Harare / AFP Zimbabwean police have announced a fresh ban on protests in the capital Harare, state media said on Tuesday, in another attempt to end demonstrations against veteran ruler President Robert Mugabe. The order came hours after a coalition of opposition parties said they would stage mass rallies across the country on Saturday to push for reform before ...
Read More »Blog Layout
Philippines says US ties strong despite Duterte tirades
Manila / AFP The Philippines assured the United States on Tuesday it will honour its obligations as a military ally following volleys of profane tirades by unpredictable President Rodrigo Duterte. Duterte said he was “not a fan” of Washington and on Monday called for the small number of US military advisers to leave the southern Philippines. On Tuesday Duterte ...
Read More »Tusk scolds Poland as tension erupts in Brexit’s wake
Bloomberg European Union President Donald Tusk lashed out at his Polish compatriots, telling them to stop attacking the bloc as a spat between Luxembourg and Hungary underlined the east-west tension he’s struggling to defuse ahead of this week’s summit of European leaders. In untypically blunt remarks, Tusk told reporters after meeting Prime Minister Beata Szydlo in Warsaw that the ...
Read More »Crisis forms backdrop to crucial Russia vote
Moscow / AFP Russia gears up for parliamentary elections on September 18 in the grips of its longest economic crisis since President Vladimir Putin took charge in 2000. Despite falling incomes and rising poverty, parties loyal to the Kremlin strongman look set to dominate the vote yet again. What role is the crisis playing in the vote and can ...
Read More »Brazil’s President Temer gets down to messy job of saving economy
BrasÃlia / AFP Fresh off his predecessor’s impeachment, Brazilian President Michel Temer is launching reforms meant to save the tanking economy, but his austerity plan risks triggering backlash — including among his allies. The center-right president was sworn in on August 31 to serve out the rest of predecessor Dilma Rousseff’s term, after she was removed from office on charges ...
Read More »Zambia inaugurates president but challenger protests
Lusaka / AFP Zambian President Edgar Lungu called for national unity in his inauguration speech on Tuesday, as a defeated opposition candidate dismissed the ceremony as “illegal and unconstitutionalâ€. Lungu, who first took power last year, won the August 11 election by around 100,000 votes but his opponent Hakainde Hichilema has alleged that the result was riddled with fraud. ...
Read More »Libya unity government loses third oil port to rivals
Tripoli / AFP Libya’s UN-backed unity government lost control on Monday of a third oil port seized by rival forces, raising fears of a major outbreak of fresh violence in the chaos-ridden country. The loss comes after fighters backing a rival administration in east Libya seized two other terminals from guards loyal to the Tripoli-based Government of National Accord (GNA) ...
Read More »Equities struggle on oil, US Fed rates outlook
AFP Stock markets struggled on Tuesday as investors contemplated the US interest rate outlook and oil prices slumped on a gloomy outlook for crude demand. Frankfurt, London and Paris had opened brightly, after a leading US Federal Reserve official tempered comments from her colleagues on the need for an early US interest rate hike. But the gains faded away ...
Read More »Samsung shares rise after selling printing unit
AFP Shares in South Korean giant Samsung Electronics rallied on Tuesday, recovering almost half the losses from a two-day collapse linked to its troubled smartphone, as traders welcomed news it had sold its printer unit for $1.05 billion to US firm HP. The company plunged more than 10 percent on Friday and Monday after it urged global consumers to ...
Read More »Tokyo’s benchmark Nikkei ticks higher by close
AFP Tokyo stocks ended higher on Tuesday with traders weighing speculation about a possible US interest rate hike while looking ahead to an upcoming Bank of Japan policy meeting. Dealers tracked a rally on Wall Street following dovish remarks by Federal Reserve Governor Lael Brainard who argued against hiking US interest rates quickly. She said the central bank should ...
Read More »