Category: Foreign

  • UK to ban TikTok on govt. phones

    UK to ban TikTok on govt. phones

    Britain said on Thursday it would ban TikTok on government phones with immediate

    effect, a move to follow other Western countries who have barred the Chinese-owned video app over security concerns.

    TikTok has come under increasing scrutiny due to fears that user data from the app owned by Beijing-based company ByteDance

    could end up in the hands of the Chinese government, undermining Western security interests.

    Britain’s National Cyber Security Centre has been reviewing whether TikTok should be barred from government phones, while

    the United States, Canada, Belgium and the European Commission have already banned the app.

    Cabinet Office minister Oliver Dowden told parliament that government devices would only be able to access third-party apps

    from a pre-approved list.

    “We are also going to ban the use of TikTok on government devices, we will do so with immediate effect,” he said.

    The ban does not include personal devices and there would be limited exemptions where TikTok is required on government

    devices for operational reasons, Dowden added.

    “This is a proportionate move based on specific risk with government devices.”

    Earlier, when the prospect of such a ban was reported, TikTok said it would be disappointed by such a ban.

    (Reuters/NAN)(www.nannews.ng)

  • China reopens borders to all travellers

    China reopens borders to all travellers

    China on Tuesday announced the full reopening of its borders after three years of strict anti-Coronavirus measures.

    The Foreign Ministry which made the announcement in Beijing, said “all types of visas for foreigners will be issued again” as of Wednesday.

    Read Also: China plans 7.2% rise in defence spending

    China reopened its borders at the beginning of January primarily for business travellers and family visits.

    Now tourists can also travel regularly to the country again, while visa-free entry to some regions is also restored.

    Long-term visas issued before the border closure on March 28, 2020, can also be used again, according to the statement.

    (dpa/NAN)

  • Former Malaysian PM hit with additional money laundering charge

    Former Malaysian PM hit with additional money laundering charge

    Former Malaysian Prime Minister Muhyiddin Yassin has been hit with a fresh money laundering charge yesterday, bringing the total charges he is facing to seven.

    Muhyiddin was alleged to have received 5 million ringgit (1.11 million U.S. dollars) from illegal proceeds from an investment company into his party’s account, prosecutors said.

    The 75-year-old pleaded not guilty to all charges.

    Sessions Court judge, Rozilah Salleh allowed the previous 2-million-ringgit bail, which Muhyiddin had paid for his previous charges in Kuala Lumpur to be used as bail for the latest charge.

    Earlier on March 10, Muhyiddin claimed trial to six charges in the Sessions Court in Kuala Lumpur, namely four corruption charges and two money laundering charges involving several hundred million ringgit.

    Muhyiddin, who served as Malaysia’s prime minister for 17 months between March 2020 and August 2021, is chairman of the Perikatan Nasional (PN) coalition.

  • U.S. banking system safe after Silicon Valley Bank collapse, says Biden

    U.S. banking system safe after Silicon Valley Bank collapse, says Biden

    President Joe Biden yesterday sought to reassure jittery Americans that they can have confidence that the United States (U.S.) banking system is “safe” and vowed stricter bank regulation after a string of bank failures raised concerns about the nation’s financial stability.

    The president’s early morning comments came after U.S. bank regulators spent the weekend working on a plan to shore up the public’s confidence in the soundness of the financial system and limit spillover effects following the closing of the Silicon Valley Bank last week.

    “Americans can rest assured that our banking system is safe. Your deposits are safe,” Biden said from the Roosevelt Room of the White House.

    Taxpayers will not bear any losses from the move, which will be funded by fees regulators charge to banks, he said. The banks’ leaders will be fired, he added.

    Biden, in his address, allayed fears, directly explaining what he has instructed his administration to do to protect small businesses and workers in the wake of regulator shutdowns of both Silicon Valley Bank and Signature Bank over the last few days. The California-based Silicon Valley Bank (SVB), the 16th largest bank in the United States, was closed on Friday by the California Department of Financial Protection and Innovation, which later appointed the Federal Deposit Insurance Corporation (FDIC) as its receiver.

    It was the largest failure of a U.S. bank since the financial crisis in 2008.

    It came after SVB was scrambling to raise money to plug a loss from the sale of assets affected by higher interest rates. Word of the troubles led customers to race to withdraw funds leading to a cash crisis.

    Authorities on Sunday also said they had taken over Signature Bank of New York, which was seen as the institution most vulnerable to a similar bank run after SVB.

    “Every American should feel confident that their deposits will be there if and when they need them,” President Biden said. “Let me also assure you. We will not stop at this. We’ll do whatever is needed.” Investors in the banks, however, will not be protected, the president said, and management will be fired.

    “They knowingly took a risk, and when the risk didn’t pay off, investors lost their money. That’s how capitalism works,” Biden said.

    Customers will “have access to their money as of today. That includes small businesses across the country that bank there and need to make payroll, pay their bills and stay open for business,” Biden said, adding that no losses will be suffered by the taxpayers.

    “Instead, the money will come from the fees that banks pay into the deposit insurance fund,” he explained.

    The FDIC’s Deposit Insurance Fund (DIF) is used to help pay for operating costs as well as to resolve failed banks. It’s funded by quarterly fees collected from FDIC-insured banks as well as interest earned from its investments in Treasury securities.

    As of December 31, 2022, the DIF’s fund balance was USD 128.2 billion, according to the FDIC. Under requirements put in place by the Dodd-Frank Act, the FDIC has to have enough in the DIF coffers to cover 1.35 per cent of insured deposits, CNN reported.

    The president also said there must be a “full accounting” of how this situation happened and steps must be taken to ensure this “never happens again.” “In my administration … no one is above the law,” Biden said, before calling on Congress to restore banking regulations rolled back during the Trump administration.

    Biden administration officials announced Sunday that depositors with accounts at Silicon Valley Bank will have access to all of their money beginning yesterday, and “no losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.” The emergency action “fully protects” all depositors, Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said.

    Biden on Sunday too assured the American people and businesses that a resolution of the collapse of the Silicon Valley Bank will not put taxpayer’s money at risk.

    He said that at his direction the Treasury Secretary and National Economic Council Director worked diligently with the banking regulators to address problems at SVB and Signature Bank.

  • Harris to visit Ghana, Tanzania, Zambia to strengthen U.S. partnerships

    Harris to visit Ghana, Tanzania, Zambia to strengthen U.S. partnerships

    Vice President Kamala Harris and Second Gentleman Douglas Emhoff will leave the United States in late March to visit Accra, Ghana; Dar es Salaam, Tanzania; and Lusaka, Zambia.

    The recent U.S.-Africa Leaders Forum, which President Joe Biden convened in Washington in December 2022, will serve as a foundation for the vice president’s visit, ending on April 2.

    “The trip will strengthen the United States’ partnerships throughout Africa and advance our shared efforts on security and economic prosperity,” according to The White House’s announcement.

    During the course of the trip, the vice president will work in collaboration with African governments and the private sector to advance efforts to “expand access to the digital economy, support climate adaptation and resilience, and strengthen business ties and investment, including through innovation, entrepreneurship, and the economic empowerment of women,” according to the White House.

    These goals will be pursued in an effort to expand economic opportunity across Africa.

    The vice president will meet with President Nana Akufo-Addo of Ghana, President Samia Hassan of Tanzania, and President Hakainde Hichilema of Zambia to discuss regional and global priorities.

    Some of the topics that will be brought up during these meetings include the nations’ shared commitment to democracy, inclusive and sustainable economic growth, food security, and the effects of Russia’s war with Ukraine, amongst other things.

    The vice president will work to enhance people-to-people relations and interact with civil society, especially young business leaders, members of the African Diaspora, and corporate representatives and entrepreneurs.

    During his Dec. 14 speech at the United States of Africa Business Conference in Washington, Biden detailed a series of initiatives that would be taken to improve the United States relations with the continent that will likely cost billions of dollars, as The Epoch Times previously reported.

    The three-day summit in the U.S. Capitol began on Dec. 13. It was the first time a gathering of this kind has taken place in America since 2014 when it was held during the administration of former President Barack Obama.

    “The United States is all in on Africa’s future,” Biden said during his speech. “And the work we’ve done over the past two years—building on decades of vital investments made under previous American presidents—has helped make possible the critical steps that I’m about to announce.”

    Delegates from 49 countries and the African Union attended the summit, as well as 45 national leaders from various African nations.

  • UN seeks extension of deal with Russia, Ukraine allowing food, fertiliser export

    UN seeks extension of deal with Russia, Ukraine allowing food, fertiliser export

    Senior United Nations officials hosted Russian envoys in Geneva yesterday in a bid to extend an export agreement amid Moscow’s invasion of Ukraine and prevent a potential new spike in world food prices.

    The United Nations and Turkey brokered a deal between the two warring countries in July that allows Ukraine — one of the world’s key breadbaskets — to ship food and fertiliser from three of its Black Sea ports.

    The 120-day agreement, which helped take some of the sting out of rising global food prices, was renewed last November. That extension expires on Saturday.

    Moscow has been frustrated that a parallel deal to allow exports of Russian food and fertiliser, which is used across the globe, has only resulted in a trickle of Russian fertiliser getting out and no Russian grain at all.

    As part of the arrangement, Moscow wants Russian ammonia to be fed through a pipeline across Ukraine to reach Black Sea ports for possible export. Russian officials also say banking restrictions and high insurance costs have hurt their hopes of exporting fertiliser.

    Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development, and Martin Griffiths, the head of the UN humanitarian agency, were hosting a team led by Russian Deputy Foreign Minister Sergey Vershinin at UN offices in Geneva.

    None of the officials involved spoke to reporters as they arrived for the talks.

    A lot is at stake: Ukraine and Russia are key global suppliers of wheat, barley, sunflower oil and other food to countries in Africa, the Middle East and parts of Asia, where millions of people don’t have enough to eat. Russia was also the world’s top exporter of fertiliser before the war.

    The loss of those supplies, after Russia launched its full-scale invasion in February 2022, drove global food prices higher and fueled concerns of a hunger crisis in poorer countries.

    The so-called Black Sea Grain Initiative involves seaborne checks of cargo by UN, Russian, Ukrainian and Turkish officials to ensure that only foodstuffs — not weapons — are being transported.

    The amount of grain leaving Ukraine has dropped even as the deal works to keep food flowing. Inspections of ships under the grain initiative have fallen sharply since they got rolling in earnest in September, and vessels have been backed up.

    Western critics accuse Russia of dragging its heels on inspections. Moscow denies that.

    Though the grain deal helped stabilize global food prices, there are still concerns about the impact on prices of possible trade restrictions and weather, especially heat waves, said Michael Puma, director of Columbia University’s Center for Climate Systems Research whose research focuses on global food security.

    “Big picture, we’re pretty fortunate that the weather conditions have allowed … high levels of production across many of the grains,” he said.

    On the front lines in Ukraine, the eastern city of Bakhmut remained the site of fierce fighting, with Ukrainian forces denying Russian forces the prize of its capture after six months of attrition.

    Yevgeny Prigozhin, a Russian millionaire with ties to President Vladimir Putin, who owns the Wagner private military company, has repeatedly claimed that only the Wagner fighters, not the regular army, are involved in battles for Bakhmut. His claims could not be independently verified.

    “The situation around Bakhmut remains difficult,” said Col. Gen. Oleksandr Syrskyi, the Ukrainian Commander of Ground Forces. “Wagner’s assault units are advancing from several directions, trying to break through the defences of our troops and advance to the central districts of the city.”

    Ukraine’s presidential office said that at least two civilians were killed and 11 wounded in the country over the previous 24 hours.

    The two people were killed in the southern Mykolaiv region yesterday morning, when the Russian forces shelled the village of Kutsurub. Three more people, including a seven-year-old child, were wounded there.

    Also in the south, one person was wounded in the city of Kherson after the Russians shelled the city’s residential areas.

    Another seven people were wounded in the eastern Donetsk region, including four in the embattled city of Bakhmut, according to Donetsk Gov. Pavlo Kyrylneko.

    In the neighbouring Luhansk region, the Russian forces have resumed attacks on Belovorivka and Kreminna, Luhansk Gov. Serhii Haidai said, calling the situation there “extremely difficult”.

  • Highlights from Premier Li’s news conference

    Highlights from Premier Li’s news conference

    Chinese Premier Li Qiang meets the press after the closing of the first session of the 14th National People’s Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 13, 2023.

    Vice premiers Ding Xuexiang, He Lifeng, Zhang Guoqing and Liu Guozhong attended the press conference.

    Premier Li Qiang meets reporters at home and abroad at a news conference on Monday at the end of the annual meeting of the National People’s Congress.

    Here are the highlights:

    On new government’s focus

    • People’s aspirations for a better life is the ultimate goal
    • China to focus on promoting high-quality development
    • China to continue to deepen reform, opening up

    On economy

    • Reaching 2023 GDP growth target requires redoubled efforts
    • Fully confident in China’s economic outlook
    • Institutional strength is an advantage for China’s economic development

    On Hong Kong & Macao

    • The Central Government will fully implement the policy of One Country, Two Systems

    On private sector

    • China will continue to support private enterprises according to market-based, law-based standards
    • China’s private enterprises to enjoy better environment, broader space for development

    On employment

    • China will continue to pursue an employment-first strategy and increase government support to boost employment
    • Rich supply of human resources remains China’s notable strength

    On COVID-19

    • China’s COVID-19 response completely right, highly effective
    • We have adjusted and improved our COVID response measures, medical services will be strengthened

    On Taiwan

    • Chinese on both sides of the Taiwan Straits are members of one family
    • Early restoration of normal exchanges across Straits requires joint efforts

    On rural vitalization, food security

    • The country’s rural vitalization drive will focus on the ecological, social and cultural aspects of the countryside apart from promoting economic growth
    • China’s food security well guaranteed

    On opening-up and China-US ties

    • Opening-up is a basic State policy for China, and no matter how the external situation may evolve, the country will stay firmly committed to pursuing the policy
    • China-US consensus needs to be translated into policies, actions
    • China, US can, must cooperate

    On governance

    • Premier spells out four key tasks to strengthen governance
  • Pavel sworn in as president of Czech Republic

    Pavel sworn in as president of Czech Republic

    The Czech Republic has a new president as the newly elected Petr Pavel was sworn in as head of state yesterday.

    The former NATO general took the oath of office before a joint session of both chambers of parliament in the Vladislav Hall of Prague Castle.

    Pavel was chosen as the Czech Republic’s next president in a run-off election at the end of January.

     The 61-year-old handily defeated the populist former prime minister Andrej Babiš with 58.3 per cent of the vote.

    The political newcomer succeeds Miloš Zeman, 78, who advocated rapprochement with China and Russia and was not able to run again after two five-year terms.

    The office of president is largely ceremonial and holds only limited powers in the Czech Republic.

    The holder represents the country on formal occasions as its head of state, but can also serve as an influential opinion leader.

    The president officially appoints the government and is the supreme commander of the armed forces.

    The Czech president also has the power to refer laws back to parliament once.

    Pavel was the first general from an eastern member state to chair the NATO military committee from 2015 to 2018.

    During the election campaign, he promised to return “peace and order’’ to the Czech Republic.

    The Russian war against Ukraine was the dominant topic in his campaign.

  • Envoy seeks ways to boost Nigeria-Bangladesh trade relations

    Envoy seeks ways to boost Nigeria-Bangladesh trade relations

    The High Commissioner of Bangladesh to Nigeria, Mr Masudur Rahman, is seeking comprehensive ways to boost volume of trade between Nigeria and Bangladesh, currently standing at about $70 million.

     Rahman made the call on Thursday in Abuja in an interview with the News Agency of Nigeria (NAN).

    He said the $70 million trade volume had prospects of increasing if the two nations could tap into other areas of mutual interest.

     “The bilateral trade between  Nigeria and Bangladesh currently stands at a modest $70 million dollars, with Bangladesh only contributing $20 million as exports to Nigeria.

     “Previously the bilateral trade was even much insignificant but it is picking up.

     “So we are working on all fronts to deepen the bilateral cooperation in the areas of education, technical training exchanges, pharmaceuticals, ICT, software, textile/garments, and so on,” he said.

     The envoy said that Bangladesh was willing to deepen trade with Nigeria in the oi and gas sector as well as the agricultural sector with products like cotton, soya beans, ginger, millet, etc.

     He, however, stressed the need to smoothen all bottlenecks associated with international trade and banking, especially in Nigeria, so as to have seamless trade and investment.

     “There are lots of challenges in deepening the trade and investment, particularly in the way the banking sector could work to enhance trading.”

     “In order to improve international trade, it is important for both countries to smoothen the transactions which are used through Letters of Credit opening and other banking tools.

    “We also need to work on the areas of smooth handling,” he added.

    The high commissioner said that Bangladesh was looking forward to engaging more with Nigeria in areas like textile/garments, pharmaceuticals and software which Bangladesh was exporting to Nigeria to the tune of $1.4 billion.

    Rahman recalled that Prof. Isa Pantami, Minister of Communications and Digital Economy had in January led a 17-member delegation to Bangladesh to deepen bilateral cooperation between both countries.

    He, advocated more engagements as being facilitated by the Nigeria-Bangladesh Business and Technology Forum.

    He said the high commission would continue to work with relevant stakeholders to strengthen the cordial bilateral relations between Nigeria and Bangladesh.

  • Find home-grown solutions to climate financing, Buhari advises LDCs

    Find home-grown solutions to climate financing, Buhari advises LDCs

    President Muhammadu Buhari has admonished the Least Development Countries (LDCs) to take a cue from Nigeria in dealing with challenges of financing the solutions to climate and environmental crises around them.

    President Buhari spoke at a roundtable on addressing climate change and supporting the environment at the UN Conference on LDCs in Doha, Qatar, on Tuesday.

    The President cited the Nigerian model at the meeting, speaking on how the government had issued two Sovereign Green Bonds that raised over N30 billion for the purpose of financing sustainable environmental projects.

    According to a statement by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, President Buhari urged the world’s most vulnerable countries to initiate and adopt effective homegrown resource mobilisation, supported by a well-developed action plan.

    ‘‘Domestic resource mobilisation is likely to break the yoke of difficulties in accessing funds from developed countries’ financial institutions, like Nigeria’s issuance of two Sovereign Green Bonds that raised over N30 billion.

    ‘‘LDCs and Developing Countries must take a serious stand on the Cummings-Montreal resolutions on a new funding mechanism that is flexible, accessible and utilisable,’’ he said.

    President Buhari, who was represented by the Minister of Environment, Mohammed Abdullahi, pledged that Nigeria would use its position as host of the headquarters of the Sahel Climate Fund to ensure that members access climate finance at fairer and reasonable conditions.

    Further, he used the occasion to apprise the international community on Nigeria’s priorities on climate change.

    The President told the meeting that the country had passed a novel Climate Change Act, essentially focusing on the whole of Government approach jointly with the private sector.

    According to him, the Act established the National Council on Climate change, among others, to mainstream climate change actions in Nigeria’s economic development and ensure sustainable inclusive green growth.

    ‘‘Nigeria is providing leadership to the Pan African Great Green Wall that is focused on land remediation, wetlands and oases recovery, as well as developing a community resilience programme to support the Sahel region towards adaptation and mitigation of these climatic vulnerabilities.

    ‘‘Furthermore, the country just recently, as a member of the Sahel Region Climate Commission, volunteered and was granted the rights to host the headquarters of the Sahel Climate Fund.”