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Tag: surge

Italy election: Populist surge prompts political deadlock

Italy election: Populist surge prompts political deadlock

World
Italy is on course for a hung parliament after voters backed right-wing and populist parties, projections based on partial results suggest.The Eurosceptic, anti-establishment Five Star Movement has won the lion's share of the vote.But ex-PM Silvio Berlusconi's right-wing coalition, which includes the far-right League, looks set to win the most seats in the lower house of parliament.Forming a government may now take weeks of negotiation and coalition-building.Alternatively, fresh elections could be held in a bid to produce a more decisive result - though there is no guarantee that would happen. Provisional results show Five Star garnering 31.6% of the vote, while the League received 18.2% of the vote and Silvio Berlusconi's Forza Italia 13.8%.Matteo Renzi's ruling Democratic Party (DP) onl...
China's new loans in Jan surge to record 2.9 trillion yuan, blow past forecasts

China's new loans in Jan surge to record 2.9 trillion yuan, blow past forecasts

Finance
China's banks extended a record 2.9 trillion yuan ($ 458.3 billion) in new yuan loans in January, blowing past expectations and nearly five times the previous month as policymakers aim to sustain solid economic growth while reining in debt risks.While Chinese banks tend to front-load loans early in the year to get higher-quality customers and win market share, the lofty figure was even higher than the most bullish forecast by economists in a Reuters poll.Net new loans surpassed the previous record of 2.51 trillion yuan in January 2016, which is likely to support growth not only in China but may underpin liquidity globally as major Western central banks begin to withdraw stimulus.Analysts polled by Reuters had predicted new yuan loans of 2 trillion yuan, up sharply from December's 584.4 bil...
Puerto Rico fears post-Maria murder surge: 11 days, 32 slain

Puerto Rico fears post-Maria murder surge: 11 days, 32 slain

World
Before the sun rose on the first day of 2018, someone called 911 to report the charred, bullet-riddled body of a man with a snake-like tattoo on his left hand, lying beside a road in the Puerto Rican town of Vega Baja. The next day, two men were found dead with their feet and hands bound in Bayamon, a working-class city southwest of the capital. Another man was shot to death before dawn in nearby Vega Baja while trying to stop thieves from stealing his generator. Thirty-two people have been slain in Puerto Rico in the first 11 days of the year, double the number killed over the same period in 2017. If the surge proves to be more than just a temporary blip, January could be the most homicidal month on the island in at least two years, adding a dangerous new element to the island's recovery...
Record surge in atmospheric CO2 seen in 2016

Record surge in atmospheric CO2 seen in 2016

Science
Concentrations of CO2 in the Earth's atmosphere surged to a record high in 2016, according to the World Meteorological Organization (WMO). Last year's increase was 50% higher than the average of the past 10 years. Researchers say a combination of human activities and the El NiƱo weather phenomenon drove CO2 to a level not seen in 800,000 years.Scientists say this risks making global temperature targets largely unattainable.This year's greenhouse gas bulletin produced by the WMO, is based on measurements taken in 51 countries. Research stations dotted around the globe measure concentrations of warming gases including carbon dioxide, methane and nitrous oxide. The figures published by the WMO are what's left in the atmosphere after significant amounts are absorbed by the Earth's "sinks", wh
Twitter shares surge as it eyes first profit

Twitter shares surge as it eyes first profit

Technology
Shares in Twitter have risen sharply after the company said it could be on course to turn its first-ever quarterly profit.Wall Street cheered results for the three months to the end of September that suggested its drive to cut expenses and find new sources of revenue were bearing fruit.Twitter shares have performed woefully since it made its stock market debut in 2013 but they jumped 18% on Thursday as the company looked on the verge of delivering a profitable bottom line.It was the most notable winner on a day when other tech heavyweights - Google owner Alphabet, and Amazon - also posted well-received quarterly results.Twitter has struggled to capitalise on its popularity with public figures such as Donald Trump to attract more users and advertisers away from competitors such as Facebook ...