Page 8 - aruba-today-20190425

A8 WORLD NEWS
Thursday 25 april 2019
UK begins search for new Bank of England governor

By PAN PYLAS tor, is another strong candi-
Associated Press date with odds at 12 to 1.
LONDON (AP) — The British Looking further afield, the
government on Wednes- names mooted include
day started the process to Raghuram Rajan, a former
appoint the successor to Bank of India governor who
Mark Carney as governor according to Ladbrokes is
of the Bank of England, third favorite at 5 to 1. For-
and indicated it is willing to mer Fed Chair Janet Yellen
look abroad again to get has been identified as a
the right person. potential successor at 20 to
Carney, a Canadian who 1, while Christine Lagarde,
in July 2013 became the the International Monetary
first foreigner to head the Fund’s boss, is an outsider
Bank of England, is step- at 50 to 1.
ping down at the end of Hammond praised Carney
January 2020. for leading the Bank of Eng-
Carney has already de- land through a volatile pe-
layed his departure twice riod that saw Britain vote in
to deal with the aftermath 2016 to leave the EU.
of the country’s 2016 vote Britain was due to leave the
to leave the European EU in March but the failure
Union. The Treasury said his of Parliament to agree on
replacement should be an- European Central Bank (ECB) President Mario Draghi, right speaks with Bank of England Governor a Brexit withdrawal deal
nounced in the autumn. Mark Carney as they attends the International Monetary and Financial Committee (IMFC) means it has been delayed
Treasury chief Philip Ham- conference, at the World Bank/IMF Spring Meetings in Washington, Saturday, April 13, 2019. twice. Britain’s depar-
mond told a committee Associated Press ture date is now Oct. 31,
of lawmakers that his pref- well as having someone cording to the Ladbrokes There’s no shortage of po- though Brexit could hap-
erence is for Carney’s re- who can do a first-class job betting agency, Bailey is tential female candidates pen sooner if Prime Minister
placement to serve the at home we have someone favorite at 2 to 1 to get the for the top job. Minouche Theresa May gets her deal
usual eight-year term. who commands respect in job. Shafik, a former rate-setter approved. The departure
“Stability has a lot of value,” the international arena,” No woman has ever been at the bank and currently date could also be extend-
he said. he added. governor of the Bank of director at the London ed again.
Hammond said he was That suggests the search England, which was found- School of Economics, is Hammond said Carney’s
looking for a candidate will not just be confined to ed in 1694 and which has second-favorite at 5 to 1, “steady hand has helped
who knows his or her way the U.K. faced criticism for its lack according to Ladbrokes. steer the U.K. economy
around international orga- Among the domestic fig- of gender diversity and Shriti Vadera, the chair of through a challenging pe-
nizations, which will be im- ures mooted to replace the fact that female em- Santander’s U.K. bank arm, riod and we are now see-
portant when Britain leaves Carney is Andrew Bailey, ployees are paid almost 25 is 8 to 1 and Sharon White, ing stable, low inflation and
the EU. who heads the U.K.’s Finan- percent less than their male the chief executive of the the fastest wage growth in
“It’s very important that as cial Conduct Authority. Ac- counterparts. communications regula- over a decade.”q

New Zealand and France to call for an end to online terror

By NICK PERRY attack on Facebook after ernments and regulators
Associated Press mounting a camera on his to play a more active role
WELLINGTON, New Zealand helmet. The chilling 17-min- from in policing the inter-
(AP) — New Zealand Prime ute video was copied and net.
Minister Jacinda Ardern viewed widely on the inter- “As part of this, we have a
said Wednesday that she net even as tech compa- responsibility to keep peo-
and French President Em- nies scrambled to remove ple safe on our services,”
manuel Macron will host a it. Ardern said the shooter Zuckerberg wrote. “That
meeting in Paris next month had used social media in means deciding what
seeking to eliminate acts of an unprecedented way to counts as terrorist propa-
violent extremism and ter- promote an act of terrorism ganda, hate speech and
rorism from being shown and hate. She said nobody more. We continually re-
online. would argue that a terrorist view our policies with ex-
Ardern said she and Ma- had the right to livestream perts, but at our scale we’ll
cron will ask world leaders the murder of 50 people. always make mistakes and
and chief executives of New Zealand Prime Minister Jacinda Ardern speaks to media “No tech company, just like decisions that people dis-
technology companies to at her electorate office in Aukland, Wednesday, April 24, 2019. no government, wishes to agree with.”
agree to a pledge called Associated Press see violent extremism and Ardern said Macron had
the “Christchurch Call,” developed. She said she’d “This isn’t about freedom terrorism online,” Ardern played a leadership role
named after the New Zea- been talking with repre- of speech,” Ardern said. said. “And so we have a among the Group of Seven
land city where dozens sentatives from companies “It’s specifically focused on starting point that is one of major economies in trying
of people were killed in including Facebook, Twit- eradicating those extreme unity.” to eliminate online terrorism,
attacks on mosques last ter, Microsoft and Google acts of terrorism online.” In an opinion piece in and his role would comple-
month. along with world leaders The man accused of fatally the Washington Post last ment her experience from
Ardern didn’t release any and felt they could reach shooting 50 people in two month, Facebook founder the recent Christchurch at-
details of the pledge, say- consensus by keeping the Christchurch mosques on and chief executive Mark tacks when they co-chair
ing they were still being pledge tightly focused. March 15 livestreamed the Zuckerberg called for gov- the May 15 meeting.q