Category: Spotlight

NEW DELHI: Elon Musk on Tuesday in a social media post on X bashed President Joe Biden referring to a news report which says “Biden administration ADMITS flying 320,000 migrants secretly into US to reduce the number of crossing at the border has nation security vulnerability.” Elon musk said “This administration is both importing voters and creating a national security…

According to a recent survey by The Associated Press-NORC Center for Public Affairs Research, a growing number of US adults have doubts about President Joe Biden’s and Donald Trump’s ability to effectively perform the duties required of a US president. Source: https://apnorc.org/projects/many-are-concerned-about-bidens-mental-fitness-and-job-performance/

washington —  Civil liberties declined globally for the 18th consecutive year in 2023, with conflict and flawed elections the biggest factors, a new report has found. Political rights and civil liberties deteriorated for more than one-fifth of the population, the non-profit group Freedom House found. And only one-fifth of the 210 countries and territories the research group analyzed was found…

  STOCKHOLM – Two of Sweden’s largest property companies on Feb 27 announced multi-billion-crown write-downs in their 2023 results, dealing fresh blows to their beaten-down shares, even though both voiced hopes the worst is over for Europe’s property rout. Heimstaden’s preferential shares dropped more than 30 per cent after Fitch cut its credit rating deeper into so-called “junk” territory and…

Barclays (BARC.L), opens new tab has agreed to sell about $1.1 billion of credit card debt in the United States to Blackstone. Banks globally have been making greater use of credit risk transfers to shed risk from loan portfolios, Reuters has reported, with investors sharing the risk of losses. (See Corporate home buyouts: homelessness, mortgage & rent crisis rising) Barclays’ investment…

The Pentagon’s inspector general said its criminal investigators have opened more than 50 cases related to aid provided to Ukraine, including some involving contractors, but have yet to firm up any allegations. The investigations, which are at different stages, are looking at issues including “procurement fraud, product substitution, theft, fraud or corruption, and diversion,” the inspector general, Robert Storch, said…

Madrid — There was a time when activists and journalists who wanted to evade the ever-listening ear of the Cuban government spoke in code or had to meet in European embassies. The arrival of internet and encrypted messaging services offered some respite. But as quickly as technological advances made communicating and reporting on Cuba’s government easier, Havana found ways to…

In a significant legal move, authorities in the United States have brought charges against the head of a prominent Japanese criminal organization, accusing him of orchestrating a scheme to traffic nuclear materials from Myanmar, with the intended destination being Iran’s nuclear weapons program. Takeshi Ebisawa, aged 60, stands accused alongside his associate, Somphop Singhasiri, aged 61, of engaging in a…

ROME — Italy’s Fincantieri and UAE group EDGE have agreed to create a Abu Dhabi-based joint venture to build and sell naval vessels to non-NATO countries, the firms said Tuesday. The JV, which will be 51% owned by EDGE but run by Fincantieri managers, will aim to take advantage of the UAE’s relations with other states and the export credit…

JERUSALEM: Israel has imposed financial restrictions on the main UN agency providing aid in the Gaza Strip, a measure which prevented a shipment of food for 1.1 million Palestinians from reaching the war-battered enclave, the agency’s director said Friday. The restrictions deepened a crisis between Israel and UNRWA, whose operations have been threatened following Israeli accusations that some of its…

ISLAMABAD: Independents backed by jailed former prime minister Imran Khan won the most seats in Pakistan’s election on Friday after results from over half the constituencies were announced, leaving political parties trailing. Almost 24 hours have passed since the close of polls and the results have been unusually delayed, which the government ascribed to the suspension of mobile phone services…

A former CIA software engineer was sentenced to 40 years in prison on Thursday after his convictions for what the government described as the biggest theft of classified information in CIA history and for possession of child sexual abuse images and videos. The bulk of the sentence imposed on Joshua Schulte, 35, in Manhattan federal court came for an embarrassing…

Two Army Cyber Command officials worked to get an employee fired following his reporting of misconduct and subsequent participation in investigations, the Pentagon’s inspector general found in a report published Wednesday. The IG recommends that the employee be reinstated to his job with backpay, while the Defense Department officials involved “receive appropriate action.” For one of them, that means just…

WASHINGTON: Senior US lawmakers said they wanted Hungary to immediately approve Sweden’s accession to Nato, suggesting on Thursday, a week after Turkey’s approval, that Budapest risks permanent damage to its relationship with Washington if it does not act. Senate Foreign Relations Committee Ben Cardin said he had “deep concerns” over the direction of Hungary’s current government. The Democratic lawmaker noted…

TEL AVIV: An Israeli document obtained Monday spelled out allegations against a dozen UN employees the country says participated in Hamas’ October 7 assault – claiming seven stormed into Israeli territory, including two who participated in kidnappings. The allegations against staffers with the UN agency for Palestinian refugees prompted Western countries to freeze funds vital for the body, which is…

GAZA CITY: Deadly fighting and air strikes rocked besieged Gaza on Monday, a day after an attack that killed three US troops in Jordan heightened fears of a wider regional conflict. Israeli bombing of the Gaza Strip killed 140 people overnight, including 20 members of one family, said the health ministry in the Hamas-run Palestinian territory. The Israeli army, in…