Donald Tusk, leader of the largest opposition grouping Civic Coalition, delivers a speech after the exit poll results are announced in Warsaw. Reuters
Donald Tusk, leader of the largest opposition grouping Civic Coalition, delivers a speech after the exit poll results are announced in Warsaw. Reuters
Donald Tusk, leader of the largest opposition grouping Civic Coalition, delivers a speech after the exit poll results are announced in Warsaw. Reuters
Donald Tusk, leader of the largest opposition grouping Civic Coalition, delivers a speech after the exit poll results are announced in Warsaw. Reuters

Donald Tusk wants swift handover of power after election success


Neil Murphy
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Polish opposition leader Donald Tusk has urged the county's president to start the process of forming a new government after official election results showed Mr Tusk's liberal pro-EU party and its allies winning a majority.

Poland's Electoral Commission confirmed that the ruling nationalist Law and Justice (PiS) party had lost its majority, though it remains the largest single party in the lower house of parliament, after winning 35 per cent of the vote share.

The Civic Coalition (KO), led by Donald Tusk, has emerged as the most likely party to form a coalition government, after winning 30.7 per cent of the overall vote.

“I’m appealing to the president to make quick, energetic decisions,” Mr Tusk said on Tuesday. “The parties are ready to take over the responsibility for governing the country. Mr. President, people are waiting.”

Results show that the centre-right Third Way took third place with 14.4 per cent and the New Left had 8.6 per cent, the Commission said. The far-right Confederation won 7.1 per cent.

KO, the Third Way and the New Left will have about 250 seats in the 460-seat legislature combined, enough for them to form a coalition government.

“In the coming days, after the (final) results are announced, we will talk,” said Wladyslaw Kosiniak-Kamysz, a leader of Third Way, referring to the planned tripartite coalition negotiations.

However, forming such a government could take weeks, if not months. President Andrzej Duda, a PiS ally, said before the vote that he would give the first shot at forming a cabinet to the group or party that won most ballots.

With no party indicating a willingness to join a PiS-led government, however, the nationalist party led by Jaroslaw Kaczynski seems unlikely to be able to secure a third term at the helm of the EU's largest eastern member state.

In that event, Mr Duda is expected to invite Mr Tusk as leader of the second biggest party to attempt to form a government.

Supporters of the leader of Civic Coalition (KO), Donald Tusk celebrate the exit poll results during Poland's Parliamentary elections. Getty
Supporters of the leader of Civic Coalition (KO), Donald Tusk celebrate the exit poll results during Poland's Parliamentary elections. Getty

“Evil has prevailed in Poland, temporarily,” Marek Suski, a senior PiS official, told public broadcaster TVP. “PiS is likely moving into a really democratic opposition.”

Turnout in Sunday's election exceeded 74 per cent, the highest in Poland since the collapse of communism in 1989 after the parties galvanised large numbers of younger voters for the first time.

But the election campaign was marred by harsh, divisive rhetoric, reflecting deep polarisation in Polish society.

Vowing to protect Polish borders and sovereignty, PiS cast the vote as a fight against what it claimed was unfettered migration and against unwarranted interference in national life by EU bureaucrats.

Opposition leaders including Mr Tusk, a former European Council president, said PiS would take Poland out of the EU if it won a third term – a charge denied by the ruling party despite its numerous legal and political feuds with Brussels.

The opposition parties have yet to name a candidate for the post of prime minister but Mr Tusk, 66, is widely expected to be their nominee. He served as Polish premier from 2007 to 2014.

“Nobody doubts today that without Donald Tusk's energy and determination, change in Poland would not have been possible,” Marcin Kierwinski, a senior KO official, told Polsat News broadcaster.

Still, the three parties are likely to face complex talks over issues such as abortion and LGBT rights.

On abortion, Mr Kosiniak-Kamysz of Third Way said his party would support reversing a 2021 near-total ban on terminations by reinstating the right to abortion in cases of foetal defects, but would not agree upfront to further liberalisation.

KO and the New Left also want to allow abortions up to 12 weeks without limitations. Third Way wants Poles to decide the matter in a referendum.

“No ideological issues can be part of any coalition agreement,” Mr Kosiniak-Kamysz said.

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Name: Fareed Lafta

Age: 40

From: Baghdad, Iraq

Mission: Promote world peace

Favourite poet: Al Mutanabbi

Role models: His parents 

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

UAE currency: the story behind the money in your pockets
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Hometown: Pontefract, West Yorkshire in the UK

Favourite book: The Alchemist by Paulo Coelho

Favourite Author: CJ Sansom

Favourite holiday destination: Bali

Favourite food: A Sunday roast

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Zidane's managerial achievements

La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017

It’ll be summer in the city as car show tries to move with the times

If 2008 was the year that rocked Detroit, 2019 will be when Motor City gives its annual car extravaganza a revamp that aims to move with the times.

A major change is that this week's North American International Auto Show will be the last to be held in January, after which the event will switch to June.

The new date, organisers said, will allow exhibitors to move vehicles and activities outside the Cobo Center's halls and into other city venues, unencumbered by cold January weather, exemplified this week by snow and ice.

In a market in which trends can easily be outpaced beyond one event, the need to do so was probably exacerbated by the decision of Germany's big three carmakers – BMW, Mercedes-Benz and Audi – to skip the auto show this year.

The show has long allowed car enthusiasts to sit behind the wheel of the latest models at the start of the calendar year but a more fluid car market in an online world has made sales less seasonal.

Similarly, everyday technology seems to be catching up on those whose job it is to get behind microphones and try and tempt the visiting public into making a purchase.

Although sparkly announcers clasp iPads and outline the technical gadgetry hidden beneath bonnets, people's obsession with their own smartphones often appeared to offer a more tempting distraction.

“It's maddening,” said one such worker at Nissan's stand.

The absence of some pizzazz, as well as top marques, was also noted by patrons.

“It looks like there are a few less cars this year,” one annual attendee said of this year's exhibitors.

“I can't help but think it's easier to stay at home than to brave the snow and come here.”

Afghanistan squad

Gulbadin Naib (captain), Mohammad Shahzad (wicketkeeper), Noor Ali Zadran, Hazratullah Zazai, Rahmat Shah, Asghar Afghan, Hashmatullah Shahidi, Najibullah Zadran, Samiullah Shinwari, Mohammad Nabi, Rashid Khan, Dawlat Zadran, Aftab Alam, Hamid Hassan, Mujeeb Ur Rahman.

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COMPANY%20PROFILE
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Arsenal's pre-season fixtures

Thursday Beat Sydney 2-0 in Sydney

Saturday v Western Sydney Wanderers in Sydney

Wednesday v Bayern Munich in Shanghai

July 22 v Chelsea in Beijing

July 29 v Benfica in London

July 30 v Sevilla in London

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Price: base / as tested: Dh91,000 / Dh114,000

Engine: 3.5-litre V6

Gearbox: Eight-speed automatic

Power: 298hp @ 6,600rpm

Torque: 356Nm @ 4,700rpm

Fuel economy, combined: 7.0L / 100km

Updated: October 17, 2023, 2:20 PM`