Rousseff’s power gets jolt as ally abandons Brazil government

Bloomberg A move by Brazil’s largest party to depart from the ruling coalition further weakened the government and raised the odds that President Dilma Rousseff will lose the impeachment vote. The latest blow capped a month in which the least popular president in decades faced a wave of massive protests, fought accusations that she tried to obstruct a corruption probe, ...

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Russia running ‘shadow government’ for east Ukraine

Berlin / AFP Russia is running a “shadow government” in rebel-held territories of eastern Ukraine under the control of the FSB intelligence service, German daily Bild reported on Wednesday, citing minutes from an official commission. The report said that basic administrative functions of the cities of Donetsk and Lugansk are being run by six working groups at five Russian ministries. ...

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Policeman killed in Dagestan bombing claimed by IS

Moscow / AFP Russia launched an investigation on Wednesday after a police officer was killed and two were injured in a bomb attack in the volatile Dagestan region that was claimed by the IS group. Two explosive devices were detonated on a main road near the city of Kaspiysk late Tuesday as two police vehicles passed, Russian authorities said. The ...

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Brussels airport delays reopening

Brussels / AFP Brussels airport said it would not reopen on Wednesday despite drills to test resuming partial services after the suicide bombings that struck its departure hall and a metro train, as Belgium lowered the death toll to 32. Zaventem airport has been closed since twin bombings wrecked the departure hall on March 22, in coordinated suicide attacks that ...

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Police evacuate migrant camp near Paris subway station

PARIS / AP Police evacuated nearly 1,000 migrants on Wednesday from a makeshift camp near a Paris subway station, and hundreds of people sought to cross from Turkey to Greece despite European efforts to slow down the arrivals. The Paris operation was peaceful and authorities offered the migrants temporary lodging and help applying for asylum, the Interior Ministry said in ...

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Trump, Cruz and Kasich leave Republican loyalty oath in tatters

Bloomberg All three of the remaining Republican presidential candidates said at a CNN Town Hall in Milwaukee that they no longer feel beholden to the “loyalty pledge” they signed in September not to run as a third party candidate and to support the party’s presidential nominee. When asked point blank if he would pledge his support to the nominee, Trump ...

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Libya mars Clinton’s foreign policy record

Republican peculiarities in this political season are so numerous and lurid that insufficient attention is being paid to this: The probable Democratic nominee’s principal credential, her service as secretary of state, is undermined by a debacle of remarkable dishonesty. Hillary Clinton’s supposedly supreme presidential qualification is not her public prominence, which is derivative from her marriage, or her unremarkable tenure ...

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Southern Africa needs agribiz sector boost

Southern Africa is reeling under an unprecedented dry spell. The region’s worst drought in over three decades has unleashed a severe hunger crisis. It is also taking a huge toll on economy. Ethiopia will miss the targeted economic growth due to the agriculture mayhem, caused by the El Nino weather phenomenon. Food imports are stuck in port logjams and the ...

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Afghan refugees in difficult situation

Catherine Putz SPECIAL TO EMIRATES BUSINESS Afghan refugees have returned to the headlines as European countries pursue avenues to send many of those waiting for asylum back to Afghanistan. A larger number reside in Pakistan and Iran, where they are stuck in the limbo of refugee camps. Meanwhile, many of those who have already returned remain in a difficult situation, ...

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Yellen tells markets what they want to hear

Markets had a predictable immediate reaction to comments by Federal Reserve Chair Janet Yellen on Tuesday that they interpreted as relatively dovish signals about the thinking of the world’s most important central bank. Within minutes of her remarks, risk assets rose, government bond yields fell, the dollar weakened and the VIX declined. Sustaining this trend will require two policy signals, ...

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