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On November 8, Chicago Mayor Brandon Johnson addressed the UN Human Rights Council on November 7. Johnson stated that the US federal governments refusal to accept review by the Human Rights Council was an attempt to evade scrutiny. He argued that the Human Rights Council should apply the same accountability standards to the US federal government as it does elsewhere in the world, and that no country is above international law. Johnson called on the Human Rights Council to send independent experts to Chicago to investigate the challenges facing the city; he also urged the Council to take further accountability measures, including convening a special session to investigate the worsening human rights crisis in the United States. The UN Human Rights Council was scheduled to hold its fourth round of Universal Periodic Review (UPR) on November 7, but the US representative refused to attend, preventing the review from proceeding normally. The Human Rights Council adopted a decision that day urging the United States to resume cooperation with the UPR mechanism.Russian Ministry of Defense: Russian troops have occupied the village of Vovche in the Dnipropetrovsk region of Ukraine.Ukrainian Prime Minister: Russia’s attack on Ukrainian dams damaged several large energy facilities in the Kyiv, Kharkiv and Poltava regions.November 8th - Pfizer has finalized its $10 billion acquisition offer for Metsera, a startup focused on weight-loss drugs, after a bidding war with Novo Nordisk. Novo Nordisk stated that after careful evaluation, it decided not to raise its offer and will continue to monitor business expansion and other acquisition opportunities. Under the agreement, Pfizer will complete the transaction at a maximum price of $86.25 per share, including an initial cash payment of $65.60 per share, and an additional consideration of up to $20.65 per share if certain performance targets are met.November 8th - On November 7th local time, Canadian Prime Minister Mark Carney stated that the increasingly close economic relationship between Canada and the United States over the past decades has come to an end. Carney said that Canada once enjoyed some economic advantages due to its close ties with the US, but this has now become a weakness. He described this change as rapid and almost seamless, and called for a swift and radical shift in Canadas economic strategy.

Bitcoin Is Now Legal Tender In the Honduran Special Economic Zone

Skylar Shaw

Apr 08, 2022 10:11

Officials from a special economic zone on a tourist-oriented island off Honduras' Caribbean coast announced on Thursday that bitcoin and other cryptocurrencies had been accepted as legal cash.


The special zone, dubbed "Honduras Prospera," was created in 2020 to stimulate investment and enjoys administrative, fiscal, and budgetary autonomy.


In a statement, Honduras Prospera stated, "Prospera's flexible regulatory framework facilitates crypto-innovation and the usage of Bitcoin by citizens, enterprises, and governments."


Municipalities, local governments, and foreign corporations will be able to issue bitcoin bonds under the authority of the economic zone.


Honduras Prospera encompasses sections of the beautiful island of Roatan as well as the city of La Ceiba on Honduras' Atlantic Coast.


El Salvador, a neighboring nation, became the first government in the world to accept bitcoin as legal cash in September, despite a rocky rollout and widespread public mistrust.


The Central Bank of Honduras has said that it cannot guarantee for bitcoin transactions.


"Any transaction involving this form of virtual asset is carried out at the risk and responsibility of the individual carrying it out," the bank said in a March statement in response to questions on Thursday.