List of All Articles with Tag 'world'

Greece’s stocks and government bonds gained at the open as Prime Minister Kyriakos Mitsotakis secured surprisingly strong support

China is likely to see its Covid-19 wave peaking at about 65 million infections a week toward the

German companies aren’t seeing any evidence of an pickup taking hold in Europe’s biggest economy, according to a

Greek prime minister Kyriakos Mitsotakis hailed his party’s victory in the parliamentary elections as a “political earthquake” after the conservatives secured a smashing win but fell short of forming a majority. With most votes counted after the election on Sunday, the ruling New Democracy party has secured a commanding lead with 40.8 per cent of the votes, while the previous governing party, Syriza, trailed far behind with 20.1 per cent for the 300-seat Hellenic Parliament. However, Mr Mitsokais’s party fell just short of the majority required to form a government on its own, as the fate of the new government still hangs in limbo. According to projections by Greece's interior ministry, New Democracy is expected to win 145 seats in parliament, which is six seats shy of an absolute majority. Starting from Monday, Greek president Katerina Sakellaropoulou will give the top three parties - New Democracy, Syriza, and the Socialist PASOK – three days each to attempt to form a coalition government. If all three parties fail, Ms Sakellaropoulou will appoint a caretaker government to prepare for new elections to be held approximately a month later. Without Mr Mitsotakis, the numbers for potential coalitions do not add up, as Syriza has 72 seats, PASOK has 41 seats, the Communist KKE party has 26 seats, and the right-wing Hellenic Solution party has 16 seats. The KKE party has already stated that it will not participate in any alliance, while the Hellenic Solution party has been critical of both New Democracy and Syriza. Mr Mitsotakis, who served as prime minister and leader of the New Democracy leader, had expressed his desire for a strong one-party government, but he believes that the election results provide a clear mandate. Addressing supporters outside party headquarters in Athens, Mr Mitsotakis called his party’s victory a “political earthquake”. "The ballot results are decisive. They show that New Democracy has the approval of the people to rule, strong and autonomous." This victory for Mr Mitsotakis is quite significant, as his administration faced numerous challenges, including a wiretapping scandal, the Covid-19 pandemic, a cost of living crisis, and a fatal rail crash that sparked public outrage. However, it comes as a significant setback for Syriza and its leader Alexis Tsipras, who rose to power in 2015 on the wave of public dissatisfaction with other parties' handling of the debt crisis that severely impacted Greece's economy for over a decade. The MeRA25 movement, led by former Syriza finance minister Yanis Varoufakis, failed to secure any seats in parliament. Mr Tsipras, who congratulated Mr Mitsotakis on his win, noted that the race is not over and talked about the possibility of a second election. “Battles have wins, and losses,” he said. “The electoral cycle has not ended yet ... it is very possible there will be a second election.” Greece faced the threat of a eurozone exit during the height of its debt crisis in 2015, leading to the country accepting a third bailout under Mr Tsipras' leadership. Mr Mitsotakis, elected in 2019, focused his campaign on improving the financial conditions of the Greek people, promising to raise wages and pensions that were cut during the crisis. Panos Koliastasis, an adjunct assistant professor of politics at the University of Peloponnese, attributed Mitsotakis' victory to his emphasis on addressing financial concerns and his clear proposal for an autonomous government. “He also had a clear proposal of (how) he will be in power - that of an autonomous government,” he said. “The alternative of Syriza, of a coalition government, wasn’t that realistic because others refused to cooperate.” The elections in Greece are held every four years to determine the composition of the 300-seat parliament. Additional reporting by agencies Read More Focus on coalition horse-trading as Greek election looks unlikely to deliver a strong winner Out of bailout spotlight, Greeks feeling recovery pains at election Daughters’ desperate plea after British grandmother vanishes on Greek island Polls open in Greece's first election since international bailout spending controls ended Focus on coalition horse-trading as Greek election looks unlikely to deliver a strong winner Out of bailout spotlight, Greeks feeling recovery pains at election

NatWest Group Plc has agreed to buy back £1.26 billion ($1.6 billion) of its shares from the UK

India withdrawing its highest value currency notes from circulation may push some consumers to buy precious metals and

Goldman Sachs Group Inc. expects more gloom for the Chinese currency despite efforts from policymakers to shore up

A top attorney to former President Donald Trump is leaving his legal defence effort, and blaming Mr Trump’s top aide Boris Epshteyn for supposedly being dishonest and unforthcoming in his work to assist the ex-president’s lawyers with his defence against an investigation into whether he retained classified documents illegally. His exit comes as the National Archives announced it found a trove of records proving that Donald Trump and his advisors knew they were breaking rules by taking those classified documents to Mar-a-Lago, according to a report. The agency sent a letter, obtained by CNN, to Mr Trump this week revealing it had found 16 records showing he and his top advisers were aware of the correct declassification process when he was president. “The 16 records in question all reflect communications involving close presidential advisers, some of them directed to you personally, concerning whether, why, and how you should declassify certain classified records,” wrote archivist Debra Steidel Wall. These records will be turned over to Special Counsel Jack Smith as part of the criminal investigation into Mr Trump’s handling of classified documents. Read More Lawyer who quit Trump legal team cites disagreements with Trump adviser as basis for departure DeSantis super PAC tackles tricky task of organizing support for him in Iowa without the candidate Biden gets low ratings on economy, guns, immigration in AP-NORC Poll

Chinese banks kept their benchmark lending rates unchanged Monday, although calls are growing for more central bank easing

India’s shorter bonds rallied and money market rates eased on bets that a withdrawal of the nation’s highest

A week after Thailand’s pro-democracy parties garnered an historic win in national elections, investors are getting nervous over

Singapore’s Prime Minister Lee Hsien Loong has tested positive for Covid-19, he said in a Facebook post. “I