Thursday, May 11, 2023

French finance minister wants food companies to help reduce inflation

The French finance minister says he wants the big food manufacturers to work harder to help to bring down inflation.

Ross Cullen has more from Paris.


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Bank of England raises rates to highest level since 2008

The Bank of England has raised the base rate of interest by 0.25% to 4.5%, the highest figure since 2008. Inflation in the UK remains high, with the latest data showing prices have risen 10.1% in the year to March. Julia Chapman reports from London.

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Museveni Meets Sudan Envoy


Almost a month after heavy fighting broke out, there are growing calls for peace in Sudan.  


Uganda's President has called on the warring parties to put down their arms and stop the war.


The remarks were made to a Sudanese Ambassador as part of a delegation visiting Uganda.


Michale Baleke reports.



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Welsh Nationalist Party Leader Resigns

The leader of the nationalist party in Wales has resigned after a damning report found evidence of a toxic culture within the organisation.


The review claims Plaid Cymru ((pron: Pl-eyed cum-ree)) leader Adam Price failed to enforce a "zero tolerance approach" to sexual harassment and misogyny.


The party is the third largest in the Welsh Parliament, and a successor is expected to be in place by the summer.


But leader of the opposing Welsh Conservatives, Andrew R.T. Davies, believes changes are needed before that happens.


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Bodies of 14 People Recovered After Nigerian Boat Accident

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Nigerian authorities say 14 bodies have been recovered and 21 people were rescued after a boat accident in Sokoto state, North west Nigeria.


The wooden boat was carrying 36 people, mostly women, when it capsized while crossing a river in Shagari district of the state.



Correspondent Ajeck Mangut reports from Abuja.


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Bomb blast in Indian Sikh Shrine Golden Temple; 5 arrested

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State police have arrested five after a bomb blast near the popular Sikh religious site, the Golden Temple in Punjab.

The accused used make-shift bombs, and officials say the aim was to disrupt peace in the state.

Ishan Garg has more from New Delhi.

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G7 Finance chiefs kickoff summit

Finance chiefs from G7 countries are aiming to boost confidence in the global financial system as they meet for three days of talks in Japan. 

The meeting will lay the groundwork for leaders to discuss the banking sector, international aid, and sanctions against Russia at the main G7 summit next week. 


Chris Gilbert reports from Tokyo. 


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ASEAN Leader Call for End to Violence in Myanmar


Leaders of the Association of Southeast Asian Nations have called for an immediate end to violence in Myanmar to try and create a window of dialogue.

They also want to create a safe and timely environment for delivering humanitarian assistance.

Patrick Fok reports.

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Australian Trade Minister calls for an end to trade curbs in visit to China

Australia is seeking to repair its strained economic ties with China. Australia’s Trade Minister is meeting his Chinese counterpart in Beijing to call for the end to all trade barriers on Australian exports. Richard Kimber reports from Hong Kong.


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Wednesday, May 10, 2023

US inflation slowing but prices remain high

Inflation in the U.S. has slowed for the tenth month in a row, according to government figures released today.


But prices are still rising faster than policymakers would like despite more than a year of interest rate increases.


The consumer price index – which measures the cost of goods and services – shows that April inflation rose 4.9 percent from the same month last year. It was the lowest increase in two years.


Kate Fisher reports from Washington.


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Mixed close on Wall Street despite easing inflation

It was a mixed close on Wall Street despite inflation dropping to the
lowest annualized rate in two years.

It's welcome news but price pressures remain well above the Federal
Reserve's two percent target.

William Denselow reports from New York.

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George Santos pleads not guilty

George Santos has pleaded not guilty to the 13 federal charges.
He has been released on bail and due to appear in court again on June 30th.
The charges include wire fraud, money laundering, theft of public
funds and making false statements to the House of Representatives.
Jody Jacobs has more on that story...

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US government lays out new asylum rules amid migrant surge at southern borde

The Secretary of Homeland Security, Alejandro Mayorkas, is warning of "difficult" days ahead, as a pandemic-era policy — used to expel migrants millions of times from the country's southern border — comes to an end.


Title 42 will expire on Thursday, although it's being replaced with a series of measures that the administration hopes will build legal pathways for asylum and fix what it calls a "broken immigration system."


Benji Hyer reports from the US-Mexico border. 

 

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London’s top finance bosses fear global competitors are outpacing the City as a lucrative investment destination.

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London's top finance bosses fear global competitors are outpacing the City as a lucrative investment destination. 


Executives believe it's the red tape and years of underinvestment that has local businesses lagging behind. 


Some have also blamed the soaring housing market, lingering effects of the pandemic and the impact the rising costs of living has on low productivity rates.


Natalie Malgas has more from Paris...


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Kenya Police Summons Controversial Preacher

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Detectives in Kenya have summoned a popular preacher for his controversial teachings as the government cracks down on religious cults.

 

Eliud Wekesa also known as Jesus of Tongaren is the leader of the New Jerusalem sect and has 12 disciples all named after descendants of the biblical Jacob.


Isabel Nakirya reports


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George Santos in custody

Embattled Republican congressman George Santos has been arrested as
the Department of Justice unseals federal charges against him.
He is being charged with 13 counts of fraud and money laundering as
well as theft of public funds.
Following his election last year, the New York Times revealed that the
34 year old fabricated almost every aspect of his personal and
professional history.
Jody Jacobs has more from New York.

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Trump rails against sexual abuse verdict

Donald Trump has called the sexual abuse verdict against him a
travesty of justice and a disgrace.

Jurors in Manhattan Tuesday found the former president liable for
defaming and sexually abusing the columnist E. Jean Carroll.

William Denselow reports from New York.


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Imran Khan in court as protests continue across Pakistan

Pakistan remains tense a day after former Prime Minister Imran Khan was arrested in a corruption case.

He was presented in court today, where the prosecution has demanded the former cricketer be kept in custody for two weeks.

Our South Asia correspondent Neha Poonia has more.

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Imran Khan presented in court as protests continue across Pakistan

A day after he was arrested, former Pakistani Prime Minister Imran Khan was presented in an anti-corruption court in Islamabad.

Security in and around the court was beefed up ahead of his arrival.

Imran Khan claims that his arrest was illegal as he was not shown an arrest warrant until after he was detained.

Meanwhile, Pakistan remains on edge with his supporters holding large protests demanding his release.

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Terrorists Release Three More Nigerian Students Abducted Since 2021

Three more students of Federal government college Yauri in Nigeria's northern state of Kebbi kidnapped since June, 2021 have been released by their abductors.


Correspondent Tesem Akende reports from Jos.


Take Radio


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