Donald Trump has come under fire again at the latest Republican debate, after a day in which the GOP’s veteran politicians urged voters to desert him. The front-runner in the Republican race was on the defensive in Detroit as Marco Rubio and Ted Cruz piled in. Donald Trump admitted he had changed his stance on… Continue reading Republican Debate 2016: Donald Trump Comes under Fire Again
Category: Economy & Politics
Economy and Politics news articles.
Brazil’s Economy Falls 3.8% in 2015
Brazil’s economy shrank by 3.8% in 2015, according to the national statistics agency IBGE. The world’s seventh-largest economy has fallen sharply in recent months due partly to low commodity prices and sluggish global growth. Political paralysis has hampered Brazil’s efforts to tackle its economic problems, including a budget deficit that has reached 10.8% of GDP.… Continue reading Brazil’s Economy Falls 3.8% in 2015
Mitt Romney Urges Republican Party to Reject Donald Trump
Mitt Romney has urged the Republican Party to reject Donald Trump, reportedly calling the front-runner a “phony” and “fraud”. The former Republican presidential candidate accuses Donald Trump of “playing the American public for suckers”, in a planned speech leaked to the media. Donald Trump has meanwhile mocked Mitt Romney on Twitter as a “failed candidate”… Continue reading Mitt Romney Urges Republican Party to Reject Donald Trump
Moody’s Cuts Its Outlook for China from Stable to Negative
Moody’s has cut China’s outlook from “stable” to “negative”. While reaffirming its current debt rating, the US ratings agency warned that reforms were needed to avoid a downgrade. Moody’s said the change in outlook was based on expectations that Beijing’s fiscal strength would continue to decline. The negative outlook comes on the heels of fresh… Continue reading Moody’s Cuts Its Outlook for China from Stable to Negative
Super Tuesday 2016: Hillary Clinton and Donald Trump Win Most States
Hillary Clinton and Donald Trump have each won the most states on Super Tuesday. The count is still on but Donald Trump has so far won seven states, compared with only two taken by his closest rival, Ted Cruz, and one by Marco Rubio. Speaking in his home state of Texas, Ted Cruz urged other… Continue reading Super Tuesday 2016: Hillary Clinton and Donald Trump Win Most States
Super Tuesday 2016: First Polls Open in Virginia
US presidential candidates face their biggest test yet in the so-called Super Tuesday primaries. Twelve states cast votes for candidates from either the Republican or Democratic parties or both in a contest seen as make-or-break for the hopefuls. Contests stretch from Vermont in the east to Texas and Georgia in the south. After earlier votes… Continue reading Super Tuesday 2016: First Polls Open in Virginia
Eurozone Jobless Rate Falls to 10.3% in January 2016
Eurozone unemployment rate fell for a third consecutive month in January, dropping to its lowest rate since August 2011. The jobless rate in the 19-country eurozone declined to 10.3% in January from 10.4% in December, according to Eurostat’s latest figures. The number of people unemployed in the eurozone fell by 105,000 to 16.65 million. The… Continue reading Eurozone Jobless Rate Falls to 10.3% in January 2016
Eurozone Consumer Prices Fall to Minus 0.2% in February 2016
Eurozone’s economy is back into deflation after the consumer prices fell sharply in February to minus 0.2%, putting more pressure on the European Central Bank (ECB). The slide into deflation is a sharp reversal from the revised 0.3% increase recorded in January. According to Eurostat, it is the first fall in inflation since September when… Continue reading Eurozone Consumer Prices Fall to Minus 0.2% in February 2016
Donald Trump Re-Tweets Mussolini Quote
Donald Trump has re-tweeted a quote attributed to Italian Fascist leader Benito Mussolini. The tweet, created by a parody account and including Donald Trump’s handle, read: “It is better to live one day as a lion than 100 years as a sheep.” The account is named @ilduce2016 after Benito Mussolini’s Italian title, the Leader. Asked… Continue reading Donald Trump Re-Tweets Mussolini Quote
Iran Elections 2016: Hassan Rouhani’s Reformists Win All Tehran Seats
Iran’s reformists have won a landslide victory in Tehran, in the first elections since the country signed a nuclear deal with world powers. With 90% of the votes counted, the allies of reformist President Hassan Rouhani – the pro-Rouhani List of Hope – are set to take all 30 seats in Tehran. The leading conservative… Continue reading Iran Elections 2016: Hassan Rouhani’s Reformists Win All Tehran Seats
Hillary Clinton Wins South Carolina Primary ahead of Super Tuesday
Hillary Clinton has won the South Carolina primary, the latest battleground in the race to be Democratic presidential nominee. Her victory was widely expected but it gives her momentum ahead of the “Super Tuesday” primaries in 11 states next week. “Tomorrow this campaign goes national,” Hillary Clinton told cheering supporters. Rival Bernie Sanders has congratulated… Continue reading Hillary Clinton Wins South Carolina Primary ahead of Super Tuesday
US Economic Growth Revised Upwards for Q4 2015
The US growth rate has been revised upwards for Q4 of 2015, according to the latest official figures. The economy grew at an annualized pace of 1% in Q4, compared with an initial estimate of 0.7%. Most economists had taken a more pessimistic view, expecting the figure would be revised downwards. However, businesses bought more… Continue reading US Economic Growth Revised Upwards for Q4 2015
Chris Christie Endorses Donald Trump for President
Chris Christie has made a surprise announcement saying that he is endorsing Donald Trump for president. The New Jersey governor and former Republican candidate dropped out of the 2016 presidential race after a lacklustre showing in polls and state races. During a press conference, Chris Christie said: “I’m happy to be on the Trump team… Continue reading Chris Christie Endorses Donald Trump for President
Iran Elections 2016: Voters Choose New Parliament and Assembly of Experts
Iran is voting in two key elections – the first since a deal with world powers over its nuclear program and the lifting of sanctions. Iranian voters are choosing a new parliament and Assembly of Experts, a clerical body that appoints the Supreme Leader. Reformists are hoping to increase their influence in both institutions, which… Continue reading Iran Elections 2016: Voters Choose New Parliament and Assembly of Experts
Republican Debate: Donald Trump Attacked by Ted Cruz and Marco Rubio
Ted Cruz and Marco Rubio have unleashed a barrage of attacks on front-runner Donald Trump in the last Republican debate before Super Tuesday. They sought to blunt Donald Trump’s momentum after he won three of the first four contests. Immigration, healthcare and outreach to Latino voters dominated the debate. Like previous occasions, the debate quickly… Continue reading Republican Debate: Donald Trump Attacked by Ted Cruz and Marco Rubio
IMF Report: Global Economy Is Highly Vulnerable to Adverse Shocks
According to a recent IMF report, the global economy has weakened further and warned it was “highly vulnerable to adverse shocks”. The International Monetary Fund said the weakening had come “amid increasing financial turbulence and falling asset prices”. The report comes before the meeting of G20 finance ministers and central bank governors in Shanghai later… Continue reading IMF Report: Global Economy Is Highly Vulnerable to Adverse Shocks
Bolivia Referendum: Evo Morales Loses Fourth Term Bid
Bolivian voters have rejected changing the constitution so President Evo Morales can run for a fourth term. About 51.5% voted against the move with almost all the votes counted, the electoral authority said. Evo Morales, Bolivia’s first president of indigenous origin, has said he will respect the referendum result. The constitutional change would have allowed… Continue reading Bolivia Referendum: Evo Morales Loses Fourth Term Bid
Donald Trump Wins Nevada Cementing His Lead in GOP Nomination Race
Donald Trump has easily won Nevada, cementing his lead in the race for GOP nomination. The Republican presidential hopeful now has three consecutive wins, after victories in New Hampshire and South Carolina. Senators Marco Rubio and Ted Cruz, who have been attacking each other this week, are vying for second place. GOP officials said they… Continue reading Donald Trump Wins Nevada Cementing His Lead in GOP Nomination Race
Bolivia Referendum: President Evo Morales Loses Fourth Term Bid
Bolivian President Evo Morales has narrowly lost a referendum to allow him to stand for a fourth term in office, exit polls suggest. One poll suggests 52.3% voted against the proposal to amend the constitution, while another suggests it was 51%. However, Evo Morales’s deputy has predicted Bolivia’s first head of state of indigenous origin… Continue reading Bolivia Referendum: President Evo Morales Loses Fourth Term Bid
Jeb Bush Suspends Presidential Campaign
Jeb Bush has decided to suspend his campaign on February 20 after disappointing finishes in the first three primaries of the 2016 election cycle. The son of George H. W. Bush and brother of George W. Bush entered the race to huge expectations in June, and quickly fueled them with fundraising. Working with a super… Continue reading Jeb Bush Suspends Presidential Campaign
Donald Trump Wins South Carolina Primary as Hillary Clinton Takes Nevada
Republican presidential hopeful Donald Trump has won the South Carolina primary, cementing his status as the man to beat for GOP’s nomination. In the Democratic contest, Hillary Clinton beat Vermont Senator Bernie Sanders in a tight race in Nevada. Both results will be key ahead of the “Super Tuesday” round on March 1, when a… Continue reading Donald Trump Wins South Carolina Primary as Hillary Clinton Takes Nevada
Donald Trump: “I Have a Lot of Respect for Pope Francis”
Donald Trump praised Pope Francis hours after the pontiff questioned his Christian faith. Pope Francis had said Donald Trump’s proposal to build a wall on the US border with Mexico was not Christian, provoking a strong response from the businessman. However, hours later, at a town hall event in South Carolina, Donald Trump was more… Continue reading Donald Trump: “I Have a Lot of Respect for Pope Francis”
Venezuela Increases Fuel Prices for First Time in 20 Years
Venezuela has decided to increase fuel prices for the first time in 20 years, although President Nicolas Maduro claims it will still be the cheapest in the world. Nicolas Maduro said pump prices of premium fuel would rise from the equivalent of $0.01 a liter to about $0.60. The cost of lower grade petrol would… Continue reading Venezuela Increases Fuel Prices for First Time in 20 Years
George W. Bush Campaigns for Jeb Bush in South Carolina
George W. Bush has started to campaign for his younger brother Jeb’s presidential nomination bid. The former president met veterans and appeared at a rally in South Carolina on February 15, ahead of the primary election on February 20. George W. Bush’s legacy has come under fierce attack from Republican frontrunner Donald Trump. Former Florida… Continue reading George W. Bush Campaigns for Jeb Bush in South Carolina
Japan’s Economy Shrinks 0.4% in Q4 of 2015
The Japanese economy contracted by 0.4% in Q4 of 2015 compared with the previous quarter, official figures show. Expectations for the numbers were for a quarterly contraction of 0.3%. Weaker domestic demand, together with slower investment in housing, contributed to the disappointing numbers. On an annualized basis, Japan’s economy contracted 1.4% during the period. That… Continue reading Japan’s Economy Shrinks 0.4% in Q4 of 2015