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Euro-area economic confidence falls to lowest in 13 months

BRUSSELS / BLOOMBERG Euro-area economic confidence fell to the lowest level in more than a year just as the European Central Bank deployed fresh stimulus to spur growth and quash the threat of deflation. An index of executive and consumer confidence slumped for a third month, declining to 103.0 in March from a revised 103.9 the previous month, the European ...

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All ‘Brexit’ polls are wrong, but some are more wrong than others

Bloomberg When it comes to predicting the result of Britain’s EU membership referendum, the telephone surveys showing a lead for the “Remain” side are probably closer to the mark, despite their flaws, according to a study. Polls conducted online that suggest the race is too close to call and those done by phone are all missing important data, but the ...

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Vietnam jails 3 women for anti-state propaganda

Vietnam / AFP Vietnam jailed three women on Wednesday on charges of spreading anti-state propaganda after they waved the flag of the former US-backed South Vietnam regime, state media said. A court in Ho Chi Minh City found the women guilty of carrying out “propaganda against the socialist Republic of Vietnam,” the official ThanhNien newspaper reported. The trio had waved ...

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France to end military ops in CAR this year

Bangui / AFP France will end its military intervention in the Central African Republic this year as it has achieved its objectives of restoring security to the country after three years of communal violence, the French defence minister said Wednesday. “I can confirm to you the end of Operation Sangaris during the course of 2016,” Jean-Yves Le Drian said in ...

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Suu Kyi aide sworn in as Myanmar president

Naypyidaw / AFP Myanmar entered a new era on Wednesday as Aung San SuuKyi’s democracy movement took power after 50 years of military domination, with a close aide of the Nobel Laureate sworn in as president. HtinKyaw, a school friend and confidante of the democracy champion, succeeds former general TheinSein who has helmed reforms that have transformed Myanmar from hermit ...

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EU defends diplomats’ presence at journos’ case

Ankara / AFP The European Union backs the European diplomats who attended a controversial trial of two Turkish journalists charged with espionage after their appearance was bitterly attacked by Ankara, an official said on Wednesday. Turkey issued a protest on Monday over comments on social media made by some diplomats present at the trial last week of the opposition Cumhuriyet ...

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Hollande scraps reforms that ‘would strip terrorists of nationality’

Paris / AFP French President Francois Hollande said on Wednesday he was scrapping contested constitutional reforms proposed after the Paris attacks, in an embarrassing U-turn for his already beleaguered government. The reforms included a plan to strip convicted terrorists of their French nationality which led to howls of protests from the left flank of his Socialist party. Hollande also wanted ...

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Lennar soars as job gains fuel new-home sales

Bloomberg Lennar Corp., the second-largest U.S. homebuilder, reported a higher-than-forecast profit for its fiscal first quarter as U.S. job gains bolstered demand for real estate purchases. Net income for the three months through February was $144.1 million, or 63 cents a share, compared with $115 million, or 50 cents, a year earlier, the Miami-based company said in a statement. Lennar ...

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