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EU eyes Belarus sanctions targeting sectors close to leader

BRUSSELS — European Union nations sketched out plans for new sanctions Thursday against Belarus that will target economic sectors close to its authoritarian president, as they sought to strike back at him for the forced diversion of a passenger jet to arrest a dissident journalist.

EU foreign ministers meeting in Lisbon vowed to continue to ramp up the pressure on Belarusian President Alexander Lukashenko — whose disdain for democratic norms and human rights has made his country a pariah in the West.

The latest plans for sanctions, which could target the country’s lucrative potassium industry among others, comes after Belarusian flight controllers instructed a Ryanair jetliner’s crew to land in the capital of Minsk on Sunday, citing a bomb threat. No bomb was found, but 26-year-old journalist and activist Raman Pratasevich was pulled off the plane and detained. EU leaders have denounced the move as a state-sponsored hijacking, while Lukashenko has defended his actions and accused the West of trying to “strangle” his country with sanctions.

The EU has already advised its airlines to avoid the ex-Soviet nation’s airspace and barred Belarusian carriers from EU airports and airspace. The 27-nation bloc has previously slammed Belarusian authorities with sanctions over the August election that handed Lukashenko a sixth term and that opposition groups have rejected as rigged as well as his ensuing crackdown on protests.

If the next batch of sanctions does not ease the crackdown on the opposition and democratic values, German Foreign minister Heiko Maas said the EU “will continue to look at what effects this has in Belarus, whether Lukashenko relents. If that isn’t the case we have to assume that this will be just the beginning of a big and long spiral of sanctions.”

The EU has tried on and off to encourage democratic reforms in Belarus, bring it closer to the bloc — and distance it from its main backer, Russia — but has not had much success. Some say more sanctions will do little to alleviate the situation and will only push Belarus even closer to Russia, and reduce the influence of the EU and others.

Austrian Foreign Minister Alexander Schallenberg acknowledged that it is a difficult balance.

“What we don’t want to do is to drive the country in the arms of Russia,” he said.

Luxembourg Jean Asselborn said the bloc was focused on the country’s large potassium industry. The mineral is mainly used in the fertilizing industry.

“The key word, I think, is potassium,” he said. “Belarus produces a great deal of potassium, is one of the world’s biggest suppliers. And I think it would hurt Lukashenko a great deal if we accomplished something there.”

The giant Belaruskali plant, controlled by the state as are most economic assets in the country of 9.3 million, is the main cash earner for Lukashenko’s government along with petrochemicals.

The EU foreign ministers will prepare proposals for the sanctions but will not make final decisions on Thursday.

Lukashenko has defended the move to tell the Ryanair flight to land in his country, maintaining his contention that there was a bomb threat against it. He called it an “absolute lie” that a fighter jet he scrambled forced the plane to land, saying it was merely.

He also insisted that Belarusian authorities had a legitimate right to arrest Pratasevich, who has become a top foe of Lukashenko, saying that the journalist was working to foment a “bloody rebellion.” Pratasevich’s Russian girlfriend, Sofia Sapega, was also arrested.

Pratasevich, who left Belarus in 2019, ran a popular messaging app that had a key role in helping organize huge protests in recent months that have put Lukashenko under unprecedented pressure at home in the wake of the August vote. But the strongman has only increased his crackdown, and more than 35,000 people have been arrested since the protests began, with thousands beaten.


Associated Press writers Vladimir Isachenkov in Moscow, Geir Moulson in Berlin and Barry Hatton in Lisbon contributed to this report.

4 tips for small-business owners paying down pandemic debt

After more than a year of navigating lockdowns, mandates and COVID-19 protocols, small-business owners are starting to see a light at the end of the tunnel. But the debt many needed to take on to weather the pandemic still casts an ominous shadow.

In 2020, 79% of small employer firms (up to 499 employees) reported having outstanding debt, up from 71% in 2019, according to a February 2021 report by the Federal Reserve Banks. Of the firms that applied for financing, 58% said they did so to cover operating expenses like rent and payroll, compared with 43% in 2019.

Paying down this pandemic debt can help business owners rebuild their companies. The following tips can help you eliminate your business debt faster, while saving money on costly interest in the process.

1. CREATE A DEBT REPAYMENT TIMELINE

Being strategic about your debt will help you pay it off more quickly, says Chris Woods, founder of LifePoint Financial Group, a financial planning firm in Alexandria, Virginia.

“People tend to just throw money at (debt). Maybe they’ll pay a little bit extra this month or that month,” Woods says. The better approach? Create a detailed repayment plan.

Take a full accounting of what you owe, including interest rates and repayment terms for any business loans or credit card debt you’ve accumulated. Note grace periods, deadlines and action items, such as applying for forgiveness if you received a Paycheck Protection Program loan.

Then, set a reasonable (read: achievable) timeline to pay off your debts and start picking them off one by one. If you’re juggling multiple loans or credit cards, funnel any extra payments to the debt with the highest interest rate, says Zach Reece, owner and chief operating officer of Colony Roofers in Atlanta.

“This is your most expensive debt and you’ll get the highest cost savings from paying this debt down most aggressively,” notes Reece, who is also a certified public accountant.

2. FIND OPPORTUNITIES TO CUT EXPENSES, INCREASE REVENUE

“You can’t pay down debt with money you don’t have,” Reece says.

There are two ways to find more money: Trim your budget or boost your income.

To jumpstart your revenue, reexamine your business model and look for opportunities to reach more customers or expand your sales footprint. You can also take steps to front-load your cash flow. Renegotiate contracts to request payment upfront or offer incentives to customers who can pay six or 12 months in advance.

To cut expenses, scrutinize your budget. Look at things like advertising, subscriptions, professional memberships and even office space. What can you cancel, pause or downsize?

“Operating leaner will help you buffer downturns and create more cash flow so you have space to pay down that debt,” says Ken Alozie, managing director of Greenwood Capital Advisors in Washington, D.C.

3. CONSIDER REFINANCING, CONSOLIDATING

Make your debt less expensive by refinancing. Depending on your loan and business history, you may be able to access a better rate, a lower monthly payment or more favorable repayment terms. The same applies for any business credit card debt you accrued, Woods says.

“Look at opportunities to move that debt to another card or lender to have less interest accruing,” Woods says. “This is something everyone should look into, especially if you’ve been on time with your payments.”

Juggling multiple loans? Consolidate them into a single small-business loan, preferably with a lower interest rate and monthly payment. An added bonus: You’ll have just one payment to one lender.

4. TAP INTO FREE BUSINESS RESOURCES

Running a business can be all-consuming. Managing business debt can be, too. Doing both simultaneously? Something will likely give.

“A lot of (smaller businesses) are in survival mode and can forget that they’re managing a business and need to interact with clients and look for growth opportunities,” Alozie says.

Connect with your local Small Business Development Center or Community Development Corporation. You can also link up with a mentor through SCORE, a volunteer organization that offers free business mentorship.

These organizations keep tabs on developments — such as the many changes to PPP loans and rules — and send emails with tips, important deadlines and updates, freeing you up to focus on your business.

“Don’t feel like you need to do it by yourself. Plug into organizations that will help you stay on top of it,” says Alozie, who is also a certified business mentor with SCORE. “You’ll have more leverage, so you’re not out there on your own trying to keep up to date, while also trying to run a business out of the pandemic.”

______________________________

This column was provided to The Associated Press by the personal finance website NerdWallet. Kelsey Sheehy is a writer at NerdWallet. Email: ksheehy@nerdwallet.com. Twitter: @kelseylsheehy.

RELATED LINKS:

NerdWallet: 6 Ways to Manage Cash Flow for Your Business http://bit.ly/NerdWallet-manage-6-ways

Small Business Development Centers https://americassbdc.org/

SCORE https://www.score.org/

Egypt president in Djibouti to forge ties amid Nile dispute

CAIRO — The Egyptian president was in Djibouti on Thursday for talks with his counterpart there as part of Egyptian diplomatic attempts to build more African alliances amid an ongoing water dispute with Ethiopia.

Abdel Fattah el-Sissi’s visit to the Horn of Africa nation is the first by an Egyptian president since Djibouti declared its independence in 1977. El-Sissi was also expected to discuss with Djibouti’s President Ismail Omar Guelleh bilateral relations — namely military and economic ties in this “historic visit,” according to a statement from the president’s office.

The visit comes amid mounting tension between Egypt and Sudan on one hand and Ethiopia on the other, over Ethiopia’s $4.6 billion Grand Ethiopian Renaissance Dam on the Blue Nile, a main tributary of the Nile River.

Egypt and Sudan fear that the Ethiopian reservoir would affect their water shares, especially in times of drought.

Amani el-Taweel, an expert on Africa at Egypt’s Al-Ahram Center for Political and Strategic Studies, said that a “rapprochement between Egypt and Djibouti is crucial” in order to “prevent Djibouti from taking Ethiopia’s side.”

“Lately, Egypt has been seeking to build good relations with all Nile Basin countries and countries overlooking the Red Sea,” she said. “Such two regions have to do with Egypt’s two most important national security issues, including the Nile River and the Suez Canal.”

Nile dispute talks with Ethiopia stalled in April; international and regional efforts have since tried to revive the negotiations without success.

In March, el-Sissi warned Egypt’s share of the Nile was “untouchable” and that there would be “instability that no one can imagine” if Ethiopia fills the reservoir without an international agreement.

Egypt and Sudan argue that Ethiopia’s plan to add 13.5 billion cubic meters of water in 2021 to the dam’s reservoir is a threat to them. Egypt has been seeking a legally binding agreement that would spell out how the dam is operated and filled, based on international law and norms governing cross-border rivers.

On Monday, President Joe Biden acknowledged Egypt’s concerns about access to Nile water and stressed his administration’s interest in reaching “a diplomatic resolution.”

Egypt relies on the Nile for more than 90% of its water supplies. Ethiopia says the $5 billion dam is essential, and that the vast majority of its population lacks electricity. Sudan wants Ethiopia to coordinate on the dam’s operation to protect its own power-generating dams on the Blue Nile.

The Blue Nile, the Nile main tributary, meets the White Nile in Khartoum, before winding northward through Egypt into the Mediterranean Sea.

Champions League prize money grows as UEFA sales rise 8%

MADRID — Champions League teams will get more prize money for the next three years from a near 8% rise in total revenue to 3.5 billion euros ($4.27 billion) from broadcast and sponsor sales tied to UEFA’s three club competitions.

Total revenue is set to rise by 250 million euros ($305 million) annually through 2024 compared to the 2018-21 period, the European Leagues group said Thursday in an online conference.

Champions League clubs will get a small increase while 235 million euros ($287 million) in prize money will be allocated to the Europa Conference League, a third-tier competition that launches next season.

The 32 Champions League clubs will share just over 2 billion euros ($2.44 billion), compared to 1.95 billion ($2.38 billion) each season from 2018-21. Small deductions are made from each club to help pay back broadcasters for disruption during the coronavirus pandemic last season.

Each Champions League club will get a basic fee of 15.64 million euros ($19.1 million), compared to 15.25 million euros ($18.6 million) in each of the past three seasons.

They get more from match results, advancing through each knockout round, a share of broadcast rights and as a reward for historical titles and success. The highest-earning club could get about 130 million euros ($160 million).

The Europa League was worth 560 million euros ($684 million) this season when there were 48 teams in the group stage.

From next season, the Europa League will pay out 465 million euros ($568 million) with 32 teams in the group stage. It is worth a combined 700 million euros (854 million) with the 32-team Europa Conference League.


More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports

Spanish league CEO: Super League ideas endure at clubs, FIFA

GENEVA — European club soccer still faces threats from leaders of the failed Super League project and the FIFA president, Spanish league CEO Javier Tebas claimed Thursday.

“The concept of the Super League hasn’t died,” Tebas warned club and league officials in an online meeting hosted by the 30-nation European Leagues group.

The Spanish official targeted presidents of the three Super League founders who refuse to renounce it — Real Madrid, Barcelona and Juventus — and FIFA president Gianni Infantino, who acknowledged last week he had talked to clubs about new ideas.

Infantino should have informed Champions League organizer UEFA instead of keeping the talks secret, insisted Tebas, who now represents leagues on the European soccer body’s executive committee.

“The danger is not just the words of these big clubs that failed, it’s also the words of the president of FIFA,” Tebas said in translated comments.

The Super League project was announced last month by 12 founding clubs, including six from England, but it then collapsed within 48 hours amid a fierce backlash from fans and threats of legislation from the British government.

Had the breakaway succeeded, domestic leagues in Europe would have lost relevance and revenue.

Even UEFA-approved changes to the Champions League taking effect in 2024, with up to four extra games for each team, put pressure on domestic league schedules in the congested fixture calendar.

Tebas warned that FIFA’s delayed launch of an expanded 24-team Club World Cup and a feasibility study now looking at playing the World Cup every two years also threaten domestic leagues and clubs.

“These are studies that have an objective — we know what that is,” he said, suggesting they include cutting the size of national leagues. England, Spain and Italy have 20-team top divisions with lucrative broadcasting deals worldwide.

“We cannot move towards what they are taking about,” Tebas said. “It hasn’t finished with the failure of this Super League company.”

The La Liga chief executive said European soccer needed no lessons from Madrid president Florentino Pérez, Barcelona’s Joan Laporta and Juventus’ Andrea Agnelli.

“They think that we are totally naïve and stupid,” Tebas said, calling their clubs “complete failures.”

UEFA this week opened disciplinary cases against the three Super League holdouts who face being banned from the Champions League. The clubs have taken their case to a court in Madrid.


More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports

UK health chief defends virus record after Cummings attack

LONDON — Britain’s health minister on Thursday defended his handling of the coronavirus pandemic after a former top government aide alleged the government’s botched response had led to tens of thousands of needless deaths.

Health Secretary Matt Hancock hit back after Dominic Cummings singled him out for criticism in an excoriating attack on the government.

In testimony to lawmakers on Wednesday, Cummings accused Hancock of lying to the public and said he “should have been fired” for mistakes including testing failures that saw patients with the virus discharged from hospitals to nursing homes. Thousands of people died with COVID-19 in British care homes in the first months of the outbreak.

Hancock said “the unsubstantiated allegations around honesty are not true.”

“I have been straight with people in public and in private throughout,” he told legislators in the House of Commons. “Every day since I began working on the response to this pandemic last January, I’ve got up each morning and asked: ‘What must I do to protect life?”

Cummings, who left his job as Prime Minister Boris Johnson’s top adviser in November, claimed the government’s slow and chaotic initial response, and Johnson’s failure to learn from mistakes, meant that tens of thousands of people had died unnecessarily.

He said Johnson was “unfit for the job” of prime minister.

Opposition Labour Party health spokesman Jonathan Ashworth said whether or not Cummings’ allegations were true, the government had questions to answer.

“These allegations from Cummings are either true, and if so the secretary of state (Hancock) potentially stands in breach of the ministerial code … or they are false and the prime minister brought a fantasist and a liar into the heart of Downing Street,” he said. “Which is it?”

The U.K. has recorded almost 128,000 coronavirus deaths, the highest toll in Europe, and experienced one of the world’s deepest recessions in 2020 as three successive lockdowns hobbled the economy.

A mass vaccination campaign that started in December has brought infections and fatalities down sharply, though Britain is now reckoning with a more transmissible new strain of the virus first identified in India. It is spreading across the country and scientists expect it to become the dominant variant in Britain, but they say existing vaccines appear to work against it.

The government says it will begin an independent public inquiry into its handling of the pandemic within the next year. Opposition politicians, and families who have lost loved ones to COVID-19, want it to start sooner.

EU calls on Iran to review sentencing of female activist

DUBAI, United Arab Emirates — The European Union on Thursday called on Iran to review a case of a prominent female human rights activist who was sentenced to 30 months in prison and 80 lashes on charges of protesting against the killing of protesters during the country’s 2019 unrest.

A spokesperson for the bloc urged Iran to look into the case of Narges Mohammadi under “applicable international human rights law and taking into account her deteriorating health condition.”

Earlier this week, Mohammadi confirmed her sentence in an Instagram post and said she does not “accept any of these sentences.”

“The recent sentencing of the Iranian human rights defender Mrs Narges Mohammadi to prison term and flogging is a worrying development,” the EU said.

In the post, Mohammadi said one of the charges against her is having a party and dancing in jail.

She was released from jail in October 2020, after serving eight and a half years in prison, after her initial, 10-year sentence was commuted. In that case, she was sentenced in Tehran’s Revolutionary Court on charges including planning crimes to harm the security of Iran, spreading propaganda against the government and forming and managing an illegal group.

Before imprisonment she also was vice-president of the banned Defenders of Human Rights Center in Iran.

Mohammadi has been close to Iranian Nobel Peace Prize laureate Shirin Ebadi, who founded tyhe center. Ebadi left Iran after the disputed re-election of then-President Mahmoud Ahmadinejad in 2009, which touched off unprecedented protests and harsh crackdowns by authorities.

In 2018, Mohammadi, an engineer and physic, was awarded the 2018 Andrei Sakharov Prize.

EU leaders express support for holding Tokyo Olympics

BRUSSELS — The European Union’s two top officials expressed support Thursday for holding the Tokyo Olympics despite growing opposition to the event in Japan because of the coronavirus pandemic.

European Commission President Ursula von der Leyen and European Council President Charles Michel discussed the games with Prime Minister Yoshihide Suga during a virtual EU-Japan summit.

“He told us that he is engaged with his country’s authorities to take all necessary precautionary measures,” Michel said after the talks.

Initially planned last year, the Tokyo Olympics have been delayed by a year because of the pandemic. The are scheduled to open on July 23.

In the meeting’s joint statement, leaders said they support the holding of the rescheduled Olympics “in a safe and secure manner this summer as a symbol of global unity in defeating COVID-19.”

With only a tiny percentage of Japanese people now vaccinated, public opinion polls in the country show between 60-80% want the Olympics canceled, and an online petition asking for the games be canceled has gained 400,000 signatures in a few weeks. Tokyo, Osaka and other regions of the country are under a state of emergency that is likely to be extended past its May 31 expiration.

Organizers and the IOC, often citing the authority of the World Health Organization, say the games can be held safely with 15,000 Olympic and Paralympic athletes entering Japan, joined by tens of thousands of judges, officials, sponsors, broadcasters and media. Fans from abroad have already been banned, and organizers are to announce next month if any fans at all will be allowed into Olympic venues.

“We have of course said we are looking forward to the Olympic Games,” von der Leyen said. “The signal that, from the European Union, more than 100 million doses of vaccines have been authorized to be exported to Japan also is a strong sign that we support any preparation for the Olympic Games, and the safety of these games.”


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European privacy groups challenge facial scan firm Clearview

LONDON — Privacy campaign groups filed legal complaints Thursday with European regulators against Clearview AI, alleging the facial recognition technology it provides to law enforcement agencies and businesses breaches stringent European Union privacy rules.

Four privacy campaign groups complained to data protection authorities in France, Austria, Greece, Italy and the U.K. about Clearview’s practices. They say the company stockpiled biometric data on more than 3 billion people without their knowledge or permission by “scraping” their images from websites.

The complaints say Clearview didn’t have any legal basis to collect and process this data under the European Union’s General Data Protection Regulation, which covers facial image data. Britain adopted its own version of the EU privacy rules after it left the bloc.

New York-based Clearview didn’t respond immediately to a request for comment.

News of Clearview’s stockpile, first reported by The New York Times, raised concerns that the type of surveillance seen in China could happen in Western democracies.

Privacy International said European data protection laws clearly outline the purposes for which companies can use personal data.

“Extracting our unique facial features or even sharing them with the police and other companies goes far beyond what we could ever expect as online users,” said Ioannis Kouvakas, London-based Privacy International’s legal officer.

Italy’s Hermes Center for Transparency and Digital Human Rights, Greece’s Homo Digitalis and Austria’s noyb were also part of the challenge.

Clearview is already facing global scrutiny.

American civil liberties activists filed a similar legal challenge in March that sought to bar Clearview from collecting biometric information in California and force it to delete data on Californians collected from sites including Facebook, Twitter, Google and Venmo.

Meanwhile, privacy watchdogs in Britain, Australia and Canada have opened investigations into the company.

Clearview’s CEO Hoan Ton-That has said the company’s database is compiled with publicly available photos from the open web and can’t be used for surveillance.

Real Madrid says Zidane stepping down as team’s coach

MADRID — Zinedine Zidane is stepping down as Real Madrid coach, again.

The club said Thursday the Frenchman is leaving his job, four days after a season in which Madrid failed to win a title for the first time in more than a decade.

“Zidane is one of the great myths of Real Madrid and his legend goes beyond what he has been as a coach and player of our club,” Madrid said in a statement.

Zidane had a contract through June 2022.

Zidane left the club for the first time after leading Madrid to one of its most successful runs from 2016-2018, with three consecutive Champions League titles. In his two years and five months in charge, Madrid won a total of nine trophies, including two Club World Cups, two UEFA Super Cups, one Spanish league and one Spanish Super Cup.

He only won the league title once and a Spanish Super Cup in his second stint.

He quit the first time less than a week after leading the team to its third straight Champions League title, saying it was time for a change and that he didn’t see it clearly that the club would keep winning with him in charge.

Zidane had been dismissing talks about his future recently, saying that he would discuss it with the club. He said he believed that Madrid could do well without him as coach.


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