Stock Markets
UK to deport migrants to Rwanda based on group agreed by Kigali, document shows
LONDON (Reuters) – The first asylum seekers to be deported from Britain to Rwanda will come from a group of 5,700 people that Kigali has agreed in principle to take, according to a British government document published on Monday.
Under a scheme that has divided political opinion in Britain, anyone who has arrived illegally after Jan. 1, 2022 is eligible to be deported to Rwanda. More than 50,000 people have arrived since that date, official figures show.
Last week, Britain passed legislation that aims to override a UK Supreme Court ruling that the policy was unlawful by declaring that Rwanda must be treated as safe by judges and officials. British Prime Minister Rishi Sunak said he expected the first flights to take off in 10 to 12 weeks.
In the document that assesses the impact of the Migration and Economic Development Partnership with Rwanda, agreed between Britain and Rwanda, the Home Office (interior ministry) said the government had retained a cohort of people who had been told their asylum claims were inadmissible, and could be removed to Rwanda once the new law came into force.
“Of the 5,700 people Rwanda has in principle agreed to accept, 2,143 continue to report to the Home Office and can be located for detention,” the document said.
The British government says there is no overall cap for the numbers that could be deported under the five-year asylum deal, and Rwandan President Paul Kagame’s government said on Friday it would take as many migrants as Britain sends its way.
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Sunak believes his plan will stop people making the dangerous trip across the Channel from France by smashing the model of people smugglers, but critics say the policy is inhumane, and further court challenges are likely.
Last week, five migrants including a child, died attempting the crossing, while more than 7,000 have made the journey so far this year – the first time that figure had been reached by the end of April.
The Irish government has said the threat of being sent to Rwanda was causing migrants to head to Ireland from Britain, which London said showed the Rwandan scheme would work.
“The UK’s new deterrent is clearly working and having some impact already, an impact that will obviously increase as the first flights depart for Rwanda,” Britain’s Northern Ireland minister Chris Heaton-Harris said on Monday.
“Now the Rwanda Act has become law, we will begin the process of removing those identified for the first flight.”
Stock Markets
US anti-missile system in Israel used to intercept projectile from Yemen
(Reuters) – An advanced U.S. military anti-missile system was used in Israel to try to intercept a projectile for the first time since President Joe Biden placed the system in Israel in October, a source familiar with the matter told Reuters on Friday.
The THAAD, or Terminal High Altitude Area Defense system, was used to try to intercept a projectile from Yemen sometime during the last 24 hours, and an analysis would determine its success, said the source who spoke on condition of anonymity.
The Pentagon did not immediately respond to a request for comment.
Israel struck multiple targets linked to the Iran-aligned Houthi movement in Yemen on Thursday, including Sanaa International Airport, and Houthi media said at least six people were killed.
Houthis have repeatedly fired drones and missiles towards Israel in what they describe as acts of solidarity with Palestinians in the Gaza Strip.
In October, Biden placed the THAAD system, built by Lockheed Martin (NYSE:), in Israel along with about 100 U.S. soldiers to help defend the country.
THAAD is a critical part of the U.S. military’s layered air defense systems and added to Israel’s already formidable anti-missile defenses.
Stock Markets
Senate intelligence panel criticizes CIA response to Havana syndrome
(Reuters) – A bipartisan Senate Intelligence Committee report published on Friday criticized the CIA’s response to so-called Havana syndrome health problems among its workforce, saying many individuals “faced obstacles to timely and sufficient care.”
A declassified summary of the panel’s classified report also said the spy agency’s response “negatively affected” those who reported symptoms, leading to a “trust deficit” among some personnel.
While the CIA provided benefits and compensation to many of those reporting symptoms, the report said, the ease of accessing those programs has been inconsistent, affecting how the agency has been organized to deal with the matter.
Stock Markets
Saba capital management buys $826,865 in Pioneer Municipal High Income Fund stock
Following these transactions, Saba Capital now holds 4,057,625 shares of Pioneer Municipal High Income Fund, reflecting its continued confidence in the fund’s performance. The fund currently offers a 4.53% dividend yield and maintains a conservative beta of 0.67, indicating lower volatility compared to the broader market. This move underscores Saba Capital’s strategy to enhance its position in the municipal bond market through this investment. InvestingPro analysis reveals several additional key metrics and insights about MHI’s financial health and market position.
Following these transactions, Saba Capital now holds 4,057,625 shares of Pioneer Municipal High Income Fund, reflecting its continued confidence in the fund’s performance. The fund currently offers a 4.53% dividend yield and maintains a conservative beta of 0.67, indicating lower volatility compared to the broader market. This move underscores Saba Capital’s strategy to enhance its position in the municipal bond market through this investment. InvestingPro analysis reveals several additional key metrics and insights about MHI’s financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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