The Governor of the Central Bank, Al-Siddiq Al-Kabir, objected to a proposal to assign financing for the settlement of debts of Libyan parties for the benefit of the Tunisian state to the National Oil Corporation.
Al-Kabir, in a letter to the head of the National Oil Corporation, considered this proposal a dangerous precedent that conflicts with the state’s financial law, and all principles of dealing with public finance, and constitutes a dangerous precedent that increases the Libyan financial situation.
Al-Kabir said that there is no meaning for the Oil Corporation to assume the duties of the Ministry of Finance, and there is no justification for excluding the Audit Bureau from performing its role.
Al-Kabir stressed that the Central Bank, as the state bank, is interested in ensuring compliance with what the Audit Bureau and the Ministry of Finance insist on, namely preserving sovereign revenues and depositing them in the Ministry of Finance’s account with the bank, so that the Ministry of Finance is responsible for paying all the obligations of the entities it is affiliated with, including the General Electricity and Lines Company. Libyan and African.
Al-Kabir pointed out that this mechanism was not the subject of discussion at the meeting held at the headquarters of the Central Bank of Libya at the end of last January.
Al-Kabeer added that the mechanism proposed by the institution, in addition to its violation of the law, does not find any acceptable justification, and will be an additional reason to further confuse the financial situation.
In December 2022, Dabaiba pledged to pay the debts owed by the Libyan state to Tunisia, amounting to $250 million.
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2024-05-02 07:26:42
Costly Consequences: Unruly United Passenger Faces $20K Fine for Flight Diversion
US News
By Allie Griffin
Published on May 1, 2024, at 10:41 p.m. ET
Unruly Passenger Ordered to Pay Over $20,000 to United Airlines
An incident involving an unruly and “physically aggressive” passenger on a United Airlines flight led to the pilot diverting the plane to Maine, resulting in the passenger being ordered to pay more than $20,000 to the airline.
Alexander Michael Dominic MacDonald, a 30-year-old from England, was instructed to pay $20,638 in restitution to United Airlines for his behavior on March 1. He had threatened to disrupt the flight, prompting a federal judge to rule in favor of the airline.
Following his in-air outburst, MacDonald, who has been in custody since the incident, was sentenced to time served and will be deported back to the UK by US Immigration officers.
Incident Details
MacDonald’s disruptive behavior began when he was arguing loudly with his girlfriend on United Flight 883 from London’s Heathrow Airport. Despite being asked to calm down by the head flight attendant, he continued his disruptive behavior, leading to a confrontation with another flight attendant.
His behavior escalated to the point where he became verbally and physically aggressive towards the crew members. Despite attempts to calm him down, MacDonald’s behavior only worsened, culminating in threats to “mess up the plane.”
Ultimately, the decision was made to land the plane in Bangor, Maine, to remove MacDonald and ensure the safety of the crew and passengers. After the disruptive passenger and his girlfriend were taken off the plane by law enforcement, the flight resumed its journey to New Jersey.
Impact of Unruly Passengers
Reports of unruly passengers have seen a significant increase, with nearly 6,000 incidents reported in 2021 following the lifting of pandemic-era travel restrictions. While the numbers have decreased since then, they remain higher than pre-pandemic levels, with 2,075 incidents reported last year and 649 so far in 2024.
It is crucial for airlines to address and manage such incidents effectively to ensure the safety and security of all passengers and crew members.
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Costly Consequences: Unruly United Passenger Faces $20K Fine for Flight Diversion
OECD Raises Korea’s Economic Growth Forecast to 2.6%
ⓒ News1 DB The Organization for Economic Co-operation and Development (OECD) presented Korea’s growth rate this year at 2.6%, 0.4 percentage points higher than the previous forecast.
According to the Ministry of Strategy and Finance on the 2nd, the OECD published the ‘OECD Economic Outlook’ with the following content this morning (local time).
The OECD expects the Korean economy to grow by 2.6% this year. This is 0.4%c higher than the forecast in February (2.2%).
In particular, the Ministry of Strategy and Finance explains that the increase in the forecast is the second highest among the 20 large countries (G20) with a per capita income of more than $20,000, following the United States (0.5%c ).
(Provided by the Ministry of Strategy and Finance) The reasons for raising the forecast were the solid export flow and expectations of an interest rate cut expected in the second half of the year.
The OECD predicted that the Korean economy would escape a temporary soft zone and that growth is expected to strengthen.
In addition, it has been assessed that while exports will continue to thrive due to the recovery in demand for semiconductors, domestic demand, which was weak due to the effects of high interest rates and high inflation, will recover together with interest rate cuts in the second. half the year.
In terms of the future direction of our economy, we recommended structural reforms in finance, labor and pensions to respond to rapid ageing.
In particular, he proposed introducing fiscal rules, expanding the inflow of foreign workers, expanding youth employment, and reforming pensions taking into account retirement security and sustainability.
He also suggested that the dual structure of the labor market can be eased through innovation in product market regulations and simplifying support for small and medium-sized businesses, and that policies for work-family balance and efforts to respond to climate change are also needed. to strengthen them.
The OECD also predicted that Korea’s growth rate next year would be 2.2%, 0.1 percentage points higher than before.
An official from the Ministry of Strategy and Finance said, “The 2025 growth rate is also the highest among the G20 countries with a per capita income of more than $20,000, along with Australia, after Saudi Arabia.” “This means that the growth trend continues,” he said.
Annual consumer prices are expected to rise by 2.6% this year and 2.0% next year. This year’s level is 0.1%c lower than the previous forecast, and next year’s forecast is the same as the previous forecast.
The OECD predicted that this year’s global economic growth rate would be 3.1%, up 0.2 percentage points from the previous forecast.
At the same time, he said, although the United States and emerging countries show solid growth, growth in Europe has stagnated due to the result of the energy crisis, and that the speed of economic recovery varies by country.
(Sejong = News 1)
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