PARIS, (APP/AFP) – Reform-minded French Economy Minister Emmanuel Macron has set up his own political movement saying he wants to find “new ideas” for France in a move that will fuel speculation over the former banker’s presidential ambitions. Macron, 38, announced the creation of “En Marche” (“On the Move”) in a carefully choreographed appearance Wednesday […]
International News
French minister Macron forms party, sparks presidential speculation
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Banks reject indebted Indian tycoon’s $600 mn repayment offer
NEW DELHI, (APP/AFP) – A group of Indian banks rejected Thursday embattled businessman Vijay Mallya’s offer to repay $600 million in unpaid loans, less than half of what his defunct airline owes them. The banks told the Supreme Court in New Delhi that they wanted the 60-year-old flamboyant entrepreneur to return to India so they […]
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Australian steelmaker Arrium put into administration
SYDNEY, (APP/AFP): Cash-strapped Australian miner and steelmaking giant Arrium was Thursday placed into voluntary administration with big debts on the back of plunging commodity prices. The company owes more than Aus$2.0 billion (US$1.5 billion) and its shares were suspended Wednesday after its lenders rejected a proposed US$927 million recapitalisation plan by GSO Capital Partners that […]
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UN condemns large-scale home demolitions in West Bank
UNITED NATIONS, (APP): The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) has condemned Wednesday’s large scale home demolitions by Israeli authorities in the Bedouin refugee community of Um al Khayr in the South Hebron Hills. As a result, according to UNRWA, 31 Palestine refugees, including 16 children, were […]
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Vietnam Prime Minister sworn in by lawmakers
HANOI, (APP/AFP): Vietnam’s new prime minister Nguyen Xuan Phuc was formally voted in and handed a five-year term by lawmakers Thursday to round off a leadership change among Communist top brass. Phuc was the only candidate nominated for the position by party officials earlier this year and won 90.26 percent of the votes in the […]
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Cruz invigorates anti-Trump camp with win in Wisconsin
WASHINGTON, (APP/AFP) – Texas Senator Ted Cruz commanded new momentum Wednesday in the race for the White House with a solid Wisconsin primary win, making it harder for frontrunner Donald Trump to clinch the Republican nomination outright. Upstart senator Bernie Sanders also beat frontrunner Hillary Clinton in the Midwestern state, bolstering his claim to be […]