Thursday, March 24, 2022

Wall Street rebounds as new jobless claims hit fifty year low

US markets rallied on Thursday after new figures showed a drop in
unemployment claims.

But trading continues to be volatile as the conflict in Ukraine continues.

Sarah Walton reports

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Biden calls for G20 to expel Russia, unveils fresh assistance for Ukraine

President Biden says he believes Russia should be stripped of membership in the G20….and he said if other G20 members did not agree, then he would propose that Ukraine should attend the group's summit in Indonesia later this year.


He unveiled a billion dollars in humanitarian relief for Ukraine, and said the US will open its doors to up to 100,000 refugees from the conflict.


Speaking after an emergency NATO summit in Brussels, the President said the alliance is determined to project unprecedented unity in light of the Russian invasion.


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And the President was asked:  if Russia uses chemical weapons in Ukraine, will NATO respond?


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Earlier in the day senior US administration officials said a chemical attack by the Russians would NOT lead to a NATO response.


British Prime Minister Boris Johnson told reporters NATO is determined to continue sending weaponry to help Ukraine, and additional forces to the alliance's eastern flank.


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Tomorrow President Biden heads to Poland, and he hinted today at a possible trip into Ukraine….although held back from disclosing any details.

Biden supports Russia G20 expulsion

US President Joe Biden says he supports the idea of expelling Russia from the
G20 as punishment for Moscow's invasion of Ukraine.

The President has attended meetings in Brussels with NATO and the G20,
during which he announced new American sanctions against Russia, and a
plan to allow 100,000 refugees into the US.

Nick Harper reports from Washington.

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Biden supports expelling Russia from G20

US President Joe Biden says he supports Russia being expelled from the
G20 over its invasion of Ukraine.

He's also warning the US is ready to respond if Russia launches an
attack using chemical weapons.

President Biden spoke to reporters in Brussels after meetings with
NATO and the G20 aimed at shoring up a united front against Moscow.

Mr Biden was asked if Russia should be punished for its invasion of
its neighbor by being thrown out of the Group of 20 countries.

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President Biden was asked if the US would act if the Kremlin used
chemical weapons, something the US leader has warned could happen.

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President Biden said President Putin underestimated NATO and how the
western military alliance would respond.

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The US has warned China could help Russia with military and economic
support, but President Biden said he hoped China's leader Xi Jinping
would think carefully before acting.

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UN condemns North Korea missile test

The United Nations has condemned North Korea's test of a banned
intercontinental ballistic missile.

The move has been seen as a major escalation of tensions in the region.

Sarah Walton reports

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UN General Assembly backs Ukraine's humanitarian resolution

The United Nations General Assembly has voted in favor of a resolution
calling for safe humanitarian access to Ukraine and condemning
Russia's invasion.

A competing resolution that didn't mention Russia was rejected.

Sarah Walton reports.

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NATO leaders agree to reinforce alliance's eastern flank

NATO leaders have agreed to send troop reinforcements to the alliance's eastern fringes in light of the Russian invasion of Ukraine.


Four new battle groups are to be positioned in Hungary, Romania, Bulgaria and Slovakia after NATO leaders ratified the decision at an emergency summit in Brussels today.


US President Joe Biden has also announced fresh initiatives.


Reporter Linda Kennedy is covering both the NATO summit that took place this morning, plus two other leader-level meetings in Brussels today.


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US sanctions 400 Russian lawmakers & defense companies

The US is sanctioning more than 400 Russian lawmakers, elites and
defense companies over Moscow's invasion of Ukraine.

The latest measures come as western nations develop a new raft of
measures to impose against the Kremlin.

Nick Harper reports from Washington.

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New challenges brought against Texas abortion law

Abortion advocates are trying a new tactic in their fight to overturn Texas' restrictive abortion law, which bans the medical procedure after about six weeks of pregnancy.

Two groups have filed a series of new lawsuits that don't even focus on the abortion itself.

Toni Waterman has more from Texas.

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US President Biden in Brussels for three major summits on Ukraine

US President Joe Biden is joining fellow Western leaders in Brussels for a series of emergency summits on the war in Ukraine, a month after Russia's invasion began.


NATO, the G7 and the European Union are all holding meetings — Mr Biden will take part in them all, making him the first ever US President to visit an EU summit.


Our US Correspondent Benji Hyer has more. 


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P&O Ferries boss admits company did not consult unions before mass sacking

The chief executive of P&O Ferries acknowledged the firm failed to consult with trade unions before firing 800 staff without notice last week. 


Giving evidence to MPs on Thursday, CEO Peter Hebblethwaite refused to be drawn on whether the ferry operator broke the law. 


But Prime Minister Boris Johnson has accused P&O of breaching UK labour laws, and said the company could face fines or possible prosecution.  


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INTERNATIONAL MONETARY FUND READY TO LEND MORE TO NIGERIA

The International Monetary Fund (IMF) has hinted that it has not foreclosed granting credit facilities to Nigeria and other emerging economies within its membership.

According to the IMF, the credit facilities would come through its financial safety nets.

Correspondent Ajeck Mangut has more.
 
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UK Chancellor accused of 'failing the very poorest'

The Chancellor of the UK government is facing backlash following his Spring Statement.


Critics say the mini-budget, an annual statement setting out the government's plans to reform and reduce taxes, does not go far enough in easing the cost of living crisis.


Sally Patterson has more.


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Prince William expresses sorrow for “atrocity of slavery” during Jamaica visit

The Duke of Cambridge addressed Britain's role in the transatlantic slave trade during a speech to Jamaica's leaders. But he stopped short of the apology some campaigners had called for.

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MOSCOW EXCHANGE TRADING RESTARTS AFTER 1 MONTH WITH MAJOR PRECAUTIONS

33 companies have resumed trading at the Moscow Exchange for the first time in a month, after the stock market closed to prevent a massive sell-off.

Russia's largest 50 companies initially lost 33% of their value after Russia invaded Ukraine and sanctions were imposed, but on Thursday some of them made gains.

Stuart Smith has more from Moscow.

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Indian private oil company Nayara Energy buys 1.8 billion barrels of Russian oil

Intro:

Indian petroleum company Nayara has purchased nearly two million barrels of Russian oil according to the private database Refinitiv.

Analysts say India is now purchasing oil from Russia at discounted rates to reign in the prices of fuel domestically.

Ishan Garg has more from New Delhi.

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Japanese PM Plans Further Sanctions on Russia

Japanese Prime Minister Kishida Fumio says he plans to impose further sanctions on Russia for its invasion of Ukraine.
That - ahead of his departure for a G7 meet in Brussels.
Leaders of the Group of Seven nations and NATO are gathering on Thursday to discuss the crisis.

Nora Weinek reports from Tokyo

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Royal Commission finds casino operator facilitated money laundering.

The Royal Commission into Crown Resorts has found the company isn't suitable to hold a casino licence in Perth in the state of Western Australia - but it can still operate.


The 1000-page report found Crown, which also operates casinos in two other states, had facilitated money laundering - enabled junkets with links to organised crime - and failed to minimise gambling-related harm through the use of electronic gaming machines.

Shaun Bindley reports.

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COURTESY AIR NEWS MEDIA - AUSTRALIA


China plane crash investigators analyse cockpit voice recorder

Crash investigators in China are analyzing the cockpit voice recorder from the Boeing jetliner that crashed on Monday. Rescue work at the crash site has been hampered by bad weather, and all 132 passengers and nine crew are presumed dead.

Richard Kimber reports from Hong Kong.

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Wednesday, March 23, 2022

UN Security Council rejects Russian resolution on Ukraine

A humanitarian resolution on Ukraine drafted by Russia has failed to
pass the UN Security Council.

China was the only other country to back the draft.

Sarah Walton reports.

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