Bloomberg Venezuelan security forces skirmished with protesters along the Colombian border in clashes over aid shipments between President Nicolas Maduro’s government and US-backed opponents trying to drive him out of power. National Guard soldiers on Saturday fired volleys of tear gas and plastic pellets at supporters of opposition leader Juan Guaido, who were trying to persuade them to defect and ...
Read More »Sudan’s al-Bashir declares year-long state of emergency
Bloomberg Sudan’s President Omar al-Bashir declared a state of emergency for one year and called a national dialogue amid political crisis in the north African country. “It’s better for all Sudanese to solve any problems through dialogue,” al-Bashir said in a televised address from the capital, Khartoum. “Civil and armed opposition†should come to the dialogue, he said. The president ...
Read More »Nigerians brave explosions, delays to elect a president
Bloomberg Nigerians began voting in Africa’s biggest democracy in a tight presidential race between incumbent Muhammadu Buhari and pro-market multimillionaire Atiku Abubakar. While the polls officially opened at 8 am on Saturday, some balloting stations suffered delays while election monitors reported violence in some areas. The presidential front-runners are Buhari, who’s campaigned on an anti-corruption platform, and Abubakar, who’s promised ...
Read More »May faces calls to quit within 3 months
Bloomberg Theresa May must resign as British prime minister and Conservative leader later this year after delivering Brexit, according to politicians at the highest levels of her own government. May has promised her party she will stand down before the next general election, slated for 2022, but she’s likely to face pressure to go within the next three months. Once ...
Read More »Chinese military plane enters South Korea zone
Bloomberg A Chinese military plane entered South Korea’s Air Defense Identification Zone three times on Saturday, prompting the foreign ministry to summon a Chinese embassy official, Yonhap reported. The aircraft entered the defense zone from southwest of the Korean Peninsula at around 8:03 a.m local time before exiting to the east around 8:27 am, Yonhap said, citing Korea’s Joint Chiefs ...
Read More »Saudi strikes deal to build $10bn China refining, petchem complex
Bloomberg Saudi Arabia reaffirmed its interest in the Chinese market with a deal to build a $10 billion refining and petrochemicals complex as it vies for crude-oil customers with fellow OPEC members and Russia. Saudi Arabian Oil Co, or Aramco, agreed to set up a joint venture with two Chinese companies to develop the facility in Liaoning province, according to ...
Read More »Zambia cuts power from world’s biggest man-made reservoir
Bloomberg Zambia has reduced hydropower production at the Kariba Dam because of rapidly declining water levels at the world’s biggest man-made reservoir that straddles the border with Zimbabwe, the energy minister said. “We have noted the poor water situation for the Za-mbezi system nec- essitating reduction in generation at Kariba,†Mat-thew Nkhuwa sa-id, without provi- ding further details. Water outflows ...
Read More »China extends US trade trip as tariff-hike threat endures
Bloomberg The US and China will extend into the weekend the current round of trade talks as negotiations in Washington yielded progress on currency policy but stopped short of a breakthrough that would prevent higher American tariffs from kicking in next week. “Both parties want to make this a real deal, we want to make it a meaningful deal, not ...
Read More »Australia denies coal ban from China in bid to ease investor fears
Bloomberg Australia denied that a major port in northern China has banned its coal imports and sought to calm investor nerves that strained political ties are undermining its most important trading relationship. Key government ministers took to the airwaves to dismiss a report that Dalian Port Group has imposed an indefinite ban on Australian coal. While quotas and testing has ...
Read More »Malaysia hits deflation for first time since 2009 global crisis
Bloomberg Malaysia’s economy swung into deflation in January for the first time since the aftermath of the global financial crisis in 2009 as fuel prices dropped. Consumer prices declined 0.7 percent from a year ago after hovering below 1 percent in the previous seven months, according to the statistics department. The median estimate in a Bloomberg survey of 21 economists ...
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