Wednesday, July 20, 2022

Public Protector subpoenas president

UK faces further disruption after heatwave damages homes and railways

The UK faces another day of disruption on Wednesday after rail infrastructure and buildings were damaged by extreme heat.


Temperatures soared to above 40 degrees on Tuesday, making it the hottest day on record.


Sally Patterson has more.


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Ranil Wickeremsinghe chosen President to guide Sri Lanka out of choppy waters

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Sri Lanka's Parliament has elected Ranil Wickremesinghe as the new President of the country.

The veteran leader and six-time Prime Minister – was chosen with 134 votes in his favour in the 225-member parliament.

Ishan Garg reports.  


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UK INFLATION JUMPS AGAIN

UK inflation has risen to 9.4% - with fuel and food costs pushing prices higher at their fastest rate in four decades.

Unions say the latest data shows public sector workers need pay rises that keep up better with prices.

The Bank of England says a 0.5% hike in interest rates will be one of the options considered at its next meeting in August.

Chief Secretary to the Treasury Simon Clarke says the government is doing what it can.

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Sri Lankan Parliament to elect a new President

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Sri Lanka's parliament will choose a new President on Wednesday who'll have to lead the country out of its worst economic crisis.

The ex-President Gotabaya Rajapaksa fled Colombo last week after protestors stormed his office and residence.

And now the race to replace him is a three-way contest, as Ishan Garg reports.

 

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Hong Kong ramps up testing of elderly amid COVID-19 rise

Hong Kong’s health authorities are ramping up compulsory COVID-19 testing in a bid to stop a consistent rise in daily case numbers. The plan comes as some local health experts say the time has come to relax the rules and allow the city to open up again. 

Richard Kimber reports from Hong Kong.


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Japan plans Abe state funeral for September amid criticism

The Japanese government will hold a state funeral for former Prime Minister Shinzo Abe at the end of September.  

Abe was fatally shot earlier this month on the campaign trail in an incident that has  shocked the nation. 

But the funeral plan has come under attack for using taxpayers' money.

Phoebe Amoroso, Tokyo

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Tuesday, July 19, 2022

US stocks surge on earnings optimism

The major US indexes surged Tuesday as investors bet that stocks have
hit their bottom after several months of consistent losses.

And traders are encouraged by what they have seen so far during earnings season.

William Denselow reports from New York.

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US Consumer Health Holding Up

Data from the largest lenders in the United States shows strong consumer spending and few signs of credit deterioration. 

The lenders say Americans are beginning to spend money they had managed to save during the coronavirus pandemic. 

Rachel Silverman has details. 


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Twitter begins legal battle with Elon Musk

An U.S. court has agreed to fast track Twitter's lawsuit against Elon Musk.

The Tesla CEO decided to walk away from a takeover of Twitter claiming
the company misrepresented how many spam accounts are on the platform.

Twitter claims Musk breached their merger arrangement.

U.S. correspondent William Denselow reports.

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Kansas will vote on whether the right to abortion should remain protected

People in Kansas will have a vote to decide on whether the right to abortion should remain protected under law in that state.

A number of U.S. states have already banned abortion since the Supreme Court overturned Roe. v Wade. 

The issue is getting a lot of attention during the primary elections ahead of November's Congressional Midterms. U.S. correspondent Caroline Malone reports.

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Twitter begins legal battle with Elon Musk

Twitter has opened its legal battle with Elon Musk in a bid to force
him to complete the takeover of the social media company.

Musk decided to walk away from the deal claiming Twitter
misrepresented how many spam accounts are on the platform.

U.S. correspondent William Denselow reports.

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Prosecutors to begin laying out case in Steve Bannon trial

U.S. prosecutors are expected to begin making their case against
former Trump adviser Steve Bannon.

He's facing contempt of Congress charges after he defied a subpoena
from the congressional probe that's investigating the January 6th
attack on the Capitol.

Gabrielle Fahmy reports.

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Ukraine’s First Lady in US meeting Jill Biden, addressing Congress

Ukraine's First Lady, Olena Zelenska, is in the US to meet her US counterpart Jill Biden and to address Congress.


She has also met Secretary of State Antony Blinken as Ukraine seeks more aid for its response to Russia's invasion.


Kate Fisher reports from Washington


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US House Speaker's Taiwan trip angers Beijing

Beijing has reacted angrily to reports US House Speaker Nancy Pelosi
plans to visit Taiwan next month.

Pelosi would become the highest ranking US official to visit the
island in 25 years.

Nick Harper reports from Washington.

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UK records hottest day on record

The hottest day in the UK on record has now been officially recorded.


Previously, the record was 38.7 degrees celsius but that has now been surpassed with the temperature expected to keep rising.


Chris Jones reports from London


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CONTEST TO CHOOSE NEXT CONSERVATIVE LEADER CONTINUES

Conservative MPs are continuing the process of whittling down leadership candidates to replace UK Prime Minister Boris Johnson. Four contenders are still in the running - one person is set to be eliminated later. Alex Cadier has more.


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U.S. court jails Nigerian Fintech executives for $167 million money laundering

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A U.S court in Texas has sentenced two Nigerian founders of a fintech company to 27 months in prison for their role in sending $160 million in fraud earnings to Nigeria through their company, Ping Express U.S. LLC.


According to a statement by the US Department of Justice the firm acknowledged it failed to maintain an effective anti-money laundering and unlicensed money transmission programme over the last three years.

 

Ajeck Mangut reports from Abuja


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Record temperatures expected across the UK

The UK is set for record temperatures later with a red weather warning put out across much of England.


Transport services have been heavily impacted with many trains running slower than usual for safety reasons.


Chris Jones reports


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EU, China hold high level trade talks amid frosty relations

The European Union and China are holding virtual trade talks after months of delays.


Beijing and Brussels concluded negotiations on a major trade and investment agreement in 2020, but ratification of the accord has been on ice for more than a year amid strained ties.


Rosie Birchard reports from Brussels.

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