Wednesday, June 12, 2024

US central banks keeps interest rate unchanged and hits at just one future cut

The US Federal Reserve says it intends to bring down interest rates by the end of the year — but only once, quashing any expectations of much sharper cuts.


The country's central bank left borrowing costs on hold between 5.25%-5.5%, a 23-year high. 


Benji Hyer reports. 


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US inflation unchanged in May but remains higher that 2023

The latest US government data shows that inflation slowed last month.

But the Labor Department report highlighted that prices are still
higher than this time last year.

Nick Harper reports from Washington

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Hunter Biden faces more legal problems after conviction

The guilty verdicts against Hunter Biden marks the first time the
child of a sitting US president has been convicted.

But it doesn't cap the end of his legal problems.

Sentencing is ahead… but so is another trial, later this year, on tax fraud.

Nick Harper reports from Washington.

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G7 leaders start arriving for summit in southern Italy


G7 leaders including U.S. President Joe Biden and France's Emanuel Macron are arriving in southern Italy for a critical summit.

They're set to discuss how to use 300 billion dollars of frozen Russian assets to help Ukraine, amongst a host of other global challenges.

Giles Gibson is following the summit for us in the Italian city of Bari.

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UN experts cites war crimes by Israel and Palestinian militants

United Nations Human Rights experts revealed on Wednesday that Israeli
forces and Palestinian militants engaged in sexual and gender-based
violence during the first months of the Israel-Hamas war.
The expert team led by former U.N. human rights chief Navi Pillay also
found that the Israeli military is responsible for war crimes by using
starvation as a method of warfare.
Jody Jacobs has more...

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GERMAN DEFENCE FIRM TO BEGIN BUILDING ARMOURED VEHICLES IN UKRAINE

One of the world's biggest defence firms has announced plans to build an arms factory in Ukraine. 

It follows a two day meeting in Berlin, where President Zelenskyy called on Ukraine's allies to continue to help his country defend itself against Russia. 

From Berlin, Trent Murray has the details. 

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Pakistan's government set to unveil its annual maiden budget for the fiscal year 2024- 2025

Intro:

Pakistan's government is set to present its maiden annual budget for the fiscal year 2024-25, which is crucial for securing a new IMF deal.

The cash-strapped nation avoided debt default by securing a $3 billion loan from the IMF last year.

The IMF is urging Islamabad to implement new tax reforms and increase electricity and energy prices to stabilize its fragile economy.

Hira Mustafa has more.

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EU slaps additional tariffs on Chinese electric vehicles

The European Commission has slapped additional tariffs on Chinese
electric vehicles.

The duties of up to 38 percent are in response to European Union
accusations that Beijing is engaging in unfair trade practices.

China rejects the allegations and has threatened to retaliate.


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FARAGE OFFERED EXTRA SECURITY

Leader of the Reform UK Party Nigel Farage has been offered additional private security by the country's Home Office.

It comes after the right-wing party leader had objects thrown at him during a campaign visit to Barnsley on Tuesday.

A man's been charged over that incident.

Mr Farage was also hit by a milkshake in Essex last week.

Former Labour home secretary Jacqui Smith is chair of the Jo Cox Foundation.

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Nigeria Dismisses Allegations of Russian Recruitment of its Students to Fight Against Ukraine

Nigeria has dismissed media reports indicating that Russia is allegedly recruiting Nigerian students in the country to team up with its troops against Ukraine.

 

Correspondent Tesem Akende reports from Jos.

 

Take Radio

 

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TANZANIA REPTILE RESEARCH

The  Ruaha National park is embarking on research on Tanzania's reptiles. The plan is to add variety for tourism offerings . Once complete it will probably be the first serious study on snakes to be conducted in the country's parks..

Daniel Kijo reports .......

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EU set to impose additional tariffs on Chinese electric vehicles

The European Commission is expected to announce it's applying
additional tariffs on Chinese electric vehicles.

The duties of up to 25 percent are a response to European Union
accusations that Beijing is engaging in unfair trade practices.

China rejects the allegations and has threatened to retaliate.

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WHO reports human case of bird flu in India

The World Health Organization has confirmed a case of human infection with bird flu in India.

The United Nations agency says that the infection caused by the H9N2 virus was detected in a four-year-old child in the eastern Indian state of West Bengal.

Rebecca Bundhun reports from Mumbai.

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Indian security forces engage in gun-fight with militants in Kashmir

Intro:


Indian security forces are fighting militants in the Jammu and Kashmir region after another skirmish broke out on Wednesday. 


This comes just days after terrorists attacked a bus full of pilgrims in the same region resulting in nine deaths. 


Ishan Garg has more from New Delhi. 


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UK GREENS PROMISE TAX HIKES FOR WEALTHY

In the UK, the Green Party is promising tax hikes for the wealthiest to generate £70bn ($90bn) a year for its spending pledges.

The Greens are launching their manifesto ahead of the July 4th election, promising transformational change on the green economy, housing and transport.

Labour and the Conservatives are accusing each other of billions of unfunded spending pledges or tax cuts.

It comes ahead of the latest head-to-head TV debate later between Conservative leader Rishi Sunak and Labour's Keir Starmer.

Culture Secretary Lucy Frazer says Rishi Sunak has a clear vision.

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Labour are promising funding to fix millions of potholes in roads...The Liberal Democrats are campaigning on water quality...and Reform UK's Nigel Farage says he'll keep campaigning after objects were thrown at him during a trip to Barnsley.

Suspect arrested in stabbing of 4 instructors from Iowa college in China say police

INTRO: Police in China have arrested a 55-year-old man after four US university tutors were stabbed at a public park.

The Iowa Cornell College instructors were taken to hospital after a "serious incident" during the daytime attack in the northern province of Jilin, a college statement said.

Laura Westbrook reports.

Japan plans to expand private sector gender gap transparency

Japan may soon require more companies to disclose gender gap data. 

It comes as the country ranks 118th in a new World Economic Forum gender parity survey. 


Chris Gilbert reports from Tokyo. 


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Tuesday, June 11, 2024

SCOTUS Justice taped agreeing America should "return to a place of godliness"

US Supreme court justice Samuel Alito has been recorded agreeing that America should return "to a place of godliness", just weeks after he came under fire for controversial flags that flew above his homes.


The secretly taped audio was captured by a liberal filmmaker posing as a religious conservative at a private event.

Kate Fisher reports from Washington


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Hunter Biden guilty, after jury deliberates for only three hours

The son of US President Joe Biden has been found guilty of three criminal charges related to the illegal purchase of a gun.
During the trial, there were many witnesses including from the Biden family who spoke of his drug use in and around the time he bought the gun in 2018.
Caroline Malone reports.

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US Port of Baltimore fully reopens after bridge collapse

The Port of Baltimore shipping channel has fully reopened, more than two months after a collapsed bridge brought water traffic to a standstill.


In March, a cargo ship crashed into the Francis Scott Key Bridge in the US state of Maryland - six construction workers were killed in the incident.


A clean-up effort has been underway since then, with thousands of tons of wreckage removed from the busy channel.


Sally Patterson has more.


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