07012016Fri
Last update: Fri, 01 Jul 2016 02pm

North America

World - North America

Brexit blow to Obama and US 'special relationship' WASHINGTON: Britain's vote to leave the European Union was a severe blow to one of the United States' key alliances and a setback for its influence across the old continent.But can Barack Obama leverage what remains of the "special relationship" to smooth its exit and limit the damage to Western security and the global economy?The US president travelled to London during the referendum campaign to back his friend Prime Minister David Cameron's doomed campaign against Brexit.And on Friday he was quick to defend the enduring "special relationship," a phrase coined by Winston Churchill in 1946 after the Allies' World War II victory.Nevertheless, Washington analysts were unanimous that the shock result was a huge setback for the alliance and for US interests -- and urged Obama to help fix things.Following the vote, Britain will have to negotiate its departure from the world's biggest trading bloc without triggering a domino effect of ...

World - North America

Obama says US special relationship with Britain will endure PALO ALTO: US President Barack Obama said on Friday that he had spoken with British Prime Minister David Cameron about Britain's decision to leave the European Union and that he was confident the United Kingdom was committed to an orderly transition. "While the UK's relationship with the EU will change, one thing that will not change is special relationship that exists between our two nations," Obama said in a speech at a global entrepreneurs conference ...

World - North America

Sanders says he will vote for Clinton WASHINGTON: Bernie Sanders said Friday he will vote for Hillary Clinton in the US presidential election in November, bowing to his former rival for the White House but stopping short of a full endorsement.Asked on MSNBC whether he would cast his ballot for Clinton, the Vermont senator who waged a surprisingly tough campaign during the primaries said, "Yes.""I think the issue right here is I'm gonna do everything I can to defeat Donald Trump," Sanders ...

World - North America

Brexit: Fed set to provide dollar liquidity to offset market pressures WASHINGTON: The US Federal Reserve said Friday it was ready to provide dollar liquidity to other central banks to offset any global market pressures resulting from Britain's vote to exit the European Union."The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the US economy," the central bank said in a statement.The Fed ...

World - North America

US durable goods orders fall in May WASHINGTON: US durable goods orders fell more than expected in May after increasing the two prior months, in fresh evidence Friday of the weakness in the American manufacturing sector.New orders for manufactured durable goods like cars, aircraft, electronics and machinery fell 2.2 percent in May after a 3.3 percent jump in April, the Commerce Department reported. Analysts on average forecast a modest 0.6 percent decline."A pullback in May was expected but the larger than anticipated, ...

World - North America

Trump says Brexit vote has 'real parallel' with his campaign TURNBERRY: Donald Trump hailed Britain's vote to leave the EU as "fantastic" on a trip to Scotland on Friday, saying the campaign had parallels with his own mission to become the president of the United States."I think it's a great thing. I think it's a fantastic thing," he told reporters after stepping off a helicopter with the word "Trump" emblazoned on its side at the golf resort he owns in southwest Scotland.A break-up of the ...

World - North America

Canada PM vows to forge new ties with Britain and EU OTTAWA: Prime Minister Justin Trudeau reached out to Britain and the European Union after Britons voted to split from the bloc, saying Canada would "continue to build relationships with both parties.""The UK and the EU are important strategic partners for Canada with whom we enjoy deep historical ties and common values," the prime minister said in a statement."We will continue to build relations with both parties as they forge a new relationship."Britain is Canada's third-largest ...