Friday, November 4, 2022

Germany's Scholz Arrives in Beijing for Meeting With Xi Jinping

German Chancellor Olaf Scholz has arrived in Beijing for his first in-person visit with Chinese leader Xi Jinping.

China is aiming to solidify ties with Germany as part of a broader push to prevent relations with the EU from deteriorating.

Patrick Fok reports.

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Thursday, November 3, 2022

Stocks continue sell-off on Wall Street from hawkish Fed comments

U.S. stocks continued to tumble, as Wall Street still reels from
Wednesday's comments by the Federal Reserve Chair.

Jerome Powell said hopes for a policy pivot were "premature", after
the central bank delivered a fourth consecutive interest rate hike of
75 basis points.

Gabrielle Fahmy reports.

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IEA warns Europe against energy complacency

The International Energy Agency has warned that Europe could run low on gas in the next year. The agency warned that unless drastic measures are taken, the continent could see shortages as early as summer 2023.

Our correspondent Alex Cadier reports from Brussels.

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French bank BNP Paribas posts better Q3 results than expected

French banking giant BNP Paribas posted a higher-than-expected net profit in the third quarter of the year.


It also saw 10 per cent net growth in income, as Ross Cullen reports.


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UK court hands out penalty of more than $300m to Glencore subsidiary over bribery offences


A London court has ordered a British subsidiary of Glencore to pay a total penalty of more than 300 million US dollars in a bribery case.

Glencore Energy UK Limited, part of the global mining and trading giant, pleaded guilty to bribery offences in relation to its operations in Africa.

Our UK correspondent Giles Gibson has more.

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US President Joe Biden warns of country descending down "path of chaos" after Midterms

President Joe Biden is warning the United States could be set on a "path to chaos" if candidates don't accept the outcome of the Midterm elections next week. 


In a speech late on Wednesday in the nation's capital, he called on Americans to unite in opposition to political violence.


From Washington DC, Benji Hyer reports. 


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Elon Musk to cut half of Twitter jobs

Elon Musk's Twitter has come up with a list of almost 4,000 employees
who will be fired by the end of the week.

That's 50 per cent of the company's workforce.

U.S. correspondent Gabrielle Fahmy reports.

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UN Chief urges action at COP 27 climate summit

The United Nations Secretary-General says the upcoming COP 27 summit
needs to be a turning point in the fight against climate change.

This comes as a new report warns that the last of Africa's glaciers
will be gone by 2050.

William Denselow reports from UN headquarters in New York.

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Former Pakistan PM Imran Khan wounded in leg in "assassination attempt"

The former Prime Minister of Pakistan, Imran Khan has been wounded in the leg after being shot at a political rally.


A senior aide claims the former cricket star was deliberately targeted in an attack that left four others wounded.


Reporter Neha Poonia with more from New Delhi.


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Bank of England: UK facing longest recession since records began


The Bank of England is warning that the UK is facing its longest recession on record, which will drag on into the first half of 2024.

The UK's central bank also raised interest rates by 0.75 percent on Thursday - its biggest hike in more than three decades.

Here's the Governor of the Bank of England, Andrew Bailey, explaining why it's decided to increase rates to 3 percent.

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Former Pakistani PM - Imran Khan shot at a rally

Pakistan's former Prime Minister Imran Khan has been shot at during a rally in Pakistan.

According to local reports a man has been arrested in relation to the attack.

Sreoshi Mukherjee reports...

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EU welcomes Ethiopia cessation of hostilities agreement

The European Union has welcomed an agreement to cease hostilities struck after peace talks in South Africa between the government of Ethiopia and rebel authorities in the Tigray region. 

The United Nations says tens of thousands of lives are believed to have been lost in the conflict, and warns more than five million people are in need of humanitarian assistance in Tigray. 

Nabila Massrali is the European Union's foreign affairs spokesperson. 

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BANK OF ENGLAND ANNOUNCES BUMPER INTEREST RATE RISE

The Bank of England has announced interest rates will increase by 0.75% - the biggest jump in more than three decades. The Bank says the move aims to help reduce inflation - which is currently sitting above 10%. Laura Makin-Isherwood has more.


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Albanian Prime Minister accuses UK lawmaker of 'xenophobia'

The Albanian Prime Minister has accused UK lawmakers of fuelling xenophobia in a row over migration.


Earlier this week Home Secretary Suella Braverman condemned what she called the "invasion" of migrants entering the UK via the Channel.


She also accused Albanians of "abusing" British modern slavery laws.


Sally Patterson has more in London.


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FORMER LIBERIAN REBEL COMMANDER TO SERVE LIFE IN PRISON

The Paris Criminal Court has made a milestone ruling, sentencing a former Liberian rebel  commander to life in prison for crimes against humanity, during the country's first civil war over 20 years ago.


Sarah Coates has more from Paris.


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G7 foreign ministers meet in Germany to discuss Ukraine support, China relations

Foreign ministers from the G7 group of wealthy democracies are meeting in Münster, Germany for talks on supporting Ukraine. 


The ministers from Canada, Italy, France, Japan, Germany, the USA and the EU are also set to discuss relations with China and anti-government protests in Iran. 


Rosie Birchard has more from Brussels.


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Terrorists Abduct 21 Children In Katsina, Demand over $68,000 Ransom


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The police in Katsina State, North West Nigeria say efforts are ongoing to rescue at least 21 children that were abducted by a terrorist gang in the State.



Authorities who confirmed their abduction on Wednesday say the kidnappers are demanding over $68,000 for their release.


Ajeck Mangut reports from Abuja.


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ALBANIA CALLS OUT UK MIGRANT CRITICISM

The Prime Minister of Albania is accusing the UK of unfairly blaming the citizens of his country for fuelling the migrant crisis.

UK Home Secretary Suella Braverman has singled Albanian migrants out for criticism over claims of the abuse of modern slavery laws.

It comes as the UK faces a migrant crisis on its south coast, with thousands of people making dangerous journeys in boats and dinghies across the English Channel.

Cabinet minister Graham Stuart says the key is tackling people smuggling gangs.

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Delhi's air quality turns "very poor", forecast "severe" in the next few days

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A toxic layer of smog is covering India's capital New Delhi with the air quality deteriorating into the "very poor" category.

It's forecast to turn "severe" in the next few days – with the Air Quality Index registering four times more pollutants than what medical experts say is permissible.

Ishan Garg reports.

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NK fires possible ICBM, triggers shelter alert in Japan

North Korea fired multiple ballistic missiles with one of them disappearing from radar on Thursday morning.


This triggered an alert to seek shelter in parts of central and northern Japan.


No damage from the missiles was reported.


Nora Weinek reports from Tokyo.


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