Xi Jinping warns against ‘new Cold War’ January 25, 2021 Chinese President Xi Jinping has warned against stoking a “new Cold War”, after Beijing and Washington last week launched tit-for-tat sanctions on each other’s top officials. Speaking at this year’s Digital Davos, Xi attacked both former US President Donald Trump and his White House successor, Joe Biden, warning that confrontation “will always end up harming [...]
Bar-a-Lago: Facebook to review Trump ban January 21, 2021 Facebook’s independent oversight board will review the company’s decision to ban former US president Donald Trump’s social media accounts. Both Trump’s Facebook and Instagram profiles will remain suspended while the review is underway, the company announced. In the first move of its kind, Mark Zuckerberg’s company suspended the former president earlier this month in the [...]
China sanctions Trump officials including Mike Pompeo January 20, 2021 China has slapped sanctions on 28 top US figures including former secretary of state Mike Pompeo, who it claimed violated Chinese sovereignty. Pompeo joined a list of US political heavyweights banned from doing business with China, including John Bolton, Donald Trump’s former national security advisor, Peter Navarro, former director of trade, and Steve Bannon, former [...]
It’s Inauguration Day: Full timeline and where to watch Joe Biden’s entry to the White House January 20, 2021 Joe Biden’s inauguration will take place today, making him the 46th President of the United States. The Democrat will take the reins in a moment of profound unease in US politics, with outgoing Donald Trump becoming the first President in 152 years not to attend the welcome ceremony for his successor. With officials looking to [...]
Before the Bell: It’s Biden’s time as Trump leaves the stage January 20, 2021 The return of US markets from the Martin Luther King holiday saw stocks drive higher as the US gets ready to swear in today a new President for the next four years, CMC Markets UK chief market analyst Michael Hewson tells City A.M. this morning, adding that optimism that the pledge to act big on [...]
Trump vows ‘movement is just beginning’ and pardons Bannon before leaving Washington January 20, 2021 Donald Trump has pardoned his former adviser Steve Bannon, who is facing fraud charges, in one of his final acts as President of the United States. Prosecutors said Bannon and three others defrauded hundreds of donors in connection with Trump’s wall campaign, which raised $25m. It was alledged Bannon then used at least $1m to [...]
Donald Trump becomes first US president to be impeached twice January 13, 2021 Donald Trump has become the first US president in history to be impeached twice. A majority of the US House of Representatives tonight voted to impeach Trump, formally charging him with inciting an insurrection. Following hours of debate in Congress, Democrats secured enough votes to push through the impeachment. The final tally was 232 votes [...]
Trump riots: Which Wall Street banks and tech titans have paused political donations? January 13, 2021 The violent riots at the Capitol last week have cast a shadow over American democracy and raised questions over US President Donald Trump’s fitness to hold office. But the shocking insurrection, in which five people died, has also sent shockwaves through the business world. A host of US companies, including Wall Street banks and Silicon [...]
Airbnb cancels all Washington bookings during Biden inauguration January 13, 2021 Airbnb is cancelling all reservations in the Washington DC area during the week of Joe Biden’s inauguration amid concerns about further violence. The holiday rental site said all existing reservations will be cancelled, including those made on its Hotel Tonight subsidiary, and any new bookings will be blocked. Airbnb said guests and hosts will be [...]
Before the Bell: Volatility remains low but Trump faces impeachment vote January 13, 2021 Stock markets had a relatively quiet session yesterday as there wasn’t any major news to influence sentiment in one way or another. European stocks lost ground as Covid-19 case numbers played on traders’ minds. Several governments have tight restrictions in place in a bid to get a handle on the virus – which is having [...]