Category: World
Prime Ministers of New Zealand and Italy to resign
Dec 05, 2016 (LBO) – New Zealand Prime Minister John Key announced his resignation today backing his finance minister to take control saying it was the “right time” to leave politics. Key said he had no immediate future plans, but told media he would stay in Parliament long enough to avoid a by-election for his […]
Taiwanese contractor for Apple may shift production to U.S.
Nov 28, 2016 (LBO) – Hon Hai Precision Industry, the Taiwanese contract manufacturer of Apple products, may shift its production from China to the U.S, media reports said, with “Made in China” likely to lose ground under a Trump presidency. The speculation is not new, but the President-elects threats to slap heavy tariffs on Chinese […]
Trump says will quit Pacific trade deal on day one of presidency
Nov 22, 2016 (Reuters) – U.S. President-elect Donald Trump released a video on Monday laying out actions he will take on his first day in office on Jan. 20, including withdrawing the United States from a Trans-Pacific Partnership trade deal. Trump also said he would issue a rule cutting government regulations, direct the Labor Department […]
Trump committed to strategic relationships including NATO, says Obama
Nov 15, 2016 (LBO) – U.S. President-elect Donald Trump is committed to maintaining the country’s strategic relationships including NATO, President Barack Obama said speaking to reporters, following a meeting between the two. “He’s going to be the next president and regardless of what experience or assumptions he brought to the office,” said Obama. “This office […]
Fewer people living below poverty line: World Bank president
NEW YORK (Thomson Reuters Foundation) – The number of people living in extreme poverty has declined by more than 100 million across the world despite a sluggish global economy, the World Bank said on Sunday. The World Bank said 767 million people were living on less than .90 a day in 2013, its latest comprehensive […]
Clinton, Trump clash over race and economy in first debate
HEMPSTEAD, N.Y., Sept 26 (Reuters) – Democrat Hillary Clinton accused Republican Donald Trump on Monday of having a long history of racist behavior during a heated presidential debate that could reshape the 2016 campaign for the White House. Clinton and Trump interrupted each other throughout the debate on topics ranging from foreign policy to the […]
”t be fixed by monetary policy: UBS Chairman
Sept 23, 2016 (LBO) – The European Central Bank should recognize that Europe’s needs cannot be solved by monetary policy, according to UBS Chairman Axel Weber. Weber, a member of the European Central Bank Governing Council from 2004 to 2011, says monetary policy is only effective as an “interim solution or an intermediate solution.” “What […]
Socio-economic development key for NAM countries: Samarasinghe
Sep 19, 2016 (LBO) – Socio-economic development should be at the top on the agenda for Non-Aligned Movement (NAM) countries, Mahinda Samarasinghe, minister and special envoy of President Maithripala Sirisena, said at the 17th NAM Summit. Education and greater access for women are also important issues that need to taken up, he said. “Socio-economic development […]
‘s Lagarde urges action to deliver on G20’s Hangzhou commitments
Sept 06, 2016 (LBO) – Christine Lagarde, Managing Director of the International Monetary Fund (IMF), called on the leadership of the Group of 20 (G20) to implement plans for economic growth through monetary, fiscal and structural adjustments, and for the wider sharing of this growth, after Summit in Hangzhou, China. “I would like to warmly […]
UK, Australia and Taiwan issue travel advisories for Singapore on Zika cases
Aug 30, 2016 (LBO) – Countries including the U.K., Australia and Taiwan have issued travel advisories for tourists to Singapore after the nation announced a further increase in Zika cases. Singapore’s Ministry of Health confirmed 15 more cases of locally-transmitted Zika virus on Monday, bringing the total number of affected to 56, CNBC reported. The […]
Australia probes bribery scandals in Sri Lanka, Congo
Aug 25, 2016 (LBO) – Two Australian companies are caught up in bribery scandals that involve the offices of the presidents of Sri Lanka and the Republic of Congo, the Sydney Morning Herald has reported, an allegation Sri Lanka’s president has denied. A Fairfax Media investigation has uncovered evidence involving the Snowy Mountains Engineering Company […]
Melbourne remains most liveable out of 140 cities: The Economist
Aug 18, 2016 (LBO) – Melbourne in Australia for the sixth straight year remains the most liveable of the 140 cities surveyed, followed by Vienna, Vancouver and Toronto, the 2016 Liveability Ranking showed. The ranking compiled by the Intelligence Unit of ‘The Economist’ said although the top five cities remain unchanged, the past year has […]