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60 percent turnout reported in Iran elections as vote counted

Tehran / AFP Around 60 percent of voters cast ballots in Iran’s elections after polling stations were kept open to allow millions of latecomers to participate, Tehran’s interior ministry said on Saturday. Coming just a month after sanctions were lifted under Iran’s nuclear deal with world powers, the outcome of Friday’s vote is being seen as a de-facto referendum on ...

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Malaysia ruling party suspends deputy as Najib cements hold

Bloomberg Malaysia’s ruling party suspended its second-in-command Muhyiddin Yassin for undermining the organization in his quest to oust Prime Minister Najib Razak, the latest indication of the premier strengthening his grip on power after months of political turmoil. Muhyiddin’s suspension as deputy president of the United Malays National Organisation will be in effect until the next party elections, Secretary-General Tengku ...

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G20 nations pledge to use all tools to lift growth

Shanghai /AFP The world’s 20 top economies will agree to use all policy tools to lift sluggish global growth, according to a draft communique obtained by Bloomberg News on Saturday, despite German disquiet over fiscal and monetary stimulus. The G20 finance ministers and central bank chiefs meeting in Shanghai agreed to use those methods, as well as structural reforms, “individually ...

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