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Everybody would be very poor because of me if….Trump

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US President Donald Trump has responded to speculation that he might be impeached by warning that any such move would damage the economy.

In an interview with Fox & Friends, he said the market would crash and “everybody would be very poor”.

He was speaking after Michael Cohen, his ex-lawyer, pleaded guilty to violating election laws and said he had been directed to do so by Trump.

Mr Trump has rarely spoken about the prospect of being impeached.

Correspondents say it is unlikely Trump’s opponents would try to impeach him before November’s mid-term elections.

“I don’t know how you can impeach somebody who’s done a great job,” Trump told Fox and Friends.

“I tell you what, if I ever got impeached, I think the market would crash, I think everybody would be very poor.”

Pointing to his head, he said: “Because without this thinking, you would see numbers that you wouldn’t believe in reverse.”

Cohen says he handled hush money payments to two women during the 2016 presidential campaign.

Read Also: US police say they found 11 starving children ‘looking like Third World refugees’

The two women, thought to be porn star Stormy Daniels and former Playboy model Karen McDougal, both claimed they had affairs with Trump.

Under oath, Cohen said he had paid the money “at the direction” of Mr Trump, “for the principal purpose of influencing the election”.

However, Trump insisted the two payments had not broken election campaign rules.

He said that the payments had come from him personally, not from the campaign, but he had not known about them until “later on”.

In July, Cohen released audio tapes of him and Trump allegedly discussing one of the payments before the election.

The president also accused Cohen of making up stories to receive a lighter sentence.

He added: “And by the way, he pled to two counts that aren’t a crime, which nobody understands.

The hush money payments were not reported to the Federal Election Commission during the campaign.

The question is whether the payments were made to protect Trump’s personal reputation or to protect his image as a presidential candidate.

Under US election rules, any payments made with the aim of influencing a vote must be reported.

Musings From Abroad

CLIMATE CHANGE: Germany to sign climate protection contracts with industries

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As the cry towards a green environment intensifies amidst the increasing effects of climate change, Germany is taking a lead in the climate renewal agenda as it is set to sign climate protection contracts with industrial companies next year.

The Economy Minister, Robert Habeck revealed on Sunday that the agreement will support a transition towards cleaner production and a switch to hydrogen.

Habeck was quoted as saying by Funke media group that  “the aim is to efficiently develop a green industry along the value chain that becomes marketable.”

Reports emerged during the week that Germany was planning to award companies in energy-intensive industries including chemicals and steel 15-year subsidy arrangements that he called climate protection contracts, in return for reducing carbon emissions in their production.

Recall that several world leaders last month, converged in Cairo, the capital of Egypt for the United Nations COP27 Climate Summit, over talks on the “need to deepen cuts in emissions and financially back developing countries already devastated by the effects of rising temperatures.”

According to UNFCCC, the most recent seven years, from 2015 to 2021 were the warmest on record. The 2018–2022 global mean temperature average is estimated to be 1.17 ± 0.13 °C above the 1850–1900 average.

Africa seems to be feeling the heat more as countries across the continent’s East and West have suffered devasting drought and floods beyond what used to be the usual climate pattern.

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Musings From Abroad

Swiss firm, ABB, gets $4.3 million fine over bribery case in South Africa

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Judicial authority in Switzerland has fined engineering and technology group ABB, the sum of 4 million Swiss francs ($4.3 million) in connection with a bribery case in South Africa.

According to the country’s Attorney General, the fine on ABB is for “not having taken all necessary and reasonable organisational provisions in order to prevent bribery payments to foreign officials in South Africa”.

The group was found guilty of improper payments and other compliance issues at the Kusile power station after a wide-scale investigation into state corruption concluded in June 2022.

Earlier in the week, ABB and South Africa’s National Prosecuting Authority (NPA) agreed that the company will pay reparations for its involvement in state corruption.

According to a statement by the NPA, the company agreed to pay 2.5 billion rands ($144.51 million) in punitive reparations to South Africa within 60 days from the first day of December.

The reparation is in addition to 1.6 billion rand ($92.48 million)the company paid back to South African state power utility Eskom in 2020.

The Central Europe country has been fingered in lots of corruption cases involving African countries.

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