February 28, 2016: World’s top news stories for today from Washingtonian post.
Finance officials of the world’s 20 biggest economies meeting in Shanghai promised Saturday to use all policy tools available to promote global growth and avoid “competitive devaluations” of their currencies to boost exports. At the end of a two-day conference in the Chinese business hub, finance ministers and heads of central banks in the Group of 20 (G20) issued a statement acknowledging that “vulnerabilities have risen” in the global economy, including volatile capital flows, the European refugee crisis and the possibility of a British exit from the European Union.
The statement said that growth should continue at a “moderate pace” in advanced economies and “remains strong” in developing countries. Speaking to reporters after the meeting, the U.S. Treasury Secretary Jack Lew welcomed the agreement to avoid the devaluation of currencies and urged governments to push ahead with reforms.
International Monetary Fund Managing Director Christine Lagarde urged the group to take “collective” and “deliberate” actions to avoid a derailment of the economic recovery.
British Finance Minister George Osborne said that the G20 closing statement’s reference to unease over Britain’s possible departure from the EU emphasized its potential consequences. A significant boost for Prime Minister David Cameron and Osborne, came when Lew expressed strong U.S. support for Britain’s continued membership in the EU.
Meanwhile, on the sidelines of the G20 conference, officials of the BRICS group — Brazil, Russia, India, China and South Africa — signed an agreement Saturday to locate the headquarters of the New Development Bank (NDB) in Shanghai. VOA
Hillary Clinton was immediately named the winner of the South Carolina Democratic presidential primary after polls closed at 7 p.m. on Saturday. Clinton absolutely crushed Bernie Sanders, who has now lost two contests in a row, and three out of four, with New Hampshire his only victory. After thanking the voters of South Carolina in her victory speech, Clinton took not-so-veiled shots at Donald Trump and vowed, “Tomorrow, this campaign goes national.” Next up for the Democrats: Super Tuesday on March 1. The New York Times
Bernie Sanders struck a hopeful note following his decisive loss to Hillary Clinton in the South Carolina Democratic primary on Saturday. “Let me be clear on one thing tonight,” he said in a statement: “This campaign is just beginning.”
Sanders is already looking ahead to the Super Tuesday primaries and caucuses on March 1. “In just three days, Democrats in 11 states will pick 10 times more pledged delegates on one day than were selected in the four early states so far in this campaign,” he remarked, adding, “Our grassroots political revolution is growing state by state, and we won’t stop now. The Wall Street Journal
Former Arizona Gov. Jan Brewer announced Saturday that she is endorsing Donald Trump for president. The endorsement comes on the heels of New Jersey Gov. Chris Christie’s backing of the Republican frontrunner, and just days ahead of Super Tuesday on March 1. “As a Washington outsider, Mr. Trump gets it,” Brewer said, going on to cite her appreciation for Trump’s tough stance on immigration. Brewer is perhaps best remembered for her controversial decision to make it a misdemeanor crime for an immigrant to be in Arizona without proper registration documents. DonaldJTrump.com
A new poll forecasts a big win for Donald Trump in Massachusetts on Super Tuesday. The GOP front-runner is easily topping the GOP field with 43% support, more than twice the share of runner-up Florida Sen. Marco Rubio, who has 20%, a Suffolk University survey released on Saturday has found. Ohio Gov. John Kasich has 17% support, Texas Sen. Ted Cruz has 9% of the vote and Ben Carson has 4% of the vote, the poll found. Undecided voters account for 7%. The survey consisted of 500 likely Republican primary voters. CNN
Partial election results in Iran on Saturday point to major gains by reformists and moderates who favor expanding freedoms and engaging with the West, and who defended the recently implemented nuclear deal with world powers against opposition from hard-liners.
Friday’s election was the first since last summer’s agreement was finalized, lifting international economic sanctions in exchange for Iran curbing its nuclear program. U.S. officials had hoped the deal would strengthen President Hassan Rouhani and other moderates, paving the way for greater cooperation on other regional issues.
Reports in the semi-official Fars and Mehr news agencies showed hard-liners losing ground in the 290-seat legislature. None of Iran’s three main political camps — reformist, conservative and hard-line — was expected to capture a majority, but the reformist camp is on track for its best showing in more than a decade. Associated Press
Oscar predictors and bookies are calling Alejandro G. Iñárritu’s The Revenant a heavy favorite for golden statuettes at Sunday night’s Academy Awards.
The Week’s Scott Meslow expects the wilderness survival story to take top prizes for Best Picture, Best Director, Cinematography, and Best Actor, to Leonardo DiCaprio. Critical darling Mad Max: Fury Road is expected to sweep visual awards, such as Best Film Editing, Best Production Design, and Best Visual Effects. The Week
Three young Muslim men were found shot to death in Fort Wayne, Indiana, this week in an “execution-style” slaying, reported WANE-TV. Authorities say they found the bodies of Fort Wayne residents Mohamedtaha Omar, 23, Adam K. Mekki, 20, and Muhannad A. Tairab, 17, inside a local home on Wednesday. Whoever killed them shot each man multiple times.
NBC affiliate 21Alive further reported the home had become a known spot where young members of the local African diaspora gathered to party due to an “absentee ownership situation,” though WANE wrote police do not believe the hangout spot is connected to gangs or crime.
Police currently do not believe the three deaths were related to the men’s nationality or religion, according to the News-Sentinel, but each was a Sunni Muslim from Chad or Sudan. But amid a growing wave of anti-Muslim sentiment in the U.S., including numerous acts of violence directed against Muslim Americans, that the slayings were a hate crime remains a disquieting possibility. Yahoo
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