DAILY NEWS IN ENGLISH
Germany to tighten development aid conditions for Africa Germany is out to tighten up its aid conditions for developing countries, in an attempt to combat corruption, safeguard human rights, and stimulate the creation of democratic structures. In a new strategy paper released ahead of theG20ʼs Compact with Africasummit in Berlin next week, the German Development Ministry outlined plans to reduce the number of partner countries and better control how aid money is spent. These socalled "reform partnerships," which Germany already has with Ivory Coast, Ghana, and Tunisia, would involve the target countries also increasing their own development contributions. According to the strategy paper, entitled "Entwicklungspolitik 2030" ("development policy 2030"), "an important element of this is the creation of domestic finance and tax administrations, accounting offices, and institutions to combat corruption."
Thousands protest German coal phase-out IG BCE President Michael Vassiliadis has been a member of the coal commission since the summer. He called for a more respectful approach toward mine workers, akin to the attitude shown environmentalists campaigningto save the ancient Hambach forest. "The actions of forest conservationists are given maximum understanding," Vassiliadis told the Frankfurter Allge‐ meine Zeitung. "But employeesʼ concerns are often ignored." "In Germany there are about 100,000 jobs dependent on coal-fired power generation," Vassiliadis said. About 20,000 people are directly employed in the brown coal industry in Germany, according to Germanyʼs Federal Association for Brown Coal.
243/2018 • 25 OCTOBER, 2018
Suspected explosives sent to Obama and Clinton homes in mail Officials are investigating items sent to the homes of former Presidents
Officials are investigating items sent to the homes of former Presidents Bill Clinton and Barack Obama. The US Secret Service described both items, intercepted in the mail, as "suspicious packages."
Deutsche Bank earnings down, but fullyear profit in sight Germanyʼs largest lender has reported a hefty drop in net profit for the third quarter amid a continued restructuring drive. Deutsche said it was aiming to return to profitability this year for the first time since 2014. Net profit at Germanyʼs biggest lender tumbled 65 percent year on year between July and September, Deutsche Bank said in its third-quarter earnings report Wednesday. Bottom-line income amounted to €229 million ($262.7 million), down from €649 million a year ago,but still beat expectations voiced by analysts in a Reuters
poll. Revenues shrank by 9 percent to €6.2 billion. Mindful of past years when it was described as a threat to European and global financial stability, the lender highlighted a so-called CET1 capital ratio — measuring its buffer to absorb potential losses — of 14 percent, slightly higher than the previous quarter. Deutsche Bank is still reeling from the aftermath of the global financial crisis and the debt crisis that hit the 19-member eurozone. On top of that, the lenderhas been confronted with multibillion-dollar fines for its involvement in several financial scandals.
The Swarm: Eco-thriller becomes English language series Germanyʼs ZDF Television has announced plans for a filming in English of the 2004 novel by the popular Cologne-based author. As the 61-yearold author told Germanyʼs RND editorial network, the international cast will presumably include German, Norwegian, Swedish, Italian and British actors. With an eye on an international market, public television station
ZDF plans to pick up on the success of the hit TV crime novel series "Babylon Berlin" produced by competitor ARD. "Itʼs the ZDFʼs answer to ʼBabylon Berlinʼ," Schätzing said. With filming to begin next year, Schätzing will have a hand in writing the scripts. Frank Doelger, executive producer of seasons two to five of the HBO fantasy series "Game of Thrones," has signed on as producer.
Khashoggi: Saudi crown prince calls murder ʼheinous crime,ʼ pledges justice Saudi Arabian Crown Prince Mohammed bin Salman promised on Wednesday to work with Turkey to bring those responsiblefor the murder of Saudi dissident journalist Jamal Khashoggito "justice." "Those behind this crime will be held accountable," he said during a speechto business leaders at the Future Investment Initiative forum in Riyadh. Khashoggiʼs death, he added, was a "heinous crime." Prevarication, Saudi style He said Riyadhʼs adversaries have been exploiting the incident to "drive a wedge between Saudi Arabia and Turkey." The journalist, who had repeatedly criticized the crown prince before his death, went missing at the beginning of October after entering the Saudi consulate in Istanbul. Turkey accused the Saudi government of murdering and dismembering Khashoggi in the consulate. Riyadh said the journalist had died during a fight after initially claiming he had left the consulate building alive.
EU Parliament votes for ban on single-use plastic The European Parliament on Wednesday approved measures which could lead to a ban on single-use plastic items, including straws, cotton swabs and disposable plastic plates and cutlery, by 2021. The parliament backed the proposals with a 571-53 majority. In May, the EU Commission proposed EU-wide rulesto target the top 10 single-use plastic items that litter Europeʼs beaches or are found in its seas, as well as lost and abandoned fishing gear.
weather today BUDAPEST
8 / 13 °C Precipitation: 3 mm
243/2018 • 25 October, 2018
Migrant caravan ʼcould not be
BMW widens recall over coolant issue
larger giftʼ for Donald Trump
German auto manufacturer BMW has announced itʼs recalling over a million more vehicles than originally planned over fears the affected cars can catch fire. Car owners shouldnʼt worry too much, though, BMW insisted.
"Remember the midterms", US President Donald Trump reminded his 55 million followers on Twitter on Tuesday in a sequence of tweets focused on the so-called migrant caravan that is making its way through Mexico towards the US border. If there was ever any doubt that Trump would forego the attention-grabbing visuals of thousands of Latin American migrants braving brutal conditions to trek tens of miles per day in hopes of reaching the US, a series of presidential tweets sent out in the past couple of days erased it. Using military jargon to describe the caravan and alleging — without offering evidence — that criminals and "unknown Middle Easterners" were part of the group, Trump faulted Democrats and US courts for standing in the way of a tougher immigration policy, and El Salvador, Guatemala and Honduras, the home countries of most of the migrants, for not preventing them from making the journey.
Usain Bolt: Australian FA helping Central Coast Mariners fund deal with Olympic champion Eight-time Olympic champion Usain Bolt could still sign for Central Coast Mariners after the Australian football association said it was working with the club "in regards to funding". The Australian club said on Monday it was "unlikely" Jamaican trialist Bolt would sign a dealwithout a financial contributionfrom a "third party". A Football Federation Australia (FFS) spokesperson told BBC Sport it had now stepped in to try to help. Bolt, 32, joined the club inAugust. The 100m and 200m world record holderturned down a two-year dealwith Maltese champions Valletta FC this month.
Due to problems with a glycol coolant, German carmaker BMW said it needed to recall a total of 1.6 million vehicles globally, making it one of the Munich-based companyʼs largest safety recalls ever. Back in August of this year, BMW issued a notesaying that it was recalling 100,000 cars in South Korea on fears the vehicles may catch fire. Only a few days later, another 300,000 cars in Europe were added to the tally. On Tuesday, BMW conceded that follow-
ing further examination of engines with a similar technical setup, it would now have to inspect an additional million or so vehicles. The company hastened to say that thereʼs no reason to believe that the cars added this week had been posing any significant risk to customers. "Nonetheless,the BMW Group decided to further reduce even this minor riskby expanding the country-specific technical campaigns," it said in a statement.
Winners and losers of the American wildfire pandemic Massive wildfires are taking a toll on communities throughout the American West, destroying homes and communities. Some people, however, have made a business model out of it. Itʼs just before 7 a.m. on a frigid morning in late September on an alpine steppe outside the ranching town of Kremmling, Colorado. Around 650 or so people, mostly men, are gathered here, their breath visible in the freezing air. Almost surreally, this meeting has been called
because the nearby hillsides are being consumed by the flames of the Silver Creek fire. A bolt of lightning ignited the extremely dry sagebrush and started the wildfire on July 19. This late in the year, fire season should be over. Yet it continues to burn. "The sheriff will sleep better when there is a [fire] season-ending snowfall," said Mitch Utterback, a liaison officer with the Rocky Mountain Area Incident Managementʼs Blue Team and a former US Army lieutenant colonel, with four deployments to Iraq and Afghanistan under his belt.
World Press Photo exhibition open in Budapest A heartwarming hug, exploited sex workers and all of the chaos and calamity caused by an increasing terrorist attacks and conflict. The annual World Press Photo travelling exhibition once again portrays milestones from the past year through the best works of photojournalism. The exhibition is on view until October 23rd at the Hungarian National Museum. If you just visit one show in Budapest this autumn, it should be this one.
H-1056 Budapest, Só u. 6. Telephone: +36 1 577 0700 Fax: +36 1 577 0710 bhzinfo@zeinahotels.com www.boutiquehotelbudapest.com
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Indiaʼs currency tumbles amid rising oil prices The rupee has dropped over 12 percent against the US dollar since the beginning of 2018, earning it the unfortunate distinction of Asiaʼs worst performing currency this year. Economists blame risingglobal crude prices for the slide. India imports 80 percent of its oil needs and soaring prices have blown a hole in the nationʼs finances. The country also imports huge quantities of items like gold and electronics, swelling its import bill further. Indiaʼs current account deficit (CAD) will also likely widen to 2.8 percent of GDP in financial year 2018 — up from 1.9 percent last year — according to consultancy Nomura Research Institute. CAD is a measure of the flow of goods, services and investments in and out of the country. Still, macroeconomic problems resulting from a higher CAD and depreciating rupee are not Prime Minister Narendra Modiʼs biggest concerns. His administration is more worried about growing public discontent due to the rise in petrol and diesel prices.
Vietnamʼs dog meat culture clashes with modern tastes Hoang has been eating dog meat since he was young. He canʼt imagine there will be a time that he wonʼt be eating it at least twice a month. However, Vietnamese officials announced in September that dog and cat meat should no longer be served in the inner districts of the capital city Hanoi because itʼs offensive to tourists and can spread diseases like rabies. Read more: Illegal dog meat trade raises moral questions Dog meat lovers and restaurant owners fear that the government will try to expand the ban and decide to officially forbid eating dog and cat meat entirely. "I donʼt see how they can ban it. The demand is just too high," Hoang said at a restaurant in Vietnamʼs largest metropolis, Ho Chi Minh City. In a small alley in Ho Chi Minh City, at least four restaurants serve dog meat, or Thịt chó. People gather around small tables to dine on the canine meat, complementing it with rice wine or beer. Hoang, who declined to give his full name, is sitting at a table with three good friends. "For us itʼs a tradition to eat dog meat. Itʼs just as normal as eating seafood or chicken," he told