Fire extinguished on oil tanker off Syria after suspected drone attack
Syria’s oil ministry said on Saturday that firefighting teams extinguished a fire on an oil tanker off the oil terminal of Baniyas after a suspected drone attack from the direction of Lebanese territorial waters, state media reported.
YouTube blocks access to Ukrainian TV channels tied to Kremlin ally, Ukraine govt says
Three Ukrainian television channels linked to an ally of Russian President Vladimir Putin were blocked from broadcasting on Google’s YouTube on Saturday, the Ukrainian government said, following its request to YouTube to have the channels taken down.
In historic move, Biden says 1915 massacres of Armenians constitute genocide
U.S. President Joe Biden on Saturday said the 1915 massacres of Armenians in the Ottoman Empire constituted genocide, a historic declaration that infuriated Turkey and is set to further strain frayed ties between the two NATO allies.
Brazil’s Bolsonaro says military would follow his orders to take the streets
Brazilian President Jair Bolsonaro said on Friday that if he were to order the military to take the streets and restore order, “the order will be followed,” raising fresh questions about his politicization of the armed forces. Speaking during a TV interview, Bolsonaro said he would not “go into details into what I’m preparing.” But […]
Southeast Asian leaders discuss Myanmar crisis with junta chief
Southeast Asian leaders began a crisis meeting on Myanmar on Saturday aiming to persuade Senior General Min Aung Hlaing, who led the military takeover that sparked turmoil in his country, to forge a path to end the violence. The gathering of leaders of the Association of Southeast Asian Nations (ASEAN) in Jakarta is the first […]
India’s daily coronavirus cases climb to new world record as hospitals buckle
India’s coronavirus infections rose by 346,786 overnight, the health ministry said on Saturday, setting a new world record for the third consecutive day, as overwhelmed hospitals in the densely-populated country begged for oxygen supplies. India is in the grip of a rampaging second wave of the pandemic, hitting a rate of one COVID-19 death in […]
Reshaping European economic integration in the post-Covid world
Most of the discussion on the economic policy response to the pandemic in Europe has centred on its ambition, tools, and institutional characteristics. Less discussion has taken place on the factors shaping EU integration and economic policy priorities after the pandemic. In a new CEPR Policy Insight, the authors argue that four sets of issues will be important in shaping the legacy of the pandemic for European integration: redefining the new boundaries between state and market; revisiting the nature of subsidiarity; reconnecting the EU domestic with the global agenda; and learning to respond to longer term structural shifts.
Netflix’s Reed Hastings exercised $612 mln from stock options in 2020
Netflix Inc (NFLX.O) co-Chief Executive Officer Reed Hastings realized $612.13 million from exercising his stock options in 2020, a year of bumper subscription growth for the video-streaming giant. The company, which crossed 200 million subscribers last year as people sought entertainment from home during the COVID-19-imposed lockdowns, saw its shares rise more than 67% in 2020. Hastings […]
Italy’s 5-Star splits with web platform as it heads towards mainstream
Italy’s 5-Star Movement on Friday parted company with its co-founders at the firm that provides its internet platform as new leadership transforms a protest party committed to web-based direct democracy into a more mainstream, centre-left group. 5-Star has been in government since its triumph at 2018 elections and is the largest party in parliament, but […]
U.S. lawmaker introduces bill to restore FTC ability to get money back from scammers
Representative Tony Cardenas, along with other Democrats, has introduced a bill that would restore the Federal Trade Commission’s ability to force scam artists and deceptive companies to return ill-gotten gains.
