Saudi Arabia to host China-Arab summit during Xi visit
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News Date: November 30, 2022
Saudi Arabia plans to host a Chinese-Arab summit on Dec. 9 attended by Chinese President Xi Jinping during his visit to the kingdom, three Arab diplomats in the region familiar with the plans said on Wednesday.
Sources: reuters.com
Satellite Communications transferred to Space Force
Space Force Takes Over All Military Satellite Communications.The Army transferred some of its satellite operations to the Space Force on Monday, marking the latest move to reorganize and grow the youngest military branch.
This historic transfer from the Army to the Space Force will mark the first time all Department of Defense military satellite communication functions have been consolidated under single military service.
Sources: military.com
The largest Tax Relief Package in Florida
Florida governor announces new Florida tax holidays and exemptions.Ron DeSantis Signed the Largest Tax Relief Package in Florida History.
Florida tax relief bill focuses on saving money for families with young children.
The tax relief bill will save Floridians an estimated $1.1 billion.
Sources: fox35orlando.com
ISO 20022 migration. The Ripple effect strikes the Pound
Ripple Joins the Digital Pound Foundation: Designing a Path for a CBDC-Forward Future.Ripple is excited to announce it is joining the Digital Pound Foundation, a non-profit focused on the development and implementation of a digital Pound in the United Kingdom.
ISO 20022 promises greater interoperability between various settlement networks, richer information flows, higher levels of straight-through processing, and more efficient compliance processes.
It signals a significant opportunity for banks to improve operational efficiency and reassess existing business models.
ISO 20022 has already been introduced for high-value payments systems (HVPS) in major countries and is established as the standard in instant payments markets following implementations worldwide.
Sources: ripple.com, www.sibos.com
New Defense Secretary on quick removal of US troops in Afghanistan
New acting Defense Secretary Christopher Miller has hired a senior adviser that has frequently pressed for the quick removal of U.S. troops in Afghanistan, the Defense Department confirmed on Wednesday.Sources: thehill.com
World Bank President:China needs to participate in debt relief
World Bank President David Malpass said that the Chinese government and its creditors need to participate in coordinated efforts to provide debt relief to the world's poorest countries, as China has become a major creditor to the developing countries of the world.Source:finance.yahoo.com