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by Hashem Osseiran and Bachir El-Khoury Agence France-Presse BEIRUT, Lebanon (AFP) — Lebanon is facing its worst economic crisis since its civil war, an unprecedented protest movement and mounting international pressure for reform, yet under-fire politicians have yet to form a government. This raises questions about what is holding up the creation of a new cabinet and what comes next for a crumbling country that can ill-afford delays. – What’s the holdup? – Lebanon has […]
Russian President Vladimir Putin warned Friday that the world could be heading for an unprecedented economic crisis due to the confrontational trade policy and protectionism being pursued by the United States. Without directly naming US President Donald Trump, who has slapped on tariffs and pulled out of trade deals, Putin lamented that a new era of protectionism was emerging and “breaking” the free trade system responsible for global prosperity. “Today we need not trade […]
UNITED NATIONS, United States (AFP) — China’s United Nations ambassador on Monday warned of “disastrous” consequences if world powers fail to find a way to ease tensions with North Korea which he said could “get out of control.” Ambassador Liu Jieyi made the remarks a day after United States President Donald Trump spoke by phone with Chinese leader Xi Jinping on the threat posed by North Korea’s missile and nuclear tests. “Currently tensions are high […]
Agence France-Presse CARACAS, Venezuela (AFP) – Desperate Venezuelans looted delivery trucks and clashed with police Friday as protests broke out in anger at chaotic efforts to change the country’s banknotes, officials and locals said. The authorities took the largest-denomination note out of circulation but failed to release the bigger bills supposed to replace it in time, leaving citizens with no way of buying food. “There is attempted looting in various parts of the country,” tweeted […]
(REUTERS) Brazil’s Senate ousted President Dilma Rousseff on Wednesday, ending an impeachment process that polarized Latin America’s biggest country amid a massive corruption scandal and brutal economic crisis. Senators voted 61-20 to convict the country’s first female president for illegally using money from state banks to bankroll public spending, marking the end of 13 years of leftist Workers Party rule. Rousseff’s opponents hailed the removal of the former leftist guerrilla as paving the way […]
PORT OF SPAIN, Trinidad and Tobago (AFP) — Trinidad and Tobago sent approximately 68 tonnes of food and commodities to crisis-hit Venezuela Thursday, with hundreds more tonnes set to arrive in the coming days, a Venezuelan official said. Venezuela, which is enduring severe shortages of food and other basic commodities, will receive 600 tonnes of goods from Trinidad and Tobago under a trade agreement. The embattled South American country is grappling with an economic crisis […]
by Ernesto TOVAR CARACAS , Venezuela (AFP) — With their country gripped by an economic crisis, Venezuelans lost half an hour of sleep Sunday as their clocks were set forward to save power on President Nicolas Maduro’s orders. At 2:30 am local time, the oil-dependent South American nation shifted its time ahead by 30 minutes — to four hours behind Greenwich Mean Time. The move, announced in mid-April, is part of a package of measures […]
CAPE TOWN, South Africa (AFP) — Beleaguered South African President Jacob Zuma Tuesday faced a no-confidence vote in parliament for a second time in less than a year and a legal bid to reinstate corruption charges against him. The mounting pressure on the president comes against a background of economic crisis sparked by his firing of two finance ministers within days in December. The fallout was followed by a public row between the respected new Finance Minister […]
Italians are confident the landslide victory of Italian Prime Minister Matteo Renzi in the European election will give him a clear mandate to push through much needed reforms to bring the country out of the economic crisis. Robby Malabanan reports.
