Friday, March 24, 2023

North Korea Tests Underwater Nuclear Attack Drone

North Korean state media said the country has tested a new nuclear-capable underwater attack drone with the ability to generate a radioactive tsunami.

Analysts say it's designed to show North Korea has different means of launching a potential nuclear attack.

Patrick Fok reports.

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Thursday, March 23, 2023

Stocks rally as traders digest rate hike

U.S. stocks closed the day higher after a choppy trading session on Wall Street.

Investors were digesting fresh comments from the Treasury Secretary
about the health of the banking sector.

William Denselow reports from New York.

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Nationwide day of action in France as anger over pension reform shows no sign of easing

Protests in France turned violent on Thursday as police clashed with demonstrators and fires were started in the streets of Paris on the latest major day of action against the government's decision to raise the pension age.


The unions reported some 800-thousand people demonstrating in Paris alone, but president Emmanuel Macron said the reforms would go ahead as planned.


Ross Cullen reports.


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Manhattan grand jury in Trump hush money payment case unlikely to indict until next week


A New York grand jury looking into possible criminal charges against former President Donald Trump will not consider the matter again until at least Monday. 

While Trump's lawyer in another case over classified material has been ordered to hand over related documents to the prosecutors.

U.S. correspondent Caroline Malone reports from Washington.


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Tik Tok CEO defends app to US lawmakers

The CEO of one of the US's most popular apps, Tik Tok is defending the social media platform during intense questions from US lawmakers.


The chair of the House Energy and Commerce Committee described Tik Tok as a weapon of the Chinese Communist Party but Shou Chew has refuted those claims.

Kate Fisher reports from Washington


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DeSantis walks back Ukraine comments

Florida Governor Ron DeSantis has walked back his comments describing
the war in Ukraine as a territorial dispute.

DeSantis is expected by many to run for the White House but opinion
polls show him lagging behind Donald Trump.

U.S. correspondent William Denselow reports.


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Tik Tok Banned On UK Parliament Phones

Tik Tok will be banned on all parliamentary devices and networks in the UK.


It follows a similar ban on the Chinese-owned social media app on UK government devices.


John Bevir (Beaver) reports.



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TikTok CEO defends app before US lawmakers

The CEO of TikTok has been defending the Chinese app in front of US
lawmakers, amid a push to ban it in the US and other countries.

Shou Zi Chew's [SHOW ZEE CHOO] appearance before a US House of
Representatives' committee comes amid concerns American users' data is
being shared with the Chinese govt.

Both Democrats and Republicans are considering banning the app across
the US arguing it poses a national security risk.

Chew spoke about TikTok's parent company ByteDance.

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Chew detailed plans to keep US user data safe.

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Chew made the following commitments.

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Immigration expected to dominate Biden-Canada summit

The thorny issue of immigration could dominate US President Joe
Biden's trip to Canada for talks with Prime Minister Justin Trudeau.

It follows a significant increase in the number of migrants crossing
the US-Canada border in recent months.

Nick Harper reports from Washington.

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INDIAN AIR FORCE SAYS WAR TO BLAME FOR MISSED RUSSIAN DEFENCE DELIVERIES

The Indian Air Force says Russia has failed to deliver defence supplies due to Moscow's war in Ukraine.

Russia is India's largest single source of defence equipment and according to IAF, was planning on a "major delivery" this year which will now not take place.

Stuart Smith has more from Moscow.

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GERMANY RISKS RUNNING OUT OF GAS NEXT WINTER: REGULATOR

Germany's energy regulator has warned the country risks running out of gas next winter. 

Europe's biggest economy has been trying to wean itself off Russian gas supplies following the invasion of Ukraine, with consumers and businesses told they will still need to try and cut back gas use in the leadup to next heating season. 

From Berlin, Trent Murray 

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EU divided on car ban as leaders meet in Brussels

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The European Union is divided over a proposed ban on the sale of new petrol and diesel cars by 2035, with Germany leading the opposition. EU leaders will meet in Brussels on Thursday and attempt to hash out a deal on the contentious new plan.

Alex Cadier reports from Brussels

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BANK OF ENGLAND RAISES INTEREST RATES TO 4.25%

Britain's central bank has raised interest rates for an eleventh consecutive time after higher than expected inflation figures this week. The Bank of England hiked its base rate by 25 basis points to 4.25%. Laura Makin-Isherwood reports from London. 


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Naira Crunch: Nigeria Labour Congress Directs Workers To Protest At Central Bank of Nigeria Offices Nationwide

INTRO


The Nigeria Labour Congress (NLC) has directed all workers to protest at all the offices of the Central Bank of Nigeria (CBN) nationwide starting next week over the current cash crunch in the country.


It says mobilisation for the exercise will commence on Friday while the total shutdown of economic activities across the nation will begin next Wednesday.


Correspondent Ajeck Mangut reports from Abuja.



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Indian subcontinent river systems could shrink due to global warming: UN

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United Nations Secretary-General Antonio Guterres has warned of floods and water stress in the coming decades as Himalayan glaciers melt due to global warming.

In, Asia 10 major river systems originate in the Himalayas.

And melting glaciers could worsen water stress in India, Pakistan, and Bangladesh as Ishan Garg reports from New Delhi.

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China leads global slump in loss of billionaire status

The number of billionaires in China shrank by the most in at least a decade last year, according to research from the Hurun Report (Pron: Who-run). It says a global economic slowdown and China’s strict Covid-19 rules were largely to blame. 

Richard Kimber reports from Hong Kong.


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Japan to boost security threat posed by China

Japan is planning to boost the security threat posed by China in its official foreign policy. 

Facing Beijing’s growing assertiveness in the Indo-Pacific region, Tokyo is amplifying its level of concern in policy drafts released on Wednesday. 


Chris Gilbert reports from Tokyo. 


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Wednesday, March 22, 2023

Stocks fall as interest rates rise

U.S. stocks sank in afternoon trading Wednesday on news that interest
rates are on the rise again.

Recent volatility in the banking sector had fueled speculation that
the Federal Reserve might ease off on rate hikes.

William Denselow reports from New York.

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US Fed raises rates by another 0.25%

The US Federal Reserve has raised interest rates by a quarter of a
percent despite the recent turmoil in the banking sector.

It now takes rates to a target range of 4.75-5% - the highest level since 2007.

Some economists had urged America's central bank to pause on rate
hikes to help add confidence following the collapse of Silicon Valley
Bank and Signature Bank.

Nick Harper reports from Washington.

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[ALT] Here's Federal Reserve chairman Jerome Powell.

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Speaking to reporters after the announcement Powell tried to reassure
Americans about the recent banking crisis.

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French president defiant in first media appearance since pension reform forced through parliament

The French president put on a show of defiance in what was his first media appearance since the government's controversial pension reform was forced through parliament last week.

Emmanuel Macron said he would not be rowing back on the changes - of which the headline policy is raising France's retirement age from 62 to 64.

Ross Cullen reports.

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