DIRS.INFO The most relevant business & tech news

☆ The Public Face of China's Military Under Corruption Probe
▼ + stars: | 2023-09-15 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +5 min

But part of Xi's drive to improve his fighting force has been to stamp out corruption that has long plagued China's military and other state institutions. A leader China's space and cyber warfare development and then head of military procurement, Li, 65, was elevated to defence minister in March. He also has a more public role than others on the Central Military Commission, China's top defence body, commanded by Xi. Li's term at the Central Military Commission highlighted his ties to Xi, who has strengthened his grip across the military. A bigger question is what priority Beijing will continue to place on China's military diplomacy amid ongoing regional tensions.

Persons: Greg Torode, Laurie Chen BEIJING, Li Shangfu, Li, Xi, Nancy Pelosi, Lloyd Austin, James Char, Russian Su, Zhang Youxia, Zhang, Laurie Chen, John Geddie, William Mallard Organizations: Reuters, Central Military Commission, West, People's Liberation Army, PLA, Rajaratnam, of International Studies, Strategic Support Force, Equipment Development Department of, Communist Party Congress Locations: United States, Taiwan, Beijing, Russia, Washington, U.S, Singapore, China, Belarus, Ukraine, Russian, Hong Kong

Gonzalez, a protege of former President Rafael Correa who has promised to revive his social programs, won 33% support, while Noboa, son of prominent banana businessman and former presidential candidate Alvaro Noboa, was a surprise second-place with 24% of the vote. The contest was darkened by the assassination of anti-corruption candidate Fernando Villavicencio earlier this month. The crime is still under investigation, but Villavicencio, who was replaced as a candidate by his friend and fellow investigative journalist Christian Zurita, came third with 16%. Noboa seemingly gained support after performing well in the only televised debate of the campaign. Reporting by Alexandra Valencia and Julia Symmes Cobb; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Luisa Gonzalez, Daniel Noboa, Ecuador's, Gonzalez, Rafael Correa, Noboa, Alvaro Noboa, Fernando Villavicencio, Villavicencio, Christian Zurita, Sharp, Correa, Guillermo Lasso, Alfredo Espinosa, Espinosa, " Espinosa, Villavicencio's, Alexandra Valencia, Julia Symmes Cobb, Simon Cameron, Moore Organizations: Amazon, Thomson Locations: QUITO, Quito, Choco

☆ Pan Gongsheng: China's new central bank governor faces daunting tasks
▼ + stars: | 2023-07-26 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China has a new central bank governor. He replaced Yi Gang, who took office in March 2018, when China’s longest-serving central banker Zhou Xiaochuan stepped down after a 15-year tenure. He was previously a deputy governor of the PBOC and has served as head of China’s foreign exchange regulator since 2016, managing currency reserves worth $3.18 trillion. In China’s political system, the Communist Party boss is usually the top official in the relevant organization, be it a level of government or a public institution. In March, Beijing created a powerful financial watchdog run by the Communist Party, named the Central Financial Commission, as part of a broad reform of governing bodies to strengthen the party’s oversight of economic affairs.

Persons: Pan Gongsheng, Yi Gang, Zhou Xiaochuan, Xi Jinping, Xi, ”, Ken Cheung, Zhou Organizations: Hong Kong CNN, People’s Bank of China, Communist Party, Renmin University of China, Cambridge University, Harvard University, Xinhua, Mizuho Bank, Central Financial Commission, Financial Regulatory Locations: Hong Kong, China, Beijing

☆ Why are far-right parties on the march across Europe?
▼ + stars: | 2023-07-22 | by ( Christian Edwards | ) edition.cnn.com time to read: +14 min

Far-right parties are propping up coalitions in Finland and Sweden. Afraid of losing voters to UKIP (and other far-right parties), the governing Conservatives ended up adopting many of its positions. Chesnot/Getty Images Europe/Getty ImagesConversely, far-right parties have attempted to sanitize some of their rhetoric, hoping to appear a more credible electoral prospect. Leon Neal/Getty ImagesA different type of populismAnd so the recent successes of far-right parties cannot be explained by dramatic shifts in public opinion. A lot depends on the ability of mainstream parties – particularly on the left – to build tents big enough to accommodate their differences, rather than compromising with far-right parties to prop up their coalitions.

Persons: Donald Trump, –, Emmanuel Macron, Angela Merkel’s, Mario Draghi, Jaroslaw Kaczynski, Viktor Orban, Andrej Babis, Czech Michael Bloomberg, Czech Donald Trump, Meloni, Mussolini, Nigel Farage, Jack Taylor, Farage, Jean, Marie Le Pen, Marine, Lionel Jospin, Jacques Chirac, Petteri Orpo, Sanna Marin, Vilhelm Junnila, Ulif Kristersson, Mark Rutte’s, Pen, Chesnot, Philippe Marlier, ” Le, Matteo Salvini, Vladimir Putin, Tino Chrupalla, Alice Weidel, Thomas Lohnes, Omer Messinger, Larry Bartels, Boris Johnson, Leon Neal, Giorgia Meloni, Odd Andersen, Orban, Kaczynski, Rutte’s, Pedro Sanchez Organizations: CNN, White, Channel, European Central Bank, Italy’s, Vox, UK Independence Party, UKIP, European Union, EU, Conservatives, National, Socialist, Socialists, Finns Party, Swedish, Sweden Democrats, Rassemblement National, University College London, Lega, Ukraine, Russia, Former British, Italy's, NATO, Getty, Spain’s Locations: United Kingdom, United States, Europe, Brussels, Spain, Poland, Hungary, Germany, Czech, France, Finland, Sweden, Austria, European, Netherlands, Russian, Oxfordshire, Vilnius

☆ Sao Paulo governor turns heads on Brazil's right after Bolsonaro election ban
▼ + stars: | 2023-07-20 | by ( Ricardo Brito | ) www.reuters.com time to read: +5 min

Although the governor and his closest advisers insist he is focused on serving Sao Paulo state, many of Brazil's seasoned conservative power brokers are already calling the pro-business moderate a natural candidate for the presidency in three years. It also helped shore up three-quarters support among Sao Paulo lawmakers for the reform as it cleared one chamber of Congress. He is pushing to privatize the port of Santos on the Sao Paulo coast, a bid blocked for now by the federal government. And he has vowed to revive efforts to privatize state water utility Sabesp (SBSP3.SA), while Lula has decried recent privatizations under Bolsonaro. "He has to finish his mission in Sao Paulo with a second term," said one close aide, asking not to be named as he was not authorized to speak about the governor's plans.

Persons: Tarcisio de Freitas, Jair Bolsonaro, Freitas, Bolsonaro, Luiz Inacio Lula da Silva's, Marcos Pereira, of God, Arthur Lira, Ciro Nogueira, Bolsonaro's, Antonio Queiroz, Dilma Rousseff, Lula, Queiroz, Ricardo Brito, Anthony Boadle, Brad Haynes, Paul Simao Organizations: Paulo, Republicans, Universal Church of, Liberal Party, ARMY, Workers Party, Sao, Thomson Locations: BRASILIA, Sao Paulo, of, Brazilian, Santos

☆ British Prime Minister Rishi Sunak braced for defeats in key elections
▼ + stars: | 2023-07-20 | by ( Andrew Macaskill | ) www.reuters.com time to read: +3 min

Sunak, a former finance minister and investment banker, has cultivated an image as a technocrat who can solve complex policy challenges. About two-thirds of voters currently have an unfavourable view of Sunak, the poll found. The betting odds suggest the Conservatives will lose all three elections, even though the party won large majorities in two of them in 2019. In Somerton and Frome in southwest England, the opposition Liberal Democrats are hoping to overturn a Conservative majority of 19,213. Asked if the prime minister was confident of winning the three seats, a spokeswoman for Sunak said by-elections were historically difficult for governments, and the contest that the Conservatives were most focused on was the general election.

Persons: Rishi Sunak, Boris Johnson, Sunak, Andrew MacAskill, Elizabeth Piper, Alex Richardson Organizations: Labour, Labour Party, Conservatives, Liberal Democrats, Conservative, Thomson Locations: Downing, Selby, Ainsty, England, Somerton, Frome, Uxbridge, South Ruislip, London

HONG KONG, July 18 (Reuters) - China plans to appoint the CEO of state-owned telecoms giant China Unicom (0762.HK), (600050.SS), Liu Liehong, as the head of its new national data bureau, four sources said, putting him in charge of efforts to make the country a digital superpower. China announced plans for the data bureau in March as part of a sweeping government reshuffle. Its formation is part of efforts to achieve President Xi Jinping's vision of a "digital China", where data is managed alongside labour and capital as a key economic driver. China's internet regulator, the Cyberspace Administration of China (CAC), will also transfer some staff to the data bureau, said one source. "Whether Mr. Liu Liehong will take up any role in the National Data Bureau shall be subject to the decision of the PRC government," it added.

Persons: Liu Liehong, Liu, Xi, China Unicom, Julie Zhu, Kevin Huang, Jane Xu, Brenda Goh, Sam Holmes Organizations: HK, National Data Bureau, Reuters, China, Tech Development Department, Cyberspace Administration of China, CAC, Information Office, National, Bureau, China Electronics Technology Group Corporation, Ministry of Industry, Information Technology, Communist Party, Committee, Thomson Locations: HONG KONG, China, Hong Kong, Chengdu, Sichuan province

☆ Macron decides to keep French PM in role despite pension unrest, riots
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

Months of unrest and strikes over Macron's pension reform in the spring as well as five days of riots and looting in French cities earlier this month had fuelled calls among political opponents and some government insiders for a reshuffle. "To ensure stability and in-depth work, the President has decided to maintain the Prime Minister," Macron's office said. But Macron said last week he needed more time to draft policy in response to the riots, which he said required more than "knee-jerk" reactions. A source close to Macron told Reuters changing prime minister now made no sense, since Macron's minority government had not managed to strike a deal with potential right-wing conservative allies in parliament. Macron was keeping the option of offering the conservative Les Republicains the prime minister seat as a prize for a formal coalition, the source added.

Persons: Emmanuel Macron, Elisabeth Borne, Borne, Macron, Les, Liu Zhifan, Dominique Vidalon, Michel Rose, Sandra Maler, Alistair Bell Organizations: Reuters, Thomson Locations: Borne

☆ U.S. calls Pan Gongsheng China's c.bank 'head', suggesting unannounced promotion
▼ + stars: | 2023-07-09 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

Treasury Secretary Janet Yellen referred to PBOC Deputy Governor Pan Gongsheng, whom she meet during a series of meetings with top Chinese officials, as the head of the central bank during a press conference ending her visit to Beijing on Sunday. The Treasury Department was already referring to Pan as central bank head after Yellen met him on Friday. Pan, 60, has been deputy governor since 2012 and is China's top foreign exchange regulator. Governor Yi has been widely expected to retire since being left off the ruling Communist Party's Central Committee during the party's once-in-five-years congress in October. Reporting by Andrea Shalal in Beijing; Additional reporting by Reuters Beijing newsroom; Writing by John Geddie; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Pan Gongsheng, Yi, Yellen, Premier Li Qiang, Pan, Andrea Shalal, John Geddie, William Mallard Organizations: United, People's Bank of China, Sunday, Communist Party, Pan, Treasury, Premier, Information Office, Cambridge, Harvard, Communist Party's, Reuters, Thomson Locations: BEIJING, United States, Chinese, Beijing, China's, China, Reuters Beijing

☆ China's choice of PBOC party chief signals financial stability worries
▼ + stars: | 2023-07-04 | by ( Kevin Yao | ) www.reuters.com time to read: +5 min

The central bank did not immediately respond to Reuters' request for comment. Pan, central bank deputy governor since 2012 who turns 60 this month, is not expected to deviate from China's measured pace of policy easing to support the recovery, analysts said. "His professional ability will help safeguard the bottom line of systemic financial risks, especially as the property sector is slowing, and fend off a big systemic crisis." In an unexpected move, the ruling Communist Party appointed Pan as the central bank's party secretary on Saturday, taking over from Guo Shuqing. China has taken a series of steps this year to tighten party control over the country's vast, but largely closed, financial system, including plans to set up the Central Financial Commission to oversee the PBOC and other financial regulators.

Persons: Gongsheng, Jason Lee, Pan, Yi Gang, Gu Tianyong, Guo Shuqing, Yi, Yi's, Zhou Xiaochuan, Zhou, Xu Hongcai, Marius Zaharia, Jacqueline Wong Organizations: People's Bank of China, National People's Congress, REUTERS, outflows, Reuters, cryptocurrencies, prudential, Central University of Finance, Economics, Communist Party, Pan, Street, Cambridge University, Harvard University, Central Financial Commission, China Association of Policy, Thomson Locations: Beijing, China, BEIJING

Pan Gongsheng was appointed Saturday as the new Communist Party chief at the People’s Bank of China (PBOC), in a surprise move as Beijing bolsters its drive to arrest the country’s economic slowdown and stem a slide in its currency. Pan currently serves as the deputy governor of the PBOC. “My initial reaction is this suggests Xi [Jinping] is more concerned about China’s economy than before the 20th Party Congress,” Thomas said. Since then, he has spent nearly two decades working at large state-owned banks, including the Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC). After returning to China, he was promoted to deputy governor at the PBOC in 2012.

Persons: Yi Gang, Pan Gongsheng, Janet Yellen, Pan, Yi, didn’t, Guo Shuqing, Neil Thomas, wasn’t, ” Thomas, Xi, Mao, Thomas, China’s, Biden, ” Organizations: Beijing CNN, Cambridge University, Harvard University, Communist Party, People’s Bank of China, Securities Times, CNN, Ant, Asia Society, Center for, Communist Party’s, Committee, 20th Party Congress, Wall Street Journal, Treasury Department, Renmin University of China, Industrial, Commercial Bank of China, Agricultural Bank of China, ABC, Harvard University’s Kennedy School of Government, State Administration of Foreign Exchange, Beijing, P Global, PMI Locations: Hong Kong, Beijing, China, Shanghai, Center for China, United States, West

☆ Russian PM urges citizens to rally behind Putin after aborted mutiny
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, June 26 (Reuters) - Russian Prime Minister Mikhail Mishustin said on Monday that the country had faced "a challenge to its stability" and must remain united behind President Vladimir Putin following Saturday's abortive mutiny by heavily armed mercenary fighters. "The main thing in these conditions is to ensure the sovereignty and independence of our country, the security and well-being of citizens," said Mishustin, a technocrat who was appointed prime minister in 2020. Mishustin, a former head of Russia's federal tax service, also took a swipe at the West. "As the president noted, virtually the entire military, economic, information machine of the West is directed against us," he said. Putin said on Saturday that the rebellion by the Wagner mercenary force had threatened Russia's very existence under threat and vowed to crush it.

Persons: Mikhail Mishustin, Vladimir Putin, Yevgeny Prigozhin, Mishustin, Putin, Wagner, Alexander Lukashenko, Gareth Jones, Kevin Liffey Organizations: Russian, Kremlin, Wagner Group, Belarusian, Thomson Locations: MOSCOW, Belarus, Russian, Russia

☆ Guatemala will vote for new president but critics say many anti-corruption candidates were weeded out
▼ + stars: | 2023-06-24 | by ( Tara John | ) edition.cnn.com time to read: +9 min

One of the expelled candidates, the rightwing Roberto Arzú, was a vocal critic of President Alejandro Giammattei. Employees of the Supreme Electoral Tribunal (TSE) arrange ahead of the general elections in Guatemala City on June 20, 2023. Johan Ordonez/AFP/Getty ImagesIt’s not the first time that Guatemala’s electoral tribunal eliminates presidential hopefuls, but this year’s cycle is happening in rapidly shrinking civic space. Failing battle against corruptionRights groups say graft and impunity accelerated in the country after former President Jimmy Morales dissolved a United Nations-backed anti-corruption commission in 2019. The candidatesThe US and Western allies have raised concerns about the exclusion of presidential candidates in Guatemala.

Persons: CNN —, Sandra Torres, Thelma Cabrera, Carlos Pineda –, ” Will Freeman, Roberto Arzú, Alejandro Giammattei, Cabrera, Pineda, Tik Tok, ”, Johan Ordonez, we’ve, Caren, Jimmy Morales, Consuelo Porras Argueta, Antony Blinken, José Rubén Zamora, Moises Castillo, Porras, –, Kevin López, Giammattei, Freeman, Biden, “, ” Freeman, Western Hemisphere Affairs Brian Nichols, Guatemalans, Maria Consuelo Porras, Mulet, Carin, Edmont, Ríos, Torres, Rios, El, Nayib Bukele, Álvaro Colom, Colom, Efraín Ríos Montt, CICIG Organizations: CNN, Council, Foreign Relations, Twitter, “ Corruption, Constitutional, ” CNN, Getty, Americas Society, United, International Commission, Washington Office, Guatemala Human Rights, USA, Prosecutors, US, State, José Rubén Zamora –, . Press, Patrol, Western Hemisphere Affairs, Public Ministry, United Nations, Agence, France Presse, Analysts Locations: Central America’s, Guatemala, America, Guatemala City, Americas, United Nations, Guatemalan, Central America, American, Washington, United States, Haiti, Nicaragua, France

☆ Silvio Berlusconi, a Showman Who Upended Italian Politics and Culture, Dies at 86
▼ + stars: | 2023-06-12 | by ( Jason Horowitz | Rachel Donadio | ) www.nytimes.com time to read: +2 min

He and his party, which built Italy’s center-right coalition when he entered politics in 1994, had become increasingly irrelevant. In 2018, the conservative leadership moved to Matteo Salvini, the hard-right leader of the nationalist League party (formerly the Northern League party). By 2020, the once marginal post-Fascist party Brothers of Italy had outperformed Mr. Berlusconi’s once powerful Forza Italia. But Mr. Berlusconi still dreamed big. In the most right-wing government since Mussolini, Mr. Berlusconi argued that he would keep a toe in the center.

Persons: Matteo Salvini, Berlusconi’s, ” Mr, Berlusconi, ”, Mario Draghi, “, ’ ” Cristian Romaniello, Mr, Draghi, Meloni, Mussolini Organizations: nationalist League party, Northern League, Brothers, Forza Italia, Salvini’s League, “ Fascists, Star, European Central Bank, Five Star Locations: Italy

☆ Slovak's caretaker PM quits after political wrangling
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +1 min

May 7 (Reuters) - Slovakia's Prime Minister Eduard Heger said on Sunday he had asked the president to relieve him of his duties, after ministers' resignations weakened his cabinet that is serving in a caretaker capacity before elections in September. Heger is due to meet President Zuzana Caputova, who has the power to appoint a new caretaker prime minister, later on Sunday. Heger has faced calls from the opposition to make way for a technocrat administration to lead the central European country until early elections to take place in September. In common with other European states, Slovakia has provided households and companies with payments to mitigate the impact of high energy costs and wider inflation. Reporting by Jason Hovet in Prague Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.

☆ Slovak caretaker PM quits months before early elections
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +2 min

Heger is due to meet President Zuzana Caputova, who has the power to appoint a new caretaker prime minister, later on Sunday. Heger has faced opposition calls to make way for a technocrat administration to lead the central European country until early elections to take place in September. Polls find the public favours the biggest opposition party, which is led by former prime minister Robert Fico and has opposed increasing military aid to neighbouring Ukraine. Heger lost a no-confidence vote in December last year and in January he agreed to early elections as the best solution, leaving him in a caretaker role. It was not certain whether Caputova would name a new prime minister on Sunday.

☆ Slovak foreign minister quits in fresh blow to ailing cabinet
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

May 5 (Reuters) - Slovakia's foreign minister offered his resignation on Friday, the president said, dealing a fresh blow to the centre-right cabinet which has already been serving in a caretaker capacity ahead of elections in September. Rastislav Kacer's departure follows a string of other ministerial resignations and piles pressure on Prime Minister Eduard Heger, who had been facing mounting opposition calls to quit and make way for a technocrat government. Caputova, whose role gives her the power to appoint a new prime minister, said she would discuss the situation with Heger and parliament speaker Boris Kollar on her return. SaS joined a leftist opposition party in voting through a no-confidence motion in December, accusing the government of not helping people cope with the higher energy costs. The prime minister said he would not comment until he meets the president.

☆ Analysis: French pension standoff causing cracks in Macron's camp, insiders say
▼ + stars: | 2023-03-30 | by ( Elizabeth Pineau | ) www.reuters.com time to read: +7 min

With no sign of the protests abating, insiders question whether Borne's government has lost control of the political messaging necessary to appease the street. The situation has deteriorated considerably since Macron decided on March 16 to adopt the reform using special constitutional powers to bypass parliament. When asked about the divisions, the president's office said the majority of Macron's camp remained strong and united. "There are still ministers who are saying 'we should have done this or that', No!," the source lamented. An official in Borne's office said the prime minister had made efforts to preserve unity among ministers and lawmakers.

☆ U.S.-sanctioned general to become public face of China's growing military
▼ + stars: | 2023-03-12 | by ( Greg Torode | ) www.reuters.com time to read: +4 min

In 2016, Li was named deputy commander of the PLA's then-new Strategic Support Force - an elite body tasked with accelerating the development of China's space and cyber warfare capabilities. He was then appointed head of the Equipment Development Department of the Central Military Commission (CMC), China's governing defence body, headed by President Xi Jinping. Some security scholars note the sanctions - while not a deal-breaker for future meetings - add a potential complication, and could provide China's military leadership with leverage. Li's term at the Central Military Commission has highlighted his ties to Xi, who has strengthened his grip across the military. Some scholars believe Li has close ties to Zhang Youxia, a close military ally of Xi, whom Li replaced as head of the department.

☆ Put that out! Italy ministers fume over proposed smoking ban
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

Electronic cigarette firms in Italy say a new levy that doubles the price of e-liquid refills unfairly helps tobacco giants and will hurt their industry. REUTERS/Tony Gentile/File PhotoROME, March 6 (Reuters) - The Italian health minister's proposals to extend a smoking ban include the outdoor areas of bars and parks, according to details reported by local media, drawing the ire of right-wing cabinet colleagues who labelled him a "communist." Minister Orazio Schillaci, a technocrat with no party affiliation, said in January he would crackdown on smoking, including of e-cigarettes, which are being widely used by teenagers. The government passed a ban on smoking indoors in 2003, which came into force two years later. Health association Fondazione Umberto Veronesi estimates at least 43,000 people die in Italy every year for smoke-related reasons.

☆ Jimmy Carter, the 39th U.S. president, is in hospice care
▼ + stars: | 2023-02-18 | by ( ) www.cnbc.com time to read: +7 min

Former President Jimmy Carter speaks to the congregation at Maranatha Baptist Church before teaching Sunday school in his hometown of Plains, Georgia on April 28, 2019. Former President Jimmy Carter, who at 98 years old is the longest-lived American president, has entered home hospice care in Plains, Georgia, a statement from The Carter Center confirmed Saturday. Jason Carter, the couple's grandson who now chairs The Carter Center governing board, said Saturday in a tweet that he "saw both of my grandparents yesterday. That's a staggering drop from when The Carter Center began leading the global eradication effort in 1986, when the parasitic disease infected 3.5 million people. I would not deserve to be your president," Carter said often as he campaigned.

☆ U.A.E. Names Oil Chief to Run COP28 Climate Summit
▼ + stars: | 2023-01-12 | by ( Summer Said | ) www.wsj.com time to read: 1 min

DUBAI—The United Arab Emirates named the chief executive of its national oil company as the president of this year’s United Nations climate summit, drawing criticism from environmental activists. The Gulf state said Thursday that Sultan al-Jaber, chief executive of Abu Dhabi National Oil Co., or Adnoc, would be tasked with framing the agenda of the COP28 summit in Dubai, which opens at the end of November. Mr. Jaber, a top Emirati technocrat, is also the country’s minister for industry and technology and special envoy on climate change, playing a leading role in the country’s move to finance and produce more renewable and nuclear energy.

☆ Exclusive: Peru eyes spending in protest zones, but fiscal goals 'non-negotiable' -minister
▼ + stars: | 2022-12-14 | by ( Marco Aquino | ) www.reuters.com time to read: +3 min

The political turmoil is increasingly threatening to derail Peru's economic stability, with ratings agencies warning of downgrades, blockades impacting major mines and protesters demanding Congress and new president Dina Boluarte step down. Amid warnings from ratings agencies about the economic impact of the unrest and possible elevated spending, Contreras pledged that fiscal responsibility would be maintained. Peru is aiming for a fiscal deficit of 2.5% of GDP this year and 2.4% next year. On Monday, ratings agency S&P cut Peru's outlook to negative from stable and warned about a possible ratings downgrade if the upheaval continued. Contreras said that he had spoken with S&P and Fitch and understood their concerns, but highlighted Peru's fiscal and monetary strength, which he said was a buffer for the economy.

☆ Obituary: China's Jiang Zemin confounded doubters, mended U.S. ties
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +7 min

[1/5] A security guard stands next to a portrait of China's former President Jiang Zemin at an exhibition to celebrate the 90th anniversary of the founding of the Communist Party of China (CPC) in Beijing, China, July 7, 2011. Under Jiang, China weathered the 1997-1998 Asian financial crisis, joined the World Trade Organisation in 2001 and won the bid to host the 2008 Summer Olympics in Beijing. "Jiang Zemin was more ready to be natural, even though sometimes it could be perceived as vulgar, not very sophisticated." At celebrations for the 50th anniversary of the People's Republic in 1999, floats carried giant portraits of Mao, Deng and Jiang past Tiananmen Square. Jiang, like Mao, wore his trousers well above his waist and brushed his hair straight back.

[1/5] Italian Prime Minister Giorgia Meloni speaks during a news conference to present her government's first budget in Rome, Italy, November 22, 2022. Meloni, a fiery conviction politician, has often spoken out against Italy's reliance on technocrats to solve its economic problems and lambasted alleged interference from "high international finance" and "Brussels bureaucrats". During the election campaign Meloni called in vain for her predecessor Mario Draghi to freeze the sale of a majority stake in ITA. PUSHBACKDeputy Economy and Finance Minister Maurizio Leo, an adviser to Meloni, had proposed splitting his ministry by hiving off the finance department responsible for tax matters. The head of the finance department, Fabrizia Lapecorella, has asked to move to another ministry, two sources said.

Search resuls for: "technocrat"

25 mentions found