In the United States, too, I found resistance to the idea that Brexit was a harbinger of a Trump victory. I was assured over and over by liberal friends that Trump would never be president. American voters were too sensible to fall for his hateful demagogy. Trump, I was told, was a product of peculiarly American strains of populism that flare up periodically, like the anti-immigrant nativism […]
By Jack Kim and Ju-min Park | SEOUL SEOUL Besides South Korean President Park Geun-hye, the biggest casualty of the country’s mushrooming political corruption scandal may be the presidential aspirations of United Nations Secretary-General Ban Ki-moon. Although he has not declared his candidacy, Ban was until a month ago the front-runner in opinion polls to win the election scheduled for Dec. 20, 2017, a race he was […]
Shares in Italian banks opened sharply lower Monday morning after voters rejected the country’s constitutional reform referendum, with investors questioning whether some of Italy’s largest financial institutions will now be able to raise capital needed to shore up their finances. Milan’s stock market benchmark, the FTSE Mib, was down 1.4 per cent to 16,857.0 in opening trading, led lower by its banks after Matteo Renzi, Italy’s prime […]
PARIS Socialist French Prime Minister Manuel Valls is to announce later on Monday that he will run for president in next year’s election, Agence France-Presse and French television reported. Valls’ office issued a statement that he would make a declaration at 1730 GMT at the town hall in Evry, just south of Paris, but it gave no further details. His expected announcement follows a primary ballot in […]
John Key has resigned as New Zealand’s prime minister, saying it felt like “the right time to go” and that he wanted to leave on his own terms ahead of next year’s general election. Mr Key, a former Merrill Lynch banker who won three consecutive elections and whose National party is ahead in opinion polls, said he would vote for Bill English, deputy prime minister, in a […]
By Crispian Balmer and Gavin Jones | ROME ROME Italian Prime Minister Matteo Renzi said he would resign after suffering a crushing defeat on Sunday in a referendum on constitutional reform, tipping the euro zone’s third-largest economy into political turmoil. His decision to quit after just two and a half years in office deals a blow to the European Union, already reeling from multiple crises and struggling […]
Europe’s mainstream political parties have voiced their relief after Austria voted against a far-right nationalist becoming president in an election that had been seen as the first of two tests of populism on the continent on Sunday. Alexander Van der Bellen, a Green politician who ran as an independent, won 53.3 per cent of the vote while his far-right opponent, Norbert Hofer of the Freedom party, won […]
Italians and Austrians headed to the polls in closely watched votes on Sunday that will gauge the strength of Europe’s populist and extreme right political parties. Italy’s constitutional referendum on Sunday will determine the political future of prime minister Matteo Renzi and test anti-establishment parties in the eurozone’s third-largest economy. The plebiscite on Mr Renzi’s flagship overhaul — which would shrink the powers of the Italian senate […]
By Gavin Jones | ROME ROME Italians vote on Sunday in a referendum on constitutional reform which will decide the political future of Prime Minister Matteo Renzi, who has promised to resign if he loses. Financial markets and Europe’s politicians fear victory for the opposition ‘No’ camp could trigger political instability and renewed turmoil for Italy’s battered banks, pushing the euro zone towards a fresh crisis. Polls […]
By Francois Murphy | VIENNA VIENNA Austria will provide a new gauge of the populist wave sweeping Western democracies on Sunday, as the divided country holds a vote that could deliver the first freely-elected far-right head of state in Europe since World War Two. The knife-edge presidential run-off is all the more dramatic for being a re-run of an election held six months ago – before Britain […]
NEW YORK The United States “absolutely must” complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. In remarks that appeared to pre-empt President-elect Donald Trump, who has promised to roll back Wall Street regulations, New York Fed President William Dudley said much progress has been made making the financial […]
It has been a bad week for Conservative Eurosceptics, their worst since their EU referendum victory in June. The sight of Zac Goldsmith, a leading Brexiter, losing his 23,000 majority in a by-election to the pro-European Liberal Democrats capped it. “The result doesn’t change anything,” said a Conservative spokesman, pointing out that Theresa May was still committed to starting Brexit by the end of March 2017, whatever […]
First, write out the numbers one to 100 in 10 rows. Cross out the one. Then circle the two, and cross out all of the multiples of two. Circle the three, and do likewise. Follow those instructions, and you’ve just completed the first three steps of an algorithm, and an incredibly ancient one. Twenty-three centuries ago, Eratosthenes was sat in the great library of Alexandria, using this […]
Europe’s financial markets are bracing for Italy to reject the government’s constitutional reforms in Sunday’s referendum, with investors warning that an emphatic No vote risks a sharp sell-off in Italian assets. Although there has not been panic ahead of the vote, there are signs of some nerves among money managers and traders whose attention in recent weeks has been dominated by the reflation trade unleashed by Donald […]
LIMA One woman has been killed and some 40 people were arrested in a Peruvian shantytown after an angry mob tried to lynch two pollsters whom residents believed were butchering local children to take their organs, authorities said Friday. False rumours on social media claiming dead children had been found with their organs missing fanned mass hysteria in the shantytown Huaycan on the outskirts of Lima, prompting […]
At a conference on investing in non-performing loans in Milan last week, attendees were asked to vote on whether an Italian government scheme to help sell the debt was the “best way forward”. Just 3 per cent agreed. The response follows a year of wrangling over proposals to tackle the €360bn of problematic loans plaguing the balance sheets of Italian banks, which have lost half their stock […]
By Chiekh Sadibou Mane and Thierry Gouegnon | BANJUL BANJUL Gambian leader Yahya Jammeh, who once vowed to rule the tiny West African nation for “a billion years”, said he had accepted his shock election defeat on Friday, 22 years after seizing power in a coup. Voting on Thursday against Jammeh was a rare show of defiance against a leader who has ruled by decree and who […]
December 2, 2016 by: Maggie Fick, West Africa correspondent Voters in the tiny nation of Gambia appear to have unseated their president of more than two decades, who had pledged to rule for “a billion years”, an unexpected result after a year of elections that have cast doubt on the state of democracy in Africa. The Gambian electoral commission on Friday declared that Adama Barrow, the main […]
By Gavin Jones | ROME ROME With his political career on the line, Prime Minister Matteo Renzi launched a final day of campaigning on Friday ahead of a Dec. 4 referendum, saying Italy would be the strongest nation in Europe if he wins. Financial markets and Europe’s politicians fear victory for the opposition ‘No’ camp could trigger political instability and renewed turmoil for Italy’s battered banks, pushing […]
A head of steam for Italian government bond yields. There are no signs of jitters in the eurozone’s third largest debt market this morning in the last day of trading before the country votes in a closely-watched referendum this weekend. Italy’s 10-year bond yields have fallen by as much as 10 basis points this morning (0.1 percentage points) to 1.95 per cent, outperforming a wider rally in […]
India, China and Russia on Thursday held their first round of consultation on Asia-Pacific Affairs which included regional security architecture, coordination within regional and multilateral fora, anti-terrorism and other regional issues, according to PTI as reported by The Statesman. The consultation was attended by representatives from Ministry of Foreign Affairs of China, Ministry of Foreign Affairs of Russia and Ministry of External Affairs of India, an Indian […]
By Ingrid Melander | PARIS PARIS French President Francois Hollande said on Thursday he would not seek a second term in office in the presidential election in 2017, an unprecedented move that leaves the way open for other left-wing candidates. It is the first time in decades that an incumbent French president has not sought re-election. Hollande is the most unpopular president on record. “I am aware […]
By Cheikh Sadibou Mane | BANJUL BANJUL Gambians voted on Thursday in the first serious electoral challenge to President Yahya Jammeh, who has said only Allah can remove him from office and once claimed he would rule the tiny riverside West African nation for “a billion years”. Jammeh, who seized power in a 1994 coup, has made headlines by claiming to have a herbal cure for AIDS […]
By Crispian Balmer | ROME ROME A ‘No’ vote in Sunday’s referendum on constitutional reform would be a slap in the face to Europe, said the head of the rightist Northern League, pledging to pull Italy from the euro if he wins the next national elections. Matteo Salvini, who has said he would run for prime minister, has helped lead the campaign against the government’s planned overhaul […]
