News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

Portugal PM Calls Confidence Vote He'll Likely Lose, Election Looms

The proposal for a confidence vote comes as the prime minister's minority government faces intense opposition from main parties, with a third early election since 2022 on the cards. If the motion fails, Montenegro risks losing his position, and President Marcelo Rebelo de Sousa will decide whether to dissolve parliament and call fresh elections, which many analysts consider likely. The president stated he would meet with the ruling parties and consultative Council of State after the vote to make a decision on the election calendar.

See Also

Portugal's Politics Teeters on Brink as Parliament Votes on Confidence Motion Δ1.94

Portugal's cabinet has decided to proceed with a motion of confidence in the centre-right government, despite opposition from main parties, and a parliamentary vote is expected next Tuesday. The proposed vote, which Prime Minister Luis Montenegro announced on Wednesday, risks his own dismissal and an early election. A rejection by lawmakers would lead to the government's fall, triggering a caretaker period before President Marcelo Rebelo de Sousa decides on dissolving parliament and calling fresh elections.

Guinea-Bissau President to Run for Second Term, Backtracking on Vow to Step Down Δ1.78

Guinea-Bissau's President Umaro Sissoco Embalo has announced his candidacy for a second term in November, contradicting previous commitments to step down, which is likely to exacerbate political tensions regarding the timing of elections. The opposition argues that his current term expired in February, while the Supreme Court has declared it runs until September. Embalo's decision follows postponed elections originally set for November 2024, creating uncertainty in a country historically plagued by political instability and coup attempts.

Portugal's Strong External Financial Position Leads to Credit Upgrade Δ1.76

Global ratings agency S&P upgraded Portugal to "A" from "A-" with a positive outlook, citing improvements in the country's external financial position and reduced liquidity risks. Despite geopolitical uncertainty, particularly around potential U.S. tariffs on the EU, S&P remains optimistic about Portugal's economic growth. The rating agency expects Portugal's government debt reduction to be slow in 2025-2028 as inflation dwindles and economic growth rates normalize.

Austrian Liberals Hold Party Vote Crucial to Future Coalition Government Δ1.75

Beate Meinl-Reisinger, leader of Austria's small, liberal Neos party, called on party members to make history on Sunday and support what she sees as a move supporting liberal democracy as they voted on whether to join a proposed coalition government. Three centrist parties announced coalition deal last week; Neos members must approve the deal to join next government if they do not, two-party coalition has one-seat majority. Government to be sworn in on Monday after historic wait.

How Does the Canada General Election Work? A Simple Guide Δ1.75

Canada's federal elections are governed by a "first-past-the-post" electoral system, where voters select candidates in 343 ridings, and the party with the most elected MPs typically forms the government. The next election is scheduled for October 20, 2025, but can be called earlier if the prime minister resigns or loses a confidence vote, as is currently anticipated following Justin Trudeau's resignation. The political landscape is shifting, with the Conservative Party gaining momentum amid trade tensions with the United States, potentially leading to a tighter race.

Uruguay's Left-Wing Return to Power Brings Uncertainty and Opportunities Δ1.74

Uruguay's new president, Yamandu Orsi, is set to take office on Saturday after a left-wing government returned to power, marking a shift away from the right-wing trend in Latin America. Orsi's Broad Front party has tapped into voter concerns about violent crime and inequality, promising "safe change" to contrast with more polarizing figures in the region. The new administration will inherit an economy expected to grow 2.5% this year, with unemployment below pre-Covid levels.

Biden's Economy Under Fire: Will Confidence Recover? Δ1.74

Voters are suddenly feeling gloomier than they have in months, despite President Biden's initial promise of an economy in shambles being rebranded as a "resurgence". Consumer confidence has plummeted to the lowest level since last June, with pessimism about the future returning. The Conference Board's index is now near depressed levels of 2022, when inflation was raging.

Ukrainian Opposition Leaders Dismiss Idea of Wartime Election Δ1.74

Ukrainian opposition leaders have dismissed the idea of holding a wartime election, after a media report of contacts between them and U.S. officials and in the wake of President Donald Trump calling his Ukrainian counterpart Volodymyr Zelenskiy a "dictator" for not holding one. The opposition leaders believe that elections should only take place after peace has been established, with Yuliia Tymoshenko stating that elections should not happen before a just peace is secured. Despite the proposal from Trump to hold wartime elections, Ukrainian President Zelenskiy remains committed to offering to vacate his post in exchange for peace and NATO membership.

Protesters Target Tesla and Elon Musk in Portugal Ahead of Snap Election Δ1.73

Dozens of demonstrators gathered at the Tesla showroom in Lisbon on Sunday to protest against CEO Elon Musk's support for far-right parties in Europe as Portugal heads toward a likely snap election. Musk has used his X platform to promote right-wing parties and figures in Germany, Britain, Italy and Romania. The protesters are concerned that Musk's influence could lead to a shift towards authoritarianism in the country.

Western Australia Polls to Test Popularity of Albanese's Party Δ1.73

The state of Western Australia will hold its final political contest before Prime Minister Anthony Albanese calls a national election, with the outcome expected to influence his re-election prospects. Albanese's Labor party is widely favored to win, but the conservative opposition Liberal party hopes to weaken their grip on power and pressure the Prime Minister. The ruling party has maintained a strong presence in the state parliament, with Premier Roger Cook likely to secure a third consecutive term.

Romanian Far-Right Candidate Barred From May Presidential Vote Δ1.73

The rejection of Calin Georgescu's candidacy in Romania's presidential election re-run has significant implications for the country's democratic process and the role of populism in European politics. The ruling party has long been accused of suppressing opposition voices, and this move may further erode trust in the electoral system. Georgescu's supporters have condemned the decision as undemocratic and are likely to challenge it at the constitutional court.

Greek Government Faces No-Confidence Vote Over Deadly 2023 Train Crash Δ1.73

The Greek government faces a no-confidence vote this week over a deadly 2023 train disaster, days after protests brought the country to a standstill to press their demands for political accountability. Hundreds of thousands of people took to the streets on Friday to mark the second anniversary of the country's worst rail crash, demanding justice for the victims. Fifty-seven people, most of them students, were killed in the disaster.

Myanmar Junta Announces Election Timeline Δ1.73

Myanmar's military government will hold a general election in December 2025 or January 2026, according to the junta chief, marking a significant milestone in the country's turbulent transition. The election promises to be a crucial test of the junta's legitimacy and ability to restore order in Myanmar, which has been plagued by turmoil since a military coup in early 2021. The announcement has raised hopes among opposition groups, who have long called for free and fair elections.

Rachel Reeves' Plan for Economic Stability Faces Challenges Δ1.73

The UK Chancellor will unveil her Spring Statement on 26 March, presenting an update on economic forecasts and making key announcements about borrowing, spending, and taxation. The Office for Budget Responsibility's forecast is expected to confirm that the financial buffer set by the chancellor has been wiped out, leaving room for potential policy changes. The government is under pressure to address sluggish economic growth and rising inflation, with some reports suggesting possible tax rises or spending cuts.

Harris Set to Make Decision on California Governor Bid by Summer's End Δ1.73

Kamala Harris has given herself a deadline to decide whether to run for governor of California, with a clear indication that she plans to make a decision in the coming months. According to sources close to the former vice president, Harris is considering a bid to succeed Gavin Newsom and believes a win would likely take her out of the 2028 presidential race. As Harris prepares to make a final decision, allies are keeping their options open, with several top Democratic candidates already reassessing their own bids.

Trump Moves Quickly to Redefine America Δ1.73

The White House has accelerated its legislative agenda in recent weeks, with President Trump addressing France, Britain, Ukraine, and taking steps towards a potential government shutdown. Trump's rapid-fire approach to policy changes has raised concerns among critics that something might get broken in the process. The President's Joint Address to Congress next week is expected to be a pivotal moment in his legislative agenda.

Brazil's Finance Minister Isolated as Market Fears of a Leftist Pivot Mount Δ1.73

Brazil's recent cabinet reshuffle has diminished Finance Minister Fernando Haddad's support, raising concerns over President Luiz Inacio Lula da Silva's commitment to moderate fiscal policies amidst a push for increased state spending. Haddad's moderate approach faces internal opposition from Lula's inner circle, particularly with the appointment of Gleisi Hoffmann, a proponent of expansive fiscal measures, as the new minister of Institutional Relations. As inflation pressures grow and the political landscape shifts toward populism, Haddad’s ability to maintain fiscal discipline appears increasingly precarious.

Guinea-Bissau President Threatens to Expel ECOWAS Mission, Bloc Says Δ1.73

Guinea-Bissau's President Umaro Sissoco Embalo threatened to expel a political mission sent to his country by the Economic Community of West Africa States (ECOWAS) in response to a dispute over his presidential term. The dispute has heightened tensions that risk unrest in a nation with a history of military coups, which have undermined its democratic institutions. ECOWAS had deployed a mission from February 21 to 28 to help reach a consensus on how to conduct an election this year.

Haiti's Leadership Transition Amid Ongoing Conflict Δ1.72

Fritz Alphonse Jean took over as Haiti's transitional president in a friendly ceremony, marking a departure from the more fraught transition that occurred in October when the first president refused to sign the transition decree over an unresolved corruption scandal. The country is currently battling a devastating conflict with armed gangs, forcing hundreds of thousands of people to flee their homes and resulting in over 1 million internally displaced persons. Jean's commitment to hold long-delayed elections by a February 7, 2026 constitutional deadline is seen as a positive step towards stability.

Tougher Calls Ahead: Five Questions for the ECB Δ1.72

The European Central Bank is poised to cut rates again, yet uncertainty looms over future monetary policy amid various economic pressures, including U.S. tariffs and a changing German government. Investors anticipate a bumpy path for rate cuts, with debates intensifying among policymakers regarding the pace of future reductions. This complex landscape raises critical questions about how external factors, such as tariffs and geopolitical shifts, will influence the ECB's decisions moving forward.

Germany's Merz and SPD Clear First Hurdle to Forming Coalition Δ1.72

Friedrich Merz's conservatives and the Social Democrats (SPD) have successfully concluded preliminary coalition talks, emphasizing a commitment to stricter measures on illegal migration and economic growth. Merz aims for Germany to achieve 1-2% growth after two years of contraction while increasing military spending and state borrowing to revive the economy. The next phase involves negotiations with the Green party, which will be crucial for passing proposed fiscal measures.

German Lawmakers Set Timetable in Race for Borrowing Bonanza Δ1.72

German lawmakers are set to debate a 500-billion-euro infrastructure fund and significant changes to state borrowing rules aimed at boosting defense spending and economic growth, with votes scheduled before the formation of a new parliament. The proposed reforms reflect a dramatic shift from Germany's traditional fiscal conservatism, driven by increasing geopolitical tensions and a perceived need for improved national security. However, these measures face potential roadblocks from far-right and radical-left factions that may gain more influence in the newly elected parliament.

Trump Put Looms as S&p Reverses Election Rally, Bofa Says Δ1.72

The S&P 500's reversal of its post-election rally has sparked concerns that President Donald Trump may intervene to support the market, according to Bank of America Corp. strategists. Investors are watching for signs of government intervention as the benchmark has slipped almost 3% this month on worries about Trump's proposed tariffs. The benchmark is now just about 1% from its closing level of 5,783 points on November 5, the day of the Presidential election.

South Korean Police Prepare for 'Worst-Case Scenarios' Ahead of Yoon Impeachment Ruling Δ1.72

The Constitutional Court's decision on President Yoon Suk Yeol's impeachment is expected to spark significant unrest, with authorities preparing for the worst. As tensions rise, police are taking extraordinary measures to ensure public safety, including closing subway stations and schools near the court. The National Police Agency has set up plans considering the most extreme scenarios, which could lead to violent clashes between supporters and opponents.

Italy Calls for Summit Between U.s. and Europeans, Says Divisions Make West Weaker Δ1.72

Italy's Prime Minister Giorgia Meloni has proposed an immediate summit involving the United States and European nations to discuss how to address global challenges, starting with Ukraine, amid rising tensions within the Western alliance. The summit aims to bring together leaders from both sides to find common ground and strengthen cooperation. This move seeks to revitalize a sense of unity among West's nations.