Tag Archives: crisis

Venezuela crisis: Hunt for pilot after attack on Supreme Court

The Venezuelan military is hunting for a rogue elite police officer suspected of carrying out a helicopter attack on the country’s Supreme Court. Oscar Pérez posted Instagram videos admitting the attack and calling on Venezuelans to rise up against the government of President Nicolás Maduro. The officer’s home has been searched as the president put the entire military… Read More »

Flint water crisis: Michigan officials on manslaughter charges

Michigan’s health chief is one of five officials charged with involuntary manslaughter in connection with the Flint water crisis. Nick Lyon and the others are accused of failing to alert the public to an outbreak of Legionnaires’ disease. However, the state governor backed Mr Lyon, calling him a “strong leader”. The outbreak involved about 100 cases and led… Read More »

Venezuela crisis: Opposition condemns Maduro move

Opponents of Venezuelan President Nicolas Maduro have set up roadblocks and staged demonstrations demanding elections as the country’s political and economic crisis deepens. They responded with defiance to his call for a new constitution to end unrest that has killed 28 people. Mr Maduro said his move was necessary to fend off a foreign-backed plot against him. The… Read More »

Italy president starts talks to seek way out of political crisis

Italy’s president began talks with political leaders on Thursday to seek a way out of the political crisis caused by the resignation of Prime Minister Matteo Renzi. Sergio Mattarella, a 75-year-old former constitutional court judge, must decide if someone can lead Italy to elections scheduled for 2018, or whether an interim government should serve until a snap vote… Read More »

Samsung slashes profit forecast over Galaxy Note 7 crisis

Samsung Electronics has slashed its quarterly profit forecast due to the scrapping of its Note 7 smartphone. The South Korean firm now expects third quarter profits of 5.2tn won ($4.7bn; £3.8bn), which is a third lower than its original estimate of 7.8tn won. The Note 7 was recalled last month after battery fires, but after replacement phones experienced… Read More »

Migrant crisis: EU ‘to back’ visa-free travel for Turkey

The European Commission will give conditional approval for Turks to travel without visas to Europe’s passport-free Schengen area, sources have told the BBC. Visa liberalisation was offered in return for Turkey taking back migrants who crossed the Aegean Sea to Greece. But Turkey must still meet EU criteria, and the visa deal needs approval by the European Parliament… Read More »

UK Business Secretary postpones Iran trip to focus on Tata steel crisis

Business Secretary Sajid Javid has postponed a major trade visit to Iran to focus on the future of Britain’s steel industry, a spokesman from the business department said on Tuesday. India’s Tata group announced plans to sell its entire UK steel operation in March, leaving the government battling to save an industry that has been hurt by cheap… Read More »

Britain suffers biggest downturn in productivity since the financial crisis

Britain has lurched further into its national productivity crisis, with hourly output at the end of last year registering its biggest quarterly fall since the 2008 financial crisis. Productivity, the crucial statistical metric that underpins overall economic growth and sustainable increases in national living standards, fell by 1.2 per cent in the three months to December, the Office… Read More »

Cameron says state takeover not the answer in steel crisis

Prime Minister David Cameron said there was no guarantee a buyer could be found for Britain’s biggest steel producer after Tata Steel (TISC.NS) announced it was pulling out, and a state takeover was not the answer. Cameron said he was doing all he could following the Indian company’s decision to sell its British operation, a move that has… Read More »

Migrant crisis: Hungary to hold referendum on EU quota plan

Hungary will hold a referendum on whether to accept mandatory EU quotas for relocating migrants, Prime Minister Viktor Orban has announced. Without disclosing the date for the poll, he stressed that the quotas “could redraw Europe’s cultural and religious identity”. In September, the EU agreed to relocate an additional 120,000 migrants across the continent – a move Hungary… Read More »