Politics

Swiss lawmakers rejected on Wednesday the government’s 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse’s merger with UBS. The government invoked Swiss emergency law to sign it off to the ire of the almost 250 lawmakers left without a say. A shotgun marriage that saw banking giant Credit Suisse taken over by Zurich-based rival UBS for 3 billion Swiss francs

Chinese president Xi Jinping is on a state visit to Russia from March 20 through 22, his first international trip since being re-elected. The Chinese leader had a tete-a-tete informal meeting with Russian President Vladimir Putin on Monday (March 20), which lasted for 4.5 hours, according to Russian state media. Putin and Xi greeted one another as “dear friend” when they met in

Israel’s newly sworn-in Foreign Minister Eli Cohen stated on Monday (Jan. 2) that the coalition government would be more reserved regarding the Russia-Ukraine issue, Haaretz reported. In his first address, Cohen, who took office last week as part of Prime Minister Benjamin Netanyahu’s new hard-right coalition government said that on the Ukraine crisis, “we will do one thing for certain – speak

Russian President Vladimir Putin said on Friday (Dec. 30) he was expecting Chinese President Xi Jinping to make a state visit to Moscow in 2023. Russian President Vladimir Putin and Chinese President Xi Jinping met remotely via video link Friday (Dec. 30). Putin invited Xi to pay a state visit to Russia in spring 2023, saying that the meeting would become the

United States House of Representatives Speaker Nancy Pelosi announced on Thursday (Nov. 17) that she will not be seeking another term as the leader of Democrats in the lower chamber of US Congress,paving the way for a younger generation to take over the party’s top job. Speaking before lawmakers, she stressed that a “new generation” should lead the House Democratic Caucus, expressing confidence that

United States President Joe Biden and his Chinese counterpart Xi Jinping will have an in-person meeting on Monday, Nov. 14, in Indonesia’s Bali, where the two leaders are attending the G-20 summit, the White House announced on Thursday (Nov. 10). “The leaders will discuss efforts to maintain and deepen lines of communication between the US and the PRC [People’s Republic of China],

Britain’s Labour opposition leader Sir Keir Starmer sounded the alarm on house price “shocks” across the UK as mortgage rates rise. The politician told City A.M on Thursday (Oct. 6) there’s “no market confidence” in the government and that “we are going to see these shocks in mortgages and housing as a direct result of it”. Analysis by the Labour Party suggests an average

Italy prepares to head to the polls on September 25. The polls suggest that Giorgia Meloni, head of the far-right Brothers of Italy party, is on the verge of becoming Italy’s new prime minister in next month’s snap election. The early election was called after Mario Draghi resigned as prime minister after losing the confidence of parliament. Draghi remains as caretaker prime

Droupadi Murmu scripted history on Monday (July 25), after being sworn in as the 15th President of India, as she is the first tribal and the second woman to be elected to the nation’s highest post. Addressing the joint sitting of Parliament after taking the oath, President Murmu said, “My election is proof that the poor in the country can have dreams

Mario Draghi, the former European Central Bank president, on Thursday (July 14) said he would quit as Italian prime minister, after the Five Star Movement (M5S), a key party in his broad coalition refused to participate in a confidence vote earlier in the day. The vote on a controversial cost of living bill passed in the Senate, but Draghi said: “The pact of trust underlying