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Oct
19
2022
By The African Mirror
Britain’s political and market turmoil

Britain’s political and market turmoil

WORLD
PRIME Minister Liz Truss has apologised for threatening Britain's economic stability after she was forced to scrap her economic agenda, with some Conservative lawmakers calling on her to quit. Her apology came after her new finance minister Jeremy Hunt demolished the radical economic agenda she proposed less than a month ago, reversing her vast tax-cutting plans and flagging a programme of "eye-watering" public spending cuts instead. Following is a snapshot of related events, comments and explanations: TRUSS U-TURN * Truss said was sorry for going "too far and too fast" with her radical economic plan. Her apology came after weeks of her blaming the…
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Jul
22
2022
By The African Mirror
Mario Draghi resigns, plunging Italy into political turmoil

Mario Draghi resigns, plunging Italy into political turmoil

WORLD
CRISPIAN BALMER, GIUSEPPE FONTE and ANGELO AMANTE ITALY will hold a snap national election on September 25 after Prime Minister Mario Draghi resigned following the collapse of his national unity government, sending tremors through financial markets. It will be the first autumn national election for more than a century in Italy, where the second half of the year is normally taken up with getting the budget law through parliament. It is likely to be a fractious campaign fought in the fierce summer heat in a drought-hit country. A bloc of conservative parties, led by the far-right Brothers of Italy, looks…
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Apr
04
2022
By The African Mirror
Fresh turmoil for Pakistan as Imran Khan dodges ouster, opposition vows fight

Fresh turmoil for Pakistan as Imran Khan dodges ouster, opposition vows fight

WORLD
ASIF SHAHZAD and GIBRAN NAIYYAR PESHIMAM PAKISTAN'S political turmoil deepened when Prime Minister Imran Khan avoided an attempt to oust him and sought fresh elections after dissolving parliament, a move the opposition called treasonously and vowed to fight. The deputy speaker of parliament, a member of Khan's party, blocked an opposition no-confidence motion that Khan had widely been expected to lose, ruling it was part of a foreign conspiracy and unconstitutional. That stymied the opposition's attempt to come to power and set up a potential legal showdown over the Constitution in the country of 220 million people. Opposition leader Shehbaz…
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