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Archive

World

Thursday, September 24, 2020

Mnuchin says US Treasury cannot act on own to avert airline layoffs
Cotton

Mnuchin says US Treasury cannot act on own to avert airline layoffs

  • Airlines have been pushing Congress for months to back a new $25 billion bailout and extend payroll assistance to prevent passenger airline layoffs for another six months.
  • "Unfortunately there is not," Mnuchin said. He added the funding from Congress approved in March "literally saved the entire industry."
Published 24 Sep, 2020 11:55pm
US CDC reports 201,411 coronavirus deaths
USA

US CDC reports 201,411 coronavirus deaths

  • The CDC reported its tally of cases of the respiratory illness known as COVID-19.
  • The CDC figures do not necessarily reflect cases reported by individual states.
Published 24 Sep, 2020 11:37pm
France opens probe into BNP Paribas over its role in Sudan
Europe

France opens probe into BNP Paribas over its role in Sudan

  • The probe comes after nine Sudanese plaintiffs, who said they have been victims of rights abuses by ousted Sudanese President Omar al-Bashir's former government of Sudan.
  • The plaintiffs allege the French bank was complicit in crimes against humanity because it provided financial services for the Sudanese government.
Published 24 Sep, 2020 11:26pm
Somalia meeting most targets on road to debt relief, says IMF
Africa

Somalia meeting most targets on road to debt relief, says IMF

  • Authorities have remained steadfast in their commitment to economic reforms, meeting all structural benchmarks for the first review.
  • Somalia is reorganising the Central Bank, and making reforms in customs and tax collection, the Fund said.
Published 24 Sep, 2020 11:24pm
Mary Trump, niece of Donald Trump, sues US president and family for fraud
USA

Mary Trump, niece of Donald Trump, sues US president and family for fraud

  • The complaint accused Donald Trump, his sister Maryanne Trump Barry, and his brother Robert Trump, who died in August, of "rampant fraud and misconduct."
  • She accused the siblings of seizing control of the real estate empire built by their father Fred Trump Sr, who died in 1999, and exploiting it to enrich themselves.
Published 24 Sep, 2020 11:11pm
Prime Minister Imran Khan on Poverty, Financial Accountability, and Transparency at high-level UNGA panels
World

Prime Minister Imran Khan on Poverty, Financial Accountability, and Transparency at high-level UNGA panels

  • Prime Minister Imran Khan stated that “Each year billions of dollars illicitly flow out of developing countries. My government came with a robust public mandate to get rid of this menace from our country”, arguing that a multilateral framework of international cooperation would be required to “bring the perpetrators of financial crimes to justice”.
Published 24 Sep, 2020 07:48pm
Facebook to reject political ads prematurely claiming US election victory
Kerb

Facebook to reject political ads prematurely claiming US election victory

  • The move expands the company's plans, announced earlier this month, to stop accepting new political ads in the week before the election.
  • Chief Executive Mark Zuckerberg has articulated similar concerns about confusion likely to follow the election if results are not immediately clear.
Published 24 Sep, 2020 01:22am
Trump unveils new sanctions targeting Cuban rum, cigars, hotels
USA

Trump unveils new sanctions targeting Cuban rum, cigars, hotels

  • The moves were the latest in Trump's effort, since taking office in January 2017, to roll back a detente with America's old Cold War foe pursued by his Democratic predecessor.
  • Trump's aides believe his toughened stance on Cuba has gone down well in the large Cuban-American community in south Florida.
Published 24 Sep, 2020 12:01am