March, 2016

• 9 March

  Draghi stimulus fails in stock market as swings match 2008

  Bloomberg Mario Draghi is having no success convincing stock investors that the European Central Bank has the firepower to reignite growth. While all economists in a Bloomberg survey expect the central bank to cut interest rates when policy makers meet on Thursday, and 73 percent project them to boost the amount of money put into the financial system through bond ...

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• 9 March

  Norway wealth fund isn’t joining global stock selloff, CEO says

  Bloomberg Norway’s sovereign wealth fund, the world’s biggest, hasn’t been part of a global selloff in stocks this quarter, according to its chief executive officer, Yngve Slyngstad. “We have not been participating in the selling, and we don’t foresee” that a change of strategy will be necessary, Slyngstad said at a presentation of the fund’s 2015 results on Wednesday. The ...

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• 9 March

  Clinton’s surprise loss in key primary as Trump triumphs

  

  Washington / AFP Democratic frontrunner Hillary Clinton suffered a surprise loss to challenger Bernie Sanders in a major state primary, as billionaire Donald Trump notched a trio of easy victories in the Republican presidential nomination race. The former secretary of state slumped to defeat in the industrial rust belt state of Michigan, where Sanders snagged 49.9 percent of the vote ...

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• 9 March

  USA in talks to base long-range bombers in Australia

  Sydney / AFP Washington is in talks to station its strike bombers in Australia, according to a US general, amid concern about China’s military expansion in the South China Sea. General Lori Robinson, commander of US Pacific Air Forces, said negotiations were under way to have American B-1 bombers and aerial tankers temporarily stationed in northern Australia. “We’re in the ...

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• 9 March

  5 EU states seek sanctions against ‘Russian officials’

  Vilnius / AFP Five EU states have proposed sanctions against Russian officials responsible for the trial of hunger-striking Ukrainian military pilot Nadia Savchenko, Lithuanian Foreign Minister Linas Linkevicius said Wednesday. Savchenko is on trial for alleged involvement in the death of two Russian state television journalists in a mortar attack that occurred two months after Ukraine’s pro-Moscow eastern revolt broke ...

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• 9 March

  Iran tests more missiles in defiance of USA sanctions, fresh warnings

  

  Tehran / AFP Iran fired two more long-range ballistic missiles on Wednesday as it continued military tests in defiance of US sanctions and fresh warnings from Washington. Coming just weeks after the implementation of Iran’s historic nuclear deal with world powers, this week’s multiple missile tests were described by Iran’s powerful Revolutionary Guards as a show of force in the ...

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• 9 March

  Turkey denies begging the EU for money in migrant deal

  

  Ankara / AFP Turkey’s foreign minister on Wednesday rejected the idea Ankara was “begging” the EU for money, after it dramatically doubled its demand for funding during crunch talks on Europe’s migrant crisis. The European Union and Turkey clinched a deal in November for three billion euros ($3.3 billion) in funds for refugees in return for Ankara’s cooperation in tackling ...

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• 9 March

  Kim’s miniaturised N-warheads claim

  Seoul / AFP North Korean leader Kim Jong-un said his country has successfully miniaturised a thermo-nuclear warhead, as Pyongyang on Wednesday continued to talk up its nuclear strike capabilities amid rising military tensions on the Korean peninsula. While the North has boasted of mastering miniaturisation before, this is the first time Kim has directly claimed the breakthrough that experts see ...

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• 9 March

  Finding ideas to pick up where Abenomics left off

  

  If there’s one country that needs creative economic policy solutions, it’s Japan. With many observers saying Abenomics has stalled after a year of weak economic performance, plenty of people are asking what’s next — or has Japan run out of ideas? The backdrop doesn’t look great. The country is experiencing an unprecedented decline in population. The national debt is mounting. ...

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• 9 March

  China finds that golf carts are better than Teslas

  

  When Elon Musk closes his eyes and imagines the future of electric cars, he probably doesn’t see city streets jammed with golf carts. The Chinese government does. It’s drawing up plans to regulate plug-in vehicles with maximum speeds of 43 miles per hour. Included in that category are a vast range of vehicles that ply China’s countryside and smaller cities, ...

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