Global News

[ad_1] At least 12 people died and an unspecified number were injured in a stampede at a soccer stadium in El Salvador, the Central American country's government said. According to international media reports, Alianza FC and Club Deportivo FAS were playing the second leg of their playoff quarter-final game at the Cuscatlan stadium in San Salvador, the country's capital, when play was suspended after a stampede broke out in the general section. The venue is one of the largest stadiums in Central America and has an official capacity of more than 44,000 fans. "The Salvadoran Football Federation deeply regrets the events that occurred at the Cuscatlan Stadium," the organization wrote on Twitter. "It also expresses solidarity with the relatives of those affected and deceased in this incident." The federation added that they would immediately request a report on the incident while also suspending the tournament after Saturday's events, calling for...

[ad_1] SAN SALVADOR: Bitcoin will remain legal tender in El Salvador during the second term of President Nayib Bukele , his vice president said on Wednesday. Days before an election Bukele is expected to handily win thanks to a draconian gang crackdown, Felix Ulloa - temporarily on leave to run for re-election with Bukele - doubled down on the Central American nation's adoption of the cryptocurrency as legal tender. The declaration comes after the International Monetary Fund (IMF) asked El Salvador to "reconsider" the measure during negotiations for a billion-dollar loan, Ulloa said. The government has no intention of reversing the decision, Ulloa said, adding that the recent announcement by the US Securities and Exchange Commission (SEC) to allow US-listed exchange-traded funds (ETFs) that track bitcoin only strengthened its resolve. A decade in the making, ETFs have been judged a game-changer for bitcoin, offering investors exposure to the world's larg...