Wednesday, July 15, 2020

EU Court overturns Apple €13bn Irish tax bill

The EU's second highest court has ruled that Apple will not have to pay Ireland €13billion back in taxes, after winning an appeal. 

It follows a record ruling against the US tech giant by the European Commission in 2016. 

Lucy Hough has more from Brussels. 

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Disneyland Paris re-opens after four-month closure

Disneyland Paris is re-opening after four-month closure, but with reinforced health and safety measures.

The move comes just days after the entertainment company's park in Hong Kong was closed once again due to a new outbreak of coronavirus cases there.

Ross Cullen has more.

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Seoul City to investigate sexual abuse allegations against late Mayor Park

Seoul says it's going to conduct its own investigation into sexual harassment allegations against Mayor Park Won-soon, who died last week in an apparent suicide. 

Bruce Harrison reports from Seoul.


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Bruce Harrison
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Twitter: @brucesbeat

Kenya Airways Resumes Domestic Flights Ahead of Reopening of International flights.

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Kenya's National Carrier has resumed domestic flights after over three months without carrying passengers.

The start of domestic flights comes about a month earlier than the official reopening of the skies to international flights that begin on August 1st.

Isabel Nakirya reports

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CHINA PROMISES RETALIATION AGAINST US

China has promised retaliatory sanctions against the United States, after US President Donald Trump signed an executive order and a new law authorising its own sanctions on Beijing over the  controversial new security law in Hong Kong. Richard Kimber reports from Hong Kong.

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Russia to re-open international borders

Russia is beginning to re-open to international travel, more than three months after borders closed because of the pandemic. Foreigners will no longer need to quarantine, if they have proof of a recent negative coronavirus test. But it could be longer until regular international flights resume, as Moscow Correspondent Lucy Taylor reports. 


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CHINA SLAMS UK HUAWEI DECISION

China's slammed the UK's decision to ban Huawei from its 5G networks as 'disappointing and wrong'.

Meanwhile, Huawei says it will leave the UK in the 'digital slow lane' and has again denied its kit has ever been used for espionage.

The UK says US sanctions on Huawei mean the tech firm cannot be relied upon for equipment in the 5G rollout.

President Trump has hailed the decision by the UK, while also attempting to take credit for it.

Huawei UK spokesman Ed Brewster says the company can be trusted.

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Google to invest $10 billion in India

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The US tech giant Google will invest $10 billion dollars in India over the next 7 years.

Google's parent company Alphabet's CEO Sundar Pichai made the announcement after a virtual meeting with the Indian prime minister Narendra Modi.

Ishan Garg has more from New Delhi.

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Pres. Trump ends Hong Kong's preferential trade status

U.S. President Donald Trump has officially ended Hong Kong's preferential trade status, signing legislation that means the city will now be treated the same as mainland China. Richard Kimber reports from Hong Kong.


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Tokyo to raise COVID-19 alert to highest level: Asahi

Japan's Asahi newspaper is reporting that Tokyo will be raising its alert level to the highest of four levels. Grace Lee has more.


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Australia: States Covid cases continue to rise

Corona virus cases in the Australian state of Victoria continue to rise, with another 238 cases reported in the state in the past 24 hours.


Shaun Bindley reports.


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Tuesday, July 14, 2020

Moderna's Covid-19 trial vaccine show promising results

Moderna, the US-based biotech company working on developing a Covid-19 vaccine, saw its shares soar by more than 13 percent Tuesday after announcing promising results from its Phase 1 trial.

The Cambridge, Massachusetts startup revealed its early-stage tests produced strong immune responses and was generally safe. 

U.S. Correspondent Liling Tan reports. 

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Trump signs Hong Kong Autonomy Act into law

US President Donald Trump has signed the Hong Kong Autonomy Act into law.

It will allow the United States to sanction Chinese officials and entities who implement Beijing's national security law in Hong Kong.

Our Washington Correspondent Jagruti Dave reports

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White House Reverses Visa Rule for Foreign Students


The Trump Administration has rescinded its new rule to revoke visas for international students if their US university courses were fully online due to the coronavirus pandemic. 


The change of mind comes in the wake of multiple lawsuits including by more than a dozen US states as well as Harvard University and the Massachusetts Institute of Technology.


US Correspondent Liling Tan has the story.  


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Big gains on Wall Street on earnings and Fed comments

The Dow Jones closed the day up more than two percent Tuesday
following better-than-expected profits from JP Morgan.

Wall Street was further buoyed by comments from a Federal Reserve
Governor calling for prolonged stimulus to offset the economic impact
of Covid-19.

William Denselow reports from New York.


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US Applauds UK Huawei Decision

US Secretary of State Mike Pompeo says the United States welcomes the UK's decision to ban Huawei from future 5G networks. 

Months after announcing it would allow Huawei to play a limited role in its 5G networks, the UK has reversed course.


Technology Correspondent Rachel Silverman has more. 


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UN Chief warns virus could set world back by decades


The United Nations on Tuesday warned that the COVID-19 pandemic could set the world back years and even decades.


Addressing a high-level meeting on sustainable development, UN Secretary General Antonio Guterres said the setback could leave countries with massive fiscal and growth challenges. 


UN Correspondent Liling Tan reports.


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Ghislaine Maxwell pleads not guilty and denied bail

Ghislaine Maxwell, the British socialite and longtime companion of
Jeffrey Epstein, has been denied bail.

Maxwell is accused of recruiting, grooming and abusing minors - some
as young as 14-years-old.

William Denselow reports from New York.

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U.S. reverses foreign student deportation plan

The US government has u-turned on plans to deport foreign students if
their college classes are moved online.

The Trump administration had faced lawsuits from several prominent
universities and colleges over the proposals.

US correspondent Nick Harper reports.

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Belarus excludes opposition candidates from election

The Belarusian election commission has blocked the two leading challengers to Alexander Lukashenko ahead of an upcoming presidential vote. A wave of protests has sprung up in Belarus as Lukasheno prepares to run for a sixth consecutive term in power. Julia Chapman has more.

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