Blog Layout

Takata recall could hit million more cars in USA

Washington / AFP Tens of millions of additional cars in the US alone could be recalled over Takata’s potentially defective airbags, which have been linked to several deaths, the US auto safety regulator said on Monday. The National Highway Traffic Safety Administration said in a statement that it continues to investigate the dangers in Takata’s airbags equipped with ammonium nitrate-based ...

Read More »

Jamaica’s austerity on test in national vote

Bloomberg Jamaica is showing signs of revival after a lost decade of economic contraction and increase in poverty rates. In an election on Thursday, voters must decide whether they can stand several more years of the austerity the government says has underpinned the country’s recent turnaround. Since restructuring $9 billion of debt in 2013, the administration of Prime Minister Portia ...

Read More »

Fraga sees Brazil suffering new lost decade in just 3 years

Rio De Janeiro / Bloomberg Brazil’s economy faces a prolonged rout with no recovery in sight, as political uncertainty weighs on investor confidence and structural reforms show no sign of gaining traction, according to fund manager and former central bank chief Arminio Fraga. Even if President Dilma Rousseff survives attempts to remove her from office, she will be too weak ...

Read More »

Greece blasts Macedonia border closure as Afghan refugees stuck

Idomeni / AFP Greece said on Monday it was taking action to persuade Macedonia to take in Afghan migrants as thousands remained stranded at the border and the main port in Athens. “We have begun diplomatic moves… we believe the problem will be resolved,” junior interior minister for migration Yiannis Mouzalas told parliamentary television, without elaborating on what steps were ...

Read More »

Afghan forces retreat from districts in strategic Helmand

Kandahar / AFP Afghan troops have retreated from two districts in the southern province of Helmand, officials said on Monday, a move which highlights the challenge from Taliban fighters in the opium-producing region. “The Afghan army retreated from two army bases in Musa Qala and one base from Nawzad district” on Saturday, provincial governor Khan Rahimi said, leaving no troops ...

Read More »

Uganda opposition leader back in police custody

Kampala / AFP Uganda’s main opposition leader was held by police on Monday at a police station outside the capital after being taken from his home where he had been under house arrest. Kizza Besigye has rejected the results of Thursday’s election won by veteran President Yoweri Museveni, and called on his supporters to join a protest march to the ...

Read More »

Turkey PM unveils plan to boost struggling tourism sector

Ankara / AFP Turkish Prime Minister Ahmet Davutoglu on Monday announced a multi-million-dollar aid package for the country’s struggling tourism industry which has been hit by a crisis with Russia and security concerns. Davutoglu said that a total of 255 million Turkish lira ($86.5 million) in financial aid would be given to Turkish tourist agencies while there would also be ...

Read More »

Trump relishes wrecking Republicans

Lyndon Johnson simply was exasperated. Barack Obama’s mischief was methodical. Four days before the 1966 congressional elections, Johnson, asked about criticism from Richard Nixon, testily responded: “I do not want to get into a debate … with a chronic campaigner like Nixon.” Johnson’s disparagement endeared Nixon to Republican voters, thereby propelling him toward the presidency. Four days before Saturday’s South ...

Read More »

It’s high time China arrests overcapacity

Unrestrained growth has a price. The case in point is China’s overcapacity in heavy industries whose over-proportional development is causing damage to its own and the global economy, even as Beijing struggles to regulate and reform its industries. The hardest hit is China’s steel industry, which manufactures more than the next four largest producers combined — Japan, India, the US, ...

Read More »
Send this to a friend