Wednesday, July 8, 2015

Reports That India and US to Sign Tax Pact


India and the US are set to sign a tax information sharing agreement this Thursday, that's according to the Reuters news agency, citing sources within the Indian government and the US embassy in India.


The move reportedly comes under a new US law designed to combat offshore tax dodging by Americans.


Lorna Shaddick reports.


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POT: 31 seconds


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Osborne unveils a new budget for a "lower tax, lower welfare" country

 Britain's Finance chief has been setting out a new budget with the aim of creating what he called a "lower tax, lower welfare" country. 

Chancellor George Osborne delivered the first Conservative party budget since 1996, after the party won May's general election without the need for a coalition government.   From London, Patrick Jones reports. 


IN: The chancellor..
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US army to slash ranks by 40'000 troops

Thousands of troops will be cut from the US Army over the next two years.  

US Media reports, the fighting force will be reduced by 40-thousand soldiers.

In Washington, here's Kevin McAleese:

IN: The troop...'
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Greece outlines final proposal to eurozone reditors

With just four days to go until a eurozone deadline to submit a deal,  Greece's Finance Minister Euclid Tsakalotos says he will submit a new written proposal to the EU leaders Thursday.

Sunday appears to be the ultimate deadline for a deal that may include immediate aid, as Greek banks hang on to less than 500 million euros
 
Our correspondent in Brussels Taylor Esler reports.

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Osborne lays out welfare cuts in new budget


Britain's Finance chief has been setting out a new budget with the aim of creating a "lower tax, lower welfare" country. 

Chancellor George Osborne is delivering the first Conservative party budget since 1996, after winning May's general election without the need for a coalition government. 

The Conservatives were elected on a manifesto to cut around 16 billion euros in welfare spending, however Mr Osborne indicated these cuts will be spread over a longer time frame than previously planned. 

He has also raised the personal tax threshhold, scrapped so called non-dom status which allows the wealthy to avoid UK tax and replaced student maintenance grants with loans. 

The Chancellor said his budget would revive the country's economy which is expected to 2.4 per cent this year. 

IN: A budget that…
OUT: ...United Kingdom.
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The Chancellor said his budget would revive the country's economy which is expected to 2.4 per cent this year.  He said it was made possible by the Conservative's recent election success. 

IN: And this is …
OUT: ...United Kingdom.
DUR: 27 seconds

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London travel chaos expected due to worst Tube strike in a decade

Travel chaos is expected in the British capital when London's underground train network  comes to a complete stop due to industrial action.  

Train drivers say they have not been compensated fairly for working nights, which they will be forced to do when parts of the underground network  goes into 24 hour operation on Fridays and Saturdays from September.  

From London, Catherine Drew reports. 


IN: The strike…
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DUR: 35 seconds

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Barclays CEO sacked

The Chief Executive of Barclay's Bank has been sacked, after disagreements with board members over the direction of the Bank and profitability.


The lender is currently searching for a successor, as our UK Correspondent Natalie Powell reports.


IN: Barclay's released…

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DUR: 32 seconds


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Greece given Thursday deadline for proposal ahead of Sunday summit

Greece has been given until Thursday to come up with a new bailout proposal...

The ultimatum from EU officials comes ahead of an all-member state EU summit on Sunday, which is being seen as the final deadline for the country.

Our correspondent Dan Whitehead reports from Athens...

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UN Panel slams WHO ebola response in scathing new report

U-N appointed experts have slammed the World Health Organization for being too slow to respond to West Africa's deadly Ebola outbreak.


The panel says the agency needs to be held accountable, and must work to re-establish itself as the guardian of global public health.


Our U-N Correspondent Liling Tan has the details.


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DUR: 43 seconds



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Tuesday, July 7, 2015

Pres. Obama calls Greek PM, German Chancellor

The Greek financial crisis is garnering extra attention from Washington, as U.S. President Barack Obama calls Greek Prime Minister Alexis Tsipras and separately, German Chancellor Angela Merkel.

The European Union has given Greece another 48 hours to present proposals on how to deal with its debt and creditors issues.

Our Washington correspondent Priscilla Huff reports:

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***

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U.S. State Department concerned about Cuban activists

The U.S. State Department has expressed concern about some 100 peaceful activists that have been detained in Cuba.

However, American authorities say this will not hinder the restoration of diplomatic relations between the two countries.

Andrea Arenas reports.

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Code Specialists call US and UK demands to access encrypted data unprincipled and unworkable

Demands by US and British security agencies for special access to encrypted communication data have been dealt a serious blow in a report by an elite group of code makers and code breakers. 

The report describes the demands for special access as unprincipled and unworkable.

Silicon Valley Correspondent Rachel Silverman has details. 


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DUR: 37 seconds


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US extradites former camp guard to Bosnia

The US government has announced it extradited a former camp guard to Bosnia, where he's been charged with committing war crimes against Serbian civilians.

Rebecca Foster reports from Washington.

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Eurozone ministers say Greece 'failed to offer solid proposals' for crisis deal

Greece has failed to deliver solid proposals on its debt crisis at a meeting of eurozone finance ministers, according to reports.

Leaders are meeting in Brussels for an emergency summit to discuss how to save Greece from leaving the monetary union.

FSNs Sandra Gathman has the latest from Brussels...

IN: There's a sense...'
OUT: '...from now on'
DUR: 49 secs


The Presdient said US secretary of State John Kerry will travel to Havanna to witness the rasing of the US flag 

IN: After a...'
OUT: '...rules'
DUR: 45 secs

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Obama Meets Vietnam’s Communist Party Chief

US President Barack Obama and other top government officials have been meeting the head of Vietnam's Communist party at the White House.

Trade, human rights and defence cooperation were on the agenda durinh a visit aimed at boosting ties, 20 years after the US and Vietnam normalised relations following the Vietnam War.


Here's our US correspondent Lorna Shaddick.


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UN Recommends Further Inquiry Into 1961 Hammarskjöld Plane Crash

United Nations Secretary-General Ban Ki-moon says further
investigation is needed to uncover the truth behind a 1961 plane crash
that killed then Secretary-General Dag Hammarskjold and fifteen others
in the British protectorate of Northern Rhodesia, now Zambia. In a
letter to the U.N. General Assembly circulated Monday, Ban said an
independent review of the incident suggests the aircraft could have
been the target of an air attack.

Patrice Howard reports from UN Headquarters.

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London recalls the 7/7 atrocity 10 years on

Memorials have been taking place across the British capital to mark the tenth anniversary of the 7/7 suicide bomb attacks on London's transport network. 

52 commuters were killed that day while around 700 people were injured, many seriously.   

The four British-born bombers had travelled to London from Leeds and Buckinghamshire that day, inspired by the Al Qaeda terror group. 

Services of remembrance have been held at St Paul's Cathedral and at the permanent memorial to the victims in Hyde Park.  London's Transport Network also came to a halt to observe a minutes silence. 

Prime Minister David Cameron said the anniversary was a time for reflection. 


IN: "It's a day...
OUT: ...the victims."
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London Mayor Boris Johnson said the the 10 year anniversary finds London stronger than ever. 


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OUT: ...aims were."
DUR: 15

 


For many Londoners and visitors alike, memories of the day ten years ago remain vivid, however travellers at Kings Cross station said they were not afraid to use the London transport network.  


IN: "I was very aware..
OUT: ...at all."
DUR: 30

 
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US cruiseline wins approval for Cuba sailings

Carnival cruiselines says it's received approval from the US government to begin services to Cuba.

The Florida-based company hopes to start taking American customers to the island next year.

Steve Mort reports.

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Iran nuclear talks extended in Vienna

Negotiators trying to hammer out a nuclear deal with Iran are extending talks in Vienna until at least the end of the week.







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Eurozone finance ministers discuss new Greek proposal

Eurozone finance ministers are meeting in Brussels to discuss a new Greek proposal for emergency aid. 

After a summit in Paris between German Chancellor Angela Merkel and French President François Hollande, the countries agreed to hold new talks with Greece, but warned a deal will not be reached quickly. 

Meanwhile, Greek banks have been closed for nearly a week and are down to an estimated 500 million euros in deposits. 

The European Central Bank decided Monday night to freeze liquidity assistance to Greek lenders, but raised the level of collateral needed to qualify for aid.

The move adds more pressure to achieve a rescue deal, which ING Economist Anthony Baert [PRON: "BART"] says would be the best solution for Greece.

IN:"This would"
OUT: "debt restructuring"
DUR: 28 sec


ALT: ING Economist Anthony Baert [PRON: "BART"] says that Eurozone finance ministers will have to consider whether to give the ECB a green light to continue funding Greek banks.

IN: "The greek"
OUT: "liquidity assistance"
DUR: 1:24

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