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Added on the 06/05/2016 20:04:20 - Copyright : Reuters EN
U.S. President Barack Obama says the time is right to tax oil and use the money to invest in renewable energy sources. Rough Cut (no reporter narration)
Hundreds of tractors block streets around the EU's headquarters in Brussels as ministers met to seek ways to streamline farming rules and red tape that have fuelled protests around the bloc. IMAGES
The Bank of England announces it will hold its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats. The BoE had already kept its rate steady at the central bank's previous monetary policy meeting in September, snapping a streak of 14 hikes in a row. But Governor Andrew Bailey says it is "much too early" to think about cutting rates. IMAGES
Following a gathering of protesters at a rally organised by opposition leader Raila Odinga, police in full riot gear have been deployed in the streets of Nairobi to disperse them, firing teargas into the crowd. Odinga's Azimio alliance called for anti-government protests over the impact of the new taxes on Kenyans already suffering from a severe cost-of-living crisis. IMAGES
President Biden is not currently planning to invoke the 14th Amendment to prevent a US debt default, the White House says, ruling out a constitutional solution to the current debt impasse. Invoking the 14th Amendment to the constitution, which some legal scholars argue would let the US Treasury ignore the debt limit, "is not going to fix the current problem we have right now," White House Press Secretary Karine Jean-Pierre told reporters. SOUNDBITE
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