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Tag: challenges

Losing DR Congo presidential candidate Martin Fayulu challenges results in court

Losing DR Congo presidential candidate Martin Fayulu challenges results in court

World
Jan. 12 (UPI) -- Martin Fayulu, the runner-up presidential candidate in the Democratic Republic of Congo, has gone to court to challenge the election results. Another opposition candidate, Felix Tshisekedi, was declared the winner Thursday by the electoral commission but Fayulu's coalition said Friday he captured 61 percent of the vote in the Central African nation, Voice of America reported. They cited figures from the Catholic Church, which placed 40,000 election observers across the country. The coalition said Tshisekedi won 18 percent of the vote. The commission's report said Tshisekedi received 39 percent of the vote, Fayulu had 35 and 24 percent went to outgoing President Joseph Kabila's preferred successor Emmanuel Shadary The results from the Dec. 30 election are due to be publis...
US House challenges Trump on shutdown

US House challenges Trump on shutdown

World
Media playback is unsupported on your device The Democrat-controlled US House of Representatives has voted to end a partial government shutdown - but the move looks certain to be vetoed by President Donald Trump.Mr Trump has said he will reject any measure that does not provide funding for his proposed US-Mexico border wall.New House Speaker Nancy Pelosi has branded the wall "an immorality".The measures also require the approval of the Republican-run Senate - but senators have already ruled this out.Senate majority leader Mitch McConnell said Republicans there would not back measures that Mr Trump did not support and called the Democrats' move a "total nonstarter" and a "political sideshow". The impact of the government shutdown How women are ...
Vijay Denanath Baroda Bank: Challenges of the urge to merge

Vijay Denanath Baroda Bank: Challenges of the urge to merge

Finance
NEW DELHI: In August last year, the government asked the 21 public-sector banks (PSBs) to come up with their plans for consolidation. With the proposed merger of Bank of Baroda, Vijaya Bank and Dena Bank — now being jokingly called Vijay Denanath Baroda Bank on social media — the government has taken one more step towards consolidation aimed at creating just a few banks so big that they matter globally. The merger will bring down the number of PSBs to 19. The merger has raised questions due to the health of Dena Bank. Due to its burden of NPAs, it is currently under the Prompt Corrective Action framework of the RBI and has been restrained from further lending. The government believes that the merger would improve the operational synergy and would be better than several entities competing
Now with power to long rule China, Xi beset by challenges

Now with power to long rule China, Xi beset by challenges

World
As China's leaders gather for their annual Yellow Sea retreat, the country's political waters are looking choppy. Chinese President and ruling Communist Party leader Xi Jinping is beset by economic, foreign policy and domestic political challenges just months after clearing his way to rule for as long as he wants as China's most dominant leader since Mao Zedong. Mounting criticism of the Xi administration's policies has exposed the risks he faces from amassing so much power: He's made himself a natural target for blame. "Having concentrated power, Xi is responsible for all policy setbacks and policy failures," said Joseph Cheng, a retired City University of Hong Kong professor and long-time observer of Chinese politics. Notably, Xi used to dominate state-run newspapers' front pages and t...
Comcast challenges Disney with $65B bid for Fox

Comcast challenges Disney with $65B bid for Fox

Technology
Comcast made a $ 65 billion bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company. The bid comes just a day after a federal judge cleared AT&T's takeover of Time Warner and rejected the government's argument that it would hurt competition in cable and satellite TV and jack up costs to consumers for streaming TV and movies. The ruling signaled that Comcast could win regulatory approval, too; its bid for Fox shares many similarities with the AT&T-Time Warner deal. Comcast says its cash bid is 19 percent higher than the value of Disney offer as of Wednesday. The Wall Street Journal and others reported earlier that Comcast had lined up $ 60 billion in cash to challenge Disney for media mogul Rupert Murdoch's company. Disney's ...