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The World in Brief from The Economist

Ruto withdraws finance bill; Biden’s Supreme Court win, and more

The World in Brief from The Economist

The Economist

Daily News, Global News, News, News & Politics

4.11.2K Ratings

🗓️ 26 June 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Ruto withdraws finance bill; Biden’s Supreme Court win, and more 

Transcript

Click on a timestamp to play from that location

0:00.0

This is the world in brief from The Economist.

0:07.0

Our top stories. Kenya's president, William Rudo, withdrew a controversial finance bill which had aimed to raise more than $2 billion from taxes.

0:22.0

Protests against the legislation rocked the country. more than $2 billion from taxes.

0:22.5

Protests against the legislation rocked the country on Tuesday.

0:26.4

Police reportedly killed at least 22 people and injured scores more.

0:31.1

Protesters set part of Kenya's parliament in Nairobi on fire.

0:35.0

They called on Mr. Rudo to resign.

0:37.0

He described the demonstrations as, quote, treasonous.

0:43.0

America's Supreme Court rejected a bid to limit communications between the federal government

0:48.0

and social media companies.

0:50.0

Republican state leaders accused the Biden administration of violating free speech protections

0:55.1

by pressing firms to take down posts that it said contained misinformation about COVID vaccines

1:00.7

and election fraud.

1:02.2

The court avoided ruling on the substance of the case,

1:04.4

finding instead that the parties did not have legal standing to sue. The Yen fell to

1:11.7

around 160 against the dollar, its weakest level in almost 40 years.

1:17.0

The currency has been falling because of the large gap in interest rates between Japan and America.

1:22.0

The Finance Ministry has spent tens of billions of dollars

1:24.8

this year to boost the yen, but there is little long-term relief in sight. In March, the Bank of Japan

1:30.3

raised rates by only a smidgen.

1:34.7

Amazon's market capitalization reached $2 trillion for the first time after its share

1:39.6

price rose by more than 3% during trading on Wednesday.

...

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