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Evo Morales has stepped down as Bolivia’s president after almost 14 years in power, following pressure from the chief of the armed forces and a string of resignations over a contested election that led to weeks of unrest. “I am resigning,” Mr Morales said in a televised address from his stronghold in the coca-growing region
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Deepti Kapoor was pushing 40 and her writing career had struggled to rise above the ordinary. Her first novel, A Bad Character, was published in 2014 and sold fewer than 2,000 copies. Ms Kapoor freelanced for websites like HuffPost, writing blog posts such as “I was a party girl, but yoga saved me from myself”.
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India’s Supreme Court has cleared the way for a Hindu temple to be built at the country’s most contested religious site in Ayodhya, the culmination of a decades-long legal dispute that has inflamed tensions between India’s Muslim minority and Hindu majority. Calls to build a temple on the site have become a rallying cry for
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Indian stocks wobbled on their record-high perch after Moody’s lowered its outlook for the country to negative, citing concern over a deepening economic slowdown and insufficient government action. The New York-based credit rating agency said it was less confident about the government’s ability to manage the slowdown, which has seen growth in gross domestic product
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Lionel Barber, in his article about Brexit and beyond (“The point of departure”, Life & Arts, November 2), refers to “Singapore-style deregulation”. Camilla Cavendish made a similar reference to light regulation in her column the previous week. The current government also mouths its intention to be “Singapore on steroids”. Having lived and worked in Singapore
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China and the US have agreed in principle to remove some tariffs imposed over the course of the trade dispute between the two countries, China’s commerce ministry said on Thursday without giving specifics. “The two top negotiators . . . agreed that they would like to remove some of the additional tariffs in phases,” Chinese commerce ministry spokesperson Gao
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Baidu recorded stronger revenue than forecast in the September quarter amid growth in video streaming, sending US-listed shares more than 5 per cent higher. The company’s third-quarter revenue was Rmb28.1bn ($4bn), down slightly year-over-year but ahead of analysts’ estimate for Rmb27.5bn, according to Bloomberg. Revenue grew 7 per cent sequentially “in spite of the softening
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SoftBank reported a quarterly net loss of ¥700bn ($6.4bn) after its outsized investment in crisis-hit property group WeWork soured, jeopardising Masayoshi Son’s ambitions to launch another $100bn investment fund.  The dismal results on Wednesday came two weeks after SoftBank agreed to a $9.5bn package to rescue the US office-sharing group following an aborted attempt to
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Match Group, which owns a family of dating apps including Tinder and OKCupid, issued a disappointing revenue outlook for the December quarter and set out costs connected to its mooted spin-off from parent company IAC, sending its shares lower on Tuesday. The company, whose portfolio also includes its namesake website Match.com, said it expects fourth-quarter
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Swedish private equity firm EQT has said it is avoiding making too much use of leverage when buying and refinancing companies, in part because of the prospect of a recession. The group’s chief financial officer Kim Henriksson said “leverage is at high levels right now” in the industry as a whole. “What we’re trying to
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After a jam-packed week of corporate earnings and economic data, the news flow slows in the week ahead with investors closely watching a decision from the Bank of England and remarks from a handful of Fed speakers. On the earnings front, Disney is set to grab investor attention. Here’s what to watch in the coming
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Saudi Aramco launched its long-awaited initial public offering on Sunday after delays triggered by doubts over the ability of the world’s most profitable company to secure the $2tn valuation coveted by Crown Prince Mohammed bin Salman. The listing of the state energy firm is the centrepiece of Prince Mohammed’s ambitious plan to overhaul Saudi Arabia’s
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Scotland’s first minister has accused Boris Johnson and Jeremy Corbyn of being afraid to debate her, following news that the Scottish National party will be left out of a televised election debate. At a rally for Scottish independence in Glasgow’s George Square on Saturday, Nicola Sturgeon, the SNP leader, said the December 12 election was
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The UK has called a halt to fracking after a new report found it was impossible to predict “the probability or magnitude of earthquakes” caused by the shale gas extraction technique. The decision comes at the start of an election campaign where opposition parties are set to make environmental issues central to their attacks on
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Police investigating the discovery of 39 bodies in a refrigerated truck trailer in south-east England on Friday said they believed the victims were Vietnamese and that they thought they had identified some of the dead. Essex Police made the announcement shortly after saying that a second man had been charged over the deaths. The bodies
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Even in an Irish border region that over the decades has seen its share of violence and brutality, the attack on businessman Kevin Lunney shocked many — not least because of the shadow cast by republican paramilitaries. In September, masked men seized Mr Lunney from his car near his home in County Fermanagh in Northern Ireland. He was
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The House of Representatives has voted to start a public phase in the impeachment inquiry, setting the stage for dramatic open hearings about President Donald Trump’s efforts to pressure his Ukrainian counterpart to investigate political opponents.  The measure passed 232-196, supported by all but two Democrats and opposed from almost all 197 Republicans. It paves the
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Jeremy Corbyn, the Labour leader, will set the tone of his election campaign on Thursday with a direct attack on “the privileged few” who benefit from a “corrupt system”, naming individual millionaires whom the UK opposition party wants to target. Mr Corbyn will promise to “go after” the Duke of Westminster, the landowner, Mike Ashley, the retail
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FT subscribers can click here to receive FirstFT every day by email. President Sebastián Piñera announced on Wednesday that Chile would no longer host next month’s summit of leaders from the Asia-Pacific region, disrupting plans by Donald Trump and Xi Jinping to sign a trade war truce at the gathering.  The Chilean president was forced to cancel the
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Deutsche Bank’s fixed income trading unit trailed well behind rivals during the third quarter in the latest sign of the steep hurdles Germany’s biggest lender faces in its efforts to turn round the fortunes of its investment bank. Revenue in fixed income trading — by far the biggest remaining unit of Deutsche’s downsized investment bank
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UBS has become the first foreign bank to sponsor an initial public offering on China’s new tech-focused Star Market, where underwriters are required to invest in the listings they bring to the market. Shares in Shanghai Haohai Biological Technology, which raised more than Rmb1.5bn ($192m) in an IPO last week, will start trading on the
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BP’s third-quarter earnings dropped by 41 per cent compared to a year ago after the UK energy major was hit by lower prices, an impairment charge and a fall in production because of maintenance and weather effects. In the three months to September 30, underlying replacement cost profits — BP’s definition of net income and
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Chile’s president has brought a string of new ministers into his government as he responds to mass protests over inequality in one of Latin America’s richest countries. President Sebastián Piñera’s cabinet reshuffle follows the lifting of curfews and a state of emergency at the weekend. It is the biggest set of changes in Mr Piñera’s
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