
Ukraine ‘has one month to hold knife to Crimea’s throat’ and force Putin into peace talks
Ukraine has just four weeks to hold a "knife at Crimea's throat" and force Vladimir Putin into peace talks before Russia's army recoups over winter, experts have warned. Professor Mark Galeotti, academic and author of more than 20 books on Russia, said Volodymyr Zelensky’s troops need to move another 10 miles southwards to be in range of striking key Russian supply routes in Crimea. He claimed this is the only “serious” chance Ukraine has to force Mr Putin into negotiations before the Russian army has the opportunity to regroup over winter. “They’ve got about another month of campaign season. But if things slow down, the Russians will use the winter to regroup themselves and the whole thing will start up again in spring,” the professor, who teaches Slavonic and East European Studies at University College London, told The Independent. “If Ukraine can move another 10 miles southwards, Russian road and rail links used to resupply Crimea will be in range of their artillery. “The only serious chance Ukraine has of forcing Putin to the negotiating table is by holding a knife at Crimea’s throat. But I think that is going to be next year’s campaign.” It comes after President Zelensky admitted that Ukraine’s counteroffensive was progressing slowly, but insisted that more territory was being reclaimed every day. “The situation is tough,” he told CBS’s 60 Minutes. “We stopped the Russians in the east and started a counteroffensive. Yes, it is not that fast but we are going forward every day and de-occupying our land.” Ukrainian generals claimed they had recaptured the eastern villages of Klishchiivka and Andriivka near Bakhmut over the weekend. Earlier this month, Ukrainian forces also breached Russia’s first line of defence near Zaporizhzhia in the south of the country, taking the village of Robotyne. This Zaporizhzhia area is a “key” battlefield, as breaking through would allow Ukrainian forces to strike out towards the Sea of Azov, Professor Galeotti said. This would allow Ukrainian forces to disrupt and destroy supply lines linking Rostov-on-Don, in Russia, and the Crimean Peninsula, which was annexed in 2014. But Dr Marina Miron, a postdoctoral researcher at King’s College London war studies department, it was "very unlikely" there would be a major breakthrough for Ukraine this year as its "window of opportunity" was now closing ahead of winter. “The rain is already starting,” she said. “The weather will get a lot worse.” Ukraine launched its counter-offensive in June to push Mr Putin’s forces out of land captured by Russia after the invasion began in February 2022, striking along the 600-mile frontline in areas including the Bakhmut, Kharkiv and Zaporizhzhia regions. But as the offensive slows it is now “touch and go” as to whether Ukraine can make a “real, pivotal difference” in the war by the end of this year, Dr Miron said. “The main effort will be to sustain troops throughout the winter. Ukraine will not be in a position to carry on the offensive,” Dr Miron added. She explained Ukraine had a “heavy logistical” footprint with German Leopard and British Challenger 2 tanks, but they would be harder to use in wetter, muddier conditions, to assist a full breakthrough. “They’re just not designed for those types of terrains,” she said. “They would risk losing more equipment getting bogged down in winter conditions than waiting it out until getting F-16 fighter jets.” In August, Denmark promised the delivery of 19 F-16 jets to Ukraine. Six will be delivered by the end of this year, followed by eight in 2024 and five in 2025, according to Danish prime minister Mette Frederiksen. However, Ukraine admitted it could take up to six months to train its military to use the jets and they would not be in operation this winter. With fears growing around wavering Western support as the war draws on, Dr Miron said: “Neither side have an infinite supply of money or manpower. But Russia does have time. And that’s what they are betting on.” Read More Ukraine-Russia war – live: Putin’s brigades ‘suffer heavy losses’ as counteroffensive advances around Bakhmut Kremlin says Russia and China must edge closer to counter Western efforts to contain them US defense chief urges nations to dig deep and give Ukraine more much-needed air defense systems
2023-09-19 23:23

Billionaire Joe Lewis pleads not guilty to insider trading in schemes involving girlfriend and private pilots
Joe Lewis, the British billionaire and long-time majority stakeholder in Tottenham Hotspur, pleaded not guilty in New York on Wednesday to charges of insider trading. The previous day, federal officials said the investor “abused his access to corporate boardrooms” and carried out a series of “brazen” instances of financial misconduct, sharing insider information with friends, employees, and former romantic partners. He’s charged with 16 counts of securities fraud and three counts of conspiracy, Reuters reports. “That’s classic corporate corruption,” US attorney Damian Williams said in a video statement on Tuesday. “It’s cheating, and it’s against the law.” Attorneys for the billionaire said he plans to fight the charges. “The government has made an egregious error in judgment in charging Mr Lewis, an 86-year-old man of impeccable integrity and prodigious accomplishment,” David M Zornow said in an email statement to The Independent on Tuesday. “Mr Lewis has come to the US voluntarily to answer these ill-conceived charges, and we will defend him vigorously in court.” In a hearing on Wednesday before US magistrate Judge Valerie Figueredo in Manhattan following Mr Lewis’s early-morning arrest by the FBI, new details about the case against the businessman came to light. As part of a $300m bond, Mr Lewis was ordered to surrender his mega-yacht, the Aviva, as well as his private aircraft. He will now be barred from international travel as the case proceeds. Officials also accused two of his pilots, Patrick O’Connor of New York and Bryan Waugh of Virginia, of profiting off illegal tips from Mr Lewis. Both men have pleaded not guilty, and their lawyers declined requests to comment from Reuters. Prosecutors allege Mr Lewis lent the men $500,000 each in 2019, encouraging them to buy stock in an oncology company in which the billionaire had invested. Mr O’Connor allegedly texted a friend “the Boss has inside info”, a seeming reference to a tip that the billionaire allegedly passed on that the company was about to announce promising clinical results. After the company announced the news, the shares the pilots allegedly bought leapt by 16.7 per cent, and prosecutors allege one of the men labeled a payment to Mr Lewis “loan payback” and listed the company’s stock symbol. In an accompanying civil case, the Securities and Exchange Commission accused Mr Lewis, the pilots, and the billionaire’s former girlfriend Carolyn Carter of insider trading. Officials allege that in 2019, Mr Lewis told Ms Carter about a biotech company that was about to raise capital and potentially increase its share price, even though he was bound by a confidentiality agreement. She then allegedly bought $701,000 in the company, earning a $172,000 on her investment. The Independent has contacted Ms Carter for comment. “When insiders like Lewis take advantage of their access to such information, it erodes public trust and confidence in the fair and efficient operation of our markets,” SEC enforcement director Gurbir Grewal said in a statement. “That’s why we will continue to use all the tools at our disposal to hold accountable those who abuse their positions for personal benefit and the unlawful enrichment of others.” Tottenham Hotspur told The Independent, “This is a legal matter unconnected with the club and as such we have no comment.” Mr Lewis ceased to be a "person with significant control" of the Premier League club last year, following a "reorganisation of the Lewis Family Trusts,” the club said, according to Sky News. He bought a controlling stake in the Premier League club from Lord Alan Sugar in 2001 for £22m. Mr Lewis owns the Tavistock Group, which owns more than 200 assets across 13 countries, including Tottenham Hotspur and UK pub operator Mitchells & Butlers, according to Sky News. The 86-year-old is worth an estimated $6.1bn and lives in the Bahamas, according to Forbes. Read More Who is Joe Lewis? The secretive billionaire Tottenham owner charged with insider trading UK billionaire Joe Lewis, owner of Tottenham soccer team, charged with insider trading in US Football rumours: Tottenham owner tells chairman to sell Harry Kane
2023-07-27 07:46

Another top Silicon Valley investor is splitting off its China business as pressure mounts
GGV Capital, a prominent Silicon Valley venture capital firm, has become the latest big investor to break up its US and China operations into separate companies as tensions between the two countries over tech and geopolitics continue to rise.
2023-09-22 16:52

Fed's Powell: More rate hikes are likely this year to fight still-high inflation
With inflation in the United States still too high, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell said in prepared testimony to be delivered to a House committee
2023-06-21 22:52

What's new to streaming and theaters this week: 'The Bear' to 'No Hard Feelings'
Looking for something new to watch this weekend? We've got you covered. From an all-new
2023-06-24 04:22

New England and the upper Midwest could have a higher fire risk than the West this year. Here's why
Unusually hot and dry northeastern and upper Midwest states are forecast to be wildfire hotspots this summer, while historically fire-prone Western states, including California, have a lower-than-normal predicted wildfire risk.
2023-06-14 22:24

Hong Kong Reopens With Flights Resuming as Typhoon Saola Departs
Hong Kong started gradually reopening Saturday after a typhoon forecast to be the strongest to hit the territory
2023-09-02 14:26

German manufacturing shrinks in June as demand weakens-PMI
BERLIN Germany's manufacturing sector contracted at the fastest rate in more than three years in June, with both
2023-07-03 16:21

Pope tells youths to tackle climate crisis, poverty
Pope Francis on Thursday urged young people to combine fighting to save the planet with tackling poverty during the second day...
2023-08-03 20:56

Former Trump lawyer Sidney Powell pleads guilty in Georgia election case
WASHINGTON (Reuters) -A former lawyer for Donald Trump on Thursday pleaded guilty to six counts of conspiracy for aiding the
2023-10-19 22:21

China exports see biggest drop for three years
Global demand for Chinese goods has fallen as the cost of living and rising interest rates bite.
2023-08-08 16:23

Florida school shooting re-enacted as part of civil lawsuit
(Reuters) -Gunfire rang out again at Florida's Marjory Stoneman Douglas High School on Friday, this time as part of a
2023-08-05 02:50
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