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Global shares slide on U.S.-China spat over Hong Kong, dollar gains

NEW YORK (Reuters) – Global stock markets stumbled and the dollar climbed on Wednesday after China condemned U.S. Senate legislation aimed at protecting human rights in Hong Kong, the latest obstacle to reaching a deal in a prolonged Sino-U.S. trade dispute that has weighed on growth worldwide. FILE PHOTO: Traders work on the floor at…

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Global shares slide on U.S.-China spat over Hong Kong, dollar gains

NEW YORK (Reuters) – Global stock markets stumbled and the dollar climbed on Wednesday after China condemned U.S. Senate legislation aimed at protecting human rights in Hong Kong, the latest obstacle to reaching a deal in a prolonged Sino-U.S. trade dispute that has weighed on growth worldwide. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermidGold prices rose to their highest in nearly two weeks before paring gains, while the yield on Germany’s 10-year bond tumbled to a 2-1/2 week low as worries over the direction of U.S.-China trade talks swept world markets. The dollar edged higher, fueled by the worsening trade tensions, ahead of the 2 p.m. ET (1900 GMT) release of minutes from the Federal Reserve’s policy-setting meeting in October when it raised interest rates a third time this year. The MSCI gauge of stocks across the globe .MIWD00000PUS shed 0.24%, damping an equity market rally that has pushed the index up almost 20% so far this year. Germany’s DAX .GDAXI, the most trade-sensitive among Europe’s regional indexes, dropped 0.52%, halving earlier losses. Failure to resolve the 16-month trade war has kept equity markets from further accelerating, said Rick Heckler, a partner Cherry Lane Investments in New Vernon, New Jersey. The U.S. Senate unanimously passed legislation on Tuesday aimed to protect human rights in Hong Kong amid China’s crackdown on the pro-democracy protest movement. China’s foreign ministry said the United States should stop interfering in Hong Kong and Chinese affairs. “It’s a real concern that the Chinese are angered by it (the Senate vote), and moved any resolution further away from what already has been very difficult negotiations,” Heckler said. Investors are worried about a hardening of the trade war rhetoric. The United States would raise tariffs on Chinese imports if a trade deal is not reached, President Donald Trump said on Tuesday. In Europe, the pan-regional STOXX 600 index lost 0.55% while the emerging markets index .MSCI slid 0.45%. Stocks traded mixed on Wall Street. The Dow Jones Industrial Average .DJI fell 64.68 points, or 0.23%, to 27,869.34 and the S&P 500 .SPX lost 1.83 points, or 0.06%, to 3,118.35. The Nasdaq Composite .IXIC added 5.62 points, or 0.07%, to 8,576.27. The dollar index .DXY, tracking the unit against six major currencies, rose 0.08%, with the euro EUR= down 0.07% to $1.107. The Japanese yen JPY= weakened 0.15% versus the greenback at 108.73 per dollar. Yields on government 10-year FR10YT=RRNL10YT=RR debt across the euro area fell 3 to 4 basis points, after trading in a narrow range the past two sessions. In Germany, the yield on the 10-year bund fell to as low as -0.384% DE10YT=RR, down 16 basis points from five-month highs hit earlier this month. Yields on the benchmark 10-year U.S. Treasury note US10YT=RR rose 10/32 in price, pushing its yield down to 1.7534%. Oil prices were up more than 1% after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global oil market balanced. Brent crude LCOc1 futures were up $1.10, or 1.8%, to $62.01 a barrel, while WTI crude CLc1 futures gained $1.02, or 1.9%, to $56.23 a barrel. Gold steadied after touching a two-week high earlier in the session, as investors awaited further clues on Fed monetary policy. Spot gold XAU= dropped 0.2% to $1,469.03 an ounce. Reporting by Herbert Lash; Editing by Bernadette Baum
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PrettyLittleThing features its first model to wear a hijab

Written by Alaa Elassar, CNNWant more inspiring, positive news? Sign up for The Good Stuff, a newsletter for the good in life. It will brighten your inbox every Saturday morningA Black, Muslim plus-size model is breaking barriers in the fashion industry after being chosen by PrettyLittleThing to model its new line of modest clothing.Billy Marsal,…

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PrettyLittleThing features its first model to wear a hijab

Written by Alaa Elassar, CNN

Want more inspiring, positive news? Sign up for The Good Stuff, a newsletter for the good in life. It will brighten your inbox every Saturday morning

A Black, Muslim plus-size model is breaking barriers in the fashion industry after being chosen by PrettyLittleThing to model its new line of modest clothing.

Billy Marsal, 21, is a London-based influencer who regularly posts photos of herself wearing trendy and modest outfits on Instagram. The online retail giant scouted her on social media shortly after entering the Middle East market.

Marsal’s work with PrettyLittleThing marks the first time the brand has featured a model wearing a hijab or headscarf, the UK-based company confirmed.

“I didn’t realize how big of a deal it was until I started getting replies and messages from people who were so excited about it, then I realized, wow, this is amazing,” Marsal told CNN.

“It’s an insane feeling, Yes, I am Black, I am Muslim, I am plus size, but I never thought it would be me to make people feel like this.”

Marsal is new to the world of professional modeling, but is excited to represent young Muslim women and help them find fashionable clothes that uphold their religious values.

“As girls who wear the hijab, we grew up buying clothes and having to alter things to make them modest so for them now to tell Muslim girls, ‘Guys, we’re catering to you, too’ is a very big deal,” she said.

Marsal announced her work with PrettyLittleThing in a tweet on Monday that has since garnered more than 500,000 likes and 60,000 retweets. “Soooo… that’s me. THE FIRST HIJABI ON PLT!!! Still so wild to me,” she said.

PrettyLittleThing, which has collaborated with celebrities like Kylie Jenner and Hailey Baldwin, sells fashion “inspired from the catwalk and the coolest muses of the moment” at affordable prices.

The retailer aims to “inspire confidence” in customers with a message of equality and body positivity, according to its website.

“Following our successful launch into the Middle East we are delighted to be launching our ‘Modest clothing’ collection on site,” PrettyLittleThing said in a news release. “Our ethos of ‘EveryBODYinPLT is extremely important to us, so it’s been amazing seeing such positive customer feedback and working with models who represent all of our customer base.”

In recent years, models wearing a hijab have been featured in New York Fashion Week and Sports Illustrated magazine. But it’s still not common.

Marsal said she’s happy to see the industry change to include more Muslim women, and looks forward to the day when it’s no longer surprising to see a model wearing a hijab.

“I think what’s going to happen is this will one day be so normal it’s not surprising anymore, because competitors are noticing what brands like PrettyLittleThing are doing and it’s going to become the norm,” she said.

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Nebraska man hits jackpot twice in one year

Michael Christiansen of Norfolk, Nebraska, hit the jackpot for a second time this year. Earlier this month, Christiansen won $100,000 after purchasing a 20X The Money Scratch ticket. He collected his winnings on October 15 at the Nebraska Lottery’s office in Lincoln. It was his second trip to the office this year because he won…

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Nebraska man hits jackpot twice in one year

Michael Christiansen of Norfolk, Nebraska, hit the jackpot for a second time this year.

Earlier this month, Christiansen won $100,000 after purchasing a 20X The Money Scratch ticket. He collected his winnings on October 15 at the Nebraska Lottery’s office in Lincoln. It was his second trip to the office this year because he won $50,000 from a Money Clip Scratch ticket in March.

“I couldn’t believe it,” he said. “What are the odds? I didn’t think it was real,” Christiansen said in a press release.

He purchased both winning tickets from Louie’s Liquor in Norfolk.

When asked what he plans to do with the money, Christiansen gave a few ideas. He said he wants to build a new garage and put some of the money away for his retirement.

Christiansen said his daughter recently passed away, and he’s going to try purchase the house she lived in.

The 20X The Money game offers players a chance to win prizes from a free $10 ticket to $100,000. The chances of winning $100,000 are 1 in 80,000, according to the Nebraska Lottery.

In the Money Clip game, the odds of winning the top prize of $50,000 are also 1 in 80,000, according to the lottery.

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World reduced to ‘friends,’ ‘thugs’ and ‘filthy’ countries in Trump-Biden foreign policy debate

That was how Democratic candidate Joe Biden attempted to sum up President Donald Trump’s approach to foreign policy in Thursday’s debate, arguing that Trump cozies up to “thugs” in North Korea, China and Russia, while he “pokes his finger at all our allies.” It was a line that might play well among Biden’s base, but,…

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World reduced to ‘friends,’ ‘thugs’ and ‘filthy’ countries in Trump-Biden foreign policy debate
That was how Democratic candidate Joe Biden attempted to sum up President Donald Trump’s approach to foreign policy in Thursday’s debate, arguing that Trump cozies up to “thugs” in North Korea, China and Russia, while he “pokes his finger at all our allies.”
It was a line that might play well among Biden’s base, but, with its vague allusions to appeasement in the run up to World War II, it was indicative of a debate that had little genuine substance when it came to current foreign policy challenges, with both leaders choosing to use other countries as attack lines more than anything else.

Biden did promise to “get China to play by international laws,” an area where Beijing has arguably benefited from Trump’s America First strategy and suspicion of multilateral organizations. However, he offered little insight into how he would actually go about doing that, especially as China is far stronger both internationally and domestically than it was the last time Biden was in office, beyond working with allies to try and rein Beijing in.

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