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Italy’s populist government will cut its budget deficit targets from 2020, after investors sold off Italian assets and European Union ministers criticised its plans to jack up spending next year.

The ruling coalition last week said it planned to run a deficit of 2.4% of gross domestic product (GDP) next year, tripling the previous government’s target. It also said that the deficit would stay at that level through 2021. Read more HERE.

Published on 03/10/2018 @ 9:20 PM  | Top

At least 29 people, including children, have been killed in a terrorist attack on a military parade in south-west Iran, responsibility for which has been claimed by both Islamic State and a separatist group.

Four assailants disguised as military personnel opened fire from behind the viewing platform during the parade in Ahvaz to mark the anniversary of the eight-year war with Iraq in the 1980s....Read more HERE.

Published on 22/09/2018 @ 11:09 PM  | Top

When Teresa Cervantes entered her manager’s office at a Chicago McDonald’s, a different manager asked what she wanted, as Cervantes recounted in Spanish during a one-day strike of McDonald’s workers, outside the Chicago corporate headquarters on Tuesday.

The manager asked if she was there for “pito” – a word for male genitalia – since Cervantes’ boss was known for pressuring workers to have sex in the office or store bathrooms, said Cervantes, who worked at the city’s famous Rock ‘N’ Roll McDonald’s and other locations. Read more HERE.

Published on 18/09/2018 @ 9:23 PM  | Top

A Conservative party donor has called for a referendum to be held on the final Brexit deal, amid new warnings about the huge financial costs of leaving the EU without an agreement.
Sir Simon Robertson, the former banker and Rolls-Royce chairman, said that he was “deeply depressed” by the direction of the Brexit debate and believed there should be a chance for a vote on the final deal hammered out with Brussels. Read more HERE.

Published on 01/09/2018 @ 4:53 PM  | Top

Venezuela moved to shore up its crumbling economy on Monday, devaluing its currency and preparing to raise the minimum wage by more than 3,000% in what the country’s president, Nicolás Maduro, declared a visionary bid to tame rampant hyperinflation.

More than 500,000 Venezuelans have fled overseas this year amid chronic shortages of food and medicine, soaring crime and warnings from the International Monetary Fund (IMF) that inflation could hit 1m% this year. Read more HERE.

Published on 20/08/2018 @ 9:17 PM  | Top

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