Feb 13, 2018

Report: U.S. motions to place Pakistan on terrorist-financing watchlist

Pakistan President Mamnoon Hussain. Photo by Lintao Zhang/Pool/Getty Images

The U.S. and the U.K. have tabled a motion to place Pakistan on a terrorist-financing watchlist kept by the Financial Action Task Force (FATF), a 37-member intergovernmental initiative that "sets global standards for fighting illicit finance," reports Reuters.

Why it matters: Pakistan fears that being put on the FATF watchlist will significantly harm its economy by raising barriers on foreign investments and borrowing in international debt markets. The Trump administration suspended about $2 billion in security aid to Pakistan in January, claiming the country has acted as a "safe haven" for terrorists.

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Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

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SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.