France’s Le Pen to visit Moscow on Friday

Marine Le Pen, French National Front (FN) political party leader and candidate for French 2017 presidential election, addresses supporters during a political rally in Metz, France, March 18, 2017. REUTERS/Vincent Kessler

MOSCOW/PARIS (Reuters) – French far-right presidential candidate Marine Le Pen will visit Russia on Friday, a country whose leader she admires and which has been at the center of allegations of interference in the French election campaign via media outlets.

A spokesman for the National Front leader confirmed the trip to Moscow after Russian news agencies reported an invitation from Leonid Slutsky, head of the parliamentary foreign affairs committee, to meet Russian lawmakers.

“I confirm the visit to Moscow”, said a Le Pen spokesman by text message. He did not respond when asked whether she would meet President Vladimir Putin.

Last year Le Pen, one of the frontrunners in France’s presidential election, said she, U.S. President Donald Trump and Putin “would be good for world peace” and she has taken a foreign policy line strongly supportive of Moscow.

Her stance pre-dates the warm words of Trump for a man whom other world leaders mistrust and who is subject to economic sanctions by the European Union and the United States over his annexation of Crimea.

While most mainstream political groups in Europe have condemned Russia in connection with the Ukraine conflict, Le Pen has said the EU provoked the crisis by threatening Russia’s interests.

Le Pen’s ties to Russia have been subject to intense scrutiny. Her party took a 9-million-euro loan from a Moscow-based bank in 2014. Senior National Front figures have been frequent visitors to Moscow, according to diplomats.

A senior aide to centrist candidate Emmanuel Macron, Le Pen’s main opponent in the election and the favorite to win, has accused Russia of using its state media to spread fake news to discredit Macron and influence the outcome of the vote.

The Russian connections of the number three presidential contender, Francois Fillon, have also been a feature of the campaign ahead of the first-round vote in a month’s time.

The Kremlin has denied meddling in the campaign. It also said this week that a French media report alleging Fillon was paid to arrange introductions to Putin was “fake news”.

(Reporting by Denis Pinchuk and Simon Carraud; Writing by Alessandra Prentice and Andrew Callus; Editing by Christian Lowe and Richard Balmforth)

Wall St. set to open lower as ‘Trump trade’ fizzles

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., March 21, 2017. REUTERS/Lucas Jackson

By Tanya Agrawal

(Reuters) – U.S. stocks looked set to open slightly lower on Wednesday, a day after Wall Street posted its biggest one-day fall since the November election, as investors fret about potential delays to President Donald Trump’s pro-growth policies.

Trump on Tuesday tried to rally Republican lawmakers behind a plan to dismantle Obamacare, his first major legislation since assuming office in January.

Republican leaders aim to move the controversial legislation to the House floor for debate as early as Thursday, amid concerns over support from party lawmakers.

Some investors fear that if the healthcare reform act runs into trouble or takes longer-than-expected to pass, then Trump’s tax reform policies may face setbacks.

“The markets were reminded yesterday the ‘Trump trade’ is not a one-way trade and there’s room for disappointment as actions on tax cuts and infrastructure spending might not materializes as quickly as we want,” said Anastasia Amoroso, global market strategist at J.P. Morgan Private Bank in Houston.

“The pronounced fall in yields across the world is not helping market sentiment at the moment either.”

U.S. 10-year Treasury yields fell to three-week lows on Tuesday and the gap between U.S. and German 10-year government borrowing costs hit its narrowest since November.

The S&P 500 has run up about 10 percent since the election in November, spurred mainly by Trump’s agenda of tax cuts and infrastructure spending, but valuations have emerged as a concern.

The benchmark index is trading at about 18 times forward earnings estimates against the long-term average of 15, according to Thomson Reuters data.

The last time the S&P 500 lost 1 percent or more in a day was on October 11.

“Given the full valuation and the long time that’s passed since we’ve had a one percent down day, let alone a correction, a forward correction is a real possibility,” said Amoroso.

Dow e-minis <1YMc1> were down 32 points, or 0.16 percent, with 45,088 contracts changing hands at 8:25 a.m. ET.

S&P 500 e-minis <ESc1> were down 0.75 points, or 0.03 percent, with 243,649 contracts traded.

Nasdaq 100 e-minis <NQc1> were down 2.25 points, or 0.04 percent, on volume of 45,312 contracts.

Oil prices also dipped and slipped back to three-month lows after data showed U.S. crude inventories rising faster than expected. [O/R]

Gold prices rose to a three-week high and the dollar index <.DXY>, which measures the greenback against a basket of currencies, was at 99.87, near the six-week low of 99.64 reached on Tuesday.

Shares of financials, which suffered their worst daily drop since June, were lower in premarket trading. Bank of America <BAC.N>, Goldman Sachs <GS.N>, JPMorgan <JPM.N>, Citigroup <C.N> and Wells Fargo <WFC.N> were all down. The financial sector has been the best performing of the 11 major S&P sectors since Trump’s election, up 18 percent.

Sears Holdings <SHLD.O> slumped 14.8 percent to $7.75 after the retailer warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales.

Dow-component Nike <NKE.N> was down 5.3 percent at $54.91, a day after the world’s largest footwear maker’s quarterly revenue missed expectations.

FedEx <FDX.N> rose 2.9 percent to $197.87 after the package delivery company posted an optimistic outlook for margins in the near-term.

(Reporting by Tanya Agrawal; Editing by Sriraj Kalluvila)

France’s Fillon fights on as window closes for putting up alternative candidate

FILE PHOTO: Francois Fillon, former French prime minister, member of The Republicans political party and 2017 presidential election candidate of the French centre-right, attends a meeting at the Trocadero square across from the Eiffel Tower in Paris, France, March 5, 2017. REUTERS/Philippe Wojazer/File Photo

By John Irish

PARIS (Reuters) – Scandal-hit Francois Fillon is set to be confirmed as the conservative candidate in France’s presidential election on Friday as the window for putting an alternative name on the ballot paper closes.

The campaign is one of the most unpredictable in the country’s history as almost 40 percent of voters have yet to make their final choice amid a topsy-turvy campaign dominated by a fraud investigation into Fillon.

Once the frontrunner, the former prime minister has fought off pressure from his The Republicans party to step aside before Friday’s deadline when all presidential candidates must be formally endorsed by at least 500 elected officials.

His main rival for the party ticket, Alain Juppe, opted not to challenge him, even if theoretically he could still get 500 backers by 1800 local time (1700 GMT).

Fillon, 63, has faced down his critics and insisted he will fight on despite an Odoxa opinion poll on Friday showing that three-quarters of French voters want him to pull out of the race.

The fraud investigation into Fillon widened on Thursday to include luxury suits he received as gifts. He was already placed under formal investigation earlier in the week on suspicion of misusing public funds linked to salaries he paid his wife and children.

Fillon, far-right leader Marine Len Pen, independent centrist Emmanuel Macron, Socialist candidate Benoit Hamon, far-left firebrand Jean-Luc Melenchon and two lesser-known candidates have already reached the endorsement target.

Another four at least could also reach the goal when the Constitutional Council publishes its final sponsors list.

It will confirm the candidates on Saturday.

Melenchon categorically ruled out on Friday quitting the election race in favour of Hamon.

Since news of the Fillon scandal emerged on January 25, he has tumbled from being the favorite to third place in opinion polls, a position that would eliminate him in the first round on April 23.

The polls point to a May 7 run-off between Le Pen and Macron, with the latter convincingly winning that duel.

A weekly Ipsos SopraSteria poll for Le Monde on Friday showed Fillon losing more ground to Le Pen and Macron.

(Reporting by John Irish; Editing by Adrian Croft)

Tight deadline for talks after nationalist surge in Northern Ireland

Sinn Fein President Gerry Adam sand Sinn Fein leader Michelle O'Neill speak to media outside the Sinn Fein offices on Falls Road in Belfast, Northern Ireland March 4, 2017. REUTERS/Clodagh Kilcoyne

By Ian Graham

DUBLIN (Reuters) – Northern Irish leaders prepared on Saturday for three weeks of challenging talks to save their devolved government after a snap election that could have dramatic implications for the politics and constitutional status of the British province.

The pro-British Democratic Unionist Party narrowly remained the largest party after the closest-ever election for the provincial assembly. But surging Irish nationalists Sinn Fein came within one seat of their rivals to deny unionist politicians a majority for the first time since Ireland was partitioned in 1921.

Major policy differences between the sides risk paralyzing government, dividing communities and creating an unwelcome distraction for Prime Minister Theresa May as she prepares to launch Britain’s formal divorce proceedings from the European Union later this month.

Northern Ireland is the poorest region of the United Kingdom and potentially the one most economically exposed to Brexit, as its frontier with the Republic of Ireland is the UK’s only land border with the EU.

“The election yesterday was in many, many ways a watershed election. Clearly the notion of a permanent or a perpetual unionist majority has been demolished,” Sinn Fein President Gerry Adams told reporters in Belfast.

“We need to reflect on that and so do the leaders of unionism and so does everyone on this island,” he added, standing in front of a mural of Bobby Sands, a member of the militant Irish Republican Army (IRA) who died in a hunger strike in prison in 1981.

The two largest parties have three weeks to form a new power-sharing government to avoid a return to direct rule from London for the first time since 2007. Sinn Fein said it would make contact with the other parties on Sunday.

GENERATIONAL SHIFT

With relations at their lowest point in a decade and Sinn Fein insisting among its conditions that DUP leader Arlene Foster step aside before it will re-enter government, few analysts think an agreement can be reached in that time.

An acrimonious campaign also added to the friction. Foster antagonized nationalists with her outright rejection of some of Sinn Fein’s demands, saying: “If you feed a crocodile, it will keep coming back looking for more.”

Michelle O’Neill, the 40-year-old new leader of Sinn Fein whose elevation represented a generational shift within the former political wing of the IRA, benefited most from the highest turnout in two decades.

“Foster angered nationalists and made sure they went out to vote but Michelle O’Neill is also a much more acceptable nationalist face than previously,” said Gary Thompson, a 57-year-old voter, as he went for a jog near parliament buildings.

Pensioner Tom Smyth, a DUP supporter, said Foster had to stand up to Sinn Fein but in doing so probably helped mobilize her rivals’ vote.

“This is terrible,” he said. “There will be no living with them (Sinn Fein) now. All my life there has been a Unionist political majority. I feel a bit exposed now and wonder what the future holds.”

Nationalist candidates, traditionally backed by Catholics, narrowed the gap overall with unionists, who tend to be favored by Protestants, to just one seat. Smaller, non-sectarian parties captured the remaining 12 percent of the vote.

IRISH UNIFICATION

Northern Ireland is still marginally a mainly Protestant province but demographics suggest Catholics could become the majority within a generation. The shift in the election will embolden Sinn Fein in its ultimate goal of leaving the United Kingdom and uniting the island of Ireland.

The party has increased calls for a referendum on the issue since Northern Ireland, like Scotland, voted to remain in the EU while the United Kingdom’s two other countries, England and Wales, chose to leave in last year’s Brexit vote.

Sinn Fein’s Mairtin O’Muilleoir, the province’s outgoing finance minister, described Brexit as “the gift that keeps on giving” for those that want a united Ireland.

“The massive shift towards nationalism in this election completely changes the landscape and most certainly brings the constitutional question to the foreground,” said Peter Shirlow, Director of Irish Studies at the University of Liverpool.

Britain’s Northern Ireland Minister James Brokenshire urged the parties to engage intensively in the short time available. Ireland’s foreign minister said both governments stood ready to provide whatever support was needed.

Former Northern Ireland first minister David Trimble, a key player in the 1998 Good Friday peace agreement that ended three decades of sectarian bloodshed, said the British government should find a way to give the parties more time.

Senior unionist politician Jeffrey Donaldson told BBC Radio:

“If we can’t do it in three weeks it could be a prolonged period of direct rule.

“In those circumstances, with Brexit coming down the road, we won’t have our own administration to speak for us and offer the best prospect of delivering the kind of outcome we need.”

(Writing by Padraic Halpin; Editing by Mark Trevelyan)

Trump fans stage series of small rallies across U.S.

Supporters of President Donald Trump gather for a "People 4 Trump" rally at Neshaminy State Park in Bensalem, Pennsylvania, U.S. March 4, 2017. REUTERS/Mark Makela

By Tim Branfalt

LANSING, Mich. (Reuters) – Supporters of President Donald Trump held a second day of small rallies on Saturday in communities around the country, a counterpoint to a wave of protests that have taken place since his election in November.

Organizers of the so-called Spirit of America rallies in at least 28 of the country’s 50 states had said they expected smaller turn-outs than the huge crowds of anti-protesters that clogged the streets of Washington, D.C., and other cities the day after Trump’s inauguration on Jan. 20.

Their predictions appeared to be correct, as they were on Monday when similar rallies were held. In many towns and cities, the rallies did not draw more than a few hundred people, and some were at risk of being outnumbered by small groups of anti-Trump protesters that gathered to shout against the rallies.

“People feel like they can’t let their foot off the gas and we need to support our president,” said Meshawn Maddock, one of the organizers of a pro-Trump rally of about 200 people in Lansing outside the Michigan State Capitol building.

“How can anyone be disappointed with bringing back jobs? And he promised he would secure our borders, and that’s exactly what he’s doing.”

Brandon Blanchard, 24, among a small group of anti-Trump protesters, said he had come in support of immigrants, Muslims and transgender people, groups that have been negatively targeted by Trump’s rhetoric and policies.

“I feel that every American that voted for Trump has been deceived. Any campaign promises have already been broken,” Blanchard said.

In Denver, several dozen people held pro-Trump signs at the top of the steps of the Colorado State Capitol building, according to video footage streamed online.

Two lines of police below them looked out on a small crowd of people protesting the rally at the bottom of the steps.

“No hate! No fear! Immigrants are welcome here!” the anti-Trump protesters shouted up the steps, along with obscene anti-Trump slogans.

The pro-Trump demonstrators were quieter, holding up Trump signs as they milled about the steps, the video showed.

In the nation’s capital, more than a hundred people gathered near the Washington Monument, a short walk from the White House, although the president himself was again in Florida for the weekend.

“He does not hate Latinos, he does hate Hispanics, he does not hate Mexicans,” a woman who described herself as a Mexican-American supporter of Trump said, addressing the crowd from a small stage. “He’s put his life at risk for us.”

(Writing and additional reporting by Jonathan Allen; Editing by Dan Grebler)

Northern Ireland talks to begin after transformative election

Sinn Fein elected candidates for East Belfast (L to R) Fran McCann, Orlaithi Flynn, Pat Sheehan and Alex Maskey pose on stage at the count centre in Belfast, Northern Ireland March 3, 2017. REUTERS/Clodagh Kilcoyne

By Ian Graham

DUBLIN (Reuters) – Northern Irish leaders prepared on Saturday for three weeks of challenging talks to save their devolved government after a snap election that could have dramatic implications for the politics and constitutional status of the British province.

The pro-British Democratic Unionist Party narrowly remained the largest party following the closest-ever election for the provincial assembly. But surging Irish nationalists Sinn Fein came within one seat of their rivals to deny unionist politicians a majority for the first time since Ireland was partitioned in 1921.

Major policy differences between the sides risk paralyzing government and dividing communities just as Britain prepares to leave the European Union. Northern Ireland, the poorest region of the United Kingdom, which has its only land border with the EU, is considered the most economically exposed to Brexit.

“Everything has changed and we enter into a new political landscape from Monday,” outgoing finance minister Mairtin O’Muilleoir of Sinn Fein told national Irish broadcaster RTE.

The two largest parties have three weeks to form a new power-sharing government to avoid devolved power returning to London for the first time since 2007.

With relations at their lowest point in a decade and Sinn Fein insisting among its conditions that DUP leader Arlene Foster step aside before it will re-enter government, few analysts think an agreement can be reached in that time.

An acrimonious campaign also added to the friction. Foster’s outright rejection of some Sinn Fein’s demands by saying that “if you feed a crocodile, it will keep coming back looking for more” antagonized and rallied nationalists.

Michelle O’Neill, the 40-year-old new leader of Sinn Fein whose elevation represented a generational shift within the former political wing of the Irish Republican Army, benefited most from the highest turnout in two decades.

“Foster angered nationalists and made sure they went out to vote but Michelle O’Neill is also a much more acceptable nationalist face than previously,” said Gary Thompson, a 57-year-old voter, as he went for a jog near parliament buildings.

Pensioner Tom Smyth, a DUP supporter, said Foster had to stand up to Sinn Fein but in doing so probably helped mobilize their rivals’ vote.

“This is terrible,” he said. “There will be no living with them (Sinn Fein) now. All my life there has been a Unionist political majority. I feel a bit exposed now and wonder what the future holds.”

IRISH UNIFICATION

Nationalist candidates, traditionally backed by Catholics, also narrowed the gap overall with unionists, who tend to be favored by Protestants, to just one seat. Smaller, non-sectarian parties captured the remaining 12 percent of the vote.

Northern Ireland is still marginally a mainly Protestant province but demographics suggest Catholics could become the majority within a generation. The shift in the election will embolden Sinn Fein in its ultimate goal of uniting Ireland.

The party has increased calls for a border poll since Northern Ireland, like Scotland, voted to remain in the EU while the United Kingdom’s two other countries, England and Wales, chose to leave.

Sinn Fein’s O’Muilleoir described Brexit as “the gift that keeps on giving” for those that want a united Ireland.

“The massive shift towards nationalism in this election completely changes the landscape and most certainly brings the constitutional question to the foreground,” said Peter Shirlow, Director of Irish Studies at the University of Liverpool.

Taking over the administration of Northern Ireland is not a prospect likely to please British prime minister Theresa May, already fighting a renewed independence push from Scotland as she readies her Brexit launch at the end of the month.

Her Northern Ireland Minister James Brokenshire urged the parties to engage intensively in the short time available.

Former Northern Ireland first minister David Trimble, who was instrumental to the 1998 Good Friday peace agreement that ended three decades of sectarian bloodshed, said the British government should find a way to give the parties more time.

“If we can’t do it in three weeks it could be a prolonged period of direct rule,” Jeffrey Donaldson, a senior member of the DUP told BBC Radio.

“In those circumstances, with Brexit coming down the road, we won’t have our own administration to speak for us and offer the best prospect of delivering the kind of outcome we need.”

(Writing by Padraic Halpin; Editing by Catherine Evans)

Washington braces for anti-Trump protests, New Yorkers march

protests

By Ian Simpson and Joseph Ax

WASHINGTON/NEW YORK (Reuters) – Washington turned into a virtual fortress on Thursday ahead of Donald Trump’s presidential inauguration, while thousands of people took to the streets of New York and Washington to express their displeasure with his coming administration.

Some 900,000 people, both Trump backers and opponents, are expected to flood Washington for Friday’s inauguration ceremony, according to organizers’ estimates. Events include the swearing-in ceremony on the steps of the U.S. Capitol and a parade to the White House along streets thronged with spectators.

The number of planned protests and rallies this year is far above what has been typical at recent presidential inaugurations, with some 30 permits granted in Washington for anti-Trump rallies and sympathy protests planned in cities from Boston to Los Angeles, and outside the U.S. in cities including London and Sydney.

The night before the inauguration, thousands of people turned out in New York for a rally at the Trump International Hotel and Tower, and then marched a few blocks from the Trump Tower where the businessman lives.

The rally featured a lineup of politicians, activists and celebrities including Mayor Bill de Blasio and actor Alec Baldwin, who trotted out the Trump parody he performs on “Saturday Night Live.”

“Donald Trump may control Washington, but we control our destiny as Americans,” de Blasio said. “We don’t fear the future. We think the future is bright, if the people’s voices are heard.”

In Washington, a group made up of hundreds of protesters clashed with police clad in riot gear who used pepper spray against some of the crowd on Thursday night, according to footage on social media.

The confrontation occurred outside the National Press Club building, where inside a so-called “DeploraBall” event was being held in support of Trump, the footage showed.

U.S. Department of Homeland Security Secretary Jeh Johnson said police aimed to keep groups separate, using tactics similar to those employed during last year’s political conventions.

“The concern is some of these groups are pro-Trump, some of them are con-Trump, and they may not play well together in the same space,” Johnson said on MSNBC.

Trump opponents have been angered by his comments during the campaign about women, illegal immigrants and Muslims and his pledges to scrap the Obamacare health reform and build a wall on the Mexican border.

The Republican’s supporters admire his experience in business, including as a real estate developer and reality television star, and view him as an outsider who will take a fresh approach to politics.

Bikers for Trump, a group that designated itself as security backup during last summer’s Republican National Convention in Cleveland, is ready to step in if protesters block access to the inauguration, said Dennis Egbert, one of the group’s organizers.

“We’re going to be backing up law enforcement. We’re on the same page,” Egbert, 63, a retired electrician from Harrisburg, Pennsylvania.

SECURITY CORDON

About 28,000 security personnel, miles of fencing, roadblocks, street barricades and dump trucks laden with sand are part of the security cordon around 3 square miles (8 square km) of central Washington.

A protest group known as Disrupt J20 has vowed to stage demonstrations at each of 12 security checkpoints and block access to the festivities on the grassy National Mall.

Police and security officials have pledged repeatedly to guarantee protesters’ constitutional rights to free speech and peaceful assembly.

Aaron Hyman, fellow at the National Gallery of Art, said he could feel tension in the streets ahead of Trump’s swearing-in and the heightened security was part of it.

“People are watching each other like, ‘You must be a Trump supporter,’ and ‘You must be one of those liberals’,” said Hyman, 32, who supported Democrat Hillary Clinton in the November election.

Friday’s crowds are expected to fall well short of the 2 million people who attended Obama’s first inauguration in 2009, and be in line with the 1 million who were at his second in 2013.

Forecast rain may also dampen the turnout, though security officials lifted an earlier ban on umbrellas, saying small umbrellas would be permitted.

(Additional reporting by Susan Heavey and Doina Chiacu in Washigton, Curtis Skinner in San Francisco, and Joseph Ax in New York; Editing by Scott Malone, James Dalgleish and Lisa Shumaker)

Iran’s Revolutionary Guards position for power

Iran's Revolutionary Guards

By Babak Dehghanpisheh

BEIRUT (Reuters) – Iran’s Revolutionary Guards look set to entrench their power and shift the country to more hardline, isolationist policies for years to come following the death of influential powerbroker Ali Akbar Hashemi Rafsanjani.

Former president Rafsanjani long had a contentious relationship with the Islamic Revolutionary Guard Corps (IRGC), which is both the strongest military force in Iran and also has vast economic interests worth billions of dollars.

With a presidential election in May and a question mark over the health of Iran’s most powerful figure, Supreme Leader Ayatollah Ali Khamenei, analysts say the Guards will soon have opportunities to tighten their grip on the levers of power.

Rafsanjani, who died on Sunday aged 82, had criticized the Guards’ expanding economic interests, which range from oil and gas to telecommunications and construction, their role in the crackdown on protests after disputed 2009 presidential elections and the country’s missile program which the Guards oversee.

Rafsanjani was a high-profile member of the Assembly of Experts that selects the Supreme Leader. Though he favored an easing of security restrictions on Iranians at home, opening up to the West politically and economically, he was a respected go-between who could balance the influence of hardliners.

During mourning ceremonies this week, senior Revolutionary Guards commanders appeared on state TV to praise Rafsanjani, a companion of the Islamic Republic’s founder Ayatollah Ruhollah Khomeini and one of the pillars of the 1979 Islamic Revolution.

But analysts say many are quietly celebrating the departure of one of their biggest domestic critics.

“They’re going to be very happy,” said Ali Ansari, director of the Institute of Iranian Studies at the University of St Andrews. “They’re shedding a lot of crocodile tears.”

ABSOLUTELY PIVOTAL

With Rafsanjani out of the picture the Guards can play a crucial role in determining who becomes the next Supreme Leader by steering Assembly members toward a candidate more sympathetic to their interests, analysts say.

“All of the candidates you hear about who could replace Khamenei are much more hardline and have more radical views,” said Mehdi Khalaji, a former seminarian from Qom who is a senior fellow at the Washington Institute for Near East Policy.

The hardline camp in Iran has defined itself by a deep distrust of Western governments and rigid opposition to internal political reform, whereas Rafsanjani was the leading force behind moderate President Hassan Rouhani’s election win.

The 2015 nuclear agreement between Iran and Western powers was also anathema to hardliners and they have often used the deal, and the economic openings it offered Western companies, to criticize Rouhani’s government.

The question of who could replace Khamenei, 77, was first raised in earnest when he was hospitalized in 2014.

State TV showed Khamenei, who became the Islamic Republic’s second Supreme Leader in 1989, in a hospital bed with a string of officials visiting. Analysts said this was done to help the public recognize that a change at the top was inevitable.

In the event of Khamenei’s death, the Assembly of Experts’ 88 members will hold a closed-door session to push for the candidate of their choice before a final vote is taken. Analysts expect the Revolutionary Guards to play a significant role.

“They’ll be absolutely pivotal,” said Ansari.

PIECES IN PLACE

The Revolutionary Guards first secured an economic foothold after the Iran-Iraq war of the 1980s when Iran’s clerical rulers allowed them to invest in leading Iranian industries.

Their economic influence, authority and wealth grew after former guardsman Mahmoud Ahmadinejad became president in 2005 and has increased since, leading some analysts to say the next Supreme Leader is unlikely to wield the same power as Khamenei.

“They have been putting all the pieces in place for a very forceful show of force if Khamenei passes away,” said Abbas Milani, director of the Iranian Studies program at Stanford University.

“They’re seizing every day one more lever of intelligence power, financial power, police power. Clearly they’re putting their forces in play,” Milani said.

While there is no clear single candidate for the role of Supreme Leader, there are a handful of top contenders.

One possible candidate is Ayatollah Mahmoud Hashemi Shahroudi, 68, a former head of the judiciary who is now deputy head of the Assembly of Experts.

Shahroudi is favored by Khamenei, experts say, and, crucially, is thought to have the backing of the Revolutionary Guards.

Another candidate is Ayatollah Sadeq Amoli Larijani, the 55-year-old current head of the judiciary who has twice been appointed to the position by Khamenei.

Larijani comes from a family of political heavyweights – one brother, Ali, is parliament speaker and another has served in government – but Sadeq is not regarded as a senior cleric and is unlikely to muster much support among the old guard.

A third possible candidate is Mohammad-Taqi Mesbah-Yazdi, a hardline stalwart who has tussled with reformists for years. Mesbah-Yazdi did not get enough votes to keep his seat in the Assembly last year and, at 82, his age will likely be an issue if he is being considered for the top position in the country.

Some analysts say, however, that given the increasing power of the Revolutionary Guards it is perhaps less significant who actually becomes the next Supreme Leader.

“The individual is no longer important,” said Khalaji at the Washington Institute. “When I get asked who’s going to replace Khamenei, I say it’s the Revolutionary Guards.”

(Editing by David Clarke)

After U.S. intel report on Putin, British government launches cyber security review

Man typing on keyboard representing cyber security threats

LONDON (Reuters) – The British government said on Monday it is launching a national inquiry into cyber security to assess the extent to which the UK is protected from an ever-increasing tide of attacks worldwide.

The inquiry comes only two days after U.S. intelligence agencies said Russian president Vladimir Putin ordered an effort to help U.S president-elect Donald Trump’s electoral chances by discrediting Hillary Clinton in the 2016 U.S. presidential campaign.

“Attention has recently focused on the potential exploitation of the cyber domain by other states and associated actors for political purposes,” said Margaret Beckett, chair of parliament’s joint committee on national security strategy.

“But this is just one source of threat that the government must address,” she added, in a statement.

Cyber attacks in the UK have been on the rise, with businesses such as banks and retailers increasingly becoming targets for hackers.

Reported attacks on financial institutions in Britain rose from just five in 2014 to 75 in the year to October 2016, data from Britain’s Financial Conduct Authority (FCA) show. Last year, retailer Tesco’s banking arm suffered an attack which saw some 2.5 million pounds stolen from 9,000 current accounts.

The inquiry will look at issues including the types of cyber threats faced by the UK, the extent of human, financial and technical capital committed to address threats, and the development of offensive cyber capabilities.

The inquiry forms part of the second National Cyber Security Strategy launched in November last year, which has a total budget of 1.9 billion pounds running from 2016 to 2021.

(Reporting by Ritvik Carvalho; editing by Stephen Addison)

Obama sanctions Russia for intervening in 2016 election

U.S. Democratic presidential nominee Hillary Clinton's campaign chairman John Podesta walks off the stage after addressing supporters at the election night rally in New York, U.S.,

HONOLULU (Reuters) – President Barack Obama on Thursday authorized a series of sanctions against Russia for intervening in the 2016 U.S. presidential election and warned of more action to come.

“These actions follow repeated private and public warnings that we have issued to the Russian government, and are a necessary and appropriate response to efforts to harm U.S. interests in violation of established international norms of behavior,” Obama said in a statement.

“These actions are not the sum total of our response to Russia’s aggressive activities. We will continue to take a variety of actions at a time and place of our choosing, some of which will not be publicized,” he said.

Obama said a report by his administration about Russia’s efforts to interfere in the 2016 election would be delivered to Congress in the coming days.

(Reporting by Jeff Mason; Editing by Chris Reese)