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Archive

World

Monday, December 21, 2020

Egypt needs to do more to help private sector, World Bank says
Africa

Egypt needs to do more to help private sector, World Bank says

  • Exports remain below those of competing countries even after Egypt cut the value of its currency by about half in November 2016.
  • Despite Egypt's growing domestic market and proximity to international markets, Egypt is yet to attract strong FDI inflows.
Published 21 Dec, 2020 07:25pm
Key facets of the $900 billion U.S coronavirus relief bill
USA

Key facets of the $900 billion U.S coronavirus relief bill

  • On Sunday, bipartisan lawmakers in the United States Congress released a long-awaited $900 billion coronavirus relief bill, which is expected to be signed into law by President Trump.
  • This relief package will be combined with an additional $1.4 trillion in federal funding and tax provisions to facilitate federal agencies through the end of September.
Updated 21 Dec, 2020 07:17pm
More than 40pc of Spaniards willing to get COVID-19 vaccine
Europe

More than 40pc of Spaniards willing to get COVID-19 vaccine

  • While 28% of respondents in the survey by the Centre for Sociological Studies (CIS) said they would not take the vaccine immediately.
  • The EU drug regulator is expected to decide on Monday on approval for the vaccine developed by Pfizer and BioNTech after the shot was authorised in several countries.
Published 21 Dec, 2020 06:39pm
Israeli spyware software used by Saudi Arabia, UAE to hack Al Jazeera journalists: Report
Middle East

Israeli spyware software used by Saudi Arabia, UAE to hack Al Jazeera journalists: Report

  • According to a cyber-security watchdog, dozens of journalists at the Al Jazeera Media Network were targeted this year by advanced Israeli spyware, linked with the governments of Saudi Arabia and the United Arab Emirates.
  • Researchers from the Citizen Lab at the University of Toronto published a report on Sunday, detailing how the Pegasus spyware infected the cellular devices of 36 journalists, producers, anchors and executives at the media network.
Published 21 Dec, 2020 06:27pm
World closes borders to Britain as new coronavirus strain breeds panic
Europe

World closes borders to Britain as new coronavirus strain breeds panic

  • More countries closed their borders to Britain on Monday over fears of a highly infectious new coronavirus strain, heightening global panic.
  • A slew of countries have already suspended travel, including France, Germany, Italy, the Netherlands, Austria, Ireland, Belgium, Israel and Canada.
Published 21 Dec, 2020 06:14pm
Indian farmers vow to carry on protests despite cold, deaths
South Asia

Indian farmers vow to carry on protests despite cold, deaths

  • Tens of thousands of Indian farmers, protesting over agricultural laws that they say threaten their livelihoods, have vowed to carry on their around-the-clock sit-ins despite cold weather that has already led to some deaths among them.
  • Since late November, when thousands of farmers arrived in trucks and tractors to camp out on the borders of New Delhi, nearly 30 people have died, several of them as a result of freezing weather, farmers said.
Published 21 Dec, 2020 05:31pm
Germany to Iran: Don't waste chance for rapprochement with U.S
World

Germany to Iran: Don't waste chance for rapprochement with U.S

  • Iran should avoid taking any tactical steps that would make it hard for Biden to reverse President Donald Trump’s decision to quit the deal, says German Foreign Minister.
  • “This chance, this last window of opportunity, must not be wasted.”
Published 21 Dec, 2020 03:46pm
Rockets fired at U.S. embassy land inside Baghdad's Green Zone, damaging compound
Middle East

Rockets fired at U.S. embassy land inside Baghdad's Green Zone, damaging compound

  • At least eight Katyusha rockets landed in Baghdad’s heavily fortified Green Zone in an attack targeting the U.S. Embassy, causing some minor damage on the compound on Sunday.
  • The U.S. Embassy condemned the attack and urged all Iraqi political and governmental leaders to take steps to prevent such attacks and to hold accountable those responsible.
Published 21 Dec, 2020 02:59pm
Britain, EU tell each other to give way in 'difficult' trade talks
Europe

Britain, EU tell each other to give way in 'difficult' trade talks

  • With less than two weeks before Britain leaves the EU’s orbit, both sides are calling on the other to move to secure a deal and safeguard annual trade in goods from tariffs and quotas.
  • The EU wants to be able to impose trade barriers in the event that Britain changes its regulations in the future and undercuts the bloc’s market of 450 million consumers.
Published 21 Dec, 2020 11:45am
Japan sets record $52 billion military budget with stealth jets, long-range missiles
World

Japan sets record $52 billion military budget with stealth jets, long-range missiles

  • Japanese Prime Minister Yoshihide Suga’s government approved a ninth consecutive rise in military spending on Monday, funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China’s growing military power.
  • The Ministry of Defense will get a record 5.34 trillion yen ($51.7 billion) for the year starting in April, up 1.1% from this year.
Published 21 Dec, 2020 11:17am
U.S. Congress reaches deal on COVID-19 aid package, plans votes for Monday
USA

U.S. Congress reaches deal on COVID-19 aid package, plans votes for Monday

  • U.S. congressional leaders reached agreement on Sunday on a $900 billion package to provide the first new aid in months to an economy and individuals battered by the surging coronavirus pandemic.
  • The pandemic will stand as the largest crisis facing Biden’s new administration, although signs of hope have emerged as the United States has begun vaccinating people against the highly contagious respiratory disease.
Published 21 Dec, 2020 11:11am