Trump adviser Scaramucci says parts, not all, of NATO are obsolete
By Carmel Crimmins DAVOS, Switzerland (Reuters) - Donald Trump's comments about NATO being "obsolete" reflect how the world has changed, but should not be interpreted as meaning that it needs to be consigned to history, a senior adviser to the U.S. president-elect said on Tuesday. Germany's Foreign Minister Frank-Walter Steinmeier said on Monday that Trump's comments had aroused concern across the 28-member alliance. Trump, who is due to be sworn in on Friday, criticized NATO for not defending against terrorist attacks.
Iran's Rouhani says talk about renegotiating nuclear deal 'meaningless'
Iranian President Hassan Rouhani said on Tuesday U.S. President-elect Trump cannot unilaterally cancel the nuclear deal Tehran signed with world powers including Washington and that talk of renegotiating it was "meaningless". Trump, who will take office on Friday, has called the July 2015 agreement "the worst deal ever negotiated". Under Iran's agreement with the United States, France, Germany, Britain, Russia and China, Tehran agreed to shrink its nuclear programme to satisfy the powers that it could not be put to developing atomic bombs.
US stocks dip as market eyes Trump inauguration
Wall Street stocks dipped early Tuesday, at the start of a holiday-shortened week that culminates with Friday's inauguration of Donald Trump as president of the United States. Briefing.com analyst Patrick O'Hare attributed the market's weakness in part to uncertainty over gaps between Trump and key congressional leaders on tax reform and health policy. The broad-based S&P 500 also shed 0.4 percent to 2,265.76, while the tech-rich Nasdaq Composite Index fell 0.7 percent to 5,535.97.
Russia says ready to talk to Trump about nuclear arms, Syria
By Andrew Osborn and Vladimir Soldatkin MOSCOW (Reuters) - Russian Foreign Minister Sergei Lavrov said on Tuesday that Moscow was ready to talk to U.S. President-elect Donald Trump's new administration about nuclear weapons and Syria, saying the two countries could together solve many of the world's problems. Lavrov, speaking days before Trump's inauguration, used an annual news conference to flag potential areas of cooperation and to belittle what he described as malicious attempts to link Trump to Russia in a negative light.
GM to invest $1 bn in US manufacturing, create 5,000 jobs
General Motors said Tuesday it will invest an additional $1 billion in US manufacturing operations and create up to 5,000 jobs in the coming years, for which Donald Trump immediately took credit. The investments in new vehicle and advanced technology are tied to 1,500 new and "retained" jobs, while 450 will be returned to the US from Mexico, the company said in a statement. GM is the latest in a series of companies to announce plans to create US jobs -- including Amazon, Ford and WalMart -- amid continued pressure, mostly via Twitter, from US President-elect Trump, who has threatened stiff penalties on companies that import products manufactured overseas.
Growing list of Democrats boycotting Trump inauguration
In Davos, Xi makes case for Chinese leadership role
Chinese President Xi Jinping offered a vigorous defense of free trade at the World Economic Forum in Davos on Tuesday in a speech that underscored Beijing's desire to play a greater global role as the United States turns inward. In the first appearance by a Chinese leader at the annual meeting of political leaders, CEOs and bankers in the Swiss Alps, Xi also cautioned other countries against blindly pursuing their national interests, in an apparent reference to the "America first" policies of Donald Trump. Real estate mogul and former reality TV star Trump, who will be inaugurated as U.S. president on Friday, campaigned on a promise to confront China more aggressively on trade.
Former Klan Grand Dragon to MLK's daughter: I'm sorry
ATLANTA (AP) ? Scott Shepherd didn't fire the shot that killed Martin Luther King Jr., but the former Ku Klux Klan Grand Dragon says he has always felt remorse toward the family of the slain civil rights leader and all who honor his legacy.
Germany must not bow to Trump threats, Merkel ally saysGermany cannot afford to give in to intimidation and threats of protectionism from U.S. President-elect Donald Trump, and to do so even once would invite repeated bullying, a key conservative ally of Chancellor Angela Merkel said on Tuesday. Trump warned German car companies that he would impose a border tax of 35 percent on vehicles imported to the U.S. market, in a newspaper interview published on Monday. Norbert Roettgen, head of Germany's foreign affairs committee in parliament, said Germany must stay true to its values.
Tiffany feels the Trump effect on 5th Avenue
Security barricades, protesters and a perpetual media encampment in and around Trump Tower since the election tarnished sales at Tiffany, the posh jeweler whose flagship store is just steps from the president-elect's ...