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World - 2021-01-15
Biden taps former deputy CIA director Cohen for spy agency again
USA

Biden taps former deputy CIA director Cohen for spy agency again

  • Cohen previously served as the deputy director for the Central Intelligence Agency from 2015 to 2017 under Democratic then-President Barack Obama.
  • Special projects on new technologies and how best to work with companies to advance the CIA's mission
Published 15 Jan, 2021 09:22pm
Lebanese parliament approves law paving way for vaccine deal
Middle East

Lebanese parliament approves law paving way for vaccine deal

  • Lebanon said in mid-December it was expecting to sign a deal for supplies of Pfizer-BioNTech's COVID-19 vaccine and hoped to receive the first batch eight weeks after that.
  • The law includes a clause that points to the Lebanese health ministry as the only entity responsible for compensation.
Published 15 Jan, 2021 09:00pm
US business inventories rise in November
USA

US business inventories rise in November

  • Business inventories rose 0.5% in November after increasing 0.8% in October, the Commerce Department said on Friday.
  • Retail inventories excluding autos, which go into the calculation of GDP, gained 0.2% instead of 0.3% as estimated last month.
Published 15 Jan, 2021 08:20pm
'Spend as much as you can,' IMF head urges governments worldwide

'Spend as much as you can,' IMF head urges governments worldwide

  • In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would say: 'please spend'. Spend as much as you can and then spend a little bit more.
  • Georgieva praised Russia's synchronised response to the economic challenges created by the COVID-19 pandemic.
Published 15 Jan, 2021 08:16pm
Inside Trump’s final days: Aides struggle to contain an angry, isolated president
USA

Inside Trump’s final days: Aides struggle to contain an angry, isolated president

  • Trump had wanted to join the thousands of hardcore followers who assembled at Capitol Hill on Jan. 6.
  • Trump’s fiery, grievance-filled speech from the Ellipse park on the southern outskirts of the White House was a central focus of this week’s hastily arranged proceedings in the House of Representatives that led to his impeachment on a charge of inciting insurrection.
Published 15 Jan, 2021 08:14pm
It might be time to ‘rein in’ media after DC riots: says AOC
USA

It might be time to ‘rein in’ media after DC riots: says AOC

  • The Squad members had a lengthy discussion on the aftermath of Capitol riot on Instagram live stream.
  • “We’re going to have to figure out how we rein in our media environment so you can’t just spew disinformation and misinformation,” she said.
Published 15 Jan, 2021 07:54pm
US retail sales fall again in December
USA

US retail sales fall again in December

  • Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported.
  • The report followed in the wake of news last week that the economy shed jobs in December for the first time in eight months.
Published 15 Jan, 2021 07:46pm
US producer prices increase moderately in December
USA

US producer prices increase moderately in December

  • The producer price index for final demand increased 0.3% last month after nudging up 0.1% in November.
  • A 1.1% increase in the cost of goods accounted for last month's rise in the PPI. Prices for services dipped 0.1%.
Published 15 Jan, 2021 07:04pm
Dutch government resigns over childcare subsidies scandal
Europe

Dutch government resigns over childcare subsidies scandal

  • The Dutch government, led by Prime Minister Mark Rutte has resigned over the childcare subsidies scandal.
  • A report last month revealed that around 10,000 families in the Netherlands had been forced to repay tens of thousands of euros worth of subsidies, after being falsely accused of fraud.
Updated 15 Jan, 2021 07:36pm
Dutch government resigns over childcare subsidies scandal
Europe

Dutch government resigns over childcare subsidies scandal

  • Rutte said he had handed his resignation to King Willem-Alexander. The cabinet would remain in place in a caretaker capacity to manage the coronavirus crisis for now.
  • Many of the families were targeted based on their ethnic origin or dual nationalities.
Published 15 Jan, 2021 06:56pm
South Africa's Zuma snubs anti-graft panel again
Africa

South Africa's Zuma snubs anti-graft panel again

  • Zuma, 78, has played cat-and-mouse with the commission since it was set up in 2018 to investigate looting of state coffers during his nine-year tenure.
  • He reappeared briefly before the commission in November to demand that the its chair, deputy chief justice Raymond Zondo recuse himself.
Updated 15 Jan, 2021 09:08pm
Taliban kill 9 Afghan security personnel in checkpoint raids
South Asia

Taliban kill 9 Afghan security personnel in checkpoint raids

  • The militants launched simultaneous raids on the checkpoints in Kunduz, a region bordering Tajikistan that has seen regular clashes between the insurgents and government forces.
  • The insurgents have regularly attacked security forces in the province, often attempting to enter Kunduz city,
Published 15 Jan, 2021 06:48pm
UK economy shrinks but might avoid double-dip recession
Europe

UK economy shrinks but might avoid double-dip recession

  • GDP falls 2.6% in November from October vs 5.7% forecast.
  • ONS says many businesses have adapted well to lockdown.
  • Services output down 3.4%, construction up 1.9%, industry flat.
  • Finance minister Sunak warns "things will get harder".
  • Headwinds from Brexit disruption, renewed lockdown mount in Q1.
Published 15 Jan, 2021 06:16pm
Germany hopes for quick talks with US about Nord Stream 2
Europe

Germany hopes for quick talks with US about Nord Stream 2

  • Nord Stream 2, designed to double capacity of the existing undersea Nord Stream gas pipeline from Russia to Germany.
  • The group behind the pipeline suspended works in December 2019 due to the threat of sanctions from Washington.
Published 15 Jan, 2021 05:48pm
Paraguay approves Russia's Sputnik V vaccine
Europe

Paraguay approves Russia's Sputnik V vaccine

  • The Russian Direct Investment Fund said the vaccine had been granted emergency use authorisation by Paraguay's regulators.
  • Other countries that approved the vaccine in this way so far include Argentina, Bolivia, Venezuela, Algeria and Serbia.
Published 15 Jan, 2021 05:05pm
American troops in Afghanistan formally down to 2500
USA

American troops in Afghanistan formally down to 2500

  • The United States military has met its goal of reducing the number of troops in Afghanistan to about 2500, as ordered by President Trump in November.
  • President-elect Biden has advocated retaining a small counter-terrorism force in Afghanistan, in an effort to ensure that extremist groups like Al-Qaeda are unable to launch attacks on the United States.
Updated 15 Jan, 2021 04:05pm
Biden picks Clinton adviser Rosenberger as White House China director
China

Biden picks Clinton adviser Rosenberger as White House China director

  • Laura Rosenberger, a State Department and White House veteran who was a foreign policy adviser to Hillary Clinton’s unsuccessful 2016 presidential election campaign, will serve as senior director for China in Joe Biden’s White House.
  • Ties between the United States and China have plunged to the lowest level in decades in the last year of Donald Trump’s presidency.
Published 15 Jan, 2021 02:58pm
UK to step up coronavirus vaccinations: FT

UK to step up coronavirus vaccinations: FT

  • The government is preparing to vaccinate all individuals over the age of 50 by mid- to late March, The Times reported on Friday citing Whitehall sources.
Published 15 Jan, 2021 12:22pm
Pence vows to honor U.S. history, ensure safe inauguration of new president

Pence vows to honor U.S. history, ensure safe inauguration of new president

  • “We all lived through that day - January 6. And as the president made clear yesterday, we are committed to an orderly transition and to a safe inauguration. The American people deserve nothing less,” Pence said during his first public event since the attack that left five people dead.
Published 15 Jan, 2021 10:58am
Xi rewrites China's rags to riches tale

Xi rewrites China's rags to riches tale

  • The 66-year-old Zhong is currently ranked the 8th richest man in the world, according to a real-time index from Forbes, ahead of former Google head Larry Page and India's Mukesh Ambani.
Published 15 Jan, 2021 10:48am
China's new COVID-19 outbreaks

China's new COVID-19 outbreaks

  • It has sealed off entire cities throughout Hebei province, paying particular attention to the roads connecting Hebei to its neighbour, the Chinese capital Beijing. It is also tracking people who have travelled out of the province since December.
Published 15 Jan, 2021 10:39am
Japan need for fiscal reform becomes acute after virus stimulus: Aso

Japan need for fiscal reform becomes acute after virus stimulus: Aso

  • Prime Minister Yoshihide Suga's government put priority on the coronavirus response and economic revival over fiscal reform as it has rolled out a combined $3 trillion in economic packages -- two-thirds the size of Japan's gross domestic product.
Published 15 Jan, 2021 10:15am
Tesco logs record Christmas

Tesco logs record Christmas

LONDON: Supermarket giant Tesco, Britain’s biggest retailer, on Thursday reported record Christmas sales, with...
Updated 15 Jan, 2021 04:23am
Jordan’s king gets coronavirus jab

Jordan’s king gets coronavirus jab

AMMAN: Jordan’s King Abdullah II received a Covid-19 vaccine jab on Thursday, a day after the country launched its...
Updated 15 Jan, 2021 04:23am