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Eu Set To Fight Italy Over Debts

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The European Union looks increasingly likely to impose disciplinary procedures on Italy over the management of its huge public debt, after inconclusive meetings on Friday between the Italian finance minister and his EU partners.

The EU is urging Italy to adopt new measures to improve its public finances this year and next.

It has threatened unprecedented disciplinary action over Rome’s debt that would entail a prolonged period of oversight of the country and could lead to heavy financial sanctions.

But Italian Finance Minister Giovanni Tria appeared unconcerned by the increasingly threatening tone of his EU partners.

After meetings with EU economics commissioners Pierre Moscovici and Valdis Dombrovskis, he said he was optimistic that Italy could avert the disciplinary procedure.

The technocrat minister, who is seen as a moderate in a eurosceptic government dominated by firebrands like far-right leader Matteo Salvini, also told reporters that Italy could comply with EU fiscal rules without adopting new measures.

That is because some planned expenditures are lower than initially expected, bringing down the country’s deficit, he said.

Brussels was unconvinced, however. After the meeting, Dombrovskis reiterated that more was needed.

“It is for Italy to come forward with some additional elements, measures that could be taken into account before taking the next procedural steps,” he told a news conference, just after Tria dismissed the need for further legislative action.

EU finance ministers backed the EU Commission in its critical assessment of Italy’s public finances, paving the way for the start of disciplinary procedures in early July. France’s finance minister Bruno Le Maire said Italy had only days to make concessions and avoid such action.

Under EU rules, countries with large debts must reduce them and should also improve their structural deficits, excluding one-off revenues and expenditures, to make their debts more sustainable.

Italy breached those rules last year, data show, and is forecast to do so again this year and next. The Commission expects Rome’s debt to rise even further above the EU’s ceiling of 60% of economic output from about 132% at present.

Italy’s structural deficit, which should have narrowed by 0.6 percentage points this year under EU fiscal rules, is instead projected to widen by 0.2 percentage points.

The commission wants new measures to stabilize Italy’s public finances this year, and is also calling for it to give clear commitments to respect the rules in 2020, when a sales-tax hike worth 23 billion euros ($25.8 billion) is due to kick in to cover for past fiscal shortfalls.

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World

Renowned Civil Rights Activist, Rev Jesse Jackson Dies at 84

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The Rev. Jesse Jackson, the legendary civil rights activist and two-time presidential candidate, has passed away Tuesday aged 84, his family has said in a statement.

A cause of death was not immediately given but Jackson’s family said he died peacefully surrounded by loved ones.

“Our father was a servant leader — not only to our family, but to the oppressed, the voiceless, and the overlooked around the world,” the Jackson family said.

“We shared him with the world, and in return, the world became part of our extended family. His unwavering belief in justice, equality, and love uplifted millions, and we ask you to honor his memory by continuing the fight for the values he lived by.”

Jackson was hospitalized in November for treatment to regulate his blood pressure, having been under observation for progressive supranuclear palsy, CNN reported at the time.

PSP is “a rare neurological disorder that affects body movements, walking and balance, and eye movements,” according to the U.S. National Institute of Neurological Disorders and Stroke.

Prior to that, Jackson’s struggles with his health prevented him from attending his 84th birthday celebrations in Chicago last October, which, CBS reported, was nevertheless attended by city mayor Brandon Johnson, former congressman Bobby Rush, and Jackson’s sons — current Illinois Democratic Rep. Jonathan Jackson and former representative Jesse Jackson Jr — among many others.

He announced he had been diagnosed with Parkinson’s disease in 2017.

Also in their statement, Jackson’s family expressed their “profound sadness” at his passing and paid tribute to “his unwavering commitment to justice, equality, and human rights helped shape a global movement for freedom and dignity.

Culled from Independent.co.uk

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Africa

Investment Opportunities: Promote Ghana with Your Platforms, Bonsu Charges Chinese Media

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Ghana’s Ambassador to China, Kojo Bonsu, has appealed to the Chinese media to use their medium to promote Ghana.

Ghana, he said, boasts of several business opportunities, therefore if the Chinese media take keen interest in Ghanaian issues, it would help attract investors from China to Ghana.

According to him, the door of the Ghana Embassy in China is wide open to Chinese journalists, especially those who want to positively project Ghana.

“The Chinese media institutions should henceforth partner with the Ghana Embassy in promoting trade and investment opportunities in both of our sister countries for growth.

“There are potential for growth in various sectors such as infrastructure, clean energy, Information Technology (IT) and Artificial Intelligence (AI), healthcare, minerals processing and agriculture,” Mr. Bonsu pointed out.

He was speaking when the Ghana Embassy in China recently hosted a press soiree in Beijing, which was graced by a number of prominent media institutions in China.

The programme was mainly used to promote Ghana’s upcoming 69th independence anniversary celebrations and also highlight investent opportunities in the country.

Kojo Bonsu, who is a former Kumasi Mayor, said Ghana is the safest, friendly and best country for any investor to do business, urging Chinese businessmen to heed his advice.

According to him, Ghana is a democratic nation, which has conducive atmosphere for businesses to flourish, stressing his desire to work and improve Ghana-China relations.

“Ghana is committed to strengthening ties with China. My country is a stable democracy, has business-friendly environment and rich cultural heritage,” Kojo Bonsu stated.

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World

Again, US to Deport 18 Nigerians on Criminal List

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The United States Department of Homeland Security has announced plans to deport an additional 18 Nigerians listed on its “worst-of-the-worst” criminal register, bringing the total number of Nigerians scheduled for removal to 97.

A follow-up check of the DHS website on Monday showed that 18 more names had been added to the list, indicating an expansion of the enforcement exercise.

According to the updated records, wire fraud, mail fraud and identity theft were among the most common offences committed by the newly listed individuals.

An accompanying statement on the website said the arrests were part of an ongoing nationwide crackdown on criminal immigrants by U.S. authorities.

It read, “The U.S. Department of Homeland Security is highlighting the worst of the worst criminal aliens arrested by the U.S. Immigration and Customs Enforcement.

“Under Secretary Noem’s leadership, the hardworking men and women of DHS and ICE are fulfilling President Trump’s promise and carrying out mass deportations, starting with the worst of the worst, including the illegal aliens you see here.”

The convicted Nigerians named on the latest list include Oluwaseyanu Akinola Afolabi, Olugbeminiyi Aderibigbe, Benjamin Ifebajo, Obinwanne Okeke, Kolawole Aminu, Oluwadamilola Olufunsho Ojo and Franklin Ibeabuchi.

Others are Alex Afolabi Ogunshakin, Joshua Ineh, Stephen Oseghale, Eghosa Obaretin, Adesina Surajudeen Lasisi, Ibrahim Ijaoba, Azeez Yinusa, Charles Akabuogu, Kelechi Umeh, Lotenna Chisom Umeadi, Donald Ehie and Chukwudi Kingsley Kalu.

The updated figures underscore the Trump administration’s continued tough stance on illegal and criminal immigrants across the United States, with several foreign nationals affected, including Nigerians.

Recall that 79 Nigerians had earlier been listed for deportation.

Those previously named include Boluwaji Akingunsoye, Ejike Asiegbunam, Emmanuel Mayegun Adeola, Bamidele Bolatiwa, Ifeanyi Nwaozomudoh, Aderemi Akefe, Solomon Wilfred, Chibundu Anuebunwa, Joshua Ineh, Usman Momoh, Oluwole Odunowo, Bolarinwa Salau and Oriyomi Aloba.

Others are Oludayo Adeagbo, Olaniyi Akintuyi, Talatu Dada, Olatunde Oladinni, Jelili Qudus, Abayomi Daramola, Toluwani Adebakin, Olamide Jolayemi, Isaiah Okere, Benji Macaulay and Joseph Ogbara.

The Punch

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