Wednesday, February 8, 2023

Bad day for Alphabet as shares plummet

US stocks sank on Wednesday after a bad day for tech giant Alphabet.


Comments from the Federal Reserve also dampened risk appetite in the markets - as Sally Patterson reports from New York.


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Earthquake death toll rises past 11,000

As the death toll caused by the catastrophic earthquake in Turkey and Syria climbs beyond 11 thousand, Turkish President Recep Tayyip Erdogan has been defending his government's response saying it's not possible to prepare for disasters of this magnitude.


Our correspondent Trent Murray is in the city of Malatya in Turkey and sent this report.

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Balloon part of a global surveillance program operated by China for years

U.S. intelligence agencies say the Chinese balloon shot down on Saturday is part of a global surveillance program.

They're sharing information with other countries believed to have been targeted in recent years.

Caroline Malone reports from Washington.


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Suspected Lockerbie bomb-maker pleads not guilty

The man accused of building the bomb that downed a passenger plane over the Scottish town of Lockerbie in 1988 - killing 270 people - has pleaded not guilty to three charges in federal court. 


Abu Agila Mohammad Mas'ud is charged with two counts of destruction of an aircraft resulting in death and another related count.


He appeared in court in Washington on Wednesday as Kate Fisher reports.


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Uber reports record revenue

Uber has reported record revenue for last year, avoiding the slowdown that has plagued many tech companies.

The ride sharing firm said it made more than two billion trips in the final quarter of twenty twenty two, the most in its history.

Ira Spitzer has more from San Francisco.


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UK COMPETITIONS WATCHDOG RAISES CONCERNS OVER MICROSOFT GAMING DEAL

The UK's Competitions and Market Authority says a proposed deal by Microsoft to buy a prominent games developer could lead British gamers to be subjected to higher prices and fewer choices. While the findings are only provisional - it could lead to further negotiations taking place ahead of any takeover.

Laura Makin-Isherwood has more from London.


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U.N hoping to get additional aid into Syria by Thursday

U.N humanitarian coordinators working in Syria say they're hoping much
needed aid will soon make its way into affected areas.
Speaking to the media on Wednesday, Muhannad Hadi the Regional
Humanitarian Coordinator for the Syria Crisis said there are some
challenges.
Jody Jacobs has more from the United Nations.

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UK may avoid recession but households badly hit

A leading think tank says the UK may narrowly avoid a recession this year but warns that for millions of people, it won't feel like that. It forecasts that GDP growth is likely to remain close to zero and some households will take a big hit to disposable income. Julia Chapman reports.

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MH17 INVESTIGATION OUT OF LEADS AFTER THREE CONVICTED

An international investigation as to how a passenger plane was shot down over Ukraine in 2014 has concluded there are no more leads to follow — and that there's insufficient evidence to launch any new prosecutions.

The Dutch court leading the investigation has already convicted two Russians and a Ukrainian rebel for shooting down flight MH17, killing all 298 people on board.

Until further evidence is found though, it's suspending the years-long investigation.

Stuart Smith reports from Moscow.

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UGANDA SHUTS UN HUMAN RIGHTS OFFICE





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Uganda has closed the United Nations human rights office in the country on grounds that it had become redundant.

According to the country's own foreign affairs ministry, Uganda has developed enough capacity to monitor human rights in the country. 

Hillary Ayesiga, reporting from Kampala



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ZELENSKY VISITS UK

Ukraine's president Volodomyr Zelenskyy is making his first visit to the UK since Russia's invasion of his country.

It comes ahead of a reported trip to Brussels later in the week.

Patrick Wintour is diplomatic editor of The Guardian and says it's a significant visit.

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Nigeria’s Electoral Body Says The Country's Currency Scarcity May Disrupt Elections

Nigeria's electoral body, the Independent National Electoral Commission, or INEC, says a scarcity of the country's new currency notes may disrupt its general election this month.

Correspondent Tesem Akende reports from Jos.

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Ukraine paying maximum attention to Russia ahead of possible offensive

Ukrainian President Volodymyr Zelenskyy says he's paying maximum
attention to Russia operations ahead of a possible offensive.

This comes as Russia's Defense Minister has announced its military
operations are progressing.

William Denselow reports from Kiev.

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India's Adani Group mulls independent review after stock rout

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India’s Adani group which has lost billions of dollars in market value in the past two weeks has said it’s considering an independent evaluation of its compliance protocols.

Adani’s stocks have tanked after US short-seller Hindenburg Research accused the company of stock manipulation and accounting fraud.

And now the company seems to be looking to inspire confidence in investors, as Ishan Garg reports from New Delhi.

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Biden focuses on economic reform in State of Union speech ahead of likely 2024 run

US President Joe Biden focused on economic reform during his State of the Union address - a speech widely viewed as a test run for his reelection announcement.


He took credit for declining unemployment and called on Republicans to work with him on issues including immigration, police reform and guns.


Kate Fisher reports from Washington


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Hong Kong Leader John Lee chases Middle East business deals

Hong Kong’s leader John Lee is continuing his tour of the Middle East with a visit to the United Arab Emirates. The trip is aiming to promote the city as an investment destination, and attract new listings for the Hong Kong Stock Exchange. 

Richard Kimber reports from Hong Kong.


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China Refused Pentagon Call After Balloon Shootdown

China refused to take a call from top American defence officials after the US shot down an air balloon at the centre of a growing spat between the two countries.

That's according to a Pentagon spokesman, who expressed regret that its request for a call was turned down.

Patrick Fok reports.

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Japanese robbery masterminds arrested

Two men have been arrested by Japanese police on suspicion of orchestrating a series of robberies from the Philippines. 

They were deported from Manila  and arrested by police while aboard a flight to Tokyo on Tuesday. 


It comes as Philippines President Ferdinand Marcos Junior begins a five day trip to Japan. 


Chris Gilbert reports. 


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Tuesday, February 7, 2023

US trade deficit widened in 2022

New figures show the United States imported a record level of foreign goods in 2022.


The US trade deficit - the gap between what the country imports and exports - rose 12.2 percent last year.


Sally Patterson reports from New York.


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Google announces in-house ChatGPT competitor

Google has announced that it plans to launch a rival to the popular AI chatbot ChatGPT in the coming weeks.


The tech giant has faced questions about whether its core search product will remain relevant given recent advances in AI technology.


Silicon Valley correspondent Ira Spitzer reports.

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