Friday, April 30, 2021

US markets focus next week: jobs reports and earnings from Pfizer and Moderna

Coming up this week in US markets, jobs will take centre stage, with investors looking for further proof in employment figures that America's recovery is on track. 


Earnings season continues, with Pfizer and Moderna the headlining duo expected to post strong profits from their COVID-19 vaccines.


Here's Liling Tan with the lookahead. 


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Biden says US is "behind the curve" on rail infrastructure compared to China

US President Joe Biden has said the country is "behind the curve" on high speed railways compared with China.

Speaking at an event marking the Amtrak railway's 50th anniversary, Biden took the opportunity to plug his massive infrastructure spending plan.

Jagruti Dave reports from Washington.

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US to ban India flights starting next Tuesday

The White House is restricting travel into the United States from India.


All flights will be banned starting next Tuesday.


Our US Correspondent Simon Marks reports.


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US March household income surges to record high, consumer spending also gained

US household income in March surged to a record high as spending improved, according to latest government data.


The increase is attributed to federal stimulus checks that sustained the economy during the pandemic and come as the country's economic recovery gains momentum.


From our New York bureau, here's Liling Tan with the details.


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FBI warned Giuliani of Russian influence campaign to discredit Biden

Donald Trump's former lawyer Rudy Giuliani was warned by the FBI that
Russia was using him to undermine the 2020 US election.

News of the 2019 warning comes after federal agents raided Giuliani's apartment.

Nick Harper reports from Washington.

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EU ACCUSES APPLE OF ANTI-COMPETITIVE BEHAVIOUR

The EU is accusing Apple of anti-competitive behaviour against rival music streaming services.

Competition commissioner Margrethe Vestager says consumers are losing out — with high commission fees for other streaming services on the App Store but not for Apple's own offering, Apple Music.

Stuart Smith report from Brussels.

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South African humanitarian organisation responds to crisis in India

US to reduce consular assistance, cut visa services in Russia

The US Embassy in Moscow said it will eliminate non-emergency consular services for Americans in Russia from next month as well as cut most visa services for the Russian citizens. The step followed Moscow's ban for "unfriendly" countries embassies to hire staff locally which could leave nearly 75% of staff of the U.S. Mission in Russia without jobs. The move comes amid a flurry of tit-for-tat diplomatic expulsions, with Washington accusing Russia of election interference. Daria Bondarchuk reports from Moscow.

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Macron lays out four-stage deconfinement plan for France

France will allow cafes, bars and restaurants to serve outside and relax a nightly curfew in an easing of lockdown measures to begin in May. 

The four-stage plan outlined by President Emmanuel Macron aims to largely reopen the country by the 9th June. 

Lucy Hough has more from Paris. 

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DRC HUMAN RIGHTS ABUSES

INTRO:

A coalition of 50 nongovernmental groups in the Democratic Republic of Congo has asked the newly inaugurated government to adopt a clear strategy for holding people suspected of serious human rights abuses accountable. Chris Ocamringa has more from Kinshasa...

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UK PM's mobile phone number available online for 15 years

The British government has been embarrassed by claims that Boris Johnson's personal mobile phone number was freely available on the internet for the past 15 years.


The weekly gossip Popbitch newsletter revealed that the digits were tacked on to the bottom of a 2006 press release when he was an opposition MP, and that it remained online ever since. 


Security officials are deeply concerned about how this could have compromised the Prime Minister and left him vulnerable to cyber threats or even blackmail. 


From London, Benji Hyer reports. 


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Extended lockdown hits German economy as vaccine rollout speeds up

Germany's economy has been hit hard by prolonged lockdowns, with new analysis showing the economy shrank in the first quarter of this year. 

A fall was expected, but the size of the drop in GDP went further than analysts predicted. 

From Berlin, Trent Murray has the details. 

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DOZENS DIE AT ISRAEL RELIGIOUS GATHERING

Authorities in Israel say at least 44 people have been killed and dozens more injured, in a stampede at a religious gathering.

The crush happened at Mount Meron in the north-east of the country, where the Lag BaOmer celebrations were taking place.

Dozens more people are injured.

Prime Minister Benjamin Netanyahu has called it a "great tragedy".

Noa Shpigel is a correspondent for the Haaretz newspaper.

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Help arrives from the US in India, UK too sending oxygen plants

Intro:

Help from all over the world is starting to arrive in India.

On Friday morning, 400 oxygen cylinder and one million COVID-19 testing kits landed in India…

At a time when the healthcare system is crashing and crematoriums filling up across the nation.

Ishan Garg tells us more.

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Australia – Sydney men linked to European drug syndicate appear in court after multi million dollar drug bust

A pair of Sydney men, allegedly linked to a 2019 attempt to smuggle MDMA into Australia from the Netherlands, have appeared in court in Brisbane.


The arrests stemmed from a major joint international investigation that prevented an estimated 15 million ecstacy pills arriving in Australia.


Shaun Bindley reports from Brisbane.


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South Korea's President Moon Jae-in to visit White House in May

South Korean President Moon Jae-in is to meet with US President Joe Biden at the White House on May 12th.

He will be the second foreign leader to make such a visit since Mr Biden took office.

Jagruti Dave reports from Washington.

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Hong Kong records first untraceable local COVID-19 mutation

Hong Kong's health authorities are warning of a new COVID-19 transmission risk, after recording the city's first untraceable local case of a mutated virus strain. Hundreds of people living in the residential building where the case was discovered have been sent to government quarantine centres. 

Richard Kimber reports from Hong Kong.

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Biden Pitches Spending Plan at Georgia Rally

US President Joe Biden made the case for the trillions of dollars of new funding he is proposing for infrastructure and families at a rally in Georgia.

It comes as Mr Biden marks his 100 days in office.

Our Correspondent Jagruti Dave reports from Washington.

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Thursday, April 29, 2021

Wall Street gains on strong GDP, lower jobless claims, tech earnings

Wall Street bounced back Thursday, on the back of strong first-quarter GDP, declining jobless claims, and blockbuster earnings from Facebook and Apple, 


The three benchmark indices clocked gains as the technology sector continued its winning streak, with the S&P hitting a new record high.


Here's Liling Tan with the Wall Street wrap. 


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Trump calls Giuliani probe “unfair”

Former U.S. President Donald Trump says an investigation into his
personal lawyer Rudy Giuliani is very unfair.

The FBI raided the former mayor of New York City's home and office
this week as part of an investigation into Giuliani's business ties
with Ukraine.

William Denselow reports from New York.

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Germany breaks vaccine record as BioNTech promises children's jab soon

Germany has broken its daily vaccine record - with over one million jabs administered. 

The milestone comes as German vaccine-maker, BioNTech, says it could have a children's vaccine for Covid-19 ready within weeks. 

Trent Murray reports from Berlin

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US economy grows 6.4% in first quarter

The US economy grew by 6.4% in the January to March period, the
fastest growth in four decades.

Meanwhile new unemployment claims dropped dramatically in the last
week showing signs of increased hiring.

US correspondent Nick Harper reports.

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New York aims to lift all Covid-19 restrictions by July

New York is aiming to lift all coronavirus restrictions by July 1st.

It comes more than a year after the city became the epicenter of the
Covid-19 pandemic.

Sarah Walton reports

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Biden to meet former President Jimmy Carter for first time since taking office

US President Joe Biden and first lady Jill Biden are due to meet former president Jimmy Carter and his wife today (Thursday) in their home town in the state of Georgia.


It's the first time they've met since Mr Biden took office.


Kate Fisher reports from Washington


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Tanzania government disputes US Agriculture agency reports of fall in wheat production

Tanzanian agriculture minister Adolf Mkenda has dismissed reports forecasting decreased wheat production in the country, arguing that there would be an increase.

 

Daniel Kijo reports.


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Jailed Kremlin critic Navalny in court as his team disbands political network amid a clampdown

Prominent Kremlin critic and opposition leader Alexei Navalny appeared via video link in an appeal hearing in a defamation case he claimed is politically motivated. The activist is in jail since January over charges he called politically motivated. Meanwhile Navalny's team had to disband his political network ahead of another court ruling set to declare it an "extremist" organization. Daria Bondarchuk reports from Moscow.


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‘Interior resign’: calls for accountability and transparency as so-called ‘cash for curtains’ row in the UK intensifies

Boris Johnson is being accused of judging his own trial, as a formal investigation is launched into the refurbishment of his Downing Street residence.


The Prime Minister has been under growing pressure to disclose who financed the revamp after his former adviser, Dominic Cummings, claimed Conservative party donors "secretly paid" for the works.


From London, Benji Hyer reports. 


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PLIGHT OF DRC CHILDREN

INTRO:

The United Nations Children's Fund (UNICEF) says more than 270 children have been separated from their parents in the northeast of the Democratic Republic of Congo due to ongoing conflict.

Tribal clashes have increased in the region since the start of the year. The UN agency is calling on the international community to step up its support for the displaced children.

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President appears before Zondo Commission

'SLEAZE' PRESSURE MOUNTS ON UK GOVT

Pressure continues to swirl around UK Prime Minister Boris Johnson over a series of so-called 'sleaze' allegations.

The Electoral Commission is investigating one of them - claims a donor initially paid the costs of a renovation of the Prime Minister's Downing Street residence.

The opposition Labour Party says Boris Johnson has not answered key questions about the refurbishment.

Cabinet minister Nadhim Zahawi says it's not what voters want politicians to focus on.

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Four killed in German hospital attack

German police have launched an investigation after four people were killed inside a hospital. 

The attack occurred in the city of Potsdam, at a clinic that treats people with muscular and skeletal issues. 

From Berlin, Trent Murray has more. 

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Australia – Northern military training bases to receive multi million dollar upgrades

The Australian government will spend $747 million upgrading defence facilities in the Northern Territory.

The bases are used for joint Australian US military training exercises, with thousands of US troops rotated through the region each year.


Shaun Bindley reports from Brisbane


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India's plans to inoculate all adults marred by vaccine shortage

Intro:

India is opening up its vaccination drive to a billion people….

But vaccine shortage is already a major concern.

Many trying to register for a shot have been unable to find an inoculation center…

As states say they need more time to prepare.

Ishan Garg reports.

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Olympic organisers announce new virus safety rules for athletes

The organisers of the Tokyo Olympics have released their latest plan for minimising the risk of coronavirus infections during the Games. The second edition of the "playbook" details new rules for participating athletes and officials.

Phoebe Amoroso reports in Tokyo.

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China takes center stage on foreign policy in Biden's Congress Speech

US President Joe Biden says he's not looking for conflict with China but is adopting a foreign policy that defends American interests.

Speaking at his first address to Congress since taking office, Mr Biden also unveiled a new $1.8 trillion dollar investment plan to support American families.

Jagruti Dave reports from Washington

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Hong Kong promises new law won't be used to stop people leaving

The Hong Kong government is trying to reassure the public that a new immigration law will not give authorities the power to bar residents from leaving the city. The government says the law will only apply to inbound travellers, and is targeted at illegitimate asylum seekers. But the vague wording of the legislation is facing criticism. 

Richard Kimber reports.

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US sending supplies to India to combat its COVID-19 surge

The US is sending more than $100 million dollars worth of supplies to India to help it battle a devastating surge of COVID-19 infections.

The White House said the US was "determined to help India in its time of need", just as it "sent assistance to the United States in the early stages of the pandemic.

Jagruti Dave reports from Washington

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More protests in North Carolina after judge denies public release of body cam footage of Andrew Brown shooting

Protests continue in the US state of North Carolina after a judge denied a request to publicly release the police body camera footage of Andrew Brown's shooting.

The African American man was killed by police last Wednesday as they tried to arrest him.

Nick Harper reports from Elizabeth City, the scene of last week's shooting.

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Wednesday, April 28, 2021

Biden to say Jan 6th was worst attack on US democracy since civil war

US President Joe Biden will say the January 6th attack was "the worst attack on [US] democracy since the Civil War." when he addressed a joint session of congress to mark his 100 days in office.

He is also expected to unveil a new $1.8 trillion dollar investment for families.

Jagruti Dave reports from Washington.

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US markets edge down as Fed keeps policy loose; AAPL + FB blast earnings expectations

US benchmark indices were little changed in Wednesday's trading session, ending just fractionally in the red after trading mostly mixed throughout the day. 


The Federal Reserve's decision to keep interest rates near zero was no surprise to investors, as corporate earnings continued to sustain hope in America's economy recovery. 


Facebook and Apple posted first quarter earnings after the bell, blowing past Wall Street expectations. 


From New York, here's Liling Tan with the highlights. 


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Michael Collins, last surviving member of Apollo 11 lunar mission, dies aged 90

The astronaut Michael Collins has died….the last surviving member of the Apollo 11 mission.


When Neil Armstrong and Buzz Aldrin walked on the moon in 1969, he stayed on board the orbiter.


And he's the man who piloted it around the dark side of the moon, losing all communication with earth for almost an hour.


He spoke about that experience at the Smithsonian Air and Space Museum in 2016.


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Home of former Trump lawyer Rudy Giuliani searched by investigators

It's being reported that investigators have searched the New York
apartment of Donald Trump's former lawyer Rudy Giuliani

They're looking into allegations that he broke lobbying laws.

Sarah Walton reports

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Giuliani home raided by federal investigators in New York

Federal investigators in the United States have raided a flat belonging to Rudy Giuliani, former President Donald Trump's personal lawyer.


The New York Times is reporting that they removed several electronic devices from the property.


Our US Correspondent Simon Marks reports.


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EU LEADERS WELCOME UK-EU TRADE DEAL

European leaders are "warmly welcoming" a new phase in the UK-EU relationship, after the European Parliament ratified a post-Brexit trade deal.

UK Prime Minister Boris Johnson said it was "great news" — and "time to look forward to a new relationship with the EU — and a more global Britain."

But intense disagreements remain.

Stuart Smith reports from Brussels.

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UK's electoral watchdog launches investigation into Boris Johnson's flat refurbishment funding

The UK's electoral watchdog has launched a formal investigation into how refurbishments on Prime Minister Boris Johnson's Downing Street flat were funded.


The Prime Minister says he paid for it himself but the opposition Labour Party says he hasn't been clear on whether party donors or loans were involved initially in settling some of the bills.


Chris Jones has more in London


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DRC COVID-19 VACCINES

INTRO:

The United Nations Children's Fund (UNICEF) says it will take 1.3 million doses of COVID-19 vaccines from the Democratic Republic of Congo and redistribute them to other African countries to avoid their expiration.

The AstraZeneca vaccines are set to expire on the 24th of June. The DRC Government requested the UN agency to redistribute them following low vaccination take-up.

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Biden unveils $1.8 trillion spending and tax plan

The White House has released details of a $1.8 trillion plan aimed at boosting education and family programs by raising taxes on the wealthy.

President Biden will try to sell Congress on the merits of his proposal in a speech Wednesday evening in Washington.

Rebecca Foster reports.

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Germany hits vaccine milestone as Merkel promises faster rollout

Intro: Germany has hit a major vaccine milestone, with new data showing the pace of the inoculation drive is picking up speed.

After an initially slow start late last year, there are hopes Europe's biggest economy could be on track to protect a majority of its population by summer.

Trent Murray reports from Berlin.

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US judge to rule on Andrew Brown body cam footage

A judge in the US state of North Carolina will decide whether to
release police body camera footage from the fatal shooting of black
man Andrew Brown.

Several people were arrested during a 7th night of protests in
Elizabeth City, where Brown was shot dead last Wednesday.

And from where Nick Harper reports.

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China and Germany commit to work closely on vaccines

German Chancellor Angela Merkel and Chinese Premier Li Keqiang have committed to work closer together in the fight against Covid-19. 

The joint declaration comes as the leaders held high-level talks via video conference between Berlin and Beijing. 

Trent Murray reports. 

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UK’s Electoral Commission to investigate Prime Minister Boris Johnson

The UK's Electoral Commission has launched a formal investigation into the funding of refurbishments by Boris Johnson to his Downing Street apartment. 


The Prime Minister has been under growing pressure to disclose who initially financed the revamp after his former adviser, Dominic Cummings, claimed Conservative party donors "secretly paid" for the works.


The Commission has the power to issue fines if the law has been broken, although if Boris Johnson is found to have acted illegally, he could even face calls to resign.


Political reporter Theo Usherwood has the statement issued by the watchdog.


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