November 25th @ 10:50 PM GMT
Yahoo! International credit rating firm Fitch dropped its outlook for South Africa from stable to negative on Friday, citing the country's recent political turmoil under President Jacob Zuma. Zuma has been engulfed by graft scandals and a power struggle with Finance Minister Pravin Gordhan, while economic growth has fallen to 0.5 percent and unemployment hit a 13-year high. ''Political risks to standards of governance and policy-making have increased,'' Fitch said in a statement, confirming t... (World)
November 28th @ 12:03 PM GMT
Yahoo! Britain's anti-European Union UK Independence Party elected its former chairman Paul Nuttall as its new leader on Monday, as it seeks to overcome months of internal turmoil and capitalize on its successful Brexit campaign. Nuttall, an elected member of the European parliament since 2009, will take over from UKIP's talismanic former leader Nigel Farage, who stood down in June after achieving his decades-long ambition of seeing Britain vote to leave the EU. While Farage has gone on to becom... (World)
November 25th @ 7:11 PM GMT
Yahoo! One of Brazilian President Michel Temer's closest allies resigned as minister in charge of relations with Congress on Friday, following accusations he pressured the culture minister to approve a property investment. The resignation of Geddel Vieira Lima - along with accusations that Temer himself also raised the investment with then Culture Minister Marcelo Calero - rattled investors. Brazil's currency and stock prices sank as traders worried the turmoil would derail Temer's efforts to o... (World)
November 28th @ 2:44 PM GMT
Yahoo! Britain's anti-European Union UK Independence Party elected its former chairman Paul Nuttall as leader on Monday, seeking to overcome months of internal turmoil and capitalize on its successful Brexit campaign. Nuttall, an elected member of the European parliament since 2009, will take over from UKIP's talismanic former leader Nigel Farage, who stood down in June after achieving his decades-long ambition of seeing Britain vote to leave the EU. While Farage has gone on to become a high-pro... (World)
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