Barclays sells credit card debt to Blackstone: Profiting from Poverty

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…

Pentagon Has Opened Over 50 Criminal Probes on US Aid to Ukraine

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…

Cuba Cuts Internet, Surveils Calls of Journalists, Report Finds

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…

US Indicts Japanese Crime Boss Takeshi Ebisawa and assiciate Somphop Singhasiri for Alleged Trafficking of Nuclear Materials to Iran

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…

Fincantieri teams with EDGE to sell to non-NATO countries

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…

Israel holding up food for 1.1 million Palestinians in Gaza, main UN aid agency says

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…

With over half the seats counted, Imran Khan’s supporters lead in Pakistan polls

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…

DOD Told Pharma Exec the Virus “Posed a National Security Threat” on Feb. 4, 2020

A leaked recording obtained by investigator and writer Sasha Latypova features an executive at the pharmaceutical company AstraZeneca stating the following: It wasn’t a surprise to me when I got a call on February 4th from the Defense Department here in the US saying that the newly discovered Sars-2 virus posed a national security threat. This is an astonishing, major-newspaper…

Former CIA engineer who sent ‘Vault 7’ CIA spying secrets to Wikileaks sentenced to 40 years

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…

Army officials retaliated against whistleblowing staff: report

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…

US lawmakers want pressure on Hungary to back Sweden’s Nato membership

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…

Document spells out allegations against 12 UN employees Israel says participated in Hamas attack

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…

Battles in Gaza after Jordan attack kill three US troops

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…

France to push for EU law changes as farmers block Paris highways

PARIS: France said it would push to ease European Union environmental regulations on fallow farmland this week, as tractors blocked major highways out of Paris on Monday and nationwide farmers’ protests intensified. The French government on Friday dropped plans to gradually reduce state subsidies on agricultural diesel and promised a reduction in red tape and an easing of environmental regulations,…

China Evergrande liquidation ordered by court

A Hong Kong court has ordered the liquidation of China Evergrande, the real estate firm with more than $300bn (£236.1bn) of debts, amid deepening fears for the territory’s wider corporate health. Justice Linda Chan ruled Evergrande had been unable to offer a concrete restructuring plan to creditors – more than two years after defaulting on a bond repayment and after…

$40m for arms stolen by corrupt officials: Ukraine

KYIV: Employees from a Ukrainian arms firm conspired with defence ministry officials to embezzle almost $40 million earmarked to buy 100,000 mortar shells for the war with Russia, Ukraine’s security service reported. The Ukraine’s SBU said Saturday that five people have been charged, with one person detained while trying to cross the Ukrainian border.If found guilty, they face up to…