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close Video President Nicolas Maduro blames US, Juan Guaido for Venezuela power outage Citigroup Inc. plans to sell several tons of Venezuelan gold it received as collateral from the Maduro regime to settle the country’s $1.6 billion loan after the deadline to repurchase the precious metal expired earlier this month, reports said Wednesday. Venezuela was due to repay $1.1 billion of the loan March 11, according to the terms of the 2015 deal with Citigroup’s Citibank, four sources familiar with the matter told Reuters. The remainder of the loan is due next year. US REVOKES VISAS OF 49 MADURO-ALIGNED OFFICIALS IN VENEZUELA Citibank now plans to sell the gold, valued at roughly $1.358 billion, to recover the first tranche of the loan, two of the sources told the outlet. The excess $258 million from the sale will be deposited into a U.S. bank account in New York. Video The development marks another financial blow to President Nicolas … [Read more...] about Citigroup to sell more than $1B in Venezuelan gold in blow to Maduro regime, reports say

European Competition Commissioner Margrethe Vestager speaks during a media conference at EU headquarters in Brussels, Wednesday, March 20, 2019. European Union regulators have hit Google with a 1.49 billion euro ($1.68 billion) fine for abusing its dominant role in online advertising. (AP Photo/Francisco Seco) COPENHAGEN, Denmark – The EU's competition commissioner says she is one of seven candidates from the European Parliament's liberal, pro-business ALDE faction running for top posts within the European Union this year. Margrethe Vestager, whose term ends in October, told Denmark's Politiken newspaper on Thursday that she was "part of the team." She did not name the other ALDE candidates. A former Danish deputy prime minister and economy minister, Vestager has since 2014 been the EU's competition chief, making headlines by repeatedly slapping major tech companies — most recently Google — with big penalties and fines. The top posts up for election in May include … [Read more...] about EU commissioner Vestager running for bloc’s top posts

next Image 1 of 2 Flood waters dominate the landscape following cyclone force winds and heavy rain near the coastal city of Beira, Mozambique, Wednesday March 20, 2019. Torrential rains were expected to continue into Thursday and floodwaters were still rising, according to aid groups trying to get food, water and clothing to desperate survivors. It will be days before Mozambique's inundated plains drain toward the Indian Ocean and even longer before the full scale of the devastation is known. (Josh Estey/CARE via AP) prev Image 2 of 2 Personnel carry a body from a military helicopter in Chimanimani, about 600 km south east of Harare, Zimbabwe, Wednesday, March, 20, 2019. Zimbabwean President Emmerson Mnangagwa visited a part of Chimanimnani affected by cyclone Idai and promised assistance in the form of food and rebuilding of homes. Hundreds are dead, many more missing and thousands at risk from massive flooding in Mozambique, Malawi and Zimbabwe caused by Cyclone … [Read more...] about Floods, destruction from cyclone continue in Mozambique

Sections SEARCH Skip to content Skip to site index Asia Pacific Subscribe Log In Log In Today’s Paper Asia Pacific | New Zealand Police Listed Wrong Person as Killed in Mosque Shooting Advertisement Supported by ByDamien Cave March 21, 2019 CHRISTCHURCH, New Zealand — The suspected gunman in last week’s attack on two mosques in Christchurch, New Zealand, was charged with murder for the death of one victim — but the police announced on Thursday that that supposed victim was in fact alive. A police spokesman said that the charge sheet would be corrected, with a new name, and legal experts said the mistake would not impede prosecution in the mass shooting that left 50 people dead. “In our system there is a provision to amend the charge at any time, and the issue is whether the amendment is in the interest of justice,” said Jonathan Eaton, a lawyer and former prosecutor … [Read more...] about New Zealand Police Listed Wrong Person as Killed in Mosque Shooting

Sections SEARCH Skip to content Skip to site index Asia Pacific Subscribe Log In Log In Today’s Paper Asia Pacific | New Zealand to Ban Military-Style Semiautomatic Guns, Jacinda Ardern Says Advertisement Supported by ByDamien Cave and Charlotte Graham-McLay March 20, 2019 CHRISTCHURCH, New Zealand — Prime Minister Jacinda Ardern on Thursday announced a national ban on all military-style semiautomatic weapons, all high-capacity ammunition magazines and all parts that allow weapons to be modified into the kinds of guns used to kill 50 people at two mosques in Christchurch, New Zealand, last week. “What we’re banning today are the things used in last Friday’s attack,” she said, adding: “It’s about all of us, it’s in the national interest and it’s about safety.” Ms. Ardern is expected to encounter little resistance in Parliament to the weapons ban. … [Read more...] about New Zealand to Ban Military-Style Semiautomatic Guns, Jacinda Ardern Says