Economy & Politics

Obama administration knew IRS was targeting conservative groups since June 2012

J. Russell George, the Treasury inspector general for tax administration, testified alongside ousted IRS head Steven T. Miller

Obama administration knew since June 2012 about an investigation into complaints from conservative tea party groups that they were being harassed by IRS, and the probe was ongoing at the height of the presidential race, a Treasury inspector general revealed Friday. J. Russell George, the Treasury inspector general for tax administration, testified alongside ousted IRS [...]

Zahra Shahid Hussain shot dead in Karachi

Senior Pakistani politician Zahra Shahid Hussain has been shot dead in the southern port city of Karachi

Senior Pakistani politician Zahra Shahid Hussain has been shot dead in the southern port city of Karachi. Zahra Shahid Hussain was the senior vice-president of Pakistan’s Movement for Justice party (PTI), led by former international cricketer Imran Khan. She was killed by gunmen on a motorcycle outside her home in the city’s upmarket Defence neighborhood. [...]

Rome: Thousands rally to oppose Italy’s austerity measures

A controversial poster depicted Chancellor Angela Merkel, who is seen as typifying austerity

Thousands of protesters, led by trade unionists, have rallied in Rome against the policies of Italy’s new coalition government. Wielding red flags and placards, they urged the centre-left prime minister, Enrico Letta, to scrap austerity measures and focus on job creation. Public trust in his fragile coalition with the centre-right is dropping, opinion polls suggest. [...]

Pope Francis condemns money cult in his first major speech on financial crisis

In his first major speech on the financial crisis, Pope Francis has called on world leaders to end the "cult of money" and to do more for the poor

In his first major speech on the financial crisis, Pope Francis has called on world leaders to end the “cult of money” and to do more for the poor. Free market economics had created a tyranny, in which people were valued only by their ability to consume, the pontiff told diplomats in the Vatican. “Money [...]

Steven T. Miller: Acting IRS commissioner resigns over targeting conservative groups for special scrutiny

Steven T. Miller has quit as IRS head after it emerged his staff singled out conservative groups for extra scrutiny

Acting head of the US Internal Revenue Service (IRS) Steven T. Miller has quit after it emerged his staff singled out conservative groups for extra scrutiny, President Barack Obama has announced. Treasury Secretary Jack Lew had asked for and accepted the resignation of IRS Acting Commissioner Steven Miller, he said. “I will do everything in my [...]

France enters its second recession in four years

France has entered its second recession in four years after the economy shrank by 0.2 percent in Q1 2013

France has entered its second recession in four years after the economy shrank by 0.2% in the first quarter of 2013, according to official figures. The country’s economy shrank by the same amount in the last quarter of 2012. A recession is defined as two consecutive quarters of negative growth. France has record unemployment and [...]

Nawaz Sharif claims victory in Pakistani parliamentary elections

Former Pakistani Prime Minister Nawaz Sharif is celebrating with his supporters, amid early signs that his party will be the largest after parliamentary elections

Former Pakistani Prime Minister Nawaz Sharif is celebrating with his supporters, amid early signs that his party will be the largest after parliamentary elections. Media projections based on partial results suggest a big lead for Nawaz Sharif’s Muslim League, and he has already claimed victory. The election should lead to the country’s first transition from [...]

Bulgaria votes in parliamentary elections

Parliamentary elections are under way in Bulgaria with opinion polls predicting no outright winner

Parliamentary elections are under way in Bulgaria with opinion polls predicting no outright winner. Mass protests against low living standards and widespread corruption forced the government of the centre-right Gerb party to resign in February. However, the run-up to Sunday’s election has been marked by voter apathy and claims of fraud. On Saturday prosecutors said [...]

Pakistan votes in the country’s first transition from one civilian government to another in its 66-year history

Long queues of women waiting to vote in Pakistan

Pakistan votes in landmark national and provincial elections. The vote marks Pakistan’s first transition from one civilian government to another in its 66-year history. However, the run-up to the election has been marred by violence in which more than 100 people have been killed. A bomb blast in the port city of Karachi on Saturday [...]

Silvio Berlusconi tax fraud conviction upheld by Milan court

Silvio Berlusconi’s conviction for tax fraud has been upheld by an appeals court in Milan

Former Italian PM Silvio Berlusconi’s conviction for tax fraud has been upheld by an appeals court in Milan. The court also reinstated a four-year prison sentence and five-year ban from public office Silvio Berlusconi was handed in October. Silvio Berlusconi was convicted of artificially inflating prices of film distribution rights bought by his company, Mediaset, [...]

Imran Khan recovering in Lahore hospital with injuries to his head and spine

Imran Khan is recuperating in hospital after falling off a makeshift lift that was taking him onto a stage at an election rally in Lahore

Former cricketer and leading Pakistani politician Imran Khan is recuperating in hospital after falling off a makeshift lift that was taking him onto a stage at an election rally in Lahore. Doctors say that Imran Khan received stitches in the head and treatment for injuries to his spine. But they say that his spinal cord [...]

Imran Khan injured after falling on stage during Pakistani election rally in Lahore

Imran Khan has been injured after falling off a makeshift lift that was taking him onto a stage at an election rally in Lahore

Former cricketer and leading Pakistani politician Imran Khan has been injured after falling off a makeshift lift that was taking him onto a stage at an election rally in Lahore. It is unclear how badly Imran Khan was hurt, but he suffered visible head injuries in the fall. Imran Khan was taken to hospital for [...]

Greece makes progress on reducing its budget deficit, says IMF report

IMF report revealed Greece has made progress in improving its finances, but the country must do more to fight tax evasion

An International Monetary Fund (IMF) report has revealed today that debt-laden Greece has made progress in improving its finances, but the country must do more to fight tax evasion. In a report, the IMF said Greece had made “exceptional” progress on reducing its budget deficit since 2010. But the IMF, one of the lenders that [...]

Giulio Andreotti: Former Italian prime minister dies aged 94

Former Italian PM Giulio Andreotti, one of the most prominent political figures of post-war Italy, has died aged 94

Former Italian PM Giulio Andreotti, one of the most prominent political figures of post-war Italy, has died aged 94. Giulio Andreotti was prime minister seven times between 1972 and 1992. He led the Christian Democrat party, which dominated Italian politics for decades. He was dogged in later years by allegations of corruption and Mafia links. [...]

Malaysia election: Barisan Nasional governing coalition wins polls extending its 56-year-long rule

Malaysia’s ruling National Front coalition has won a simple majority in the country's parliamentary election, extending its 56-year rule

Malaysia’s ruling National Front coalition has won a simple majority in the country’s parliamentary election, extending its 56-year rule, with two-thirds of seats confirmed. PM Najib Razak’s Barisan Nasional coalition had passed the threshold of 112 seats in the 222-seat parliament, the Election Commission said. Defeated opposition leader Anwar Ibrahim accused the party of widespread [...]

Malaysia votes in most closely contested general election in country’s history

Malaysian PM Najib Razak's Barisan Nasional coalition is up against Pakatan Rakyat, a three-party alliance headed by Anwar Ibrahim

Malaysia is voting in what is widely expected to be the most closely contested general election in the country’s history. PM Najib Razak’s Barisan Nasional (National Front) coalition is up against Pakatan Rakyat, a three-party alliance headed by Anwar Ibrahim. Voters are faced with returning the ruling party, in power for 56 years, or choosing [...]

Michaela Biancofiore: Italian minister resigns after one day over homophobia accusations

Michaela Biancofiore is a member of Italy’s ex-PM Silvio Berlusconi's centre-right People of Freedom party

Michaela Biancofiore, an Italian junior equal opportunities minister, has resigned the day after being sworn in to new coalition, having said gay people invited discrimination by “ghettoizing” themselves. Michaela Biancofiore was defending herself against accusations of homophobia made by human rights groups. But she invoked more wrath with Saturday’s comments to Italian media. The sacking [...]

Portugal to cut 30,000 civil service jobs and to raise retirement age by one year to 66

Portugal’s PM Pedro Passos Coelho announced new austerity measures from next year that would save 4.8 billion euros over three years

Portugal plans to cut 30,000 civil service jobs and to raise the retirement age by one year to 66 as it tries to meet the terms of a bailout. PM Pedro Passos Coelho said civil servants would also be required to work 40 hours a week instead of 35. The proposals, which would be applied [...]

ECB cuts benchmark interest rate to new record low of 0.5% to boost eurozone economy

ECB has decided to cut its benchmark interest rate to a new record low amid ongoing worries about the eurozone's economy

The European Central Bank (ECB) has decided to cut its benchmark interest rate to a new record low amid ongoing worries about the eurozone’s economy. The widely-expected cut to 0.50% from 0.75% is the first in 10 months. Worries about eurozone economies were underlined on Thursday with data showing manufacturing activity across the 17-nation bloc [...]

Fistfights in Venezuela’s parliament over disputed presidential election

Opposition deputy Julio Borges appeared on a local TV station with facial bruises after Venezuela’s parliament brawl

Several opposition MP’s are reportedly being injured during a brawl that have broken out in Venezuela’s parliament over the recent disputed presidential election. Several legislators were left bloodied and bruised, with both opposition and pro-government lawmakers accusing each other of starting the fight. A measure was earlier passed denying MPs the right to speak until they recognized Nicolas Maduro [...]

Venezuela election final result shows narrower victory for Nicolas Maduro

Nicolas Maduro won Venezuela’s election by 1.49 percentage points, or fewer than 225,000 votes

Venezuela’s electoral council has amended the final result of the April 14 presidential election for Hugo Chavez’s successor after finishing counting votes cast abroad. The council said that according to its latest figures, Nicolas Maduro won the election by 1.49 percentage points, or fewer than 225,000 votes. Earlier official figures had suggested Nicolas Maduro won [...]

Cheetah scratches Botswana President Ian Khama on his face

Botswana President Ian Khama needed stitches on his face after being scratched by a cheetah

Botswana President Ian Khama needed stitches on his face after being scratched by a cheetah, officials say. The animal was reportedly being fed in its enclosure at an army barracks when it jumped up and scratched Ian Khama, who was standing nearby. The incident was “a freak accident, but not an attack”, government spokesman Jeff Ramsay told local [...]

Gunshots fired outside Italian PM’s office during new government swearing-in ceremony

A man has been arrested in Italy after he shot two police officers outside the PM's office in Rome during new government swearing-in ceremony

A man has been arrested in Italy after he shot two police officers outside the PM’s office in Rome during new government swearing-in ceremony. One of the officers was shot in the neck and is said to be in a serious condition. The incident was around a kilometre away from the swearing-in ceremony at the [...]

Iceland centre-right opposition wins parliamentary election

Iceland’s centre-right opposition parties are set for a return to power with nearly all votes counted after Saturday's parliamentary election

Iceland’s centre-right opposition parties are set for a return to power with nearly all votes counted after Saturday’s parliamentary election. The Independence party has 26% and the Progressive party 24%, putting them on track to win nearly 40 of the 63 seats. The ruling Social Democrats are trailing with around 13%. It is a dramatic [...]

Algerian President Abdelaziz Bouteflika hospitalized in Paris after suffering mini-stroke

Algerian President Abdelaziz Bouteflika has suffered a mini-stroke and has been flown to hospital in Paris

Algerian President Abdelaziz Bouteflika has suffered a mini-stroke and has been flown to hospital in Paris, the state news agency said. Abdelaziz Bouteflika, 76, had a “transient ischemia” – a temporary blockage of a blood vessel often called a mini-stroke – an official told the APS news agency. But he said there was “no reason [...]

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