Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case
A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for
1970-01-01 08:00
Russia’s Flagship Crude Oil Surpasses G-7 Price Cap for First Time
Russia’s flagship Urals crude oil surpassed for the first time the price cap set by Group of Seven
1970-01-01 08:00
Novogratz Sees Bitcoin Rising, Says ETFs Likely to Be Approved
Mike Novogratz, the founder of Galaxy Digital Holdings Ltd., said he expects Bitcoin to rise by the end
1970-01-01 08:00
Biden hails ‘unbroken’ Ukrainian people in Nato speech to spirited crowd of 10,000 - and one Trump fan
President Joe Biden on Wednesday hailed the “unbroken” people of Ukraine and the “incredible dignity” with which they’ve acted to repel Russia’s invading forces as he pledged on behalf of the Western world to maintain support for Kyiv’s defence for as long as necessary. Mr Biden delivered his remarks to a boisterous crowd who’d gathered hours ahead of time to hear him speak in the Great Court at Vilnius University, following the conclusion of this year’s Nato leaders’ summit, at which leaders of the 31-member defence alliance agreed to expedite Ukraine’s bid for membership in the bloc once the war with Russia has been brought to a close. The president, who was also met with one person in the crowd who held a sign marking him as a supporter of his predecessor, Donald Trump, noted the history of the place where he was speaking, and recalled how the Lithuanian yellow, green and red tricolour flag remained aloft outside the country’s diplomatic mission to Washington, even throughout the Soviet occupation of Lithuania. He said some of the older attendees in the crowd would “know better than anyone how precious the right to determine your own future is,” and praised Lithuania and the other Baltic states — Estonia and Latvia — for their strenuous advocacy for Ukraine’s defence and for Kyiv’s bid for membership in Nato. Mr Biden said that all parties involved “want this war to end,” but only on terms that will “uphold the basic principles” of the UN charter concerning national sovereignty and territorial integrity, calling those concepts “two pillars of peaceful relations among nations”. “One country cannot be allowed to seize his neighbour territory by force,” he said, adding that Moscow “could end this war tomorrow” by pulling back Russian forces from all of Ukraine’s territory, with the caveat that Moscow “has shown thus far no interest” in such an outcome because Russian president Vladimir Putin “still wrongly believes that he can outlast Ukraine”. “He can't believe it's their land, their country and their future and even after all this time, Putin still doubts their staying power,” Mr Biden said, adding that the Russian leader is “still making a bad bet” by thinking that the “conviction and the unity among the United States and our allies and partners will break down”. “He still doesn't understand that our commitment, our values, our freedom is something he can never, never, ever ever walk away from. It's who we are,” he said. “The defence of freedom is not the work of a day or a year. It's the calling of our lifetime — of all time. We’re steeled for the struggle ahead, our unity will not falter, I promise you”. Mr Biden added that the US and Western commitment to Ukraine’s defence “will not waver”. “Our commitment to Ukraine will not weaken. We will stand for liberty today, tomorrow, and for as long as it takes,” he said. The president’s remarks echoed another rousing speech he delivered in Warsaw five months ago, when he pledged “unwavering” support for Ukraine’s defence and Nato’s unity less than 24 hours after a surprise visit to Kyiv. At the time, he pledged that Ukraine “will never be a victory for Russia,” and it appears that the rest of the West is on board with Mr Biden’s plans. In addition to the Nato leaders who gathered in Vilnius this week, Japanese Prime Minister Fumio Kishida travelled there to unveil a new joint declaration from the Group of Seven in support of Kyiv’s defence. In remarks delivered following the G7 leaders’ session, Mr Biden said the joint declaration will “make it clear” that support for Kyiv from the world’s largest democracies “will last long into the future”. “This starts a process by which each of our nations and any other nation who wishes to participate will negotiate long-term bilateral or security commitments with him to Ukraine. We’re going to help Ukraine build a strong capable defence across land, air and sea ... which will enforce stability in the region and deter against any and all threats,” he said. Mr Biden reiterated the same sentiment a short time later during a bilateral meeting with Ukrainian president Volodymyr Zelensky. He praised Mr Zelensky, the actor-turned-politician who has served as Ukraine’s leader since 2019, as having “done an enormous job” and promised that the US and its allies would “make sure that you get what you need”. “And I look forward to the day when we’re having the meetings celebrating your official membership in Nato, so thank you for what you’re doing,” he said. For his part, Mr Zelensky thanked the US president for his recent decision to provide Kyiv with cluster munitions for use against Russian troops on Ukrainian soil, telling Mr Biden that the move “will help us to save us”. The announcement of the joint declaration and the meeting between Mr Biden and Mr Zelensky came after days of tension between the Ukrainian leader and his other Western counterparts over Ukraine’s prospects for membership in Nato. While the US and many other Nato nations had been skittish about giving Ukraine a path to rapid membership while the war with Russia continues, other states have pushed for an immediate change in Kyiv’s status. But the joint declaration — and an announcement from Nato that Ukraine could skip the Membership Action Plan previously laid out for the country’s membership bid and join at a future date post-war — appeared to smooth over the tension between the allies and the Ukrainian leader. Asked how long it would take for Nato to accept Ukraine once the war was over, Mr Biden quipped: “An hour and 20 minutes”. Read More Biden says support for Ukraine ‘will not waver’ in fiery Vilnius speech after Zelensky Nato meeting - live Biden and Zelenskyy praise each other despite divisions over Ukraine war Ukraine’s greatest weapon isn’t on the battlefield The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
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With an Eye on 2024, Biden Touts Successful NATO Summit
President Joe Biden said the fate of democracy would be determined by decisions made by the US and
1970-01-01 08:00
Fed’s Beige Book Shows Uptick in Economy But Warns of Slowing
The US economy showed an overall increase in activity since late May, though most regions expect the pace
1970-01-01 08:00
Harris Convenes AI Meeting With Labor, Civil Rights Leaders
Vice President Kamala Harris convened a group of civil rights and labor leaders Wednesday to discuss the field
1970-01-01 08:00
Trafigura Proposed Fake Nickel Deals, Says Man It Blames
The man accused by Trafigura Group of being behind a $590 million nickel fraud finally responded to the
1970-01-01 08:00
Carrefour to Buy Cora, Match French Banners in $1.2 Billion Deal
Carrefour SA agreed to buy the Cora and Match banners in France from the Louis Delhaize group for
1970-01-01 08:00
Watch live: Joe Biden holds news conference after Nato leaders summit
Watch live as Joe Biden holds a news conference following talks at the Nato summit on Wednesday, 12 July. The US president met with world leaders in Lithuania as G7 countries announced an international framework that paves the way for long-term security assurances for Ukraine to boost its defences against Russia. On Tuesday, Volodymyr Zelensky slammed the military alliance’s leaders for not extending membership to Ukraine, calling the inaction “absurd” Mr Biden has previously said that he thinks Ukraine is “not ready” for membership. His remarks came after US national security adviser Jake Sullivan said that Nato would be at war with Russia if Ukraine were to join the alliance now. Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
1970-01-01 08:00
Missing French toddler – latest: Bloody car found in Haut Vernet search for Emile
Blood has been detected on the front of a car in Le Vernet, the French Alpine village where a two-year-old boy went missing on Saturday. “At the moment we don’t even know if it’s human blood”, MailOnline reported an investigative source as saying, noting that the traces have been transferred for scientific analysis to determine if they could be linked to missing Emile. “It might be a very old trace too, so everybody is being very cautious about the find”, the source added. Meanwhile, police confirmed that Emile’s parents home - in Bouilladisse - was searched on Monday, with one judicial source stating that “gendarmes were looking into the family’s background.” Two-year-old Emile was last seen playing in the garden of a property in Le Vernet in the Alpes-de-Haute department of Provence-Alpes-Côte d’Azur, with his grandparents notifying the police of his disappearance at around 5.15pm local time on Saturday. Police added on Wednesday that at least 10 people were present at the property where Emile was last seen amidst a family reunion, with “several uncles and aunts of the child, of all ages, including some minors”, a police source said.
1970-01-01 08:00
He claimed to have dirt on the Bidens. Now the DoJ say he’s a Chinese spy. Who is Gal Luft?
An eight-count indictment against Israeli professor and think tank co-founder Gal Luft appeared in a small, 137-word item on page 10 of the New York Post. Under the headline “Anti-Biden witness indicted”, it described Mr Luft, 57, as “a key figure in House Republicans' investigation of the Biden family” and said the charges against him are for “arms trafficking and conspiring to flout US sanctions on Iran”. It ended with a line about how Mr Luft claims the case is an attempt to stop him “testifying to Congress about allegations the first family received payments from individuals with ties to Chinese military intelligence and that the Bidens had an FBI mole who shared classified information with their Chinese benefactors”. The low-key treatment was a far cry from how the anti-Biden tabloid covered Mr Luft just days earlier, when Post columnist Miranda Devine – a frequent purveyor of conspiracy theories about President Joe Biden and his son, Hunter – wrote a column exclusively on a video on which Mr Luft claims he is being “hunted” by the FBI and facing “the rest of his life on the run”. Mr Luft’s dispatch to the Post came from parts unknown – as he has been a fugitive since February. He disappeared shortly after posting bail following his arrest by Cypriot authorities pursuant to an Interpol warrant on suspicion of arms trafficking. At the time, he tweeted that the arrest was part of a “politically motivated extradition request” by the US. “I've been arrested in Cyprus on a politically motivated extradition request by the US … claiming I'm an arms dealer. It would be funny if it weren't tragic. I've never been an arms dealer. DOJ is trying to bury me to protect Joe, Jim [and] Hunter Biden,” he said. Mr Luft’s Israeli lawyer, Mordechai Tzivin, told Ynet that his client was being targeted because he provided derogatory information about the Bidens to the FBI in 2019. The accusations "would be a good way to shut him up," Mr Tzivin said, “because he knows a lot of information on Hunter”. He added that it wasn’t beyond the realm of possibility that prominent Democrats would try to have his client killed. “If this would have happened in Russia, they would have carried out a 'diplomatic car crash,' but luckily, he is in a safe location where no one can hurt him,” he said. Despite Mr Luft’s claim that the arms charges coincide with his emergence as a figure in the Republican-led crusade to tar the Bidens with corruption allegations, it’s not clear from the public record that he ever said a word about Mr Biden or his son prior to his arrest. But the Israeli-American academic – who was once a Lieutenant Colonel in the Israeli Defense Forces and more recently served as co-director of the DC-based Institute for the Analysis of Global Security – has been critical of US foreign policy since Mr Biden took office with the aim of restoring relations with America’s democratic allies. In January, his think tank released a report that accused the US of “pursuing illegal economic policies” by way of an "extremely trigger-happy" use of sanctions, most notably against Russia. And last year, he appeared on CNBC to criticise the Biden administration’s efforts to impose a worldwide oil price cap on Russian oil to keep Moscow from using petrodollars to finance the war in Ukraine. “It's kind of a ridiculous idea in my view,” Mr Luft said. "That's not how the oil market works," he said. "This is a very sophisticated market, you cannot force the prices down." He also spoke to the South China Morning Post in August last year about who the Chinese government would tap to lead its foreign ministry after that year’s Communist Party Congress and last September penned an op-ed for the same publication in which he complained that the Ukraine war had become “a quagmire” and ridiculed Mr Biden’s prediction that US sanctions would have an effect on Moscow’s economy. “To date, Russia’s economy has contracted by 4 per cent – a far cry from President Biden’s suggestion at the beginning of the war that it would halve. If anyone is nearing implosion, it is probably Europe’s heavily indebted economies, facing an unprecedented pre-winter energy crisis, inflation, deindustrialisation and a growing social unrest already causing fissures in the Western alliance,” he said. Indeed, the first mention of Mr Luft’s claims against the Bidens came in his February post-arrest tweet. And though Republicans have now embraced his claims to have been speaking out against the president and his family since 2019, there’s no evidence he voiced his alleged concerns to anyone, even though unproven claims about the Bidens have been a fast-track to stardom in GOP media circles since Donald Trump’s first impeachment. Based on that pattern, it might be reasonable to conclude that Mr Luft is hoping to garner himself enough goodwill in the GOP that, should he remain a fugitive, a future Republican president — perhaps Mr Trump — will pardon him. Read More ‘Whistleblower’ who accused Bidens of corruption is charged with arms trafficking and violating Iran sanctions GOP cries foul over spy charges for Biden ‘whistleblower’ Top Republicans are gearing up to investigate the Hunter Biden case. Here's what to know. Dems call for probe into whether Gal Luft made claims about Biden to help China Biden and Zelenskyy praise each other despite divisions over Ukraine war Finland's new finance minister apologizes for racist comments in 2008 blog post
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