Monday, March 13, 2023

Trump's former fixer due to testify in hush money probe

Donald Trump's former lawyer and fixer Michael Cohen is expected to testify before a grand jury investigating hush money payments he arranged and made on the former president's behalf.


Mr Cohen's closed-door testimony is coming at a critical time as the Manhattan district attorney's office decides whether to seek charges against Mr Trump.


US correspondent Kate Fisher reports


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Biden approves controversial oil drilling project

Activists are preparing to head to court following U.S president Joe
Biden's approval of the massive Willow oil drilling project in Alaska.
The project is an oil drilling venture in the National Petroleum
Reserve owned by the federal government and has rich oil reserves.
Jody Jacobs reports...

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US regional bank shares tumble

Shares in First Republic Bank and several other US regional banks tumbled on Monday as the fall-out from last week's banking crisis continues. 


This comes after Silicon Valley Bank collapsed - fuelling fears of contagion across the sector.


Sally Patterson reports from New York.


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Hundreds of migrants storm bridge in El Paso, Texas trying to enter US

The Paso del Norte International Bridge connecting Texas and Mexico has reopened after hundreds of migrants tried to force their way into the U.S. on Sunday.  Two other bridges were also disrupted.

Toni Waterman has more.

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President Biden says US banking system "safe" following SVB collapse

President Joe Biden insists the US banking system is "safe" as he seeks to allay fears of a broader industry crisis following the collapse of Silicon Valley Bank, the country's 16th largest lender. 


The federal government, which seized the bank's assets last week, confirmed that customers' money — both insured and uninsured — would be fully protected and accessible from Monday. 


Thousands of technology companies had been facing uncertainty for days after the second biggest bank failure in American history and the most substantial since the height of the global financial crash almost 15 years ago.


Benji Hyer reports. 


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UN TRYING TO CONVINCE RUSSIA TO RENEW GRAIN DEAL

Officials from the United Nations and Russia are negotiating the renewal of the Black Sea grain deal, which is due to expire at the end of this week.

Moscow's consistently expressed unhappiness with the deal, claiming it's not seeing the benefits it was promised.

The agreement is designed to guarantee safe export of food and fertiliser through the Black Sea, which is bordered by both Russia and Ukraine.

Without it, food supply and food prices face major disruption as Russia continues to fight Ukraine.

Stuart Smith has more from Moscow.

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Strikes continue across France against pension reform

Strikes are continuing across France against the government's planned pension reform.

Multi-sector walkouts are taking place in protest at the plans to raise the retirement age from 62 to 64.

Ross Cullen reports.


Bank stocks in Europe slide as fears grow over contagion from SVB collapse


European bank stocks have tumbled in Monday's trading in the wake of the collapse of SVB.

Last week Silicon Valley Bank, which counted many tech firms amongst its clients, became the second-largest financial institution to fail in U.S. history.

Giles Gibson has more from Rome.

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HSBC rescues UK tech firms' SVB deposits in government deal

There is relief in the UK among the country’s tech firms, following HSBC’s takeover of the British arm of the failed Silicon Valley Bank.

Following all-night talks between the British government, HSBC bosses and the Bank of England, HSBC has secured depositors’ investments, at no taxpayers’ expense.


Nina-Maria Potts has the latest:


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UK ANNOUNCES $6BN DEFENCE SPEND

UK Prime Minister Rishi Sunak says his government will spend an extra $6bn on defence over the next two years - in a bid to counter hostile threats. The announcement comes as Sunak meets with US President Joe Biden and Australian PM Anthony Albanese in San Diego. Laura Makin-Isherwood reports from London.


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Indian government opposes petitions to legalise same sex marriages

The Indian government has opposed petitions seeking legal recognition for same-sex marriages in the country.

It says same sex marriages do not fall under the concept of a so-called 'Indian Family'.

Sreoshi Mukherjee reports... 

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Nigeria’s Economy Loses 45 Billion Dollars in Cash Mop Up Policy

Nigeria's economy has lost an estimated 40 billion dollars since the introduction of a cash mop up exercise by the country's Central Bank.


A new report by an economic think tank, Centre for the Promotion of Private Enterprises, says the situation has also led to a major risk to the livelihoods of citizens.


Correspondent Tesem Akende reports from Jos.


Take Radio


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HUNDREDS OF FLIGHTS CANCELLED AS GERMAN AIRPORTS STRIKE

Passengers in Europe are being told to prepare for delays as airport workers go on strike in parts of Germany. 

The impact of the industrial action is expected to have knock-on effects across other parts of the continent, as airlines race to cancel hundreds of flights. 

From Berlin, Trent Murray reports. 

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Tens of thousands of junior doctors kick off 72 hour strike in England

In England, hospitals are canceling tens of thousands of appointments and operations this week- prompted by a three day strike by junior doctors.


Some 61,000 junior doctors have kicked off a 72 hour strike, and they are demanding a 35 per cent pay rise.


Nina-Maria Potts has the latest:


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Indian viral dance number Naatu Naatu wins Oscar

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A viral dance number from India, Naatu Naatu has won the Best Original Song Academy Award.
The song from the billion-dollar-grossing movie R-R-R also received a standing ovation at the 95th Oscars.
Ishan Garg has more from New Delhi.
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Everything Everywhere All at Once wins big at Oscars

Everything Everywhere All at Once was the big winner at the 95th Academy Awards, taking home seven Oscars, including the Best Picture prize.


The science fiction film's star Michelle Yeoh [YO] became the first Asian to win the Best Actress award.


US correspondent Ira Spitzer reports.


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Oscar success for Everything Everywhere All at Once

Everything Everywhere All at Once has swept to Oscar glory as the psychedelic sci-fi comedy drama picked up seven Academy Awards, including Best Picture. 


The film's stars also won Best Supporting Actor and Actress, and Michelle Yeoh, the movie's lead, became the first Asian woman to score Best Actress. 


Our US Correspondent Benji Hyer has this round-up. 


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Japan drops masks

The Japanese government is easing COVID guidelines on mask-wearing, in a bid to to normalize daily activities.

But behavioral change is predicted to be slow and many people are likely to continue wearing them.

Nora Weinek reports from Tokyo.

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US government steps in to protect SVB depositors following collapse

People and businesses with accounts at the failed Silicon Valley Bank will be able to access their money following an intervention from the federal government.


The US Treasury, the Federal Reserve and Federal Deposit Insurance Corporation on Sunday confirmed depositors would be fully protected  following the collapse of what was the country's 16th largest lender — that is until regulators seized its assets on Friday.


Benji Hyer reports. 


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China's President Xi Jinping calls for stability as he begins third term in office

China’s President Xi Jinping says greater stability and self-reliance will be the country’s priorities for his next five years in charge. He is beginning an historic third term in office after winning unanimous backing from China’s National People’s Congress.

Richard Kimber reports from Hong Kong.


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