world news
Harry and Meghan in ‘near catastrophic’ car chase – spokesperson – BBC
Prince Harry, Meghan and her mother were involved in a “near catastrophic car chase” involving paparazzi, a spokesperson for the prince has said.
The incident happened after the Duke and Duchess of Sussex attended an awards ceremony in New York on Tuesday.
In a statement, the prince’s spokesperson said the “relentless pursuit” lasted for over two hours.
They added it resulted in near collisions with other drivers on the road, pedestrians and police officers.
The BBC has not been able to independently verify the details.
In a statement, the New York Police Department (NYPD) confirmed an incident took place and said that photographers “made their [Harry and Meghan’s] transport challenging.”
No collisions, injuries or arrests were reported.Buckingham Palace has not yet commented.
There are claims the chase involved half a dozen cars, with reckless driving including going through red lights, driving on the pavement, carrying out blocking moves, and reversing down a one way-way street – as well as taking photographs while driving.
“While being a public figure comes with a level of interest from the public, it should never come at the cost of anyone’s safety,” the prince spokesperson said.
“Dissemination of these images, given the ways in which they were obtained, encourages a highly intrusive practice that is dangerous to all involved.”
New York City Mayor Eric Adams told reporters that two police officers “could have been injured” and that it “would be horrific to lose an innocent bystander during a chase like this”.
While Mr Adams said he “would find it hard to believe” a high-speed chase too place for two hours, even a 10-minute chase in congested New York would be “extremely dangerous”.
The awards ceremony – the Ms Foundation Women of Vision Awards – was the couple’s first public appearance together since the King’s Coronation earlier this month.Meghan accepted an award at the event alongside LaTosha Brown, the co-founder of Black Voters Matter.
The couple were accompanied by Meghan’s mother, Doria Ragland.Photographs taken last night show the group leaving the ceremony in Manhattan.
There are now claims the chase that followed involved half a dozen cars, with reckless driving including going through red lights, driving on the pavement, carrying out blocking moves, and reversing down a one way-way street – as well as taking photographs while driving.
The BBC understands the pair were staying at a friend’s home in New York and did not return directly to avoid compromising their security during the chase.
It’s also claimed that the presence of New York police officers did not stop the pursuit.The couple use private security while in the US.
Duncan Larcombe, the author of the book Prince Harry: the Inside Story, told the BBC that it appears “something has gone extremely wrong” with Harry and Meghan’s security in the US.
“This will come as a huge surprise for people who used to look after Harry in the UK,” he said.
“There are huge questions to be asked about whether the paparazzi can still operate in this way.”
Prince Harry’s mother, Princess Diana, was killed in a 1997 car crash in Paris while being chased by photographers.
In an interview with the BBC for the documentary Diana, 7 Days, Prince Harry referred to the paparazzi as “a pack of dogs” who constantly hounded his mother.“Every single time she went out there’d be a pack of people waiting for her,” he said.“I mean a pack of dogs, followed her, chased her, harassed her, called her names, spat at her, trying to get a reaction, to get that photograph of her lashing out.”
Prince Harry is currently involved in multiple legal disputes with the British tabloid press, including allegations of phone hacking and the unlawful gathering of information.
Earlier this week, a lawyer for the prince told a London court that he should be allowed to challenge a government decision that denied him the ability to pay for police protection while in the country.
The pair stepped down from royal duties and moved to the US in 2020 – a move they said was partly due to harassment from UK tabloids.
Prince Harry has described his battle to change the media as his “life’s work”.
Next month he will appear in a London court to give evidence in a phone hacking case.
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world news
World Trade Organization General Council May 2023 UK statements – GOV.UK
The UK spoke on a number of agenda items at the WTO General Council on 8- 9 May 2023.
Ecommerce
“Thank you very much Madame Chair.Like others have said, it’s delightful to see you there in your new role, Chairing so effectively.Let me also bid welcome to those who are arriving and bid farewell to those who are leaving.I’d like to thank those who presented on this issue and I think we should be celebrating our extraordinary good fortune in having a facilitator who is as effective at reinvigorating and revitalising the Work Programme as our facilitator is doing, and I think that the tributes around this room show how well this process is going.
I am delighted to hear this morning her plans for bringing in again voices of other international organisations, of the private sector, who are so interested in and worried by the potential effects of our work here, so I would really like to pay tribute to everything she is doing.We have tried to play our very modest part in this by, as you know, producing a paper to which she referred which looks at trade digitalisation and the benefits it can bring both to MSMEs, but also to women-led business across the world, and in the same way that our colleague from Singapore has just reminded us.Let me just say briefly on the substance, because we are going round and round this buoy.I may be misquoting him slightly, but if so it’s in a good cause; I think our colleague from Antigua on behalf of the OECS put it better that I could, about the moratorium not being a panacea, but it is a key part of the role of this organisation in enabling the development of a more digital global economy.
One which, in my humble opinion, is in the interests of Members both developed and developing.Thank you.”
TRIPS
“Thank you very much Chair.
Right now, it is clear that consensus does not exist and further discussion, particularly in the TRIPS Council, is required.We welcome the update provided by the US today.
We are also looking forward to having more substantive engagement with proponents on the other submissions that have been put forward in the discussion.There are a number of unresolved questions and issues, particularly on the scope of the products covered by a potential extension.So, we would welcome a clarification from the proponents, on the questions and issues that have been raised.We want to make sure we work towards a decision that is underpinned by evidence policy making.
On that basis, the recent submission by Chinese Taipei could be a starting point for discussions.Thank you.”
Small Economies
“Thank you Madame Chair.Let me start off with thanks to the Secretariat for the paper and to our distinguished colleagues from Mauritius and the Dominican Republic as past and present Chairs, very much welcome the way they are taking forward the work on this.We welcome the very good, productive conversation that took place in the CTD dedicated session on small economies.It is clearly important, as so many others have said in this room, that we understand, recognise and act upon the unique vulnerabilities that are faced by specific Members of this organisation, especially the SIDS.We are delighted to be engaging with Members of the SVE Group on the next steps that they would like to see taken on the back of this secretariat report and we very much support the idea of thematic discussions and experience sharing, including how we bring into those discussions the insights of external organisations as the OECS proposed a little while ago.We very much look forward to continuing these discussions and to the fruits of those discussions in due course.Thank you.”
LDC Graduation
“Thank you Madame Chair.
First of all, as George (AUS) said, graduating is, as ever, a matter for celebration but it is also understandable that people want a scheme here that smooths the path.And we would have been delighted if we could have agreed that back at MC12, and like others, we think it would be great if we can agree it at or indeed before MC13.It is an important issue and we’ve heard what LDCs and others have said.I’d like to thank Zambia for presenting this morning but for all the work that Djibouti and Kenya and Bangladesh and others have done on this file.We welcome the fact that there are bilateral discussions going on, on Annex 1, and we do recognise the need now to move to technical discussions on Annex 2.We would be delighted to participate wherever and whenever we chose to do so.And we very much hear the preference from the LDCs that their preference would be through the LDC sub-committee and we would very much support that and welcome it”.
world news
Harry and Meghan in ‘near catastrophic’ car chase – spokesperson – BBC
Prince Harry, Meghan and her mother were involved in a “near catastrophic car chase” involving paparazzi, a spokesperson for the prince has said.
The incident happened after the Duke and Duchess of Sussex attended an awards ceremony in New York on Tuesday.
In a statement, the prince’s spokesperson said the “relentless pursuit” lasted for over two hours.
They added it resulted in near collisions with other drivers on the road, pedestrians and police officers.
The BBC has not been able to independently verify the details of the incident.
“While being a public figure comes with a level of interest from the public, it should never come at the cost of anyone’s safety,” the spokesperson said.
“Dissemination of these images, given the ways in which they were obtained, encourages a highly intrusive practice that is dangerous to all involved.”
The New York Police Department (NYPD) did not immediately confirm knowledge of the incident.
The awards ceremony – the Ms Foundation Women of Vision Awards – was the couple’s first public appearance together since the King’s Coronation earlier this month.
They were accompanied by Meghan’s mother, Doria Ragland.
Prince Harry’s mother, Princess Diana, was killed in a 1997 car crash in Paris while being chased by photographers.
In an interview with the BBC for the documentary “Diana, 7 Days”, Prince Harry referred to the paparazzi as “a pack of dogs” who constantly hounded his mother.“Every single time she went out there’d be a pack of people waiting for her,” he said.
“I mean a pack of dogs, followed her, chased her, harassed her, called her names, spat at her, trying to get a reaction, to get that photograph of her lashing out.”
Earlier this week, a lawyer representing Prince Harry told a London court that he should be allowed to challenge a government decision that denied him the ability to pay for police protection while in the UK.
world news
Stock market today: Wall Street ticks higher with hopes US may … – News-Gazette
NEW YORK (AP) — Wall Street is drifting higher Wednesday, though it remains stuck in the tight range where it’s been for a month and a half.
The S&P 500 was 0.4% higher in early trading, on pace for a seventh straight week where it moves by less than 1%.That would be its longest such streak since 2018.The Dow Jones Industrial Average was up 133 points, or 0.4%, at 33,145, as of 9:45 a.m.Eastern time, while the Nasdaq composite was 0.3% higher.
Markets got some lift from
hopes that the U.S.government may avoid a first-ever default on its debt.
House Speaker Kevin McCarthy said late Tuesday that Democrats and Republicans could reach a deal by the end of the week, though the two sides remain far apart.
They’re staring down a June 1 deadline, which is when the U.S.government could default on its debt unless Congress allows it to borrow more.A default could rock the financial system because Treasurys are assumed to be the safest possible investment on Earth, and economists say it would likely cause widespread damage across the economy.
Stocks of companies that get much of their revenue from the federal government, and thus may have much to lose if it can’t pay its bills, were ticking a bit higher.Lockheed Martin rose 1.1%, and Northrop Grumman gained 1.3%.
The debt negotiations are just one of the issues hanging over Wall Street.Worries are also high about a
possible recession hitting later this year because of much higher interest rates meant to get painful inflation under control.
One of the main positives that’s kept the economy out of a recession so far has been resilient spending by U.S.
households.They’ve continued to spend even as manufacturing, the U.S.banking system and other parts of the economy have cracked under the pressure of high rates.
Target offered some potentially encouraging data on the strength of shoppers when it said its profit fell by less last quarter than analysts feared.But it also said that it’s seeing softening sales trends early this year, and it did not raise its forecast for full-year earnings.Its stock rose 1.3%.
TJX, the parent company of T.J.Maxx and Marshall’s, rose 2.9% after it reported stronger profit than expected for the latest quarter.
It also raised its forecast for full-year earnings, though its revenue for the latest quarter fell short of Wall Street’s forecasts.
A day earlier,
Home Depot raised worries when it cut its financial forecasts for the year after highlighting broad-based pressures across its business.Walmart is the next big retailer to report its results, and it’s coming up on Thursday.
Retailers are among the last of big U.S.companies to report their profits for the start of the year.The majority of businesses in the S&P 500 have turned in earnings that were better than analysts feared.But they’re still on pace to finish with a second straight quarter of drops in profit from year-ago levels.
Besides the “profit recession” underway, pressures in the U.S.banking industry have also raised worries on Wall Street.Investors have been hunting for the next possible weak link following three high-profile failures since March.
Banks are struggling with high interest rates, which have caused some customers to pull their deposits in search of higher yields at money-market funds and other accounts.
The charge higher in rates over the last year have also knocked down the values of many of the loans and bonds that banks own.
Much scrutiny has been on Western Alliance Bancorp and other smaller and mid-sized banks, which has led to wild swings in their stock prices.
Western Alliance recovered some of its losses after it gave an update on its deposit levels through May 12, among other data.It jumped 12.5% Wednesday, though it’s still down 40.3% for the year so far.
PacWest Bancorp, another bank under heavy scrutiny, rose 10.1% to trim its loss for the year to 78%.
In the bond market, Treasury yields were mixed.
The yield on the 10-year Treasury dipped to 3.53% from 3.54% late Tuesday.
The two-year yield, which moves more on expectations for action by the Federal Reserve, rose to 4.10% from 4.08%.
In markets abroad, Japan’s Nikkei 225 gained 0.8% after data showed the world’s third-largest economy grew at its strongest pace since April-June.
Stock indexes fell 2.1% in Hong Kong and moved modestly in Europe.
AP Business Writers Yuri Kageyama and Matt Ott contributed.
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