UK finance minister Kwasi Kwarteng sacked

The UK finance minister Kwasi Kwarteng has been sacked.

Prime Minister Liz Truss is expected to announce a U-turn on her economic strategy in a press conference later.

Giles Gibson has more from London.

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Nigerian Court Drops Charges Against Separatist Leader, Nnamdi Kanu

The Appeal court in Nigeria has discharged leader of separatist group, Nnamdi Kanu of 15 count terrorism charges brought against him by the Nigerian government.

 

He leads the proscribed secessionist group, the Indigenous People of Biafra (IPOB) who are agitating for the creation of an independent state in South-eastern Nigeria.

 

Correspondent Tesem Akende reports from Jos.

 

Take Radio

 

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RUSSIA WARNS UKRAINE GRAIN DEAL NEEDS CHANGES

Russia is warning it wants to revise a landmark deal between Turkey, the United Nations, and Ukraine that's meant to ensure the possibility of exports through the Black Sea.

Moscow says the agreement, which it hailed at the time as a success, is "not equal" and "not being fairly implemented by all sides".

Stuart Smith has more from Moscow.

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Food giant Danone plans to offload its dairy and plant-based food business in Russia

French food company Danone has announced plans to offload its dairy and plant-based food business in Russia.

It's a transaction which could result in a write-off of up to 978 million dollars.

Ross Cullen reports from Paris.

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Indian students who fled Ukraine to be admitted in Uzbekistan's universities

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The Indian government will relocate thousands of students who fled Ukraine to universities in Uzbekistan.

Many medical students had left Ukraine mid-semester when the war broke out.

After months of disruption, they now have a chance to go back to their academics.

Ishan Garg reports.

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UK GOVT TO HOLD TALKS ON MINI-BUDGET U-TURNS

The UK's finance minister has cut short his visit to the International Monetary Fund in Washington as pressure mounts to reverse parts of his mini budget.

Kwasi Kwarteng will hold urgent talks with Prime Minister Liz Truss and Conservative MPs on Friday about changes to the plans.

The government's considering making U-turns on some of the tax-cutting measures which spooked financial markets.

Trade Secretary Kemi Badenoch says she still has faith in the Prime Minister.

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S Korea sanctions Pyongyang for first time in five years

South Korea is imposing its first unilateral sanctions against North Korea in five years in response to ongoing missile tests.

It comes as Pyongyang fired another missile into the Sea of Japan on Friday morning. 

Chris Gilbert reports.

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Marathons and music set to return in Hong Kong

Hong Kong is easing some of its long-running Covid-19 restrictions, allowing live music to resume and the city’s marathon to go ahead. The moves come amid mounting pressure on the government to restore the city’s reputation as a finance and tourism hub.  

Richard Kimber reports from Hong Kong.

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Wall Street sees massive rally after weak inflation report

U.S. stocks staged a monumental comeback during trading hours despite
the release of more troubling inflation data.

The latest consumer price index figures suggest rising interest rates
are yet to have the desired effect.

William Denselow reports from New York.

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Jan 6th committee votes to subpoena Donald Trump

The committee investigating the Jan 6th attack on the US Capitol has
voted to subpoena former president Donald Trump.

The committee says it has enough evidence to push for criminal
charges, against multiple individuals, relating to the attempts to
overturn the 2020 presidential election.

Nick Harper reports from Washington.

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Donald Trump forms new company

Donald Trump has formed a new company under the same name as his
existing organization.

New York's attorney general has accused the former president of trying
to use it to escape some of the penalties of the state's lawsuit
against him.

William Denselow reports from New York.

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Gunman in Parkland, Florida school shooting avoids death penalty

A U.S. jury has recommended life in prison for the young man
responsible for the country's deadliest high school shooting.

Nikolas Cruz was 19, when he returned to the school in Parkland,
Florida that expelled him, and opened fire.

U.S. correspondent Gabrielle Fahmy reports.

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NATO boosts air defence deliveries to Ukraine

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NATO defense ministers have concluded a two-day meeting by reiterating their commitment to supporting Ukraine. Allies announced deliveries of air defense systems and specialist equipment to help Ukraine's forces get through the winter ahead a move welcomed by NATO Secretary General Jens Stoltenberg

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Jan 6th hearings to focus on warnings of violence

In the U.S., the latest January 6th committee hearing is expected to
focus on warnings given to former president Donald Trump that violence
was expected.

It comes after the committee received more than 1.5 million documents
from the Secret Service, some of them concerning Trump's attempts to
join protesters at the Capitol.

Nick Harper reports from Washington.

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U.S. inflation remains stubbornly high

Inflation in the United States remains red hot despite efforts from
the Federal Reserve to ease price pressures.

The Central Bank has raised interest rates by three percent since
March with more rate hikes expected in the coming weeks.

William Denselow reports from New York.

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U.S. and Mexico strike deal on Venezuelan migrants

Twenty-four thousand Venezuelan migrants will gain entry to the U.S. under a new deal the Biden Administration has struck with Mexico.

The plan is intended to relieve some of the pressure at the border. Almost four times as many Venezuelans have attempted to cross into the US via Mexico this year - many having made the dangerous trek at the hands of ruthless smuggling organizations.

Toni Waterman has more.

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SEPTEMBER UK HOUSING DATA HINTS AT 'STORM CLOUDS' OVER SECTOR

UK house sales hit their lowest levels since the Covid 19 pandemic in September, sparking fresh predictions of a market slowdown. Rising interest rates appear to be leading to a fall in inquiries from buyers - as the Bank of England predicts the number of households struggling to meet mortgage repayments could hit 800,000 by the end of next year. Laura Makin-Isherwood reports from London.

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UK Prime Minister under pressure to U-turn

The UK Prime Minister is facing increasing pressure to reverse her mini-budget.

A growing number of MPs from Liz Truss' own party are calling on her to rethink the economic strategy introduced last month.

The budget saw the pound plummet to record levels against the dollar and forced the Bank of England to intervene.

Sally Patterson has more in London.

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Floods Kill 500 People, Damages 90,000 Homes across Nigeria

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Authorities in Nigeria say at least 500 people have been killed in floods across the country.

 

About 90,000 homes have also been partially or totally submerged in the floods that have also displaced over 1 million people in about 31 States of the country.

 

Ajeck Mangut reports from Abuja

 

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French president promises more weapons for Ukraine

The French president has promised "more radars, more systems, more missiles" for Ukraine.

Emmanuel Macron also called on Vladimir Putin "to return to the negotiating table".

Ross Cullen reports.

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