List of All Articles with Tag 'world'

India’s rupee is set to bounce back from near an all-time low as the central bank slows its

Turkish President Recep Tayyip Erdogan turned away a challenger who sought to reverse his authoritarian-leaning changes, securing five more years to oversee the country at the crossroads of Europe and Asia that plays a key role in NATO. Erdogan prevailed by winning more than 52% of the vote in Sunday's presidential runoff, which came two weeks after he fell short of scoring an outright victory in the first round. A majority of Turkish voters in the second round chose him over challenger Kemal Kilicdaroglu, showing their support for a man who they see as a strong, proven leader. Voters were divided between loyalty to Erdogan, who has ruled for two decades, and hopes for the opposition candidate, who promised to return to democratic norms, adopt more conventional economic policies and improve ties with the West. With his immediate political future secure, Erdogan must now confront skyrocketing inflation that has fueled a cost-of-living crisis and rebuild in the aftermath of a devastating earthquake that killed more than 50,000 people. In two speeches — one in Istanbul and one in Ankara — Erdogan thanked the nation for entrusting him with the presidency again. “We hope to be worthy of your trust, as we have been for 21 years,” he told supporters on a campaign bus outside his home in Istanbul. He said the divisions of the election are over, but he continued to rail against his opponent. “The only winner today is Turkey,” Erdogan said outside the presidential palace in Ankara, promising to work hard for Turkey’s second century, which he called the “Turkish century.” The country marks its centennial this year. Supreme challenges lie ahead, starting with the economy that has taken a beating from what critics view as Erdogan’s unorthodox policies. He also must tend to massive rebuilding efforts in 11 provinces hit by the Feb. 6 earthquake that leveled entire cities. Kilicdaroglu said the election was “the most unjust ever,” with all state resources mobilized for Erdogan. “We will continue to be at the forefront of this struggle until real democracy comes to our country,” he said in Ankara. He thanked the more than 25 million people who voted for him and asked them to “remain upright.” The people have shown their will "to change an authoritarian government despite all the pressures,” Kilicdaroglu said. Supporters of Erdogan, a divisive populist and masterful orator, took to the streets to celebrate, waving Turkish or ruling party flags, honking car horns and chanting his name. Celebratory gunfire was heard in several Istanbul neighborhoods. His next term is certain to include more delicate maneuvering with fellow NATO members over the future of the alliance and the war in Ukraine. Leaders across the world sent their congratulations, highlighting Turkey and Erdogan’s enlarged role in global politics. Western politicians said they are ready to continue working with Erdogan despite years of sometimes tense relations. Most imminently, Turkey holds the cards for Sweden’s hopes to join NATO. The bid aims to strengthen the military alliance against Russia and is central to the continuity of a deal to allow Ukrainian grain shipments and avert a global food crisis. “No one can look down on our nation,” Erdogan said in Istanbul. Steven A. Cook, a senior fellow at the Washington-based Council on Foreign Relations, said Turkey was likely to “move the goal post” on Sweden’s membership in NATO as it seeks demands from the United States. He also said Erdogan, who has spoken about introducing a new constitution, was likely to make an even greater push to lock in changes adopted by his conservative and religious Justice and Development Party, or AKP. In his victory remarks, Erdogan said rebuilding the quake-struck cities would be his priority. He also said a million Syrian refugees would go back to Turkish-controlled “safe zones” in Syria as part of a resettlement project being run with Qatar. Erdogan has retained the backing of conservative voters who remain devoted to him for lifting Islam’s profile in Turkey, which was founded on secular principles, and raising the country’s influence in international politics. Erdogan’s rival was a soft-mannered former civil servant who has led the pro-secular Republican People’s Party, or CHP, since 2010. The opposition took months to unite behind Kilicdaroglu. He and his party have not won any elections in which Erdogan ran. In a frantic outreach effort to nationalist voters in the runoff, Kilicdaroglu vowed to send back refugees and ruled out peace negotiations with Kurdish militants if he was elected. Erdogan and pro-government media portrayed Kilicdaroglu, who received the backing of the country’s pro-Kurdish party, as colluding with “terrorists” and supporting what they described as “deviant” LGBTQ rights. In his victory speech, Erdogan repeated those themes, saying LGBTQ people cannot “infiltrate” his ruling party or its nationalist allies. In Ankara, Erdogan voter Hacer Yalcin said Turkey’s future was bright. “Of course Erdogan is the winner ... Who else? He has made everything for us," Yalcin said. “God blesses us!” Erdogan, a 69-year-old Muslim, is set to remain in power until 2028. He transformed the presidency from a largely ceremonial role to a powerful office through a narrowly won 2017 referendum that scrapped Turkey’s parliamentary system of governance. He was the first directly elected president in 2014 and won the 2018 election that ushered in the executive presidency. The first half of Erdogan’s tenure included reforms allowing the country to begin talks to join the European Union, as well as economic growth that lifted many out of poverty. But he later moved to suppress freedoms and the media and concentrated more power in his own hands, especially after a failed coup attempt that Turkey says was orchestrated by the U.S.-based Islamic cleric Fethullah Gulen. The cleric denies involvement. In the Kurdish-majority city of Diyarbakir, 37-year-old metalworker Ahmet Koyun said: “It is sad on behalf of our people that a government with such corruption, such stains, has come into power again. Mr. Kemal would have been great for our country, at least for a change of scene." But he said everyone must accept the results. ___ Bilginsoy reported from Istanbul. Bela Szandelszky in Ankara, Turkey; Mucahit Ceylan in Diyarbakir, Turkey; and Cinar Kiper in Bodrum, Turkey, contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Analysis: Only Erdogan knows his plans for Turkey’s future. That is the problem AP News Digest 8:40 a.m. Erdogan declared winner of Turkey presidential run-off – extending his 20-year rule

The trade ministers of China and Japan exchanged protests over chip export controls and the detention of Japanese

A gauge of Chinese shares traded in Hong Kong inched closer to bear-market territory as a wobbling economic

PwC Australia is putting nine senior partners on leave and appointing independent directors to its board as the

A British couple claimed they found a makeshift shrine to missing Madeleine McCann at the Portuguese reservoir searched by police last week. The couple, named only as Ralf and Ann, told the Mail on Sunday they found the “strange” shrine seven months after the toddler vanished 16 years ago. The couple said they reported the shrine to Portuguese police but never heard back. The shrine consisted of a row of stones pointing to a picnic site which was dug up by police last week, a bouquet of white lilies and a photograph of the missing toddler. The retired couple, who regularly visit their holiday home near the Algarve reservoir, later reported the shrine to police after suspect Christian Brueckner was identified by German police in 2020, and gave a formal statement. Ralf, 66, described the shrine as “very strange”. Ann, 67, said: “Thinking about it now gives me goosebumps because when we saw where the police were searching the past few days you could see that’s where the row of stones was pointing to.” Officers concluded their search of the Algarve reservoir on Thursday. Read More British couple ‘found Madeleine McCann shrine’ at Portugal reservoir searched by police Madeleine McCann case: Timeline of the missing child’s disappearance How much has the Madeleine McCann investigation cost? Who is Christian Brueckner? Madeleine McCann suspect and the accusations against him

Taiwan is considering keeping nuclear power plants on standby in case of emergencies, signaling a loosening of policy

Vietnam’s exports contracted for a fourth month so far this year, adding to risks of a growth slowdown

Japan called for North Korea to refrain from a planned rocket launch it described as a “serious provocation”

Thailand must bolster its revenue collection in the long term to meet growing public spending needs stemming from

President Joe Biden said he and House Speaker Kevin McCarthy reached a final agreement to avert a historic

Weeks of sniping back-and-forth between the White House and the Republican majority in the House of Representatives has finally yielded a deal: America will not default on its debt obligations, should Congress act and pass the legislation before Thursday. On Saturday, House Speaker Kevin McCarthy and Joe Biden announced the end of negotiations and the agreement upon a deal late into the evening, with the text of the legislation itself soon to follow. The new compromise both touches on Republican priorities while also safeguarding Joe Biden’s legislative accomplishments. But it comes after weeks of bitter fighting. Republicans accused the White House and congressional Democrats of out-of-control spending, ignoring their rivals’s derisive reminders about the debt incurred by a GOP-led tax cut passed in 2017 that largely benefited wealthier Americans. Democrats, meanwhile, blamed Republicans for holding the country’s credit rating and ability to pay its loans hostage, and for seeking cuts to social welfare programs like food assistance for needy families. As we inch closer to Thursday’s deadline, let’s take a look at what leaders in Washington have come up with to break the deadlock. No more debt drama (for now) The first and most significant achievement of this deal: it raises the debt ceiling through the end of 2024. That guarantees the GOP won’t be able to wage a fight over the issue again, particularly as the presidential campaign season heats up later this year and into the next. Any debt ceiling battle during campaign season, particularly in the summer or fall of 2024, would take Joe Biden off the campaign trail and put his focus firmly on Washington at a time when either of his likely general election opponents, Donald Trump and Ron DeSantis, would be free to continue their politicking. In total, the deal calls for raising America’s debt limit by $4 trillion. Signing away that leverage for the next year is already proving to be one of the toughest pills for congressional conservatives in both the House and Senate to swallow, especially given the lack of other major concessions in the pending legislation. Spending caps The GOP’s big win in the negotiating process, this legislation is set to freeze federal spending at the current level, with the exception of military funding, through 2024. And growth of that spending will be capped at 1 per cent if Congress cannot agree upon a stopgap spending deal in January of 2025. This is a significant restriction for the federal government over the next year, and notably puts in place much stricter spending limits than members of Congress agreed to during the last debt limit fight in 2019. The language allowing for defence spending to increase while domestic programmes face a spending freeze is already irking progressives, who have long argued that the US military’s bloated budget should be at the top of the list for reforms. Caps set by this compromise are simultaneously the biggest victory for Republicans as well as their failure; while the spending caps are certainly more than what Democrats were demanding, they also eliminate the possibility of Republicans using the debt ceiling to make real cuts to programmes already implemented by the Biden administration as part of the Inflation Reduction Act and other legislation. That means that Mr Biden’s 2021-2022 legislative agenda will remain largely intact, despite demands by conservatives to roll back huge parts of it, like efforts to forgive student loans or expand green energy production. Work requirements for food stamps One of the GOP’s efforts to stem the tide of federal spending is centred around the issue of providing food assistance to low-income families. The new legislation is set to expand work requirements for the SNAP programme from the current age cap of 49 to a new cap of 54, meaning that Americans within that age bracket will have to prove employment to receive benefits. The issue may seem oddly specific for Republicans to hold up America’s ability to pay its debts upon, but tightening the restrictions fo federal assistance has long been a target of the GOP, and originally the party wanted to expand those work requirements to Medicaid as well. The new work requirements will sunset in 2030, unless extended before then by a GOP Congress. IRS funding halted The other specific ask that Republicans managed to secure in their compromise with the White House was a halt, at least in part, to a plan to fund new hiring initiatives at the Internal Revenue Service (IRS), America’s tax collection agency. The beleaguered agency was set to receive more funding for agents that the federal government said were to assist taxpayers with filing issues and shore up the IRS’s capabilities; Republicans painted the issue instead as an effort to hire an army of IRS auditors to go after taxpayers for suspected fraud, a non-starter for the party that has long sought, particularly among its conservative wing, to diminish the power and capabilities of both the IRS and other federal agencies. But some conservatives are already complaining that the cuts aren’t enough. Congressman Chip Roy exclaimed angrily after the deal was announced that “98%” of the funding for the expansion of the IRS’s services would still go through. Covid aid The deal has one more minor win for Republicans — a provision to return Covid aid funding that has yet to be appropriated. Millions of dollars in this aid still remains unspent by the federal government, though Democrats have used it thus far to fund a number of federal health programmes which they warn could face cuts if the aid is rolled back entirely. Read More Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right President attends 2nd grandchild's graduation as daughter of Biden's late son leaves high school Democrats look set to back debt limit deal – while right-wing threatens to blow it up AP News Digest 8:40 a.m. Debt-ceiling deal: What's in and what's out of the agreement to avert US default Asylum-seekers say joy over end of Title 42 turns to anguish induced by new US rules