Tuesday, March 14, 2023

EU proposes landmark reforms to electricity markets

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The European Commission has published new proposals to change how the bloc powers itself. The commission hopes that these changes to the electricity market will lead to cheaper, more reliable and greener energy for the European market.

Alex Cadier reports from Brussels

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US inflation cools slightly in February bur prices are still rising

Prices in the US are still rising at a fast pace according to government figures released today.


The Consumer Price Index rose 0.4 per cent in February, showing only a slight cooling in inflation from the previous month.


Our US Correspondent Kate Fisher reports


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Biden visits mass shooting site to demand gun action

US President Joe Biden is announcing an executive order to increase
the background checks needed before someone can buy a firearm.

The tougher gun requirements come as the President visits the site of
the Monterey Park, California mass shooting.

US correspondent Nick Harper reports.

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US bank stocks rally on Tuesday

US bank stocks rallied on Tuesday after a difficult day of trading on Monday.


This comes after regulators took extraordinary measures over the weekend to backstop all depositors in Silicon Valley Bank, which collapsed last week.


Sally Patterson reports.


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UGANDA KILLS ADF COMMANDER IN DRC







INTRO

Uganda has confirmed that its forces together with the Congolese army (FDLR) have killed a  top commander of the Allied Democratic Forces rebel group.

 

Uganda's army spokesperson says Elias Ssegujja was killed in the North Kivu Province in the Eastern Democratic Republic of Congo.

 

Hillary Ayesiga, reporting from Kampala




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43 Nigerian Nurses Face Criminal Charges In US for Certificate Forgery


INTRO


The Texas Board of Nursing in the United States has filed Formal Charges against 43 Nigerians for false educational credentials.


They are part of a 75-person list under investigation by US authorities  for fraudulently obtaining certificates.


Correspondent Ajeck Mangut reports from Abuja.



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Indian minister to meet startups to address SVB exposure concerns

Intro:

India's federal minister for entrepreneurship is meeting with top startups in the country this week to allay concerns due to the collapse of the Silicon Valley Bank.

The Santa Clara-based lender is considered to be a top choice for many Indian startups with US-based operations.

Ishan Garg has more from New Delhi.

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China set to resume issuing visas to tourists

China is set to start issuing visas to tourists for the first time since easing its strict Covid-19 rules. The move comes as the government focuses on promoting an economic recovery from the impact of the pandemic. 

Richard Kimber reports from Hong Kong.


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Australia Says it Offered to Brief China Over AUKUS Pact

Australia says it offered to brief China over its deal with the UK and the US to buy nuclear-powered submarines.

But Defence Minister Richard Marles said Canberra is not aware of any response from Beijing.

Patrick Fok reports.

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N Korea fires two rockets in response to US war games

North Korea is continuing its response to nearby US-led military drills, firing two more rockets into the Sea of Japan on Tuesday. 

Japan and South Korea are collecting information on latest launches which come two days days after Pyongyang test-fired cruise missiles from a submarine.


Chris Gilbert reports 


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Monday, March 13, 2023

Russia agrees to extend grain deal for sixty days

The United Nations says it will continue to negotiate with Russia
regarding the Black Sea Grain Initiative. Russia on Monday announced
that it will agree to a 60 day extension.
The initiative came about after negotiations by the United Nations and
Turkiye last July with Russia and Ukraine to allow for grain and
fertiliser exports to continue despite the ongoing war.
Jody Jacobs has more from the United Nations...

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US stocks close up after turbulent day of trading

US stocks finished up on Monday as investors weighed up government plans to keep banks afloat.


Over the weekend regulators said they would guarantee all Silicon Valley Bank customers' deposits.


The bank collapsed on Friday, sending shockwaves through global financial markets.


Sally Patterson reports.


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--
Sally Patterson
+16466306676

No unanimous decision from jury in Saipov case

The jury has been unable to reach a unanimous decision on whether to
impose the death sentence on Sayfullo Saipov.
Saipov has been convicted of killing eight people in 2017 on a popular
New York City bike path.
US Correspondent, Jody Jacobs has more...

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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.