News Headlines - 03 September 2018

▽Argentina unveils 'emergency' austerity measures, grain export taxes | Reuters

Argentine President Mauricio Macri on Monday announced new taxes on exports in the world’s third-biggest soy producer and steep cuts to spending in an “emergency” bid to balance next year’s budget, as his center-right government aims to persuade the IMF to speed up a $50 billion loan program.

▽Xi announces 60 billion USD of financing to Africa - Xinhua | English.news.cn

China will extend a total of 60 billion U.S. dollars of financing to Africa, Chinese President Xi Jinping announced Monday... Xi said in a keynote speech at the opening ceremony of the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC).
The financing includes 15 billion U.S. dollars of grants, interest-free loans and concessional loans, 20 billion U.S. dollars of credit lines, the setting up of a 10-billion-U.S. dollars special fund for development financing and a 5-billion-U.S. dollars special fund for financing imports from Africa. Chinese companies are also encouraged to make at least 10 billion U.S. dollars of investment in Africa in the next three years.

▽Myanmar court jails Reuters reporters for seven years in landmark secrets case | Reuters

A Myanmar judge on Monday found two Reuters journalists guilty of breaching a law on state secrets and jailed them for seven years, in a landmark case seen as a test of progress toward democracy in the Southeast Asian country.

▽Boy, 17, killed in police chase after mistaken identity report：The Asahi Shimbun

A 17-year-old boy mistakenly identified as a dangerous fugitive was killed after crashing his scooter during a police chase in Osaka’s Nishi Ward on the night of Aug. 30... The youth was mistaken for Junya Hida, a 30-year-old rape suspect who escaped from the detention facility of a police station in Tondabayashi, Osaka Prefecture, on the night of Aug. 12. Hida fled after breaking an acrylic partition separating him and his lawyer in the visitor’s room following their meeting.

▽U2 cancel concert in Berlin after Bono loses his voice | The Guardian

The Irish band were playing in Berlin on Saturday but had to stop after only a few songs as their lead singer struggled on stage.
The band said in a statement: “We’re so sorry for tonight’s cancellation. Bono was in great form and great voice prior to the show, and we were all looking forward to the second night in Berlin, but after a few songs, he suffered a complete loss of voice. “We don’t know what has happened and we’re taking medical advice.