California regulators said to signal no bankruptcy interest in PG&E
17 November 2018 |
9:05 pm
California utility company PG&E soared in late trading after Bank of America said fees about the company's link to wildfires are overdone and default worries are overstated. Moody's though, has cut PG&E to BAA3 and says the stock may be downgraded to junk.
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Sudan's top general Abdel Fattah al-Burhan said on Tuesday (October 26) that the military agreed to a number of initiatives suggested by prime minister Abdalla Hamdok but civilian forces refused to engage in any dialogue.
Speaking at his first news conference since he announced Monday's takeover, Burhan defended the army's seizure of power, saying he had ousted the government of Prime Minister Abdalla Hamdok to avoid civil war.
Soldiers arrested the prime minister and other members of his cabinet on Monday (October 25), and hours later Burhan appeared on TV to announce the dissolution of the Sovereign Council, a body set up to share power between the military and civilians.
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It has been two and half years since Sudanese protesters peacefully overthrew their dictator Omar al-Bashir in a jubilant moment for Sudan. But the path to democracy has not run smoothly. Infighting has plagued the country's joint military-civilian coalition and steep price rises have shaken people's faith in their leaders. For weeks, rumours had swirled of a coup d'état. This Monday morning, it happened: Prime Minister Abdallah Hamdok was arrested and military chief Abdel Fattah al-Burhan appeared on television, declaring a state of emergency and dissolving the country's ruling body. Is this the death knell for Sudan's revolution? Or will the military's actions breathe new life into the protest movement?
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