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US skips congressional review to approve munitions sale to Israel
PoliticsDawn1d ago

US skips congressional review to approve munitions sale to Israel

• Sale fast-tracks 12,000 thousand-pound bomb bodies in $152m deal • Secretary of State Rubio cites ‘emergency’ to justify sidestepping lawmakers • Democrat slams White House, calls it an ‘emergency of its own creation’ WASHINGTON: The US State Department said on Friday it has approved a sale worth $151.8 million to Israel for munitions and munitions support, without submitting it for congressional review. US Secretary of State Marco Rubio determined that an emergency existed requiring an imm...

I’m Cuban American. For the sake of both countries, Trump’s siege must end | Danny Valdes
PoliticsThe Guardian3d ago

I’m Cuban American. For the sake of both countries, Trump’s siege must end | Danny Valdes

Marco Rubio, the secretary of state, crushes our people and calls it freedom. We want engagement, not escalation The day that will be remembered as one of the darkest days of the long and troubled US-Cuban relationship is 29 January. That was the day that Donald Trump declared Cuba an “unusual and extraordinary threat” to US national security, introduced a full-scale fuel blockade around the island, and turned off the lights for their home, schools and hospitals. For Cubans Americans like me,...

US won’t let India become rival like China, Trump official says
BusinessSCMP4d ago

US won’t let India become rival like China, Trump official says

The US will not give India the same kind of economic advantages it gave China, which allowed that country to emerge as a major competitor, Deputy Secretary of State Christopher Landau said on Thursday, signalling Washington’s cautiousness in negotiations over a trade deal. While the US wants to work with India to unlock its “limitless potential,” India should understand that “we are not going to make the same mistakes with India that we made with China 20 years ago”, Landau said at the Raisin...

Preventive wars risk setting the world ablaze says Parolin
Worldla-repubblicaANSA5d ago2 sources

Preventive wars risk setting the world ablaze says Parolin

(ANSA) - ROME, MAR 4 - Vatican Secretary of State Cardinal Pietro Parolin has said preventative wars risk plunging the whole world into conflict when asked about the justification for the US and Israeli attack on Iran. "If states were to be recognized as having a right to 'preventive war,' according to their own criteria and without a supranational legal framework, the whole world would risk being set ablaze," Parolin told Vatican News on Wednesday. "This erosion of international law is truly...

US House panel releases Clinton Epstein depositions
PoliticsFrance 246d ago

US House panel releases Clinton Epstein depositions

A US congressional committee investigating convicted sex offender Jeffrey Epstein released videos on Monday of the depositions of Bill and Hillary Clinton. The former US president and former US secretary of state appeared before the House Oversight Committee last week to testify about their relations with Epstein. Hillary Clinton told the panel that she did not know Epstein, and Bill Clinton said he broke ties with him before the financier's sex crimes came to light.

Rubio says Israel's strike plan triggered US attack on Iran
WorldFrance 246d ago

Rubio says Israel's strike plan triggered US attack on Iran

The United States attacked Iran only after learning that ally Israel was going to strike and fearing Tehran would retaliate against US forces, Secretary of State Marco Rubio said Monday. "We knew that there was going to be an Israeli action. We knew that that would precipitate an attack against American forces, and we knew that if we didn't preemptively go after them before they launched those attacks, we would suffer higher casualties," Rubio told reporters.

Beijing Blasts Trump After US Releases New Details On Alleged 2020 Chinese Nuclear Test
Politicszerohedge18d ago

Beijing Blasts Trump After US Releases New Details On Alleged 2020 Chinese Nuclear Test

Beijing Blasts Trump After US Releases New Details On Alleged 2020 Chinese Nuclear Test Update: Despite the Lunar New Year holiday, Beijing has made it known it is not best pleased with Washington digging up Nuke blasts from the past. Issuing a statement via state mouthpiece (@HuXijin_GT), the CCP suggested an ulterior motive for the timing of this announcement: "Trump is eager to resume nuclear testing and needs a plausible reason, and accusing China of conducting nuclear tests is the perfect pretext. Assistant Secretary of State Christopher Yeaw stated on Tuesday that the US is prepared to conduct low-yield nuclear tests in response to alleged secret nuclear tests by China and Russia. The US is being far too hasty; having just fabricated rumors that China conducted an explosive nuclear test nearly six years ago, they are already announcing their own low-yield nuclear test. Washington's motives for spreading these rumors are too clear; they can't even be bothered to feign it." Hard to disagree with the latter point. *  *  * As Kimberley Hayek detailed earlier via The Epoch Times, a senior State Department official released additional evidence Tuesday in support of U.S. allegations that China conducted an underground nuclear test in June 2020, as global arms control frameworks unravel. Assistant Secretary of State Christopher Yeaw, while speaking to a Hudson Institute meeting, discussed data from a remote seismic station in Kazakhstan that recorded a magnitude 2.75 “explosion” approximately 450 miles from China’s Lop Nur test grounds on June 22, 2020. “I’ve looked at additional data since then. There is very little possibility I would say that it is anything but an explosion, a singular explosion,” Yeaw said, underscoring that the data were not consistent with blasts from mining. “It’s also entirely not consistent with an earthquake,” said Yeaw, a former intelligence analyst and defense official who holds a doctorate in nuclear engineering. “It is ... what you would expect with a nuclear explosive test.” Yeaw argued that China tried to hide the event through decoupling, detonating the device in a spacious underground cavity to diminish seismic waves. Under Secretary of State for Arms Control Thomas DiNanno earlier this month accused China of performing such secretive nuclear arms tests and implementing measures to restrict seismic evidence. “Today, I can reveal that the U.S. Government is aware that China has conducted nuclear explosive tests, including preparing for tests with designated yields in the hundreds of tons,” DiNanno said. These claims back up Yeaw’s assertions of concealment tactics. The Comprehensive Nuclear-Test-Ban Treaty Organization, which monitors global explosions, noted that available data do not allow for firm conclusions. Executive Secretary Robert Floyd said in a statement that the seismic monitoring station in Kazakhstan captured “two very small seismic events” 12 seconds apart on June 22, 2020. The organization’s network detects events equivalent to 551 tons (500 metric tons) of TNT or more, according to Floyd. “These two events were far below that level,” Floyd said. “As a result, with this data alone, it is not possible to assess the cause of these events with confidence.” China, a signatory to the 1996 Comprehensive Nuclear-Test-Ban Treaty but not a ratifier, rejected the initial U.S. accusation at an international conference this month. Beijing’s last acknowledged underground test occurred in 1996. The United States, which also signed but did not ratify the treaty, is legally bound to its terms under international norms. America’s final underground test was in 1992, with subsequent reliance on sophisticated simulations and supercomputers for warhead maintenance. President Donald Trump recently called on China to take part in trilateral talks with Russia to support the New Strategic Arms Reduction Treaty (New START), which ended Feb. 5. China refused the invitation, arguing that its arsenal is far smaller than those of the United States and Russia. The Pentagon estimates China’s current operational warheads at more than 600. The stockpile is expected to exceed 1,000 by 2030. The Federation of American Scientists, an organization working to minimize the risks of nuclear threats, tracks Russia as currently having 5,459 warheads, while the United States has 5,177. The New START accord expiration removes caps on deployed strategic warheads and delivery vehicles, potentially accelerating buildups. Russia and the United States said they would informally observe limits. Tyler Durden Thu, 02/19/2026 - 04:15

The embassy celebrates the Berlinale, the world of cinema hosted by Bucci
CultureANSA19d ago

The embassy celebrates the Berlinale, the world of cinema hosted by Bucci

(ANSA) - BERLINO, 18 FEB - The world of cinema, but also of institutions, culture, and art, gathered at the Italian Embassy in Berlin for the traditional evening organized on the occasion of the Berlinale. According to a note from the diplomatic headquarters, guests this year included Senator and Undersecretary of State for Culture Lucia Borgonzoni; Antonio Saccone, president of Cinecittà; Giorgio Carlo Brugnoni, general director of Cinema and Audiovisual at the MIC; and Roberto Stabile, head of special projects, General Directorate for Cinema at the MIC/Cinecittà. The event, which was very well attended, also featured directors, actors, and other personalities from the world of cinema. The reception was accompanied by music from Italian DJ Budino and the Italian-German band Maiorano. In collaboration with the Costa Archive, a small exhibition of original photographs by photojournalist Paolo Costa, who worked alongside Tazio Secchiaroli in the 1960s, was also set up. In the afternoon, Ambassador Fabrizio Bucci visited the European Film Market, one of the three main meeting points for the international film industry, which was attended by 266 Italian companies in the sector: figures that demonstrate the strength and vitality of the Italian audiovisual industry on the international scene. The Berlinale reception is part of a wider program of initiatives that the embassy dedicates to cinema, including meetings and presentations—such as that of the Netflix series Il Gattopardo—as well as thematic reviews. The "Ciak si gira" review took place in the summer and the Winterkino review is currently underway. As for the Berlinale, there were three co-productions with Italian participation in this year's official program: two in competition, Nina Roza by Geneviève Dulude-De Celles, a Canada-Italy-Bulgaria-Belgium co-production, and RosebushPruning by Karim Ainouz, a Germany-Italy-Spain-UK co-production, and one in Perspectives, The Red Hangar by Juan Pablo Sallato, a Chile-Argentina-Italy co-production. Other Italian co-productions worth mentioning include: Cosmonauts, an animated short film by Leo Černic, a Slovenia-Italy co-production (Berlinale Shorts section); Mambo Kids, a short film by Emanuele Tresca (Generation 14+ section); Wax & Gold by Adama Bineta Sow in the Berlinale Special section; and L'Uomo più bello del mondo (The Most Beautiful Man in the World) by Paolo Baiguera in the Forum Special section. Finally, in the Forum section, we find On Our Own, directed by Tudor Cristian Jurgiu (a Romanian-Italian production). Read article...

Trump news at a glance: Hillary Clinton urges Trump administration to release millions of withheld Epstein files
PoliticsBBCThe GuardianFox News+1times-uk19d ago4 sources

Trump news at a glance: Hillary Clinton urges Trump administration to release millions of withheld Epstein files

‘We have nothing to hide,’ former secretary of state says ahead of her and Bill Clinton’s depositions next week – key US politics stories from Tuesday 17 February Hillary Clinton has accused the Trump administration of a “cover-up” over the Epstein files, while claiming that she and her husband are being forced to testify before Congress to deflect scrutiny from Donald Trump. In an interview with the BBC, Clinton said the US Department of Justice was “slow-walking” the release of documents relating to Jeffrey Epstein’s catalogue of crimes and urged the administration to “get the files out”. Despite periodic document dumps of the files since Congress mandated their release late last year, the justice department is still withholding about 3m files. Continue reading...

Futures, Global Markets Rise With US Markets Closed For President's Day
Financezerohedge21d ago

Futures, Global Markets Rise With US Markets Closed For President's Day

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US yields touched the lowest since December on Friday. The path of US interest rates remains in focus following Friday’s slower-than-expected US inflation print as traders fully price a Fed cut in July and the strong chance of a move in June.   “The backdrop for equities is positive post CPI,” said Andrea Gabellone, head of global equities at KBC Securities. At the same time, there could be “more dispersion ahead as sentiment around key AI-exposed sectors is still very critical,” he added.  That sentiment was echoed by other strategists seeking to distinguish between AI losers and winners. A JPMorgan Chase & Co. team led by Mislav Matejka urged caution on stocks at risk of AI-driven “cannibalization,” including software, business services and media companies. Meanwhile, banks are developing baskets to capitalize on the divergence: as we first reported last Thursday, Goldman launched a new basket of software stocks that goes long firms that will benefit from AI adoption, while shorting the companies whose workflows could be replaced. With AI disruption rippling through markets, a lot will come down to earnings resilience, in particular in the US.  “When you look at the current earnings season, the companies are showing 13% of growth,” Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan, told Bloomberg TV. “Overall, this is the reason why we continue to be positive on the S&P.” Later this week, traders will be watching for ADP private payrolls numbers on Tuesday and the minutes from the Fed’s January meeting on Wednesday for a fresh read on the economy. European stocks gained with bank shares rebounding, after posting their biggest weekly decline since April on worries about disruption from artificial intelligence. The basic resources sector lags, with Norsk Hydro among Europe’s worst performers as both Goldman Sachs and RBC downgrade the stock. Stoxx 600 rises 0.4% to 620.26 with 253 members down, 336 up, and 11 unchanged. Here are some of the biggest movers on Monday:  NatWest shares rise as much as 4%, the most since October, as Citi analyst Andrew Coombs raises his price target on the UK bank to a Street-high. Seraphim Space shares rise as much as 9.2%, briefly hitting a new all-time high, after the space tech investment firm said the valuations of its four largest holdings increased over the final months of 2025. AECI shares rally as much as 6.1%, the most since July, after the South African commercial-explosives maker shared improved 2025 headline earnings per share guidance. Orsted shares rise as much as 3.8% after analysts at Kepler raise the recommendation to buy from hold over the Danish renewable energy firm’s outlook, despite ongoing uncertainty for the industry in the US. Norsk Hydro shares fall as much as 4.4%, extending Friday’s 5.9% earnings-triggered drop, after being downgraded at Goldman Sachs and RBC over disappointments and pricing pressures in the Norwegian aluminum company’s downstream business. Galderma shares slip as much as 2.2% after naming Luigi La Corte as its new chief financial officer following the news back in July that Thomas Dittrich was departing. Pinewood Technologies shares tumble as much as 32%, the most since April 2024, after Apax Partners said on Friday it will not proceed with a possible cash offer for the car dealership software provider. FlatexDEGIRO shares drop as much as 7.2% after BNP Paribas downgraded the online brokerage firm to neutral from outperform, saying the price reflects too much optimism about its market position in Germany. Maurel & Prom shares slump as much as 12%, pulling back after ending last week at a 2015-high, after announcing it is not currently authorized to resume oil and gas operations in Venezuela. Barratt Redrow shares fall as much as 3.7%, leading a drop in British homebuilders after Rightmove said house prices are stalling. Asian stocks slipped for a second day, led by declines in Japan as traders booked profits after last week’s post-election rally. Several markets were closed or held shortened trading sessions for the Lunar New Year holiday. The MSCI Asia Pacific Index was down 0.1%. Japan’s Topix Index fell 0.8%, with Mizuho Financial Group Inc. and Toyota Motor Corp. among the companies contributing to the index’s losses.In Hong Kong, AI model developer Minimax Group Inc. surged as much as 30% to more than four times its original listing price, while competitor Knowledge Atlas JSC Ltd. ended 4.7% higher. The market will be closed until Thursday. As investors across the region begin to reevaluate their bets on its artificial-intelligence-driven rally, traders in Japan cashed in gains driven by expectations of Prime Minister Sanae Takaichi’s proactive spending policies last week.Trading in Singapore ended early Monday and will be shut until Wednesday. Equity markets in mainland China, South Korea, Indonesia and Vietnam were closed.  In FX, the yen is the notable mover in currencies, weakening 0.5% against the dollar and pushing USD/JPY back above 153. The offshore yuan is one of the better performers against the greenback. The Bloomberg Dollar Spot Index rises 0.1%. There is no cash trading in Treasuries due to the Presidents’ Day holiday. European government bonds are little changed In commdities, gold dipped below $5,000 an ounce, as traders booked profits from a gain in the previous session. Bitcoin tried anf ailed to stage a modest rebound; it last traded around $68,275 after posting its fourth consecutive weekly loss, with the cryptocurrency struggling to find clear direction as a weekend rally fizzled once the momentum ignition algos emerged.  WTI crude futures tread water near $62.90 a barrel.  Top Headlines President Trump said there will be voter ID rules in the mid-term elections this year, whether Congress approves it or not, and they will present a legal argument in an Executive Order. Furthermore, Trump said he has searched the depths of legal arguments not yet articulated nor vetted on this subject, and they will be presenting an irrefutable one in the very near future. Iran says potential energy, mining and aircraft deals on table in talks with US: RTRS Pentagon threatened to cut its ties with Anthropic over the company’s insistence that some limitations are kept on how the military uses its AI models: RTRS UK eyes rapid ban on social media for under 16s, curbs to AI chatbots: RTRS Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis: BBG Warner Bros. Weighs Reopening Sale Negotiations With Paramount: BBG Companies Are Replacing CEOs in Record Numbers—and They’re Getting Younger: WSJ Europe aims to rely less on US defence after Trump's Greenland push: RTRS DOJ Tells Lawmakers Epstein File Redactions Complied With LawL BBG For College Applicants, Pressure to Make Summers Count Has Gotten Even Worse: WSJ Fed's Goolsbee (2027 voter) said on Friday that they are still seeing pretty high services inflation, and he hopes they have seen the peak impact of tariffs, while he added that the job market has been steady, with only modest cooling.  The Break Is Over. Companies Are Jacking Up Prices Again: WSJ Trade/Tariffs USTR Greer said the US and Ecuador expect to sign a trade agreement in the coming weeks. China will waive import value-added taxes on selected seeds, genetic resources, and police dogs through to 2030 to increase agricultural competitiveness and breeding capacity. It was also reported that China will grant zero-tariff access to 53 African nations from May 1st, according to Bloomberg. Chinese Foreign Minister Wang Yi told his French and German counterparts that China and the EU are partners, not rivals, while he added that China and the EU should manage differences, deepen practical cooperation and work together on global challenges. A more detailed look at global markets courtesy of Newsquawk APAC stocks began the week in the green but with gains limited following a lack of major fresh catalysts from over the weekend and amid thinned conditions owing to holiday closures in the region and North America. ASX 200 traded marginally higher with upside led by tech, although gains are capped by underperformance in the utilities, mining, materials and resources sectors, while participants also digested a slew of earnings releases. Nikkei 225 traded indecisively with the index constrained by disappointing Japanese preliminary Q4 GDP data, which showed the economy returned to growth but failed to meet expectations with GDP Q/Q at 0.1% (exp. 0.4%), and annualised GDP at 0.2% (exp. 1.6%). Hang Seng finished higher in a shortened trading session on Chinese New Year's Eve but with upside limited by tech weakness amid some confusion after the Pentagon added several companies including Baidu, Cosco, BYD, Huawei, Nio, SMIC, Tencent, and more to a list of Chinese firms aiding the military on Friday, but then withdrew the updated list shortly after it was posted. Furthermore, price action was also restricted by the closure of mainland markets and the absence of stock connect flows, which will remain shut for more than a week. US equity futures kept afloat in quiet trade amid the absence of drivers and participants. European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 0.4% on Friday. Asian Headlines Chinese President Xi called for the anchoring of economic growth around domestic demand as its main driver, in a speech during a key policy meeting late last year that was released on Sunday. China is to establish a permanent financial support framework to promote rural revitalisation and prevent a slide back into poverty, which represents a shift from transitional aid to long-term support. China’s market regulator summoned major online platform companies on Friday, including Alibaba, Douyin and Meituan, while it directed them to comply with laws and regulations, and rein in promotional practices, according to Bloomberg. US Secretary of State Rubio and Japanese Foreign Minister Motegi reaffirmed their commitment to deepen bilateral ties. Disney (DIS) sent a ‘cease and desist’ letter to ByteDance over Seedance 2.0 and alleged that ByteDance has been infringing on its IP to train and develop an AI video generation model without compensation, according to Axios. It was later reported that ByteDance said it would curb its AI video app following Disney's legal threats, according to the BBC. RBI tightened rules for loans provided to brokers and proprietary firms in an effort to reduce market speculation FX DXY eked slight gains in rangebound trade after a lack of major catalysts and with US participants away on Monday. EUR/USD was little changed amid the absence of any major macro catalysts and with light newsflow from the bloc, while comments from ECB President Lagarde and news that the ECB is to make its repo backstop available to other central banks across the world, did little to spur price action. GBP/USD held on to most of Friday's spoils but with price action contained by resistance around 1.3650 and following comments from BoE's Mann that the UK economy is sluggish and tepid, with consumers spending less due to being scarred by high inflation. USD/JPY edged higher and returned to above the 153.00 level in the aftermath of the weaker-than-expected preliminary Q4 GDP data for Japan. Antipodeans were mixed with little fresh macro drivers and a lack of tier-1 data from either side of the Tasman. Fixed Income 10yr UST futures traded little changed and held on to last week's spoils after returning above the 113.00 level in the aftermath of the softer US inflation data, while price action was contained to start the week by the closure of US cash markets for Washington's Birthday. Bund futures lacked demand in the absence of any major catalysts and with light newsflow from the bloc. 10yr JGB futures were marginally higher following disappointing preliminary GDP data for Q4, but with gains limited after failing to sustain a brief reclaim of the 132.00 level. Commodities Crude futures were rangebound amid light energy-specific newsflow from over the weekend and after last Friday's indecisive performance, where attention was on a source report that noted OPEC+ is leaning towards resuming oil output hikes from April, but with no decision made. Slovak PM Fico said he has information that the Druzhba pipeline has been fixed after damage in Ukraine, although he believes that supplies to Hungary and Slovakia have become a part of political blackmail. Spot gold took a breather after edging higher in the aftermath of the recent softer-than-expected US inflation data, with price action also contained by the holiday closures across Asia and North America. Copper futures were subdued, with their largest buyer away for more than a week due to the Chinese New Year/Spring Festival holiday. Texas venture-backed startup Hertha Metal vowed mass production of steel with 25% cost savings, which could reduce US reliance on imports. Geopolitics: Middle East US military is preparing for potential operations against Iran that could last for weeks if US President Trump orders an attack and the US fully expects Iran to retaliate, according to sources cited by Reuters. US President Trump told Israeli PM Netanyahu during a meeting in December that he would support Israel striking Iran’s ballistic missile program if the US and Iran are not able to reach a deal, according to CBS. Iran confirmed that indirect talks between the US and Iran will resume in Geneva on Tuesday under the mediation of Oman, while Iranian Foreign Minister Araghchi left for Geneva on Sunday. Iranian diplomat said Iran is open to nuclear deal compromises if the US discusses lifting sanctions, while it was also reported that Iran said potential energy, mining and aircraft deals are on the table in talks with the US. Israel’s cabinet approved the proposal to register West Bank lands as ‘state property’, while Palestinians condemned the ‘de facto annexation’ which Peace Now said likely amounts to a ‘mega land grab’. Geopolitics: Ukraine US President Trump said on Friday that Ukrainian President Zelensky is going to have to get moving and that Russia wants to get a deal. US Secretary of State Rubio said they don’t know if Russia is serious about finding an end to the war in Ukraine and will continue to test it, while it was reported that he met with Ukrainian President Zelensky on security and deepening defence and economic partnerships. Ukrainian drones targeted Russia’s Taman seaport and fuel tanks in the Black Sea region. UK and European allies were reported on Friday to be weighing seizing Russian shadow fleet ships and tightening curbs on Russia's economy. French Foreign Minister Barrot said some G7 nations have expressed a willingness to proceed with a maritime services ban on Russian oil, which they hope to include in the 20th sanctions package that they are actively preparing. Geopolitics: Other European Commission President von der Leyen said that they face the very distinct threat of outside forces trying to weaken their union, while she added that mutual defence is not an optional task for the European Union; it is an obligation within their own treaty, and it is their collective commitment to stand by each other in case of aggression. Pentagon said the US military struck an alleged drug cartel boat in the Caribbean, which killed three people. DB's Jim Reid concludes the overnigt wrap I hope you all had a good weekend. To stay in Winter Olympics mood the family watched "Cool Runnings" last night. I haven't seen it for 32 years. Please don't tell anyone but I had a few tears in my eyes at the end. I blamed it on the hay fever that has now started. There will be a lot of tears out there in markets for other reasons at the moment. Just two weeks ago, the idea of AI-driven disruption still felt like an abstract, almost academic thought experiment—something we could safely revisit once we had clearer evidence of how AI would be deployed and integrated across the economy. Fast forward 14 days, and markets have wiped out well over a trillion dollars of global equity value on the fear that AI could fundamentally reshape business models and compress profitability across a wide range of industries, including software, legal services, IT consulting, wealth management, logistics, insurance, real estate brokerage and commercial real estate. Some of the sell off in “old economy” sectors feels overdone to me. But as I argued in our 2026 World Outlook back in November, the real challenge is that even by the end of this year we still won’t have enough evidence to identify the structural winners and losers with confidence. That leaves plenty of room for investors’ imaginations—both optimistic and pessimistic—to run wild. As such big sentiment swings will continue to be the order of the day. My instinct is that the reaction in things like commercial real estate, for example, has been particularly exaggerated. Markets seem to be extrapolating a scenario in which vast numbers of white collar workers are made redundant almost overnight, leading to a dramatic collapse in office demand. If that view turns out to be correct, we’ll be facing societal challenges far larger than anything currently being priced into equities. While trying to catch a falling knife may be too risky for many, beginning to cushion the descent could be sensible in many old economy sectors. Markets can’t sustain a disruption narrative across multiple sectors for months or quarters without concrete evidence — and that evidence is likely to take much longer to emerge. Fascinating times. As for this week, today is a US holiday but inflation will remain in the spotlight at a global level after Friday's slightly softer US CPI which helped contribute to a decent rates rally to end the week. Prints are due in the US (PCE - Friday), the UK (Wednesday), Canada (Tuesday) and Japan (Friday). Other economic highlights will include the FOMC minutes (Wednesday), Q4 GDP in the US (Friday), as well as the global flash PMIs (Friday). Earnings reports will feature Walmart (Thursday), Nestlé (Thursday) and BHP (today). It's the earnings calm before next week's Nvidia storm. In the US, this holiday shortened week (President's Day today) features a data calendar dominated by releases that were pushed back by last year’s government shutdown. The most consequential updates will land on Friday, when the advance estimate of Q4 GDP arrives alongside December’s personal income and consumption figures—key inputs for shaping expectations for the early part of this year. For markets assessing the underlying pulse of demand heading into 2026, private final sales to domestic purchasers (PFDP) will carry more weight than the headline GDP print. This indicator—closely monitored by Fed Chair Powell—is expected by our economists to slow to 2.0% from 2.9% in Q3, though risks appear tilted upward. One swing factor: Wednesday’s durable goods report, where modest gains outside of transportation could soften the deceleration. On the consumer front, real PCE growth is expected to cool to 2.5% after two quarters of outsized strength but should still signal ample momentum heading into the new year. Friday’s income and spending report will also offer the latest reading on core PCE, the Fed’s preferred inflation gauge. Our economists expect another 0.4% monthly increase for December, lifting the year over year rate to 2.9%. Updated seasonal factors from last week’s CPI release suggest some mild downward pressure on inflation trends in the second half of 2025. Still, January’s CPI data, although softer than we anticipated, do not translate into equivalent relief for core PCE—in fact, our team currently sees another 0.4% gain for January's release (delayed until March 13th). Depending on the strength of medical services, airfare, and portfolio management components in the upcoming PPI report, a 0.5% monthly rise cannot be ruled out, which would push the year over year rate toward 3.1%. So don't get too excited about the softer CPI last week and the huge rates rally. Additional releases this week will help clarify whether recent severe winter weather has disrupted factory sector activity. January industrial production, due Wednesday, should benefit from a jump in utility output, while weather effects may weigh on the Empire State Survey tomorrow and the Philadelphia Fed survey on Thursday. Labor market data will also be in focus, particularly Thursday’s jobless claims, which line up with the survey week for the February employment report. As our economists have pointed out, private nonfarm job gains have averaged 103k over the past three months, slightly above the pace at this point in 2025 and matching the start of 2024. See their latest US employment chartbook here. This week will also feature a dense lineup of Federal Reserve speakers which you can see alongside all the key global data in the day-by-day week ahead calendar at the end as usual. Moving away from the US, inflation will also be in focus in Japan (Friday) and Canada (tomorrow). For the former, our Chief Japan Economist sees the January nationwide CPI showing a slowdown in both core CPI inflation ex. fresh food to 2.1% YoY (+2.4% in December) and core-core CPI inflation ex. fresh food and energy to 2.7% (+2.9%). Also important will be the global flash PMIs due on Friday as a health check on global growth. In Europe, the spotlight will be on UK inflation (Wednesday), with labour market data due tomorrow and retail sales on Friday. Our UK economist expects headline CPI inflation to drop to 3.0% YoY (3.4% in December) and core CPI also landing at 3.0% YoY (3.2% YoY). See more in his full preview here. In terms of key rate decisions, the RBNZ are expected to remain on hold on Wednesday. Finally, the Munich Security Conference wrapped up over the weekend, where key topics included Ukraine, Russia, and the fate of Greenland. And while US Secretary of State Marco Rubio’s speech was nothing like Vice President JD Vance’s at last year’s conference, which triggered a “wake-up” call for European leaders, Rubio reiterated the administration’s view that Europe needed to leave behind its focus on energy policies, trade and mass migration. Recapping last week now, the tech volatility that has dogged markets since the start of the month broadened into a far more indiscriminate sell-off. The trough came on Thursday, marked by a sharp drop in software stocks, but the weakness extended well beyond tech. Companies across wealth management, real estate and financials suffered double digit declines, underscoring how widespread the pullback has become. Market breadth confirmed this shift as the equal weighted S&P 500 fell -1.37% on Thursday, though it managed to finish the week up +0.29% (+1.04% on Friday). Ultimately, the sell-off left the major US indices on the back foot: the S&P 500 slipped -1.39% (+0.05% on Friday), the Nasdaq lost -2.10% (-0.22% on Friday), and the Magnificent 7 slid -3.24% (-1.11% on Friday). Although the AI scare dominated sentiment, a heavy slate of US data also shaped the market narrative. Early in the week, softer prints—including flat December retail sales, a dovish Q4 Employment Cost Index, and slower Q4 growth expectations from the Atlanta Fed—pushed Treasury yields lower across the curve. That picture shifted midweek after a stronger than expected January jobs report, which delivered the largest gain in nonfarm payrolls (+130k vs. +65k expected) since December 2024 and reinforced confidence that the US economy carried solid momentum into 2026. Then on Friday, January CPI came in below expectations, adding another dovish note. Although the data offered mixed signals at times, the overall takeaway was sufficiently dovish for traders to increase the number of expected rate cuts by December 2026 to 63.4bps (+7.7bps on the week). This helped drive the largest weekly drop in the 10 year Treasury yield since August 2025, down -15.8bps (-5.0bps on Friday) to 4.05%. The 2 year yield also moved sharply lower, falling -8.9bps to 3.41% (-4.8bps on Friday), its lowest level since 2022. European markets, meanwhile, delivered a comparatively resilient performance. The STOXX 600 (+0.09%, -0.13% Friday), DAX (+0.78%, +0.25% Friday) and FTSE 100 (+0.74%, +0.42% Friday) all posted modest gains for the week. European sovereign bonds rallied as well, with the 10 year bund yield dropping -8.7bps—its steepest weekly decline since April 2025. That move was outpaced by gilts, which fell -9.8bps (-3.6bps on Friday) despite a sharp early week sell-off triggered by renewed questions surrounding Prime Minister Keir Starmer’s position. Elsewhere, performance was mixed. Brent crude edged down -0.44% (+0.34% on Friday), while gold extended its upward run, rising +1.56% (+2.43% on Friday). Will London’s half term week finally give us a quiet week in 2026? You’d probably have to guess at ‘unlikely’. Tyler Durden Mon, 02/16/2026 - 09:40

State Department Urges Americans To Leave Middle East Over “Serious Safety Risks”
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The State Department is urging Americans in the Middle East to leave immediately. U.S. Secretary of State Marco Rubio’s team released a statement warning of “serious safety risks” across the region, and told Americnas to “depart via commercial means.” The warning covered American citizens who are currently in Bahrain, Egypt, Iran, Iraq, Israel, the West […]

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Former U.S. Secretary of State Hillary Clinton told a congressional committee on Thursday that she did not remember ever meeting the late sex offender Jeffrey Epstein and had no information to share about his criminal activities. “I do not recall ever encountering Mr. Epstein. I never flew on his plane or visited his island, homes […]

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WorldThe Guardiannrkruv+2aktuality-sk20-minuten10d ago5 sources

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US Secretary of State Marco Rubio stated that any future nuclear arms control agreement must include China alongside the US and Russia, emphasizing Washington's push for trilateral talks.

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PoliticsThe Guardian13d ago

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Trump committed to Hungarian PM Orban's success, Rubio says
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Businesszerohedge6d ago

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New nuclear control agreement should include US, Russia and China: Rubio
PoliticsSCMP11d ago

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Cuba coast guard says it shot and killed four on US-registered speedboat
Worldle-monderuvberlingske+5la-repubblicapublicoYahoojapan-timeschannel-news-asia11d ago8 sources

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PoliticsFrance 24jamaica-gleaner11d ago2 sources

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Portugal's Budget Margin to Fund Calamity Support
Financeobservador12d ago

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Politicsobservadorcdm-mehungary-today14d ago3 sources

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Look inside Vizcaya, Miami's 45,000-square-foot Gilded Age mansion that now counts Ken Griffin as a neighbor
CultureBusiness Insider19d ago

Look inside Vizcaya, Miami's 45,000-square-foot Gilded Age mansion that now counts Ken Griffin as a neighbor

James Deering's 1916 winter home is located less than 10 minutes away from the heart of Miami. Robin Hill/Courtesy of Vizcaya Museums and Gardens Vizcaya, built by James Deering more than a century ago, might be Miami's most valuable real estate. The 45,000-square-foot mansion has a total of 54 rooms, with the main house open to the public. Citadel CEO Ken Griffin began assembling a waterfront compound next to the historic mansion in 2022. The exorbitant price tags on Miami's luxury real estate are not a secret to anyone, least of all the flock of billionaires moving to the city. But unlike the high-rise apartments in the financial center of Brickell or exclusive mansions in Indian Creek — where you might be neighbors with Jeff Bezos or Ivanka Trump — the city's potentially most valuable piece of real estate is decorated with limestone, mangroves, and tiles salvaged from Cuban estates. Built between 1914 and 1922 by International Harvester heir and Gilded Age millionaire James Deering as a winter home, Villa Vizcaya sits fewer than 10 minutes from downtown Miami, in a waterfront neighborhood that's quickly becoming a magnet for the city's new billionaire residents. While built in the years following the Gilded Age, it is notable for its Gilded Age-era extravagance, technologies, and collection of fine art. Vizcaya Museum & Gardens estimates the mansion cost $26 million to build, which is more than $800 million in today's money, per the Bureau of Labor Statistics. Florida International University estimates that the mansion is worth over $1 billion today. In 1962, Miami-Dade County bought the property for $1 million, and today, the 45,000-square-foot mansion and its surrounding gardens operate as a museum open to the public. Shortly after announcing that Citadel would move its headquarters from Chicago to Miami, CEO Ken Griffin bought up a waterfront compound less than a half-mile from Vizcaya, in the neighborhood of Coconut Grove. The $106.9 million sale set a country record for the most expensive residential property purchase at the time. Since then, the hedge fund magnate has proposed relocating the historic Villa Serena mansion, located on his estate, to Vizcaya's campus after he donated $20 million to Vizcaya Museum and Gardens. Take a look inside James Deering's historic mansion and see how its new neighbor could alter the surrounding landscape. Vizcaya was James Deering's winter home from 1916 until his death in 1925. Robin Hill Photography/Courtesy of Vizcaya Museum & Gardens Struggling with illness toward the end of his life, James Deering came to Miami, then a small city surrounded by mangrove forests and wetlands, looking for tropical warmth, which was believed to help improve health. By the turn of the century, the Deering family had begun to develop estates around South Florida, with patriarch William Deering purchasing a home in Coconut Grove in 1900. By the time James Deering began building Vizcaya, his brother, Charles Deering, was also developing a winter home in the south of Miami. The property, known today as Deering Estate, also operates as a museum and is open to the public. The main house features 54 rooms, including 34 rooms decorated with their original furniture. Kristine Villarroel/Business Insider Spanning over 45,225 square feet, Vizcaya's main house features the living spaces of James Deering himself, his guests, and the house staff. Envisioned by interior designer Paul Chalfin, Vizcaya drew inspiration from the Italian Renaissance, adapted to South Florida's subtropical climate, and showcases furniture, artworks, and artifacts purchased by Chalfin and Deering on their travels to Europe. Although Miami's population was estimated to be only 10,000 in 1916, the construction of the Vizcaya estate employed an estimated 1,000 workers, many of whom were Black immigrants from the Bahamas. Apart from the main house, Vizcaya is also home to the Vizcaya Village, the historic quarters of the mansion's workers and farmers that allowed Vizcaya to serve as a self-sufficient farm-to-table estate. The Village expands over 12 acres and includes 11 "architecturally significant" buildings, according to the museum's website. The tour begins in the courtyard, which is adorned with tropical plants. Kristine Villarroel/Business Insider Lined with tropical plants such as palms and philodendrons, the courtyard highlights South Florida's natural beauty while reflecting the mansion's European inspirations. While today the courtyard is covered by a glass canopy that allows for the estate's air conditioning, it was originally open to the elements, allowing the tropical climate to seep into the main house. Meant to be used as Vizcaya's main entrance, the East Loggia opens up to the Biscayne Bay. Kristine Villarroel/Business Insider Featuring marble floors and columns and decorated ceilings, the East Loggia was meant to serve as Vizcaya's main entrance for guests arriving by sea, which was Deering's intended — and preferred — way of entering the mansion. It was used as an entrance for guests who arrived by boat, while the current main entrance of the museum was used as a back entrance for guests arriving by car. The room also features a model boat hanging from its ceiling in honor of the explorers who inspired Deering's interpretation of Vizcaya. Although he began living in Vizcaya during his retirement, Deering included multiple working spaces in the property. Kristine Villarroel/Business Insider James Deering was heir to the International Harvester manufacturing firm, which produced tractors and other agricultural machinery, and he worked as its vice president from 1902 until 1909. Deering might have been one of the first prominent Florida "snowbirds," retirees who travel South during the colder months. His downstairs library, located in the northwest corner of the main house, is steps from the entrance hall that welcomes guests. It features Deering's personal book collection, desks for him and a secretary, and seats for business guests. When closed, the door leading to the next room — a reception room meant for entertaining guests — is concealed within the book-lined walls. The reception room features a ceiling imported from Venice, which had to be resized to fit. Kristine Villarroel/Business Insider The reception room is lined with tropical-inspired silk panels showing palm trees. Our tour guide brought our attention to the ceiling, which is decorated with sculpted panels that extend to the sides of the room. The ceiling was imported from Venice and purchased before construction on the property was finished. By the time workers were putting up the decorations in the mansion, they realized that the ceiling panel did not fit the room dimensions, leading to the restructuring of the panel, which curved into the walls. "We should remember that this house was built during the First World War," curator Flaminia Gennari said in the audio tour. "So to import large quantities from Italy in the middle of the war was very complicated." Vizcaya's telephone line was one of the first in Miami. Kristine Villarroel/Business Insider Wired throughout the house, Vizcaya features a highly innovative telephone system for the time. Only 17 years before the start of Vizcaya's construction, the Miami Telephone Company began providing telephone service to the city. Vizcaya's telephones also featured automatic electric exchange, allowing users to connect directly to the number they dialed without going through a human operator. The telephone room, located between two of Vizcaya's main entertainment rooms, was meant for guests to communicate privately without disturbing the flow of the entertainment. The living room showcased Deering's most impressive collections. Kristine Villarroel/Business Insider The living room, with its 1600s limestone fireplace, features some of Vizcaya's most impressive items, including an "admiral carpet" originally commissioned in the 1450s by the grandfather of King Ferdinand II of Spain, the Spanish king who sponsored Christopher Columbus' exploration of the Americas. The room also features throne-like armchairs where US President Ronald Reagan and Pope John Paul II sat in 1987 during the Pope's visit to America. A centerpiece of the room is the Welte Philharmonic Organ, designed to fill the house with music through elaborate sound systems. Designed for guests rather than full-time professional players, the organ uses perforated paper rolls to aid the musicians' performance by adjusting notes and volume. Concealing the organ pipes is an oil painting, which was cut in half to cover wooden doors. "Chalfin had the idea of cutting it in half and using it as the doors of the organs, which is not a very respectful thing to do for a representation of the Virgin Mary, the child, and the saints, but it somehow testifies to the freedom and positive carelessness that they had around old objects," Gennari said in the audio tour. The mansion's formal dining room features the house's oldest artifacts, although it was rarely used. Robin Hill Photography/Courtesy of Vizcaya Museum & Gardens While Deering himself didn't often eat in the formal dining room, he made sure it was impressively decorated for his guests. Sitting to the side is the room's most awe-inspiring feature: a marble tabletop on carved bases resembling mythical creatures, historical artifacts unearthed near Pompeii, dating back to the times before Mount Vesuvius' eruption. Next to the dining room, on the south side of the mansion, the enclosed loggia gave guests a view of the gardens. Kristine Villarroel/Business Insider The colorful glass panels, designed for Vizcaya, feature the estate's main symbols: the seahorse and the caravan. Providing a view of the garden through the glass panels and double doors, the enclosed loggia allowed guests to take in the garden views while staying cool from the Florida sun. The loggia also connects the gardens to the main house through sculpted iron gates. Kristine Villarroel/Business Insider Aside from giving guests an inside view of the gardens from the ground level, the room also connects the outdoors to the rest of the mansion. Downstairs, the kitchen worked as a serving space for staff to plate food and bring it to guests. Kristine Villarroel/Business Insider When designing Vizcaya, Deering asked for the main kitchen to be built upstairs as he didn't want the smell of food to flood the main entertaining rooms on the first floor. To facilitate the transportation of meals and the serving of guests to the dining room, the entertaining rooms, and the loggia, he built a downstairs serving pantry. Today, the serving pantry cabinets display one set of Deering's fine dining china, the one designated for his 80-foot-long luxury yacht, Nepenthe. Commissioned in 1912 to be shipped from Europe, the original set of china purchased by Deering was transported to America as cargo aboard the Titanic. After the ship sank, a replacement set was ordered and is now displayed. The kitchens feature state-of-the-art Gilded Age technology. Kristine Villarroel/Business Insider Throughout the house, Deering incorporated cutting-edge technology, including annunciators with bells connected throughout the house that Deering or guests could ring at any time to get the house staff's attention. Another then-advanced feature of the serving kitchen were its refrigerators, which were rare at the time. The kitchen also featured a warming oven that helped keep food warm while guests were served. Connecting to the upstairs kitchen, which serves as the house's main cooking area, was a dumbwaiter: a food elevator meant to carry the food cooked upstairs to the downstairs plating area, where staff would then take it to the main entertaining rooms, like the dining and sitting rooms. Upstairs, 24 rooms housed guests, staff, and Deering himself. Kristine Villarroel/Business Insider Nine of the bedrooms were dedicated to guests and each was given a name and decorated uniquely, showcasing the artifacts and furniture purchased by Deering and Chalfin on trips to Europe. While not open to the public, an additional 14 rooms housed staff. Another then-advanced technological feature of Vizcaya was its elevator. Kristine Villarroel/Business Insider Deering was motivated to move to South Florida because of his illness, so accessibility features were built throughout the house, including an elevator he would use when using a wheelchair or to avoid walking upstairs. Today, the elevator isn't open to the public, and the museum's second floor is not wheelchair accessible. Deering's main office was inspired by the Napoleonic era. Kristine Villarroel/Business Insider Connected to Deering's bedroom and bathroom, the sitting room was his office where he would tend to business and personal matters, such as sorting his mail. The decoration style was inspired by Napoleonic France. Deering's bedroom was modest compared to some of his guest bedrooms. Robin Hill/Courtesy of Vizcaya Museum and Gardens Unmarried all his life, Deering's room features a single bed rather than a larger size, and his room is furnished for practicality rather than aesthetics. His personal bathroom has one of the most breathtaking views of the property. Kristine Villarroel/Business Insider Opening onto a balcony, Deering's bathroom overlooks Biscayne Bay and offers one of the best views of the house, although it is not accessible to the public today. The closed-off balcony also leads to a secret door to the Espagnolette, the guest bedroom located next to his, usually reserved for Deering's dearest guests. Spiral staircases lead to the South tower. Kristine Villarroel/Business Insider A set of spiral staircases leads up to the South tower, one of the two guest suites overlooking the estate. The tower bedroom has views of the bay and the gardens. Kristine Villarroel/Business Insider The corner room atop the North tower was designed to transport guests to Europe. "Water reflects upwards to the ceiling and the sound of waves is audible in this room, precisely as upon the quay of this great canal of Venice," noted Chalfin about the room, according to the mansion's website. A central piece in the room is a large wardrobe assembled with 1700s Venetian panels, as well as antique painted closet doors. The breakfast room was Deering's preferred dining space. Robin Hill Photography/Courtesy of Vizcaya Museum & Gardens Back on the second floor, the breakfast room was the central entertaining spot. The room is lined with oil paintings depicting ocean scenes, and the windows slide into pocket doors, revealing views of the garden. It also features a sound system, with a piano hidden in a room off the spiral staircase next door and connected to the breakfast room through floor vents that allow sound to travel into the space. Most of the time, Deering opted to dine in this room rather than the formal dining space. Tucked next to the breakfast room is the main kitchen. Kristine Villarroel/Business Insider Designed to maximize staff efficiency, the main kitchen upstairs has different areas for different tasks, including separate sinks for washing dishes and produce. It also features ice boxes, or refrigerators of the time, powered by salt water. During Deering's time at the estate, Vizcaya employed two French chefs dedicated to food and pastries. Food served at the mansion was sourced from the staff village built across the street, where a farm provided vegetables, dairy, chicken, herbs, and citrus. "You and I could come down and drive into the farm area, stop and buy a dozen Deering eggs and take them home and have them for breakfast, and I think that was probably particularly important during World War I," historian Arva Moore Parks said in the audio tour. "He was able to supply not only himself but his workers also." Inspired by European designs, the gardens feature mazes, terraces, fountains, and more. Kristine Villarroel/Business Insider Inspired by 17th- and 18th-century Italian and French villas, the Vizcaya gardens feature a variety of scenes, from a garden theater to multiple paths and mazes, intended to highlight and enhance the native South Florida flora surrounding the estate. The original layout of Vizcaya featured over 180 acres of subtropical forests. Today, that number has gone down to 50 acres. In 1987, President Ronald Reagan hosted Pope John Paul II at the estate. Diana Walker/Getty Images On September 10, 1987, President Ronald Reagan welcomed Pope John Paul II at Vizcaya, where the two conversed while exploring the gardens and the estate. Atop a garden mount is the Casino, a focal point of the gardens. Robin Hill/Courtesy of Vizcaya Museums and Gardens Located at the top of garden mounds designed to block the reflection of water ponds into the main house, the garden casino — Italian for "little house" — was a space where Deering and his guests could take in the garden views or enjoy the subtropical weather without being in direct contact with the sun. Inside the building, a painted ceiling depicts heavenly images. Underneath, bathrooms and other now closed-off areas hide under decorated ceilings. Originally, the casino overlooked a water park part of the estate, where gondolas would be launched, a crucial part of Deering's vision for Vizcaya. Today, the water park no longer exists, and the land is instead taken up by a Catholic church, hospital, and schools after the Deering family sold part of the property to the Catholic Diocese of St. Augustine in 1946. The opposite side of the estate was once used for clandestine entertainment; now, it is a café. Kristine Villarroel/Business Insider While today a café sits underneath the mansion, the space served as a leisure center during Deering's stay. The rooms were filled with billiard tables, bowling alleys, and leather chairs. Hidden underneath the billiards table was also a roulette table, which Deering often used when his college friends visited the estate. The mansion, which opened at the peak of the Prohibition era, also had a decent supply of liquor, which Deering smuggled into the estate and hid in secret bars and cellars. The swimming pool is half-covered, providing relief from South Florida's relentless sun. Robin Hill/Courtesy of Vizcaya Museum and Gardens Tucked next to the leisure rooms underneath the main house is the half-indoor swimming pool, in which Deering is said to have only swum once. Designed as the main entry point to the mansion, the east side of the mansion opens up to a stone barge in the Biscayne Bay. Kristine Villarroel/Business Insider When he first moved into his winter home in December 1916, Deering arrived by sea on what he intended was the front entrance to Vizcaya. Opening up to the Biscayne Bay, the waterfront side of the property features a stone barge, a sculpted structure that acts as a breakwater and protects the main house from changing tides and waves. Today, the mansion hosts private events and has become a local staple for Quinceañera pictures. The mansion is often used for private events. Kristine Villarroel/Business Insider Purchased from the Deering family by Miami-Dade County for $1 million in 1962, Vizcaya today operates as a museum open to the public and for private reservations. The estate often serves as the backdrop for Quinceañera pictures among Miami's large Hispanic population. Walking around the gardens, I saw multiple young women dressed in extravagant gowns posing in the many stunning locations of the estate. Along with being a photographic hot spot, Vizcaya also hosts private events, from Miami Swim Week runway shows to floral-decorated weddings in the gardens. Today, the estate remains an icon of Miami, a city that many would often relate to modern luxury rather than the old and classic wealth on display in Gilded Age-style mansions like Vizcaya. The Vizcaya Village could be the future home of Ken Griffin's Villa Serena. Robin Hil Photography/Courtesy of Vizcaya Museum and Gardens After purchasing the historic Villa Serena estate in Coconut Grove in 2022, Citadel CEO Ken Griffin proposed relocating the 1913 Mediterranean Revival mansion to Vizcaya's Village campus. The home, designed by architect August Geiger for William Jennings Bryan, a three-time Democratic presidential candidate and former US secretary of state, is considered one of Miami's earliest grand waterfront residences. The proposal would move the century-old home from Griffin's property to Vizcaya's Village grounds, where it would be open to the public for the first time in its history and would benefit from an additional $5 million endowment provided by Griffin for its preservation. Any relocation would require extensive planning and government approvals, which have not yet been cleared. Skeptics have said that moving the structure would be an ambitious undertaking that wouldn't align with preservation goals. "Moving a historic structure is absolutely a last resort solution, to be done only if (there) is no other way possible to save a structure… It is not a preservation-minded alternative just because someone bought it and now doesn't want it," Kathleen Slesnick Kauffman, Miami's former historic preservation officer, told the Chicago Tribune in 2023. The Village originally served as Vizcaya's self-sufficient farm and the servants' quarters. Robin Hil Photography/Courtesy of Vizcaya Museum and Gardens The Vizcaya Village, which covers about 12 acres of agricultural fields and includes nearly a dozen buildings, was originally built as the quarters for the mansion's servants and farmers. Today, the campus houses a café and hosts a weekly farmers market, and is undergoing construction and expansions to transform the grounds into a cultural and community space. The Citadel CEO's $20 million donation will expand the village's role in the community. Robin Hil Photography/Courtesy of Vizcaya Museum and Gardens In November 2025, Vizcaya Museum and Gardens announced a $20 million capital donation from Griffin and said that the funds would be used toward building a brand new Center for Learning and Discovery in the village grounds. Once open, the center will offer educational programming like "hands-on artmaking and urban-agriculture experiences," the museum organization wrote in the announcement. The expansion will seek to expand Vizcaya's role in its community. Read the original article on Business Insider

Iran says US ‘more realistic’ on nuclear issue, as Guards begin drills in Hormuz Strait
PoliticsDawn21d ago

Iran says US ‘more realistic’ on nuclear issue, as Guards begin drills in Hormuz Strait

Iran said on Monday that the United States’s position on Iran’s nuclear programme “has moved towards a more realistic one”, a day ahead of a second round of US-Iranian talks in Geneva. Tehran’s foreign minister arrived in Geneva for the new round of indirect negotiations with the US, as the Revolutionary Guards began military drills in the Strait of Hormuz, a vital shipping lane for oil and gas. The two sides recently resumed indirect talks, mediated by Oman, after US President Donald Trump repeatedly threatened military action against Iran over a deadly crackdown on protesters last month. A previous attempt at negotiations collapsed when Israel launched surprise strikes on Iran, beginning a 12-day war that Washington briefly joined to bomb Iranian nuclear sites. “A cautious assessment is that, from the discussions that have taken place in Muscat to date, at least what we have been told is that the US position on the Iranian nuclear issue has moved towards a more realistic one,” said foreign ministry spokesman Esmaeil Baqaei, the official IRNA news agency reported. According to Tehran, talks mediated by Oman will be held on Tuesday in Switzerland. Washington has previously pushed for other topics to be discussed, including Iran’s ballistic missiles and support for armed groups in the region. The war games being conducted by the Guards, the ideological arm of the military, aim to prepare it for “potential security and military threats” in the Strait, Iranian state TV said. Iranian politicians have repeatedly threatened to block the strait, a strategic waterway through which about 20 per cent of global oil passes, as both sides ramp up pressure with talks set to resume. US Secretary of State Marco Rubio told reporters on Monday, “We’re hopeful there’s a deal”. “The president always prefers peaceful outcomes and negotiated outcomes to things.” Meanwhile, Iran’s top diplomat, Abbas Araghchi, wrote on X that he was meeting in Geneva with the head of the International Atomic Energy Agency, Rafael Grossi, “for deep technical discussion”. Grossi later confirmed the meeting on X, calling the conversation with Araghchi “in-depth” ahead of Tuesday’s “important negotiations”. Protest crackdown Araghchi is also set to hold talks with his Swiss and Omani counterparts as well as other international officials, Iran’s foreign ministry said. “I am in Geneva with real ideas to achieve a fair and equitable deal. What is not on the table: submission before threats,” Araghchi added on X. Washington has dispatched Middle East envoy Steve Witkoff and President Donald Trump’s son-in-law Jared Kushner, the White House confirmed on Sunday. The latest talks follow repeated threats from Trump of military action against Tehran, first over Iran’s deadly crackdown on anti-government protests, and then more recently over the country’s nuclear programme. The West fears the programme is aimed at making a bomb, which Tehran denies. On Friday, Trump said a change of government in Iran would be the “best thing that could happen”, as he sent a second aircraft carrier to the Middle East to ratchet up military pressure. His remarks came before demonstrations outside Iran against its authorities swept a number of cities, including in the US, over the weekend. ‘Viable’ deal Iran’s deputy foreign minister told the BBC that Tehran would consider compromises on its uranium stockpile if Washington lifts sanctions that have crippled the country’s economy. “If we see the sincerity on their (American) part, I am sure we will be on a road to have an agreement,” said Majid Takht-Ravanchi. Israeli Prime Minister Benjamin Netanyahu said on Sunday that any deal must involve the removal of all enriched uranium from Iran as well as Tehran’s ability to enrich more. The whereabouts of Iran’s stockpile of around 400 kilogrammes of uranium enriched to 60 per cent remains unknown, with inspectors having last seen it in June.

Rubio strikes 'same ideological notes' on Europe tour
PoliticsAl JazeeraFrance 2421d ago2 sources

Rubio strikes 'same ideological notes' on Europe tour

US Secretary of State Marco Rubio is on the final leg of a whirlwind trip to Europe that saw him address the Munich Security Conference, meet Hungarian Prime Minister Viktor Orban for talks, and visit another right-wing ally, Slovak Prime Minister Robert Fico. Despite speaking of an unbreakable link and shared heritage with Europeans, Rubio’s message has hardly changed, as he criticised Europe’s energy policy, striking what Douglas Herbert of FRANCE 24 described as the “same ideological notes” and the “same resonance with many of the MAGA themes.”

WorldFox NewsFrance 24The Independent22d ago3 sources

US Operations in Venezuela, Maduro Capture and Sanctions

US media reports indicate Anthropic’s AI model, Claude, assisted the Pentagon in an operation to capture Venezuelan President Nicolas Maduro, an action defended by Secretary of State Marco Rubio, while US forces also intercepted a sanctioned oil tanker tied to Venezuela.