• Wednesday, October 22, 2014

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Political Crisis

Afghan rivals strike power sharing deal

Afghan rivals strike power sharing deal

Former finance minister Ashraf Ghani was declared Afghanistan's next president yesterday, hours after signing a power-sharing deal with his rival Abdullah Abdullah that ended a prolonged standoff over the disputed result. Allegations of massive fraud in the June 14 vote sparked political crisis as both candidates claimed victory, paralysing the country at a key...

Pak PM summons joint parliament session

Pak PM summons joint parliament session

A high level meeting chaired by Prime Minister Nawaz Sharif on Sunday has decided to summon a joint session of the parliament on Tuesday to discuss prevailing crisis in the country. The joint session of the parliament would adopt another resolution for upholding the Constitution and supremacy of the Parliament, Pakistani news portal Dawn.com...

‘Soft coup’ fears grow in Pakistan

Pakistan's army chief took centre stage in a national political crisis yet again by holding talks with two protest leaders who have been agitating on the streets of Islamabad for the overthrow of the elected government for the last two weeks. Politician and former cricketer Imran Khan and a Muslim cleric called Tahir-ul-Qadri left their protest camps outside parliament for back-to-back audiences with Raheel Sharif, the general in charge of Pakistan's 500,000-strong army. Officials said the general had agreed to mediate...

Breakthrough expected in Pak talks

Breakthrough expected in Pak talks

A breakthrough is expected between Pakistan Tehreek-e-Insaf and the government committees formed to hold dialogue, reports geo.tv. There is another round of talks expected today (Saturday) between the PTI and government. The government team comprises Ishaq Dar, Ahsan Iqbal, Pervaiz Rashid and Abdul Qadir Baloch. The PTI is represented in the talks by Shah Mehmood...

Pakistan talks spark 'soft coup' fears

Pakistan talks spark 'soft coup' fears

Pakistan's army chief took centre stage in a national political crisis on Thursday night by holding talks with two protest leaders who have been agitating on the streets of Islamabad for the overthrow of the elected government for the last two weeks. Politician and former cricketer Imran Khan and a Muslim cleric called Tahir-ul-Qadri...

France awaits new govt after shock resignation

France's prime minister was set to appoint a new cabinet yesterday after tendering his government's resignation amid a row over economic policy, plunging the country into a fresh political crisis. As desperately unpopular President Francois Hollande battles to overcome splits in his ruling Socialists and revive the stagnant French economy, Manuel Valls was expected to announce the make-up of his team in the afternoon. The shock resignation on Monday was seen as a bid to restore order after a weekend of...

Iraq's Maliki tells army to keep out of politics

Iraq's Maliki tells army to keep out of politics

Iraq's incumbent prime minister ordered the security forces on Tuesday not intervene in the current political crisis over who will be the next prime minister, amid fears that he might go to any lengths to stay in power. Nouri al-Maliki urged army, police and security forces in statement to stay out of the political...

Most insurers see a hike in profits

Most insurers see a hike in profits

Most of the insurance companies saw a hike in their profits in the six months to June, thanks to a rise in premium income and dividend from investment. A total of 33 companies disclosed their half-yearly profits as of yesterday. Of them, 23 saw a rise and 10 a fall.  Reliance Insurance's profit rose 10 percent to Tk 13.97 crore in the January-June period from the same time a year ago. “Our income from policy premium went up 10 percent to Tk 90 crore this year due to an increase in new policies,” said Akhtar Ahmed, an adviser to the insurer. The interest income from investment such as fixed deposit also raised profits,...

Thai army chief to meet key players

Thai army chief to meet key players

Thailand's army chief is to hold talks with key players in the political crisis, a day after declaring martial law in the protest-hit nation. General Prayuth Chan-Ocha has asked to meet the government, the Senate speaker and the two main protest factions. After the talks it could become clearer whether the military will restrict itself...

Thai PM rules out resignation

Thailand's acting prime minister today ruled out resigning as a way out of a protracted political crisis that is stunting economic growth, as anti-government protesters stepped up pressure to remove him and install a new administration. Thailand is stuck in political limbo following the dismissal of Prime Minister Yingluck Shinawatra and nine of her ministers on May 7 after a court found them guilty of abuse of power. Six months of turmoil that has included violent protests and a disrupted general...

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