Friday, May 26, 2023

Markets look to jobs data and debt ceiling in week ahead [PREVIEW]

Last week focus on Wall Street was dominated by whether a deal can be
reached before the U.S. defaults on its debt.

Investors are hoping to put those fears aside in the week ahead and
focus instead on fresh economic data.

William Denselow reports from New York. 

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Texas AG Ken Paxton faces impeachment

Texas lawmakers could vote as soon as Friday on whether to impeach Republican Attorney General Ken Paxton, who for years has dodged numerous scandals and corruption allegations with little scrutiny from Texas's GOP-led legislature. But on Thursday night, his own party filed 20 articles of impeachment against him after shocking details about his behavior emerged earlier in the week. Toni Waterman has more.

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Dr fined for speaking about 10 year old rape victims abortion

An Indiana doctor has been reprimanded and ordered to pay a fine of
some three thousand dollars for violating a young patient's privacy.
Dr. Caitlin Bernard performed an abortion to a 10-year-old rape victim
from Ohio, she later spoke about it on television at an abortion
rights rally against the overturning of Roe versus Wade.
Jody Jacobs has more...

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Vatican says Pope Francis missed audiences due to fever


The Vatican says Pope Francis did not hold any audiences on Friday because he has a fever.

The 86-year-old was hospitalised in March with bronchitis but returned to normal duties after treatment.

Giles Gibson reports from Rome.

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Debt negotiations as US lawmakers leave Washington

US Debt ceiling negotiations are continuing in Washington even as most
lawmakers leave town for a three-day weekend.

Democrats and Republicans are trying to agree to an increase to the
country's borrowing limit before June 1st when the US is expected to
default on its debts.

Nick Harper reports from Washington.

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Several People Dead as Landslides Hit Eastern Uganda

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Several people are feared dead in Eastern Uganda following a landslide that was triggered by heavy rains.

The Uganda Red Cross says five bodies have so far been retrieved from mud while several are still missing.

Isabel Nakirya reports

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Two cheetah cubs die in India raising concerns about conservation plans

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Two more Cheetahs cubs have died in India's Kuno National Park where a multi-million-dollar conservation effort is underway.

 A total of three cubs have died due to extreme weather conditions so far.

20 Cheetahs have been brought in from Africa to reintroduce them to the wild, five decades after their extinction in India.  

Ishan Garg reports.

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HUNDREDS OF FLIGHTS CANCELLED AHEAD OF HOLIDAY WEEKEND

British Airways has cancelled more than 100 flights at Heathrow because of an IT problem.

The firm says its systems are back up and running but has warned of a knock-on impact for people heading away for the public holiday weekend.

It's also expected to be a busy weekend on the roads and ferry crossings.

Matt Barnes - who runs a coach company in Kent - is hoping his drivers won't face a repeat of huge queues at English ports.

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China scrambles to roll out vaccines ahead of covid peak

Health officials in China are scrambling to get vaccines against COVID-19 out, amid a fresh wave of infections expected to peak in June. As many as 65 million people a week are predicted to contract a new strain of the coronavirus, as new XBB variants evolve swiftly. There are fresh fears China’s immunity is waning, following its sudden exit from its zero covid policy. Mark Roughton reports:

 

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Thursday, May 25, 2023

Stocks boost thanks to Nvidia earnings

U.S. stocks were given a boost Thursday thanks to a strong earnings
report from chip maker Nvidia.

But a fast-approaching debt-ceiling deadline continues to unsettle investors.

William Denselow reports from New York.


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Biden says progress being made in debt ceiling talks

US President Joe Biden says he believes a deal will be reached to raise the country's debt ceiling saying the two sides have made progress  - but negotiations continue.


Republicans want to roll back government spending but President Biden and Democrats do not.


The credit rating agency Fitch has put the US on rating watch negative, reflecting the uncertainty around the possibility of a first-ever default.


President Biden reiterated that the only way to move forward is to find a bipartisan agreement.


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Oath Keeper leader sentenced to 18 years over Capitol riot

The leader of the far-right Oath Keepers militia group has been sentenced to eighteen years in prison over his role in the January 6th insurrection at the US Capitol.

It's the most severe punishment so far of over a thousand cases stemming from the attack.

US Correspondent Ira Spitzer has more


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Winnie the Pooh teaching kids about mass shootings in Texas

Some parents in Texas finding a shocking book in their children's backpacks this week: Winnie-the-Pooh's 'Stay Safe'. It's a new book about what to do in an active shooting  - teaching kids to run, hide and fight.  Toni Waterman has more.

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French president praises police officers killed in car crash

The French president has paid tribute to three police officers killed in a car crash over the weekend.

Emmanuel Macron attended a formal event of remembrance in the northern town of Roubaix (PRON: Roo-bey).

Ross Cullen reports.




Events held marking 3 year anniversary of George Floyd death

Events are being held across the United States to mark the third anniversary of the death of George Floyd, which sparked protests across the globe.


Floyd's murder in Minneapolis at the hands of a white police officer led to calls for police reform and opened up conversations about systemic racism.


But campaigners say far more is needed to keep Black communities safe.


Sally Patterson reports.


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UN Pledges $2.4 billion For Horn of Africa

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The United Nations has announced a US$2.4 billion pledge to provide life-saving and life-sustaining assistance for nearly 32 million people across the Horn of Africa.

 

The funds will allow humanitarian agencies to sustain aid pipelines of food, water, health care, nutrition, and protection services in Ethiopia, Kenya, and Somalia.


Michael Baleke has that report…

 

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UK PM and Google chief to discuss AI regulation

British Prime Minister Rishi Sunak will hold talks with Google Chief Executive Sundar Pichai about regulation of artificial intelligence, according to broadcaster Sky News. As the technology becomes more advanced, calls are growing for governments to install protections against abuse. Julia Chapman has more.

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Largest Chinese spying campaign against the U.S uncovered

Evidence has emerged that a state-sponsored Chinese hacking group has
been spying on the United States.
The warning from western intelligence agencies and Microsoft say
similar activities could be occurring globally.
There's been no response from China since the warning was released.
US Correspondent, Jody Jacobs has the details...

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New owner slashes jobs at Silicon Valley Bank

The new owners of Silicon Valley Bank are slashing around 500 jobs.

First Citizens bought the company around two months ago following
SVB's collapse.

William Denselow reports from New York.


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RUSSIA SIGNS OFF TACTICAL NUCLEAR WEAPONS TRANSFER TO BELARUS

Moscow and Minsk signed a deal on Thursday to allow Russian nuclear weapons on Belarussian territory.

The Russian Defence Minister says this is in response to a "sharp escalation of threats on the western borders of Russia and Belarus".

The Iskander-M missiles will carry 'tactical' nuclear warheads, which means ones designed for the battlefield rather than as a strategic deterrent.

Stuart Smith reports from Moscow.

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