Tag: All Regions

U.S. announces $138 million in military sales of Hawk missile systems support for Ukraine

WASHINGTON (AP) — The State Department has greenlighted an emergency $138 million in foreign military sales for Ukraine to provide critical repairs and spare parts for Kyiv’s Hawk missile systems. The U.S. announced the move Tuesday saying that Ukraine has an urgent need for the maintenance support to keep the missile system running. The announcement follows a similar, small-sized round…

Venezuela arrests former Maduro allies in oil corruption probe

Venezuela’s former oil minister Tareck El Aissami, once a powerful confidante of authoritarian president Nicolás Maduro, has been arrested on allegations of corruption, the socialist government announced on Tuesday. Former finance minister Simón Zerpa and Sarmark López, a businessman and associate of El Aissami, were also arrested as part of the probe into alleged corruption at state oil major Petróleos…

Canada’s spy agency reveals Chinese interference in 2 elections won by Justin Trudeau

Canada’s domestic spy agency has determined that China interfered in the last two elections, according to testimony in an official probe on Monday, providing the strongest evidence to date of suspected Chinese involvement in Canadian politics. Canadian Prime Minister Justin Trudeau’s Liberal Party emerged victorious in both the 2019 and 2021 elections. Under pressure from opposition legislators concerned about media…

Norfolk Southern agrees to pay $600M in Ohio train derailment settlement

Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio. The company said Tuesday that the agreement, if approved by the court, will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury…

EU nations obligated to protect citizens from climate change, human rights court rules

The European Court of Human Rights (ECHR) ruled on Tuesday in favour of a group of elderly Swiss women who had argued that their government’s inadequate efforts to combat climate change put them at risk of dying during heatwaves. The European court’s decision on the case, brought by more than 2,000 women, could have a ripple effect across Europe and…

Serbia says it’s close to a deal to buy French-made fighter jets. That would be a shift from Russia

Serbia is close to signing a deal on the purchase of 12 French Rafale multi-purpose fighter jets, the Serbian president announced Tuesday, in what would mark a shift from its traditional military supplier Russia. President Aleksandar Vucic spoke during his two-day visit to Paris and talks with French President Emmanuel Macron as well as French defense officials including Rafale manufacturer…

Turkey imposes trade restrictions over Gaza war after branding Israel a terrorist state

ISTANBUL: Turkey said it would impose trade restrictions on Israel starting Tuesday over the war in Gaza, covering a range of products including cement and steel and iron construction materials. The new measures come a day after Turkey said Israel had blocked its attempt to airdrop aid to Gaza. “This decision will remain in place until Israel declares a ceasefire…

Blackstone nears buyout of beauty giant L’Occitane

  LONDON – Blackstone is nearing a deal to take L’Occitane International private, according to people familiar with the matter, potentially ending the global cosmetics and skincare giant’s 14-year run on Hong Kong’s stock exchange. The private equity firm may team up with L’Occitane’s billionaire owner Reinold Geiger for the buyout, said one of the people. An announcement could come…

‘Panama Papers’ money laundering trial opens

  The trial of 27 people opened Monday in Panama from charges stemming from the Panama Papers, a cache of millions of financial documents that exposed money laundering and worldwide tax evasion networks. Among those on trial are the owners of the Mossack-Fonseca law firm, the company that was central to the 2016 massive document leak, which detailed how the…

Nicaragua suing Germany for genocide complicity, supplying arms to Israel

Nicaragua, a longstanding supporter of the Palestinian cause, is broadening the legal battle over the Gaza conflict at the International Court of Justice by bringing a case against Germany, a major supplier of arms to Israel. In hearings that opened on Monday in The Hague, Nicaragua argued that Germany is facilitating the commission of genocide in Gaza and violating the…

Gold retreats as robust US data dampens rate cut expectations

Gold fell on April 8 after closing at a record high last week, as investors weigh a strong US jobs report that saw traders unwinding bets for steep US Federal Reserve rate cuts in 2024. The precious metal fell as much as 1.2 per cent in early Asian hours, pressured by a rise in Treasury yields after US payrolls rose…

Qantas adds millions of loyalty seats to soothe angry flyers

  SYDNEY – Qantas Airways will make millions more seats available for frequent flyers, but passengers will need to use more loyalty points to secure their tickets, as chief executive officer Vanessa Hudson overhauls a model that had increasingly frustrated customers. Frequent flyer members will have access to 20 million new seats for travel over a 12-month booking window, the…

Credit Suisse takes fight over $1 billion awarded to billionaire to Singapore’s top court

A unit of defunct lender Credit Suisse will seek to overturn an order to pay US$743 million (S$1 billion) to a billionaire client over the actions of a notorious rogue banker at Singapore’s top court on April 8. The sum was awarded after a lower court earlier ruled that the bank’s trust had failed to safeguard the assets of Bidzina…

Shell, Aramco in final stage of talks to buy Temasek-owned Pavilion Energy

  Shell and Saudi Aramco, which are competing to buy the assets of Temasek-owned liquefied natural gas (LNG) trading firm Pavilion Energy, are now locked in price negotiations after completing the due diligence process, three sources with knowledge of the matter said. The potential sale comes a decade after the Singapore state investment firm set up Pavilion Energy to focus…

Your embassies not safe after Syria strike, Iran warns Israel

JERUSALEM: A top Iranian military adviser on Sunday warned Israel that none of its embassies were safe following last week’s strike in Damascus blamed on Israel that killed two elite Iranian generals. Regional tensions threaten to draw West Asia into a wider conflict as Israel’s war against Hamas marks six months. The remarks by General Rahim Safavi, a military adviser…

Israeli Politician Suggests Israel Will Use Nukes If America Stops Supplying Weapons Aid

Israeli MK Nissim Vaturi, a representative in Prime Minister Benjamin Netanyahu’s ruling Likud party, issued a not-so-veiled threat on Saturday suggesting that if America doesn’t supply Israel with weapons aid then Israel will use nuclear weapons. “In the event of a conflict with Iran, if we do not receive American ammunition – we will have to use everything we have…”…