Senate Confirms Biden Fed Nominee, Lael Brainard, as Vice Chair

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By BY JEANNA SMIALEK AND EMILY COCHRANE from NYT Business https://ift.tt/Dlis01g

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New German defence chief pledges to speed up race to Nato 2pc spending target

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Germany’s new defence minister has picked an early fight inside the country’s troubled coalition, pledging to beef up military spending against the will of junior partners the Social Democrats. Annegret Kramp-Karrenbauer will make it a priority to allocate a budget equivalent to 2 percent of the German economy to the Bundeswehr, the 56-year-old told the Frankfurter Allgemeine newspaper in an interview published on Sunday. The woman known as “mini-Merkel” due to her loyalty to the Chancellor, took over as leader of the Christian Democrats from Angela Merkel at the end of 2018 and is set to take a run at the Chancellery in 2021 at the latest. “We made a clear commitment to NATO’s two percent goal. I know that we can’t get there from one day to the next, but I’m just as clear on the fact that we must get there in the end,” she said. Ms Kramp-Karrenbauer, who took over as defence minister on Wednesday, is likely to ignite yet another fire under Berlin’s tinder-dry coalition with her first ...
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One dead, five missing after Canadian helicopter goes missing during NATO exercise

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Canadian prime Minister Jusin Trudeau has confirmed that one man has died and five others are missing after a Canadian military helicopter went missing during a NATO operation. Debris and the aircraft's black box have been found in the sea between Greece and Italy, a Greek military officer and public television said Thursday. Canada's armed forces said the helicopter had been involved in an accident after taking off from the Canadian frigate Fredericton on Wednesday. "Debris has been found in Italy's zone of control and intervention" in the Ionian Sea, the Greek military officer told AFP, specifying the wreckage belonged to the Canadian helicopter. Six crew were aboard the helicopter when it disappeared, the officer said on condition of anonymity. Greek public television reported that a body had been found amid the wreckage in international waters off the Greek island of Kefalonia. Greek public television ERT said Italian and NATO vessels were also taking part in ...
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US mayor apologises for saying LGBT+ people and abortion rights campaigners should be killed

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A US mayor has been forced to apologise amid calls for his resignation after suggesting "killing out" gay people, abortion campaigners and "socialists".In a since-deleted post on Facebook, Mark Chambers, who is mayor of Carbon Hill, Alabama, said killing off minority groups would be necessary in a coming "revolution".“We live in a society where homosexuals lecture us on morals, transvestites lecture us on human biology, baby-killers lecture us on human rights and socialists lecture us on economics," the mayor posted on Facebook.Mr Chambers has been its mayor since 2004 in the town in the north west of Alabama. Despite Carbon Hill having just 2,000 residents, the public post attracted a much wider backlash.This was enflamed further when one of Mr Chambers’ friends on the site responded, saying: “Society is giving the minority more rights than the majority.“I hate to think of the country my grandkids will live in unless somehow we change and I think tha...
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