A coalition government has been agreed in Italy, ending months of uncertainty in the EU's fourth-biggest economy.Prime Minister-designate Giuseppe Conte presented his list of ministers to President Sergio Mattarella for the second time in a week and the new government will be sworn in on Friday.Ministers are drawn from both the anti-establishment Five Star (M5S) and the right-wing League.Attempts to form a technocratic government had failed. Mr Mattarella rejected Mr Conte's original choice for economy minister but a different candidate was agreed on Thursday. Italy populists: What you should know Country profile Conflict with EU not overAnalysis by BBC's James Reynolds in RomeFour days of political and constitutional crisis are over. And a new populist government - led by law professor Giuseppe Conte - will now be sworn in. In the end, the populist parties decided to back down and accept the president's veto of their original choice of a eurosceptic economy minister.Their newly … [Read more...] about Italy government: Giuseppe Conte to head populist coalition
The Bank of England will this week face calls for interest rate cuts to spur the jobs market, despite Boris Johnson’s stunning election victory clearing the fog of political uncertainty. The Monetary Policy Committee (MPC) has kept interest rates on hold at 0.75pc since August 2018 but two of its nine members broke ranks to push for a quarter-point cut in November. A majority of City economists expect the pair - Michael Saunders and Jonathan Haskel - to maintain their call for extra stimulus amid weak recent data and economic growth likely to slow to near-stalling speed in the final quarter of the year. Although the Government has pledged a £14bn boost to day-to-day spending next year, concerns... … [Read more...] about Bank of England faces fresh calls to cut rates
Sudan's public prosecutor has charged ousted President Omar al-Bashir with incitement and involvement in the killing of protesters.The charges stem from an inquiry into the death of a doctor killed during protests that led to the end of Mr Bashir's rule last month. Mr Bashir's fate is unclear. He was reportedly arrested after being ousted.He is also facing an investigation over allegations of money laundering and terror financing.Some Sudanese people will not believe that Mr Bashir is really in trouble for such crimes until they see him in a court, reports the BBC's Will Ross. Omar al-Bashir: Sudan's ousted president 'Why Sudan is shooting medics' Sudan country profile In December, protesters started demonstrating against a government decision to triple the price of bread. The protests soon morphed into widespread anger against the president's 30-year rule, led by doctors.Five weeks into the protests, on 17 January, witnesses said state forces fired live ammunition at protesters and … [Read more...] about Omar al-Bashir charged over dead Sudan protesters
A page is being turned in Africa's startup history. Nigeria-based e-commerce startup Jumia is going public on the New York Stock Exchange. The tech firm is considered to be Africa's first unicorn — a privately held startup valued at more than $1 billion (€890 million). The impact of Jumia's debut on the NYSE will reverberate far beyond Wall Street, where the African e-commerce giant's listing is expected to raise more than $200 million. African startups break new ground Funding for African startups hit record levels last year, reaching $725.6 million for 458 deals, according to a report by global tech media firm WeeTracker. "They were hitting their growth phase [in 2018] which is why they got a lot of money invested in them," says WeeTracker's Jha Nayantara. "I think that 2019 will also kind of keep that momentum because there are a lot of startups which were founded in 2012-2013," she adds. This is welcome news — both on the African continent and … [Read more...] about Is Jumia’s IPO setting the stage for more African startups?
Dr Paul Robinson works as a front line A&E doctor at a major hospital in the Midlands. The day after the General Election handed Prime Minister Boris Johnson a majority, he penned this warning for the Mirror. “The UK has returned a government after campaigning which featured callousness, deceit, and evasion. “What five years of Tory government might bring to the NHS after this display of electioneering is open to debate – but this, for what it’s worth, is what I think you’ll see. “That same cruelty, and worse, masquerading as ‘choice’. “Hard-working GPs will be asked if, Ireland-style, a £50 charge for an appointment might be a way to ‘encourage people to value the service’ as their community budgets are gradually eroded. “How do they pay for their patients now things have been cut? Well, you can ‘choose’ to go private. Only a few hundred pounds a month. “Pharmacological … [Read more...] about Day after election result a front line A&E doctor gives his verdict on many more years of Tory rule for our struggling NHS