Hong Kong Dollar in Strong Half of Trading Band on Rate Hikes
Hong Kong’s currency has risen above the mid-point of its trading band against the dollar for the first
2023-07-27 13:22
BNP Cost Controls Drive Earnings Beat as Debt Traders Trail
BNP Paribas SA relied on tight cost controls and lower provisions for bad loans in the second quarter
2023-07-27 13:16
Explosive claims, impossible craft and questions of ‘murder’: House UFO hearing probes alleged alien technology defying laws of physics
Aliens and UFOs were the topic du jour in Washington DC as the House Subcommittee on National Defense met to hear testimony from three men — two Navy pilots and one former intelligence officer — who are warning that the skies may not be as safe as Americans previously thought. While the hearing was not specifically probing whether or not aliens have visited Earth — instead being ostensibly focused on the alleged prevalence of unidentified aerial objects over US skies — the discussion of extraterrestrials and "non-human biologics" no less permeated the discussion. The three men who sat before the subcommittee were David Grusch, a former intelligence officer in the Air Force and National Geospatial Intelligence Agency; former Navy pilot Ryan Graves, who claims to have encountered UAPs during missions; and David Fravor, another Navy pilot, who recorded the infamous "Tic Tac" UAP video in 2004. The witnesses agreed that the US is lacking in a proper reporting system for UAP sightings, with Mr Graves noting that both military and commercial pilots who claim to have encountered the craft feel as though they cannot report the sightings without suffering stigma and potential career retaliation. The witnesses Mr Graves was most concerned with the dearth of reporting options for pilots who encounter the supposed craft. He had his own experience in 2014, when a squadron under his command encountered "dark grey or black cubes ... inside of a clear sphere, where the apex or tips of the cubs were touching the inside of that sphere" approximately 10 miles off the coast of Virginia Beach. He said his pilots described the craft performing impossible aerial maneuvers that he said would kill a human and were far beyond the capability of any known technology. Mr Graves further stated that such encounters were "not rare, or isolated" and that there was no official means of reporting such encounters. "If everyone could see the sensor and video data I witnessed, our national conversation would change," Mr Graves said in his opening statement. "I urge us to put aside stigma and address the security and safety issue this topic represents. If UAP are foreign drones, it is an urgent national security problem. If it is something else, it is an issue for science. In either case, unidentified objects are a concern for flight safety. The American people deserve to know what is happening in our skies. It is long overdue." Mr Fravor offered an account of his 2004 incident off the coast of San Diego, during which he said he encountered a "smooth" white object he likened to a tic tac mint or a propane tank. He said he spotted it hovering over the water before it rapidly ascended, accelerated, and disappeared. He noted that there was white water beneath the craft — suggesting something may have been under the water — and that the white water was gone after it disappeared. "I think what we experienced was, like I said, well beyond the material science and the capabilities that we had at the time, that we have currently or that we're going to have in the next 10 to 20 years," Mr Fravor said. The "Tic Tac video" was featured in a 2017 New York Times article discussing UAPs written by the same individuals who first reported on Mr Grusch's whistleblower claims. Both pilots agreed that the UAPs they encountered represented national security threats to the United States. Mr Grusch, who spent 14 years working as an intelligence officer, offered the most fantastic of the claims during the hearing, but provided the least evidence of any of the witnesses. He said he decided to blow the whistle on the US government after learning from another individual that the US has retrieved wreckage from UAPs and is currently reverse-engineering the technology. “I was informed in the course of my official duties of a multi-decade UAP crash retrieval and reverse engineering program to which I was denied access,” he said. He further claimed that a UAP the size of a football field has been concealed somewhere, and that "non-human biologics" were found piloting some of the crashed UAPs. Mr Grusch has made clear that he was not a personal witness to any of what he claims, but is repeating what he was told by individuals he deems as credible. The Pentagon has denied his claims of a coverup. Sue Gough, a Defense Department spokesperson, said investigators have not found “any verifiable information to substantiate claims that any programs regarding the possession or reverse-engineering of extraterrestrial materials have existed in the past or exist currently.” The statement did not address the recovery of craft not suspected of being extraterrestrial in nature. During the hearing, Congressman Tim Burchett asked Mr Grusch if he was aware of anyone who had been harmed in the interest of the US government maintaining secrecy about the alleged crashed UAPs. "Do you have any personal knowledge of people who have been harmed or injured in efforts to cover-up or conceal these extra-terrestrial technologies," he asked. “Yes. Personally,” he replied. Mr Burchett then asked, "has anyone been murdered?" Mr Grusch hesitated for a moment. "I have to be careful asking [sic] that question," he said, citing a current investigation into whether or not he was the subject of retaliatory action for whistleblowing. "I directed people with that knowledge to the appropriate authorities." He further went on to claim that he was aware of planned retaliation efforts against him by his former superiors in the US government, and that he was aware of unsanctioned "IRAD" programs in which government contractors were overcharging American government buyers and using the excess profit to funnel into DOD research programs. Lines for the hearing stretched far down the hall, with UFO enthusiasts mixing alongisde the media in hopes of witnessing "disclosure" — the long-awaited acknowledgment by the US government that we are not alone in the universe. However, they were left with only a tease of information; each time Mr Grusch was asked to provide specific information — details about the IRAD programs, the locations of supposed crashed UAPs, specifics about the "non-human" entities allegedly found with the wreckage — he assured the Congressional leaders that he knew the answers, but could not provide them publicly. He said he could provide specific information only in a closed session or in a secure environment, citing confidentiality concerns. Congressional questions The bipartisan subcommittee expressed appreciation for the witnesses' testimonies and broadly operated from the position that the government was withholding information concerning the true nature of UAPs — whether they are controlled by foreign adversaries, aliens, or something else entirely — and several members assured the witnesses they would be protected for possible retaliation. While Mr Graves and Mr Fravor said they did not experience blowback for their reports, Mr Grusch claimed he had, prompting Congressman Jamie Raskin to ask for details about his experiences. He said he was aware of "active planned reprisal" coming from "leadership at my previous organisation," and said he referred to the retaliation as "administrative terrorism." Congresswoman Alexandria Ocasio-Cortez centred her questioning on Mr Grusch's claims concerning independent research and development — IRAD — programs funneling money from American government buyers into "unsanctioned" DOD programs. Earlier in his testimony, Mr Grusch told Congressman Jared Moskowitz he was aware of IRADs funding "unsanctioned" development of "advanced technology." Ms Ocasio-Cortez said she had seen IRAD programs and regulations requiring agencies initiating research to notify oversight bodies abused, and asked "if you were me, where would you look" to find evidence for the claims that government contract money was being siphoned to unrelated research and development. Mr Grush said he would be happy to provide the details "in a closed environment" and said he could tell her "specifically." Congresswoman Nancy Mace zeroed in on what many of the attendees were likely hoping to hear addressed; the existence of aliens. “Do you believe our government has made contact with intelligence extraterrestrials,” she asked. Mr Grusch said it was “something I can’t discuss in a public setting,” resulting in a curious eyebrow raise from longtime UFO researcher, reporter, and occasional Coast to Coast AM guest host George Knapp, who was seated behind Mr Grusch. Ms Mace continued, asking “if you believe we have crashed craft ... do we have the bodies of the pilots who piloted [these] craft?” “As I’ve stated publicly already in my NewsNation interview, biologics came with some of these recoveries, yeah.” She then asked if they were “human or non-human biologics?” “Non-human, and that was the assessment of people with direct knowledge on the program I talked to, [who] are still on the program,” he said. Ms Mace then asked if any evidence — photo, video, eyewitnesses — of such creatures existed. “The specific documentation I would have to talk to you in a SCIF about,” he replied. Congressman Glenn Grothman, who chaired the subcommittee, said he anticipated legislation would come out of continued, closed-door discussions with the witnesses. "Several of us are going to look forward to getting some answers in a more confidential setting," he said. "I assume some legislation will come out of this." Read More Congressman asks UFO whistleblower if anyone has been ‘murdered’ to maintain alleged coverup Tom DeLonge left Blink-182 for an alien adventure. Now back on tour, his UFO mission is taking off in Congress Republican lawmaker claims US is ‘hiding evidence’ of UFOs which ‘defy physics as we know it’ Watch: Congress holds hearing on UFOs What to expect from the House committee hearing looking into UFOs Biden looks to provide relief from extreme heat as record temperatures persist
2023-07-27 12:59
Biden is welcoming far-right Italian Prime Minister Meloni for White House talks
President Joe Biden is set for talks with Italian Prime Minister Giorgia Meloni on Thursday, welcoming the far-right leader who has won praise from the U.S. administration for her strong backing of the U.S.-led effort to assist Ukraine as it tries to fend off the Russian invasion. The warm reception comes after initial trepidation in the Biden administration about Meloni, who rose to power last year as the head of Italy’s most far-right government since the end of World War II. Biden administration concerns about her ideology have been eased by her support for Ukraine and her seeming openness to pull back from Italy's participation in China's infrastructure-building Belt and Road Initiative. Her visit comes as Italy prepares to take up the presidency next year of the Group of Seven industrialized nations. White House officials said that in addition to discussing Ukraine and China, the two leaders were expected to discuss migration from North Africa to Europe's southern shores. More than 1,900 migrants have died or gone missing in the Mediterranean so far this year, bringing the total of dead and missing since 2014 to 27,675, according to the International Organization for Migration. “On issues of foreign policy, there’s been a lot of overlapping and mutually reinforcing approaches that we’re taking on with Italy,” White House National Security Council spokesman John Kirby said. “Italy is a NATO ally and they are a very competent NATO ally and they’ve been a tremendous supporter of Ukraine.” The Biden administration viewed Meloni's predecessor, economist and former European Central Bank chief Mario Draghi, as an intellectual force and one of its strongest allies in Europe. Soon after Meloni's victory last September, Biden warned about the rise of hard-right populism in Europe and in the United States. “You just saw what’s happened in Italy in that election,” Biden said in an address to the Democratic Governors Association after Meloni’s victory last September. “You’re seeing what’s happening around the world. And the reason I bother to say that is we can’t be sanguine about what’s happening here either.” Meloni became Italy’s first far-right leader to hold the premiership in Italy’s post-World War II republic after the Brothers of Italy party she co-founded more than a decade ago emerged as the largest vote-getter in the September 2022 elections. Her Brothers of Italy party, named after the first words of Italy’s national anthem, has roots in a party founded by nostalgists for fascism following the demise of dictator Benito Mussolini’s regime. But Meloni brushes off any insinuation that she is nostalgic for Mussolini, writing in her autobiography, “I don’t hold the cult of fascism.” Since coming to power, Meloni has faced criticism for her government's direction that city halls stop automatically registering both parents in same-sex couples but instead limit recognition of parental rights only to the biological parent of the child. When Meloni ran for the premiership, she called for a naval blockade of northern Africa to thwart smugglers’ boats overcrowded with migrants determined to reach Europe’s southern shores. But once in office, she quickly dropped talk of any blockade. On the eve of Meloni's visit, the White House sought to stress the U.S. and Italy's close cooperation on Ukraine. Kirby noted that Meloni has been one of the European Union’s most vocal supporters of Ukraine's sovereignty, and Italy has hosted some 170,000 Ukrainians who have fled the war. Meloni has also been a champion of a stronger NATO and views the trans-Atlantic alliance as the linchpin of traditionally strong U.S.-Italian relations. “From a foreign policy lens, the Biden administration sees this is better than what they could have possibly expected or hoped for,” said Max Bergmann, director of the Europe, Russia and Eurasia Program at the Center for Strategic and International Studies in Washington. The prime minister has also expressed skepticism about Italy's ties with China through the Belt and Road Initiative. In 2019, Italy became the first and only G7 nation to join China’s ambitious infrastructure building effort, despite objections from the United States. The project was launched by Beijing in 2013 by President Xi Jinping to link East Asia and Europe through physical infrastructure. The ambition for the project has expanded to Africa, Oceania and Latin America, significantly broadening China’s economic and political influence. Italy must either renew or abandon the accord by early next year. Kirby called Italy's decision on whether to stay in Belt and Road a “sovereign decision” but added that “it's becoming increasingly obvious that more and more countries around the world are seeing the risks, and quite frankly lack of reward for economic partnerships with China.” Meloni is also scheduled to meet with Republican House Speaker Kevin McCarthy on Thursday at the U.S. Capitol. ___ D'Emilio reported from Rome. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide One of Libya’s rival prime ministers returns to Tripoli on 1st commercial flight from Italy in years Italy's Meloni opens conference that aims to stanch flows of migrants to Europe with aid to Africa Rights activists fear Tunisia deal will be model for bartering EU money for migrants' lives
2023-07-27 12:21
China’s Military Probes Slew of Graft Issues Going Back to 2017
China’s military has launched an inquiry into corruption linked to procuring hardware going back more than five years,
2023-07-27 11:57
Oil Resumes Rally as Asian Equities Gain, US Inventories Decline
Oil advanced, tracking gains in wider Asian equity markets, after US crude inventories declined and the Federal Reserve
2023-07-27 11:24
Braves trade target breaks fans' hearts before potential move
The Braves are reportedly interested in trading for Red Sox outfielder Adam Duvall for a possible reunion, but not before Duvall broke Atlanta's heart.Of the many possible moves that the Atlanta Braves could make at the upcoming MLB trade deadline, one that has been persistent has been the ...
2023-07-27 09:57
Ammon Bundy ordered to pay $26 million to Idaho hospital, its CEO and 2 staff members
Ammon Bundy, the Idaho-based anti-government activist who captured national attention seven years ago when he led an armed occupation of federal land in Oregon, has been ordered to pay $26 million dollars to a Boise hospital, its CEO, a doctor and a nurse practitioner.
2023-07-27 09:56
Hedges Against Risk of Yen Surge Hit Four-Month High Before BOJ
Traders are ramping up protection against a surge in the yen as speculation remains alive that the Bank
2023-07-27 09:53
ASK Plans to Raise Up to $122 Million for Private Debt
ASK Group plans to raise as much as 10 billion rupees ($122 million) for its debut private credit
2023-07-27 09:51
Asian Stocks Mixed Post-Fed Open; Wary Eyes on Yen: Markets Wrap
Asian equities were varied after the Federal Reserve hiked interest rates to a 22-year high and indicated that
2023-07-27 08:57
2023 Women's World Cup: Ireland showed it belongs on the world stage
With a 2-0 defeat to Canada in the second Group B contest, the Republic of Ireland were officially eliminated from the World Cup, but that does not tell the whole story.In its first-ever Women's World Cup appearance, the Republic of Ireland sent a message to the world.Irish women's...
2023-07-27 08:54
