Timeframe: July 9 to July 15, 2022
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1. Politics
Biden: US prepared to use force to stop Iran getting nuclear arms
President Joe Biden has pledged that the US is “prepared to use all elements of its national power” to stop Iran from getting a nuclear weapon.
Mr. Biden made the declaration with Israel’s Prime Minister Yair Lapid on the second day of his visit there.
He also pledged that the US would “work together with our other partners to confront Iran’s aggression and destabilizing activities”, including Iran’s use of “terrorist organizations such as Hezbollah, Hamas, and Palestinian Islamic Jihad”.
Source: BBC
Six candidates still in race to replace UK PM Boris Johnson
Six candidates remain in the running to replace UK Prime Minister Boris Johnson after the first round of voting, the Conservative Party announced, with finance minister Nadhim Zahawi and former foreign minister Jeremy Hunt eliminated.
Rishi Sunak, who quit as finance minister last week to trigger Johnson’s downfall, leads the pack with the support of 88 Conservative member of parliament, followed by Penny Mordaunt, on 67, who polling shows is most popular with the party membership that will ultimately decide the race, and foreign Secretary Liz Truss on 50 votes.
Meanwhile, lawmaker Kemi Badenoch received 40 votes, Tom Tugendhat received 37 and Suella Braverman received 32.
Source: Al Jazeera
Italian Premier Draghi’s resignation is rebuffed — for now
Italian Premier Mario Draghi offered to step down Thursday after a populist coalition partner refused to vote for a key bill in Parliament, but the nation’s president quickly rebuffed him, leaving one of Western Europe’s main leaders at the helm for now.
In the measure Thursday, the 5-Stars opposed a provision to allow Rome to operate a garbage incinerator on the outskirts of the chronically trash-choked Italian capital.
The next showdown in Parliament is set for July 20, when Draghi will formally pitch for support ahead of a confidence vote — this time not on a specific bill but on his government’s very viability.
Source: AP News
2. Economics & Business
Henan: Violent clashes after hundreds show up for China bank protest
Hundreds of people in China’s Henan province attended a banking protest on Sunday which turned violent after a clash with a group of unidentified men.
Protesters said the banks had frozen their deposits because of supposed upgrades to their internal systems, but had not been in communication since.
Some 39bn yuan ($5.8bn; £4.9bn) are believed to have been frozen, leaving hundreds of thousands affected.
The incident involving the four banks had been in the spotlight earlier last month as some bank customers had earlier claimed authorities had restricted their movements in a bid to stop them from protesting.
Source: BBC
Crypto lending company Celsius Network has filed for bankruptcy
The crypto crash has claimed another corporate victim: Celsius Network has filed for Chapter 11 bankruptcy protection. The crypto lending company’s future has been in question ever since it abruptly halted all withdrawals and transfers exactly one month ago. It now hopes to continue operating with its remaining $167 million in cash while bankruptcy courts restructure the company.
Source: The Verge
3. Science & Technology
Microsoft wins deal to serve ads on Netflix, edging out Comcast and Google
Netflix has hired Microsoft to provide the advertising technology for the streaming service’s planned ad-supported tier, the companies announced Wednesday. Comcast’s NBCUniversal subsidiary and Google were reportedly “top contenders” to serve ads on Netflix before Microsoft won the contract.
“Microsoft has the proven ability to support all our advertising needs as we work together to build a new ad-supported offering,” Netflix said. “More importantly, Microsoft offered the flexibility to innovate over time on both the technology and sales side, as well as strong privacy protections for our members.” The ad-supported streaming subscription will be offered “in addition to our existing ads-free basic, standard and premium plans,” Netflix said.
Source: ARS Technica
Disclaimer: The information provided here is obtained solely from the aforementioned third parties. Youth Policy Forum (YPF) is not responsible for any misinformation or misrepresentation.