Middle East crisis: Live updates for 29 November

29/11/2024 0

As families uprooted by the war in Lebanon begin to return home following a ceasefire deal between Israel and Hezbollah militants, UN humanitarians warned that needs remain “staggering” for devastated communities. The situation is dire in Gaza too, where the enclave’s people are struggling to survive “relentless bombardment and deprivation”, says the UN aid coordination office, OCHA. Deadly airstrikes have continued in Syria, meanwhile, linked to the regional escalation, while at UN Geneva, a special meeting has been planned to mark the International Day of Solidarity with the Palestinian People. UN News app users can follow here.

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India’s Andhra Pradesh state likely to suspend Adani power deal 

29/11/2024 0

India’s Andhra Pradesh state is likely to suspend a power purchase deal linked to Adani Group due to the U.S. indictment of the group’s billionaire founder Gautam Adani over an alleged bribery scheme, Reuters exclusively revealed.  Why it matters  The suspension, likely to be announced soon, would be the first such action by an Indian state government after U.S. prosecutors charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unidentified Indian government officials to obtain solar power-supply contracts.  The post India’s Andhra Pradesh state likely to suspend Adani power deal  appeared first on Reuters News Agency.   Source: Reuters News Agency 

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Wells Fargo asset cap likely to be lifted next year

28/11/2024 0

Wells Fargo is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing problems from its fake accounts scandal, three sources familiar with the situation told Reuters.   Why it matters  The asset cap is seen as one of the toughest punishments that U.S. regulators can put in place, and its removal requires a vote by the Fed’s board of governors. Lifting the restrictions would be a major step forward for the bank’s cleanup efforts. Since the scandal emerged in 2016, it has been fined billions of dollars and slapped with a raft of regulatory punishments, some of which are still in place.  The post Wells Fargo asset cap likely to be lifted next year appeared first on Reuters News Agency.   Source: Reuters News Agency 

‘We need peace’: Global Forum concludes with hope and a plan

28/11/2024 0

The message, from second graders and octogenarians to imams, rabbis, young changemakers and the King of Spain, was clear: “we need peace and mutual understanding now more than ever before”, according to more than 1,800 participants at the UN Alliance of Civilizations 10th Global Forum, which concluded on Wednesday.

Arrest warrant sought for Myanmar Commander-in-Chief for Rohingya crimes

27/11/2024 0

The Prosecutor of the International Criminal Court (ICC) has filed an application for an arrest warrant against Senior General Min Aung Hlaing, Commander-in-Chief of Myanmar’s armed forces and Acting President, alleging his involvement in crimes against humanity targeting the Rohingya population.

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Lebanon ceasefire deal: displaced communities start to return home

27/11/2024 0

As the Lebanon ceasefire deal entered into force early Wednesday based on the full implementation of Security Council resolution 1701 – facilitated by UN peacekeepers UNIFIL and bolstered by an international monitoring committee – UN humanitarians committed to supporting communities uprooted by the war that have already started returning home.