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People who violate the new security law in Hong Kong could be sent to mainland for trial (Photo: MSN)

Hongkongers could be extradited to China under new security law

Hong Kong delegate to top Chinese legislative body says people who violate the new security law in Hong Kong, especially those invovled in foreign elements could be sent to mainland for trial.

Earlier on Monday, Deng Zhonghua, the deputy head of China’s Hong Kong and Macau Affairs Office told a conference that “in very special circumstances” and in “very few cases”, China must have the power to exercise jurisdiction over offences in Hong Kong that “seriously endanger national security”.

The Chinese legislature on June 18 passed the National Security Law for Hong Kong despite protests from special zone residents and calls from some countries.

The Associated Press reported that the Chinese National Assembly Standing Committee had reviewed the bill, referring to certain crimes, including subversion of the state, local terrorism, and cooperation with foreign forces or foreign countries that are threatening the national security.

U.S. Supreme Court thwarts Trump’s push to end 'Dreamer' immigrant program

The US Supreme Court blocked the Trump’s administration from cancelling Obama-era protections against deportation for 700,000 immigrants - often called “Dreamers” - who entered the United States illegally as children on Thursday (DACA).

According to Financial Times, the court said the administration’s attempt in 2017 to rescind a ban on the “Dreamers” was “arbitrary and capricious”.

The court also ruled that chief Justice John Roberts, an appointee of George W Bush, who sided with the court’s four liberals in finding the Trump administration failed to follow proper administrative procedures when it sought to cancel Daca.

DACA recipients and their supporters celebrate outside the U.S. Supreme Court (Photo: Reuters)

The ruling means that about 649,000 immigrants, mostly but young people from Mexico and other Latin American countries under the DACA program will remain protected in the United States, won’t be deported and is entitled to re-granted work permits once every two years.

However, the ruling did not prevent Mr. Trump from finding another way to end the program.

Merkel warns of ‘permanent deep rift’ in Europe over COVID-19 response

German chancellor Angela Merkel called for solidarity and cooperation within the EU after lamenting early "nationalistic" approaches to the pandemic.

"Europe needs us as we need Europe," Merkel said. “It’s not just a historical project but one that "leads us into the future".

The chancellor calls on EU member states to "compromise" and expresses her hope for agreement among fellow European leaders for a COVID-19 recovery package by the summer recess.

Angela Merkel called for solidarity and cooperation within the EU (Photo: Lufkin Daily News)

There is a €750 billion fund on the table, including €500 billion in grants and €250 billion in loans to member states, which raises concerns among some EU capitals as it requires pooling debt with other countries.

Germany will take over the EU Council's rotating presidency from July 1 at a time when the EU faces "the greatest challenge in its history," Merkel said.

Prices Consolidate as the Dollar Rises Following Weak Claims Data

Gold prices continued to consolidate trading sideways again and declining slightly after attempting to move higher. The dollar moved higher which put downward pressure on the yellow metal. US yields moved lower, despite a larger than expected US jobless claims. Gold volatility, which is used to generate option premiums, declined for the 5^th consecutive day, which reflects the sideways price action of gold prices.

Gold prices continued to consolidate trading sideways again and declining slightly (Photo: VIR)

Gold prices continued to consolidate trading sideways again and declining slightly after attempting to move higher. The dollar moved higher which put downward pressure on the yellow metal. US yields moved lower, despite a larger than expected US jobless claims. Gold volatility, which is used to generate option premiums, declined for the 5^th consecutive day, which reflects the sideways price action of gold prices.

US jobless claims totaled 1.5 million last week, higher than the 1.3 million expected. The government report’s total was 58,000 lower than the previous week’s 1.56 million, which was revised up by 24,000. Continuing claims, or those who have been receiving unemployment benefits for at least two weeks, nudged lower to 20.5 million, a decline of 62,000 from the previous week. The total of those receiving benefits was 29.1 million as of May 30. That was a decrease of 375,522 from the previous week, according to FX Empire.

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