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804,000 long-term borrowers are having their student loans forgiven before payments resume this fall
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Traders Rushing to Undo Massive Bets Whipsaw European Gas Prices
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2023-06-26 13:16
Asian markets fluctuate as US inflation data looms
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Greece prime minister Mitsotakis hails election victory as ‘political earthquake’
Greek prime minister Kyriakos Mitsotakis hailed his party’s victory in the parliamentary elections as a “political earthquake” after the conservatives secured a smashing win but fell short of forming a majority. With most votes counted after the election on Sunday, the ruling New Democracy party has secured a commanding lead with 40.8 per cent of the votes, while the previous governing party, Syriza, trailed far behind with 20.1 per cent for the 300-seat Hellenic Parliament. However, Mr Mitsokais’s party fell just short of the majority required to form a government on its own, as the fate of the new government still hangs in limbo. According to projections by Greece's interior ministry, New Democracy is expected to win 145 seats in parliament, which is six seats shy of an absolute majority. Starting from Monday, Greek president Katerina Sakellaropoulou will give the top three parties - New Democracy, Syriza, and the Socialist PASOK – three days each to attempt to form a coalition government. If all three parties fail, Ms Sakellaropoulou will appoint a caretaker government to prepare for new elections to be held approximately a month later. Without Mr Mitsotakis, the numbers for potential coalitions do not add up, as Syriza has 72 seats, PASOK has 41 seats, the Communist KKE party has 26 seats, and the right-wing Hellenic Solution party has 16 seats. The KKE party has already stated that it will not participate in any alliance, while the Hellenic Solution party has been critical of both New Democracy and Syriza. Mr Mitsotakis, who served as prime minister and leader of the New Democracy leader, had expressed his desire for a strong one-party government, but he believes that the election results provide a clear mandate. Addressing supporters outside party headquarters in Athens, Mr Mitsotakis called his party’s victory a “political earthquake”. "The ballot results are decisive. They show that New Democracy has the approval of the people to rule, strong and autonomous." This victory for Mr Mitsotakis is quite significant, as his administration faced numerous challenges, including a wiretapping scandal, the Covid-19 pandemic, a cost of living crisis, and a fatal rail crash that sparked public outrage. However, it comes as a significant setback for Syriza and its leader Alexis Tsipras, who rose to power in 2015 on the wave of public dissatisfaction with other parties' handling of the debt crisis that severely impacted Greece's economy for over a decade. The MeRA25 movement, led by former Syriza finance minister Yanis Varoufakis, failed to secure any seats in parliament. Mr Tsipras, who congratulated Mr Mitsotakis on his win, noted that the race is not over and talked about the possibility of a second election. “Battles have wins, and losses,” he said. “The electoral cycle has not ended yet ... it is very possible there will be a second election.” Greece faced the threat of a eurozone exit during the height of its debt crisis in 2015, leading to the country accepting a third bailout under Mr Tsipras' leadership. Mr Mitsotakis, elected in 2019, focused his campaign on improving the financial conditions of the Greek people, promising to raise wages and pensions that were cut during the crisis. Panos Koliastasis, an adjunct assistant professor of politics at the University of Peloponnese, attributed Mitsotakis' victory to his emphasis on addressing financial concerns and his clear proposal for an autonomous government. “He also had a clear proposal of (how) he will be in power - that of an autonomous government,” he said. “The alternative of Syriza, of a coalition government, wasn’t that realistic because others refused to cooperate.” The elections in Greece are held every four years to determine the composition of the 300-seat parliament. Additional reporting by agencies Read More Focus on coalition horse-trading as Greek election looks unlikely to deliver a strong winner Out of bailout spotlight, Greeks feeling recovery pains at election Daughters’ desperate plea after British grandmother vanishes on Greek island Polls open in Greece's first election since international bailout spending controls ended Focus on coalition horse-trading as Greek election looks unlikely to deliver a strong winner Out of bailout spotlight, Greeks feeling recovery pains at election
2023-05-22 14:52
Rodgers targets European impact in second spell at Celtic
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2023-06-24 01:53
Annecy knife attack suspect detained - prosecutor
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2023-06-10 23:55
Rodgers' return to Jets' facility provides a lift as Saleh issues a challenge to coaches, players
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2023-11-28 07:29
USMNT names 24-player roster for Concacaf nations league matches
United States men’s national team head coach Gregg Berhalter named the 24-player roster for the upcoming Concacaf Nations League Quarterfinals matches against Trinidad & Tobago, with Gio Reyna and Folarin Balogun headline the squad.
2023-11-10 04:21
Top Twitter engineer quits after DeSantis campaign launch fiasco
A top engineer at Twitter has announced he is quitting his role with the company following the glitch-ridden launch of Florida governor Ron Desantis’s 2024 presidential campaign on the social media platform. “After almost four incredible years at Twitter, I decided to leave the nest yesterday,” Foad Dabiri, who was an engineering chief at Twitter, tweeted on Thursday. The Twitter engineer’s exit from the company comes a day after Mr DeSantis’s long-anticipated 2024 campaign bid for the White House on a Twitter livestream. Mr DeSantis’s campaign launch announcement on Twitter Spaces – the platform’s audio group-chat feature – was marred by a a host of glitches, including long silences and persistent echoes. The Twitter app reportedly crashed for several users who tuned in to listen to the announcement and at one point the Republican governor himself disappeared from the livestream. Mr Musk – who had boasted about several overhauls to the microblogging site since his takeover of the company to make Spaces better – shut the initial Spaces event and started a new one. The second event where Mr DeSantis read a short speech, reportedly gathered fewer listeners than the first, attracting about 161,000 people, according to Twitter’s public-facing data. The buggy event, according to many users on the social media platform, is a reflection of how Twitter under Mr Musk is far from operating smoothly. Since Mr Musk’s takeover of Twitter, he has laid off nearly three-fourths of the company’s workforce, following which the platform has faced several technical issues. Earlier this week, a bug caused tweets deleted by some users in the past to resurface on their timelines, and weeks earlier, many users complained that they were unable to post images and share external links. Mr Dabiri was the engineering lead at Twitter’s Growth Organisation. He tweeted on Thursday that during his stint with the company, he “experienced two distinct eras” before and after Mr Musk’s takeover. “And then came ‘2.0.’ What an extraordinary journey it has been. To say it was challenging at the outset would be an understatement,” Mr Dabiri said. The engineering chief however did not comment on why he was leaving Twitter, and whether it is linked to the problems with the DeSantis livestream. Both Twitter and Mr Dabiri did not immediately respond to The Independent’s request for comment. “Working with Elon Musk has been highly educational, and it was enlightening to see how his principles and vision are shaping the future of this company,” he tweeted. Read More Ron DeSantis news – live: DeSantis floats pardoning Trump and Jan 6 rioters after ‘train wreck’ Twitter launch AOC jokes more people watched her gaming online than listened to glitch-ridden DeSantis launch DeSantis pushes past embarrassing campaign start, outlines travel schedule for early state visits AOC jokes more people watched her gaming online than listened to DeSantis launch What is Twitter Spaces and why did it go so wrong during DeSantis’s 2024 launch? What are Elon Musk’s political beliefs?
2023-05-26 16:52
How many children does Mark Zuckerberg have? Meta CEO takes family to Taylor Swift's Eras tour concert
Mark Zuckerberg was seen sporting rhinestones on his face as he took photos with his family at the concert
2023-07-30 19:46
Mexico's core inflation to fall to lowest level since late 2021 in August: Reuters poll
MEXICO CITY Mexican inflation likely slowed in August for the seventh straight month, with the closely watched core
2023-09-06 04:24
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