Madrid /Â AFP Spain’s ruling conservatives made a fresh push on Monday to form a government and unblock months of political paralysis after emerging stronger from another inconclusive general election. The Popular Party (PP) was the big winner of Sunday’s elections, the second in six months, which played out against a background of turbulence from Britain’s shock vote to leave ...
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Pressure mounts on Thai junta over fake bomb detectors
Bangkok / AFP Activists on Monday urged Britain to hand over details of the multi-million-dollar sale to Thailand of fake bomb detectors that led to the detention of scores of innocent people. British fraudster Gary Bolton was jailed in 2013 for making millions selling the GT200—which he billed as a “magic wand” able to detect tiny particles of explosives ...
Read More »Voters OK contentious French airport site
France / AFP Voters in western France gave the go-ahead on Sunday to a controversial airport development that has been at the centre of a years-long battle between environmental activists and the government. The local referendum on the new Nantes Atlantique airport passed with a 55 percent majority, ending a 50 year argument that saw the government’s environment advisers ...
Read More »UK Labour leader defies revolt over Brexit strategy
London /Â AFP Britain’s opposition leader Jeremy Corbyn insisted he would not give up his job in a Labour Party revolt over his handling of the EU referendum campaign, as the aftershocks from the “Leave” vote reverberate around the country. Eleven members of the veteran socialist’s top team resigned Sunday, blaming him for failing to rally the party’s core working-class ...
Read More »Duterte says wants death penalty for revenge
Manila / AFP Incoming Philippine president Rodrigo Duterte on Monday hit out at “stupid” human rights campaigners, as he defended his imminent war on crime and emphasised the death penalty was for retribution. Duterte gave a lengthy speech in his southern hometown of Davao to outline his vision for the nation once he takes office on Thursday, with a ...
Read More »Firefighters advance on central California wildfire
LAKE ISABELLA /Â AP Firefighters advanced on a wildfire in central California that has claimed two lives and destroyed 200 homes. Federal fire officials said containment on the 68-square-mile blaze increased from 10 percent to 40 percent. Some 2,000 firefighters were battling the blaze, which destroyed many homes belonging to retirees on fixed incomes with few other possessions. “Most people ...
Read More »10 stabbed, many injured at white nationalist rally in Calif
SAN FRANCISCO /Â AP Ten people suffered stab wounds and other injuries after members of a white nationalist group that planned to rally outside the California state Capitol building in Sacramento clashed with a larger group of counter protesters, authorities said. The fight broke out when about 30 members of the Traditionalist Worker Party gathering to rally around noon Sunday ...
Read More »Brexit plays dampener to Draghi’s retreat as ECB faces crisis
Bloomberg Sintra was never meant to be like this. The European Central Bank’s annual forum in the luscious Portuguese retreat outside Lisbon, was intended as a laid-back event where central bankers and academic economists can thrash out the theories of monetary policy. Instead, reality has intruded once again, this time in the form of the UK’s shock decision to ...
Read More »Nordea CEO pledges dividend growth
Bloomberg Nordea Bank AB underscored its intention to hand shareholders bigger dividends each year amid speculation it may need to hold more regulatory capital after underestimating the risk in its corporate loan book. The bank paid 64 euro cents per share in 2015, more than doubling payouts to investors since 2010. After backtracking in January on a pledge to ...
Read More »Italy to weigh US$44billion banks injection after EU referendum
Bloomberg Italy is considering injecting capital into some lenders after the U.K.’s vote to leave the European Union sparked a selloff among banks already hurt by investor concerns tied to their bad loans, according to people with knowledge of the discussions. The government is weighing measures that may add as much as 40 billion euros ($44 billion), said one ...
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