Wednesday, December 12, 2018

Indian government appoints new RBI governor following central bank standoff

Following the shock resignation of India's central bank governor, Urjit Patel, the government has appointed former economic affairs secretary Shaktikanta Das to take over the post.

This comes after India's government has been locked in a tense dispute with the Reserve Bank of India over a number of issues in recent weeks. 

Our correspondent Rebecca Bundhun reports from Mumbai.

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India's ruling party loses crucial state elections

Indian Prime Minister Narendra Modi's Bhartiya Janata Party has lost to the country's main opposition party, the Congress in three crucial state elections held over the last several weeks.

These elections- that saw five states go to polls- have been widely dubbed as the 'semifinal' ahead of national elections early next year.

Our India correspondent Neha Poonia reports.

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U.S., S. Korea facing deadline on troop cost-sharing deal

South Korea and the U.S. are struggling to reach a deal on sharing the cost of keeping American troops in South Korea. Their current multi-million dollar deal is set to expire at the end of the month.


Bruce Harrison reports from Seoul.


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Multiple rounds of talks have failed to reach a new cost-sharing agreement.


Seoul now pays about half the cost to keep U.S. troops here, roughly 830-million dollars.


The U.S. reportedly wants South Korea to pay more, which has forced negotiators into a deadlock.


According to Stars and Stripes, most of Seoul's contribution pays salaries for locals who help maintain the U.S. troop presence.


The daily also reports South Koreans working on U.S. bases will be furloughed if the two sides can't reach a deal.


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U.S. considers China travel advisory

It's being reported that the United States is considering issuing an
updated travel warning for U.S. citizens heading to China.

The advisory would warn that there could be retaliation to the
detention of Huawei's Chief Financial Officer in Canada.

Meng Wangzhou has been released on bail but is accused by the U.S. of
misleading banks about Huawei's control of a firm doing business in
Iran.

U.S. correspondent William Denselow reports.

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Huawei Exec Gets Bail

A Candaian court has granted bail to Huawei's chief financial officer, while she waits for a hearing on extradition to the United States. 

The US Justice Department wants Meng Wanzhou brought to the United States to stand trial on fraud charges. 

US Correspondent Rachel Silverman has details. 



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Tuesday, December 11, 2018

Two dead in Strasbourg shooting

*** PLEASE CHECK LATEST DEATH TOLL / INJURY FIGURES ***

At least two people have been killed at a shooting in the French city of Strasbourg and the gunman is still on the loose.

The authorities say 11 others have been injured. 

Our correspondent Oliver Whitfield-Miocic reports from the French capital

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May Returns Home After Getting Little from Europe

UK Prime Minister is back in London after spending Tuesday in mainland Europe, trying to salvage the Brexit divorce deal.

This after on Monday she delayed the deal being voted on by the House of Commons because it was doomed to be voted down. 

After meetings in the Netherlands, Germany and Belgium…the EU as expected has given no concessions.

Our Europe Correspondent Kevin Ozebek has more from Brussels.  

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US, Russia spar over military flights to Venezuela

The US has criticized Moscow over Russian military fights to Venezuela.

But the Kremlin says it was inappropriate for US Secretary of State Mike Pompeo to condemn the fight of two nuclear-capable strategic bombers to Caracas on Monday.

Steve Mort reports.

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May Returns Home After Getting Little from Europe

UK Prime Minister is back in London after spending Tuesday in mainland Europe, trying to salvage the Brexit divorce deal.

This after on Monday she delayed the deal being voted on by the House of Commons because it was doomed to be voted down. 

After meetings in the Netherlands, Germany and Belgium…the EU as expected has given no concessions.

Our Europe Correspondent Kevin Ozebek has more from Brussels.  

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Google CEO Grilled by Lawmakers

Google Chief Executive Sundar Pichai told a US Congressional panel the company currently has no plans to launch a search engine in China….but he did not rule out a future launch.

It was Google's turn in the hot seat….and Sundar Pichai's first time in front of Congress. Technology Correspondent Rachel Silverman has more. 


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Mays says European leaders share determination to clarify Irish backstop


British Prime Minister Theresa May says there is a shared determination among European leaders to find an acceptable compromise on the Irish border issue which is currently scuppering her proposed Brexit deal. 

In a dash across Europe to see leaders from the Netherlands, Germany and EU officials, Mrs May said she was beginning a negotiating process to clarify the controversial position which could see Northern Ireland treated differently from the rest of the the UK to avoid a hard border between Ireland and Northern Ireland.  This would come into force if London and Brussels fail to negotiate a trade agreement in the time available. 

It comes as Mrs May faces a fierce backlash for postponing a parliamentary vote on her Brexit deal with speculation opponents within her own Conservative party have the numbers to challenge her leadership. 

However speaking in Brussels Theresa May said she was making progress on clarifying the backstop issue.

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However speaking in Brussels Theresa May said her opponents must be realistic that any deal would require some form of backstop to deal with the  border issue. 


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Trump says "proud to shut down government" during border-wall fight


Donald Trump says he would be proud to shut down the US government in order to force through his border security policies

His remarks came during a heated exchange in the Oval Office with democratic congressional leaders.

Kevin McAleese has this from Washington

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Chinese telecoms executive facing extradition to US to appear in court again Tuesday

A top Chinese telecoms executive is due to appear in court in Canada again on Tuesday as her bail hearing continues.

Huawei Technologies' Chief Financial Officer Meng Wanzhou faces possible extradition to the United States over allegations she helped the company to dodge US sanctions on Iran. 

Kate Fisher reports from Washington

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US and China hold more trade talks

US President Donald Trump says "some important announcements" are going to be made regarding trade talks with China.

His tweet came as officials said Chinese Vice Premier Liu He, US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer held a phone discussion on Tuesday.

From Washington, Harry Horton reports.

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Man arrested after break in at Houses of Parliament


Police in London have arrested and tasered a man after he allegedly broke into the groups of the Houses of Parliament in Westminster.  


The incident occurred in the same location as the 2017 Westminster terror attack, however police say they do not believe the incident was terror-related. 


From London, Phoebe Hopson reports. 



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May on dash across Europe to try to save her Brexit deal


British Prime Minister Theresa May is on a day long dash across Europe in a bid to salvage her Brexit deal,  however the ahead of their meeting, European Commission President Jean-Claude Juncker says there is no room for renegotiating the deal. 


It comes just a day after Mrs May postponed a parliamentary vote on the proposal, amid concern she would be roundly defeated.   From London, Catherine Drew reports.  


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Macron speech wins over majority of French people

French President Emmanuel Macron's address to the nation last night has won him majority support according to an opinion poll.

Macron announced a rise in the minimum wage and scrapped a tax-rise for the majority of pensioners. 

It follows four weekends of violent protests across the country over fuel duty and the cost of living. 

Our Paris Correspondent Oliver Whitfield-Miocic reports

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MAY MEETS EUROPEAN LEADERS TO DISCUSS BREXIT DEAL

UK Prime Minister Theresa May is touring Europe for talks aimed at saving the Brexit deal she struck with Brussels.

A vote on the deal in the UK's Parliament scheduled for Tuesday was delayed, with Mrs May facing a heavy defeat.

She now hopes to secure concessions from European leaders, particularly around the Northern Ireland border backstop.

The UK's due to leave the EU in March next year - but the terms of its exit need to be voter on by British lawmakers.

UK correspondent Olly Barratt says Theresa May knows she can't re-open significant negotiations.

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UK correspondent Olly Barratt says Theresa May knows she faces a possible leadership challenge from within her own party.

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UK correspondent Olly Barratt says time is running out.

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Sammy Wilson is Brexit spokesman for the DUP of Northern Ireland, which props up Mrs May's government at Westminster - he says her talks in Europe are futile

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PM May to Dash Through Europe to Salvage Brexit Deal

UK Prime Minister Theresa May is heading to the Hague, Berlin and Brussels as she tries to salvage the deeply unpopular Brexit divorce deal. 

On Monday she scrapped having Westminster vote on the deal because the votes weren't there.

But the EU is staying firm that there will be no reopening of negotiations. 

Our Europe Correspondent Kevin Ozebek has more from Brussels.  

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AUSTRALIA: Cyclone warnings issued for the north of Queensland

Residents in far north Queensland are starting to pack up and leave as
ex-tropical cyclone Owen threatens to re-form into a category three system.
Arthur Stevens has more

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