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French Senate passes controversial pension reform bill

12-03-2023 PARIS: France’s Senate, the upper house of its parliament, approved a contentious reform to the nation’s pension system, a move being considered a win for President Emmanuel Macron during his second presidential term. Senators passed the reforms by 195 votes to 112, bringing the package another step towards becoming …

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Silicon Valley Bank crisis deals blow to US banking sector

12-03-2023 WASHINGTON: Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business as Silicon Valley …

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Li Qiang takes reins as China’s Premier

12-03-2023 BEIJING: Four years before Li Qiang gained notoriety as the force behind the two-month COVID-19 lockdown of Shanghai, the man who became China’s premier on Saturday worked quietly behind the scenes to drive a bold revamp of the megacity’s sclerotic stock market. Li’s back-channelling sources said he bypassed the …

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Explosion in Afghanistan during ceremony of journalists

12-03-2023 Bureau Report KABUL/ BALKH/ ISLAMABAD: An explosion during an award ceremony for journalists in Afghanistan’s northern Balkh province has killed at least one person and wounded eight others, according to a Taliban police spokesman. The explosion took place at the Tabian Farhang centre in Mazar-i-Sharif, the capital of the …

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Mali postpones constitutional referendum

12-03-2023 BAMAKO: Mali’s interim government has postponed a constitutional referendum, a key step on the country’s path towards elections meant to restore democracy after a military takeover in 2020. “The transitional government informs national and international opinion that the date of the referendum scheduled for March 19, 2023 … will …

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Bahrain revokes HRW parliament conference visas

12-03-2023 MANAMA: Bahrain has revoked visas issued to Human Rights Watch (HRW) to attend an international parliamentary conference, the rights group said on Friday, days after raising concerns about the Gulf state’s rights record. Visas that were issued for two members of the rights group on January 30 were cancelled …

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‘Hundreds of migrants brought ashore in Italy’

12-03-2023 ROME: More than 1,000 migrants were brought ashore to southern Italy on Saturday after coastguards launched major rescue operations for three boats struggling in rough seas off Calabria. One coastguard vessel brought 584 people to the city of Reggio Calabria, while another escorted a packed fishing boat carrying 487 …

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