Category: World
Dutch elections next week to have implications for EU
Mar 09, 2017 (LBO) – The Dutch will vote in a general election next week that will focus the world’s attention on trends in populism and the future of the European Union. The election on March 15 is a dead heat between Geert Wilders, leader of the populist Party of Freedom (PVV), and Prime Minister […]
IMF worried about elections in Europe, populist candidates
Feb 13, 2017 (LBO) – International Monetary Fund’s chief Christine Lagarde says elections in several countries in Europe, in the context of support for populist parties, is a cause for concern. Germany, France and the Netherlands will hold elections in coming months which may raise questions about the future of the European Union. “I am […]
Trump dumps top lawyer who defied immigration order
Jan 31, 2017 (Reuters) – U.S. President Donald Trump fired top federal government lawyer Sally Yates on Monday after she took the extraordinarily rare step of defying the White House and refused to defend new travel restrictions targeting seven Muslim-majority nations. It was another dramatic twist in the unusually raucous roll-out of Trump’s directive that […]
Toyota relinquishes top global sales spot to Volkswagen in 2016
Jan 30, 2017 (Reuters) – Toyota Motor Corp’s four-year run as the world’s top-selling automaker has ended as the Japanese company said on Monday its global sales for 2016 fell short of Volkswagen AG’s. Toyota said global sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors Ltd truck brands rose 0. 2 percent to […]
Donald Trump is sworn in as the 45th US president: VIDEO
Jan 20, 2017 (Reuters) – Donald Trump was sworn in as the 45th president of the United States on Friday, succeeding Barack Obama and taking control of a divided country in a transition of power that he has declared will lead to “America First” policies at home and abroad. As scattered protests erupted elsewhere in […]
IMF estimates global growth uptick in 2017-2018
Jan 17, 2017 (LBO) – The International Monetary Fund has estimated global growth of 3.1 percent in 2016, which is projected to increase to 3.4 percent in 2017 and 3.6 percent in 2018, the latest World Economic Outlook report said. Although the 2017-2018 estimates remain unchanged from their October forecast, the outlook for advanced economies […]
Obama says democracy requires solidarity, in farewell speech
Jan 11, 2016 (LBO) – U.S. President Barack Obama gave his farewell speech on Tuesday, highlighting several achievements during his tenure, including reversing a recession and taking out the mastermind of 9/11. He called on democrats to support a peaceful transition of power, the hallmark of U.S. elections, urging supporters that democracy does not require […]
‘s first year
Dec 15, 2016 (Reuters) – The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration’s promises of tax cuts, spending and deregulation. The increase in the federal funds rate to a range of between 0.50 percent and 0.75 […]
Economists cut Singapore growth expectations for 2016 & 2017
Dec 14, 2016 (LBO) – Economists are expecting a slower than expected growth for this year as falling global trade hinders country’s export growth, Singapore’s central bank survey showed. 22 economists polled by the Monetary Authority of Singapore (MAS) expect the GDP growth to come in at 1.4 percent in 2016, a decline from the […]
‘s Axiata in USD600mn deal with Khazanah, Japanese firm
Dec 14, 2016 (Reuters) – Malaysian mobile network operator Axiata (AXIA.KL) said that sovereign wealth fund Khazanah Nasional Bhd [KHAZA.UL] and Innovation Network Corp of Japan (INCJ) will take stakes in its telecom infrastructure services unit, edotco, as part of a $600 mln deal. Announcing the plan on Tuesday, Axiata said it would remain the […]
‘s presidential powers suspended; PM takes over as acting leader
Dec 09, 2016 (Reuters) – South Korean President Park Geun-hye’s powers were suspended at 7:03 p.m. on Friday (1003 GMT) after parliament voted to impeach her, her office said. Prime Minister Hwang Kyo-ahn took over as acting president and told a cabinet meeting he would do his best to ensure stable government continued to function. […]
‘s education survey
Dec 07, 2016 (LBO) – Singapore has outperformed the rest of the world in the OECD’s latest Programme for International Student Assessment (PISA) survey, which evaluates the quality, equity and efficiency of school systems. The top OECD countries were Japan, Estonia, Finland and Canada. The OECD’s PISA 2015 tested around 540,000 15-year-old students in 72 […]