World News Briefs For Wednesday, 5 December 2018
Hello Australia!! - The stock market tanks as traders realize Trump probably lied about something - Macron backs down after violent protests - A major move against the Mafia - And more in your CareerSpot Global News Briefs:
The Dow Jones plunged overnight because Wall Street realized that Donald Trump's claim of reaching a trade deal with China is probably untrue. The selloff wipes out Monday's 288-point jump on the Dow, which was a bubble built on speculation of a ceasefire between the United States and China on the trade front. But by Tuesday in the US, Beijing had not yet confirmed the move and Trump's advisers appeared less certain about the agreement - Trump himself said, "I am a tarriff guy". Whatever that is, but Wall Street didn't like it. At its lowest point the Dow was down more than 800 points, and closed down around 799.
Saying that people's anger must be heard, French Prime Minister Edouard Philippe announced a six month suspension of planned hikes to the price of fuel and electricity, as well as stricter emissions tests. The rising price of patrol and diesel appeared to be the catalyst for three weeks of violent rioting in Paris; shops and cars along the French capital's grandest avenues were attacked and torched while the Arc de Triomphe itself was vandalized. President Emmanuel Macron had suffered a drop in popularity since taking office in 2007, but the fuel price hikes inspired a round of loathing and rage that forced his first major policy reversal.
Italian police hope they have taken the head off of the Sicilian mafia with the arrests of Palermo's "boss of bosses" 80-year-old Settimo Mineo and 45 of his closest associates. The move appeared to be prompted by information that Mineo was about to hold what amounts to a "mafia convention", calling together capos and godfathers for the first mass meeting in 25 years. "They will never give up," warned parliament's anti-mafia commission chair Nicola Morra, "But nor shall we."
Separatists killed as many as 31 construction workers at a road building project in Indonesian Papua. The separatist movement had been somewhat lower in recent years, and this is the worst attack in a long while.
US Senators emerged from a delayed meeting with CIA Director Gina Haspell on the murder of Saudi Arabian dissident journalist Jamal Khashoggi proclaiming Crown Prince Muhammad bin Salman's guilt, as well as calling him "crazy" and "dangerous". "There is not a smoking gun, there is a smoking saw," said Republican Senator Lindsey Graham, referring to Khashoggi's apparent dismemberment in the Saudi consulate in Istanbul on 3 October. New Jersey Democratic Senator Bob Menendez said the US must "send a clear and unequivocal message that such actions are not acceptable in the world's stage". Saudi Arabia has denied the prince's involvement in the killing, and the Trump administration has pretty much said it will look the other way.
Uruguay is rejecting an asylum request from Peru's former president. Alan Garcia entered the residence of Uruguay's Ambassador in Lima last month after being charged with taking gobs and gobs of money from Odebrecht, the Brazilian construction firm implicated in pay-to-play corruption around the world. Uruguay's President Tabare Vasquez announced that Mr. Garcia is not a victim of political persecution. Garcia has left the Uruguayan residence, and his whereabouts are unclear.
South Africa has its first female chief prosecutor: Shamila Batohi said she was ready to lead the country's battle against corruption. Her office had itself been engulfed by scandal, with critics claiming that former President Jacob Zuma packed it with allies who ensured he was shielded from corruption investigations. Ms. Batohi acknowledged the rot as her confirmation was announced on TV, to try and convince a skeptical public that things will be getting better.
NATO is accusing Russia of breaching the 1987 Intermediate-range Nuclear Forces (INF) Treaty, which banned land-based nuclear missiles in Europe. Russia denied being in breach of the INF deal, saying it "strictly abides" by its conditions.