Brazil's new far-right President Jair Bolsonaro declared a crusade against crime, corruption and leftwing ideology as he took office on Tuesday for a four-year term at the helm of Latin America's biggest nation. The 63-year-old former paratrooper and veteran lawmaker received swift congratulations via Twitter from US President Donald Trump, with whom he shares a similar, brash style and outlook. "Congratulations to President @jairbolsonaro who just made a great inauguration speech - the U.S.A. is with you!" Trump wrote. Bolsonaro responded by saying: "I truly appreciate your words of encouragement. Together, under God's protection, we shall bring prosperity and progress to our people!" Read more..
As countries reiterated old promises to control climate change, the youth, led by 16-year-old Swedish climate activist Greta Thunberg, emerged as climate leaders. “I should be back in school on the other side of the ocean. Yet you come to us young people for hope. How dare you?” said Thunberg. Read more...
The United States said on Sunday it is poised to withdraw some 1,000 troops from northern Syria after learning that Turkey planned to extend a military incursion against Kurdish foes further south than originally planned. Another consideration in the decision, US Defense Secretary Mark Esper indicated, was that Washington's Kurdish-led ally, the Syrian Democratic Forces (SDF), were looking to make a deal with Russia to counter the Turkish onslaught. Outlining Turkey's goals, President Tayyip Erdogan said the incursion would stretch from Kobani in the west to Hasaka in the east, going some 30 km (19 miles) into Syrian territory, "in line with the safe zone map which we declared previously". Read more..
Hong Kong authorities are set to formally withdraw an unpopular extradition bill that sparked months of chaotic protests in the semi-autonomous Chinese city. The security chief is due on Wednesday to announce the bill's withdrawal in the city's legislature. Hong Kong leader Carrie Lam had proposed the amendments to resolve a case involving a man wanted for murder in Taiwan who could not be sent to the self-ruled island because there was no extradition agreement in place. Read more..
The US and China have reached a historic agreement on a phase one trade deal, US President Donald Trump announced on Friday, in a big breakthrough in the over 18-month-long bruising trade war between the world's two largest economies that has threatened to roil the global economy. The phase one of the trade deal requires structural reforms and other changes to China's economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange. It also includes a commitment by China that it will make substantial additional purchases of US goods and services in the coming years. Read more...
Sri Lanka's controversial wartime defence secretary Gotabaya Rajapaksa will lead the country after ruling party candidate Sajith Premadasa conceded the hotly contested presidential poll on Sunday, marking the return of the powerful Rajapaksa dynasty known for its pro-China tilt, amidst security challenges following the Easter Sunday terror attacks that killed 269 people. Rajapaksa, 70, defeated Premadasa, 52, by more than 13 lakh votes, according to the official results. Rajapaksa, who will succeed President Maithripala Sirisena for a five-year term, will be sworn in as the seventh executive president of Sri Lanka on Monday at the ancient north central town of Anuradhapura. Read more...
Google co-founders Larry Page and Sergey Brin have announced that they are stepping down from the leadership role of the parent company Alphabet. Google CEO Indian-American Sundar Pichai (47), will be assuming the role of Alphabet CEO, making him one of the most powerful corporate leaders of the world. Considered as a significant shakeup in the Silicon Valley company, an announcement in this regard was made by Page and Brin in a letter to the company employees, which also included a statement from Pichai. Read more...
Saudi Arabia's state oil company Aramco launched its initial stock offering on Thursday, pricing at the high end of the target range and raising $25.6 billion, two sources told AFP. The sum raised by the oil giant surpasses the $25 billion garnered by the Chinese online trading group Alibaba in 2014 when it entered Wall Street. The market debut also puts the Saudi oil behemoth's value at $1.7 trillion, far ahead of other corporate giants in the trillion-dollar club: Apple ($1.2 trillion), Microsoft and Alibaba ($1.1 trillion). Read more...
Minister Boris Johnson won a resounding election victory on Friday that will allow him to end three years of political paralysis and take Britain out of the European Union within weeks. The Brexit divorce represents Britain's biggest political and economic gamble since World War Two, cutting the world's fifth largest economy adrift from the vast trading bloc and testing the integrity of the United Kingdom. For Johnson, who had faced gridlock in parliament and focused his campaign on a vow to "Get Brexit Done", victory was a vindication. Read more...
The US House of Representatives impeached President Donald Trump on charges of abuse of power and obstructing Congress, the culmination of an effort by Democrats that further inflamed partisan tensions in Washington and deepened the nation’s ideological divide. The historic votes on Wednesday evening, which won the support of almost all Democrats in the House chamber but not a single Republican, leave Trump as only the third president in US history to be impeached -- and the only impeached president likely to win his party’s nomination for re-election. The Senate will hold a trial early next year to decide whether the president should be convicted on the charges and removed from office, though the Republicans who have the majority in that chamber will almost certainly acquit him. Read more...
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First Published: Dec 29 2019 | 9:19 PM IST