North America

Price cap for Russian oil reshapes basic free market principles — Russian embassy

WASHINGTON, December 3. /TASS/: The price cap for Russian oil, introduced by the United States and its partners, means in practice that the basic principles of the free market are being reshaped, the Russian embassy to the United States said in a statement.

US adds Cuba, Nicaragua, Wagner Group to religious freedom blacklist

WASHINGTON, Dec 3 (NNN-AGENCIES) — The United States added Latin American adversaries Cuba and Nicaragua as well as Russia’s Wagner Group to a blacklist on international religious freedom, opening the path to potential sanctions.

Secretary of State Antony Blinken said the Wagner Group was being designated due to involvement in abuses in the Central African Republic, where nearly a decade of bloodshed has had religious overtones.

“The United States will not stand by in the face of these abuses,” Blinken said in a statement.

Archegos' Bill Hwang says prosecutor misconduct justifies indictment's dismissal

NEW YORK, Dec 3 (Reuters) - Bill Hwang is seeking the dismissal of his U.S. fraud indictment over the collapse of his once-$36 billion Archegos Capital Management LP, saying prosecutors committed misconduct by sandbagging him when building their case.

Hwang made the request in a Friday night filing in Manhattan federal court, where he has pleaded not guilty to fraud and racketeering conspiracy charges over Archegos' March 2021 demise.

El Salvador deploys 10,000 troops to gang-run capital suburb

SAN SALVADOR, Dec 3 (Reuters) - El Salvador's President Nayib Bukele announced Saturday the deployment of 10,000 security forces to a suburb of San Salvador known to be a stronghold for gangs.

The move is the latest escalation in a crusade against gang violence that began in March, which human rights groups say has been marred by unjustified detentions.

UN Security Council slams attack on Pakistani embassy in Afghanistan

UNITED NATIONS, Dec. 2 (Xinhua) -- UN Security Council on Friday condemned "in the strongest terms" what it called a "terrorist attack" on the Pakistani embassy in Afghanistan, while stressing the principle of the inviolability of diplomatic premises.

Pakistani ambassador to Afghanistan has survived unscathed a gun attack by unknown armed men at the entrance of the embassy in Afghan capital Kabul, and a security guard of the embassy was injured, Afghan local media reported earlier Friday.

Molten lava on Hawaii’s Big Island could block main highway

HILO, Hawaii (AP) — Many people on the Big Island of Hawaii are bracing for major upheaval if lava from Mauna Loa volcano slides across a key highway and blocks the quickest route connecting two sides of the island.

The molten rock could make the road impassable and force drivers to find alternate coastal routes in the north and south. That could add hours to commute times, doctor’s visits and freight truck deliveries.

Defeated election conspiracists seek to lead Michigan GOP

LANSING, Mich. (AP) — The Republicans who lost their races for Michigan’s top three statewide offices after promoting falsehoods about the 2020 presidential election are not planning to go quietly.

Two of the candidates who denied President Joe Biden’s victory in the state have announced plans to run for the position that leads the state GOP, while the third has said she is considering a challenge for the top post.

Iowa caucuses, built on myth, lose place at head of the line

DES MOINES, Iowa (AP) — The Hy-Vee Hall ballroom in Des Moines erupted in cheers in 2008 when the youthful Illinois senator hinted at the improbable possibility of the feat ahead: “Our time for change has come!”

That Iowa, an overwhelmingly white state, would propel Barack Obama’s rise to become America’s first Black president seemed to ratify its first-in-the-nation position in the presidential nominating process.

But in the half-century arc of the state’s quirky caucuses, Obama’s victory proved to be an outlier. All other Democratic winners turned out to be also-rans.

Oil price cap on Russian oil will benefit emerging markets, help constrain Putin’s finances: US

Washington, Dec 3 (PTI) The US has welcomed the USD 60-per-barrel price cap on Russian oil, describing it as an “important tool” that will benefit emerging markets and low-income economies and further cripple President Vladimir Putin’s finances used to fund his “brutal invasion” on Ukraine.

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