International
Trump stops enforcement of US law banning bribery of foreign officials
The United States of America President, Donald Trump signed an executive order on Monday directing the US justice department to stop prosecuting Americans accused of bribing foreign government officials to win business.
The new Trump’s order mandates the US attorney general, Pam Bondi, to pause prosecutions under the Foreign Corrupt Practices Act of 1977 until she issues revised enforcement guidance that promotes American competitiveness.
“Future FCPA investigations and enforcement actions will be governed by this new guidance and must be approved by the attorney general,” the document said.
In a further analysis of the development, according to the White House, the law puts US firms at a disadvantage to foreign competitors because they cannot engage in practices that are “common among international competitors, creating an uneven playing field.”
“American national security depends on America and its companies gaining strategic commercial advantages around the world, and President Trump is stopping excessive, unpredictable FCPA enforcement that makes American companies less competitive,” according to a copy of a White House factsheet cited by Reuters.
Meanwhile, the anti-corruption watchdog Transparency International said the FCPA made the United States a leader in addressing global corruption.
Reacting to the development in a statement, Gary Kalman, executive director of Transparency International US, said Trump’s executive order “diminishes— and could pave the way for completely eliminating— the crown jewel in the US’s fight against global corruption.”.
Recall that in the past weeks, Trump has signed several executive orders, including dismantling US Agency for International Development.
International
Kenya Gives Foreign Traders 90 Days to Formalise Status Amid Xenophobia Fears
The Kenyan government has given foreign nationals operating businesses in the country 90 days to regularise their immigration status, work permits, business registrations and licences, following remarks by President William Ruto that triggered panic in immigrant communities and fears of xenophobic violence.
State House Spokesperson Hussein Mohamed announced the “orderly regularisation exercise” on Tuesday, saying relevant government agencies would work with foreign embassies to facilitate compliance. “Every person conducting business in Kenya is required to comply with applicable immigration, work-permit, registration and licensing requirements,” Mohamed said. Requirements will be administered “fairly, consistently and without discrimination” during the period. After the 90 days, the rules will be enforced “firmly and strictly in accordance with the law and due process.”
The move comes after Ruto’s comments last week that foreigners should not operate as hawkers or run small shops, which were widely seen as responding to complaints from Kenyan traders about competition in the informal sector. The remarks sparked anxiety, particularly among Burundian nationals who dominate street vending in parts of Nairobi. Hundreds queued at the Burundi embassy seeking travel documents amid concerns of a crackdown and possible attacks similar to recent xenophobic violence in South Africa. There were reports of at least one shop attack and instances of harassment or intimidation.
Mohamed explicitly warned that no individual or group has authority to harass, intimidate, threaten or interfere with foreign nationals or their businesses, stressing that enforcement is the sole responsibility of authorised state agencies. “Legitimate concerns about economic opportunity can never justify discrimination, excuse lawlessness or sanction violence,” the statement said. Kenya would remain “an open, secure and welcoming country” while protecting opportunities for its citizens, especially in the micro and small-enterprise sector.
Citizens of East African Community countries are eligible for free work permits, though many have not completed formal registration. The government has also directed that the Local Content Bill currently before Parliament be expanded to create a clearer framework identifying activities that may be reserved for Kenyans while protecting the rights of foreigners lawfully entitled to work, invest or trade.
The 90-day window is intended to allow an orderly process rather than immediate closures, offering temporary relief to affected communities while signalling stricter future enforcement.
International
Global media leader Annecchino dies at 55
Widely recognised as a transformative figure in global media, he was known for his strategic vision, entrepreneurial drive and ability to steer major organisations through periods of sweeping change.
|•Raffaele Annecchino
Raffaele Annecchino, the former President and CEO of Paramount International has died at the age of 55.
Widely recognised as a transformative figure in global media, he was known for his strategic vision, entrepreneurial drive and ability to steer major organisations through periods of sweeping change.
His career spanned more than 25 years at Paramount and ViacomCBS, starting in a commercial role in Madrid before rising to lead the company’s international operations across Europe, the Middle East, Africa, Latin America and Asia.
As CEO of Paramount International, Annecchino oversaw the company’s pivot from broadcast to digital, spearheading the international rollout of Paramount+, the global expansion of Pluto TV, and the creation of the SkyShowtime joint venture with Comcast.
He also built long-standing partnerships with major industry players, including Sky, Canal+, MultiChoice and Viaplay, and helped grow networks such as MTV, Nickelodeon, BET and Channel 5 in the UK, while backing production hubs across Africa, Asia, Europe and Latin America.
International
Meet The highest paid world leader
Lawrence Wong will see an increase of 1.4 million Singapore dollars ($1.1m; £818,000) in his annual pay package. He has said he will donate this pay increase to charity over the next five years.
•Lawrence Wong / BBC
Singapore’s government says it will raise the annual salaries of its ministers and other office holders, including its prime minister who is the highest paid political leader in the world.
Lawrence Wong will see an increase of 1.4 million Singapore dollars ($1.1m; £818,000) in his annual pay package. He has said he will donate this pay increase to charity over the next five years.
Wong said that raising the pay of ministers was necessary to attract better talent.
The government has previously argued that paying ministers high salaries deters corruption.
But the move has attracted criticism in Singapore where there is deep concern about job security and the rising cost of living.
Even before his pay raise kicks in, Wong is still by far the highest paid world leader.
He currently receives an annual salary of S$2.2m and will now see his pay go up by more than 60% to S$3.6m ($2.8m).
Next is Hong Kong chief executive John Lee, who earns about $719,000, followed by Switzerland’s president Guy Parmelin with $606,000.
US president Donald Trump earns $400,000 a year, while British PM Andy Burnham takes in $230,000.
On Tuesday, Wong acknowledged that Singapore ministers’ salaries have attracted scrutiny given that they were much more than what most citizens earn. The median monthly income in the country is S$5,775.
(BBC)
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