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Yahoo News - Latest News & Headlines
Yahoo News - Latest News & Headlines

Corruption allegations long dogged ex-Mexico security chief
Mexico's former security chief was dogged by so many allegations of corruption and wrongdoing for so long that some said it was only a matter of time before he would be arrested. What amazed some was that it took so long, and that Genaro García Luna’s arrest this week came on U.S. soil rather than in Mexico. García Luna, 51, who left the security post nearly a decade ago, was charged in federal court in New York with three counts of trafficking cocaine and one count of making false statements.

Trump meets with Russian foreign minister amid impeachment chaos
White House said Trump warned Sergei Lavrov against Russian attempts to interfere in US elections, a claim Lavrov deniedDonald Trump held a closed-door meeting with the Russian foreign minister, Sergei Lavrov, at the White House on Tuesday, but the two men gave diverging accounts of what was discussed, on a day articles of impeachment were announced against the US president.The last time Lavrov visited the White House, in May 2017, Trump was reported to have disclosed highly classified information to him about US intelligence-sharing arrangements.On this occasion, the press were barred from the meeting, and were handed a White House statement saying, that among other topics: “President Trump warned against any Russian attempts to interfere in United States elections.”Asked about the statement at a press conference in the Russian embassy later the same afternoon, Lavrov claimed: “No we haven’t even actually discussed elections.”On being challenged again about the White House statement, Lavrov contradicted himself but insisted that he had brought up the subject, complaining to Trump about remarks the same day by the US secretary of state, Mike Pompeo, and offering to publish US-Russian correspondence on the issue from the last months of the Obama administration.“I told him that the secretary of state mentioned that publicly,” Lavrov said, through an official translator. “And in response I have publicly reminded that we have offered the current administration to publish the correspondence in the channel that was specially established to warn about cyber threats – the correspondence that happened between Moscow and Washington between October 2016 and January 2017.”The Russian foreign minister added: “That correspondence will show that we were prepared to cooperate on any issue that had to do with the US suspicions about our interference in elections, but the Obama administration rejected that vehemently.”US intelligence agencies have alleged that Russia interfered extensively in the 2016 presidential election, seeking to tilt the balance towards Trump. The president and his followers have sought to play down that finding and promote claims that Ukraine interfered on behalf of Trump’s opponent, Hillary Clinton. US intelligence found no evidence of systematic Ukrainian interference.On Tuesday, Democratic leaders in the House of Representatives unveiled articles of impeachment against Trump for abusing the office of the presidency in his bid to persuade Ukraine to announce an investigation into the 2016 Ukraine claims, in a bid to give them credence, and another enquiry into other political opponent, Joe Biden. Trump was also accused of obstruction of Congress, but Democrats decided against bringing an article of impeachment related to his relations with Moscow.Earlier on Tuesday, Lavrov publicly disagreed with Pompeo about Russian election meddling.“On the question of interference in our domestic affairs, I was clear it’s unacceptable, and I made our expectations of Russia clear,” Pompeo said. “The Trump administration will always work to protect the integrity of our elections, period. Should Russia or any foreign actor take steps to undermine our democratic processes, we will take action in response.”Lavrov rejected the accusation, calling it baseless.“There are no facts that would support that. We did not see these facts. No one has given us this proof because, simply, it does not exist,” Trump said.It is not clear what correspondence between the Obama administration and the Kremlin, that Lavrov said Russia wants to publish, would prove. Barack Obama said he personally confronted Vladimir Putin on Russian meddling in the US election, telling him to “cut it out”.It was also unclear why the Trump administration had invited Lavrov to Washington at the height of the impeachment scandal. Both US officials and Lavrov insisted that it was coincident the Russian foreign minister was in town at the same time the articles of impeachment were announced.Pompeo said there would be news of expanded trade between the countries announced soon, but there was disagreement over the future of the Ukraine, and whether the last arms control treaty between the two countries, New Start, should be extended. Putin has said he is ready to agree to an extension of five years or less. Trump and Pompeo both insisted that any future arms control arrangements should include China, a proposal Beijing has rejected because the size of its arsenal is much smaller.

New Zealand volcano vents steam, stymies recovery of bodies
A New Zealand island volcano vented more steam and mud Wednesday in an increase of geothermal activity that again delayed the recovery of victims' bodies from a deadly eruption two days ago. Volcanic tremors on White Island rose in the morning, accompanied by releases of more steam and mud, the GeoNet seismic monitoring agency said. Bruce Bird, an acting assistant police commissioner, said they were monitoring the situation hour by hour.

Yahoo Sports
Yahoo! Sports - News, Scores, Standings, Rumors, Fantasy Games

Safety hazard: Morant has an issue with NBA
Ja Morant hurt his back after a collision with a baseline camera operator, and the Grizzlies rookie thinks something needs to change.

Sean Payton took out his anger on a butcher after loss to 49ers: 'Worry about your freaking meat'
New Orleans Saints coach Sean Payton is having a tough time getting over his team's 48-46 loss to the San Francisco 49ers in Week 14. Things have gotten so bad that Payton apparently took out his anger on a local butcher who dared to question the Saints' strategy during the game, according to Katherine Terrell of The Athletic. The exchange took place after the butcher asked Payton about a crucial two-point conversion.

'Now it is turning personal': Patrick Reed hits back after Presidents Cup opponents' 'cheating' accusations
Who says the Presidents Cup is a pathetic copy of the Ryder Cup because it does not have any needle? This week it certainly has an edge with Patrick Reed telling his International opponents that they have made the match “personal” after accusing him of “cheating”. While the game expected the spotlight to shine almost exclusively on Tiger Woods at Royal Melbourne - as the 15-time major winner experiences his first taste of US captaincy - instead it is the man who likes to refer to himself as “Captain America” who has monopolised the build-up.

Yahoo News - Latest News & Headlines
Yahoo News - Latest News & Headlines

Trump's Dec. 15 China tariffs threaten a long list of Christmas favourites
U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion (£124.71 billion) in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China. The White House's top economic and trade advisers, including Trade Representative Robert Lighthizer, Larry Kudlow, Peter Navarro, and Treasury Secretary Steven Mnuchin are expected to meet in coming days with Trump over that decision, one person briefed on the situation said. The way the tariffs are written, the Trump administration has to act, or else they automatically go into effect, trade experts said.

Meltdowns and touchdowns: How the U.S. scored a Canada-Mexico trade deal
Revising the U.S.-Mexico-Canada trade agreement took a year of acrimonious talks among Democrats, the chief U.S. negotiator and a labor union president - and may have set a world record for phones being slammed down in anger, according to one negotiator. On Tuesday top officials from Canada, Mexico and the United States signed the overhaul of the 1994 North American Free Trade Agreement (NAFTA) after House of Representatives Democrats won significant changes to the original text. The hard-won deal for the new U.S.-Mexico-Canada Agreement (USMCA) followed an intense weekend of negotiations that took place in person in Washington and by telephone, including with AFL-CIO union leader Richard Trumka, otherwise engaged on a hunting trip.

Aussie Faces Bumpy 2020 as Trade, Rates Split Analysts
(Bloomberg) -- Australia’s dollar is set for a turbulent 2020 as uncertainty around global growth, trade and interest rates divide analysts’ forecasts for the currency.Rabobank and Nomura Holdings Inc. see the Aussie dropping about 5% to 65 U.S. cents by December, wrenched lower by cooling economic growth and a dovish central bank. Others disagree: the currency may jump 15% to 78 U.S. cents in the same period on easing U.S.-China trade tensions, according to Monex Europe Ltd.“A worsening in trade tensions is the biggest risk for the Aussie dollar,” said Ranko Berich, head of market analysis at Monex in London. There are signs the world’s two biggest economies are likely to strike a compromise, and the Aussie will “benefit from a knee jerk risk-on reaction to the finalization of a phase one trade deal,” he said.Australia’s dollar has slumped more than 3% this year as the U.S.-China trade war pummeled risk assets, and taken an extra-large toll of the Aussie due to its role as a proxy for China’s economy. The currency slid to a 10-year low of 66.77 U.S. cents in August before stuttering along to trade at 68.14 cents on Wednesday in Sydney. Shrinking Australian bond yields are also having an impact. The Reserve Bank of Australia has cut its benchmark rate three times this year to a record-low 0.75% in an effort to revive growth. Futures markets are pricing in at least one more reduction in the first half of 2020.Asset managers have held a net-short position in the Aussie since 2017, according to data from the U.S. Commodity Futures Trading Commission. Hedge funds have also maintained bearish bets all year, although sentiment appears to be on the mend.Read More: Asset Managers Gear Up for Quantitative Easing in AustraliaNot everyone is bearish. Morgan Stanley says the Aussie may rise to 71 U.S. cents by the fourth quarter as an improving Chinese economy fuels demand for the currency. Bank of America Merrill Lynch tips the Aussie to rise to 73 U.S. cents by the end of 2020 amid a recovery in global growth.“Stronger Chinese growth, combined with improvement in the trade situation and a less dovish RBA, should have positive spillover into Asia risk and AUD/USD,” said Hans Redeker, a strategist at Morgan Stanley in London.Still, there are hurdles before the Aussie turns a corner.Local economic growth has slowed to the least in a decade, households are spending less and the central bank’s full employment target remains elusive. The RBA is starting to consider quantitative easing and may resort to it after the cash rate drops to 0.25%, Governor Philip Lowe said last month.Rabobank strategists see the RBA potentially embarking on QE in 2020 as the Federal Reserve resumes cutting U.S. interest rates.“Recent economic data have disappointed and we expect further monetary policy stimulus next year,” strategists including Jan Lambregts in London wrote in a note to clients. “Given our expectation that the Fed funds rate will be slashed in the second half of next year, there is a strong chance that the RBA will be announcing a bond-buying program around the same time.”(Updates numbers throughout)To contact the reporters on this story: Ruth Carson in Singapore at rliew6@bloomberg.net;Michael G. Wilson in Sydney at mwilson176@bloomberg.netTo contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Andreea Papuc, Nicholas ReynoldsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Yahoo News - Latest News & Headlines
Yahoo News - Latest News & Headlines

House votes, Senate trial: What's next in impeachment
The House Judiciary Committee is expected to vote on two articles of impeachment by the end of the week, sending them to the House floor for a vote by Christmas. Next would come a Senate trial, likely in 2020. The House Judiciary panel is preparing to debate and vote on the two articles of impeachment.

Remember When Russian Diesel Submarines Chased Down A British Nuclear Sub?
Depends if it actually happened.

A Florida sheriff office's captain told a deputy to act like a 'white supremacist' and a 'Nazi' when stopping a black murder suspect
The comment made by Monroe County Sheriff's Capt. Penny Phelps was recorded by a deputy's body camera during a conversation in late 2017.

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