Friday, March 31, 2023

US employment numbers in spotlight (PREVIEW)

It's a short week on Wall Street… both the New York Stock Exchange and the Nasdaq will not open on Good Friday.


Market-watchers will be eying up employment numbers, as a tight labour market could keep interest rates up for longer.


Sally Patterson reports.


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Trump to plead not guilty and no handcuffs, says lawyer

Donald Trump will "aggressively" challenge his historic indictment by a Manhattan grand jury when he appears in court next week, according to his lawyer. 


He's set to become the first former US President to face criminal charges for his alleged role in a 2016 hush money payment to cover-up an affair with adult film star Stormy Daniels.


Whilst that payment was not illegal, prosecutors could accuse Mr Trump of falsifying business records, and potentially breaking election law, which would constitute a felony.


William Denselow is in New York with more on what comes next. 


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Crews work to extinguish blaze at Minnesota derailment train site

Emergency crews continue to try and extinguish the flames from
Thursday's train derailment in Minnesota.

Hazardous material is still burning off some of the cars.

Officials say they're monitoring for any type of threat to the
residents of Raymond.

Caroline Malone is in the town.

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Joe Biden visits tornado-hit Mississippi, pledging support

US President Joe Biden is in Mississippi in the wake of a series of devastating tornadoes that killed dozens of people there last week. 


Touring the damage, Mr Biden announced that the federal government will cover the full cost of the state's emergency measures for the next month.


Benji Hyer reports. 


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Gwyneth Paltrow wins ski court battle

Actor Gwyneth Paltrow has won her court battle over a 2016 ski incident. 


A Utah jury ruled in her favour, finding Paltrow not liable for a collision with retired optometrist Terry Sanderson.


Sally Patterson reports.


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Trump expected to turn himself in on Tuesday

Donald Trump- the first former US president to face criminal charges- is expected to appear in court next Tuesday.

Details of the charges have yet to to come, but the case revolves around alleged hush-money payments to a former porn star during his 2016 presidential campaign.


Nina-Maria Potts has more:


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Vatican expects Pope Francis to leave hospital on Saturday


The Vatican says Pope Francis should leave hospital on Saturday.

The 86-year-old has been receiving treatment for bronchitis since Wednesday, after complaining of breathing difficulties.

Giles Gibson is in Rome and has more.

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Eurozone inflation posts record breaking drop

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Inflation in the Eurozone has continued to drop for the second month in a row. Despite the positive trend, the European Central Bank is still likely to increase interest rates again next month.

Our correspondent Alex Cadier reports from Brussels

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EU Gives Uganda Additional $16m for Refugee Response

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The European Union has announced an additional  $16million to support Uganda's refugee response.

More than 17,000 refugees have arrived in the country since the start of this year, putting pressure on resources.

Isabel Nakirya reports

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New York braces for possible Trump unrest

New York is beefing up security after a grand jury in Manhattan
indicted Donald Trump.

The former President has called for protests in what he calls a
politically motivated witch hunt.

William Denselow reports from New York.

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UK Joins CPTPP

The UK government has signed the biggest trade deal since Brexit, but admits it will not provide a huge boost to the economy.


The agreement to join the trading bloc of 11 Asia and Pacific nations is only expected to boost GDP by 0.08 per cent.


But the Trade Secretary questioned the accuracy of that figure, and said the deal was about 'potential growth for tomorrow'.


John Bevir (Beaver) reports.


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Nigeria’s Total Debt Stock hits $100.4 billion

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Nigeria's Debt Management Office says the country's total debt stock has hit $100.4 billion.


It says this consists of the domestic and external debt Stocks of the Federal Government, sub-national governments and the Federal Capital Territory as at December 31, 2022.


Correspondent Ajeck Mangut reports from Abuja.


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KING CHARLES RIDES HIGH SPEED TRAIN TO HAMBURG FOR FINAL DAY OF ROYAL VISIT

King Charles is travelling via high speed train from Berlin to Hamburg for the third and final day of his state visit to Germany. 

It's the first foreign trip for King Charles since he became the British monarch in September last year - a trip which has been billed as an opportunity for Britain to rekindle its relationship with Europe following Brexit. 

From Berlin, Trent Murray has more. 

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Temple floor collapses in India; kills atleast 35

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At least 35 people have died in the central Indian state of Madhya Pradesh after 
falling into a well.

Many others remain in critical condition. 

They were standing on a slab covering an old stepwell. 

The incident is now raising questions about safety standards in public places, as Ishan Garg reports from New Delhi

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HEATHROW WORKERS ON STRIKE OVER EASTER

Hundreds of security workers are going on strike at London's Heathrow airport in a row over pay.

Last-minute talks over the dispute broke down without resolution.

More than 1400 security workers will walk out for ten days at Terminal 5 - including over the busy Easter period.

Reporter Jay Akbar is at Terminal 5 where Heathrow says it has contingency plans in place.

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China warns White House over Taiwan President's US meetings

Beijing says the US is “gravely undermining” China’s sovereignty by supporting the transit of  Taiwan’s President, as part of her diplomatic tour of Central America. President Tsai Ing-wen is spending time in New York and Los Angeles, and is expected to meet House Speaker Kevin McCarthy during her time in the US. Richard Kimber reports from Hong Kong.


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Japan scraps covid curbs on travelers from China

Japan is planning to scrap Covid-19 restrictions on incoming travelers from China. 

In January, Tokyo began mandatory testing on visitors from China due to high case numbers on the mainland, but is now phasing out the curbs. 


Chris Gilbert reports.


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Donald Trump calls indictment 'political persecution'

Donald Trump has called his indictment 'political persecution' in a statement published on Thursday.


Earlier, a Manhattan jury voted to indict the former US president, but the exact charges are not yet publicly known.


The indictment relates to alleged hush-money payments made to adult movie star Stormy Daniels during the 2016 presidential election, and how these were recorded.


Daniels claims to have had an affair with Trump - which he denies.


Sally Patterson reports from New York.


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Thursday, March 30, 2023

DONALD TRUMP INDICTED

Donald Trump has been indicted by a Manhattan grand jury for his alleged role in a 2016 hush money payment to cover-up an affair with adult film star Stormy Daniels. 


He'll become the first former US President to face criminal charges. 


Benji Hyer reports. 


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US GDP grew slower than expected in 2022

The US economy grew at a slightly slower pace in the fourth quarter of 2022 than estimated.


New figures show inflation-adjusted gross domestic product increased 2.6% for the final three months of last year.


Sally Patterson reports.


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AUSTRIA'S RAIFFEISEN BANK SET TO LEAVE RUSSIA

After much criticism from shareholders, Austria's Raiffeisen Bank is now considering how it can leave Russia.

It would need to sell its banking arm in Moscow, which provided the parent company with profits of 2.2 billion US dollars in 2022. That's 60% of the earnings of the entire Raiffesen group according to the Financial Times.

But it's having a hard time getting that money out, as Stuart Smith reports.

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Cheetahs born on Indian soil after more than 70 years

In a first, in over 70 years, 4 cheetah cubs have been birthed on Indian land.

A cheetah who was translocated from Namibia to India, gave birth to these cubs, officials say.

Sreoshi Mukherjee reports...

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Sam Bankman-Fried expected to plead not guilty to fresh charges

Sam Bankman-Fried is expected to plead not guilty to fresh criminal
charges including bribing Chinese officials.

The former Chief executive of FTX already faces the prospect of
decades in prison if convicted of fraud.

William Denselow reports from New York.

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Train carrying ethanol derails in Minnesota forcing evacuation

A train carrying ethanol has derailed in the US state of Minnesota forcing residents to evacuate.


Several cars erupted into flames after the crash in the small city of Raymond in the early hours of the morning.


Our US correspondent Kate Fisher reports


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Nine dead in U.S. military helicopter crash

All nine people onboard two military Black Hawk helicopters have died
after a crash during a training mission in the U.S. state of Kentucky.

The incident occurred around 25 miles from a military base.

U.S. correspondent William Denselow reports.

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Wall St Journal reporter detained in Russian on espionage charges

A US reporter working for the Wall St Journal has been detained by
Russian authorities on espionage charges.

The Federal Security Service arrested Evan Gershkovich in the eastern
city of Yekaterinburg.

US correspondent Nick Harper reports.

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Vatican: Pope Francis had a "calm" night in hospital


The Vatican says Pope Francis had a "calm" night after being admitted to hospital on Wednesday.

The 86-year-old is suffering from a "respiratory infection" but has tested negative for COVID-19.

Giles Gibson has more from Rome.

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Uganda Deploys a Thousand Soldiers to DR Congo Under EA Regional Force

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Uganda has flagged off about 1000 soldiers to the Democratic Republic of Congo as part of the East African Regional Force to protect civilians and property in the areas occupied by the M23 Rebels.

They join Kenya, Angola, South Sudan, Tanzania, and Burundi forces that are already in the country.


Over 130 armed groups are based in Eastern DR Congo and have destabilized the mineral-rich country for decades.

 

Isabel Nakirya reports

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Nigeria’s Secret Police Confirms Plot by Politicians to Install Interim Govt.

Nigeria's State Security Service, or the DSS says there is a plot by some politicians in the country to set aside the constitution and install an interim government.


Correspondent Tesem Akende reports from Jos.


Take Radio


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$160mn fine upheld for Google by Indian appeals court

An Indian tribunal has upheld a $160 million fine for Google in a case related to the dominance of its Android operating system.

But some relief for the US tech giant came as it quashed four out of the ten anti-trust directives that had been imposed on the firm.

Rebecca Bundhun reports from Mumbai.

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UK SETS OUT NEW NET ZERO PLANS

The UK government's setting out its plans to reach net zero emissions by 2050, partly by investing in nuclear power.

The 1000 page plan also includes funding for green hydrogen, more flexibility in planning for wind sites, and energy efficiency measures in homes.

The opposition Labour Party says the proposals are simply a 'rehash'.

Katie de Kauwe from Friends of the Earth says more could still be done.

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Delhi government calls emergency meeting as COVID-19 cases spike

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The Delhi government is calling an emergency meeting after a sharp spike in COVID-19 cases.

Nearly one in 10 people are now testing positive for coronavirus in the Indian capital.

Experts believe, an Omicron subvariant is driving this surge, as Ishan Garg reports from New Delhi.

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The US dismisses China's anger over Tsai Ing-wen's stateside schedule

The US is dismissing China’s threats of retaliation over a likely meeting between House Speaker Kevin McCarthy and Taiwan’s President Tsai Ing-wen. The two are expected to meet in Los Angeles next week, at the end of President Tsai’s diplomatic tour of Central America.

Richard Kimber reports from Hong Kong.


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South Korea leader seeks support for Japan's wastewater discharge

South Korea’s leader is vowing to win public support for Japan’s plan to discharge treated, radioactive wastewater into the Pacific Ocean. 


Japan wants to dispose of more than a million tonnes of water used to cool the wrecked Fukushima nuclear power plant. 


Seoul had previously criticized the project.


Chris Gilbert reports from Tokyo. 


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Wednesday, March 29, 2023

Stocks rise as banking fears fall

U.S. stocks rose Wednesday as fears over the health of the banking
sector subside.

And it was a good day for the tech sector with chip markers leading the charge.

William Denselow reports from New York.

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US gives $690m to boost global democracies

US President Joe Biden has announced almost $700m in funding to help
boost democracies around the world.

He was speaking on day two of the Summit for Democracy.

However, the Biden administration has been criticized for making
little progress in upholding human rights and advancing democratic
freedoms since the last summit, 15 months ago.

Nick Harper reports from Washington.

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Pope Francis staying in hospital after tests


Pope Francis is remaining in hospital after some previously scheduled tests.

The 86-year-old recently celebrated his tenth anniversary as head of the Catholic Church.

Our correspondent Giles Gibson has more from Rome.

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Repeal to war authorization voted in by Senate 20 years after Iraq invasion

The Senate has voted 66-30 to repeal a decades-old authorization that was used for U.S. military action in the Gulf and Iraq wars.

Lawmakers see it as necessary to prevent abuse by any Presidential administrations.

Caroline Malone reports from Washington.


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No Trump indictment decision expected for weeks

A grand jury deliberating whether to indict Donald Trump isn't
expected to hear evidence in the case for several weeks.

This comes after the former President suggested he would be arrested
earlier this month.

William Denselow reports from New York.

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White House preparing to strengthen bank regulations

The White House is preparing to call for federal banking regulators to impose new rules on midsize banks, according to reporting by The Washington Post.


It follows the collapse of Silicon Valley Bank and Signature Bank earlier this month.


US President Joe Biden has already said the White House response "was not over yet".


Kate Fisher reports from Washington


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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

INTRO


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

Intro:

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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