Author: 5amResearch
Air Raid Alerts Extended Throughout Ukraine
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 said. Air raid alerts were declared across Ukraine early on Friday, local time, with some areas reporting explosions. Ukraine’s military…
China considers moving stakes in bad banks to sovereign wealth fund
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 and China Orient Asset Management to Central Huijin Investment, said the people, asking not to be identified. China Investment Corp…
Russia fires cruise missiles at Ukrainian targets
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 Serhiy Bratchuk, a spokesperson for the region’s military administration. Amid the recently intensified Russian air assaults, China said its special envoy met…
Pentagon accounting error overvalued Ukraine weapons aid by US$3 billion: Sources
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 of assigning a higher than warranted value on weaponry that was taken from US stocks and then shipped to Ukraine,…
Ukraine rejects China overture for immediate ceasefire in war with Russia
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 its territories or the freezing of the conflict.” The failed diplomatic effort comes just as the war is growing in…
Jet Airways’ Revival Faces Mounting Hurdles As Air Operator’s Permit Expires, Casting Doubt On 2023 Takeoff
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 has encountered significant setbacks despite securing the AOC on May 20, 2022, courtesy of the Directorate-General of Civil Aviation, with…
More nations plan for ‘health disasters’ fuelled by climate change
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 determined contributions (NDCs), up from 70 per cent in 2020, according to new WHO data set to be released in…
Binance crypto exchange halts withdrawals for Australian users
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 funds onto the exchange via PayID, a popular instant payment method. Withdrawal of Australian dollars to bank accounts has also…
Loud explosions heard in Kyiv, debris causes building fire
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 the ninth Russian air raid that targeted the capital this month, a clear escalation after weeks of lull and ahead…
US seeks to manipulate Turkish elections: Ankara
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 US and European media outlets published stories describing President Recep Tayyip Erdogan as a “dictator and tyrant.” On 3 May,…
Overcompliance: Sanctions leave Cyprus’ economy reeling
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 accounts frozen. Spokeswoman for the bar association Georgia Constantinou Panayiotou, told the Cyprus Mail what was happening was in fact…
Deutsche Bank to pay $100.7m to settle Jeffrey Epstein accusers’ suit: WSJ
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
Air China swamps Australian flight school in urgent pilot hunt
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. But talks resumed two months ago and the giant state-run carrier, almost out of nowhere, pushed the school to interview…
French court upholds home detention for Former French President Sarkozy in wiretap graft case
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 attempts to secure favours from a judge in return for the promise of a plum retirement job in a case…
Reports: Defense News correspondent arrested in India
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 India,” said Mike Gruss, Sightline’s editor-in-chief. “Vivek has written about the Indian defense industry for Sightline publications for more than…
Important Things At Twitter Keep Breaking, And Making The Site More Dangerous
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 site, but it’s been getting worse lately, with two somewhat terrifying stories that show just how unsafe the site has…