Thursday, June 30, 2016

BORIS JOHNSON QUITS TORY RACE

Former London Mayor Boris Johnson has announced he will not run to be leader of the UK Conservative Party and Prime Minister.

Mr Johnson had been a front-runner for the post, having been a prominent figure in the campaign for Britain to leave the European Union.

But he's decided not to run after a former ally - Justice Minister Michael Gove - announced he would withdraw his support for Boris and stand himself.

Boris Johnson made the announcement in central London.

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OUT: …referendum."
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UK Home Secretary launches Conservative Leader bid

The UK Home Secretary Theresa May has launched her bid to become the next leader of the Conservative Party.

Speaking in central London, Mrs May said as leader of a Brexit government she would negotiate the best possible terms with the EU following the referendum result, while once again uniting the UK and the Conservative Party.

The competition to succeed David Cameron as the UK Tory leader and Prime Minister began after Mr Cameron said he would be resigning, following the UK's vote to Leave the European Union.

Our UK correspondent Martha Holeyman reports.

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MAY ENTERS LEADERSHIP RACE

UK Home Secretary Theresa May has launched her bid to lead the Conservative Party and therefore become Prime Minister.

As she officially enters the race, Justice Minister Michael Gove has thrown his hat in the ring which is expected to harm the chances of former London Mayor Boris Johnson.

Prime Minister David Cameron is resigning to allow a successor to manage the British exit from the European Union.

Theresa May says if she becomes Prime Minister she will not call an early general election.

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OUT: FX fade
DUR: 21 seconds

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GOVE, MAY ENTER RACE FOR UK TORY LEADER

UK Home Secretary Theresa May has launched her bid to lead the Conservative Party and therefore become Prime Minister.

As she officially enters the race, Justice Minister Michael Gove has thrown his hat in the ring which is expected to harm the chances of former London Mayor Boris Johnson.

Prime Minister David Cameron is resigning to allow a successor to manage the British exit from the European Union.

UK correspondent Olly Barratt says Mr Gove standing for leader came as a shock.

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OUT: …Minister."
DUR: 48 seconds

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Popstars Complain to EU over YouTube

Some of the world's greatest pop stars have written to the European Union to complain that YouTube is siphoning money away from them.

According to the Financial Times, the celebrity singers say there's a growing value gap between online music consumption and revenue.

Our Europe Correspondent Kevin Ozebek has more from Brussels. 


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German economy prepares for Brexit

An official with International Monetary Fund said it is likely to lower its growth forecast for Germany after the United Kingdom's vote to lower the European Union.

Meanwhile, the finance minister of the German state of Bavaria warned that Germany should not be saddled with extra costs as a result of the Brexit.

Ira Spitzer reports from Berlin.

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FRANCE: FREEDOM OF MOVEMENT 'ON TABLE' IN UK NEGOTIATIONS

France has signalled it may be prepared to allow Britain to restrict freedom of movement as it negotiates its exit from the EU.

Most EU leaders have warned Britain that if it wants to remain a part of the European single market, it would have to accept the free movement of EU citizens.

But France's Finance Minister Michel Sapin has told the BBC that the issue will be up for debate in negotiations.

Brussels correspondent Jack Parrock says his comments have surprised many.

IN: "Throughout…
OUT: …on that."
DUR: 32 sec

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Russia moves to revive ties with Turkey

Russian government is set to work out measures to restore trade and economic ties with Turkey. The move follows a telephone call between the Russian and the Turkish leaders arranged on Wednesday after Ankara expressed regrets over the downed Russian jet. Daria Bondarchuk reports from Moscow.

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UK CONSERVATIVES, LABOUR, IN LEADERSHIP RACES

Former London Mayor Boris Johnson and Home Secretary Theresa May are entering the race to become Conservative Party leader and therefore UK Prime Minister.

They're considered the clear front-runners in the process which will choose a successor to David Cameron.

He's stepping aside after losing a campaign to keep Britain in the European Union.

Whoever becomes Conservative leader will also be Prime Minister and be tasked with negotiation a so-called Brexit.

Political reporter Theo Usherwood says Theresa May has been setting out her stall.

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OUT: …Brexit."
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A challenge is also expected for Labour leader Jeremy Corbyn.

MP Angela Eagle is thought to be about to announce a challenge with many MPs angry at Mr Corbyn's leadership of the opposition.

Political reporter Theo Usherwood says she may not be the only one.

IN: "Watch out…
OUT: …losing."
DUR: 34 sec

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Turkish ministers meet with EU officials in Brussels over Turkey's EU membership aspirations

Turkish ministers are meeting with senior European Union officials in Brussels to discuss Turkey's accession process to join the bloc.

Turkey's potential membership of the EU was used by those in favour of leaving the EU during campaign ahead of the UK's vote to exit the European Union last week.

Our Europe correspondent Jack Parrock reports.

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Australian Election on a knife edge - polls open Saturday

With just two days to go until the Australian federal election, the heat is supposed to have been turned down by both leaders of the major parties after both called for civility in the parliament.
Arthur Stevens has more

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Debt restructuring for Puerto Rico

U.S. President Barack Obama is set to sign legislation restructuring $72 billion in debt owed by Puerto Rico.

The U.S. Senate approved the legislation with less then two days before the American commonwealth was about to default.

Our U.S. correspondent Priscilla Huff reports:

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Most banks pass stress tests - US Federal Reserve

31 of the 33 biggest banks in the United States have passed the so-called stress tests imposed by the U.S. Federal Reserve.

The goal of the process is to prevent a financial meltdown as the world saw in 2008.

Our U.S. Correspondent Priscilla Huff reports:

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Wednesday, June 29, 2016

Pres. Obama vows to keep working on trade pacts

At the North American leaders summit, U.S. President Barack Obama, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto announced measures to make travel and trade easier between their three countries.

Their promises of cooperation come one day after expected Republican presidential candidate Donald Trump swore to walk away from many trade deals, including the TPP - Trans Pacific Partnership.

U.S. President Barack Obama noted the global economy and trade are already multilateral.

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OUT: ...for it."
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Canadian Prime Minister Justin Trudeau agreed, that trade can help improve lives.
 
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No need to panic on Brexit - Pres. Obama

U.S. President Barack Obama firmly believes that the exit of the United Kingdom from the European Union can go forward in an orderly fashion.

He also knows that there are likely some long-term effects, while the European Union Council says the United Kingdom cannot pick and chose what facets of the Union to keep and which to leave.

President Obama says, he knows the transition won't be easy.

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OUT: ...that's recognized."
DUR: 27


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Pres. Obama vows terrorists will be defeated

U.S. President Barack Obama expressed condolences to the victims of the terror attack on Attaturk International airport, vowing terrorists would be defeated.

On the record, U.S. officials would not confirm that the Islamic State was behind the attack, but off the record, feel that evidence points to their involvement.

U.S. President Barack Obama promised all resources necessary to Turkey to investigate what he calls a crime.

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President Obama Reaffirms America's Commitment to Fight ISIS

((WRAP))

President Obama has reaffirmed America’s commitment to partner with Turkey and other allies to fight ISIS. 

The U.S. President sent his condolences to the Turkish people over Monday’s attack by suicide bombers at the Istanbul airport. 

US Correspondent Rachel Silverman has this report.

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Moscow agrees to NATO talks, after Warsaw summit

Russia has said it will meet with NATO leaders in Warsaw after the NATO summit there next month.

The summit comes amid high tension over the military alliance's move to deploy troops to Poland and the Baltics. 

Mary MacCarthy reports from Moscow:

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LABOUR MP 'TO LAUNCH LEADERSHIP CHALLENGE'

It's reported that UK Labour MP Angela Eagle will launch a bid to take over as party leader from Jeremy Corbyn.

This is expected to take place on Thursday with Labour MPs angry at Mr Corbyn's leadership and his campaigning ahead of Britain's EU referendum.

UK correspondent Olly Barratt reports.

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OUT: ..in turmoil."
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Turkey holds day of mourning

Turkey is holding a day of mourning following the deadly bombing attacks at Istanbul's Ataturk airport.

Three attackers opened fire in the airport, and then blew themselves up, killing over 40 and injuring over 200 in the process.

Turkish authorities say they believe the Islamic State group is behind the attack.

The attack came just one day after the US State Department issued a warning to American citizens to watch out for terror threats in Turkey.

However, State Department spokesperson Mark Toner said he's not saying people shouldn't visit the country.

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OUT: "...these threats."
DUR: 25 seconds

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