Amazon workers in Leipzig start 48-hour strike for higher wages
Workers at Amazon's warehouses in Germany's eastern city of Leipzig started a 48-hour strike on Monday to press
2023-06-26 17:57
Binance’s Market Share Is Stuck Near One-Year Low
Binance is reeling under the impact of increased regulatory scrutiny, with the exchange platform’s market share languishing near
2023-06-26 16:29
Pro-reform Mitsotakis wins second term in Greek election that sees surge by small far-right parties
Greece's center-right leader Kyriakos Mitsotakis is to be sworn in as prime minister on Monday, hours after easily winning a second term with a record-high margin over the leftwing opposition in an election that also ushered new far-right parties into Parliament. With 99.67% of the vote counted, Mitsotakis' New Democracy party had 40.55% of the vote — more than twice the main opposition Syriza's 17.84%. It was the largest margin of victory in half a century, and slightly expanded ND's 20-percentage-point lead in previous election five weeks before. Held under a new electoral law that boosts the first party, Sunday's vote gives ND a comfortable majority of 158 seats in the 300-member Parliament, with Syriza getting 48. Center-left PASOK elected 32 lawmakers and the Stalinist-rooted Communist Party 20. The remaining 42 seats will be shared between three far-right parties — including one endorsed by a jailed former leader of the defunct, Nazi-inspired Golden Dawn party — and one representing the far-left. Voter turnout was just under 53%, compared to just over 61% in the May vote. Mitsotakis, 55, campaigned on a platform of securing economic growth and political stability as Greece gradually recovers from a nearly decade-long financial crisis. Greek President Katerina Sakellaropoulou is set to formally hand him the mandate to form a government on Monday, after which he will be sworn in and announce his new Cabinet. His main rival, 48-year-old Alexis Tsipras, served as prime minister from 2015 to 2019 during some of the most turbulent years of Greece’s financial crisis. Despite Syriza's dismal performance, Tsipras has shown no inclination to resign, and there have been no open calls from within his party for him to do so. After Sunday's result, Tsipras said Syriza would move on to focus on next year's European parliamentary elections. Mitsotakis, a Harvard graduate, comes from one of Greece’s most prominent political families. His late father, Constantine Mitsotakis, served as prime minister in the 1990s, his sister served as foreign minister and his nephew is the current mayor of Athens. The younger Mitsotakis has vowed to rebrand Greece as a pro-business and fiscally responsible eurozone member. The strategy, so far, has worked. New Democracy won in all but one of the country's 59 electoral regions, capturing traditional Socialist and leftwing strongholds, some for the first time. Despite scandals that hit the Mitsotakis government late in its term, including revelations of wiretapping targeting senior politicians and journalists and a deadly Feb. 28 train crash that exposed poor safety measures in public transport, voters appeared happy to return to power a prime minister who delivered economic growth and lowered unemployment. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-06-26 15:54
Aston Martin Steps Up EV Push With Lucid Deal: The London Rush
The M&A wave has rippled through to the automotive industry, with luxury carmaker Aston Martin striking an EV
2023-06-26 15:21
Barack Obama: Row in India over former US president's remarks on Muslim rights
Mr Obama said last week that India may "start pulling apart" if minority rights weren't protected.
2023-06-26 14:22
In High-Yield Battle, India May Beat Indonesia as Top Asia Trade
In the battle between Asia’s two highest-yielding major markets, Indian assets look more promising than those of Indonesia.
2023-06-26 13:58
Hipkins Heads to China With Two RNZAF Jets, Fearing Breakdown
New Zealand Prime Minister Chris Hipkins took a two air force jets with him on a trip to
2023-06-26 11:24
Trump tells Michigan Republicans that EVs will ‘decimate’ state’s auto industry
Donald Trump told an audience of MichiganRepublicans that the push for electric vehicles will mean the “decimation” of the state’s traditional auto industry. The former president made the comments as he appeared at the Oakland County Republican Party’s Lincoln Day dinner on Sunday night, his first appearance in the battleground state in the 2024 cycle. “It’s going to be a level that people can’t even imagine,” Mr Trump said during his address inside the Suburban Collection Showplace, in Novi, Michigan. Mr Trump told the crowd that the “maniacal push” for electric vehicles would kill auto jobs in the United States, and mocked the range of the vehicles, saying that they were a win for “tow truck companies.” “If somebody wants an electric car, I’m all for it. But you should be able to have a choice,” Mr Trump told the crowd. The event came the day after he told a crowd of evangelicals on Saturday that the federal government has a “vital role” in the restriction of abortion access while he once again took credit for overturning Roe v Wade. But the former president did not detail his proposal for national abortion restrictions, in contrast to his 2024 rival Mike Pence, who supports outlawing care nationally at 15 weeks of pregnancy. Mr Trump’s remarks to a Faith & Freedom Coalition conference in Washington DC came on the one-year anniversary of the US Supreme Court’s decision to revoke constitutional protections for abortion. Though he has repeatedly taken credit for the ruling, he has avoided questions about whether he would back a national ban if Republican lawmakers managed to pass one through Congress. Read More Trump news – live: Trump makes first 2024 campaign visit to battleground state of Michigan Republicans try to thread the needle on abortion on anniversary of the death of Roe Trump quietly changes political fundraising site to funnel funds toward legal woes Trump celebrates anniversary of anti-abortion ruling as he tells religious crowd ‘I’m getting indicted for you’ Trump is returning to Michigan with hopes of repeating the battleground success he found in 2016
2023-06-26 11:21
Korea Day Traders Ramp Up Treasuries Bets With Punt on Yen
Korea’s retail investors are ramping up their bets on yen-denominated assets — including a US bond fund —
2023-06-26 10:21
China Steps In to Support Yuan After Recent Weakness Offshore
China set its daily reference rate for the yuan at a stronger-than-expected level to slow its slide, as
2023-06-26 09:55
Bond Traders Are Heeding Powell's Pledge to Stay on Volcker Path
Investors are conceding that the Federal Reserve is now intensely focused on fighting inflation and less concerned about
2023-06-26 08:26
Oil Advances After Russian Mutiny Rattles Major OPEC+ Producer
Oil climbed as investors weighed the fallout from a rebellion in Russia that turned into the greatest threat
2023-06-26 07:58