Wednesday, December 14, 2022

Germany’s Recession Milder than Expected: Economists

New data out of Germany shows the country is weathering the economic storm enveloping Europe better than expected. 

Record inflation has placed significant pressure on eurozone countries - but economists in Germany are revising their forecasts thanks to increased consumption in the third quarter. 

From Berlin, Trent Murray reports.  

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EU and ASEAN leaders meet for landmark summit amid geopolitical tensions

European Union leaders are meeting with counterparts from the Southeast Asian ASEAN bloc in Brussels for a first-of-its-kind summit dedicated to deepening cooperation.


EU and ASEAN leaders are expected to make announcements on new deals linked to the clean energy transition and infrastructure investment.


But behind the celebratory atmosphere marking 45 years of diplomatic relations, geopolitical tensions are running high... as Rosie Birchard reports.


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POSTAL WORKERS JOIN UK INDUSTRIAL ACTION

A wave of industrial action continues in the UK with postal workers staging their latest strike.

It's over pay and conditions, and coincides with an ongoing 48 hour walkout by rail workers.

On Thursday an historic strike by nurses in the National Health Service is set to go ahead.

Chief Executive of Network Rail, Andrew Haines says he's disappointed industrial action hasn't been called off.

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Washington "glad" that India and China disengaged quickly following clash

The White House has said the Biden administration is "glad" that India and China quickly disengaged after clashing recently at a disputed border.

India's defence minister has said that Indian troops prevented Chinese soldiers from entering their territory last week in their first significant clash in over two years.

Rebecca Bundhun reports.

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Hong Kong scraps Covid restrictions for new arrivals

Hong Kong is scrapping Covid-19 restrictions for new arrivals to the city.

The government says the rules are no longer necessary, and it’s time to reestablish the city’s reputation as a tourism and business hub.

Richard Kimber reports from Hong Kong.


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Tuesday, December 13, 2022

Stocks rise on better-than-expected inflation data

U.S. stocks rose Tuesday off the back of some better-than-expected
inflation data.

Now traders will have to wait until Wednesday to see if this will
impact the Federal Reserve's strategy going forward.

William Denselow reports from New York.

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Respect for Marriage Act signed into US Federal law placing greater protections on same sex marriage


US President Joe Biden has now signed the respect for marriage act into federal law.


The act provides greater nationwide protections for same-sex couples.


Chris Jones has more from Washington DC.


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US lawmakers introduce bill to ban TikTok

A group of US lawmakers have unveiled a plan to try and ban the
Chinese owned popular video creation app TikTok.

There have been concerns that Chinese intelligence could gain access
to data of American users.

Nick Harper reports from Washington.

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EU still deadlocked over gas price cap

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European ministers have failed yet again to agree on an emergency price cap on the price. The measure, which faced fierce resistance from several member states, is designed to mitigate against sharp price spikes in Europe's volatile energy market.


Alex Cadier reports from Brussels.


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US scientists achieve major nuclear fusion breakthrough

Researchers in the US have achieved an important milestone in the quest to recreate the energy that powers the sun.

The development has raised hopes that nuclear fusion could become a viable source of clean energy,

Ira Spitzer reports.


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U.S. markets surge higher as inflation eases

US stocks surging higher on Tuesday as fresh inflation data shows consumer prices eased for another month.

Investors are hoping the lower-than-expected pace of inflation just may convenience the U.S. central bank to raise interest rates less aggressively when it issues its decision on Wednesday.

Toni Waterman has more.

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SEC charges Sam Bankman-Fried with fraud

The U.S. Securities and Exchange Commission has charged FTX founder
Sam Bankman-Fried with fraud.

The former cryptocurrency exchange CEO was arrested in the Bahamas Monday.

U.S. prosecutors have unseal an indictment charging him with eight
counts including wire fraud and conspiracy to commit money laundering.

William Denselow reports from New York.

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One billion euros pledged for Ukraine at Paris summit

More than 40 nations have pledged a billion euros, or just over 1 billion dollars, to support Ukraine to get through the winter.

The announcement was made at an international summit hosted jointly by France and Ukraine.

Ross Cullen reports.



UK Prime Minister unveils new plan to tackle asylum backlog

UK Prime Minister Rishi Sunak has announced a new five-point plan aimed at tackling the UK's asylum backlog.

This year has seen more small boat crossings of the English Channel from France than ever before.

As well as doubling the number of caseworkers, Sunak said a new approach will mean the vast majority of asylum applications from Albanians will be refused.

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The leader of the opposition Labour party Keir Starmer said the Conservatives have tried and failed to solve this issue in the past with "gimmicks" like this.

US-Africa Leaders Summit aims to counter Chinese influence

Leaders from almost 50 African nations are holding meetings in
Washington to foster partnerships between America and the Continent.

The US-Africa Leaders Summit is also an attempt by the Biden
administration to counter Chinese and Russian influence across Africa.

Nick Harper reports from Washington.

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UK GOVERNMENT PROVIDES £105M TO TEST FOR RARE CONDITIONS IN BABIES

The UK government has set aside £105m to fund a three-year DNA sequencing programme that aims to identify, much earlier, a number of rare genetic conditions in children. 100,000 newborns in England will be able to take part in the study that health experts hope will allow those that need treatment to access it more swiftly. Laura Makin-Isherwood has more.


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Allied Democratic Forces Rebels-ADF Attack Village in Western Uganda

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The Ugandan Army says it’s killed a dozen and captured eight Allied Democratic Forces, terrorists after they attacked a village in the Western part of the country.

The rebels are said to have crossed the common DRC – Uganda border through River Semiliki before attacking civilians in Ntoroko district.

Isabel Nakirya reports

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COVID-19: Nigeria Relaxes Travel Protocols, Cancels PCR Test


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Nigeria's federal government has announced a further review of COVID 19 restrictions in the country.


In a letter addressed to airline operators on Monday, Nigerian Civil Aviation Authority said pre-arrival or post-arrival testing for COVID 19 is no longer required for travellers, irrespective of vaccination status.


Ajeck Mangut reports from Abuja


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FRESH UK RAIL STRIKES BEGIN

UK commuters are facing more disruption as another national rail strike gets underway.

RMT union members are beginning the first of two 48-hour walkouts this week, after rejecting a latest pay offer as 'substandard'

Half of all lines are closed - with a limited service on others.

Rail minister Huw Merriman wants RMT boss Mick Lynch to call off the strikes.

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Indian and Chinese troops clash at the countries' border.

India's Defence Minister is set to address Parliament after clashes between Indian and Chinese troops at the countries' border.

It's the first military flare-up of its kind in more than a year.

Sreoshi Mukherjee reports...

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