Author: Capitalist

China September producer prices jump most in six months in boost for global inflation

FILE PHOTO: A night view of the old houses surrounded by new apartment buildings at Guangfuli neighbourhood in Shanghai, China, April 10, 2016. I REUTERS/Aly Song/File Photo October 16, 2017 BEIJING (Reuters) – China’s producer price inflation unexpectedly accelerated to a six-month high in September as a construction boom shows no signs of abating and a government crackdown on air pollution triggers fears of winter shortages and frenzied jumps in commodity prices. China’s strong demand for building materials has triggered a year-long commodities rally which is helping to buoy manufacturing activity and inflation around the world, even if it...

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Macron urges the French to value success, rejects ‘president of rich’ tag

French President Emmanuel Macron is seen before his first long live television interview on prime time at the Elysee Palace in Paris, France, October 15, 2017. REUTERS/Philippe Wojazer October 15, 2017 By Michel Rose and Sybille de La Hamaide PARIS (Reuters) – Emmanuel Macron on Sunday said he was a president of all French, dismissing opponents’ criticisms that his policies favor the rich while urging his countrymen to adopt a more positive attitude toward success. In his first months in power, Macron has defied street protests to loosen France’s labor laws, moved to scrap the wealth tax and cut...

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Outgoing leader’s protege set to win Kyrgyz presidential election

Visiting members of a local electoral commission conduct electronic identification of a voter (C) during early voting at the presidential election in the village of Arashan outside Bishkek, Kyrgyzstan October 14, 2017. REUTERS/Vladimir Pirogov October 15, 2017 By Olga Dzyubenko BISHKEK (Reuters) – A protege of outgoing pro-Russian leader Almazbek Atambayev looked set for a surprise outright victory in Kyrgyzstan’s presidential election on Sunday, despite polls having predicted a close runoff between him and an opposition leader. According to preliminary data published by the central election commission, former prime minister and Atambayev ally Sooronbai Jeenbekov had secured 54.22 percent...

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State vote unlikely to give Merkel boost in German coalition talks

German Chancellor Angela Merkel attends a Lower Saxony’s Christian Democratic Union’s (CDU) regional election campaign rally in Stade, Germany October13, 2017. REUTERS/Fabian Bimmer October 15, 2017 By Michelle Martin BERLIN (Reuters) – Voters in the German state of Lower Saxony headed to the polls on Sunday in an election likely to hand the Social Democrats (SPD) a narrow victory, and deprive Chancellor Angela Merkel’s conservatives of a boost in looming national coalition talks. Germans disgruntled with Merkel’s liberal migrant policy abandoned her party in droves in September’s national election. Having recorded the worst conservative result since 1949, she must...

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Europe’s migration crisis casts shadow over Austrian election

NEOS party top candidate Matthias Strolz attends his final election campaign rally in Vienna, Austria, October 14, 2017. REUTERS/Leonhard Foeger October 15, 2017 By Kirsti Knolle and Francois Murphy VIENNA (Reuters) – Austria voted on Sunday in a parliamentary election that could see 31-year-old conservative Sebastian Kurz become chancellor on a pledge to take a hard line on refugees and prevent a repeat of Europe’s migration crisis. Foreign Minister Kurz propelled his People’s Party (OVP) to the top of opinion polls when he became leader in May, dislodging the far-right Freedom Party that had led for a year. Kurz...

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