- Global stocks struggle after Fed signals slower rate cuts
- UK economy slows, hitting government growth plans
- Primary schools empty as smog persists in Indian capital
- Palestinians turn to local soda in boycott of Israel-linked goods
- Typhoon Man-yi bears down on Philippines still reeling from Usagi
- UK growth slows in third quarter, dealing blow to Labour government
- Chris Wood hits quickfire double in NZ World Cup qualifying romp
- Markets struggle at end of tough week
- China tests building Moon base with lunar soil bricks
- Film's 'search for Palestine' takes centre stage at Cairo festival
- Oil execs work COP29 as NGOs slam lobbyist presence
- Gore says climate progress 'won't slow much' because of Trump
- 'Megaquake' warning hits Japan's growth
- Stiff business: Berlin startup will freeze your corpse for monthly fee
- Wars, looming Trump reign set to dominate G20 summit
- Xi, Biden attend Asia-Pacific summit, prepare to meet
- Kyrgios to make competitive return at Brisbane next month after injuries
- Dominican Juan Luis Guerra triumphs at 25th annual Latin Grammys
- Landslide win for Sri Lanka president's leftist coalition in snap polls
- Australian World Cup penalty hero Vine takes mental health break
- As Philippines picks up from Usagi, a fresh storm bears down
- Tropical Storm Sara pounds Honduras with heavy rain
- Pepi gives Pochettino win for USA in Jamaica
- 'Hell to heaven' as China reignite World Cup hopes with late winner
- Rebel attacks keep Indian-run Kashmir on the boil
- New Zealand challenge 'immense but fantastic' for France
- Under pressure England boss Borthwick in Springboks' spotlight
- All Blacks plan to nullify 'freakish' Dupont, says Lienert-Brown
- TikTok makes AI driven ad tool available globally
- Japan growth slows as new PM readies stimulus
- China retail sales pick up speed, beat forecasts in October
- Asian markets fluctuate at end of tough week
- Gay, trans people voicing -- and sometimes screaming -- Trump concerns
- Argentina fall in Paraguay, Brazil held in Venezuela
- N. Korean leader orders 'mass production' of attack drones
- Pakistan's policies hazy as it fights smog
- Nature pays price for war in Israel's north
- New Zealand's prolific Williamson back for England Test series
- Mexico City youth grapple with growing housing crisis
- After Trump's victory, US election falsehoods shift left
- Cracks deepen in Canada's pro-immigration 'consensus'
- Xi inaugurates South America's first Chinese-funded port in Peru
- Tyson slaps Paul in final face-off before Netflix bout
- England wrap-up T20 series win over West Indies
- Stewards intervene to stop Israel, France football fans clash at Paris match
- Special counsel hits pause on Trump documents case
- Japan's Princess Mikasa, great aunt to emperor, dies aged 101
- Cricket at 2028 Olympics could be held outside Los Angeles
- Trump names vaccine skeptic RFK Jr. to head health dept
- Ye claims 'Jews' controlling Kardashian clan: lawsuit
CMSC | -0.24% | 24.55 | $ | |
SCS | -0.75% | 13.27 | $ | |
BP | 1.65% | 29.05 | $ | |
GSK | -2.09% | 34.39 | $ | |
BCC | -1.57% | 140.35 | $ | |
RBGPF | 100% | 61.84 | $ | |
NGG | 0.4% | 62.37 | $ | |
BCE | -1.38% | 26.84 | $ | |
AZN | -0.38% | 65.04 | $ | |
RIO | -0.31% | 60.43 | $ | |
CMSD | -0.02% | 24.725 | $ | |
RYCEF | -4.71% | 6.79 | $ | |
JRI | -0.23% | 13.21 | $ | |
VOD | -0.81% | 8.68 | $ | |
RELX | -0.37% | 45.95 | $ | |
BTI | 0.2% | 35.49 | $ |
Berlusconi pulls out of Italian presidential race
Billionaire former premier Silvio Berlusconi announced Saturday he will not run for Italy's presidency, ending his improbable candidacy two days before voting begins in parliament.
The 85-year-old has been campaigning behind the scenes for weeks to replace outgoing President Sergio Mattarella, although few analysts believed he had enough support to win.
In a statement as he held a virtual meeting with fellow right-wing leaders, Berlusconi insisted he had the numbers, but in the spirit of "national responsibility", said he had asked those who put forward his name to withdraw it.
"Today, Italy needs unity," he said, noting the ongoing coronavirus pandemic, adding: "I will continue to serve my country in other ways."
The leading candidate for the presidency remains Prime Minister Mario Draghi, the former European Central Bank chief who has led Italy's national unity government for the last year.
However, Berlusconi, whose Forza Italia party is in the government, repeated his desire for Draghi to stay where he is until general elections scheduled for 2023.
"I consider it necessary for the Draghi government to complete its work until the end of the legislature," he wrote in the statement issued by his spokesman.
That way it could implement reforms to the tax and justice systems and public administration promised in return for billions of euros in European Union post-virus recovery funds, he said.
Instead, Berlusconi said he would work with Matteo Salvini of the anti-immigration League party and Giorgia Meloni of the far-right Brothers of Italy to agree a name that can find "broad consensus".
Members of an electoral college comprising more than 1,000 MPs, senators and regional representatives will begin voting Monday for the new president.
In the first three rounds of voting, each of which will take a day, the winning candidate must secure two-thirds of the vote. From the fourth round, they only need an absolute majority.
Italy's president is a largely ceremonial position but plays a crucial arbitrating role during political crises and wields significant political influence over their seven-year term.
H.Gonzales--AT