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World

Tuesday, June 30, 2020

Netflix to spend about $100mn to support African-American communities
USA

Netflix to spend about $100mn to support African-American communities

  • The company said in a blog post it will start with $35 million, of which $25 million will be moved to a new fund, "Black Economic Development Initiative".
  • "This capital will fuel social mobility and prosperity in the low- and moderate-income communities these groups serve," Netflix said.
Published 30 Jun, 2020 08:21pm
Biden to attack Trump's handling of COVID-19 as US cases rise
World

Biden to attack Trump's handling of COVID-19 as US cases rise

  • Biden will walk through the timeline of Trump's inaction and failures, and highlight the common-sense actions that Trump refused to take to get the virus under control.
  • At least 2.6 million cases of the coronavirus have been reported in the United States and more than 126,000 deaths.
Published 30 Jun, 2020 07:47pm
China says India's ban on Chinese apps may violate WTO rules
South Asia

China says India's ban on Chinese apps may violate WTO rules

  • India's measure selectively and discriminatorily aims at certain Chinese apps on ambiguous and far-fetched grounds.
  • India banned the apps on Monday, its strongest move against China in the online space since fighting erupted on the two countries' border this month.
Published 30 Jun, 2020 07:44pm
Gulf economies to shrink by 7.6pc this year, IMF says
Middle East

Gulf economies to shrink by 7.6pc this year, IMF says

  • "We expect the GCC economies to contract by 7.6% this year, the contraction will be across all sectors, oil and non-oil."
  • Saudi Arabia's central bank governor said instead that the kingdom expects its economy to fare better than forecast by the IMF.
Published 30 Jun, 2020 07:28pm
Canada GDP likely to rise 3pc in May on gradual reopening
USA

Canada GDP likely to rise 3pc in May on gradual reopening

  • Growth in April plunged by 11.6% from March, a record month-on-month decline, although the fall was less than the 13% predicted.
  • All 20 industrial sectors of the Canadian economy were down in April, StatsCanada said.
Published 30 Jun, 2020 07:01pm
Merkel's mission for EU presidency: ‘Make Europe strong again’
Europe

Merkel's mission for EU presidency: ‘Make Europe strong again’

  • Merkel, who helped steer the EU through its debt and migrant crises, has stressed the need for solidarity in overcoming the COVID-19 crisis.
  • During the German EU Presidency we will do everything in our power to master this task together in a forward-looking way.
Published 30 Jun, 2020 06:56pm
Spain to open border with Morocco only in case of reciprocity
Europe

Spain to open border with Morocco only in case of reciprocity

  • When Morocco sees fit we will collaborate with them to establish controls so this transfer of thousands of people does not become a health risk.
  • Morocco is part of a group of countries to be included on a list of safe travel destinations that the European Union will unveil later on Tuesday.
Published 30 Jun, 2020 06:05pm
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