By Katy Migiro ADDIS ABABA (Thomson Reuters Foundation) - Talks between rich and poor countries in the Ethiopian capital, aimed at agreeing on the financing of the United Nations' bold new global development agenda, are on the brink of collapse, advocacy groups said on Wednesday. The G77 developing countries want the final document, due to be signed when the Financing For Development (FfD) conference closes on Thursday, to include the creation of a new U.N. tax body which they hope would set new global rules to stop tax dodging. The proposal is fiercely opposed by the rich members of the Organisation for Economic Cooperation and Development (OECD), which drew up the current tax rules. "Negotiations are on the brink of collapse," the European Network on Debt and Development said in a statement. "Rich country governments led by the U.S., the U.K. and Japan are jeopardizing the entire FfD agreement as they refuse to consider an inter-governmental tax body." Nearly $1 trillion in illicit finance - the fruits of tax evasion, crime and corruption - is estimated to leave poor countries each year, according to Global Financial Integrity, a policy research group. The G77 wants the current U.N. tax committee to be upgraded to a political body with more power and money and universal membership. A compromise proposal put forward by South Africa and the host nation, Ethiopia, was rejected on Wednesday morning, charities said. A draft of the proposal, seen by the Thomson Reuters Foundation, said the two nations invited the U.N. Economic and Social Council, to which the current U.N. tax committee reports, to finales proposals for upgrading it to "a universal body with equitable participation of developing countries" by 2016. The OECD said in a statement that it had supported inclusive processes. Its "Base Erosion and Profit Shifting" reform initiative, due to be finalised in November, includes 60 countries - the 34 OECD members plus G20 nations and 20 developing countries representing geographical regions, it said. "The discussion should not be about one body or another body, but rather making sure that it works for everybody," OECD Secretary-General Angel Gurría said. "Any progress we make on this work will accrue to the benefit of developing and developed countries alike." A successful outcome in Ethiopia is seen as crucial for building momentum towards signing the Sustainable Development Goals in New York in September, and for reaching a climate change agreement in Paris in December. "Failure to agree is not an option,” Save the Children's policy, advocacy and campaigns director Brendan Cox said in a statement. "Too much is at stake." (The story is refiled with ADDIS ABABA dateline) (Reporting by Katy Migiro, editing by Tim Pearce; Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers humanitarian news, women’s rights, corruption and climate change. Visit www.trust.org)
- Business Insider
Fed Chair Jerome Powell says the greatest risk to the US economic rebound is another wave of the coronavirus
Powell said the US economy is at an "inflection point" more than a year after the virus forced widespread lockdowns and business closures.
The ceremony is split over two days for the first time, with more winners to be revealed on Sunday.
- The State
The odds of winning the jackpot were 1-in-501,942, according to the South Carolina Education Lottery.
- Associated Press
La Soufriere volcano fired an enormous amount of ash and hot gas early Monday in the biggest explosive eruption yet since volcanic activity began on the eastern Caribbean island of St. Vincent late last week, with officials worried about the lives of those who have refused to evacuate. Experts called it a “huge explosion” that generated pyroclastic flows down the volcano’s south and southwest flanks. “It’s destroying everything in its path,” Erouscilla Joseph, director of the University of the West Indies’ Seismic Research Center, told The Associated Press.
Senate Minority Leader Mitch McConnell (R-Ky.), a longtime advocate of democracy in Myanmar, told Politico Monday the Biden administration is "trying to do the right thing" in responding to the Myanmar military coup.What he's saying: "On the domestic front, I have not yet witnessed something that I’ve been happy about," McConnell said. "But in this area, I think their instincts are good. I think they’re trying to do the right thing."Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeBetween the lines: President Biden has consulted McConnell on the U.S.' response to the takeover in Myanmar, which has led police and military to kill over 700 people since February, Politico reports. The Republican senator, an ally to Myanmar's democratically elected leader Aung San Suu Kyi, called on the Biden administration to address the coup at the United Nations Security Council to ensure international attention.“Our ability to influence this from halfway around the world is limited,” he said. “But we do have tools.”"The lion share of the burden is on the State Department and the administration," he added. "But in any way that congressional action needs to be a part of this: Count me in."A former top State Department official who used to work with McConnell's staff told Politico McConnell has been "frustrated at times that, on both sides of the aisle, the White House and the State Department hasn't always come up with effective Burma policies."The big picture: The Biden administration has meted out a number of sanctions on Myanmar military officials in response, suspending trade engagement and imposing export controls.But the violence hasn't abated in Myanmar. On Saturday, security forces killed at least 82 pro-democracy protesters, according to the Assistance Association for Political Prisoners monitoring group.Go deeper: UN envoy says "a bloodbath is imminent" in MyanmarMore from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free
- The Telegraph
Iran’s foreign minister on Monday vowed vengeance against Israel for an explosion a day earlier at the Natanz nuclear site that he blamed directly on Tehran’s arch enemy. “The Zionists want to take revenge because of our progress in the way to lift sanctions ... they have publicly said that they will not allow this. But we will take our revenge from the Zionists,” Foreign Minister Mohammad Javad Zarif was quoted as saying by state TV. Israel has all but claimed responsibility for the apparent sabotage operation that damaged the electricity grid at the Natanz site on Sunday, with multiple Israeli outlets reporting that Mossad carried out the operation, which is believed to have shut down entire sections of the facility. The sabotage could set back uranium enrichment at the facility by at least nine months, US officials briefed on the operation told the New York Times. Iran on Monday said the person who caused the power outage at one of the production halls at Natanz had been identified. "Necessary measures are being taken to arrest this person," the semi-official Nournews website reported, without giving further details.
- Associated Press
Hideki Matsuyama has delivered golf-mad Japan the grandest and greenest prize of all. A decade after Matsuyama made a sterling debut as the best amateur at Augusta National, he claimed the ultimate trophy with a victory in the Masters. Matsuyama becomes the first Japanese winner of a men's major championship.
- LA Times
Marcus Morris had 33 points and Paul George added 32 to lead the Clippers to a victory over Detroit that wasn't secured until a late push on defense.
A former Minneapolis police officer said he quit days before the Derek Chauvin trial because he thinks protesters will 'burn the city down' no matter the case's outcome
The former sergeant told Insider that he believed there would be rioting at the close of Chauvin's murder trial and that he feared getting killed.
A former Minneapolis police officer said Derek Chauvin violated protocol kneeling on George Floyd's neck, but he doesn't think the officer committed a crime
The former officer, who spoke with Insider on condition of anonymity, said he believed Floyd died of a drug overdose.
The Virginia police officer who was filmed pepper-spraying a uniformed Black Army officer after holding him at gunpoint has been fired
Gov. Ralph Northam of Virginia has also ordered an independent investigation into the traffic stop involving 2nd Lt. Caron Nazario.
- The Week
Virginia police officer fired after violent stop of Black Army officer. Governor calls for state investigation.
The town of Windsor, Virginia, said Sunday that one officer has been fired and another disciplined over an arrest in December that went viral on social media over the weekend. Virginia Gov. Ralph Northam (D) said earlier Sunday that video of the traffic stop, in which Army Lt. Caron Nazario was pepper-sprayed at gunpoint by two officers, "is disturbing and angered me," and he said he has directed the Virginia State Police to investigate the incident. Nazario, who is Black and Latino, is also suing the officers, Joe Gutierrez and Daniel Crocker, in federal court. Gutierrez and Crocker pulled Nazario over in Windsor on Dec. 5, 2020, because his brand new SUV did not have permanent license plates. At one point, Nazario, in his Army uniform, told the officers he was afraid to get out of the car, video from Nazario's cellphone and the officers' body cameras show. "Yeah, you should be," one of the officers responded. Gutierrez, who pepper-sprayed Nazario inside his car before arresting him, did not follow Windsor police procedures and was "terminated from his employment," the town of Windsor said in a statement. Nazario was released without charge. In a federal lawsuit filed April 2, Nazario argues excessive force by the officers violated his constitutional rights and says the officers threatened to end his military career if he spoke out about the arrest, The Washington Post reports. He is seeking at least $1 million in damages. Windsor, a town of about 2,600 about 30 miles west of Norfolk, "acknowledges the unfortunate events that transpired," and "department-wide requirements for additional training were implemented beginning in January and continue up to the present," Windsor officials said in a statement Sunday night. "The Town of Windsor prides itself in its small-town charm and the community-wide respect of its police department," the statement added. "Due to this, we are saddened for events like this to cast our community in a negative light." More stories from theweek.comTrump finally jumps the sharkYou should start a keyhole garden7 brutally funny cartoons about Mitch McConnell's corporate hypocrisy
- USA TODAY
A Windsor police officer accused of pepper-spraying a Black and Latino military officer and forcing him to the ground in December has been fired.
The Biden administration says it had no role in the explosion on Sunday at an Iranian uranium enrichment facility. Iran has blamed Israel and vowed to take revenge.Why it matters: The administration is attempting to negotiate a return to the 2015 Iran nuclear deal, with a second round of indirect talks set to start on Wednesday. The timing of the incident, along with several recent Israeli strikes on Iranian ships, could make Biden's diplomatic challenge more difficult.Get market news worthy of your time with Axios Markets. Subscribe for free.What they're saying: "We have seen reports of an incident at the Natanz enrichment facility in Iran. The United States had no involvement, and we have nothing to add to speculation about the causes," a senior Biden administration official said.Iranian Foreign Minister Javad Zarif blamed Israel for the explosion, which resulted in damage to centrifuges used to enrichment uranium. He said the incident would not affect the nuclear talks, but “we will take our revenge against the Zionists.”Ali Akbar Salehi, the head of Iran's atomic energy organization, denied a New York Times report that the explosion caused such severe damage that it will take 9 months to repair. Salehi said uranium enrichment continues and the damaged centrifuges will soon be replaced.Iranian media reported that the intelligence services were investigating the incident, and one arrest had already been made.Meanwhile, U.S. Secretary of Defense Lloyd Austin met this morning in Jerusalem with Prime Minister Benjamin Netanyahu. Speaking alongside Austin, Netanyahu stressed that Iran was the gravest threat in the region and that Israel would never allow Iran to obtain a nuclear weapon.Austin stressed the U.S. commitment to Israel's security but did not mention Iran. Like this article? Get more from Axios and subscribe to Axios Markets for free.
A 24-year-old student in Seoul died after a 'ghost surgeon' illegally performed jawline-altering surgery on him
Ghost surgery is illegal, but, as CNN found, the laws around it are weak - and the practice offers clinics a way to maximize their profits.
Prince William paid tribute to his 'extraordinary' grandfather Prince Philip, saying his life was 'defined by service'
Prince William's statement on Prince Philip's death was published on the Royal Family's website on Monday.
Insider asked "Fear TWD" co-showrunners Ian Goldberg and Andrew Chambliss if we could see Morgan back on the flagship series for its final season.
- Business Insider
People on the Caribbean island where a volcano went off are being evacuated on cruise ships - but not without a COVID-19 vaccine
The evacuees most have received a vaccination before they board the cruise ships, the prime minister has said.
- Business Insider
For Boehner, a jovial, backslapping politician who is known to publicly cry, McConnell's steely and to-the-point demeanor is quite a contrast.
A 911 dispatcher in Louisiana was arrested after authorities say she refused to return $1.2 million that was accidentally deposited into her account
According to a lawsuit filed last week says Charles Schwab mistakenly transferred the woman more than $1.2 million. It meant to transfer $82.56.