Author: 5amResearch

French prosecutors have issued an arrest warrant for Lebanon’s Central Bank Governor Riad Salameh, Arab News reported on 16 May. The warrant comes after Salameh failed to attend a court hearing in Paris. Prosecutors intended to press preliminary fraud charges, court documents and two sources said. Salameh has attempted to avoid arrest and has failed to show up for court…

NEW YORK – When Ms Raegan Zelaya and Mr Shua Wilmot decided to include their pronouns at the end of their work e-mails, they thought they were doing a good thing: following what they viewed as an emerging professional standard and also sending a message of inclusivity at the Christian university where they worked. But their bosses at Houghton University,…

WASHINGTON – The United States on Friday announced sanctions on more than 300 targets as Group of Seven leaders met in Japan, aiming to punish Russia for its invasion of Ukraine and intensifying one of the harshest sanctions efforts ever implemented. The move, which targets Russia’s sanctions evasion, future energy revenues and military-industrial supply chains, marks the latest sanctions and…

LONDON – Tesco chairman John Allan will step down at the group’s annual shareholders’ meeting next month, with Britain’s biggest retailer saying claims of inappropriate behaviour against him risked becoming a distraction to the business. One of Britain’s highest-profile corporate names, Mr Allan, 74, is often featured in British media commenting on retail and general business matters. He has chaired…

MOSCOW – Russia has issued an arrest warrant for the International Criminal Court (ICC) prosecutor who in March prepared a warrant for President Vladimir Putin on war crimes charges, Russian media reported on Friday. The British prosecutor, Karim Khan, was added to the Interior Ministry’s wanted list, state-owned news agency TASS said, citing the ministry’s database. Moscow opened cases against…

LONDON – Britain on Friday published plans to ban imports of Russian diamonds, copper, aluminium and nickel and slap a new wave of sanctions against Russia, targeting companies connected to the alleged theft of Ukrainian grain. Along with the United States, Britain and other Group of Seven (G-7) major economies are set to unveil sanctions and export controls targeting Russia…

GENEVA – Rising temperatures are making it increasingly difficult to reach global health goals. There is a risk of more than nine million climate-related deaths each year by the end of the century, according to the World Health Organisation (WHO). “All aspects of health are affected by climate change – from clean air, water and soil to food systems and…

SINGAPORE – Singapore sovereign wealth fund GIC has tied up with Brookfield India Real Estate Investment Trust (Reit) to acquire two prime commercial real estate assets in India for a combined enterprise value of around US$1.4 billion (S$1.89 billion). The assets, to be acquired from Brookfield Asset Management’s private real estate funds, have a total area of 6.5 million square…

Thales, a French multinational defence firm, is now facing a bribery probe from French prosecutors over allegations related to a contract to modernise the Indian Air Force’s (IAF) Dassault Mirage 2000 planes. Sanjay Bhandari, who claims to have assisted Thales in winning the $2.5 billion contract in 2011, has made the accusations, with the focus of the investigation on whether…

New developments: Air raid alerts were declared throughout Ukraine early Friday, with some areas reporting explosions. The U.S. overcounted the total of U.S. military aid provided to Ukraine by about $3 billion, a senior defense official and a military official said. Ukrainian Foreign Minister Dmytro Kuleba discussed “ways to stop Russian aggression” in talks with Chinese envoy Li Hui, Ukraine…

BEIJING – China is considering transferring government ownership in the nation’s biggest bad debt managers to a unit of its sovereign wealth fund as part of a financial regulatory regime overhaul, according to people familiar with the matter. Under the current proposal, the Ministry of Finance will move its stakes in China Cinda Asset Management, China Great Wall Asset Management…

KYIV, Ukraine — Russia fired 30 cruise missiles against different parts of Ukraine early Thursday in the latest nighttime test of Ukrainian air defenses, which shot down 29 of them, officials said. One person was killed and two were wounded by a Russian missile that got through and struck an industrial building in the southern region of Odesa, according to…

  WASHINGTON – The Pentagon overestimated the value of the ammunition, missiles and other equipment it sent to Ukraine by around US$3 billion (S$4.05 billion), a Senate aide and a defense official said on Thursday, an error that may lead the way for more weapons being sent to Kyiv for its defense against Russian forces. The error was the result…

  LONDON – Ukraine has rejected a Chinese suggestion to consider an immediate ceasefire in the country’s war with Russia. In a statement issued on Wednesday after a day of closed-door meetings with Ambassador Li Hui, China’s special mediator in the conflict, Ukrainian Foreign Minister Dmytro Kuleba said: “Ukraine does not accept any proposals that would involve the loss of…

LONDON – Governments are increasingly focusing on health risks fuelled by global warming, with most nations now considering concerns from malaria to heart disease in their climate plans, according to data shared exclusively by the World Health Organisation (WHO). More than 90 per cent of countries have included health hazards in their commitments to tackle climate change, known as nationally…

The world’s largest cryptocurrency exchange has been kicked off a major Australian payments service and banned by big four bank Westpac, with customers suddenly unable to deposit or withdraw funds from the platform. Binance Australia – the local arm of the $6.7 billion crypto exchange Binance – told customers on Thursday afternoon they would no longer be able to deposit…