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☆ Explainer-Argentina Presidential Election: Key Takeaways From First-Round Vote
▼ + stars: | 2023-10-23 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

Massa and Milei will go to a run-off vote on Nov. 19 to take the presidency from mid-December, replacing outgoing center-left Peronist President Alberto Fernandez. Massa ended the night with 36.7% of the vote versus Milei on around 30%. Juan Schiaretti, who got a higher-than-expected vote share of nearly 7%, could also play an important king-maker role. Argentina's election race comes at a time of major uncertainty for the South American country facing its worst economic crisis in two decades. Any incoming government will have to resuscitate an economy facing triple-digit inflation, negative net foreign exchange reserves, and a sliding currency.

Persons: Maximilian Heath BUENOS, Sergio Massa, Javier Milei, Massa, Milei, Alberto Fernandez, Conservative Patricia Bullrich, Milei's, Donald Trump, Jair Bolsonaro, Juan Schiaretti, pollsters, Maximilian Heath, David Holmes Organizations: Reuters, Peronist Economy, Milei, Conservative, La Libertad Avanza, U.S, la Patria, Peronist, BE, WHAT'S, South, International Monetary Locations: Maximilian Heath BUENOS AIRES, Argentina, Brazilian, Massa, South American

☆ Modi's government and some of India's elites are battling for control of one of the country's most elite private clubs
▼ + stars: | 2023-10-15 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The Delhi Gymkhana Club is one of the oldest and most elite private clubs in India. AdvertisementAdvertisementMembers of the Delhi Gymkhana — one of the oldest private clubs in India — are trying to wrest back control after India's far-right government seized it in 2022. The club was first established by British colonists in 1913 as a sporting club called the Imperial Delhi Gymkhana, according to its website . Some of the club's members say that the government takeover is part of the BJP's broader agenda to control the country's social institutions. Ajai Shukla, a former army colonel, said the takeover reflects motivations to control "instruments of privilege and hand them out as favors."

Persons: —, Narendra Modi, Bharatiya Janata Party —, Ajai Shukla, Atul Dev, Dev Organizations: Delhi Gymkhana, Service, Imperial Delhi Gymkhana, Salute Magazine, Financial Times, Bharatiya Janata Party, Hindustan Times Locations: Delhi, India, Imperial

☆ Meet the typical Hong Kong millennial: They're supporting their parents, can't afford to buy homes, and have zero interest in moving to mainland China
▼ + stars: | 2023-09-18 | by ( Faye Bradley | ) www.businessinsider.com time to read: +19 min

He earns 1.5 million Hong Kong dollars a year, or $191,000, including the base salary and three months' bonus — well above the average annual salary in Hong Kong. A protester on June 12, 2019 in Hong Kong when crowds gathered in central Hong Kong as the city braced for another mass rally. Anthony Kwan/Getty ImagesThe Hong Kong protests took place between 2019 and 2020, with many students and adults taking to the streets to fight back against the government's decision to introduce an extradition bill between Hong Kong and China. University of Hong Kong was ranked 31st and Chinese University of Hong Kong was 45, on the World University Rankings in 2023. Hong Kong millennials struggle to prioritize well-being, according to a survey run by British health insurance company Bupa.

Persons: Hong Kong's, Ken Ho, Hong Kongers, Ho, Kongers, —, hasn't, Summer Ng, Tau Kok, Ng, Hong, Kong's, Getty, Hong Kong millennials, it's, Aniqah Bhatnagar, Bhatnagar, Wilson Ho, Wilson Ho Wilson, Kai Tak, Anthony Kwan, Xu Huang, Huang, millennials, Gen Zs, Morgan McKinley, Zurine Lau, I'm, Yuen Long, Lau, Nick Shin Nick Shin, Tai Koo, They're Organizations: Service, University College London, Imperial College London, Fidelity Investments, Hong, HK, BBC, Property Management, Hong Kong, Hong Kong Baptist University, Deloitte Global, Statistics Department, University of Hong Kong, University of Hong, World, Family Planning Association, millennials, Hong Kong Free Press, CNN Locations: Hong Kong, Wall, Silicon, Kennedy Town, Kowloon Bay, Kwun Tong, Hong Kong's, United Kingdom, People's Republic of China, British, Asia, Hong, millennials, India, Kowloon, Kai, China, Singapore, Sydney, South America, ymgerman, South Korea, Hong Kong . Hong Kong, University of Hong Kong, New Territories, Tai

☆ Guatemala elections: Troubled vote looms
▼ + stars: | 2023-08-12 | by ( Tara John | ) edition.cnn.com time to read: +6 min

Torres won 16% of the first-round vote in June with Arévalo coming in with 11.8% of the votes cast. “Guatemalans wanted an option on the ballot where they can vote to reject the current political system. Moises Castillo/APThis is the third presidential cycle Torres has competed in, losing in 2019 to current President Alejandro Giammattei. Guatemala currently recognizes Taiwan, and Arévalo has said he would like Guatemala to have relations with both Taipei and Beijing. Congress is set to be largely controlled by establishment parties following this year’s elections, including the outgoing president’s Vamos party and Torres’ UNE.

Persons: CNN —, Sandra Torres, Bernardo Arévalo –, Torres, Arévalo, “ Guatemalans, ” Will Freeman, backsliding, Arevalo, Cristina Chiquin, Reuters Arévalo, Rafael Curruchiche, ” Curruchiche, “, ” Freeman, Bukele, Alvaro Colom, Moises Castillo, Alejandro Giammattei, Juan José Arévalo, Freeman, Thelma Aldana, Aldana, Luis Von Ahn, Torres ’ Organizations: CNN, Council, Foreign Relations, United, Public Ministry, Reuters, Movimiento Semilla, US State Department, US, European, Unidad Nacional de la Esperanza, Getty, Duolingo, Torres ’ UNE Locations: backsliding, Guatemala, America, United Nations, Guatemala City, Spain, European Union, United Kingdom, Canada, El Salvador, Taiwan, Taipei, Beijing

The loss protection agreement (LPA) will become effective with the completion of Credit Suisse takeover, expected as early as June 12, UBS said in a separate statement. The guarantees will kick in if UBS incurs losses from the sale of Credit Suisse assets beyond 5 billion francs that the lender is due to cover itself. The money was made available by the government to ease the emergency takeover of Credit Suisse, whose collapse risked triggering a global financial crisis. "To make the takeover possible, the government granted UBS a guarantee for any losses incurred in the liquidation of Credit Suisse assets," the government said in a statement. The agreement will remain in place until the final realisation of the Credit Suisse assets.

Persons: Denis Balibouse, Noele Illien, John Revill, Tomasz Janowski Organizations: Swiss, UBS, REUTERS, Suisse, Credit Suisse, country's Social, Credit Suisse's, Thomson Locations: Zurich, Switzerland, ZURICH, Swiss

☆ Members of Gen Z were born between 1997 and 2012. Here are 7 events that have defined their lives so far.
▼ + stars: | 2023-05-31 | by ( Elana Klein | ) www.businessinsider.com time to read: +7 min

Here are some of the generation-defining events that have had a profound effect on Gen Z. As Business Insider previously reported, Gen Z was established as a generation in 2019 by the Pew Research Center, which defines generations — such as Gen Z, Millennials, and Baby Boomers — to understand how perspectives and views change, rather than to create strict categories that define people. Here are some cultural events that have shaped the attitudes and tendencies of members of Gen Z. The recession of 2008 showed Gen Z 'the fragility inherent in the system'Members of Gen Z were children, or babies, during the Great Recession, so it hung over their formative years. Instead of looking ahead to a world of opportunities, Gen Z now peers into an uncertain future," the report continued.

Persons: Gen Z, —, Gen, Jean Guerrero, Zers, Aaron Klein, Chelsea Guglielmino, Marjory Stoneman, Donald Trump, Mark Makela, Guerrero, Olivia Julianna, Matt Gaetz, Z, George Floyd The, George Floyd —, Gen Z's, Sara Fischer, Axios Organizations: Service, Pew Research Center, Los Angeles Times, USA, Pew Research, Brookings Institution, Morning, Chelsea, Columbine High School, Washington Post, New York Times, Marjory Stoneman Douglas High School, LA Times, Trump, trolled, Social Locations: New York, —, Washington, lockdowns, Parkland , Florida, Texas, Minneapolis

Guaido in 2019 won the recognition of scores of nations including the United States after the widely disputed election that kept Nicolas Maduro in power. The removal of the interim government "ended up undermining attachments among opposition leadership," said Piero Trepiccione, of Caracas' Gumilla thinktank. The opposition, many of whose leaders are in exile or barred from politics, has not held a primary for a decade. The United States has said it will continue to recognize the opposition assembly. Changing the presidential election to this year instead of next may also serve Maduro, Nicholas Watson of consulting firm Teneo said in a report.

☆ Criticism of Lula's economic plans mounts as Brazil markets tank
▼ + stars: | 2023-01-04 | by ( Gabriel Araujo | ) www.reuters.com time to read: +3 min

Haddad, a former mayor of Sao Paulo, took office vowing to restore public accounts and with the challenge of presenting a credible fiscal framework after Congress passed a giant Lula social spending package. Markets reacted badly to Haddad's first days in office, especially after Lula ordered a budget-busting extension to a fuel tax exemption which Haddad had publicly opposed. "Haddad learned on his first day in office that he will be a decorative figure, a sort of task worker for President Lula," the conservative daily said in an editorial. On Tuesday, markets were further rattled by remarks by Lula's social security and labour ministers. That was compounded when he said Lula's government would need to review the investor-friendly pension reform approved by Bolsonaro's administration.

☆ Malaysia's wait for PM continues for fourth day as post-election crisis drags on
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

[1/5] Election workers prepare a polling station ahead of the polling day of Malaysia's general election at Permatang Pauh, Penang, Malaysia November 18, 2022. Malaysia's king will pick the new premier, after opposition leader Anwar Ibrahim and former premier Muhyiddin Yassin missed his Tuesday afternoon deadline to put together an alliance with other parties to form a government. The constitutional monarch plays a largely ceremonial role but can appoint a premier he believes will command a majority in parliament. Anwar's coalition won the most seats in the Saturday election with 82, while Muhyiddin's bloc won 73. Muhyiddin said he had declined the King's suggestion for the two rivals to work together to form a "unity government".

☆ Malaysian police warn of ethnic tensions on social media after divisive election
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

KUALA LUMPUR, Nov 22 (Reuters) - Malaysian police have cautioned the country's social media users to refrain from posting "provocative" content on race and religion after a divisive general election on Saturday that ended in a hung parliament. The police warning comes as race-based narratives dominated political chatter on social media during and after the election, according to an online hate speech monitoring project run by the Malaysia-based Centre for Independent Journalism. Race and religion are thorny issues in multicultural Malaysia, which has a majority of mostly Muslim ethnic Malays alongside significant ethnic Chinese and ethnic Indian minorities of other faiths. Police said they had detected social media content that touched on racial and religious sentiments and insulted the country's monarchy after the election. Malaysian social media users on Monday reported a slew of posts on short video platform TikTok after the election that mentioned a deadly race riot in Kuala Lumpur on May 13, 1969.

"Let me make a decision soon," the king told reporters outside the national palace. The king had given political parties until 2 p.m. (0600 GMT) on Tuesday to put together alliances needed for a majority. Significant election gains by an Islamist party added to investors' fears, notably over policies on gambling and alcohol consumption. Its electoral gains have also raised fears in multicultural Malaysia, which has significant ethnic Chinese and ethnic Indian minorities following other faiths. Anwar's coalition won the most seats in the Saturday election with 82, while Muhyiddin's bloc won 73.

☆ Lebanon to resume sending refugees back to war-damaged Syria
▼ + stars: | 2022-10-12 | by ( Timour Azhari | ) www.reuters.com time to read: +3 min

Lebanon hosts the highest number of refugees per capita in the world. The plan would not involve the United Nations, which maintains that conditions in Syria do not allow for the large-scale return of refugees. The Lebanon office of the U.N. refugee agency, UNHCR, said it was "not facilitating or promoting the large-scale voluntary repatriation of refugees to Syria." New York-based advocacy group Human Rights Watch (HRW) said in July that "Syria is anything but safe for returnees". In its September report, the United Nations' Syria commission said the country was still not safe for returnees.

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