US presents corruption charges against 16 additional FIFA officials

Washington, Safar 21, 1437, Dec 3, 2015, SPA — The US is charging 16 additional FIFA officials
with corruption in a new indictment, after initial charges filed
against 14 people in May, Attorney General Loretta Lynch says, according to dpa.

“A grand jury in Brooklyn has returned a 92-count superseding
indictment, which includes charges against 16 new defendants, all of
whom are current or former soccer officials,” Lynch says.

“It charges high-ranking officials of other soccer governing bodies,
including the current and former presidents of the soccer
associations of Central and South America.”
00:00 LOCAL TIME 21:00 GMT

U.S. Services Sector Slows

Washington, Safar 21, 1437, Dec 3, 2015, SPA– U.S. services firms grew again last month but at the slowest pace since May, an industry group said Thursday.
The Institute for Supply Management (ISM) reported that its services index dropped to 55.9 last month from 59.1 in October. The November reading was the lowest since May’s 55.7. Still, any reading above 50 signals that services firms are expanding.
The survey registered slower growth last month for business activity, new orders, and employment in the services sector.
Services have been a source of strength in the economy this year. Services firms have added 2.5 million jobs since October 2014, which is 89 percent of jobs created over that period, according to the Labor Department.

19:49 LOCAL TIME 16:49 GMT

U.S. Factory Orders Rebound on Transportation

Washington, Safar 21, 1437, Dec 3, 2015, SPA– New orders for American factory goods rebounded in October after two straight months of decline, the government said Thursday, but manufacturing remains crippled by a strong dollar and spending cuts in the energy sector.
The Commerce Department reported that new orders for manufactured goods increased 1.5 percent on rising demand for transportation equipment and a range of other goods. Orders in September were revised to show them falling 0.8 percent instead of the previously reported 1.0 percent drop.
Economists had forecast orders climbing 1.4 percent in October. The dollar has gained 18.6 percent against the currencies of main U.S. trading partners since June 2014, which has eroded export growth and undercut the profits of multinationals.
In October, orders for transportation equipment increased 7.9 percent, largely reflecting a rise in aircraft orders. They had dropped 2.2 percent in September. Motor vehicle orders fell 2.1 percent.
Shipments of non-defense capital goods, which are used to calculate business equipment spending in the gross domestic product (GDP) report, dropped 0.5 percent in October as opposed to the 0.4 percent decline reported last month.

19:18 LOCAL TIME 16:18 GMT

U.S. Jobless Claims Rise Slightly

Washington, Safar 21, 1437, Dec 3, 2015, SPA — The number of Americans filing for unemployment benefits increased last week, the government said Thursday, but remained at levels consistent with a strengthening labor market.
The Labor Department reported that initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 269,000 for the week ended November 28.
It was the thirty-ninth straight week that jobless claims held below 300,000, which normally is associated with a healthy labor market. Claims are near levels last seen in 1973 and there is little room for further declines as the labor market normalizes.
The four-week moving average of claims, considered a better measure of labor market trends as it strips out week-to-week volatility, fell 1,750 to 269,250 last week.

18:42 LOCAL TIME 15:42 GMT

Today Marks the 500th Day that Washington Post Journalist Jason Rezaian Has Been Held Illegally in an Iranian Prison Petition with over 500,000 Signatures Calling for Jason’s Release to be Delivered to Iranian Mission to the United Nations Supplemental Brief Filed with UN Working Group on Arbitrary Detention Seeking Urgent Action Regarding Unlawful Detention of Jason Rezaian NEW YORK, Dec. 3, 2015 /PRNewswire/ — As of today, Thursday, December 3, Washington Post journalist […]

Council of Saudi Chambers President meets Ethiopian Agriculture Minister

Riyadh, Safar 21, 1437, December 03, 2015, SPA — The President of the Council of Saudi Chambers Dr. Abdulrahman Al-Zamil stressed the importance of enhancement of economic cooperation between the Kingdom and Ethiopia by taking advantage of available trade and investment opportunities and turning them into successful partnerships for the interest of the two countries, noting that the trade exchange between the two countries amounted to $ 323 US dollars last year.
This came during his meeting here today with Ethiopian Minister of Agriculture and Natural Resources Tefera Deribew in the presence of a number of Saudi and Ethiopian businessmen and investors.
For his part, the Ethiopian Minister praised bilateral relations between the two countries at all levels, particularly in economic and investment fields.

16:06 LOCAL TIME 13:06 GMT