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|LUANDA Jesper Bratt Jersey , Aug. 23 (Xinhua) -- Polls for Angola's parliamentary elections opened at 7 a.m. local time (0600 GMT) Wednesday throughout the country, marking the departure of long-time serving President Jose Eduardo dos Santos.
Angolan National Elections Commission Chairman Andre da Silva Neto announced the news on state radio RNA in Luanda on Wednesday.
Dos Santos, who has led the Subsaharan Africa's second biggest oil producer since 1979 and is Africa's longest-serving leader after Teodoro Obiang Nguema of Equatorial Guinea, announced earlier this year that he would retire after the elections.
He chose Defense Minister Joao Lourenco as his successor.
Angola's ruling party, the People's Movement for the Liberation of Angola (MPLA) Miles Wood Jersey , which has been in power since the country's independence in 1975 from colonial Portugal, and five other parties are vying for seats in the country's 220 seat National Assembly.
Under the Angolan election system, the head of the party that wins most votes becomes president. It is widely believed that the ruling MPLA will win the election by a large majority.
More than nine million registered voters will head to more than 12,000 polling stations across the country from 7 a.m. to 7 p.m. local time (0600 GMT-1800 GMT) Wednesday.
Preliminary results will be announced 48 hours later and the final results within two weeks, according to the country's electoral law.
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NEW YORK, July 2 (Xinhua) -- U.S. stocks traded lower for the week as investors digested a batch of economic data and Federal Reserve officials' remarks from the country.
For the week Pavel Zacha Jersey , the blue-chip Dow edged down 0.2 percent, and the broader S&P 500 lost 0.6 percent, while the tech-heavy Nasdaq plunged 2.0 percent.
New orders for manufactured durable goods in May decreased 2.5 billion U.S. dollars or 1.1 percent to 228.2 billion dollars, according to U.S. Census Bureau on Monday, missing market expectations.
U.S. real gross domestic product (GDP) increased at an annual rate of 1.4 percent in the first quarter Cory Schneider Jersey , according to the "third" estimate released by the the Commerce Department.
Consumer spending was revised to show a 1.1 percent increase from a prior 0.6 percent reading, said the department.
In the week ending June 24, the advance figure for seasonally adjusted initial jobless claims was 244,000, an increase of 2 Kyle Palmieri Jersey ,000 from the previous week's revised level, the Labor Department said on Thursday.
Personal income increased 67.1 billion U.S. dollars, or 0.4 percent in May, according to estimates released Friday by the U.S. Commerce Department, higher than market expectations.
The personal consumption expenditures price index Drew Stafford Jersey , the Federal Reserve's preferred measure of inflation, declined 0.1 percent for May following a 0.2 percent gain the previous month. The year-on-year rate declined to 1.4 percent from 1.7 percent, lower than the expected rate of 1.5 percent.
Moreover, U.S. consumer sentiment fell to 95.1 in June, hitting the lowest level since November 2016 Adam Henrique Jersey , according to a survey released by the University of Michigan on Friday.
Investors also kept an eye on the closely-watched Federal Reserve officials' remarks throughout the week.
San Francisco Fed President John Williams said on Monday the Fed needs to raise rates gradually or the economy runs the risk of overheating, according to media reports.
New York Fed chief William Dudley said recent narrowing of credit spreads, record stock prices and falling bond yields could encourage the Fed to continue tightening U.S. policy.
U.S. Fed chair Janet Yellen said Tuesday that another financial crisis the likes of the one that exploded in 2008 was not likely "in our lifetime," said media reports.
She added that banks are very much stronger judging by how major institutions did in the recent stress tests.
Tech has been one of the best performing sectors so far this year, rising more than 15 percent already. But over the past month it has dropped quite a lot as some investors believe large-cap tech stocks are currently overvalued.
For the week John Moore Jersey , shares of Facebook and Amazon dropped more than 3 percent while Netflix and Google-parent Alphabet both lost over 5 percent.
BRUSSELS, May 25 (Xinhua) -- Members of the the North Atlantic Treaty Organization (NATO) may agree to shoulder fairer responsibility on defense spending, NATO chief signaled on Thursday, in response to heavy criticism from the visiting U.S. President Donald Trump.
"We will take decisions to share more fairly the burden of our security," NATO Secretary General Jens Stoltenberg told a working dinner hosting heads of members including Trump Taylor Hall Jersey Sale , who is on the fourth leg of his first oversea trip in Brussels.
Stoltenberg's remarks came following harsh criticism from Trump, who has slammed allies of the organization for falling short of paying their spending share.
"The bond between NATO Allies has kept our people safe since the Alliance was founded almost 70 years ago. We are here today to strengthen that bond," Stoltenberg said.
Stoltenberg admitted that members varied in many aspects and difference emerges including "political perspectives," urging allied members to "rise above those differences" and "unite around their common purpose."
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