Japan PM Kishida Shuffles Cabinet as Support Sags Over Ruling Party Ties to Cult
By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida shuffled his cabinet Wednesday, seeking to shore up sagging voter support amid revelations that ruling party lawmakers have done little to counter what some lawyers say are illegal activities by the Unification Church, which has cultivated close ties with conservative politicians for over five decades. […]
July Jobs Report Takes the ‘Stag’ Out of ‘Stagflation;’ Adds 528K Payroll Slots
By Denny Gulino WASHINGTON (MaceNews) – Confounding the forecasters, the July jobs market exploded with new hiring, adding 528,000 payrolls slots, lowering the unemployment rate to 3.5% and pitting market pessimists against their opposites who see inflation having peaked. U.S. stocks futures sagged, benchmark interest rates shot up a few basis points and the White […]
Super Mario Fails; Italy’s Government On Verge of Collapse As Country Prepares for an Early Vote
By Silvia Marchetti ROME (MaceNews) – Italy’s premier Mario Draghi lost the support of his ruling coalition on Wednesday during a key vote of confidence at the Senate and is expected to resign, paving the way to an early vote and to months of paralysis. Even though Draghi did win the vote of confidence with […]
Rishi Sunak and Liz Truss Duke it Out in Battle To Become Next UK Leader
–Campaign Likely to Centre on Tax, Cost of Living By Laurie Laird LONDON (MaceNews) – The battle to become the next UK prime minister is likely to be fought over tax policy and rising living costs, as UK Conservative party members begin voting to choose a new leader during the nation’s worst cost-of-living crisis in […]
Italy’s Political Crisis: Draghi Departure Would Trigger 3-Month Paralysis, Early Vote Not Before October – Sources
-€300 bln bonds to mature this year -Key reforms at stake -New ‘ruling pact’ with 5 Stars Doubtful By Silvia Marchetti ROME (MaceNews) – If Italian premier Mario Draghi fails to secure a new ‘ruling pact’ with the belligerent 5 Stars Movement on Wednesday, his departure would trigger early elections, months of political stalemate, and […]
<strong>Italy Rocked by Political Crisis, Unclear Whether Draghi to Stay – Sources</strong>
–Early vote ‘measure of last resort’ –Draghi could seek new vote of confidence –President Mattarella to appeal to ‘sense of duty’ of all parties By Silvia Marchetti ROME (MaceNews) – Italy has been shaken by yet another political crisis after the co-ruling 5 Stars Movement refused to take part in a key vote on confidence […]
Italy’s Draghi Faces Risky Senate Vote as 5 Stars Threaten to Ditch Ruling Coalition
By Silvia Marchetti ROME (MaceNews) – Italy’s premier Mario Draghi faces a risky Senate vote this week as his ally, the 5 Stars Movement, threatens to withdraw government support over key economic measures, according to ruling coalition sources. As tensions between Draghi and the former premier, 5 Stars party leader Giuseppe Conte, are mounting, 5 […]
Japan Conservative Ruling Bloc Raises Majority in Upper House Poll
By Max Sato (MaceNews) – Japan’s ruling conservative coalition increased its majority in Upper House elections on Sunday, public broadcaster NHK and other news media reported based on their exit polls and ongoing vote-counting, an outcome that would allow Prime Minister Fumio Kishida to focus on his longer-term projects to narrow the income gap and […]
Analysis: After Abe’s Death, PM Kishida Still Has to Show How His New Capitalism Works for Japan
By Max Sato (MaceNews) – After Friday’s assassination of Shinzo Abe, architect of the reflationary economic policy mix dubbed Abenomics, Prime Minister Fumio Kishida has yet to show whether his “new capitalism” is a better alternative in revitalizing Japan. During the ruling party leadership election campaign last year, Kishida floated the idea of shifting from […]
Draghi: Italy Supports Ukraine, ‘No Ambiguity’ From EU Countries but Common Stance Needed 
By Silvia Marchetti ROME (MaceNews) – Italy’s government stands united in supporting Ukraine against Moscow and all European Union member states must show unity on this front as ‘unclear messages’ are not acceptable, Italian premier Mario Draghi told the Senate on Tuesday. Speaking ahead of the key June 23-24 European Council meeting on the Ukraine […]