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Colombia unexpectedly lifts rate to 7% amid 15-year high CPI

  Bloomberg Colombia’s central bank raised its benchmark interest rate by more than analysts forecast as inflation surged to its highest level since 2001 following the most severe drought in decades. The seven-member board voted to lift borrowing costs by half a point to 7 percent citing concern that inflation will return to target more slowly than forecast, central bank ...

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Canada 11-month surplus puts Morneau’s deficit call in doubt

  Bloomberg Canada was on pace to run a significant surplus for the last fiscal year, monthly data released Friday show, calling into question the federal government’s projection of a full-year deficit. The government raised C$3.2 billion ($2.6 billion) more than it spent in February, giving it a surplus of C$7.5 billion for the first eleven months of the fiscal ...

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Venezuela electricity chaos adds to people’s woes

Maracaibo / AFP Carmela de la Hoz sent a customer away with his hair half cut when the power went off in her salon. The customer will be back — but so will the blackouts. The rolling electricity cuts the Venezuelan government ordered across the country starting this week have hit the city of Maracaibo hard. Security forces are patrolling the ...

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Despite brutal carnage, Aleppo excluded from fighting ‘freeze’

  Aleppo / AFP Regime aircraft pounded rebel areas of Syria’s second city Aleppo, which was left out of a deal to “freeze” fighting from Saturday despite international outrage over renewed violence. Shelling and air raids in Aleppo over the past week have killed more than 230 civilians and pushed a landmark February 27 ceasefire to the verge of collapse. Crude ...

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Rouhani allies win Iran parliament polls 2nd round

  Tehran / AFP Reformist and moderate politicians allied with Iran’s President Hassan Rouhani won most seats in second round parliamentary elections, local media reported on Saturday. Unofficial and incomplete results said that of the 68 seats being contested at least 33 had gone to the pro-Rouhani List of Hope, with conservatives gaining 21 more MPs. The second ballot to complete ...

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China, Japan ministers meet to smooth tense ties

  BEIJING / AP China portrayed the visit Saturday by the Japanese foreign minister as an act of outreach to an angry Beijing, as the two sides try to repair relations bedeviled by disputes over territory, history and competition for influence in East Asia. Chinese Foreign Minister Wang Yi told Fumio Kishida that the ties must be based on “respect ...

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Bombing against pilgrims kills 23 in Iraq

  Baghdad / AFP A car bomb targeting Shiite pilgrims killed at least 23 people near Baghdad on Saturday, as hundreds protested in the capital for reforms and parliament made another attempt to reshuffle the cabinet. Iraq has been hit by weeks of political turmoil surrounding Prime Minister Haider Al Abadi’s efforts to change the government. Both Washington and the United ...

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UN: Yemen foes begin direct talks to resolve key issues

  Kuwait City / AFP Yemen’s warring parties began face-to-face peace talks on Saturday on “key issues” in a bid to end the conflict in the impoverished Arab country, the United Nations said. “All delegations are present. Key issues will be addressed,” Charbel Raji, spokesman for Yemen’s UN envoy Ismail Ould Cheikh Ahmed, said about the negotiations taking place in ...

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‘Afghan MSF survivors’ call for US troops trial

  Kunduz / AFP Survivors of a US air strike on a hospital in Afghanistan have called for those responsible to go on trial and dismissed an American military investigation that said the bombardment did not amount to a war crime. The attack on the hospital run by medical charity Doctors Without Borders in the city of Kunduz last October ...

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Hundreds protest outside Trump speech in California

  Burlingame / AFP Hundreds of demonstrators jostled with police in riot gear outside a California hotel where Republican presidential frontrunner Donald Trump gave a speech, forcing the candidate to duck into a back entrance. At one point, several dozen protesters broke through barricades and attempted to storm the hotel where the California Republican Party Convention was taking place on Friday, ...

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