Fiscal initiatives could boost global economic growth, the Organization for Economic Cooperation and Development (OECD) said Monday in its semi-annual economic forecast. The Paris-based think tank predicted a global gross domestic product (GPD) growth rate of 3.3% in 2017, a figure that remained unchanged from its last outlook released in June.
Former Green Party presidential nominee Jill Stein has launched a campaign to recount the votes in three key states where Donald Trump seized victory. For the Republicans, it is just an “expensive political stuntt” since the Democratic candidate Hillary Clinton would need to reverse results in all three of those states to reach a different outcome.
President-elect Donald Trump named KT McFarland as deputy national security adviser and Donald McGahn as his White House counsel. McFarland served in three separate Republican administrations, most notably as a spokeswoman for Defense Secretary Caspar Weinberger under Ronald Reagan.
In his first Thanksgiving Message as US President-elect, Donald Trump has called for unity following a “long and bruising political campaign”. He also announced the selection of the first two women in her cabinet, education and UN ambassador.
Britain dismissed U.S. President-elect Donald Trump's unprecedented expression of support for Brexit campaigner Nigel Farage to be made British ambassador to Washington, saying pointedly that there is no vacancy for the job. Trump, who after his election victory met Farage before any EU leaders, said on Twitter that “many people” would like to see the former metals trader turned politician as Britain's ambassador.
Zhang Xiangchen, China's deputy international trade representative, said his country would defend its rights under World Trade Organization tariff rules should Trump uphold his campaign threats to levy punitive duties on China-made goods, which, according to an Auxtralian expert, is “very unlikely” to happen.
Ivanka Trump, daughter of U.S. President-elect Donald Trump, briefly joined her father's telephone call with Argentine President Mauricio Macri earlier this month, Macri's spokesperson said on Tuesday.
Brazil's Central Bank (BC) President Ilan Goldfajn said on Monday that the outcome of the US presidential election, won by magnate Donald Trump, brought an element of uncertainty to markets, but reiterated that the institution has kept a close watch on the development of international markets and worked to prevent the effects of “external shocks” from threatening macroeconomic stability.
The Trans-Pacific Partnership (TPP) trade deal would be “meaningless” without US participation, Japanese prime minister Shinzo Abe said as United States President-elect Donald Trump announced he planned to quit the pact. PM Abe’s comment on Monday (Tuesday morning) came shortly before the Mr Trump released a short video about his plans for his administration, including an intention to have the US drop out of the TPP pact.
President-elect Donald J. Trump has ostensibly thrown his support behind the idea of UK Independence Party (UKIP) leader Nigel Farage becoming the British Ambassador to the United States in a tweet issued late on Monday night. Trump issued the statement, unprompted, via his Twitter feed, stating that the idea was popular amongst “many people” in a move that is sure to set the British political establishment into a further tailspin.