IMF boosts US growth estimate on expected stimulus
The International Monetary Fund on Monday boosted its estimates for US growth on expected stimulus spending by the incoming Trump administration, but kept the forecast for global growth unchanged. The IMF's quarterly World Economic Outlook (WEO) however said the forecasts for 2017 and 2018 are beset by uncertainty and risk, including signs of rising protectionism. It sees world growth of 3.4 percent this year and 3.6 percent in 2018, unchanged from the October report, as concerns about slowing in major developing economies were offset by the recovery in advanced economies and China.
IMF boosts growth forecast for US, cites Trump impact
WASHINGTON (AP) ? The International Monetary Fund on Monday raised its forecast for the U.S. economy over the next two years, saying President-elect Donald Trump's policies should boost economic growth, particularly in 2018. But officials warned that if Trump's protectionist trade proposals set off a trade war, that could be "quite destructive" for the global economy.
Tunisian beach gunman 'walked nearly two miles' before being shot, UK inquest hears
By Alistair Smout LONDON (Reuters) - The gunman who murdered 30 Britons on a Tunisian beach in 2015 had been able to walk nearly two miles on his killing spree before being shot dead by security forces, inquests into the deaths heard on Monday. Evidence critical of local authorities' response and of tour operator TUI is expected to form part of the inquiry, a lawyer said. The inquests, being held collectively at the Royal Courts of Justice, are expected to last around six weeks.
King's daughter: Fight 'no matter who is in White House'
ATLANTA (AP) ? As civil rights leaders and activists gather at sites across the country to celebrate the legacy of Martin Luther King Jr., the slain civil rights leader's daughter is encouraging Americans to fight for his vision of love and justice "no matter who is in the White House."
Germany says NATO concerned about Trump 'obsolete' remark
By Tom Körkemeier and Andreas Rinke BRUSSELS/BERLIN (Reuters) - Germany's Foreign Minister said on Monday that U.S. President-elect Donald Trump's comments that NATO was obsolete had aroused concern across the 28-member alliance. Frank-Walter Steinmeier, speaking after a meeting with alliance Secretary-General Jens Stoltenberg in Brussels, said Trump's remarks contradicted views expressed by designated Defense Secretary James Mattis. "I've spoken today not only with EU foreign ministers but NATO foreign ministers as well and can report that the signals are that there's been no easing of tensions," Steinmeier told reporters when asked about Trump's interview with Bild newspaper and the Times of London.
Hard Brexit fears hit pound ahead of May speech
Britain's pound fell on Monday as concern rose that the country is heading for a "hard" Brexit from the European Union and its single market, a day before a speech by Prime Minister Theresa May on the government's plans. Some British newspapers have billed May's speech on Tuesday as a shift away from preferential EU single market access - in order to win restrictions on immigration - and a toughening of the UK's stance toward an economic bloc that accounts for roughly half its exports and imports. A spokeswoman for May, who will also attend a gathering of the world's economic elite in Davos, Switzerland, this week, called the reports about the tone of her upcoming speech "speculation".
Stocks retreat as pound tanks on Brexit fear
The pound slumped Monday on reports British Prime Minister Theresa May was ready to take the country out of the European Union in a so-called "hard Brexit". Sterling's weakness sent London's FTSE 100 index to a fresh record high, although the index later fell back and closed with a slight loss, ending a record 14-session winning streak. "The main action today has been on the currency market with the pound sliding to its lowest levels since the October flash crash, below 1.2000 against the US dollar, as markets price in further uncertainty ahead of tomorrows scheduled speech by UK Prime Minister Theresa May about how the UK intends to conduct its Brexit negotiations," said Michael Hewson, chief market analyst at CMC Markets UK.
Impish, boyish looks permeate Milan's menswear runways
Police: 5 killed in shooting at nightclub at Mexican resort
CANCUN, Mexico (AP) ? A shooting attack at an electronic music festival in Mexico's Caribbean coast resort of Playa del Carmen on Monday left five people dead, including two Canadians, an Italian and a Colombian, authorities said.
DeVos to face questions over schools, conservative activism
WASHINGTON (AP) ? Charter school advocate Betsy DeVos is widely expected to push for expanding school choice programs if confirmed as education secretary, prompting pushback from teachers unions. But Democrats and activists also are raising concerns about how her conservative Christian beliefs and advocacy for family values might impact minority and LGBT students.