Japanese defense minister sounds alarm on North Korea – ABC News

Japan’s defense minister asserted Monday that North Korea’s nuclear and ballistic missile capabilities have grown to an “unprecedented, critical and imminent” level, requiring “different responses” to the threat. The minister, Itsunori Odonera, said that this rising threat compels his country to endorse the U.S. view that “all options” must be considered, which President Donald Trump says includes possible military action…

Will world growth continue – or are we heading for a slowdown? | Nouriel Roubini

Following IMF’s World Economic Outlook, here are three scenarios for global economy in medium term

For the past few years, the global economy has been oscillating between periods of acceleration (when growth is positive and strengthening) and periods of deceleration (when growth is positive but weakening). After more than a year of acceleration, is the world heading towards another slowdown, or will the recovery persist?

The current upswing in growth and equity markets has been going strong since the summer of 2016. Despite a brief hiccup after the Brexit vote, the acceleration endured not only Donald Trump’s election as US president but the heightening policy uncertainty and geopolitical chaos that he has generated. In response to this apparent resilience, the International Monetary Fund, which in recent years had characterised global growth as the “new mediocre”, upgraded its World Economic Outlook in July.

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Turkey’s currency slumps on U.S. visa spat

Turkey’s currency is suffering the effects of the country’s escalating feud with the United States. The Turkish lira slumped as much as 6.6% against the U.S. dollar on Monday after a spat over visas between the two countries intensified. The nosedive in the currency came after the U.S. embassy in Ankara announced late Sunday that it would cease processing most kinds of visas for Turkish citizens…

Equifax says 2.5 million more may have been swept up in massive data breach – Washington Post

An additional 2.5 million consumers may have been affected by the massive data breach at Equifax, the company said in a statement Monday, bringing the new total of potentially affected consumers to a staggering 145.5 million. “I was advised Sunday that the analysis of the number of consumers potentially impacted by the cybersecurity incident has been completed…

Japan’s PM Shinzo Abe calls for snap election

Japan’s prime minister, Shinzō Abe, has called a snap election to take advantage of opposition disarray and support for his hard line against North Korea’s ballistic missile and nuclear weapons programmes. Speaking at a televised press conference on Monday, Abe said the election would be an appraisal of his social security spending plans and his handling of the crisis on the Korean peninsula…

North Korea warns of ‘gift packages’ for U.S.

GENEVA/SEOUL (Reuters) – A top North Korean diplomat on Tuesday warned that his country is ready to send “more gift packages” to the United States as world powers struggled for a response to Pyongyang’s latest nuclear weapons test. Han Tae Song, ambassador to the United Nations in Geneva, confirmed that North Korea had successfully conducted its sixth and largest nuclear bomb test on Sunday.

U.S.-S. Korea joint military drills underway despite N. Korea’s warnings

(CNN)Joint US-South Korean military drills are underway Monday despite warnings from North Korea a day earlier that they could lead to a “uncontrollable phase of a nuclear war.” The 10-day Ulchi Freedom Guardian military exercises are conducted annually and touted by South Korea and the United States as defensive in nature…

U.S., Japan to strenghten ‘alliance capability’ to deal with N. Korea threat

WASHINGTON (Reuters) – The United States and Japan will step up their defense cooperation to deal with the threat from nuclear-armed North Korea as tensions in East Asia remain high, officials from the two allies said on Thursday. “For this threat of North Korea, at this meeting we agreed to increase the pressure and to strengthen the alliance capability,” Japanese Defense Minister Itsunori Onodera said after talks with senior U.S. officials in Washington…

Wall Street shows market fear amid U.S., N. Korea tensions

Even as President Donald Trump ratcheted up the rhetoric on North Korea, market observers still appeared relatively unalarmed by the threats lobbed between Trump and officials in Pyongyang. But cracks are beginning to show. The Dow Jones Industrial Average saw its biggest dip since mid-May on Thursday, down 205 points, following similar drops in the Asian and European markets; and the VIX, or volatility index widely used as a proxy to gauge market fear, soared by 44 percent to its highest level since Trump was elected…

U.S. Secretary of State says: No ‘imminent threat of war’ with North Korea

Rex Tillerson has sought to calm nerves in the wake of an exchange of aggressive rhetoric between Donald Trump and the North Korean regime, insisting there was no “imminent threat of war” and that Americans could “sleep well at night”. The US secretary of state was talking to reporters on the way back to Washington from a tour of Asia hours after Trump had threatened to engulf North Korea with “fire and fury like the world has never seen”…

Ten years after the financial melltdown, cheap credit, low rates and mass debt are still present

Ten years ago this week, the global financial crisis started with a small rumble in France. Local bank BNP Paribas announced it was freezing the assets of three hedge funds with heavy exposures to the US sub-prime mortgage market. A little more than a year later, after the run on Northern Rock and the bailout of Bear Stearns in the US, the full earthquake arrived in the form of the collapse of Lehman Brothers, one of Wall Street’s biggest banks…

IMF downgrades US and UK 2017 growth forecast

The International Monetary Fund has cut its growth forecast for the UK economy this year after a weak performance in the first three months of 2017.
In its first downgrade for the UK since the EU referendum in June last year, the IMF said it expected the British economy to expand by 1.7% this year, 0.3 points lower than when it last made predictions in April…

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