Wednesday, March 29, 2023

Reports: Italian PM's party proposes splitting retail and investment banks


Italian Prime Minister Giorgia Meloni's party has reportedly put forward legislation that would force banks to choose between retail and investment services.

This move from the Brothers of Italy party follows recent upheaval in the banking sector, including the collapse of Silicon Valley Bank and the acquisition of Credit Suisse by its rival UBS.

Giles Gibson reports from Rome.

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Nashville school shooter had “emotional disorder” but still able to buy 7 guns legally

Police say the woman who killed three children and three adults at a school in Nashville was receiving treatment for an "emotional disorder".  But she was still able to legally purchase seven firearms - some of which were used in Monday's deadly attack. Toni Waterman has more from outside the school.

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UK 'SET TO JOIN CPTPP'

The UK is reportedly set to reach agreement to join the CPTPP trade bloc as soon as the end of the week.

Britain's would be the first accession to the Asia-focused pact since it was established in 2018.

Olly Barratt reports from London.

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US environmental agency opens investigation into Ohio train spill response

The US environmental agency is opening an investigation into its response to a toxic chemical spill in Ohio.


The Environmental Protection Agency's internal watchdog will look into its handling of the train derailment in East Palestine (PALESTEEN) last month.


Sally Patterson reports.


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China warns of retaliation as Taiwan’s President heads to U.S.

Beijing has urged the U.S. not to allow Taiwan's president to transit
through the country during a visit to Central America.

Tsai Ing-wen is slated to make stops in New York and Los Angeles with
a possible meeting with the House Speaker on the cards.

William Denselow reports from New York.

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RUSSIA BEGINS STRATEGIC NUCLEAR MISSILE TRAINING

3000 troops and 300 pieces of equipment are taking part in nuclear missile exercises, according to the Russian Ministry of Defence.

It says the drills, which will be held across three regions of southern Siberia, are part of planned strategic missile training for 2023.

Stuart Smith has more from Moscow.

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Nigeria records 784 confirmed cases of Lassa fever, 142 deaths in three months

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The Nigeria Centre for Disease and Control (NCDC) says it has registered 784 confirmed cases of Lassa fever with 142 deaths. 


The cases were recorded in about three months across 23 out of the 36 States in the country.


Lassa fever is an acute viral haemorrhagic fever caused by consuming foods contaminated by rats.


Correspondent Ajeck Mangut reports from Abuja.



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KING CHARLES' FIRST STATE VISIT BEGINS IN GERMANY

King Charles begins a three day state visit to Germany Wednesday - his first foreign trip since becoming the King. 

He had originally intended to also visit France, but those plans had to be postponed because of violent protests taking place against the French government's proposed pension reforms. 

From Berlin, Trent Murray has more on the visit. 

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UK PLANNING TO HOUSE MIGRANTS ON BOATS AND BASES

The UK government is setting out plans to house migrants at venues including barges, ferries and disused military barracks.

It's part of attempts to bring down the costs of asylum seekers staying in hotels, and provide a deterrent to illegal migration.

Critics say the plans are unworkable and may break international law.

Telegraph political correspondent Camilla Turner says Prime Minister Rishi Sunak has long favoured measures like this.

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India cracks down on substandard drugs; cancels 18 licenses

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In a major crackdown on substandard drugs, the Indian government has canceled the manufacturing licenses of 18 firms in the country.

This comes after multiple Indian-made drugs were linked to deaths in the US, Uzbekistan, and the Gambia.

Ishan Garg has more.

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Japan foreign minister to visit Beijing over spying row

Japan’s foreign minister is planning to personally appeal to Beijing for the release of a Japanese citizen detained on suspicion of spying. 


The man, in his 50s, has was arrested earlier this month for allegedly violating counter-espionage law. 


Chris Gilbert reports. 


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Taiwan's President begins diplomatic tour amid scrutiny from Beijing

Taiwan’s President Tsai Ing-wen is beginning a ten day tour of Central America in a bid to strengthen diplomatic alliances in the region, following a move from Honduras to switch allegiance to Beijing. Her trip is facing scrutiny from China, amid expectations she will also meet US Congressional leaders.

Richard Kimber reports from Hong Kong.


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Tuesday, March 28, 2023

US financial regulators grilled by senators over SVB collapse

The US's top monetary regulators have been defending their response to the collapse of two American banks that sent shock waves through the US and global financial systems earlier this month.


Senators also criticized the management of Silicon Valley Bank and Signature Bank during the Banking Committee Hearing.


Kate Fisher reports from Washington


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US stocks close down following rate hike concerns

US stocks closed down on Tuesday, with the tech-heavy Nasdaq faring particularly badly.


This comes as investors renewed bets that interest rates could stay high for longer than planned.


Sally Patterson reports.


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US prosecutors claim FTX founder bribed Chinese officials

US prosecutors claim the founder of the collapsed cryptocurrency
exchange FTX bribed Chinese officials with millions of dollars to help
unfreeze his accounts.

Sam Bankman-Fried is already facing multiple charges - with
authorities calling his actions "one of the biggest financial frauds
in American history".

Nick Harper reports from Washington.

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French banks raided in fraud investigation

Some of France's biggest banks have had their offices searched by investigators.

Officials raided the offices on Tuesday as part of a fraud inquiry.

Ross Cullen reports from Paris.

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Biden hosts Democracy summit

The Biden administration is holding its second Summit for Democracy,
with 121 countries invited to discuss how to push back against
threats.

The war in Ukraine is the backdrop to this three-day, largely virtual meeting.

Nick Harper reports from Washington.

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RUSSIAN NAVY TESTS MISSILES IN SEA OF JAPAN

Two Russian warships fired missiles at a mock target in the Sea of Japan on Tuesday.

The Russian Ministry of Defence said the missiles successfully hit their target.

Japan's Foreign Minister said no damage had been reported - but the country would stay vigilant.

Stuart Smith has more from Moscow.

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Police search for motive in Nashville school shooting

Police in Nashville, Tennessee are still searching for a motive in Monday's elementary school shooting that left three children and three adults dead. Authorities say the alleged shooter - 28-year-old Audrey Hale - was a former student of the Covenant School and that she may have harbored resentment at having attended the institution.  Toni Waterman has more from outside the school.

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US police seek motive for Nashville elementary school shooting

US authorities are still trying to find a motive after a heavily armed
woman killed three 9-year-old students and three adults at an
elementary school in Nashville, Tennessee.

Police say the 28-year-old shooter - who was shot dead by police -
left a detailed manifesto, with other potential shooting locations
also listed.

The White House is now calling for greater gun control - including
President Joe Biden pushing for a ban on assault-type weapons.

These parents and teachers have been reacting to the mass shooting.

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