adplus-dvertising
Connect with us

News

Italy’s Prime Minister resigns again

Published

 on

Mario Draghi Italy's Prime Minister resigns

Rome, Italy- Prime Minister Mario Draghi has tendered his resignation again a day after a last-ditch effort to persuade the country’s fractious parties to stick together for the benefit of the nation.

Draghi’s government of national unity imploded on Wednesday after members of his uneasy coalition of right, left and populists rebuffed his appeal to the band back together to finish the Legislature’s natural term and ensure implementation of the European Union-funded  COVID-19 pandemic recovery program.

Instead, the centre-right parties of Forza Italia and the League and the populist Five Star Movement boycotted a confidence vote in the Senate, in a clear sign they were done with Draghi’s 17-month government.

Last week, Draghi tendered his resignation after the 5-Star Movement, the largest political party in the country’s coalition government withdrew its support in a parliamentary confidence vote on a package designed to tackle Italy’s cost-of-living crisis. He had previously said that he would not lead a government that did not include 5-Star. Draghi’s resignation, however, was rejected by Italy’s President Sergio Mattarella, who urged him to stay and find a solution.

While the next steps are unclear, the outcome suggests Mattarella could dissolve Parliament after a period of consultations, paving way for an early election as soon as late September or early October. The Legislature’s five-year term had been due to expire in 2023.

Meanwhile, the country’s financial markets have sold off following Draghi’s resignation. The yield on Rome’s 10-year government bond jumped 0.13 percentage points to 3.5 percent after Draghi lost the support of members of his national unity coalition in a confidence vote on Wednesday night.

Economists widely expect the Central Bank to increase borrowing costs by 0.25 percentage points from their current level of minus 0.5 percent, but rate-setters were also poised to discuss a possible 0.5 percentage point rise.

“Draghi’s departure from the political scene and snap elections is a clear negative for Italy and the European Union. This will complicate the potential design and use of the European Central Bank’s anti-fragmentation tool,” said Ludovico Sapio, macro analyst at Barclays.

A FTSE gauge of Italian stocks slid 1.9 percent in early trading. The country’s largest banks, which are big holders of Italian debt, led the declines, with Intesa Sanpaolo and UniCredit each down about 5 percent.

The ructions in Italian debt also put pressure on other eurozone bond markets, with Greek, Spanish and Portuguese yields also rising.

News

RCMP arrest second suspect in deadly shooting east of Calgary

Published

 on

 

EDMONTON – RCMP say a second suspect has been arrested in the killing of an Alberta county worker.

Mounties say 28-year-old Elijah Strawberry was taken into custody Friday at a house on O’Chiese First Nation.

Colin Hough, a worker with Rocky View County, was shot and killed while on the job on a rural road east of Calgary on Aug. 6.

Another man who worked for Fortis Alberta was shot and wounded, and RCMP said the suspects fled in a Rocky View County work truck.

Police later arrested Arthur Wayne Penner, 35, and charged him with first-degree murder and attempted murder, and a warrant was issued for Strawberry’s arrest.

RCMP also said there was a $10,000 reward for information leading to the arrest of Strawberry, describing him as armed and dangerous.

Chief Supt. Roberta McKale, told a news conference in Edmonton that officers had received tips and information over the last few weeks.

“I don’t know of many members that when were stopped, fuelling up our vehicles, we weren’t keeping an eye out, looking for him,” she said.

But officers had been investigating other cases when they found Strawberry.

“Our investigators were in O’Chiese First Nation at a residence on another matter and the major crimes unit was there working another file and ended up locating him hiding in the residence,” McKale said.

While an investigation is still underway, RCMP say they’re confident both suspects in the case are in police custody.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

News

26-year-old son is accused of his father’s murder on B.C.’s Sunshine Coast

Published

 on

RICHMOND, B.C. – The Integrated Homicide Investigation Team says the 26-year-old son of a man found dead on British Columbia’s Sunshine Coast has been charged with his murder.

Police say 58-year-old Henry Doyle was found badly injured on a forest service road in Egmont last September and died of his injuries.

The homicide team took over when the BC Coroners Service said the man’s death was suspicious.

It says in a statement that the BC Prosecution Service has approved one count of first-degree murder against the man’s son, Jackson Doyle.

Police say the accused will remain in custody until at least his next court appearance.

The homicide team says investigators remained committed to solving the case with the help of the community of Egmont, the RCMP on the Sunshine Coast and in Richmond, and the Vancouver Police Department.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.



Source link

Continue Reading

News

Metro Vancouver’s HandyDART strike continues after talks break with no deal

Published

 on

 

VANCOUVER – Mediated talks between the union representing HandyDART workers in Metro Vancouver and its employer, Transdev, have broken off without an agreement following 15 hours of talks.

Joe McCann, president of Amalgamated Transit Union Local 1724, says they stayed at the bargaining table with help from a mediator until 2 a.m. Friday and made “some progress.”

However, he says the union negotiators didn’t get an offer that they could recommend to the membership.

McCann says that in some ways they are close to an agreement, but in other areas they are “miles apart.”

About 600 employees of the door-to-door transit service for people who can’t navigate the conventional transit system have been on strike since last week, pausing service for all but essential medical trips.

McCann asks HandyDART users to be “patient,” since they are trying to get not only a fair contract for workers but also a better service for customers.

He says it’s unclear when the talks will resume, but he hopes next week at the latest.

The employer, Transdev, didn’t reply to an interview request before publication.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending