Friday, November 11, 2022

China Grants Zero Tariffs to Uganda

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Uganda's Business Community has welcomed a move by China to grant zero-tariff treatment on 98% of taxable items from 10 less developed countries including Uganda.


The policy that takes effect on 1st December targets less developed countries that have diplomatic relations with China.

Isabel Nakirya reports

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Donald Trump lashes out at fellow President hopeful Ron DeSantis

Former US President Donald Trump has hit out at Florida Governor Ron DeSantis, belittling his Republican rival as "average."


Mr DeSantis won re-election in his state convincingly in Tuesday's Midterms, boosting his chances of becoming his party's nominee for the White House in 2024.  


Mr Trump, meanwhile, is widely expected to announce his own bid for the Presidency next week. 


From Washington DC, Chris Jones reports. 


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Health of US consumer in focus on Wall Street [PREVIEW]

Buoyed by last week's better-than-expected inflation data, traders on
Wall Street are now turning their attention to the health of the U.S.
consumer.

Retail sales this week could give a sense of the country's buying
power ahead of the crucial holiday season.

William Denselow reports from New York.

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Witness says Trump knew about tax evasion

A jury has heard that Donald Trump knew of efforts to evade taxes at
his company.

The Trump organization has been charged in New York for failing to
declare executive perks but the former president is not named in the
suit.

William Denselow reports from New York.

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Ukraine says its forces are entering Kherson after Russian withdrawal


Ukraine says its forces are entering the southern city of Kherson, after Russia pulled its troops out.

Moscow announced on Wednesday that it was moving its units across the Dnipro River...but the two sides are characterising that withdrawal very differently.

Our correspondent Giles Gibson is monitoring developments from Tallinn in Estonia, which neighbours Russia.

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Scottish court confirms identity of U.S. fugitive who "faked own death"

A Scottish court has ruled that a man arrested last year is an American fugitive who allegedly faked his own death. Nicholas Rossi is wanted in the U.S. on charges of rape and sexual assault. Julia Chapman has more.

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UK ECONOMY CONTRACTS

The UK economy contracted by 0.2% between July and September.

Bank of England forecasts suggest this will be the start of a long recession for Britain.

UK Chancellor Jeremy Hunt says he's working on a budget to present next week that can address some of the challenges.

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China renews lockdowns amid COVID-19 surge

China is stepping up Covid-19 lockdowns amid a surge of cases nationwide.

Officials say the situation “remains severe” and are pledging “more decisive” measures to control the virus.

Richard Kimber reports from Hong Kong.


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US Treasury Secretary Janet Yellen to discuss global economy, India-US ties on trip to Delhi

Intro:

US Treasury Secretary Janet Yellen will discuss climate finance and the global economy with her Indian counterpart during a day-long visit to New Delhi on Friday.

Ahead of her trip, Yellen called the US and India natural allies and expressed hope that the two big democracies can work together on key issues.

Ishan Garg has more from New Delhi.

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Remembrance service honours war in the Pacific

A Remembrance Day service has been held at the War Memorial in Australia's capital Canberra. 

Across the nation - people have come to a standstill - pausing to pay tribute to more than 100-thousand Australian lives lost to war. 

Shaun Bindley reports 


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COURTESY AIR NEWS MEDIA - AUSTRALIA 


Musk: Twitter could lose billions next year

Elon Musk has warned Twitter employees that the company could lose billions of dollars next year and has said that he can't rule out bankruptcy.

It comes just weeks after the Tesla CEO bought the social media platform for $44 billion dollars and laid off half its staff.

Ira Spitzer has more from San Francisco.

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Thursday, November 10, 2022

Stocks soar after encouraging inflation figures

Wall Street saw the best day of trading in years Thursday following
the release of better-than-expected inflation numbers.

Investors hope this is an indication that a series of recent interest
rate hike is beginning to ease price pressures.

William Denselow reports from New York.

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Trump to go ahead with "big announcement" next week, despite midterm setback

Former US President Donald Trump says he will still be making what he's called a "big announcement" next week about his plans to launch a fresh bid for the White House.


He's rejected efforts by his advisors to postpone Tuesday's speech at his Mar A Lago resort in Florida.


Our US Correspondent Simon Marks reports.


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Biden heads overseas for COP27

US President Joe Biden is heading overseas for the COP27 climate
summit in Egypt, even though the Midterm election results have not yet
concluded which party will control Congress..

The US leader's trip will hold thorny issues as well as confronting
human rights in the climate summit's host nation.

US correspondent Nick Harper reports.

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Biden and Xi to meet in person on Monday at G20

US President Biden will meet President Xi Jinping of China in person for the first time since he became American leader.


The encounter will take place on the sidelines of the G20 meeting in Bali on Monday.


Kate Fisher reports from Washington


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EU unveils new emissions rules for last generation of new petrol & diesel cars

Cars, vans, lorries and trucks sold in the European Union will have to comply with tougher emissions rules in future under new plans aimed at improving air quality.


The EU says its proposals, dubbed "Euro 7 standards", will be the first in the world to regulate emissions of harmful ultrafine particles from brakes and tires.


Rosie Birchard has more from Brussels.


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Section of space shuttle Challenger discovered in Atlantic

NASA says part of the space shuttle Challenger has been discovered on
the seafloor of the Atlantic Ocean, more than 35 years after it
exploded shortly after takeoff.

Seven people died in the 1986 tragedy.

US correspondent Nick Harper reports.

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Long sentences for couple who tried to sell nuclear secrets

A former US Navy engineer and his wife have been jailed for trying to sell military secrets to a foreign country.


Jonathan Toebbe <pron: toby>  was given an 19 year sentence for offering secrets about nuclear-powered submarines. 


His wife Diana Toebbe received 21 years for helping and attempting to hide her role.


Our US correspondent Kate Fisher reports


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Balance of power in U.S. Congress still being decided following midterms

U.S. midterm elections results are showing a better than expected outcome for the Democratic party, who were tipped to lose the House, and possibly the Senate.

President Biden said it was a relief, and a show of success for democracy.

Counting continues for Senate seats for Arizona and Nevada, while Georgia will have a run off on December 6th. 

U.S. Correspondent Caroline Malone reports.


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Bitcoin hits two-year low, as Binance deal to buy FTX collapses

Bitcoin hit a two-year low, falling below 16-thousand dollars
overnight, before recovering slightly Thursday.

This, as the deal to consolidate two large cryptocurrency exchanges —
which spurred the sell-off this week — falls through.

New York correspondent Gabrielle Fahmy reports.

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