Apple Inc plans to sell C$2.5 billion ($1.96 billion) in bonds in a Canadian-dollar-denominated issue, which will be a record amount for an issuer in the Maple bond market, Thomson Reuters IFR reported on Tuesday.
The deal will be priced on Tuesday at a spread of 80 basis points over the curve, which compares with unofficial guidance in the area of 83 basis points over the curve plus or minus three basis points, IFR said.
Continue reading “Apple plans to sell $1.96 billion in bonds in Canada”
China’s Commerce Ministry on Monday issued an order banning imports of coal, iron-ore, lead-concentrates and ore, lead and sea-food from North Korea, effective from Tuesday, as Beijing moved to implement United Nations sanctions announced earlier this month.
The UN sanctions must be implemented 30 days after the resolution was approved in a vote on Aug. 6.
Tensions on the Korean peninsula eased slightly on Monday as South Korea’s president said resolving Pyongyang’s nuclear ambitions must be done peacefully and key U.S. officials played down the risk of an imminent war with North Korea.
Concern that North Korea is close to achieving its goal of putting the Continue reading “China to implement UN sanctions on North Korea”
Morocco has lodged its bid to host the 2026 soccer World Cup, the country’s football federation said in a statement on Friday.
The offer to host the expanded 48-team tournament would compete with a joint bid from the United States, Mexico and Canada.
Continue reading “Morocco bids to host 2026 World Cup”
The United State government has approved the sale of 12 high-tech attack aircraft worth $600 million (N219 billion) to Nigeria’s Air Force for the fight against the violent extremist group, Boko Haram, White House officials briefed on the matter told the Associated Press.
President Donald Trump has pushed forward plan to sell the attack planes to Nigeria after it was suddenly suspended by the Barack Obama administration following the January bombing of the Internally Displaced Persons, IDPs, camp in Rann, Borno State Nigeria.
The sale of the planes was part of the issues discussed by President Continue reading “U.S. approves sale of $600 million attack planes to Nigeria”
Trump administration is directing the Justice Department to explore whether it can sue institutions of higher education over affirmative action policies that the White House deems discriminatory against white applicants, The New York Times is reporting.
The Times based its report on a document that it obtained.
The internal announcement to the Justice Department’s civil rights division puts out a call for lawyers interested in working on a new project focused on “investigations and possible litigation related to intentional race-based discrimination in college and university admissions,” the Times reported.
Supporters and detractors of the project told the Times that the Continue reading “Trump seeks to sue schools over affirmative action seen to hurt whites”
Jordan’s Lower House of Parliament repealed a law on Tuesday that allowed rapists to escape punishment by marrying their victims.
A royal committee had suggested abolishing the controversial Article 308 in February, among its suggestions to amend the country’s 1960 penal code.
Continue reading “Jordan repeals law allowing rapists to marry victims”
Trade union members at the Bank of England, Britain’s Central Bank, will go ahead with the first strike action by staff for over 50 years on Tuesday, the Unite union said on Monday.
Last-minute talks facilitated by a government-run arbitrator failed to resolve the pay dispute with the bank, the union said after it agreed to delay start of strike action “in a gesture of goodwill.”
Some 95 per cent of staff in maintenance, security and other service roles voted earlier this month for four days of strike action from Monday over a long-running pay dispute.
Continue reading “Bank of England staffs to hold first strike in 50 years”
Greece Authorities said on Monday that 49 migrants have been arrested while trying to fly from airports on Greek islands to destinations elsewhere in Europe using forged passports.
“At Crete’s Heraklion airport, 49 people from Syria, Iraq, Eritrea, Libya, Pakistan, Haiti, Congo and Algeria were caught with false documents between July 21 and July 30.
“Six others were held at the airport on the island of Santorini,’’ police said.
Continue reading “49 migrants arrested while trying to leave Greece with fake passports”
The man in charge of Kenya’s computerised voting system has been murdered, just days before the country goes for a general election on August 8.
Chris Msando, the electoral commission’s IT manager, had been reported missing on Friday, according to a report by the BBC.
“There was no doubt he was tortured and murdered,” said the chairperson of the country’s Independent Electoral and Boundaries Commission, IEBC, Wafula Chebukati.
Tension is high in the East African country as the presidential election is expected to be a close race between President Uhuru Kenyatta and his long-time opponent, Raila Odinga.
Continue reading “Head of IT at Kenya’s electoral commission murdered days to general elections”
Britain’s High Court on Monday rejected a bid by a former Iraqi general to file a case against former prime minister Tony Blair for a “crime of aggression” in joining the 2003 U.S.-led invasion of Iraq.
Lawyers for former Iraqi army chief of staff, Abdul Rabbat, wanted to sue Mr. Blair and his foreign minister and attorney general at the time.
Britain’s House of Lords, the unelected upper house of parliament, ruled in 2006 that English law has no “crime of aggression” despite its existence in international law.
The High Court rejected Mr. Rabbat’s petition for a judicial review of a lower court’s decision last year.
It said there was no prospect of Britain’s highest court, the Supreme Continue reading “Iraq War: British Court rejects bid to sue Tony Blair”