Wall Street ended sharply higher on Tuesday, rebounding from a multiday losing streak as a string of upbeat earnings reports and revived economic optimism fuelled a risk-on rally. The Dow Jones Industrial Average rose 549.95 points, or 1.62 percent, to close at 34,511.99; the SP […]
Day: July 20, 2021
Turkey says deserted Cyprus town to reopen amid Greek objections
Authorities in the self-declared Turkish Republic of Northern Cyprus announced on Tuesday a partial reopening of an abandoned town for potential resettlement, drawing a strong rebuke from Greek Cypriot and international leaders. Varosha, an eerie collection of derelict high-rise hotels and residences, has been deserted […]
Canada’s BC declares state of emergency as wildfires surge
The Canadian province of British Columbia (BC) has declared a state of emergency amid a surge in wildfires that have forced hundreds of people from their homes and could worsen in the coming days. According to a provincial wildfire tracker, 299 blazes were actively burning […]
Colombia presents new tax reform to Congress amid more protests
Colombia’s government formally presented a $3.95bn tax reform bill to Congress on Tuesday, as unions and student groups sought to revive the street protests that helped scupper the reform’s original iteration. The law would raise significantly less than the $6.3bn package that was sought by […]
In divided Peru, Castillo says looking to form pluralistic gov’t
Peru’s President-elect Pedro Castillo has said he would be looking to form a pluralistic government, in his first remarks to reporters after his election victory was confirmed in the deeply divided South American nation. The leftist teachers’ union leader said on Tuesday that he plans […]
Tunisia health minister sacked as COVID-19 cases surge
Tunisia’s Prime Minister Hichem Mechichi has sacked Health Minister Faouzi Mehdi amid spiralling coronavirus cases in the North African country. The ministry said earlier this month that Tunisia’s health system had “collapsed” under the weight of the pandemic, which has caused more than 17,000 deaths […]
In grips of political crisis, Haiti appoints new prime minister
Haiti has appointed a new prime minister, less than two weeks after President Jovenel Moise’s assassination threw the deeply divided Caribbean nation into greater political uncertainty. Ariel Henry was sworn in during a ceremony in the capital Port-au-Prince on Tuesday, the same day that official […]
How will China face hacking accusations?
From: Inside Story The US and a number of its Western allies blame China for an alleged cyberattack. Article source: https://www.aljazeera.com/program/inside-story/2021/7/20/how-will-china-face-hacking-accusations
US, Germany warn Russia in draft Nord Stream 2 accord
The U.S. and Germany are close to a deal on the Nord Stream 2 pipeline that would threaten sanctions and other retaliation if Russia tries to use energy as a weapon against Ukraine, according to a draft text obtained by Bloomberg News. Under the agreement, […]
US charges Trump ally with undisclosed lobbying for UAE
Tom Barrack, a billionaire ally of Donald Trump who chaired the former president’s inaugural committee in 2016, has been arrested on foreign lobbying charges, the US Department of Justice (DOJ) said on Tuesday. Barrack, 74, was charged in a federal court in New York with […]