Friday, October 28, 2022
[MARKETS MONDAY PREVIEW] U.S. Central Bank meets this week to set interest rates
The Central Bank meets in New York Tuesday and Wednesday to set the
next interest rates.
Gabrielle Fahmy reports.
IN: All signs point
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House Speaker’s husband violently assaulted
during a break in at their home in San Francisco.
A spokesperson for the Speaker says the assailant is in custody.
U.S. correspondent William Denselow reports.
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35 Suspected Terrorists Detained by Nigerian Govt.
This comes amid heightened tension of impending terror attacks in the country's capital Abuja, and other parts of the country.
Correspondent Tesem Akende reports from Jos.
Take Radio
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First coins for general circulation with King Charles' portrait now in production
OUT: "....contain the role."
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EU warns Musk he must abide by bloc's digital rulebook
The European Union's internal market commissioner Thierry Breton has issued a veiled warning to Elon Musk, after the Tesla boss finalised a deal to buy the social media platform Twitter.
The EU's new digital rulebook will impose significant content moderation obligations on big platforms.
Rosie Birchard brings us up to speed from Brussels.
In: After Elon Musk
Out: RB, Brussels
Duration: 00:45
N Korea fires two missiles in response to S Korea-US military drills
North Korea is responding to two weeks of South Korean military drills with yet more missile tests.
Pyongyang has fired two more missiles into the Sea of Japan, its 28th launch this year.
Chris Gilbert reports
IN: The DPRK fired
OUT: joint military exercises.
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India's plan to set up panel to address social media grievances raises concerns about censorship
Intro:
The Indian government is planning to set up an appellate committee to address grievances by social media users.
Officials say it will empower people.
But activists warn that regulating social media in this way – could effectively lead to online censorship.
Ishan Garg reports.
IN: Activists say...Australia women and children to be repatriated from Syrian detention camp
A group of Australians have been rescued from a detention camp in Syria, but the counties federal opposition is worried they pose a security risk.
Four Australian women and 13 children will soon make their way to Sydney, after being removed from a detention camp in eastern Syria overnight.
Shaun Bindley reports.
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COURTESY AIR NEWS MEDIA - AUSTRALIA
IMF lowers growth forecast for Asia amid inflation and China slowdown
The International Monetary Fund is cutting its economic forecast for Asia, at a time when rising inflation blamed on the war in Ukraine, and a slowdown in the Chinese economy is dampening the region.
Correspondent Caroline Malone reports from Hong Kong.
IN: Even though Asia
OUT: Caroline Malone, Hong Kong
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Report: Musk completes Twitter purchase, fires top executives
According to media reports, Elon Musk has completed his $44 billion dollar purchase of Twitter and fired several of the company's top executives.
Twitter had previously taken legal action over the Tesla CEO's attempts to back out of the agreement.
Musk says that he wants the platform to be a 'digital town square', and not cater to any political viewpoint.
Ira Spitzer has more from San Francisco -
IN: The Elon Musk....
Thursday, October 27, 2022
Moscow accuses Kiev of making biological weapons
biological weapons program.
At a United Nations Security Council meeting Washington's
representative firmly rejected the accusations as an attempt to
justify its war in Ukraine.
UN members also met to discuss nuclear issues in Ukraine including
allegations that Kiev is developing dirty bombs.
William Denselow reports from UN headquarters in New York.
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U.S. stocks mixed on positive GDP data, earnings miss
The GDP report showed the economy rebounding after contracting during
the first half of 2022….alleviating fears of an imminent recession.
But investors also had to digest yet more disappointing earnings
results from Big Tech.
Gabrielle Fahmy reports from New York.
IN: The U.S. economy
OUT: Fahmy, New York
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Ye escorted out of Skechers office after arriving unannounced
The rapper Ye, formerly known as Kanye West, has been escorted out of the offices of shoemaker Skechers after arriving unannounced.
The incident comes after sportswear company Adidas terminated its relationship with the musician and fashion mogul over his recent antisemitic and racist remarks.
Our US correspondent Kate Fisher reports
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Swiss bank Credit Suisse to cut 9,000 jobs and seek billions in new investment
The Swiss lender is also seeking billions in new investment.
Ross Cullen reports.
+++
IEA blames Russia for causing "global energy crisis"
U.S. mortgage rates climb to 20-year high
The rapid rise in rates - which just a year ago were sitting at just over 3 percent - has ground the once-hot housing market to a near-standstill.
Toni Waterman has more.
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Twitter stock will be suspended Friday, as takeover deal nears completion
Friday, as Elon Musk prepares to complete his takeover.
This week could finally mark the end of a long saga over the company's
acquisition.
New York correspondent Gabrielle Fahmy reports.
IN: Elon Musk faces
OUT: Fahmy, New York
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European Central Bank announces fresh 75BP interest rate hike
INTRO
The European Central Bank has raised interest rates by 75 basis points, matching last month's unprecedented hike.
The ECB, which sets monetary policy for the 19 countries which use the euro currency, has been under pressure to tackle runaway inflation in Europe.
Rosie Birchard is our reporter in Brussels.
In: This latest jumbo
Out: on the cards
Duration: 00:50
Second woman says Herschel Walker paid for her to have an abortion
pressured her into having an abortion.
The Georgia Republican candidate has taken a strong anti-abortion
stance on the campaign trail and denies the accusations.
U.S. correspondent William Denselow reports.
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US GDP rises for first time this year
The US economy has rebounded to produce 2.6% growth in the third quarter, the country's first quarterly GDP increase this (financial) year.
After two periods of negative growth in 2022, the figures released on Thursday come as a boost amid fears of looming recessions, as Benji Hyer reports.
IN: It's the first estimate
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