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Archive

World

Monday, February 8, 2021

Germany expels Russian diplomat in tit-for-tat move
Europe

Germany expels Russian diplomat in tit-for-tat move

  • The Foreign Office today declared 'persona non grata' an employee of the Russian embassy in Berlin.
  • Russia said the diplomats had participated in a demonstration in support of jailed Kremlin critic Alexei Navalny, but Germany disputed this.
Published 08 Feb, 2021 09:15pm
Mexican inflation seen higher in January
USA

Mexican inflation seen higher in January

  • The median forecast of 13 analysts polled was for inflation to climb to 3.46% in January from 3.15% in December.
  • Core annual inflation was expected to register a rate of 3.82%, the survey showed.
Published 08 Feb, 2021 09:09pm
Rough road ahead for Latam and Caribbean economies, says IMF
USA

Rough road ahead for Latam and Caribbean economies, says IMF

  • "The pandemic's resurgence towards the end of the year threatens to thwart an uneven recovery and add to the steep social and human costs," the IMF's economists said in a blog post.
  • "What we're urging in Latin America is, please concentrate on the reforms that would bring more vibrancy to growth," she said.
Published 08 Feb, 2021 08:08pm
Nigeria needs to raise VAT to boost revenues post-recession: IMF
Africa

Nigeria needs to raise VAT to boost revenues post-recession: IMF

  • "The Nigerian economy is at a critical juncture. Policy adjustment and reforms are urgently needed to navigate this crisis and change the long-running lackluster course," it said.
  • Nigeria collects the equivalent of 5.7% of gross domestic product in tax and the government mostly relies for revenue on crude sales.
Published 08 Feb, 2021 08:03pm
Twitter’s India public policy director, Mahima Kaul, resigns
Asia

Twitter’s India public policy director, Mahima Kaul, resigns

  • Twitter’s public policy director Mahima Kaul recently resigned from her role, two sources said. A LinkedIn ad showed the company is seeking candidates for the key government relations position.
  • Twitter confirmed Ms. Kaul’s resignation, saying she would stay on through March and was helping with the transition, but otherwise declined to comment. It said this week that it withholds access to content on receiving a “properly scoped request from an authorized entity”.
Updated 08 Feb, 2021 08:26pm
Indonesia's medical seniors get vaccines after regulator's green light
South Asia

Indonesia's medical seniors get vaccines after regulator's green light

  • Indonesia's food and drug agency recently approved use of the Sinovac Biotech vaccine for the elderly, potentially changing the country's strategy to focus on the working population.
  • I hope that once I am vaccinated I will be safe in my daily life, especially as the rate of the pandemic is going up, not down.
Published 08 Feb, 2021 07:02pm
Indian court lifts hold on Future's $3.4bn retail deal in setback for Amazon
South Asia

Indian court lifts hold on Future's $3.4bn retail deal in setback for Amazon

  • A two-judge bench hearing Future's appeal on Monday put on hold the previous ruling, which had effectively stalled the mega retail deal, two sources familiar with the proceedings said.
  • Future is India's second-largest retailer with over 1,700 stores and agreed to sell its retail businesses to market leader Reliance last year.
Published 08 Feb, 2021 06:57pm
EU tells Hungary to change procurement, cites ‘systemic’ fraud
Europe

EU tells Hungary to change procurement, cites ‘systemic’ fraud

  • The European Commission is mandated with managing the 750-billion-euro scheme and has already told several EU states their proposals for spending their part of the funds must be improved.
  • Competition in public procurement is insufficient in practice," said the document, adding that that was linked to "systemic irregularities".
Published 08 Feb, 2021 05:38pm
Greece, Israel to sign agreement on tourism during PM's visit
Europe

Greece, Israel to sign agreement on tourism during PM's visit

  • Tourism, which accounts for about a fifth of the Greek economy and employs one in five workers.
  • If 70 percent of the population has been vaccinated by end March it will be easier to open up gradually to the Israelis who are interested in travelling to our country.
Published 08 Feb, 2021 05:22pm
EU to Hungary: change procurement to bar ‘systemic’ fraud from recovery stimulus
Europe

EU to Hungary: change procurement to bar ‘systemic’ fraud from recovery stimulus

  • The European Commission is mandated with managing the 750-billion-euro scheme and has already told several EU states their proposals for spending their part of the funds must be improved.
  • The document called specifically for improved data transparency and accessibility, arguing that that would lead to a fairer and more open procurement process.
Published 08 Feb, 2021 05:14pm
Final WTO talks under way on selecting new leader, delegates say
Europe

Final WTO talks under way on selecting new leader, delegates say

  • Washington backed Nigerian former finance minister Ngozi Okonjo-Iweala on Friday, reversing its previous opposition and prompting her to express optimism about her appointment.
  • "Ngozi will be announced at the next General Council," said a delegate. It was not clear when that council would be.
Published 08 Feb, 2021 05:00pm
Netanyahu pleads not guilty to corruption as trial resumes
Middle East

Netanyahu pleads not guilty to corruption as trial resumes

  • Israeli Prime Minister Benjamin Netanyahu pleaded not guilty on Monday to corruption charges at the resumption of his trial, six weeks before voters again head to the polls to pass judgment on his leadership.
  • Netanyahu was indicted in 2019 in long-running cases involving gifts from millionaire friends and for allegedly seeking regulatory favours for media tycoons in return for favourable coverage.
Published 08 Feb, 2021 04:12pm
New York Assembly resolution marks February 5th as "Kashmir American Day"
USA

New York Assembly resolution marks February 5th as "Kashmir American Day"

  • The New York State Assembly has passed a resolution, calling on Governor Andrew Cuomo to declare the 5th of February as the Kashmir American Day.
  • The Assembly's move has been met with the ire of Indian officials, citing their "concern" with regards to the attempts being made by "vested interests" to misrepresent Jammu and Kashmir's rich socio-cultural heritage.
Updated 08 Feb, 2021 04:11pm
Monks, nurses join nationwide protests against Myanmar coup
Asia

Monks, nurses join nationwide protests against Myanmar coup

  • Police turned water cannon on protesters in Myanmar’s capital on Monday as tens of thousands of people joined a third day of nationwide demonstrations against the military’s removal of elected leader Aung San Suu Kyi a week ago.
  • Calls to join protests and to back a campaign of civil disobedience have grown louder and more organised since last Monday’s coup, which drew widespread international condemnation.
Published 08 Feb, 2021 02:05pm
Biden administration moves to rejoin U.N. Human Rights Council
World

Biden administration moves to rejoin U.N. Human Rights Council

  • “We know that the Council has the potential to be an important forum for those fighting tyranny and injustice around the world. By being present at the table, we seek to reform it and ensure it can live up to that potential,” a senior State Department official said.
Published 08 Feb, 2021 12:06pm