General Politics

Pakistan won’t go bankrupt, says President Zardari

Pakistan President Asif Ali ZardariIslamabad, Oct 10: Pakistan President Asif Ali Zardari has said that the country will not go bankrupt due to the ongoing economic crisis.

“Pakistan is not going to bankrupt. It is not a limited company ... We are negotiating with the international community to address the situation,” Zardari said at the launch of Rs 34 billion Benazir Income Support Programme (BISP) at Aiwan-e-Sadr.

Thai protest leaders surrender to police

Bangkok - Top leaders of an anti-government movement that has occupied Thailand's seat of government since August surrendered Friday to police, news reports said, a day after treason charges were dropped against them.

The leaders of the People's Alliance for Democracy (PAD) still face charges of resisting arrest and gathering illegally for the actions of their group, which was involved in deadly clashes with police this week and seized Government House August 26 in its five months of demonstrations aimed at toppling the government.

The treason charges dropped Thursday by Thailand's Appeals Court carried a maximum sentence of death. Under the lesser charges, the nine PAD leaders now face a maximum sentence of seven years in prison if convicted.

Taiwan president calls for peace with China in National Day speech

Taipei - Taiwan President Ma Ying-jeouTaiwan President Ma Ying-jeou, in his National Day speech, called for peace with China under the precondition that Taiwan's sovereign and defence is guaranteed.

Presiding over the first National Day celebration since his May 20 inauguration, Ma said his pursuing peace and expanding exchanges with China has won support from the international community.

Ex-deputy premier calls for coup to solve Thai political stalemate

Former deputy prime minister General Chavalit YongchaiyudhBangkok - Former deputy prime minister General Chavalit Yongchaiyudh has called for a military coup as the only means of solving Thailand's political stalemate, the Bangkok Post reported Friday.

"There is no other way out," said Chavalit, in an exclusive interview with the Bangkok Post, an English-language daily.

"I see a putsch. After the military steps in, power should immediately be returned to the people and an interim government can be formed in which every party takes part," he said.

Peru's entire cabinet offers to resign over corruption allegations

Peru's entire cabinet offers to resign over corruption allegations Lima - The entire Peruvian cabinet handed in their resignations en masse to President Alan Garcia on Thursday over corruption allegations.

Jorge del Castillo, head of the Peruvian Council of Ministers, and all the cabinet members offered to resign at a time when Congress is making progress on a vote of no-confidence against them.

A rare union of opposition legislators is likely to allow the no- confidence vote to pass with 70 votes in favour, when only 61 are required, analysts said.

Barack Obama takes a stunning 11-point lead over John McCain

Barack ObamaWashington, Oct 9: Democratic White House nominee Barack Obama has opened up a stunning 11-point lead over his Republican rival John McCain, his largest edge of the entire campaign, in the latest Gallup Poll.

Obama, whose support has shot up in several national polls since the economic meltdown started dominating the news, now tops McCain 52 to 41 percent, the New York Post reported.

That’s the most support Obama has registered in the survey, taken before Thursday night’s debate.

Pages