
Typhoon Doksuri shuts businesses, grounds flights in Taiwan
By Yimou Lee and Ann Wang TAIPEI Southern Taiwan on Thursday shut businesses and schools while airlines cancelled
2023-07-27 11:19

Hong Kongers Set to Get Longer Visa-Free Time in Malaysia
Hong Kongers are set to get longer visa-free stays in Malaysia, according to people with direct knowledge of
2023-07-27 10:58

Russia-Africa summit: Putin seeks to extend influence
Russia's president is hosting a summit of African leaders in a bid to increase Moscow's influence.
2023-07-27 10:54

Astros, Rangers benches clear after Adolis Garcia grand slam
The Astros and Rangers rivalry got ultra-heated on Wednesday night with the benches clearing and multiple ejections after an Adolis Garcia grand slam.After the Houston Astros took the first two games of their crucial series against the rival Texas Rangers, they went for the sweep on Wednesday ni...
2023-07-27 10:53

Macquarie Tumbles After Flagging Profit Hit on Weak Trading
Macquarie Group Ltd. said weak trading conditions in the first quarter will mean profit is “substantially down” from
2023-07-27 10:27

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

China’s Industrial Profits Keep Declining Amid Deflation Risks
China’s industrial profits dropped at a slower pace in June, though worsening factory-gate deflation and slowing consumer spending
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

Senator John Fetterman gives emotional speech about disability rights after recovering from stroke
Senator John Fetterman (D-PA) delivered an emotional speech about his disability to commemorate the 33rd anniversary of the Americans with Disabilities Act. Mr Fetterman spoke via video message in his signature Carhartt shirt at the American Association of People with Disabilities’ celebration of the landmark law that passed in 1990 with overwhelming bipartisan support. During his campaign for Senate last year, Mr Fetterman suffered a stroke which affected his auditory processing. As a result, he now uses speech-to-text technology. “The reality is that all Americans should be able to get access to the support that they need,” he said. “The Americans with Disabilities Act makes this possible.” In February, Mr Fetterman checked into Walter Reed Medical Center to undergo treatment for depression. He checked out at the end of March and has since returned to the United States Senate. “I want to thank your community for the work that you have done to make sure people with disabilities can run for and win office,” he said. Mr Fetterman appeared at the celebration with other elected officials including Sen Tammy Duckworth (D-IL); Steny Hoyer (D-MD), the former House majority whip; and Rep Debbie Dingell (D-MI). Transportation Secretary Pete Buttigieg also attended. “Now that I’m a senator, I’m going to continue to fight for disability rights in DC,” Mr Fetterman said. But many of the people at the event also highlighted the work that needed to be done to make places more accessible. Ms Duckworth, who lost both of her legs serving in the Iraq War, talked about how she took her two daughters to see the Barbie movie but could not go because the elevator did not work. “And so my two girls watched a movie with their nanny with me sitting outside for two and a half hours waiting for them to be done,” Ms Duckworth said, noting how nobody had informed her that the elevator was broken until after she bought a ticket. “It is 2023 folks we can and will and should do better.” She also pointed out how it is still legal to pay people with disabilities below the minimum wage and that medical equipment continues to get broken when people with disabilities travel by air. As a result, she said she is pushing for wheelchairs to be considered complex medical devices so they could not be destroyed. Similarly, Transportation Secretary Pete Buttigieg appeared over the video to discuss how the Transportation Department had begun preliminary work to stay in their wheelchairs as they fly. “And today we’re pleased to officially announce the rule that will increase the size of accessibility of airplane bathrooms to better accommodate access on board,” he said. The anniversary comes after many people who helped pass the ADA such as disability rights Judith Heumann and the late Sen Lowell Weicker, a Republican from Connecticut, and C Boyden Gray, an adviser to former president George HW Bush, passed away earlier this year. Ms Duckworth spoke about how eventually, plenty of people will need to use the accommodations that the ADA guarantees. “I hope one day you develop one because that will mean that you've lived a long life and maybe that you'll care about disabled access,” she said. Read More Back in hoodies and gym shorts, Fetterman tackles Senate life after depression treatment Hunter Biden’s plea deal appears at risk of falling apart. What happens next? Trump wants to see Biden impeached, and other Republicans are quick to pile on House UFO hearing probes claims of physics defying technology
2023-07-27 08:30

Private Credit Lures $71 Billion in Second Quarter, Preqin Says
Demand for private credit rebounded globally in the second quarter, with 34 new funds raising $71.2 billion, more
2023-07-27 07:47

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