Wednesday, May 31, 2023

Stocks slide ahead of debt ceiling vote

U.S. stocks lost ground Wednesday ahead of a vote in Congress that
would take the U.S. a step closer to avoid defaulting on its debt.

And the interest rate debate remains in focus after comments from
several members of the Federal Reserve.

William Denselow reports from New York.


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Mike Pence to announce White House bid next week - reports

Former Vice President Mike Pence is expected to launch his bid for the White House next week - that's according to multiple reports. He'll be jumping into a crowded field- which is currently dominated by his former boss Donald Trump. Toni Waterman has more

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Growing field for Republican nominee for President -- Christie set to join race

Former New Jersey Governor Chris Christie is poised to announce his second bid for the White House, as he prepares to launch his campaign in the US state of New Hampshire next week. 


The 60-year-old ran for the Republican Party nomination back in 2016.


From Washington DC, Benji Hyer reports. 


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US congressional leaders scramble to pass debt ceiling bill

US Speaker of the House Kevin McCarthy and US President Joe Biden are scrambling to get enough lawmakers to support the bill they brokered to suspend the debt ceiling and avoid the country's first ever default.

A 218 vote majority is needed to push it through the closely divided House but there's been criticism from far right republicans and progressive democrats.


Kate Fisher reports from Washington


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Gas station owner charged with murder after fatally shooting 14-year-old wrongfully accused of stealing

A South Carolina gas station owner has been charged with murder after he fatally shot a 14-year-old Black boy he believed was shoplifting  Toni Waterman has more.

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Appeals court clears path for Purdue bankruptcy deal

An appeals court has given the green light for Purdue Pharma's
bankruptcy deal to go ahead.

As part of the move the Sackler family will be protected from lawsuits
connected to the U.S. opioid epidemic.

William Denselow reports from New York.

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Al Pacino expecting his fourth child

At age 86, Al Pacino will be fathering his fourth child.
The Godfather star announced that his 29-year-old girlfriend is eight
months pregnant.
US' Correspondent, Jody Jacobs has more...

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Uptick in online antisemitism during Tree of Life shooter trial

Jurors have heard calls made to police during the deadliest antisemitic attack in US history.


50-year-old Robert Bowers is on trial, accused of killing 11 worshipers at the Tree of Life Synagogue in Pittsburgh.


The head of security for Pittsburgh's Jewish community says there has been an "uptick in hate speech" on the internet since the trial began.


Sally Patterson reports.


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Biden sexual assault accuser moves to Russia

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Years after accusing President Joe Biden of sexual assault, a U.S.
woman says she has moved to Russia to feel safe.

Tara Reade is a former U.S. Senate aide, who accused Biden as he ran
for President in 2020.

Gabrielle Fahmy reports.

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DRC-RWANDA TENSION

INTRO:

The army in the Democratic Republic of Congo has accused Rwanda and the M23 rebels of planning to attack the eastern city of Goma. 
The accusation is the latest in the diplomatic row between the two neighboring countries.  
Chris Ocamringa has more from Kinshasa.

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Forty killed in Burkina Faso attacks


At least 40 people have been killed in two separate attacks in Burkina Faso.

The attacks which occurred over the weekend according to reports are linked to Jihadist groups.

Correspondent Nabil Ahmed Rufai reports.



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Trade Unions in Nigeria Fault Removal of Subsidy on Petroleum Products

Trade unions in Nigeria have opposed the decision of the government to remove subsidies on petroleum products in the country.

It's a situation where the government pays businesses who import refined petroleum products so that citizens can buy at reduced costs.

Correspondent Tesem Akende reports.

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United World Wrestling criticizes treatment of India's protesting wrestlers

Intro:

Global sports body United World Wrestling has criticized the detention of Indian wrestlers over the weekend during a protest march.

India's top grapplers are demanding the arrest of India's top wrestling body's chief, who's being accused of sexual harassment by female athletes.

Ishan Garg has more from New Delhi.

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Malaysia Impounds Pakistan Airlines Plane, Stranding Passengers


Malaysia has seized a plane operated by Pakistan International Airlines in Kuala Lumpur over unpaid charges to a leasing company.

It forced the carrier to send a replacement plane to collect stranded passengers.

Patrick Fok reports.

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US says Chinese jet was "unnecessarily aggressive" to American spy plane

The US military published a video showing a Chinese fighter jet making what it called an “unnecessarily aggressive” manoeuvre against a US surveillance aircraft over the South China Sea. The Department of Defense says this sort of Chinese action is becoming more common.

Andrew Wood reports from Hong Kong.

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N Korea satellite launch fails

North Korea says an attempted satellite launch has failed. 

Pyongyang fired the projectile on Wednesday triggering alerts in Japan and South Korea, which were later withdrawn 


Chris Gilbert reports. 


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Tuesday, May 30, 2023

Debt Ceiling talks in focus on Wall Street

It was a mixed day for U.S. stocks Tuesday as investors wait to see
whether lawmakers can raise the debt ceiling before the country
defaults.

That date has been earmarked as June 5th and it's now up to Congress
to find consensus after President Biden and House Speaker Kevin
McCarthy struck a deal over the weekend.

William Denselow reports from New York.

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New fears of possible nuclear catastrophe in Ukraine

The International Atomic Energy Agency says the situation at the
Zaporizhzhya Nuclear Power Plant continues to be extremely fragile and
dangerous.
The agency has been briefing the UN Security Council on Tuesday.
Jody Jacobs has more...

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US House Republicans signal they'll vote against debt deal

At least two dozen Republicans say they'll vote against the US debt
ceiling deal agreed between President Joe Biden and House Speaker
Kevin McCarthy.

Conservative lawmakers in the House of Representatives say they'll
oppose the deal when it comes up for vote Wednesday evening, as it
fails to significantly cut government spending.

The Treasury has warned the US will run out of money if the deal is
not passed by June 5th.

Nick Harper reports from Washington.

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[ALT] House Speaker Kevin McCarthy has defended the deal he struck
with the White House.

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[ALT] House Speaker Kevin McCarthy has defended the deal - despite
opposition from within his own party.

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France's Macron urges end to plastic pollution at global talks

Climate NGOs say every year, more plastic mounds are fished from city canals and islands of plastic accumulate in the world's oceans. 

Scientists have now also detected particles of microplastics in remote environments, like the Antarctic. 

In a bid to tackle plastic polluters in Paris, legislators are lobbying for internationally legally binding policies on plastic reduction.

On the ground, campaigners are encouraging everyone from homeowners to big businesses to commit to reducing their waste. 

Natalie Malgas reports...


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