UN Human Rights Envoy To Palestinian Territories Resigns

The United Nations special rapporteur for human rights in the Palestinian territories, submitted his resignation to the president of the Human Rights Council on Monday, citing Israel’s refusal to grant him access to the West Bank and Gaza. The Indonesian diplomat Makarim Wibisono said: “unfortunately, my efforts to help improve the lives of Palestinian victims of violations under the Israeli occupation have been frustrated every step of the way.” RT reports: Wibisono said his applications for access both written and oral were repeatedly rejected.

Frontrunning: January 5

  • Global share market settles after stormy start to year (Reuters)
  • Stocks Extend Losses as Yen, Gold Rise on Lingering China Unease (BBG)
  • China battles to shore up stocks, yuan after globe-shaking slide (Reuters)
  • China Said to Intervene in Stocks After $590 Billion Selloff (BBG)
  • Volkswagen faces billions in penalties as U.S. sues for environment violations (Reuters)
  • Obama tightens gun rules, requires more background checks (Reuters)
  • Obama to Announce Expansion of Background Checks for Gun Purchases (WSJ)

Stocks Resume Rout After Massive Chinese Intervention Fails To Lift Shanghai, Calm Traders

After yesterday's historic -6.9% rout in the Shanghai Composite, which saw the first new marketwide circuit breaker trading halt applied to Chinese stocks (on its first day of operation), many were wondering if the Chinese government would intervene in both the once again imploding stock market, as well as China's plunging and rapidly devaluing currency.

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