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Guinea's presidential vote is expected to cement Doumbouya rule
Guinea began voting in the presidential election on Sunday. It is widely expected that Mamady Doumbouya will be given a seven-year term, ending the transition of West African nation back to civil rule. Former Special Forces commander Alpha Conde, who is believed to be in early 40s, will face?eight?other candidates, in a field that has no clear challenger. Former President Alpha Conde, and longtime leader of the opposition Cellou DaleinDiallo are still in exile. In Conakry's capital, the polling stations opened promptly at 7 am (0700 GMT), with some minor delays as people queued outside. Some voters referred to the election as an insignificant formality, and said the result was a given. The most important thing for me is to see the country return to normal. I'm pragmatic. Moussa Kabab, a shopkeeper from Nairobi, said: "I voted for the person who was in office and ensured the continuity of state." Around 6.7 million voters are registered and the polls were scheduled to close at 6:00 p.m. (1600 GMT). Provisional results should be available within 48-72 hours after polls closed. BAUXITE AND IRON ORE RICH Guinea has the largest bauxite deposits in the world and the richest iron ore deposit, Simandou. It was officially launched at the end of last month following years of delays. Doumbouya claims credit for ensuring Guinea gains from the project and its progress. In the wake of a dispute over a refinery, his government revoked this year the license?of Guinea Alumina Corporation's subsidiary Emirates Global Aluminium. The assets were transferred to a state owned firm. His popularity has been boosted by the rise of resource nationalism, which has also been seen in Mali, Burkina Faso, and Niger. It has also helped that he is relatively young, given that the average age for a person living in this country is around 19. Mohamed Kaba is a mechanic from Conakry. He said: "For us, young people, Doumbouya offers the chance to retire the old political class." "There's a lot going on right now in terms of corruption, but I do hope that these things can be resolved." DOUMBOUYA IS EXPECTED ENTRENCH POWER Benedict Manzin is the lead Middle East and Africa Analyst at Sibylline. Manzin said that he was likely to "position his allies and associated to benefit from expected economic boom associated" with the launch at Simandou. After the coup, a transition charter was adopted that prohibited junta leaders from running in elections. In September, Guineans approved a new constitution that removed this clause, extended presidential terms to seven-years, and created a Senate. The official results show that 92% of voters turned out to vote, but opposition figures dispute this. Abdoulaye Barry, an engineer in the civil service, announced on Sunday that he will not vote. He lamented that "the country is allowing a person who swore to not run to do so". ACTIVITIES OF THE OPPOSITION RESTRICTED IN A CAMPAIGN Under Doumbouya, the political debate has been muted. Civil society groups have accused his government of limiting press freedom, preventing protests and limiting opposition activities. Volker Turk, U.N. Rights chief, said that the campaign period "has been severely limited, marked by intimidation against opposition actors, apparent politically motivated enforced disappeared, and restrictions on media freedom". The conditions in place "risk undermining credibility of the electoral process," Turk added. The government has not responded to a comment request. Doumbouya remained low-key during the campaign and left it to his supporters and officials to present his case. He skipped the speech at a Conakry closing rally, but danced with wife to Koffi Omoide's performance. He wore a baseball cap in white and a track jacket with a black and white embroidered name of his group: "Generation for Modernity & Development". Reporting by Guinea Newsroom; Portia Crowe contributed additional reporting; Robbie Corey-Boulet wrote the article; Louise Heavens, Helen Popper and Helen Popper edited it.
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Guinea's presidential vote is expected to cement Doumbouya rule
Guinea will vote on Sunday for a president whose election is widely expected to give Mamady Doumbouya a seven-year mandate. This would complete the transition of West Africa's nation back to civil rule. Former special forces commander, believed to be in early 40s, is up against eight other candidates, in a field fragmented with no clear challenger. Former president Alpha Conde, and longtime opposition leader Cellou Dallein Diallo are still in exile. Guinea has the largest bauxite reserve in the world and the richest iron ore deposit that is still untapped. Simandou was officially opened last month, after many years of delays. Doumbouya claims credit for advancing the project and ensuring Guinea benefits from it. In the wake of a dispute over a refinery, his government revoked Guinea Alumina Corporation’s license and transferred its assets to a firm owned by the state. His youth, in a country with a median age of 19 years, and the turn towards resource nationalism, which is echoed by Mali, Burkina Faso, and Niger, have boosted his popularity. Mohamed Kaba, an auto mechanic from Conakry, said: "For us, young people, Doumbouya is a chance to retire the old political class." "There's a lot going on in terms of corruption, but I do hope that these things will be resolved." DOUMBOUYA IS EXPECTED TO ENTRENCH THE POWER Benedict Manzin is the lead Middle East and Africa Analyst at Sibylline. Manzin said that "he will likely position his friends and associates so they can benefit from the economic boom expected to accompany the start of production at Simandou". The transition charter, adopted after the coup, prohibited junta-members from running in?elections. In September, Guineans approved a new constitution that removed this clause, extended presidential terms to seven-years, and created a Senate. The preliminary results show that 86.42% of voters turned out, but opposition figures dispute this. OPPOSITION - ACTIVITY RESTRAINED DURING CAMPAIGN Doumbouya's government has tamed the political debate. Civil society groups claim that his government has banned protests and restricted opposition activity. Volker Turk, chief of the U.N. Rights Department, said on Friday that the campaign period was "severely restricted". The conditions in which the elections are being conducted "risks undermining their credibility," said Turk. The?government didn't respond to a comment request. Doumbouya stayed low-profile during the campaign and left surrogates to present his case. He skipped the speech at a closing rally in Conakry on Thursday, but danced with wife to Koffi Omoide's performance. He wore a baseball cap and track suit in white, emblazoned "Generation for Modernity and Development." Around 6.7 million voters are registered, and provisional results should be available within 48-72 hours after the polls close. Reporting by Guinea Newsroom; Writing and editing by Robbie Corey Boulet
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In Guatemala bus crash, at least 15 people are dead and 19 others injured
Authorities said that at least 15 people were killed and 19 others injured when a passenger van plunged into a ravine along the Inter-American Highway, in western Guatemala. Leandro Amado, a local firefighter spokesperson, told reporters that 15 people had died. This included 11 men, 3 women, and a child. He also said that 19 people had been injured. The accident occurred between km 172 and174 in the Solola Department, an area known for its dense fog which reduces visibility. The images shared on social media by the fire department early Saturday morning showed the bus wreckage?in the ravine while firefighters worked to save victims. Reporting by Sofia Menchu. (Editing by Joe Bavier, Mark Potter and Mark Potter.)
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Suns' Devin Booker aims for a 2-game sweep over Pelicans
Devin Booker, the star of the Phoenix Suns, has been playing some great basketball lately. Booker has averaged 28.2 points per game over the past five games. He also averages six assists and four rebounds. This includes a performance of 30 points, nine rebounds, and five assists in the Suns 115-108 win over the New Orleans Pelicans. Booker and his Suns team will be looking to "continue" their momentum on Saturday when they play the Pelicans in the second of two back-to-back games. Booker stated that the contest on Friday was a "must-win" for them. What a great way to begin the road trip. We want to begin on a positive note. Saturday, we'll be back in action against them. We know that they are playing good basketball at the moment. Saturday's game will be a very competitive one. Booker scored 12 points in Friday's fourth quarter and was a key player in the Suns winning the game with an 18-8 run. Mark Williams and Connor Gillespie played important roles for Phoenix. Williams scored 24 points, including 10 in the fourth quarter. Gillespie added 16 points with nine assists. Williams also added 13 rebounds to his double-double, which was his first in nine games this month. Suns' 16 offensive rebounds led to extra possessions against Pelicans. Jordan Ott, Suns coach, said: "I thought we had some big stops in the stretch." "And then Book made some offensive plays to somehow pull out the win." Zion Williamson, who was a bench player for the Pelicans, led them with 20 points and eight rebounds in just 28 minutes. The Pelicans had won five straight games before losing their second consecutive game. Williamson has been battling multiple injuries for years and has not always played the second game of a back-to-back. However, he played double duty this week, when the Pelicans took on the Dallas Mavericks as well as the Cleveland Cavaliers. The two-time All-Star started every game in his six-year NBA tenure until?this past month. Williamson, who had been out of action for six games due to a right adductor injury, was moved from the starting lineup on Dec. 14, in order to reduce his workload. Williamson has averaged 21 points, 6.9 rebounds, and 3.2 assist in six games, even though he never played more than 28 min. In the last four games, he led the team in scoring. Williamson was the star of the show, and the Pelicans bench scored 60 on Friday. If New Orleans hopes to split the doubleheader it will need better execution in the late stages of?the game. James Borrego, interim head coach of the Pelicans, said: "We put ourselves into a good situation." "We didn't play enough." We failed to make free throws or shots. "We could have done better in the final stretch." On Friday, neither team was able to make it from long range. Each team made only 20% of their 3-point attempts. Phoenix finished with 8 out of 40 attempts, while New Orleans had 5 out of 25. Field Level Media
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Myanmar holds elections amid civil war, humanitarian crisis and other crises
Myanmar will vote on Sunday, as it fights a civil conflict that has devastated parts of the nation and one of Asia's most severe humanitarian crises. Myanmar, already one of Southeast Asia's poorest nations, has been devastated by conflict that was sparked by the coup in 2021. The military overthrew a civilian government headed by Nobel Peace Prize-winner?Aung San Suu Kyi. WHAT IS THE HUMANITARIAN SITUATION? Myanmar's humanitarian crises is one of Asia's most serious, and it is largely due to the intensifying civil conflict, as well as the repeated natural disasters including the massive earthquake that occurred in March. Reports have stated that the ruling junta suppressed previous information about the severe food crisis affecting the country, by urging researchers to not collect data on hunger and aid workers to not publish it. Myanmar has one of the most underfunded aid operations in the world, according to United Nations. Only 12% of funds required have been received. The U.S. cuts in humanitarian aid have a devastating impact on the people, according to the U.N. Special Reporter on the Situation of Human Rights in Myanmar. UN estimates that around 20 million people in Myanmar need help due to soaring inflation, a plummeting currency and about half of the population living below 'the poverty line. UN estimates claim that more than 3.6 millions people have been forced to leave their homes and over 6,800 civilians were killed in the conflict caused by the coup. According to the UN World Food Programme, as violence escalates, more than 12 millions people in Myanmar will be at risk of acute hunger next, including 1,000,000 who will require lifesaving assistance. WFP estimates that more than 16,000,000 people in Myanmar suffer from acute food insecurity, which means their lack of food is a threat to lives and livelihoods. The agency stated that Myanmar is "a hotspot of hunger" and should be taken very seriously. WFP reported that this year more than 540,000 children will suffer from acute malnutrition, a life-threatening condition which can have serious and lifelong consequences. This is a 26% rise from last year. According to WFP, one in three children aged under five already suffers from stunted development. How has the economy fared? Myanmar's economy, once considered one of the most promising in the region, has suffered from civil wars, natural disasters, and poor management. The World Bank reported this month that despite these challenges, Myanmar’s economy has shown some signs of improvement. Its GDP growth will?rebound to 3% during the next fiscal period. The projected growth will be driven by the post-earthquake recovery and targeted assistance to?the most affected areas. However, inflation is expected remain at or above 20%. Solar energy is becoming more popular as a reliable source of power for households and businesses. In June, Russia, which is building up ties with the military junta in Myanmar, signed a deal with Myanmar that could provide new opportunities for Russian companies to invest in the country. (Reporting and editing by Raju Gopikrishnan).
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Petrobras' proposal to end the strike is rejected by a large Brazilian union
The Brazilian union Sindipetro-NF (one of the largest in Brazil) has rejected the latest proposal from the state-run oil company to end the 12-day strike. It said this in a Friday statement. Sindipetro NF represents?about 25,000 oil industry workers, including those in Petrobras?offshore oil platform in the Campos Basin, which is the second highest oil production area in Brazil. Petrobras stated in a press release that the strike so far has not had an impact on production as they are using contingency crews to continue operations. Sindipetro-NF is the largest union within FUP, a umbrella organization of oil workers. The FUP board accepted Petrobras' proposal but it was still up to the workers. Sindipetro-NF, a union that is not part of the?FUP, has rejected the call to end the strike. FUP does not include all Petrobras unions. FNP's board voted to continue the protest, and advised unions that were under its umbrella to do the same. Sources said that the dispute may last for a long time, because it involves complex issues, such as deductions from pensioner payments and pension fund funds of state-run firms. Reporting by Fabio Téixeira in Rio de Janeiro and Rodrigo Viga Gaier; editing by Nick Zieminski & Alistair Bell
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Wall St. closes the holiday session with a near-record high in terms of light.
Wall Street closed a low-volume session after Christmas on Friday with little to no change. The three major U.S. indexes ended essentially flat but posted weekly gains. Ryan Detrick is the chief market strategist for Carson Group, based in Omaha. He said, "We're simply catching up today after a five-day rally." This is just day two of Santa Claus rally, so there's still time. We think that the market will be more optimistic going forward. Market participants were looking for signs of a seasonal phenomenon known as the "Santa Claus Rally," where the S&P 500 makes gains in the last five days of the current year, and the first two days in the next. This period began on Wednesday and runs through January 5. This rally could be a good sign for the stock market in 2026. Three trading days are left in an 'unpredictable year,' in which investors have been thrown for a loop by tariff jitters and simmering geopolitical conflicts. The Nasdaq is leading the way with its tech-heavy indexes. Detrick added: "It is a reminder to investors that volatility was the price we paid to achieve the solid gains in the past three years." "It's likely that 2026 will not be the first time in history where there is no volatility or bad headlines. "So you need to prepare yourself." The S&P 500 lost 2.05 points or 0.03% to finish at 6,930.00, while the Nasdaq Composite dropped 20.21 points or 0.09% to 23,593.10. The Dow Jones Industrial Average dropped 19.70 points or 0.04% to 48,7111.46. Communication services, technology, and industrials outperformed the overall market in terms of performance. The only sector to lose ground by 2025 is real estate. Nvidia's stock rose after the AI chipmaker agreed with startup Groq to license its chip technology and hire its CEO. Target shares rose after The Financial Times reported that hedge fund Toms Capital Investment Management has invested a large amount in the retailer. Silver and gold prices reached new record highs, boosting the value of U.S. listed shares.
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Petrobras' proposal to end the strike is rejected by a large Brazilian union
The Brazilian union Sindipetro-NF - one of the largest representing Petrobras workers - has rejected 'the latest proposal from 'the state-run oil firm to end a 12 day-long strike. It said this in a Friday statement. Sindipetro-NF represents around 25,000 oil industry workers, including those on Petrobras offshore oil platforms, in the 'Campos basin. This is the second highest oil production area in Brazil. Petrobras?did not immediately respond to a comment request. The company has said that the strike had no effect on production because it was using contingency crews. Sindipetro-NF, a union umbrella for oil workers, is the largest under 'FUP. The board of the FUP had accepted Petrobras' proposal, but it was still up to the workers to vote on the issue. Sindipetro-NF, however, has voted against ending the strike. This means that the protest will continue at least in some sites. FUP does not include all Petrobras workers' unions. The board of another umbrella organization, FNP voted to continue the protest, and advised unions to do the same. Sources said that the dispute may last for a long time, because it involves complex issues, such as deductions from pensioner payments and pension fund funds of state-run firms. (Reporting by Fabio Teixeira and Rodrigo Viga Gaier in Rio de Janeiro; Editing by Nick Zieminski)
Asia stocks sputter as focus shifts to China stimulus
Asian stocks pared early gains on Friday as financiers carefully turned their focus to stimulus statements from China later in the day with Beijing's. weeklong legal conference drawing to a close.
Regional equities had begun the day by tracking Wall. Street's over night rise to tape-record highs, with investors. absorbing the Federal Reserve's message for careful interest. rate cuts even with expectations for huge fiscal costs under. incoming President Donald Trump.
U.S. Treasury yields pressed to new lows in Asian hours,. keeping the dollar under pressure after its biggest decline. versus significant peers in more than six weeks on Thursday.
An MSCI gauge of Asia-Pacific stocks was up. 0.33% as of 0552 GMT, after earlier increasing as much as 0.78%.
The index remained on track for a 2.7% rally today,. after rapidly recovering from a knee-jerk dip on U.S. election. night, which spurred concerns of debilitating trade tariffs, not. least in China.
Optimism for a stimulus response from Beijing kept Chinese. stocks buoyed throughout the week, including a 3% rally. for mainland blue chips on Thursday.
Blue chips were last down 0.5%, reversing gains of. as much as 1.3% from earlier. Hong Kong's Hang Seng. declined 0.6%.
The National People's Congress Standing Committee meeting. concludes on Friday with officials due to hold a briefing. Sources previously informed Reuters that Chinese financial spending. could be increased in the event of a 2nd Trump presidency.
Nevertheless, DBS's China economic expert Tao Wang does not expect the. statement of a full stimulus plan at the briefing, as. Chinese leaders require time to assess the timing and impact of any. U.S. policies on the country, according to a client note.
DBS's China equity strategist James Wang stated Chinese stocks. are manipulated to the disadvantage in the near term, and the marketplace is. not fully rates in a 60% tariff implication, the note stated.
Japan's Nikkei included 0.6%, up 4.1% for the week.
Australia's stock standard climbed 0.8%, and. Taiwan's criteria gained 0.6%. South Korea's Kospi. slipped 0.2%.
Futures for Britain's FTSE and Germany's DAX. were each up about 0.2%. The FTSE lost 0.32% on Thursday. after the Bank of England indicated the risk of greater. inflation.
Global stocks, led by Wall Street, are on. course for a 3.3% weekly advance, and stand at a record high.
Trump swept back to the White Home on Tuesday with. Republicans taking back the Senate and potentially increasing. their Home bulk, although votes are still being counted. The result defied polls that forecasted a neck-and-neck race. with Democrat Kamala Harris.
Financier expectations that Trump would lower business taxes. and loosen up guidelines sent all 3 significant Wall Street indexes. to tape-record peaks on Wednesday, and the S&P 500 and Nasdaq. extended those highs on Thursday, with Fed Chair Jerome. Powell signalling continued, client policy easing. The Dow. ended flat.
Powell stated Tuesday's election, which will put in the White. Home a president who has actually promised prevalent deportation of. immigrants, broad-based tariffs and tax cuts, would have no. near-term influence on U.S. financial policy.
U.S. two-year Treasury yields, which are extremely. conscious financial policy expectations, edged down to 4.2016%. on Friday, compared to a more than three-month high of 4.3120%. on Wednesday.
The dollar index, which determines the currency versus. 6 major peers, ticked up a little to 104.53, but that followed. a 0.7% drop on Thursday, its greatest considering that Aug. 23. On. Wednesday, it skyrocketed 1.53%, the most in over 2 years.
Markets have currently gone through the 'honeymoon period'. for the president-elect, and USD and U.S. rates now are in the. ' window duration', when they think about the policy outlook, said. Shoki Omori, primary Japan desk strategist at Mizuho Securities.
The secret is whether the president-elect and his group desire. more financial issuance next year, and market participants will. once again require to be alert for potentially market-moving posts from. Trump on social networks, Omori stated.
Bitcoin was flat at around $76,000, following a. nearly 10% surge this week, hitting a record peak of $76,980 on. Thursday. Trump has vowed to make the United States the crypto. capital of the planet.
Gold had a hard time to make any extra headway. following its rollercoaster week, alleviating 0.6% to $2,691 in the. newest session. It slumped more than 3% on Wednesday, however. bounced 1.8% over night. Recently it surged to an all-time high. of $2,790.15.
Oil costs declined on Friday, following gains of about 1%. overnight as the marketplace weighed how Trump's policies would. affect materials and as drillers cut output while bracing for. Cyclone Rafael.
Brent crude oil futures were last down 0.53% at. $ 75.23 a barrel, while U.S. West Texas Intermediate (WTI) crude. reduced 0.65% to $71.89.
(source: Reuters)