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AMERICA

Latin American economy to lose steam this year: UN

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Latin American

MEXICO CITY: Economic growth in Latin America and the Caribbean will slow sharply this year amid uncertainty caused by the coronavirus pandemic, low investment and inflationary pressures, a UN body said Wednesday. The region’s gross domestic product (GDP) will grow by 2.1 per cent in 2022, compared with 6.2 per cent in 2021, the UN Economic … Read more

USA v Ireland one-day cricket series cancelled

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USA

MIAMI: The USA v Ireland one day international cricket series scheduled for this week has been cancelled over Covid-related concerns, USA Cricket said Tuesday. The federation had already cancelled one of the three scheduled matches, but had hoped to play the remaining two on Wednesday and Thursday. “While all players in both current playing squads have returned negative Covid … Read more

Pakistan eyes greater Central Asian trade benefits 

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Pakistan

The emerging regional trade outlook after the US withdrawal from Afghanistan has led to an active engagement between Pakistan and Central Asian Republics. The US defeat in Afghanistan also eliminated the Indian influence in the neighbouring country, which sits at the crossroads to South and Central Asia. Capitalising on this, Pakistan is intensifying trade with … Read more

Latin America’s largest crypto exchange launches venture capital unit

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crypto

RIYADH: Softbank-funded 2TM, owner of the largest cryptocurrency exchange in Latin America, has launched a venture capital unit focusing on blockchain companies around the world, Arab News reported. Brazil-based 2TM, valued at roughly $2.2 billion after the latest $50 million fund-raise, is the holding company of Mercado Bitcoin, with 3.2 million customers as of October 2021. During … Read more

Worker victories over gig economy giants

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economy

PARIS: A growing number of countries are taking on gig economy giants like Uber, Bolt and Deliveroo by giving their workers, who are routinely treated as freelancers, full employment rights. With the European Union executive tabling new proposals on Thursday to clear up the grey area, here is a snapshot of recent decisions shaking up the … Read more

Bitcoin down more than 5% in 24 hours, Ethereum loses $4,000 levels

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Bitcoin

RIYADH: The cryptocurrency market is witnessing sharp declines in the past few hours, CNBC Arabia reported. Bitcoin, the world’s largest cryptocurrency, fell by more than 5 per cent in the past 24 hours to trade near levels of $57,000, its lowest level since Oct. 13. The Ethereum currency also fell by about 7 per cent during the … Read more

Battle for abortion rights hits America’s streets

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WASHINGTON: The abortion rights battle takes to the streets across America on Saturday, with hundreds of demonstrations planned as part of a new “Women’s March” aimed at countering an unprecedented conservative offensive to restrict the termination of pregnancies. The fight has become even more intense since Texas adopted a law on September 1 banning almost … Read more

US policy on China has caused ‘serious difficulties, Xi Jinping tells Biden

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US policy on China has caused 'serious difficulties, Xi Jinping tells Biden

BEIJING: Chinese President Xi Jinping told his American counterpart, Joe Biden, that US policies towards Beijing have caused “serious difficulties” and that putting ties back on track was critical “to the destiny of the world”, state media reported Friday. “Whether China and the US can properly handle their relations… is critical for the future and … Read more

COVID-19 medical bills are set to rise in America

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America

With the expiration of insurers’ temporary waivers on costs connected with treating COVID-19, the care of COVID-19 is likely to get more expensive in America. Patients didn’t have their usual co-payments or deductibles for COVID-19 emergency department visits or hospital stays earlier in the outbreak of COVID-19, and most tests were also free. As the pandemic … Read more

Portugal permits entry to American tourists

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Portugal

Despite the Council of the European Union’s recommendations, American tourists are still allowed to enter Portugal for non-essential purposes such as tourism. After estimating that the US has lately recorded a large number of COVID-19 infections, the EU Council asked its 27 Member States to apply stricter entry conditions for travelers from the US, including … Read more

To encourage vaccinations, more US firms turn to incentives

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In the wake of full US approval for the Pfizer/BioNTech anti-Covid vaccine this week, more and more American companies are looking at mandatory vaccinations for employees and customers. CVS Health, Chevron, Disney and Goldman Sachs are among the firms who have since told some or all of their workers that inoculations will no longer be … Read more

US Fed terminates action against HBL

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KARACHI: The US Federal Reserve has formally terminated all enforcement action against the Habib Bank Limited (HBL) and its New York branch, sources said on Tuesday. HBL, one of the top banks in Pakistan, in a report disclosed: “The Federal Reserve in September last year formally announced the termination of all Federal Reserve enforcement actions … Read more

US agrees to end combat mission in Iraq 

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withdrewal

BADHDAD: US President Joe Biden and Iraqi Prime Minister Mustafa al—Kadhimi sealed an agreement formally ending the US combat mission in Iraq by the end of 2021, more than 18 years after US troops were sent to the country. Coupled with Biden’s withdrawal of the last American forces in Afghanistan by the end of August, the Democratic president is completing … Read more

Pentagon chief heads to SE Asia with China main focus 

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US

US Defense Secretary Lloyd Austin will become the first member of President Joe Biden’s cabinet to visit Southeast Asia this week, seeking to emphasise the importance Washington places on fortifying ties in the region while pushing back against China, agencies quoted as saying on Monday. The United States has put countering China at the heart … Read more

Bank of America jumped into the Bitcoin trend

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Bank of America

Bitcoin futures trading is now available for a limited set of Bank of America clients, according to sources.

According to the reports, the financial institution is yet to make this service available to all of its customers.

Jerome Powell, the chairman of the Federal Reserve, spoke out about the importance of cryptocurrency and stablecoins in the US economy.

Investment banks intend to allow customers to invest in bitcoin products. After a three-year break, Goldman Sachs has confirmed the return of its crypto trading department.

The investment banking powerhouse had already offered cryptocurrency trading in partnership with the CME Group, and Bank of America is set to do so again for its clients.

Bitcoin trading began in 2017 at the CME Group. Since then, the platform has seen an improvement in investment and involvement.

Other banks and investment banks that sell crypto products to clients across the US are likely to follow Bank of America’s lead.

It’s interesting to note that in 2018, the American multinational investment bank banned its clients from trading in crypto-related goods, however, it has changed its stance since then.

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Ibrahim Raisi Backs Nuclear Talks, Rules Out Meeting Biden

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Ibrahim Raisi Backs Nuclear Talks, Rules Out Meeting Biden

Ibrahim Raisi, President of Iran, supported the talks between Iran and six world powers to revive a 2015 nuclear project. However, he rejected meeting Joe Biden despite Washington removed all sanctions. After winning the presidential elections, in his first meeting, Ibrahim Raisi said that his first priority would be to strengthen the relations with Gulf … Read more

Covid-19 Vaccine: Novavax says its vaccine 100% effective

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Covid-19 Vaccine

Novavax, the American biotechnology company, announced that its Covid-19 vaccine is 100% effective in preventing the disease.

The vaccine has an overall efficacy of 90.4%.

The company’s phase three trials for their Covid-19 vaccine involved 29,960 adults across 113 sites in the United States and six sites in Mexico provided the encouraging results.

Of those who received a vaccine in the trial, only 14 cases of coronavirus were detected and Novavax has said that all of the cases resulted in a mild illness.

US health officials have given one dose of a coronavirus vaccine to 53% of the total population and of those who have fully vaccinated 43.4% of Americans, according to the Centers for Control Disease and Prevention (CDC).

In total, since January, 309 million doses have been administered across the States.

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Joe Biden announces plan to distribute 25 million vaccines globally

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Joe Biden coronavirus vaccine

President Joe Biden on Thursday laid out a plan for the US to distribute 25 million surplus coronavirus vaccines globally and stated the country might raise a few regulations to permit different international locations to buy US-made components for vaccine manufacturing more easily. President Joe Biden stated the US might share the vaccines without expectation … Read more

US CDC says, ‘Masks not mandatory for fully vaccinated people’

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US CDC says, ‘Masks not mandatory for fully vaccinated people’

The Authorities in the United States (US) announced that fully vaccinated people do not need to wear masks. According to the media reports, the U.S. Centers for Disease Control and Prevention (CDC) said that fully vaccinated people can avoid wearing masks both for indoors and outdoors. In its latest guidelines, the CDC said fully vaccinated … Read more

“Presence in Afghanistan to remain after US, NATO withdrawal”, says UN

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un

The United Nations (UN) said it will remain in Afghanistan to continue its political and humanitarian mission after the departure of the United States and NATO. Stephane Dujarric spokesman to the UN secretary-general said in his statement, It was “clear and obvious” that the troops’ departure “will have an impact on the country as a … Read more

Right-Wing Extremists Intend To Blow Up Capitol Hill, Police Chief Warns

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Right-Wing Extremists Intend To Blow Up Capitol Hill, Police Chief Warns

The head of security at Capitol Hill said that the current security situation needs to be maintained as extremists continue to pose a threat. The deputy police chief in charge of security at Capitol Hill in Washington says that because of the dangers posed by right-wing extremists, additional security measures need to be put in … Read more

‘If Trump Is Not Convicted He Can Do This Again’ Democrats Warns

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Trump asks court to get him back on Twitter

Democrats said that former President Donald Trump could incite violence again if he is not convicted for what he did. In a US Senate hearing this week against Donald Trump, members sought to hold the former president responsible for the January 6 violence. Democrats presented CCTV footage and other evidence showing that President Trump had … Read more

Threat Of Nuclear Attack, Trump Heading Towards Second Impeachment

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Threat Of Nuclear Attack, Trump Heading Towards Second Impeachment

Nancy Patricia Pelosi, the speaker of the US House of Representatives, fears that in the last days of his presidency, President Trump may launch a nuclear attack on any country. Pelosi has demanded to reduceTrump’s powers. According to Nancy Pelosi, a Democrat Speaker of the United States House of Representatives, she is concerned that the … Read more

Capitol Riots: Visible Racial Discrimination Fumed Netizens

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Capitol Riots: Visible Racial Discrimination Fumed Netizens

Hundreds of Trump supporters stormed the Capitol building. The attack was aimed at suspending a congressional meeting to ratify the presidential election results. Trump did not withdraw his allegations of massive electoral fraud, calling his supporters around Capitol Hill “very special,” saying, “I know your pain. I guess you’re in trouble. But you have to … Read more

Trump Officially Concedes Defeat In Presidential Election After Capitol Riots

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Trump Officially Concedes Defeat In Presidential Election After Capitol Riots

US President Donald Trump has formally conceded defeat to his political rival, Joe Biden, in the presidential election. According to the details, Donald Trump admitted his defeat in the November 3 presidential election for the first time. The “formal transfer” was announced by Congress on January 20, after the vote count ended, confirming the victory … Read more

‘A beautiful Sight’ Chinese’s Satire On Capitol Riots

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'A beautiful Sight' Chinese's Satire On Capitol Riots

The Chinese have begun mocking “American democracy” over the Capitol Hill riots, which has been compared to anti-government protests in Hong Kong in 1919. Scenes of US President Donald Trump’s supporters ‘attack’ on Capitol Hill have been circulating on the Internet in China. On Thursday morning, China’s official newspaper Global Times published two pictures with … Read more

Capitol Hill Violence: US, Asia stocks rise amid Senate Chaos

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Capitol Hill Stocks

Asian and US stocks witnessed an upward trend after Democrats took control of the Senate following key elections, paving the way for President-elect Joe Biden to implement his agenda. Dow Jones futures rose along with S&P 500 futures and NASDAQ futures, as Congress returned to Capitol Hill to finish the Electoral College certification of Joe … Read more

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