Mass protests have been held across Brazil with demonstrators calling for the impeachment of President Dilma Rousseff. Support for Dilma Rousseff has fallen to single-digit figures in recent polls. Many voters have accused her of failing to stamp out corruption and blame her for the economy’s worst slump in 25 years. Marchers Hundreds of thousands… Continue reading Brazil: Mass Protests Calling for President Dilma Rousseff’s Impeachment
Category: Economy & Politics
Economy and Politics news articles.
Hillary Clinton Responds to Jeb Bush’s Iraq Invasion Comments
Hilary Clinton has hit back at her Republican rival Jeb Bush over who is responsible for instability in Iraq and the rise of the Islamic State (ISIS). On August 11, Republican presidential hopeful Jeb Bush accused the Obama administration of a “premature withdrawal” of US forces from Iraq in 2011, with “grievous” costs. Hillary Clinton… Continue reading Hillary Clinton Responds to Jeb Bush’s Iraq Invasion Comments
Greece Bailout Deal Agreed by Eurogroup
Eurogroup has agreed a third bailout deal for Greece after the Greek parliament backed the plan. European Commission President Jean-Claude Juncker said the deal sent a message “loud and clear” – Greece will stay in the eurozone. The agreement demands tax rises and more tough spending cuts in return for Greece’s third bailout in five… Continue reading Greece Bailout Deal Agreed by Eurogroup
Greece Bailout Deal: Parliament Approves Draft Terms for €85 Billion Bailout
The Greek parliament has approved the draft details a third bailout in five years after talks that lasted through the night and well into the morning. The new deal involves tax rises and spending cuts in return for a bailout of about €85 billion ($95 billion). Greece’s Alexis Tsipras also survived a significant rebellion within… Continue reading Greece Bailout Deal: Parliament Approves Draft Terms for €85 Billion Bailout
Russia Extends Food Embargo in Retaliation for Western Sanctions
Russia has announced it is extending its list of countries subject to a food import ban in retaliation for Western sanctions over the Ukraine crisis. Russian PM Dmitry Medvedev said the ban would now apply to Iceland, Liechtenstein, Albania and Montenegro. Dmitry Medvedev said Ukraine would be added in 2016 if an economic agreement between… Continue reading Russia Extends Food Embargo in Retaliation for Western Sanctions
Greece’s Economy Grew by 0.8% in Q2 2015
Greece’s economy grew by 0.8% in Q2 2015, confounding expectations of a steep contraction. The official figures, based on a flash estimate, also revised a reading of 0.2% negative growth in Q1 to a flat reading, showing no change in economic activity. The reading did not break down which sectors had been most active. The… Continue reading Greece’s Economy Grew by 0.8% in Q2 2015
Jeb Bush Blames Hillary Clinton for ISIS Rise
Jeb Bush has blamed President Barack Obama and former Secretary of State and Democratic presidential hopeful Hillary Clinton for the current unrest in the Middle East and the rise of the Islamic State (ISIS). In a 40-minute speech on August 11 at the Reagan Presidential Library in California, Jeb Bush outlined an argument made by… Continue reading Jeb Bush Blames Hillary Clinton for ISIS Rise
Chinese Yuan in Record Devaluation
China’s Central Bank has cut the yuan’s rate against the US dollar for a second day. The move sent fresh shockwaves through Asian markets, but the People’s Bank of China (PBOC) has sought to calm fears, saying it was not the start of a sustained depreciation. The Chinese yuan fell another 1% on August 12,… Continue reading Chinese Yuan in Record Devaluation
Hillary Clinton Handing Over Private Email Server
Former Secretary of State Hillary Clinton has agreed to hand over to the FBI the private email server that she used on duty. Hillary Clinton’s use of private email has generated a barrage of criticism as she runs for president. Critics say that her set-up was unsecure, contrary to government policy and designed to shield… Continue reading Hillary Clinton Handing Over Private Email Server
Greece Agrees Bailout Deal Terms, Says Finance Minister Euclid Tsakalotos
Greece’s finance minister Euclid Tsakalotos has announced his country has broadly agreed the substance of a bailout deal with its creditors. “Two or three small issues,” are pending with lenders, Reuters quoted Euclid Tsakalotos as saying. A bailout agreement is needed to keep Greece in the eurozone and avert bankruptcy. The Greek government is hoping… Continue reading Greece Agrees Bailout Deal Terms, Says Finance Minister Euclid Tsakalotos
Chinese Yuan Devalued at Three-Year Low
The Chinese yuan has been devalued to its lowest rate against the US dollar in almost three years. China’s central bank said the move was a “one-off depreciation” of 1.9% in a move to make the exchange rate more market-oriented. It comes in the wake of a string of weak economic data from the world’s… Continue reading Chinese Yuan Devalued at Three-Year Low
Donald Trump Defends His Relation with Women After Attacking Megyn Kelly
GOP presidential front-runner Donald Trump has defended his relations with women, calling them “tremendous”, but stopped short of apologizing for attacking Fox News moderator Megyn Kelly. Donald Trump was criticized for seeming to suggest that Megyn Kelly was tough on him in Thursday’s first GOP debate because she was menstruating. In an interview with ABC’s… Continue reading Donald Trump Defends His Relation with Women After Attacking Megyn Kelly
Donald Trump Fires Campaign Adviser Roger Stone
Donald Trump has announced on August 8 that he fired his campaign top adviser Roger Stone. However, Roger Stone insists that he really dumped the GOP presidential font-runner. Roger Stone said his departure was spurred by Donald Trump’s decision to continue trash-talking Fox News anchor Megyn Kelly after Thursday night’s debate. The veteran political consultant… Continue reading Donald Trump Fires Campaign Adviser Roger Stone
Haiti Elections 2015: Tight Security for Long Awaited Parliamentary Elections
Haiti is voting in general elections that have been repeatedly delayed since 2011. Thousands of police have been deployed as voters are choosing two-thirds of the senate and the chamber of deputies. A presidential poll is set for October. President Michel Martelly, who is barred from running again by the constitution, has ruled by decree.… Continue reading Haiti Elections 2015: Tight Security for Long Awaited Parliamentary Elections
Erick Erickson Disinvites Donald Trump from Speaking at RedState Conference
Donald Trump has been disinvited from speaking at an activist conference hosted by conservative commentator Erick Erickson this weekend. Erick Erickson cited disparaging remarks Donald Trump made hours earlier on CNN about Fox News Channel anchor Megyn Kelly. In an interview with The Washington Post on August 7, Erick Erickson said Donald Trump had been… Continue reading Erick Erickson Disinvites Donald Trump from Speaking at RedState Conference
GOP Debate: Donald Trump Slams Fox Moderator Megyn Kelly
Donald Trump has taken to Twitter to slam the three moderators of the GOP’s first debate in Cleveland. The Republican presidential candidate tweeted that Megyn Kelly and the other moderators were “not very good or professional”, and re-tweeted similar viewpoints from other Twitter users. Megyn Kelly had challenged Donald trump about his views on women.… Continue reading GOP Debate: Donald Trump Slams Fox Moderator Megyn Kelly
GOP Debate: Donald Trump Dominates Republican Race
Donald Trump is still leading the Republican race for the White House after causing further controversies in the first debate in Cleveland. His refusal to rule out a third-party run drew boos from the audience on Thursday night. Donald Trump stood by offensive comments he has made in the past about women. The ten candidates… Continue reading GOP Debate: Donald Trump Dominates Republican Race
First GOP Debate: Rick Perry Excluded from Fox News Debate
Former Texas Governor Rick Perry is not among the 10 Republicans running for president who will take part in the first primetime TV debate. Donald Trump, Jeb Bush and Scott Walker will take the stage in Cleveland on August 6 with seven rivals. Fox News selected the 10 most popular Republicans based on five national… Continue reading First GOP Debate: Rick Perry Excluded from Fox News Debate
Puerto Rico Defaults on Debt Payment
Puerto Rico government has confirmed that it failed to make a debt payment at the weekend, in the latest sign of the economic crisis in the US territory. It said it did not have the funds available to pay more than $50 million due on bonds. The ratings agency Moody’s said it viewed the development… Continue reading Puerto Rico Defaults on Debt Payment
White House 2016: Jim Gilmore Launches Presidential Bid
Jim Gilmore has launched his presidential bid for the US presidency. The former Virginia governor joins the 16 other Republicans vying for the White House. Although Jim Gilmore intends to officially announce his campaign in August, he filed the necessary paperwork with the Federal Election Commission on July 29. It is unclear whether Jim Gilmore… Continue reading White House 2016: Jim Gilmore Launches Presidential Bid
Donald Trump Attacks Scott Walker at Iowa Rally
Donald Trump has insulted Wisconsin Governor Scott Walker because one of Walker’s fundraisers called the billionaire real estate mogul “DumbDumb”. At a packed rally at Oskaloosa High School on July 25, Donald Trump said: “Finally, I can attack!” “Wisconsin’s doing terribly. It’s in turmoil. The roads are a disaster because they don’t have any money… Continue reading Donald Trump Attacks Scott Walker at Iowa Rally
New York State to Increase Fast Food Workers’ Minimum Wages to $15
A New York state wage board unanimously recommended the increase of fast food workers’ minimum wages to $15 an hour. New York City workers will be the first to benefit, with the increase due to be in place by the end of 2018. Fast food workers in the rest of New York state will have… Continue reading New York State to Increase Fast Food Workers’ Minimum Wages to $15
Greece Parliament Passes Second Set of Bailout Reforms
Greece’s parliament has passed a second set of reforms, meaning that negotiations on an €86 billion European Union bailout can begin. The reforms include changes to Greek banking and an overhaul of the judiciary system. Thousands of protesters demonstrated outside of parliament as the bill was debated, with protests briefly turning violent as petrol bombs… Continue reading Greece Parliament Passes Second Set of Bailout Reforms
Greece Repays €2.05 Billion Arrears to IMF
Greece has cleared overdue debt repayments of €2.05 billion to the IMF and is no longer in arrears, the creditor has confirmed. The repayments, and another for €4.2 billion to the European Central Bank (ECB) due on Monday, came after the EU made Greece a short-term loan of €7 billion. Greece missed one repayment to… Continue reading Greece Repays €2.05 Billion Arrears to IMF
Greek Banks Reopen After Three Weeks of Closures
Banks in Greece are reopening after three weeks of closures sparked by the deadlock over the country’s debt. Greece reached a cash-for-reforms deal aimed at avoiding a debt default and an exit from the eurozone. However, many restrictions remain, including a block on money transfers abroad, and Greeks also face price rises with an increase… Continue reading Greek Banks Reopen After Three Weeks of Closures