Republican presidential hopefuls traded sharp blows over foreign policy and the future of the Supreme Court in an often unruly and chaotic debate on CBS News. After Iowa and New Hampshire, the race has now moved to South Carolina before the February 20 primary. Front-runner Donald Trump repeatedly tangled with Texas Senator Ted Cruz and… Continue reading CBS Republican Debate 2016: Candidates Clash over Foreign Policy
Category: Economy & Politics
Economy and Politics news articles.
Oil Prices Surge as OPEC Nations Plan to Cut Production
Oil prices soared as much as 12% on February 12 after new suggestions that OPEC nations were set to cut oil production. According to the Wall Street Journal, the United Arab Emirates’ energy minister said that OPEC members were ready to reduce output. Meanwhile, Venezuela’s oil minister said oil-producing nations were on a “very good… Continue reading Oil Prices Surge as OPEC Nations Plan to Cut Production
Eurozone Economy Expanded by 1.5% in Q4 of 2015
The eurozone economy expanded by 1.5% in 2015, the statistics agency Eurostat has announced. In Q4 of 2015, the 19 countries that use the euro grew 0.3%, compared with the previous three months, Eurostat has said. The 28 countries of the EU also grew 0.3% in Q4, to a GDP growth rate of 1.8% for… Continue reading Eurozone Economy Expanded by 1.5% in Q4 of 2015
Democratic Debate 2016: Hillary Clinton and Bernie Sanders Clash over Support for Barack Obama
Hillary Clinton and Bernie Sanders clashed over support for President Barack Obama in their first debate since the New Hampshire primary. The former secretary of state sought to cast herself as the protector of Barack Obama’s legacy, sharply attacking Senator Bernie Sanders for criticizing the president. “The kind of criticism I hear from Senator Sanders,… Continue reading Democratic Debate 2016: Hillary Clinton and Bernie Sanders Clash over Support for Barack Obama
White House 2016: Chris Christie Drops Out Presidential Race
New Jersey Chris Christie has decided to drop out of the Republican presidential nomination race after a disappointing finish in New Hampshire. Chris Christie spent heavily and campaigned the longest in New Hampshire but still came in sixth place. He was praised for his debate performances and was credited with blunting the momentum of Marco… Continue reading White House 2016: Chris Christie Drops Out Presidential Race
Janet Yellen: US Financial Conditions Become Less Supportive of Growth
The head of the Federal Reserve, Janet Yellen, has warned financial conditions in the US had become “less supportive” of growth. The Fed released Janet Yellen’s prepared comments ahead of her latest appearance before Congress. The central bank raised interest rates by 0.25% for the first time in nine years in December 2015. In the… Continue reading Janet Yellen: US Financial Conditions Become Less Supportive of Growth
Laurent Fabius Quits as France’s Foreign Minister
France Foreign Minister Laurent Fabius has announced his departure from the socialist government. He told reporters that he had attended his final cabinet meeting on February 10. Laurent Fabius – who was prime minister in the 1980s – was seen as the architect of France’s tough foreign policy under President Francois Hollande. The 69-year-old has… Continue reading Laurent Fabius Quits as France’s Foreign Minister
New Hampshire 2016: Donald Trump and Bernie Sanders Win Primary
Donald Trump and Bernie Sanders have won the presidential race in the New Hampshire primary. Republican Donald Trump is likely to get more than twice the number of votes of the next Republican candidate. Democrat Bernie Sanders, who beat rival Hillary Clinton by a huge margin, said his victory showed people wanted “real change”. Both… Continue reading New Hampshire 2016: Donald Trump and Bernie Sanders Win Primary
Barack Obama’s Final Budget Proposal Includes $10.25 per Barrel Oil Tax
The White House has released the final budget proposal of Barack Obama’s presidency, a $4.1 trillion program that includes a $10.25 per barrel tax on oil. The Republican-controlled Congress is expected to reject it. The leaders of the House and Senate budget committees jointly announced they would not invite Barack Obama’s budget director to testify… Continue reading Barack Obama’s Final Budget Proposal Includes $10.25 per Barrel Oil Tax
India Surpasses China in Economic Growth
According to official figures, the Indian economy grew at an average rate of 7.5% in 2015, faster than the 6.9% growth in China. In recent history it has been unusual, but not unprecedented, for India to grow faster than China. It happened in 1981,1989,1990 and 1999, and 2015 was the first instance in this millennium,… Continue reading India Surpasses China in Economic Growth
4 Things We Learnt From The Iowa Caucuses
source The 2016 Presidential election is shaping up to be one of the most exciting in living memory. We’re still 10 months away from the election, and the sensational headlines are already hitting home. Last week played host to – what many call – the start of the election campaign in Iowa. The Iowa caucuses… Continue reading 4 Things We Learnt From The Iowa Caucuses
Haiti: President Michel Martelly Ends Term with No Replacement
Haitian President Michel Martelly has left office at the end of his term amid tension over how he is to be replaced. No successor has yet been chosen as opposition supporters challenge a deal to select an interim leader. The first day of carnival has been called off over the threat of more opposition protests.… Continue reading Haiti: President Michel Martelly Ends Term with No Replacement
GOP Debate 2016: Marco Rubio Targeted by Republican Candidates
Republican presidential hopeful Marco Rubio was attacked by several GOP rivals for the party’s nomination to run for the White House, in a fractious ABC debate. New Jersey Governor Chris Christie described Marco Rubio, a rising force in the polls, as inexperienced and scripted. Florida Senator Marco Rubio, also assailed by Donald Trump and Jeb… Continue reading GOP Debate 2016: Marco Rubio Targeted by Republican Candidates
US Jobs Report: Economy Adds 151K Jobs in January 2016
According to the new data from the Bureau of Labor Statistics, the US economy added 151,000 jobs in January 2016. The new jobs helped to push the US unemployment rate down to 4.9%. The number was lower than expected and is a sharp slowdown from December 2015, when 292,000 jobs were added. Job losses in… Continue reading US Jobs Report: Economy Adds 151K Jobs in January 2016
Hillary Clinton Clashes with Bernie Sanders in First One-To-One Democratic Debate
The first one-to-one Democratic debate saw Hillary Clinton and Bernie Sanders clashing over Wall Street and foreign policy. Hillary Clinton cast Bernie Sanders as an idealist who will not get things done and Sanders accused the former Secretary of State of being too tied to the establishment to achieve real change. The MSNBC debate in… Continue reading Hillary Clinton Clashes with Bernie Sanders in First One-To-One Democratic Debate
Donald Trump Accuses Ted Cruz of Fraud and Calls for New Election in Iowa
Donald Trump has called for a new Republican election in Iowa, accusing the winner, Ted Cruz, of fraud. The billionaire pointed to the fact that during the caucus Ted Cruz’s campaign told voters rival Ben Carson planned to quit the race, which was not true. The Cruz campaign apologized to Ben Carson, saying it was… Continue reading Donald Trump Accuses Ted Cruz of Fraud and Calls for New Election in Iowa
White House 2016: Rand Paul Suspends Presidential Campaign
Rand Paul has decided to drop out of the White House race after a disappointing fifth place finish in the Iowa caucuses. The Kentucky senator often clashed with his Republican rivals over their hawkish views on foreign policy and their support of government surveillance. Rand Paul ended his bid in part to focus on his… Continue reading White House 2016: Rand Paul Suspends Presidential Campaign
White House 2016: Candidates Move to New Hampshire for Next Vote
Republican and Democrat presidential hopefuls have arrived in New Hampshire ahead of the next vote. Iowa caucuses on February 2 were won by Senator Ted Cruz for the Republicans and Hillary Clinton for the Democrats. Ted Cruz prevailed despite trailing in opinion polls while Hillary Clinton beat Senator Bernie Sanders by just 0.2%. New Hampshire… Continue reading White House 2016: Candidates Move to New Hampshire for Next Vote
Iowa Caucus 2016: Hillary Clinton Wins Democratic Race
Hillary Clinton has won the Democratic Iowa caucuses beating Bernie Sanders with only 0.2% of the votes, the final results have shown. The Democratic Iowa results page has just updated to show 100% of districts now accounted for: Hillary Clinton 49.8% Bernie Sanders 49.6% Martin O’Malley 0.5% According to SMG Delta, Hillary Clinton’s campaign and supporters… Continue reading Iowa Caucus 2016: Hillary Clinton Wins Democratic Race
Iowa Caucus 2016: Ted Cruz Wins Republican Nomination in First Vote
Ted Cruz has won the first vote of the US 2016 presidential election in the Iowa Republican caucuses. The Texas senator declared as he railed against Washington, lobbyists and the media: “Tonight is a victory for courageous conservatives.” Ted Cruz, 45, took 28% of the Republican vote, beating his rivals Donald Trump (24%) and Marco… Continue reading Iowa Caucus 2016: Ted Cruz Wins Republican Nomination in First Vote
Iowa Caucus 2016: Candidates Make Final Pitch
This year’s presidential candidates are to make final pitches to people in Iowa, where the first votes for party nominations will take place later. Polls suggest that Republican Donald Trump has a narrow lead over Texas Senator Ted Cruz but both are well ahead of the others. In the Democratic field, the race is slightly… Continue reading Iowa Caucus 2016: Candidates Make Final Pitch
White House 2016: NYT Announces Endorsements for Presidency
The New York Times has announced its endorsements for this year’s presidential race. The publication endorsed Democrat Hillary Clinton and Republican John Kasich in their bids to become their parties’ presidential candidates. Hillary Clinton, the liberal daily said in an editorial, is “one of the most broadly and deeply qualified candidates” in modern history. An… Continue reading White House 2016: NYT Announces Endorsements for Presidency
US Economy Slows in Q4 2015
The US economy slowed sharply in Q4 of 2015, growing with an annualized rate of 0.7% comparing with the same quarter a year ago, official figures show. The rate of growth marks a sharp slowdown from the 2% growth recorded in Q3 of 2015. According to the Department of Commerce, one reason for the slower… Continue reading US Economy Slows in Q4 2015
GOP Debate 2016: Rivals Mock Donald Trump over No-Show
Donald Trump’s absence the final Republican debate before the Iowa caucuses was mocked by his rivals, who tried to fill the space vacated by the frontrunner’s boycott by attacking each other on immigration and other issues. The New York billionaire decided to withdraw after Fox News refused to drop debate host Megyn Kelly, whom he… Continue reading GOP Debate 2016: Rivals Mock Donald Trump over No-Show
Akira Amari: Japan’s Economy Minister Resigns amid Corruption Allegations
Japan’s Economy Minister Akira Amari has announced he is resigning amid corruption allegations. Akira Amari unexpectedly made the announcement at a press conference in Tokyo on January 28. He again denied personally receiving bribes from a construction company, as had been alleged by a Japanese magazine. The development will be seen as a significant blow… Continue reading Akira Amari: Japan’s Economy Minister Resigns amid Corruption Allegations