上海夜生活,上海夜生活网,上海夜网论坛 - Powered by 上海夜网

Labour aim to seize parliamentary time to try to stop no-deal Brexit

LONDON ( ) – Britain’s opposition Labour Party said on Tuesday it would try to take control of the parliamentary agenda on June 25 to give lawmakers the chance to introduce legislation aimed at preventing a no-deal Brexit.

Several of the candidates vying to replace Prime Minister Theresa May have said they would not be 上海夜生活论坛willing to delay Britain’s European Union beyond the end of October, even if it meant leaving without a deal.

A majority of lawmakers oppose leaving without a deal and other leadership contenders have warned parliament will block any attempt to do so. One, former Brexit minister Dominic Raab, has even raised the possibility of suspending parliament until after Oct. 31 to prevent it happening.

“The debate on Brexit in the Tory (Conservative) leadership contest has descended into the disturbing, the ludicrous and the reckless,” said Labour’s Brexit spokesman Keir Starmer.

“None of the likely candidates for the top job has a credible plan for how to break the deadlock before the end of October.”

Labour said it would use an opposition day debate on Wednesday to vote on a motion, supported by lawmakers from several parties including the Scottish National Party, the Liberal Democrats and a member of May’s Conservatives, to seize parliamentary time on June 25.

If successful, Members of Parliament (MPs) could then use that time to introduce legislation to try and avoid Britain leaving on Oct. 31 without a deal, Labour said.

“MPs cannot be bystanders while the next Tory Prime Minister tries to crash the UK out of the European Union without a deal and without the consent of the British people. That’s why we are taking this latest measure to end the uncertainty and protect communities across the country,” Starmer added.

Earlier this year, MPs used a similar process to pass a law, despite government opposition, that mandated May to seek more time from the EU.

This alone would not have prevented a no-deal, as the EU has to agree to any extension. Only legislating to revoke the Article 50 exit notification would stop Brexit happening.

EU moves closer to debt action as Italy angles for compromise

ROME/BRUSSELS ( ) – The European Union moved closer on Tuesday to taking disciplinary action over Italy’s growing debt, as authorities in Rome made tentative steps to avert a procedure that could saddle the country with large fines and alienate investors.

Envoys of EU governments agreed that action was warranted, a confidential document seen by showed, confirming the assessment of the European Commission that Italy is in breach of fiscal rules by failing to cut its huge public debt.

The Commission’s outgoing president, Jean-Claude Juncker, said Italy was “moving in an unsound direction” and risked a procedure that could last years.

Italy and the Commission have been at loggerheads on fiscal issues since a euroskeptic coalition government took office in Rome a year ago armed with ambitious spending plans.

However, in a rare show of unity after successive bouts of infighting in recent months, the coalition’s leaders agreed overnight on a willingness to address the EU’s concerns.

Prime Minister Giuseppe Conte said after they met that they would work together to avert the disciplinary action.

“Our shared goal is to avoid the infringement while safeguarding economic growth, employment, as well as tax cuts,” added Deputy Prime Minister Matteo Salvini of the far-right League.

Italy’s debt has risen steadily from a pre-financial crisis low of 104% of domestic output in 2007 and now stands at 132%, second only to Greece’s within the euro zone. The Commission forecast it will rise further to 135% next year.

Brussels also wants Rome to cut its structural deficit, which excludes one-off revenues, to make its debt more sustainable.

Related CoverageItalian deputy PM Di Maio says coalition meeting went well

EU governments agreed the disciplinary procedure would be avoided if Rome made new offers, two European sources said.

‘NO TAX INCREASES’

But, emboldened by the League’s strong showing in last month’s European elections and in local polls, Salvini has made tax cuts a priority and has repeatedly taken aim at Brussels, calling for an overhaul of EU fiscal rules.

He insisted on Tuesday that “there won’t be any budget correction nor tax increases.”

Finance Minister Giovanni Tria, a technocrat, played down the events in Brussels, saying the final decision would lie with the bloc’s finance ministers.

He ag上海夜生活论坛reed a budget correction was not necessary, though one would be implemented if needed, and said Italy’s deficit would be lower than initially forecast due to lower expenditure.

But that may not be enough to stave off EU action.

Brussels will now intensify talks to obtain more fiscal commitments from Rome.

But if no compromise is found, the EU Commission could recommend the opening of the procedure as early as June 26, one official said. EU states would have then to agree to formally launch it in their last meetings before the summer break on July 8-9. The procedure could also lead to unprecedented fines.

To complicate the picture, Rome is also scrambling to avoid a sales-tax increase worth 23 billion euros, which is due to kick in automatically next year unless the money can be found elsewhere.

Both the League and its coalition partner 5-Star Movement have ruled out a sales tax hike, but have yet to spell out how they will cover the gap.

G20 finance chiefs express concern over risks from ‘intensified’ trade conflict

FUKUOKA, Japan ( ) – Group of 20 fi上海夜生活论坛nance leaders on Sunday said that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict.

After fiery negotiations that nearly aborted the issuance of a communique, finance ministers and central bank governors meeting in southern Japan repeated tepid support for a rules-based multilateral trading system.

“Global growth appears to be stabilizing and is generally projected to pick up moderately later this year and into 2020,” the G20 finance leaders said in a communique issued as the meetings in Fukuoka closed.

“However, growth remains low and risks remain tilted to the downside. Most importantly, trade and geopolitical tensions have intensified. We will continue to address these risks and stand ready to take further action.”

It also said that G20 finance leaders had agreed to compile common rules by 2020 to close loopholes used by global tech giants such as Facebook and Google to reduce their corporate taxes.

The communique also contained pledges to increase debt transparency on the part of borrowers and creditors. Another priority is sustainable infrastructure development, an issue brought into sharper focus by concerns that China’s massive Belt and Road infrastructure drive was saddling poor countries with debt they can’t repay.

DROPPED CLAUSE

However, the final language excluded a proposed clause to “recognize the pressing need to resolve trade tensions”, which was dropped from a previous draft debated on Saturday.

The deletion, which G20 sources said came at the insistence of the United States, shows a desire by Washington to avoid encumbrances as it increases tariffs on Chinese goods. The statement also contains no admissions that the deepening U.S.-China trade conflict is hurting global growth.

International Monetary Fund (IMF) Managing Director Christine Lagarde emphasized that “the first priority should be to resolve the current trade tensions” while working to modernize international trading rules.

Related CoverageBOJ Kuroda: G20 reaffirms commitment to use all tools to fight risksECB’s policy message well understood by market: ViscoSee more stories

The IMF this week warned that, while growth is still expected to improve this year and next, the U.S.-China tariff war could cut 0.5 percent from global GDP output in 2020, about the size of G20 member South Africa’s economy.

U.S. Treasury Secretary Steven Mnuchin on Saturday said he did not see any impact on U.S. growth from the trade conflict and that the government would take steps to protect consumers from higher tariffs.

Mnuchin met People’s Bank of China (PBOC) Governor Yi Gang on Sunday in the first meeting of high-level U.S. officials in a month, but it produced no immediate result. Mnuchin described the meeting as “constructive” and “a candid discussion on trade issues”, but offered no further detail.

The PBOC said in a statement that the two finance officials “exchanged views on global economic and financial situation, G20 issues, as well as topics of mutual interest”.

The Buenos Aires G20 summit in December 2018 marked the start of a five-month trade truce between the United States and China to allow for negotiations to end their intensifying trade war. But those talks hit an impasse last month, prompting both sides to impose higher tariffs on each other’s goods as the conflict nears its first anniversary.

TRUMP-XI SUMMIT

The widening fallout from the U.S.-China trade war has tested the resolve of the group to show a united front as investors worry if policymakers can avert a global recession.

The bickering over trade language has dashed hopes of Japan, which chairs this year’s G20 meetings, to keep trade issues low on the various agendas at the finance leaders’ meeting.

Mnuchin said that U.S. President Donald Trump and Chinese President Xi Jinping would meet at a June 28-29 G20 summit in Osaka, but the meeting has not been confirmed by China.

The planned meeting was said by Mnuchin to have parallels with the two presidents’ Buenos Aires meeting on Dec. 1, when Trump was poised to increase tariffs on $200 billion of Chinese goods.

Trump took that step in May and will be ready to impose similar 25% tariffs on a remaining $300 billion list of Chinese goods around the time of the Osaka summit.

At the Buenos Aires meeting, the G20 leaders described international trade and investment as “important engines of growth, productivity, innovation, job creation and development. We recognize the contribution that the multilateral trading system has made to that end,” their communique said.

The leaders in that communique called for reform of World Trade Organization rules that they said were falling short of objectives and pledged to review progress at the Japan summit.

Ex-Trump adviser Flynn talking to Congress about testifying in Russia probe: lawyer

((In March 30 item, corrects spelling of Kislyak in paragraph 3))

WASHINGTON ( ) – Donald Trump’s former national security adviser, Michael Flynn, has offered to testify before congressional committees probing potential ties between the Trump campaign and Russia but wants protection against “unfair prosecution,” his lawyer said on Thursday.

“General Flynn certainly has a story to tell, and he very much wants to tell it, should the circumstances permit,” said a statement from Flynn’s lawyer, Robert Kelner.

Testimony from Flynn could help shed light on the conversations he had with Russian Ambassador to the United States Sergei Kislyak last year when he was the national security adviser for Trump’s presidential campaign.

Kelner said discussions had taken place about Flynn’s availability to testify with officials of the intelligence committees of both the U.S. Senate and the House of Representatives. Both committees are investigating allegations of Russian meddling in the U.S. election campaign last year as well as possible ties between the Trump campaign and Russians.

Flynn was forced to resign as Trump’s national security adviser in February for failing to disclose talks with the Russian ambassador before Trump took office about U.S. sanctions on Moscow and misleading Vice President Mike Pence about the conversations.

Questions remain about the scope of the discussions and what other contacts took place between other Trump advisers with the Russians. Earlier this week, the White House disclosed that Trump’s son-in-law and White House senior adviser, Jared Kushner, met executives of Russian state development bank Vnesheconombank, or VEB, in December.

U.S. intelligence agencies have said Russ上海夜网ia hacked emails of senior Democrats and orchestrated the release of embarrassing information in a bid to tip the presidential election in favor of Trump, whose views were seen as more in line with the Moscow’s.

Russia has denied the allegations. Trump has dismissed suggestions of links with Moscow as Democratic sour grapes for losing the election.

‘WITCH HUNT ENVIRONMENT’

The Wall Street Journal, citing officials with knowledge of the matter, reported on Thursday that Flynn had sought immunity from the Federal Bureau of Investigation and the House and Senate intelligence panels in exchange for his testimony. The newspaper said he had so far found no takers.

The House denied the Journal report. “Michael Flynn has not offered to testify to HPSCI in exchange for immunity,” committee spokesman Jack Langer said in a statement.

The FBI declined to comment. The Senate committee did not immediately respond to a request for comment.

Kelner’s statement did not mention the FBI.

He said Flynn “is now the target of unsubstantiated public demands by Members of Congress and other political critics that he be criminally investigated.”

Kelner said Flynn would not “submit to questioning in such a highly politicized, witch hunt environment without assurances against unfair prosecution.”Independent Senator Angus King, a member of the Senate Intelligence Committee, told CNN he could not confirm the Journal report, but “if that turns out to be the case, that’s a significant development I believe because it indicates that he has something important to say.”

TREASURIES-Yield curve flattens after inflation edges higher

NEW YORK, June 11 ( ) – A drop in two-year Treasury prices flattened the yield curve on Tuesday after a Labor Department report showed producer prices increased in May for the second consecutive month, pointing to a steady pick-up in underlying inflation pressures.

Producer prices excluding food, energy and trade services rose 0.4% last month, matching April’s gain, the government said. The so-called core PPI increased 2.3% in the 12 months through May after rising 2.2% in April.

The report appears supportive of the Federal Reserve’s view that recent weak inflation readings are transitory. Fed policymakers are scheduled to meet on June 18-19 against the backdrop of rising trade tensions, slowing U.S. growth and a sharp step-down in hiring in May that have led financial markets to price in at least two interest rate cuts by the end of 2019.

A rate cut, however, is not expected next Wednesday.

An increase in inflation could temper those expectations, because the Fed uses rate hikes to contain gains in inflation. The two-year yield, which reflects market expectations of rate hikes, rose 3.4 basis points to 1.934% in morning trade. That narrowed the spread between two- and 10-year yields, the most common measure of the yield curve, to 22.1 basis points from 23.9 on Monday.

Investors will closely watch the consumer price index report on Wednesday for further evidence of inflation. Expectations for a cut in July have been roughly stable since Monday, last around 66.7%, according to CME Group’s FedWatch tool.

“Really the key data point for this week is going to be CPI. It is a question of whether inflation is transient – every data point is going to be important to make that determination,” said Subadra Rajappa, head of U.S. rates strategy at Societe Generale.

The Treasury Department’s auction of $78 billion of government debt this week, beginning with the sale of $38 billion in three-year government notes on Tuesday, will also be in focus. Increased supply tends to lower prices and lift yields, broadly the trend in Tuesday morning trade.

“The focus is going to be on supply so there might be a little bit of a concession getting built into the market ahead of the auctions,” said Rajappa.

“We’ve seen a tremendous rally in bonds, so given today’s concession I think the three上海夜生活网-year auction should go OK.”

REFILE-GLOBAL MARKETS-S&P stock futures fall, Asian stocks slip as U.S.-China trade tensions simmer

(Refiles to correct spelling in latest Trump tweet)

* We are right where we want to be with China: Trump

* Trump-Xi talks likely at G20 summit: White House aide Kudlow

* Asian stock markets: tmsnrt.rs/2zpUAr4

* S&P 500 futures, Japan’s Nikkei fall 1% in early trading

* Major currencies calm for the moment

By Wayne Cole and Tomo Uetake

SYDNEY, May 13 ( ) – U.S. stock futures fell and Asian shares slipped in early trade on Monday on growing uncertainty over whether the United States and China will be able to reach a deal to end their trade war after Washington sharply hiked tariffs.

E-Mini futures for the S&P 500 shed 1.1%.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.2%, nearing its two-month low marked on Thursday.

Japan’s Nikkei average sunk as much as 1.0% to hit its lowest level since March 28. It last traded down 0.6%,

U.S. benchmark 10-year Treasury note yield inched down to 2.437%, partly as a safe haven but also on speculation a trade war would cloud global growth and thus keep major central banks accommodative.

The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests.

President Donald Trump tweeted late on Sunday that the United States is “right where we want to be with China,” adding that Beijing “broke the deal with us” and then sought to renegotiate.

The trade war between the world’s top two economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after President Donald Trump said Beijing “broke the deal” by reneging on earlier commitments. China has vowed to retaliate, without giving details.

White House economic adviser Larry Kudlow told a Fox News program that China needs to agree to “very strong” enforcement provisions for an eventual deal and said the sticking point was Beijing’s reluctance to put into law c上海夜生活hanges that had been agreed upon. Kudlow said the U.S. tariffs would remain in place while negotiations continue.

Beijing remained defiant.

“Talks are on-going, but our base case is for limited progress and Chinese retaliation. We see a significant risk for all Chinese imports to be subject to tariffs over the next month or so,” said Michael Hanson, head of global macro strategy at TD Securities.

“The market reaction will ultimately depend on whether China and the U.S. continue to negotiate, whether the remaining $325 billion of U.S. imports from China also get tariffed, how China retaliates, and what happens to the 232 auto tariffs.”

Under that scenario, the renminbi was likely to fall between 5%-6% against the U.S. dollar in the coming three months, said Hanson, as a shock absorber to the economic impact of heavier tariffs.

The other major currencies were relatively calm, with the safe-haven yen still supported but not aggressively so. The dollar was holding at 109.72 yen, down 0.2 percent on the day and just above a 14-week trough of 109.46.

The euro was steady at $1.1235, while the dollar was a fraction softer against a basket of currencies at 97.295 .

The offshore Chinese yuan fell to its lowest levels in more than four months at 6.88 to the dollar. It last stood down 0.5 percent at 6.878 per dollar.

In commodity markets, spot gold firmed 0.2 percent to $1,287.81 per ounce.

Oil prices were softer in line with the general mood of risk aversion. U.S. crude was last down 0.5 percent to $61.33 a barrel, while Brent crude futures lost 0.2 percent to $70.49.

UPDATE 1-Speculators cut bullish bets on U.S. dollar – CFTC and

(Adds dollar, yen and yuan details)

By Kate Duguid

NEW YORK, May 10 ( ) – Speculators cut their net long bets on the U.S. dollar in the latest week, according to calculations by and Commodity Futures Trading Commission data released on Friday.

The value of the net long dollar position was $38.08 billion in the week ended May 7, down from $38.88 billion the prior week.

To be long a currency means traders believe it will rise in value, while being short points to a bearish bias. The speculative market has been long on the dollar since mid-June last year.

U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the yen, euro, British pound, Swiss franc, and Canadian and Australian dollars.

In a broader measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the U.S. dollar posted a net long position of $34.34 billion in the week to May 7, compared with $34.92 billion the previous week.

Speculators cut their bullish positions a上海夜生活网s the dollar index fell after U.S. President Donald Trump on May 5 said he would increase tariffs on up to $200 billion worth of imports from China – a policy which went into effect Friday. The ratcheting up of trade tensions also drove the offshore Chinese yuan to four-month lows.

In the latest week, speculators cut short bets on the Japanese yen for the first time since mid-February . The Japanese yen is a safe-haven currency and has benefited from increasing trade tensions between the United States and China.

Rhetoric or reality? Arabs struggle to decode Trump’s Mideast rhetoric

DUBAI ( ) – The future leader of the Middle East’s top foreign ally is, in the words of a Saudi prince, an anti-Muslim “disgrace”, openly disdainful of Arab security partnerships, who believes Saudi Arabia would cease to exist for long without the United States.

Donald Trump’s presidential election victory means he is the man Washington’s Arab allies must deal with after his January inauguration, as they seek U.S. help to end wars from Syria to Mosul, manage humanitarian crises and provide jobs for their populations at a time of low oil prices.

Trump’s campaign tirades against Muslim migrants – the target of Prince Alwaleed bin Talal’s comments on Twitter – and against Arab allies who don’t “pay” for U.S. support suggest the relationship could be delicate.

How far Trump the president will differ from Trump the polarizing election candidate is not clear.

Brief, congratulatory messages flowed quickly from Arab allies, including one from Saudi King Salman bin Abdulaziz, who wished Trump success in “achieving security and stability in the Middle East and the wider world”.

But underneath the protocol, for many Arab rulers and royals Trump’s victory is a source of anxiety. They now face a new America led by Trump who, they fear, could upend a regional order that has prevailed for decades.

Some ordinary Arabs like Trump’s no-nonsense style, and praise what they see as his capacity for tough leadership.

“A strong leader … that is what is needed here in the Middle East and all across the world,” said Ali al-Muhannadi, 57, a Qatari owner of an electrical company, filling his car up at a petrol station in Doha on Wednesday.

Muhannadi saw Trump as a useful ally in confronting the jihadist threat, saying he is “very frank and not like a politician. Islamist radicals are bad for the West and for us too”.

But privately there are concerns about a lack of clarity in Trump’s policies for the world’s most combustible region as it struggles to break free from war while trying to safeguard the free flow of its oil exports.

DISAFFECTED ARAB YOUTH

In particular there are worries that Trump’s hostile rhetoric towards Muslim migrants will play into the hands of Islamic State and al Qaeda, w上海夜生活网hich are eager to recruit disaffected young Arabs to wage war on the regional governments they despise as stooges of Washington.

Gulf Arab leaders want a U.S. president who understands their concerns after eight years of what they regard as diffidence under President Barack Obama, someone who did not provide the kind of personal contact they value.

In particular they want help to push back against Iran, their main rival. But they fear Trump’s public praise for Vladimir Putin will encourage Russia to expand its support for Syrian President Bashar al-Assad, an ally of Iran and an enemy of most Gulf Arab states.

Apart from a commitment to Israel’s security, a constant in U.S. foreign policy, and an isolationist tone to his comments, much in Trump’s statements about the region remains vague and poorly thought out, diplomats and analysts say.

Opinion is divided about whether Trump’s remarks on the campaign trail will be enacted when in office. Among these is his comment that he would consider halting U.S. purchases of Saudi oil unless Riyadh provides troops to fight Islamic State.

Faisal Al Yafai, a commentator at The National newspaper, said many people thought Trump had used his extravagant comments to win votes and once in office he would mellow.

“I am unconvinced. I think he actually believes his rhetoric. It’s quite worrying that he doesn’t seem to understand how global politics works,” he said. “For example you don’t go around saying ‘if our allies were threatened we wouldn’t intervene, why can’t they build their own nuclear weapons?’”

“That sort of stuff doesn’t help confidence. That collapse of confidence between the U.S. and its allies has a knock-on impact on the economies and in the decisions those countries take on a political level.”

Yafai, whose newspaper is based in the United Arab Emirates, noted Iraqis were putting their lives on the line to regain Mosul, Islamic State’s main stronghold in the country. “That is not just a war for the region, it is a war for the world,” he said.

Others are more sanguine.

A senior Turkish official predicted continued strong relations with the United States and argued that “comments in an election period always have a harder and more hawkish tone than is necessary. But they remain peculiar to the election period.”

SAUDIS “READY TO TAKE A RISK”

Prince Sultan bin Khaled al Faisal, a former Saudi special forces officer and now senior fellow at the King Faisal Center for Research and Islamic Studies in Riyadh, said that in U.S. elections “what they say and what they do are two totally different things”.

“Foreign policy is not made by one man,” he said. “But it’s difficult to pinpoint what his policy actually is.”

Trump’s remarks have been combative, and eye-catching. He has said the United States should be reimbursed by the countries it provides protection for.

Without America, “Saudi Arabia wouldn’t exist for very long,” Trump told the New York Times in March.

Trump’s win drew a cautious welcome in Syria, which has entered its fifth year of war between rebels and Assad’s forces.

In Damascus, Syrian member of parliament Sherif Shehada said U.S. policy could shift Assad’s way. “We must be optimistic, but cautiously optimistic,” Shehada told by telephone.

Trump’s statements on Syria, and his more open-minded stance towards Assad’s ally Russia, have fueled rebel concern about the policy he may adopt on the conflict, in which the Russian air force has been bombing insurgents.

But beyond all that, many officials and observers see another ominous consequence.

Trump’s win has not only delighted Western right-wingers but also jihadists who told supporters the election had revealed the true position of the United States towards Muslims.

“The masks have slipped,” one supporter said on Islamic State websites. “(Trump’s) moronic declarations alone serve us even if his decisions will be under the supervision of the Senate…,” wrote another.

Publishers sue Peloton for using songs by Katy Perry, Rihanna, Timberlake, others

NEW YORK ( ) – Publishers representing the writers of songs by Bruno Mars, Katy Perry, Rihanna, Justin Timberlake, Carrie Underwood and hundreds of other artists sued Peloton Interactive Inc on Tuesday, accusing the maker of video-streaming stationary bicycles of copyright infringement.

In a complaint filed in Manhattan federal court, the 10 publishers are seeking more than $150 million in damages, accusing Peloton of exploiting their songs by using more than 1,000 in its videos without permission.

They said Peloton must stop “trampling” their rights by using their songs for free. They noted that the company having obtained song licenses from other publishers showed it “full上海夜生活网y understood what the copyright law required.”

Peloton, in a statement, said it is reviewing the complaint. It also said it has “great respect for songwriters and artists,” and has “invested heavily to build a best-in-breed reporting and licensing system.”

The New York-based company is expected to seek a more than $4 billion valuation in an initial public offering that could occur in the second half of 2019, The Wall Street Journal said.

Founded in 2012, Peloton sells bicycles starting at $2,245, in packages that it said require signing up for memberships to access live and on-demand classes for cycling, running, yoga and other activities. Access to unlimited classes costs $39 a month.

The 10 music publishers include Big Deal Music, Downtown Music Publishing, Ole, Peermusic, Pulse Music Publishing, Reservoir, The Richmond Organization, Round Hill, Royalty Network and Ultra Music.

They said Peloton’s infringements cover songs by a who’s who of the music industry, such as the unauthorized use of Rihanna’s “Umbrella” in at least 55 workout videos.

The list of alleged infringements includes such songs as Mars’ “Grenade,” Perry’s “Roar,” Timberlake’s “SexyBack” and Underwood’s “Before He Cheats.”

It also includes older songs such as Celine Dion’s version of John Lennon and Yoko Ono’s “Happy Xmas (War Is Over),” Rush’s “Tom Sawyer” and Bobby “Boris” Pickett’s Halloween staple “Monster Mash.”

David Israelite, chief executive of the National Music Publishers’ Association, a trade group representing the plaintiffs, in a statement said music was responsible for much of Peloton’s business success.

“We look forward to getting music creators what they deserve,” he said.

The case is Downtown Music Publishing LLC et al v Peloton Interactive Inc, U.S. District Court, Southern District of New York, No. 19-02426.

Trump’s trade war cost U.S. economy $7.8 billion in 2018: study

WASHINGTON ( ) – President Donald Trump’s trade battles cost the U.S. economy $7.8 billion in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this week showed.

Authors of the paper said they analyzed the short-run impact of Trump’s actions and found that imports from targeted countries declined 31.5 percent while targeted U.S. exports fell by 11 percent. They also found that annual consumer and producer losses from higher costs of imports totaled $68.8 billion.

“After accounting for higher tariff revenue and gains to domestic producers from higher prices, the aggregate welfare loss was $7.8 billion,” or 0.04 percent of GDP, the researchers said.

The study was authored by a team of economists at the University of California Berkeley, Columbia University, Yale University and University of California at Los Angeles (UCLA) and published by the National Bureau of Economic research. www.nber.org/papers/w25638

Having dubbed himself the “tariff man,” Trump pledged on both the campaig上海夜网n trail and as president to reduce the trade deficit by shutting out unfairly traded imports and renegotiating free trade agreements.

Trump has pursued a protectionist trade agenda to shield U.S. manufacturing. Washington and Beijing have been locked in a tit-for-tat tariff battle for months as imposing unilateral tariffs to combat, and Trump has imposed tariffs that have roiled the European Union and other major trading partners.

The authors said while U.S. tariffs favored sectors located in “politically competitive” counties, the retaliatory tariffs imposed on U.S. goods have offset the benefits to these areas.

“We find that tradeable-sector workers in heavily Republican counties were the most negatively affected by the trade war,” the researchers said.

Francis believes that Sanchez can be the United’s missing part

Gerry Francis, the former Quee上海夜生活ns Park Rangers player, insisted that Alexis Sanchez is the “finished article” the Red Devils desperately needed to buy to become one of the greatest world’s clubs again.

The former QPR player spoke about Sanchez’s skills as he said, according to Sky Sports: “Sanchez is a real goalscorer, he’s talented and he’s aggressive around the box and he makes things happen, he can pull teams through. It’s [about] the present, you’re looking to win trophies and looking to win competitions and sometimes you need to buy and have the finished article and Sanchez is certainly that.”

He also shared his thoughts on his effect on the squad: “It just makes them as a squad that much stronger. Certainly a much bigger goal threat with Sanchez. He’s proven year in and year out that he can score goals. From Jose Mourinho’s point of view, it gives him another very, very strong arrow for his bow.”Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

Peter Odemwingie, the former West Brome striker, also believes that Sanchez will have an immediate impact: “If you look back 10 years when Manchester United were probably the most successful team in Europe the average age was much higher and they were a better team.  Of course, all credit to the younger boys they are doing really well but it’s a more natural process to slowly groom them and not just make them key players. I think a bit of maturity is needed to go back to the heights they were before.”

In the end, Odemwingie said that Sanchez will make the everyone’s stats better: “They [younger players] took their chances well but stats should be what they rely on, and if Sanchez comes in and his stats are better – as much as you think they are the future of the club – they have to be patient and wait for the time they are ripe enough for such a massive club.”

Ronaldo unsettled

The world class superstar is growing increasingly frustrated with his wage and performances

Real Madrid icon, Cristiano Ronaldo is reportedly unsettled with his current situation at Real Madrid, according to ESPN.

The 33-year-old has been under a spell of poor form, as of late. Cristiano’s frustration on the pitch grows with each lackluster performance, and one can only wonder how long this stint will last.

Cristiano Ronaldo is one of the most accomplished footballers of all time, with; five Ballon d’Or’s, four Champion’s League trophies, two La Liga-titles, three Premier League-titles, to note a small fraction of Cristiano’s success.Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

The portugese national must find his infamous form, in order to keep up with rival players, such as Messi and Neymar, in the run for this years Ballon d’Or award.

It is reported that Cristiano Ronaldo feels hard done by, regarding his wage. Under agent Jorge Mendes, Ronaldo will be aware of the ever-growing list of players worldwide, that earn more than he does. He has reportedly contacted 上海夜生活网Real Madrid regarding a pay rise since May, only seven months after signing a new contract with Real Madrid.

Ronaldo’s newly signed contract keeps him at Los Blancos until 2021.

Lingard happy with United spirit

The Red Devils managed to secure a draw against Burnley after上海夜生活网 coming back from a 0-2 deficit.

Manchester United striker Jesse Lingard praised his team-mates for not giving up in what appeared to be a rather frustrating day at Old Trafford.

The England international did not feature in the starting XI of the Red Devils in their 2-2 draw with Leicester City, but was brought into play from the bench against the Clarets to help his side seal a point.

Mourinho’s men were 2-0 down at half-time following goals from Ashley Barnes and Steven Defour, but Lingard scored a brace to deny the Clarets the three points at Old Trafford.

However, United’s draw means that Manchester City can create a 15-point gap on top of the league if they manage to beat Newcastle United on Wednesday.Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

“If we had played for another five or 10 minutes, we would have won the game,” he told MUTV.

“[The message at half-time] was always believe. Never give up. We knew we had another 45 minutes to play so we had to be patient, keep moving the ball, moving Burnley about, and eventually we created two clear-cut chances which we scored from.

“This role, further inside, allows me to be closer to the striker, to get in the box, create more things and obviously have more shots at goal. I thought we could nick it towards the end but obviously time ran out and now we look forward to the next game [against Southampton].

“We always have that fighting spirit, that never-give-up attitude and we’ll see where it gets us.”

Shearer certain Kane can score anywhere

The England international broke a Premier League record as Spurs won 5-2 against Southampton on Boxing Day.

Alan Shearer believes that Tottenham Hotspur forward Harry Kane has what it takes to perform for a time like Barcelona or Real Madrid.

Kane scored a hat-trick on Tueday against the Saints, taking his record to 39 Premier League goals in 2017 and surpassing Alan Shearer’s record.

Kane’s consistent output of solid performance has seen him linked with a number of European giants and Shearer believes that the interest from other clubs might prove a big problem for Spurs, especially if Kane seeks to win trophies.

“Not only has he beaten my calendar-year record in the Premier League, but with his second successive hat-trick he eclipsed Lionel Messi and Cristiano Ronaldo for goals in all competitions in 2017 for club and country,” Shearer wrote in The Sun .Berbatov: It’s not the right time for Pochettino to move George Patchias – Dimitar Berbatov doesn’t think it’s t上海夜生活论坛he right time for Mauricio Pochettino to leave Tottenham Hotspurs or for him to join the likes of Madrid…

“That is some company to be in but, believe me, he could score goals for Barcelona and Real Madrid as well. There lies the problem for Spurs going forward, of course

“The club will not want to move into their brand new stadium without their biggest star. ‘One of our own’ as the Spurs faithful chant.

“But things have stalled a bit on the pitch after title tilts in the last two seasons, although they have been impressive in the Champions League.”

Meanwhile Kane is on the right track of securing a third consecutive Premier League Golden boot, an achievement only done by Shearer(1994-97) and Thierry Henry(2003-06).

Rivaldo confident Coutinho will thrive in Barcelona

The Reds ace is still heavily linked with a move to Camp Nou.

Liverpool midfielder Philippe Coutinho will be a success in Barcelona, according to former Catalan Rivaldo. The ‘Magician’ from Anfield was a subject of serious speculations over the summer transfer window, and the rumours linking him with the Catalans have once again surfaced the media.

The Catalans will surely have to fork out a big amount of money to secure the Brazilian, but former Brazil international Rivaldo has no second thoughts regarding Coutinho, whom he sees as a perfect fit for the La Liga side.

“I do not know if the signing will be made or not because there is a lot of money involved, but I am convinced that if he comes to Barca, he will succeed because it is easy to succeed here with the quality he has.” Rivaldo said in front of Mundo Deportivo.Leicester boss Brendan Rodgers relishing Liverpool return Andrew Smyth – Brendan Rodgers is relishing Leicester City’s trip to his old club Liverpool, whom he described as a “privilege” to work for during his three-year stint.

“His football will be embraced by the fans of Barca.”

Meanwhile another Brazilian, Paulinho, has proven to be a great ba上海夜生活rgain for Barca, following a surprising move from the Chinese side Guangzhou Evergrande.

“Paulinho is doing a great job.” Rivaldo added.“He is an important player in both Barcelona and the national team.”

AC Milan prepare January bid for Aguero

AC Milan are prepared to further invest in transfers and are monitoring the situation of Sergio Aguero.

Pep Guardiola has long been targeting his former player Alexis Sanchez, whose contract with Arsenal is set to expire next summer. In fact, Manchester City were very close to secure the transfer of Sanchez last summer, when they had a €70m bid accepted. However, the move collapsed after Arsenal failed to sign Thomas Lemar as a replacement.  The Citizens are now confident that a €20m bid in January will persuade the Gunners to allow the Chilean to move to Emirates.Report: West quit Milan because of the Mafia George Patchias – Taribo West claims he quit AC Milan because of the Italian mafia.The retired Nigerian international defender Taribo West claims he left Milan almost 19…

And now AC Milan are set to look into how they can benefit from Sanchez’s move to Manchester City. According to Daily Mail, the Rossoneri will enquire about Sergio Aguero in January, confide上海夜网nt that they could lure the Argentinian away from Etihad.

Sergio Aguero is on track to become Manchester City’s all-time top goalscorer. The Argentinian scored seven goals in eight matches this season and is very close to break the record of Erik Brook, who scored 177 goals for the Citizens. However, the 29-year-old is currently out of action after suffering a broken rib in a car crash in Amsterdam at the end of last month.

Preview: Monaco – Besiktas

Besiktas are top of Group G with six points and will be travelling to Monaco to face the team at the bottom of the group, with only one point acquired in the first two matches.

Flashscore presents the key facts before the match:

Alvaro Negredo (Besiktas) scored the goal to knock Monaco out of the tournament (4-3 aggregate win) in the play-off round of ‘15/16 when he was a Valencia player.

Falcao has scored 14 goals in 15 games in all competitions this season. He also has history with Besiktas, having scored home and away whilst at Porto in the Europa League campaign of ‘10/11.

Monaco have a strong home record in European competition and are unbeaten in 12 of their last 15 home games, a run they will hope carries on after a poor start to the group stage (D1, L1).Willian warns Chelsea of ‘difficult’ Ajax threat Andrew Smyth – Willian admits Chelsea will need to prepare well for their next Champions League clash at Ajax after overcoming Lille OSC 2-0 on Wednesday.

There is always potential for a goal fest when Monaco take to the field, as there has been over 2.5 goals in 9 of their last 11 games.

Besiktas are not afraid of a big challenge, with on average 16.25 fouls, and 2.5 cards per game this season. They have a foul per tackle r上海夜网atio of 1.05, making on average more fouls than clean tackles per game.

Missing players

Monaco: L. Badiashile (arm injury), G. Carillo (foot injury), S. Jovetic (thigh injury)

Besiktas: D. Boyko (doubtful), A. Nukan (doubtful), G. Tore (doubtful)

Neville: “Arsenal showed how good they could be”

It was a bit surprising result as Arsenal managed to win the north London derby against Tottenham and after a 2-0 win, there is just a one-point difference between these two sides.

The former Manchester United defender, Gary Neville, is certain that Arsenal just finally showed their full potential as they were the dominant side in this crucial match against their main rivals. Shkodran Mustafi scored the winning goal and hugely criticized Alexis Sanchez added the second – Tottenham were completely eliminated by the Gunners and they didn’t show barely anything in this game.

Gary Neville hadn’t thought even before the match that Arsenal was going to lose this one as he said, according to Sky Sports: “I didn’t think Arsenal would lose before the game being honest because I think after international duty, to go away from home at 12.30pm, is not easy. But that’s as good as I’ve seen Ar上海夜生活senal, it really is. I wondered after ten minutes would they be able to keep it up? Is it just a bold start that would fizzle out? But it was a really, really good performance. Overall my assessment of the game today was Arsenal were absolutely fantastic from number one to 11. There wasn’t a poor performer.”Top 5 Premier League players in September’s last weekend Tomás Pavel Ibarra Meda – A fresh Premier League fixture just ended, which means we can talk about the Top 5 best players of September’s last weekend.After a fresh…

He evaluated the match further on: “From minute one, they pressed onto that Tottenham back three, made them anxious and made them nervous. A very good back three as well by the way. I have to say I thought the intent from that front three, supported well and sustained by Granit Xhaka and Aaron Ramsey, won them the game in terms of setting the tone.”

In the end, the Red Devils legend added: “If you think about the teams I played in and you’ll have seen it yourself over the years when the best players in the team are setting the tone and working hard and making challenges the rest of you follow and come with you.”

Conte: I trust my players

Chelsea manager Antonio Conte claimed he trusts his players, as the Blues face a tough schedule with playing every three days

Antonio Conte says it would be “normal” to rotate his Chelsea side for Wednesday’s Champions League clash with Qarabag, Sky Sports reports.

The Italian boss says Chelsea will take nothing for granted against a side that they have defeated 6-0 at home back in September.

The Chelsea coach claimed he will take Saturday’s Premier League game against Liverpool into consideration when he selects the starters against Qarabag.

Conte knows how important a win would be for the Blues, as if they manage to take all 3 points home, Chelsea will secure a spot for themselves in the knockout stages of the Champions League.

“For sure I have to make the best decision for these games, because we are playing every three days. I trust all my players and it is normal to have rotation,” Conte said. Report: Lukaku out of Barcelona game George Patchias – Romelu Lukaku has been ruled out of Inter Milan’s game against Barcelona at the Camp Nou.Inter Milan face Barcelona tomorrow evening at the Camp…

“I have a squad with great maturity and they know very well the importance of the game and we must have great focus to beat a good team,” the Italian praised his players.

Qarabag have performed well in Group C of the Champions League drawing 0-0 and 1-1 against Atletico Madrid.

“They drew twice with Atletic上海夜生活网o and we have great respect for this team,” Conte explained.

“We must be very clear. If someone thinks that we are sure to win, it will not be easy. For us the game against Qarabag is very important, as we don’t want to wait to go through.”

“If we win we go into the next round, it is a really good target for us. To reach this target for us before the game against Atletico will be very important,” the coach claimed.

Antonio Conte also confirmed the return of Eden Hazard for Wednesday’s game, but said Victor Moses and Michy Batshuayi remain out.

Pickford sure that his side won’t be relegated

It has been a terrible season so far for the Toffees but their goalkeeper, Jordan Pickford, is confident that they can turn it around and avoid the relegation but they need to focus on themselves and improve.

Everton are currently placed 18th in the Premier League table and they are out of the Europa League after just four matches being played – now, they are about to face Watford at home and it’s going to be a crucial match for them as they need to escape the relegation zone in order to boost their confidence.

The former Sunderland goalkeeper and summer arrival, Jordan Pickford, is sure that his side won’t be relegated as he said, according to Goal: “It’s not been ideal but we are not far away from winning games. We’re not a club that is going to be in the bottom three for long I’d say. It’s just that the luck hasn’t come our way yet. It’s a totally different scenario for myself from last season. I think one win will get us to 13th or something in the league.”Wijnaldum looking to repeat Champions League success Nedim Maric – Liverpool are the reigning winners of the Champions League. However, this isn’t stopping them for aiming to get the glory once again.After a perfect…

And he knows that his side have to start improving to regain the confidence: “Then that one win can become back-to-back wins, and that is where the confidence grows, and it starts Sunday. We have had a bad lot of games. I love playing games week in week out, but it has been a change with the Europa League. That may have affected us. But we can’t be making excuses. We have to just move forward, dig in and get the win.”

The England international believes that his teammates are experienced enough to turn it around: “You have [fellow summer signing Wayne] Rooney, you have a lot of people who have been successful. The senior pros have all been successful in their careers, and that is where they help us. And then that is when the young lads become big characters when上海夜网 they wear their hearts on their sleeves in the games. We won’t be struggling – it will only make us go forward and get the wins that we need.”