Tuesday, August 6, 2024

European markets stabilise after global stocks rout on Monday


European markets stabilised in early trading on Tuesday after the week began with a global rout.

Traders around the world are on edge over the U.S. economy potentially sliding into a recession later this year.

Giles Gibson has more.

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Nigeria Police Arrests 873 Suspects During Nationwide Protests

INTRO


Nigeria police says it has arrested close to 900 people during the nationwide protests against bad governance and hunger that kicked off on August 1st.


The protests turned violent following clashes with police, with incidents of vandalism and looting.


Correspondent Ajeck Mangut reports.   


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MAN HOSPITALISED DURING RIOTS IN BELFAST

A suspected "hate crime" has hospitalised a man in Belfast, in Northern Ireland, during a seventh night of riots in the UK.

Police said attackers "stamped on his head" — while others tried to "shield him from further attacks".

Stuart Smith has more.

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UK Water Companies Face Fines Over Sewage Spills

3 water companies in the UK face significant fines over historic sewage spills.


After a public consultation, Thames, Yorkshire and Northumbrian water could be fined a combined total of £168 million ($214 million).


John Bevir reports.


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Bangladesh's President dissolves Parliament

Bangladesh's President has dissolved the country's Parliament, after students threatened to relaunch their agitation.

Protesting students also want an interim government to be formed immediately. They say they will not accept a role for the military in governance.

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Russian missile attack on Ukraine's Kharkiv damages medical clinic

Russia launched missile attacks against Ukraine's northeastern city of Kharkiv on Tuesday striking a densely populated residential area, according to authorities. People are believed to be trapped under rubble. 

Megumi Lim reports from Kyiv  

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India takes stock of Bangladesh crisis Inbox

Even as reports suggest Sheikh Hasina is still in India, a day after she resigned and fled Bangladesh, New Delhi is yet to confirm this development.

The Indian government has briefed political parties on developments, sources say - even as experts warn New Delhi's immediate challenge remains in distancing itself from Hasina.

Neha Poonia has more.

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FRESH DISORDER IN UK TOWNS

Police officers have had bricks and fireworks aimed at them in fresh violence in the English city of Plymouth.

Police made a series of arrests and several officers were injured.

There were also clashes in Belfast and Birmingham.

There have been hundreds of arrests in England and Northern Ireland - in a week of disorder.

Superintendent Russell Dawe spoke after the clashes in Plymouth.

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Political uncertainty in Bangladesh after PM Hasina flees to India

INTRO:


Bangladesh has woken up to uncertainty and more violence, a day after Sheikh Hasina resigned and fled the country. 


Reports suggest she may be in a safe house in Delhi and may soon travel to London, though there's no confirmation yet. 


Ishan Garg has more


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Stocks in Asia rebound after a day of wild selling worldwide

INTRO. Investors in Asia reclaimed a measure of calm on Tuesday, after a day of frenzied selling around the world over concerns about a potential US recession. Japanese, South Korean and Taiwanese stocks were all up in morning trade after a day of historic losses. Laura Westbrook reports from Hong Kong.
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Harris VP pick in coming hours

US Democratic candidate Kamala Harris is expected to announce her vice
presidential pick on Tuesday morning, ahead of the pair's first
campaign rally in Philadelphia.

Harris has reportedly cut her pool of possible running mates down to just two.

As Nick Harper reports from Washington.

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Monday, August 5, 2024

US judge rules against Google in landmark antitrust decision

A US federal judge has ruled that Google maintains an illegal monopoly in online search.


The decision could fundamentally alter how large technology companies do business.


Ira Spitzer has more.


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Hurricane hits US coastline

A major tropical storm has made landfall in Florida — already causing deaths and catastrophic flooding. 


It's expected to bring "life-threatening" surges and record rainfall in coming days, as Benji Hyer reports. 


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Biden meets National Security team over Middle East concerns

US President Joe Biden is meeting / has met [scheduled 215pm EST] with
his National Security team amid fears of a wider regional war erupting
in the Middle East.

There are heightened concerns Iran is planning a retaliatory attack
against Israel following the killing of Hamas leader Ismail Haniyeh in
Tehran and a Hezbollah commander in Beirut.

Nick Harper reports from Washington.

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Markets in a tailspin over US economic slowdown

US Stocks tumbled at the opening of the bell at the New York Stock
exchange on Monday as fears about a US economic slowdown sent
shockwaves of fear through global markets.
The volatility even spread to other markets in Asia and Europe, as
Japanese stocks suffered their biggest ever daily loss closing more
than 12% lower.
Jody Jacobs reports from New York.

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Former Pakistani Prime Minister Imran Khan has been behind bars for a year now

Intro:

Monday marks a year since Imran Khan, Pakistan's former-Prime Minister, was jailed.

To mark the day, his party has given a call to hold nationwide protests

Hira Mustafa has more. 

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TikTok agrees to withdraw TikTok Lite from Europe

TikTok has agreed to permanently withdraw its TikTok Lite Rewards
program from the European Union.

The move came after the EU raised concerns over the addictiveness of
its features.

William Denselow reports from Brussels.


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European stocks in the red amid global sell-off


Stocks in Europe slid into the red in Monday's early trading, as a global selloff gathered momentum.

The rout was initially sparked by a disappointing jobs report in the U.S. at the end of last week - but has now spread to Europe and Asia.

Giles Gibson has more from Rome.

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Ukraine begins deploying long-awaited F-16 jets

Ukrainian pilots have begun flying the American-made F-16 jets for operations inside the country, Ukrainian President Volodymyr Zelensky announced over the weekend, confirming their long-awaited arrival. 

Megumi Lim reports from Kyiv  

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Sheikh Hasina resigns, flees Bangladesh

Bangladesh's long-serving Prime Minister Sheikh Hasina has resigned and fled the country.

It's unclear who will now govern the country, but Bangladesh's Army chief is set to address the nation later today.

Our South Asia correspondent Neha Poonia has more.

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