Friday, May 10, 2019

Uber shares drop on stock market debut

Ride-hailing app Uber has gone public on the New York Stock Exchange
with shares falling in early trading.

It struggled as global markets continued to drop over the US-China
trade dispute.

Nick Harper reports from New York.

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Trump in "No Rush" over US-China Trade After Escalating Trade War

Donald Trump says he's in no rush to reach a deal with China, after ramping up tariffs and rattling global markets.

China says it will retaliate even as the country's top negotiator continues with talks in Washington.

From the US capital, Daniel Ryntjes reports...

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SCIENTISTS IN ENGLAND TEST WAYS TO COMBAT CLIMATE CHANGE

The University of Cambridge in England plans to set up a new research facility to explore ways to combat climate change. 


Scientists would investigate radical proposals such as refreezing the Earth's poles and removing CO2 from the atmosphere. 


Holly Hudson reports. 


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UK GROWTH QUICKENS IN Q1

UK economic output picked up pace in the first quarter of 2019 according to new figures.

Part of the acceleration in growth is being attributed to manufacturers stockpiling ahead of Brexit.

Olly Barratt reports from London.

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Royals Launch Mental Health Text Message Service

The Duke and Duchess of Cambridge (William and Kate) have teamed up with the Duke and Duchess of Sussex (Harry and Meghan) to launch a text message service for people experiencing mental health problems.


The 'Shout' service would offer cubical support, 24 hours a day, 7 days a week and has been funded by their combined Royal Foundation.


UK Correspondent Natalie Powell reports.


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Russia and Japan hold new round of peace talks

Japanese Foreign Minister Taro Kono is in Moscow holding peace talks with his Russian counterpart Sergei Lavrov. The two countries are trying to make headway on a treaty, which is being hampered by a territorial dispute. Julia Chapman has more from Moscow.

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India's richest man buys iconic British toy retailer Hamleys

The world's oldest toy retailer is now owned by Mukesh Ambani, India's richest man. 

His company Reliance Industries bought the 250-year-old chain from China's C Banner International for an undisclosed sum.

Our India correspondent Neha Poonia reports.

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McDonald's to temporarily close 169 India outlets following legal battle

McDonald's is closing more than 160 of its restaurants in India for two weeks following a legal battle with a former partner in the country. 

This move has been made as the US fast food chain has reached a settlement and acquired full ownership of the joint venture.

Our India correspondent Rebecca Bundhun reports.

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US increases China tariffs

US tariffs on two hundred billion dollars worth of Chinese products have more than doubled after US and Chinese negotiators failed to reach a deal.

China has vowed to retaliate. The International Monetary Fund says the row poses a "threat to the global economy".

From Washington, Harry Horton reports.

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Thursday, May 9, 2019

Uber prices shares at $45 for IPO, raising $8.1 billion


Uber has priced shares for its blockbuster IPO at $45, raising $8.1 billion.

The share price, though, was at the low end of its previously announced $44 to $50 range.

Our US correspondent Giles Gibson has more:

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Baseball team visit to White House creates racial divide

Nearly all the non-white members of the Boston Red Sox are turning
down a visit to the White House.

It's tradition for the winners of the baseball World Series to meet
the President of the United States.

U.S. correspondent William Denselow reports.

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US seizes North Korean cargo ship

The U.S. navy has seized a North Korea cargo ship is says violated
sanctions by exporting coal.

It's the latest escalation in tensions between the two countries after
Pyongyang carried out two missile tests.

US correspondent Nick Harper reports.

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US seizes "sanctions busting" North Korean cargo vessel

The US has seized one of  North Korea's largest ships, accusing it of violating sanctions.


The "Wise Honest" is now in American custody after allegedly being used to ship coal and heavy machinery to North Korea.


Our US Correspondent Simon Marks reports.


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North Korea fires 2 missiles as Trump envoy stops in Seoul

North Korea launched two missiles on Thursday just as Donald Trump's top envoy to the country arrived in neighboring South Korea.

Steven Biegun is in Seoul amid increasing uncertainty over stalled nuclear talks between Washington and Pyongyang

Our US correspondent Kevin McAleese reports....

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Trump's China Trade Gambit Shakes Global Stocks

Global stock indices have continued to fall over uncertainty about the future of US-China trade talks.

Donald Trump has set in motion a new set of tariffs to be imposed within hours of the arrival in Washington of China's top negotiator.

From the US capital, Daniel Ryntjes reports.

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Daniel Ryntjes
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POLICE INVESTIGATING JOURNALIST MURDER ARREST FOUR MEN IN NORTHERN IRELAND

Police investigating the murder of journalist Lyra McKee in Northern Ireland have made four arrests under terrorism legislation. 


McKee was shot while reporting on rioting in Londonderry. The New IRA said its members carried out the killing.  


Holly Hudson reports. 


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UK OPPOSITION LAUNCHES EUROPEAN ELECTIONS CAMPAIGN

The UK's opposition Party have launched an European elections campaign, ahead of the vote on May 23rd.


But the Prime Minster's Conservative party are unlikely to campaign, as they are focused on leaving the EU. 


Meanwhile losses are expected for both parties. UK Correspondent Natalie Powell has more.


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EU COMMITTED TO IRAN DEAL

The EU says it is fully committed to the 2015 Nuclear Deal after Iran announced on Wednesday it would be pulling back on some of its commitments.


In a joint statement from the European Union and the Foreign Ministers of France, Germany and the United Kingdom it says  "We are determined to continue pursuing efforts to enable the continuation of legitimate trade with Iran." 


Our Europe Correspondent Briohny Williams has more from Brussels:


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AUSTRALIA: Aussie PM says scope for more refugees to be sent to USA

Australian Prime Minister Scott Morrison says he's confident there is scope to send hundreds more refugees being held offshore to the United States.
More than 500 people have been sent to the US under a resettlement deal agreed prior to Donald Trump's ascension to President of the United States, with 1250 places on offer.
Arthur Stevens reports

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COURTESY AIR NEWS MELBOURNE


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The UNHCR Warns of Possible Refugee Influx in to Uganda

SUGGESTED LEAD.

The UN refugee agency in Uganda is preparing for a possible surge in refugee arrivals from the Democratic Republic of Congo and South Sudan.

UNHCR says the deteriorating security situation in eastern DRC and the Equatorial region of South Sudan is pushing more refugees across the border.

Isabel Nakirya reports.

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