DR MUR sd
Politics
Dilma Rousseff scored anar
rowvictory withsué%ofthe
‘vote. Brazil's presidential,
lection rur-oft As she em
barked onhersecond term she
promised toreunite the nation
after abiter poliscalcontest.
Butshe aed to mentonher
centrerightrival Aécio Neves,
byname,and the rancour
showediitlesignofabating
‘After the pollthe Centralank
raisedits ley interestrateto
1.25%. inflaton has beon
"idinghigh formonths butthe
faughtelection and Ms Rous-
seff's approach monetary
polieymeantarise was une
Iybeloretherun-a.
Uruguay seemed setfora
furtherperiod ofcentrtet,
socially bera government
aerthe candidate ofthe
ruling Broad Front party,
Tabaré Vazquertoppedthe
pollinthe istround ofa
presidental ballot Mr Viaguee
benefited from thepopalarity
ofhis predecessor Jose Mujica,
‘who had lived modesty ega”
sedmamjuana and ooned
The Canadian authorities
iscloned that Michael Zehal-
‘Bibeau, who was ulled after
be opened fre inthe patia-
‘ment on October 22nd, had
‘been ryingto getapassportto
travel oSpria The funeralofa
soldier led inthe attack
‘became aday ofnational
mourning,
‘america catchesa fever
Thetotalnumber of Ebola
cases passedn700, though the
‘wito suidthatthe spread of
the disease in iberia was
slowing Newyersey and New
Yorkstate came undercrticism
fomamany health expertstor
unilaterally introducing
(Quarantine for medial work
cersreturing fom areasaffect
edbyEbolain west Africa. A
‘nurse wholivesin Maine was
hheldina hospital forfour days
bby New Jersey afterlandingat
Newarkalrport. she stalking
tolawyers.
Hackers reportedly triedto
accessunclassifiedareasof the
‘White House's computer
systems in whats thoughtto
bheatestof how farthey could
breach secure networks Rus
sian and Chinesebackers
frequently try to breakinto
sovemmentcomputers.
Desert ats
Athmemonth state of emer
gency was imposed by Egypt
Inthe Sinai peninsula afer
stkide-bomberkilled atleast
3o soldiers The army has
evicted residents from the
onder with Garaandstarted
blowing up buildingsto create
‘buffer roneand phig cross
bondertunnels
‘Tunisia's pathamentary elec
tuon waswon by theseculanst
‘Nidsa Tounes (Tunisian Cal”)
parigasurprise defeat for
‘Nada, the biggestislamist,
grouping: Many Tunisians
thoughtthatthe Nabdarled
coalition government wastoo
slow inrespondingtothe
Spread of ihadistideology in
mosques Days befor the
lection agunbattle with
militants lefione policeman
‘and six others dead.
‘Yohuda Glick an tsraeli righ
‘wingactivist wasshotand
seriously wounded ashe eta
‘meeting nJeusalem that
called forgreateraccessfor
Jewish worshippersto the area
‘known as Temple Mountto
Jews andatAgsato Muslims.
‘Thegunman waskiledin a
shoot out with thepotce who
also dosedithe Temple Mount
‘amid heightened tensions.
‘Zambia's president died.
‘Michael Sat was77andhed
‘been inpower snce2ou fo:
lowinga mostly peacelid
lesion. Hehad been acti
‘ofthe mining companies who
‘operate in thecountry. Guy
Scott,bomn in Zambiato Scot
tish parent is the interim
president and Africa's fist
‘whitehead of sate in20 years,
Untilanelectionisheld.
Botswana'srulingparty won
‘parliamentary lection,
hhandinglan Khamaasceond
termas president His eam
aig promisedto tackle un-
‘employmentand poverty in
‘theminerarich country
Laying down the Law
China's CommunistPerty
wrapped up aley meeting by
decating moreemphassan
‘therule oflaw: Beyond the
‘usual boilerplate the party's
central committee caled for
Tesslocal contol overthe legal
system and, unexpectedly. for
‘moreattention to he paid to
China's constitution, whose
‘admirably liberal parts the
authoritesofen dsrgard.
‘Moanwhilethe party Kicked
James Tien fe-chun, the leader
‘of apro-Bejing party in Hong
Kong, outof the Chinese
People’s Political Consultative
Conference.2partycontuolled
talkingshop.atrTienhad
called or Hongkong’schiet
‘executive, Leung Churying, to
resi afterhehad faledto
resolvea month long stand-off
twithstudentscalingfor
demoaacy.
‘More thans00 people were
‘eareddead aferalandsldein
‘adulls district incental Se
Lanka engulfed homes follow.
‘ingheavy monsoon rains
Budget polities
Maly and France avoided a
showdown withtheEuropean
‘Commission by adding now
‘budgetcutsthat bring them
closerto complying wth
European Union rules. The
commission approved the two
‘countries budgets, even,
‘though they failtomeet tough
‘Sructura-defic targets
‘ouldstil punish them for
‘Violating the limits thismonth,
Under mountingpressure
fiom the ant-Europerightin
Britain, David Cameron, the
‘rime minister, sid he would
hot payan extiadibillon
($27bilion) contribution to
the budget due by Decem-
bert Theil elects new
European-wide economic
calelationsshosving that
Britain's ope washigherthan
previously thought. The Dutch
‘aovernmentalsofacesa bill. It
‘Semandedtoseethecalcula-
tions and askediiteould
postpone its payment
Ukraine dlecteda new pro-
\Westemn parliament thatre
tumed Pet Poroshenko to
oweraspresident Tks
‘Continued with Russia tostop
‘euttng off ges supplies again.
‘Russa wants Ulzaineo sete
debts and pay inadvancefor
‘utue deliveries.
‘aro jetsscrambled tin:
Terceptmore than two doven
Russian military ater that
‘entered European airspace
‘over the courseof two day,
‘The Rwslanaireaftincluded
fighters aswellassixlong.
‘ange nuclear bomber. The
level of activity was unusual
aro hasintercepted three
timesasmany Russian planes
thisyearasinallof201,
‘Tensof thousands of deman-
stratorstock othe steetsin
Hungary to protestagains the
governments planned
{ntemettax The uproarled
‘Viktor Orban, the prime min-
istertocapthetax.But the
European Commissions
caledita“teribleides” that
could setaprecedentforotheroo Ls The Economist November 3
Business
Concluding tslong standing
process of"tapering”, Amer
{a's Federal Reserve an
rouncedit fil monthly
purchase of bonds bringingan
endioitsthirdroundol quan
titative easing. The contal
bankintrduceditspolicy of
axsethuyingin November
2008, Supportersof Or point
tofalling unemploymentin
‘America and aszengthened
cconomy,butcrtes say ithas
‘merely provided cheap money
(oinvestorsand inflated aset
prices. Whatever the verdict,
the Fednow views or
veal tool and snotruling out
‘another futureround,
Fling abit deflated
Sweden’scentral bankeutits
Inflation hasbeen below the
Riksbank’ stargetrate of for
almost three years andthe
‘bankintends tokeep interest
rateslow untlit“hasclealy
picked up". However Sue-
den'seconomyis growing
‘much asterthan thatthe
eurozone, which salso bat-
ting deflation
‘Tholatest“sress tess” of
European banks founds
withinadequate cpitalio
copewith asoverecconomic
shockas oftheendof205,
nine of them inlay. Since
then 20f the shavemade up
the shortfall leavingsy witha
combined €95 billion ($2
bllion}tomise.
Germany’ biggestbankre-
corded alossforthe third
‘quarter Deutsche Bank set
‘Bide almost evoom su.
balion inthe period towards
the legal feesitexpecisto incur
fom investigations into the
rigor scandal and other
regulatory sues
Inotherbankingnews vas,
Switedand’s biggest bank,
‘booked ahefty Sis billion
($19 billion chargefor eval
cossinitsearings.isdis
cussing asettlementina wide-
fanging probe intorigaed
foceigmeurency makets
Barclaysset asidets00m
($800) alsoforany possible
ligation thatmight arise om.
the forexprobe, which took the
shine offasolid quarterly
‘amings port And Standard
‘Chartered sawits share price
swoon, astheslowdownin
coreemerging matketsate
quarterly prof
DeutscheBirse appointed
Carsten Kengeterto take over
aschiefewecutvewhenReto
Francionisteps down next
spring. MrKengeterused to
‘workior Goldman Sachs and
‘Uns andhasextersive expert
fence ofcapital markets in Asia,
‘region into which the Ger-
man exchangelsexpanding
plans to open aclearinghowse
Insingapore.
‘The Russian roublecontinued
toblltonewlows against the
dollar Eeonomiesanetions
against Russa over theconflet
{nulzaine areburting Mat-
kets were spooked by reports
thatRosnelthesiate ol gant,
hnastequestod more emergen-
cy aid from the government.
Ajointofferffom josxphsafia,
‘a Rrarilanbanking tycoon,
and Cutrale,2 Bazin
range juiee producer, won
thebiddingwarforChiquita,a
bananadistibuordhat hasite
rotsintheold United Frut
(Company: Chiquita'sboard
hhadGvouredamenger with
Eyles, whichisbasedin Dub-
Unand wouldhave allowed
(Chiquita to benefit fom he-
Tand'slowereoeporatetax.
Inabid to samp outofshore
taxevasion, counties
signed an agreement tostart
‘exchanging ax information
systematically omaon. An
‘ther 30 pledged to join later.
‘The dealisastep forward but
containsloopholes,crtes
‘complained
Fat Chrysler Automobiles
decided to spin of Ferrari. I
‘willfloatio%of fs sharesin an
tronextyearand distribute
theremaindertoFatshare-
‘holders. The company ishop-
ingtoreduceits debt andatthe
sametime finance a bigeall-
‘outa neweats, Lica Cordero
‘diMontezemolo recently
‘stopped down as chairman of
Ferra afterrepeatedly clas
ingoverstratgy with Sergio
‘Marchionne,Fats boss,
Sanofizemoved Christopher
iehbacherasitschiofexee-
ttve reportedly because ofan
aloofmanagemen syle that
Fedtoa fractousrelaionship
with theFrench deugeom
pany’ board. Mr Viehbacher.a
‘dual GermanCanadianciti
zen,had movedhis oficeto
Boston fom Paris during the
Fuceb ookreported abigsurge
in quartelyrevenue and prot
a sales osefiom mobile,
aversing The number of
people who usethe social
petworkon amonthlybasis
expanded tox3s billion. ll
nvestorswere unnerved by
Faexbook’srisingcosts fom
investngin businesses suchas
virtual-reality headsets
The Twitter jitters
“Twitter's shares fallbelow the
priceat whichit dosed onits
Stockmarket debut a year apo.
Rsthird-quarterearnings
showed that although the
rnumbercf people who use it
‘monthly hadrisent0284m,
therate at which itwaserow-
ing hed slowed again. Revenue
doubled inthe quarterto
yom, though thecompany
reported anothernetloss and
Tes yettoturnaprofit
‘ther economic data and news
‘ane feund on pages 24-85,