Jun 5, 2018

Ethiopia says it will accept peace deal with rival neighbor Eritrea

Prime Minister Abiy Ahmed. Photo: Zacharias Abubeker/AFP/Getty Images

Ethiopia says it will accept a peace agreement with Eritrea and bring an end to a deadly conflict between the two neighbors. Ethiopia’s new prime minister, Abiy Ahmed, has positioned himself as a reformer and vowed to achieve peace with Eritrea.

The backstory: The New York Times explains that "the countries fought a war from 1998 to 2000 over their border dispute, which left about 80,000 people dead. They signed a peace agreement in 2000, but the Ethiopians never accepted the findings of a boundary commission established by the agreement." Per the AP, Ethiopia also said today that it will "open up parts of state-owned enterprises in sectors such as energy, aviation and telecoms to private investment and others, such as railways and hotels, to full privatization."

Go deeper: The world's fastest growing economy, in one of its poorest nations.

Go deeper

Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 5 hours ago - Health

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.