Author: 5amResearch

  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…

Jet Airways, once a prominent player in the Indian aviation industry, is mired in prolonged uncertainty as its revival efforts face mounting obstacles. The airline’s air operator’s permit (AOP) or air operator’s certificate (AOC) is on the verge of expiration on May 19, dimming hopes of a successful turnaround this year, according to sources familiar with the matter. Jet Airways…

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…

KYIV, Ukraine (AP) — Russia launched cruise missiles at Ukraine’s capital and the Odesa region early Thursday, officials said, in an escalation ahead of a much-anticipated counteroffensive. Most of the missiles were shot down, and one death was reported from the attacks. Loud explosions were heard in Kyiv, and falling debris caused a fire in a non-residential building. It was…

Turkish Interior Minister Suleyman Soylu accused the US of using the western media to manipulate the outcome of the upcoming presidential and parliamentary elections in Turkiye. “The plan by the US intensifies actively. The reason of [the] Western media’s interference is the realization of the US’s plan,” Soylu told reporters. In the months leading up to the14 May elections, several…

As Cyprus braces for an almost inevitable new wave of sanctions to hit soon, the government conceded on Wednesday the effect on Cyprus’ services sector has been detrimental. The impact goes beyond just the service sectors. Scores of people have lost their jobs, and companies shut down, but more controversially – clients of sanctioned entities have also seen their bank…

BENGALURU – Deutsche Bank has agreed to pay US$75 million (S$100.6 million) to settle a proposed class-action lawsuit alleging the lender facilitated the late Jeffrey Epstein’s sex-trafficking ring, The Wall Street Journal reported late on Wednesday, citing lawyers who sued the bank on behalf of alleged victims.

The suit was filed in 2022 in New York by an anonymous woman on behalf of herself and other accusers, alleging Deutsche Bank did business with Epstein for five years knowing he was engaged in sex-trafficking activity, the report said.

Deutsche Bank did not immediately reply to a Reuters’ request for comment. REUTERS

SYDNEY – Air China has swamped an Australian flight school with a request for commercial pilots, a sudden demand that points to a looming rebound as the vast Chinese market resumes international travel. Air China had stopped sending its trainees to the Australian Airline Pilot Academy campus in regional Victoria state after the pandemic halted overseas travel in early 2020….

PARIS – A French appeals court on Wed nesday upheld a prison sentence of three years, including two suspended, against former president Nicolas Sarkozy for corruption and influence peddling. The court ruled he should serve one year in detention at home with an electronic bracelet and banned him from public office for three years. He had been found guilty over his…

WASHINGTON —Indian authorities have arrested Vivek Raghuvanshi, a defense journalist and longtime correspondent for Defense News, and accused him of espionage, according to reports in the Indian press. Raghuvanshi’s arrest drew a condemnation from Sightline Media Group, the publisher of Defense News and Military Times. “We call for the immediate release of freelance reporter Vivek Raghuvanshi following his arrest in…

  It turns out that if you fire basically all of the competent trust & safety people at your website, you end up with a site that is neither trustworthy, nor safe. We’ve spent months covering ways in which you cannot trust anything from Twitter or Elon Musk, and there have been some indications of real safety problems on the…

SAN FRANCISCO – Fallen US biotech star Elizabeth Holmes must begin serving prison time after a judge denied her latest request to remain free while appealing her fraud conviction. Holmes was sentenced to just over 11 years in prison for defrauding investors with her Silicon Valley start-up Theranos. She was scheduled to begin serving prison time on April 27, but…

Iran Press TV Lebanon’s Central Bank Governor Riad Salameh has slammed French prosecutors for issuing an arrest warrant against him, saying he would appeal against the decision. Salameh made the remarks in a statement on Tuesday, after an international arrest warrant was issued earlier in the day following his failure to appear before French prosecutors to be questioned on corruption…

President Joe Biden canceled his trips to Papua New Guinea and Australia next week to continue debt ceiling talks with congressional leaders that he held Tuesday at the White House. White House press secretary Karine Jean-Pierre said in a statement that the president would to return to Washington on Sunday, following the Group of Seven summit in Hiroshima, Japan, “in…