Survivors report fishing vessel coming to their rescue 40 miles of coast of Tunisia/Lorenzo Tondoin Palermo@lorenzo_tondo
As many as 70 people trying to reach Europe from Libya have drowned after their vessel capsized in the deadliest such incident in the Mediterranean since January.
According to survivors, at least 16 of whom were rescued, the boat left Zuwara in Libya, where renewed warfare between rival factions has gripped the capital, Tripoli, in the past five weeks. The vessel capsized 40 miles off the coast of Sfax, south of Tunis, as it headed towards Italy. Continue reading Up to 70 dead after boat capsizes trying to reach Europe from Libya
Both the market exuberance and trepidation can be traced back to the Federal Reserve’s flip-flop on whether to raise interest rates. Analysts say the Fed’s U-turn shows that the world’s top economic minds see danger.
Global growth is slowing to a halt in much of Europe and Japan; and Canada, Australia and New Zealand may be headed into a recession this year. Central banks and international aid institutions like the IMF are issuing warnings and writing down growth expectations around the globe.
Continue reading What are economists saying about unsettling global currency markets and the prospects for economic slow down?
Chinese President Xi Jinping is wrapping up his overseas jaunt of the year, visiting Europe on a mission to strengthen Beijing’s ties to the region.
Continue reading Italy sign on to China’s ‘One belt, One Road
Five Star’s “citizens’ income” has noble aims, but it risks getting bogged down by its own complexity and the country’s … Continue reading Italy Starts Handing Out Free Money