Bloomberg Kenya is facing an economic storm in 2018 in the aftermath of two disputed elections. Saddled with the triple threat of austerity measures to pay for those votes, slowing credit growth and new accounting rules for banks, Kenya now risks missing the government’s forecast for 6 percent economic growth next year, according to lenders including Nairobi-based Stanbic Bank Kenya ...
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Zimbabwe military seizes power, threatening Mugabe’s rule
Bloomberg The armed forces seized power in Zimbabwe after a week of confrontation with President Robert Mugabe’s government and said the action was needed to stave off violent conflict in the southern African nation that he’s ruled since 1980. The Zimbabwe Defense Forces will guarantee the safety of Mugabe, 93, and his family and is only “targeting criminals around him ...
Read More »US court lets Trump travel ban go partially into effect
WASHINGTON / Reuters A US appeals court in California let President Donald Trump’s latest travel ban go partially into effect, ruling the government can bar entry of people from six Mus- lim-majority countries with no connections to the United States. A three-judge panel of the San Francisco-based 9th US Circuit Court of Appeals partially granted a Trump administration request to ...
Read More »Iran ends earthquake rescue works as death toll rises to 530
ANKARA / Reuters Iranian officials called off rescue operations, saying there was little chance of finding more survivors from the earthquake that shook parts of western Iran on Sunday, killing at least 530 people, media said on Tuesday. Survivors, many left homeless by the 7.3 magnitude earthquake that struck villages and towns in a mountainous area bordering Iraq, battled overnight ...
Read More »Brazil plans cabinet shuffle as ally heads to exit
Bloomberg Brazilian President Michel Temer is planning a cabinet shakeup to rebuild support for his proposed pension overhaul after the largest ally moved closer to abandoning his government. Cities Minister Bruno Araujo, from the Brazilian Social Democracy Party, or PSDB, handed in his resignation, citing the lack of party support as the reason for his departure. Temer himself considers the ...
Read More »UK lawmakers to face stark choice to vote on Brexit
Bloomberg UK lawmakers will get a take-it-or-leave-it vote on the final Brexit deal, with their choices limited to accepting the agreement or voting for a chaotic crashing out of the block. And if the government fails to reach a deal, the UK will leave without consulting Parliament, Brexit Secretary David Davis said. The twin announcements provoked jeers in Parliament as ...
Read More »Dual-nationality crisis claims eighth Australian lawmaker
Bloomberg A dual-citizenship crisis roiling Australian politics has claimed its eighth lawmaker, with independent Senator Jacqui Lambie resigning after revealing she contravened the constitution. “I probably should have been a bit smarter and checked that citizenship stuff,†Lambie, 46, told reporters in Canberra after it was confirmed she inherited British citizenship from her Scottish-born father. “I don’t know who feels ...
Read More »Over 400 killed as strong quake jolts Iran, Iraq
BAGHDAD / ANKARA / Reuters More than 400 people were killed in Iran when a magnitude 7.3 earthquake jolted the country on Sunday, state media said, and rescuers were searching for dozens trapped under rubble in the mountainous area. At least six have died in Iraq as well. State television said more than 407 people were killed in Iran and ...
Read More »UK Labour offers May cross-party deal on Brexit
Bloomberg The UK Labour Party accused Theresa May of lacking the support within her Conservative Party to deliver a Brexit that will protect jobs, offering her a cross-party deal that will only add to pressure on the embattled prime minister. Keir Starmer, the party’s Brexit spokesman, wrote to May on Monday telling her there was a “sensible majority†in Parliament ...
Read More »Merkel enters final stretch of initial talks to form government
Bloomberg German Chancellor Angela Merkel is entering the final stretch of preliminary talks to form a new government as factions in the complex multi-party negotiations remain far apart on issues including migration, climate and European policy. Entering a fifth week of negotiations between Merkel’s Christian Democrats, her Bavarian CSU sister party, the pro-market Free Democrats and the environmental Greens, the ...
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