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Australia's "accidental Kiwi" deputy prime mi
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PostPosted: 17 Apr 2019 05:32:17    Post subject:  Australia's "accidental Kiwi" deputy prime mi
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Australia's "accidental Kiwi" deputy prime minister renounced his New Zealand citizenship Tuesday amid sheep jokes
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, Hollywood taunts and conspiracy theories about a left-wing plot to topple Canberra's conservative government.


Deputy PM Barnaby Joyce revealed his New Zealand connection on Monday, sparking calls for him to stand down as it is illegal for dual citizens to sit in the Australian parliament.


By Tuesday afternoon, Joyce told parliament that authorities in Wellington had agreed he could renounce the New Zealand citizenship unknowingly acquired from his Dunedin-born father.


"We received verbal communication from New Zealand before question time that has now been accepted and we're looking forward to the written advice turning up pronto," he said.


The development does not mean the end of the bizarre affair, which threatens Prime Minister Malcolm Turnbull's one-seat majority in parliament. But Joyce will hope it bolsters the case to remain in his job
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, preserving the government's wafer-thin buffer, until the High Court determines if he is eligible to be an elected official.


The 50-year-old is best known internationally for threatening to euthanise Johnny Depp's dogs Pistol and Boo when they were brought into the country illegally.


Depp's ex-wife Amber Heard, who kept the dogs after they split, was revelling in his discomfort, tweeting Tuesday "when Barnaby Joyce said 'no one is above the law
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,' I didn't realize he meant New Zealand law.'" "To comfort Mr. Joyce in his hour [of] need, I have sent him a box of New Zealand's finest kiwi fruit (assuming this passes his biosecurity laws)," she added.


Joyce, who Depp once said "looks somehow inbred with a tomato," has long cultivated an image as a straight-talking Aussie bushman
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, usually sporting a wide-brimmed Akubra hat and elastic-sided farm boots.


The deputy Australian leader was "shellshocked" to learn last week of automatically qualifying as a New Zealander.


New Zealand officials said queries from Australian journalists prompted last week's discovery about Joyce's status.


However, Turnbull said it was "outrageous and improper" that a New Zealand Labour MP, Chris Hipkins, also admitted asking questions about the issue last week after talks with someone from the Australian Labor Party.


NEW YORK, Aug. 13 (Xinhua) -- U.S. stocks posted weekly loss as tension between the United States and the Democratic People's Republic of Korea (DPRK) escalates.


For the week
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, the blue-chip Dow lost 1.1 percent and the broader S&P 500 erased 1.4 percent, while the tech-heavy Nasdaq decreased 1.5 percent.


U.S. President Donald Trump earlier issued a warning to the DPRK that appeared to threaten a nuclear war with the Asian country. In response, the DPRK warned of preemptive strikes against the U.S. military base of Guam in the Pacific.


Analysts said the news made investors a little uneasy, thus weighing on the market.


On the economic front, the Consumer Price Index for All Urban Consumers rose 0.1 percent in July on a seasonally adjusted basis
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, the U.S. Labor Department reported Friday, lower than market consensus of a 0.2-percent gain. Over the last 12 months, the all items index rose 1.7 percent.


The soft inflation data raised market expectation for the Federal Reserve to hold lower interest rates longer this year.


Just 38 percent of investors expected the central bank to rates again at the end of the year, down from about 45 percent, according to the latest CME Group's FedWatch tool.


In the week ending August 5
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, the advance figure for seasonally adjusted initial jobless claims was 244,000, an increase of 3,000 from the previous week's revised level, the Labor Department said on Thursday. The latest reading was higher than market expectations.


The Department said in another report on Thursday that the U.S. producer price index for final demand slipped 0.1 percent last month
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, reversing June's 0.1 percent gain.


July's drop missed market consensus of a 0.1-percent gain and was the largest decline since August 2016.


Meanwhile, traders also kept a close eye on latest comments from Federal Reserve officials.


St. Louis Federal Reserve President James Bullard said Monday that the central bank won't need to raise rates in the near term.


"The current level of the policy rate is likely to remain appropriate over the near term," he said.


In corporate news, U.S. social media company Snap posted a larger-than-expected loss and smaller-than-expected revenue, sending the stock down more than 10 percent on Friday.


The Walt Disney Company posted better-than-expected quarterly earnings but its sales missed market expectations. The media giant's stock slumped over 6 percent after the announcement on Wednesday.


U.S. retailer Michael Kors said on Tuesday that the company's sales in the quarter ended July 1 fell 5.9 percent
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, but much less severe than the 8.9-percent drop that Wall Street was expecting.


Total revenue for the first quarter came in at 952.4 million U.S. dollars, again topping analysts' estimates for sales of 918.6 million U.S. dollars.


With 90 percent of S&P 500 companies' earnings now reported following the fourth week of earnings season, results have exceeded analysts' expectations, with earnings growth tracking over 9 percent year-on-year, according to the latest BofA Merrill Lynch Global Research report.


Weekly choices of Xinhua photo


1
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,400 night view projects lightened up in Xiamen


Silence, speech, song at San Francisco's vigil for Charlottesville victims


Portugal's Henriques breaks women's 50km race walk world record, China wins surprise medals


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PostPosted: 17 Apr 2019 05:32:17    Post subject: Adv





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