Daily Politics - Latest News

In an interview on the "Daniel Davis / Deep Dive" channel, retired US Army Colonel Douglas Macgregor offered a stark analysis of the potential consequences of a US military attack on Iran. Macgregor warned that such action, driven by a push from figures like Mike Pompeo and major donors for regime change, would likely backfire catastrophically.

He argued that Iran, a nation of over 90 million with significant missile capabilities, cannot be successfully invaded or occupied. A strategy limited to economic strangulation and bombardment would likely trigger a devastating military retaliation against US regional bases and allies. This, Macgregor stated, would ...

A major service disruption is affecting GO Transit commuters following a train derailment near Union Station in downtown Toronto. The incident, involving a 12-car GO train on Monday, has caused extensive damage to railway infrastructure, including switches and signal systems, leading to major changes in the transit schedule.

Metrolinx, the regional transit authority, has confirmed that crews are working tirelessly on emergency repairs. However, significant delays and service reductions are expected to continue throughout Tuesday's morning and afternoon rush hours. The disruption affects multiple lines, with the Lakeshore East and Lakeshore West corridors experiencing the most notable service changes, including cancellations ...

Qantas has announced a strategic exit from the Asian low-cost airline market by selling its entire stake in Jetstar Japan. The Australian flag carrier is divesting its 47.5% shareholding to its joint venture partner, Japan Airlines, which will take full ownership of the budget airline. This move completes the Qantas Group's exit from a market where it has operated for over a decade.

The decision marks a significant strategic shift, redirecting the company's focus and resources towards its core domestic Australian network and key long-haul international routes. Analysts see the divestment as a disciplined decision to reallocate resources to areas of ...

Donald Trump has announced plans to sharply reduce US tariffs on Indian goods from 50% to 18%, a move closely linked to India’s ongoing purchases of discounted Russian oil. The decision marks a significant shift in US trade policy, combining economic diplomacy with geopolitical considerations around global energy markets.

India has become one of the largest buyers of Russian crude since Western sanctions were imposed following the war in Ukraine. By refining Russian oil and exporting fuel products to global markets, including the United States, India has increasingly contributed to stabilising energy supplies while benefiting from lower input costs. US officials ...

Investment filings reveal a strategic shift in technology holdings by prominent investor Peter Thiel. The portfolio adjustments show a substantial reduction in exposure to semiconductor giant Nvidia, coupled with increased investments in established tech leaders Apple and Microsoft. This reallocation represents a notable repositioning within the tech sector by an influential institutional investor.

Analysts suggest the move reflects a broader portfolio diversification strategy amid concerns about market volatility and high valuations in certain technology segments. By reducing semiconductor exposure and increasing holdings in large-cap, cash-generative companies, the strategy appears to balance growth potential with long-term stability. The adjustments demonstrate a shift ...

A significant batch of newly released emails from the Jeffrey Epstein files has intensified scrutiny of UK political figures, centering on former Cabinet minister Peter Mandelson. The correspondence, spanning several years, reveals a close personal and professional relationship between Mandelson and the convicted financier, even while Epstein was under house arrest.

The email disclosures show Mandelson sought Epstein's advice on personal and political matters, shared sensitive government information, and allegedly coordinated with the financier to influence economic policy. In one notable exchange from December 2009, while Mandelson served as Business Secretary, he suggested that JP Morgan CEO Jamie Dimon should "mildly ...

Bill Clinton and Hillary Clinton have agreed to testify before the House Oversight Committee, marking a reversal as the House prepared a vote to hold them in contempt of Congress. This decision followed a months-long standoff over subpoenas in the committee's investigation related to the late financier Jeffrey Epstein.

The House Oversight Committee, led by Chairman James Comer, had approved contempt measures after the Clintons previously refused to appear for scheduled depositions. The committee's subpoenas were issued as part of its investigation. The Clintons had criticized the probe as a partisan exercise, stating in a letter that there was "no plausible ...

The price of Ethereum (ETH) experienced a sharp and rapid decline, dropping more than 10% during a major market sell-off. This decline was worsened by a chain of forced liquidations, where nearly $3 billion worth of leveraged crypto positions were automatically closed by exchanges as prices fell.

The main cause was a large unwinding of overleveraged derivatives positions, especially long bets predicting higher prices. As Ethereum's price started to fall, it triggered automatic sell orders from traders using excessive borrowed money (leverage) to boost their bets. This forced selling created a self-perpetuating downward spiral, pushing prices lower and causing even more ...

Australia's central bank, the Reserve Bank of Australia (RBA), faces one of its most crucial monetary policy decisions in years, amid heated debate over whether to implement another interest rate increase. Critics argue that the bank has already "failed the inflation test of economic leadership," having kept rates too low for too long, which allowed inflationary pressures to become more entrenched.

This policy stance, analysts warn, now puts the RBA in a delicate position: increase rates more aggressively now or risk a more severe economic adjustment later. The central bank is trying to balance the need to curb inflation, which remains ...

The gold and silver markets experienced a significant downturn, with prices falling sharply as financial markets reassessed key drivers behind the recent record-breaking rally. The sell-off appears linked to two major factors: a shift in U.S. monetary policy expectations and a potential bubble in speculative demand.

The primary catalyst was the expected nomination of Kevin Warsh as the next Federal Reserve Chair. Markets interpreted this selection as signaling a move toward a potentially more hawkish monetary stance focused on inflation control and balance sheet reduction. This shift boosted the U.S. dollar and raised bond yields, which in turn diminished the appeal ...