The European Union warned it is considering sanctions on Myanmar while the United States penalised two more generals for links to the military coup, as Western countries sought to press the junta to avoid a violent crackdown after weeks of protests.
A general strike shut businesses in the Southeast Asian country on Monday (22 February) as huge crowds gathered peacefully despite a warning from authorities that confrontation could get people killed.
UN Special Rapporteur Tom Andrews said millions had marched in a “breathtaking” turnout, despite the junta’s threat.
“The generals are losing their power to intimidate and with it, their power. It is past time for them to stand down, as the people of Myanmar stand up,” Andrews said on Twitter.
By Addison Gong
29 Jan 2021
In this round-up, Chinese president Xi Jinping warns of international confrontations from a ‘new cold war’, regulators plan deeper capital market reforms and increased oversight of internet finance platforms, and European insurance giant Allianz receives approval for China’s first fully foreign-owned insurance asset management company.
A ‘new cold war’ will cause divisions and confrontations in the world, Chinese president Xi Jinping said at the World Economic Forum’s virtual annual meeting in Davos this week. His remark was widely interpreted as a warning to the US.
Xi also said that China will continue contributing to the fight against Covid-19 globally, open up the domestic market, and promote sustainable development and development in technology.
In the last two years, Trump has sought to exert pressure on Venezuelan president Nicolás Maduro to end what US officials call his illegitimate hold on power
US Carnival Company ready to restart cruises to Cuba
US Carnival Company ready to restart cruises to Cuba
Washington, Jan 14 (Prensa Latina) The Carnival Corporation announced to be prepared to readjust its cruises to Cuba, following the new rules that may arise with the change of the US government.
As reporting on the company s results at the end of the year and the fourth quarter of 2020, its CEO Arnold Donald ratified that Cuba was a main destination after the known thaw, that is, openness that took place during the administration of President Barack Obama (2009-2017).
We will see what happens with the incoming administration of President-elect Joe Biden, who will take office on January 20, obviously, we will be well prepared to operate in whatever the guidelines, rules and regulations are, Donald said.
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The New York Stock Exchange (NYSE) again changed course, now deciding to push on with original plans to delist China Mobile, China Telecom and China Unicom, despite stating two days ago it would not go ahead with the plan.
The bourse said it will delist shares in the three operators on January 11, stating its latest decision comes from “new specific guidance” from the US Treasury Department Office of Foreign Assets Control.