Bloomberg Delhi voted in the bitterly contested state election on Saturday, with PM Narendra Modi’s Bharatiya Janata Party (BJP) in a tough fight to reclaim the capital region, marking the first major test at the ballot box of his religion-based citizenship law that’s spurred nationwide protests. About 14.6 million voters cast their votes to elect 70 members to the legislative ...
Read More »10 killed, many hurt in Thailand shooting
Bloomberg An attacker using military-style weapons killed at least 10 people in Thailand and appeared to livestream the assault on Facebook. Many others were injured in the incident on Saturday and the assailant remains at large, according to police spokesman Kritsana Pattanacharoen. The shooting took place in a city commonly known as Korat in Nakhon Ratchasima province northeast of Bangkok. ...
Read More »Trump’s Mideast plan unacceptable: Mahathir
Bloomberg Malaysian PM Mahathir Mohamad said the proposed Israel-Palestine peace deal that was announced by US President Donald Trump is “utterly unacceptable“ and “grossly unjust.†The plan, dubbed the “Deal of the Century†by Trump, hands the holy city of Jerusalem on a silver platter to Israel in absolute disregard for the feelings of millions of Muslims and Christians worldwide, ...
Read More »Trump ousts impeachment witnesses Sondland, Vindman
Bloomberg President Donald Trump moved swiftly to exact retribution on those he blames for his impeachment, purging his administration of two witnesses who testified against him in the House inquiry just two days after his acquittal by the Senate. Gordon Sondland announced he had been ousted as US ambassador to the European Union just hours after the White House dismissed ...
Read More »HK protesters see virus fuelling movement
Bloomberg Prominent activist Ventus Lau stood outside a restaurant, handing out surgical masks and asking recipients to shout pro-democracy slogans — including the popular rallying cry “Liberate Hong Kong! Revolution of our times!†For Lau, who has organised some of the biggest anti-government protests since they began last June, the demonstrations are on hold as fear of a new coronavirus ...
Read More »Varadkar risks defeat as Irish voters head to polls
Bloomberg Ireland voted on Saturday, with PM Leo Varadkar’s party facing a struggle to retain power after almost a decade in office. Voting started at 7 am and was expected to finish at 10 pm. State broadcaster RTE was expected to release an exit poll immediately after voting ends. Counting is set to begin on Sunday, with a clear picture ...
Read More »Coronavirus crisis highlights flaws in the ‘Chinese model’
The “Chinese model,†as enthusiasts sometimes describe Beijing’s autocratic system for dictating policy, can look eerily successful — until you consider catastrophic events such as the recent coronavirus outbreak. China’s response to the epidemic that began in Wuhan over a month ago shows some advantages of its police-state approach, and some severe disadvantages: Chinese authorities can commandeer resources to build ...
Read More »Is Macy’s too Macy’s to save Macy’s?
With the traditional department store in its death throes, Macy’s Inc. is doing its best to keep the concept alive. The struggling retailer last week unveiled a strategic blueprint to defend its business against the twin threats of online and discount competitors. The centerpiece is closing 125 of its department stores over the next three years, including some 30 locations ...
Read More »Aston Martin, Funding Circle left painful scars
It’s easy to announce an initial public offering in Europe, but far harder to complete it. Don’t be distracted by the handful of decent-sized share issues launched in January. The recent evidence suggests that the target audience for European IPOs is smaller, fussier and harder to reach than it used to be. Some 17 offerings totaling 1.4 billion euros were ...
Read More »Germany’s AfD causes a political earthquake
Germany made post-war history on February 5. In a total shock, one of the country’s 16 state parliaments elected a premier with votes that included members of a hard-right populist party, the Alternative for Germany (AfD). Worse, one of the AfD leaders in that state, Thuringia, is Bjoern Hoecke, considered to be on the party’s extreme — indeed proto-Fascist — ...
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