historic seafaring anniversary, the Spanish government said on Tuesday.

Syrian troops on Monday captured five small villages and a hill on the edge of the northwestern province of Idlib, the last major rebel stronghold in the country, pro-government media said.

Amazon said Monday it was offering employees $10,000 to quit their jobs and become independent package delivery entrepreneurs for the online retail colossus.

Paris authorities have warned operators of the thousands of electric scooters that have inundated the city to keep them off pavements or face a temporary ban amid rising complaints from pedestrians.

Mike Pence has warned Christian graduates of an evangelical university that they should prepare to face "ridicule" for their beliefs. The deeply religious vice president told Liberty University students that "some of the loudest voices for tolerance today have little tolerance for traditional Christian beliefs".

BBC

Hackers were able to remotely install surveillance software on phones and other devices using a major vulnerability in messaging app WhatsApp, it has been confirmed.

Two seaplanes carrying tourists from the same cruise ship have collided in south-eastern Alaska, with at least four people dead and two missing. One plane was carrying 11 people when it hit the other, which had five people aboard, near Ketchikan.

A jury in California has awarded more than $2bn to a couple who said the weed killer Roundup was responsible for their cancer.

The constitutional court of Guatemala has barred Zury Ríos, the daughter of ex-military ruler Efraín Ríos Montt, from running for the presidency. Ms Ríos was one of the frontrunners ahead of elections on 16 June.

An Iranian woman has been sentenced to 10 years in prison in Iran for spying for the UK.

WND

A new study found that American states and cities with sanctuary policies are blocking the deportation of illegal immigrants from countries designated by the State Department as sponsors of terror.

Ninety-eight percent of the rules issued recently by the U.S. Food and Drug Administration were unconstitutional because the bureaucrats who created them lacked authority, a new study finds.

Add new comment

Plain text

CHECK OUT THE ENTIRE MCALVANY NETWORK

McAlvany Weekly Commentary provides investors with valuable monetary, economic, geo-political and financial information that cannot be found on Wall Street. Your host David McAlvany presents a solid strategy of wealth preservation for your financial and retirement assets while living in an unstable economy.

Through its client focused, customized approach, MWM is committed to providing independent, well-researched, objective advice, and investment professionalism. At MWM, our client commitment is to preserve capital, manage risk, and grow your assets in an ever-changing global environment.

At International Collectors Associates (ICA), we specialize in the sale of bullion, semi-rare U.S. and European gold coins and secure offshore storage in Switzerland for your precious metals. Our highly trained and experienced advisors strive to help you in customizing solid strategies of wealth preservation for your financial and retirement assets.

McAlvany Financial Group

The McAlvany Financial Group has a contrarian, in-depth approach to its analysis, allowing the company to avoid decisions based on emotion, and thus combine maximum risk mitigation with consistent real growth for its clients’ investments. Integrity, attentiveness, and longevity have characterized the company’s client relationships since 1972.