Tom Hanks sees US election warning in thriller 'Inferno'
LONDON (AP) ? Embedded within the manic action of "Inferno," the latest big-screen adaptation of a Dan Brown thriller, is a warning about the dangers of seeking simple solutions to complex problems. Star Tom Hanks says it's a theme with echoes in the current U.S. presidential race.
Philippines says just doesn't want to be dependent on the U.S. and WestThe Philippines will not renege on treaties and agreements with established allies even as it pulls away from dependence on the United States and the West, President Rodrigo Duterte's spokesperson said on Friday. Ernesto Abella said Duterte's announcement that Manila would "separate" from the United States was a "restatement of his position on charting an independent foreign policy". Duterte wanted to "separate the nation from dependence on the U.S. and the West and rebalance economic and military relations with Asian neighbors," like China, Japan and South Korea, Abella said in statement.
Factbox: Duterte distances Philippines from ally U.S.(Reuters) - Philippine President Rodrigo Duterte has grown increasingly hostile toward his country's traditional ally the United States since taking office on June 30, while seeking to court U.S. rivals China and Russia. Officials in Washington have been largely taken by surprise by Duterte's near-daily barrages, and have sought to avoid provoking him. The following are key comments that Duterte has made about the bilateral relationship, and U.S. responses: PIVOT TO CHINA - On a state visit to China this week, Duterte told a forum of Chinese and Philippine business people he wanted his country to separate from the United States and realign with China.
Duterte didn't really mean 'separation' from U.S., Philippine officials say
Philippine officials sought on Friday to play down comments by President Rodrigo Duterte who announced his "separation" from the United States a day earlier, saying their country will maintain U.S. trade and economic ties. Duterte made his comments in Beijing, where he was paving the way for what he calls a new commercial alliance as relations with long-time ally Washington deteriorate. "I've realigned myself in your ideological flow and maybe I will also go to Russia to talk to Putin and tell him that there are three of us against the world - China, Philippines and Russia.
Dollar hits seven-month high, global stocks set for weekly rise
By Alistair Smout LONDON (Reuters) - Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its highest since March, as the euro came under pressure after the European Central Bank shot down talk of a tapering of its asset purchases. The euro hit a seven-month low against the dollar after the ECB left its ultra-loose policy unchanged on Thursday but kept the door open to more stimulus in December. ECB President Mario Draghi said the bank had not discussed winding down the 1.7 trillion euro asset-buying program at its policy meeting.
Peanut butter vandal mistakes gathering for Trump rallyAMHERST, Wis. (AP) ? Disorderly conduct charges are pending against a woman who authorities say smeared peanut butter on 30 vehicles outside a gathering in central Wisconsin that she mistakenly thought was a Donald Trump rally.
UK public finances worsen, adding to Hammond's headache
By William Schomberg and David Milliken LONDON (Reuters) - Britain's public finances showed a much bigger than expected deficit in September, a setback for Chancellor Philip Hammond as he prepares to deliver the country's first budget plans since the Brexit vote. Investors are already nervous about the prospect of an acrimonious British departure from the European Union, and Friday's figures may limit Hammond's ability to cushion the blow of the referendum result via higher spending or tax cuts. Britain ran a budget shortfall of 10.6 billion pounds last month, 14.5 percent higher than the deficit in the same month last year, the Office for National Statistics said.
GE beats on profit but cuts revenue target on oil, gas weakness
General Electric Co beat analyst profit forecasts in the third quarter, but revenue growth remained sluggish, prompting the company to lower its full-year revenue growth target and narrow its profit forecast on Friday and sending shares lower. The industrial giant's adjusted profit jumped 10 percent to 32 cents a share, beating the 30 cents that analysts had estimated on average, according to Thomson Reuters I/B/E/S. Analysts had been looking for GE to report stronger revenue growth after a weak first half, but that was stymied by a 25-percent slump in oil and gas revenue in the quarter.
IS attacks Iraq city of Kirkuk, power plant amid Mosul fight
KIRKUK, Iraq (AP) ? Islamic State militants armed with assault rifles and explosives attacked targets in and around the northern Iraqi city of Kirkuk early Friday, in an assault that appeared aimed at diverting Iraqi security forces from a massive offensive against the IS-held city of Mosul.
McDonald's sales beat estimates as turnaround gathers pace
(Reuters) - McDonald's Corp's turnaround gained momentum in the latest quarter as sales growth at established restaurants beat analysts' estimates, sending the company's shares up almost 4 percent in premarket trading on Friday. Same-restaurant sales in its U.S. restaurants rose a better-than-expected 1.3 percent, helped by demand for its all-day breakfast, the "McPick 2 for $2" promotion and the introduction of Chicken McNuggets without artificial preservatives. Analysts polled by research firm Consensus Metrix had expected a gain of 1.2 percent in the United States. ...