Yahoo News - Latest News & Headlines
U.S. pushes U.N. to slash North Korea exports by a third over missile tests
By Michelle Nichols UNITED NATIONS (Reuters) - A U.S.-drafted United Nations Security Council resolution, seen by Reuters on Friday, aims to slash by a third North Korea's $3 billion annual export revenue by banning the country's trade of coal, iron, iron ore, lead, lead ore and seafood. A council diplomat, speaking on condition of anonymity, said there was a "high confidence" that North Korea ally China and Russia would support the draft resolution, which was circulated to the 15 Security Council members on Friday. The United States is aiming for a vote on Saturday to impose the stronger sanctions over North Korea's two intercontinental ballistic missile (ICBM) tests in July, though Russia and some other council members are asking for more time, diplomats said.
Elliott discloses NXP stake, to push for higher price in Qualcomm deal
Activist investor Elliott Management Corp on Friday disclosed a 6 percent stake in chipmaker NXP Semiconductors NV and indicated it was pushing for a higher price tag in NXP's pending sale to Qualcomm Inc for $38 billion in cash. Elliott's stake, valued at roughly $2.2 billion to $2.3 billion, makes it NXP's largest shareholder, and the hedge fund's biggest activist shareholder campaign involving a semiconductor company to date. NXP shares were trading up 1.7 percent at $112.50, just above Qualcomm's $110 per share offer for the company, indicating most NXP shareholders expect a better deal.
With all-powerful assembly, is Venezuela still a democracy?
BOGOTA, Colombia (AP) — Venezuela has installed an all-powerful constituent assembly with the authority to rewrite the constitution, remove public officials and trump all branches of government, raising concerns about the health of democracy in the country.
No comments:
Post a Comment