Bloomberg Russia has sent a senior delegation to Venezuela to consult high-ranking government officials on a plan to stem the brutal economic collapse in a key Kremlin ally. Venezuela is reeling from the impact of US sanctions and low oil prices. Russia, which has maintained close ties with the leftist government of President Nicolas Maduro and provided a lifeline in ...
Read More »Politics
Typhoon Yutu batters northern Philippines
Bloomberg Typhoon Yutu slammed into northern Philippines on Tuesday and is travelling a path similar to last month’s super storm Mangkhut that killed at least 82 people and damaged about $500 million of farm output in the Southeast Asian nation. More than 10,000 people were moved to safer grounds before Yutu came ashore. As many as 12 million people are ...
Read More »Mongolia president mulls hunger strike to protest parliament
Bloomberg Mongolia’s president said he may go on a hunger strike or stage a sit-in as a last resort to pressure the North Asian nation’s parliament to voluntarily disband after he criticized it for failing to stand up to economic challenges. President Khaltmaa Battulga, who has only has limited power to introduce and veto legislation, made the suggestion in a ...
Read More »Warning of ‘bloodshed’ as Sri Lanka’s crisis deepens
Bloomberg The speaker of Sri Lanka’s parliament has warned his country could descend into political violence if the legislature remains suspended throughout a leadership struggle that has plunged the island nation into a constitutional crisis. The capital Colombo was gripped by political intrigue after President Maithripala Sirisena said he had to fire Prime Minister Ranil Wickremesinghe late on Friday because ...
Read More »Merkel to step down as party leader with authority hit by losses
Bloomberg Germany’s Angela Merkel will quit as head of her Christian Democratic party after almost two decades, a person familiar with the matter said. She intends to stay on as chancellor and step down when her current term ends in 2021, the person said, despite a series of political setbacks that have eaten into her authority. The shock decision from ...
Read More »White House braces for GOP losses and staff exodus
Bloomberg White House officials are largely resigned to losing Republican control of the US House and are bracing for an exodus of staff worried about a torrent of subpoenas from Democratic congressional investigators. President Donald Trump’s team still sees a possible path to victory. But talk of a “red wave†has ceased, advisers inside and outside the White House said. ...
Read More »Georgia presidential race faces runoff
Bloomberg The contest to be Georgia’s last directly elected president is heading to a runoff after the two main rivals were practically tied first round. Salome Zurabishvili, who’s backed by the ruling Georgian Dream party, topped the list of 25 candidates with 38.6 percent support, ahead of Grigol Vashadze of the Strength in Unity coalition, who received 37.7 percent, with ...
Read More »Swedish speaker takes over process to break deadlock
Bloomberg The speaker of parliament took over the government formation process after more than a month of talks have led nowhere on forming a new Swedish ruling coalition after last month’s inconclusive election. The willingness to compromise has been “limited†so far, Speaker Andreas Norlen said at a press conference in parliament. He will now lead group talks, starting as ...
Read More »Trump calls for unity after 11 killed in synagogue shooting
Bloomberg Donald Trump condemned “all forms of evil,†including anti-Semitism, after a mass shooting at a synagogue in Pittsburgh left 11 people dead in what’s being investigated as a hate crime. “We mourn for the unthinkable loss of life that took place today,†the president told a gathering of young farmers in Indianapolis, pledging the full resources of his administration ...
Read More »Trump plans eight-state rallies in campaign swing
Bloomberg President Donald Trump plans to hold campaign rallies in eight states next week in a final push ahead of November elections that will determine whether Republicans retain control of Congress, a White House official said. Trump will travel to Missouri, West Virginia, Montana, Indiana, Ohio, Georgia, Tennessee and Florida in the final days before the November 6 vote, the ...
Read More »