
The Fed’s Interest-Rate Debate Is Shifting
As Federal Reserve officials close in on the end of their tightening campaign, the debate is shifting from
2023-08-15 17:27

Federer-Backed Shoemaker On Says Strong Franc Weighs on Sales Growth
Swiss shoemaker On Holding AG said the strength of the franc will dampen its ability to fully capitalize
2023-08-15 17:16

Finland's former Prime Minister Alexander Stubb will run for president in 2024
Finland’s former Prime Minister Alexander Stubb said Tuesday he will run as a candidate in the presidential election early next year, in a race that also includes a popular former Finnish foreign minister who was a key negotiator of the Nordic country’s recent membership in NATO. Stubb, 55, who headed the Finnish government in 2014-2015 and later served as foreign minister, said he was “both honored and thankful for the trust bestowed upon me.” Prime Minister Petteri Opo and Finland’s conservative National Coalition Party had asked him to run. The Finnish head of state is elected by a popular vote every six years. Finland’s president has substantial powers, particularly in matters related to foreign and security policy, which the president decides together with the government. The president also signs bills into law, can veto legislative proposals and acts as Finland’s supreme military commander. The two-leg Finnish presidential elections will be held in January and February 2024. Stubb's candidacy is important for Finland's center-right parties, Finnish broadcaster YLE said, noting that Stubb has a “phenomenal ability to collect votes” and that there is widespread respect for his language skills, international contacts and ability to make quick decisions. Stubb, who is known for being very active on X, the platform formerly known as Twitter, will face the popular former Finnish Foreign Minister Pekka Haavisto among others. Haavisto, the former leader of the Greens party, will run as an independent candidate. He stepped down as foreign minister following April’s general election, which the center-side won, ousting a center-left government. Haavisto is one of Finland’s most popular politicians and topped recent presidential polls by several media outlets. He was the runner-up in the 2012 and 2018 presidential elections but was beaten on both occasions by current President Sauli Niinistö, whose second six-year term ends in March 2024. He is not eligible for reelection. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-08-15 16:57

Danish GDP Grew For Third Quarter As Pharma Boosts Economy
Denmark’s economy expanded for the third consecutive quarter as Novo Nordisk A/S and other Danish drugmakers enjoy massive
2023-08-15 16:49

European Stocks Decline as China Concerns Build; UK Stocks Lag
European equities slipped amid light trading, as China’s central bank decision to unexpectedly cut a key interest rate
2023-08-15 16:20

China Mulls Stamp Duty Cut to Revive Slumping Stock Market
Chinese authorities are considering cutting the stamp duty on stock trades for the first time since 2008, people
2023-08-15 15:58

Iron Ore Climbs as China’s PBOC Cuts Rates to Support Recovery
Iron ore gained and copper fluctuated as China’s central bank cut rates to support a sputtering recovery, with
2023-08-15 15:56

Malaysia Former Premier Muhyiddin Freed of Graft Charges
Malaysia’s former Prime Minister Muhyiddin Yassin said a court judge had acquitted him of four abuse of power
2023-08-15 15:29

Trump lashes out on Truth Social over Georgia election plot charges – and spells ‘indicted’ wrong
Donald Trump railed against “out of control” Fulton County District Attorney Fani Willis – and spelled “indicted” wrong – as he hit back at the sweeping 98-page indictment handed down in Georgia. The former president and 18 of his allies were hit with a total of 41 criminal counts under Georgia’s Racketeer Influenced and Corrupt Organizations (RICO) statute, over their efforts to overturn the 2020 presidential election in the state. Taking to Truth Social in the early hours of the morning on Tuesday, the former president ranted that the indictment is “rigged” and a “Witch Hunt”, while also managing to mispel the “indicted” as “Indicated”. “So, the Witch Hunt continues! 19 people Indicated tonight, including the former President of the United States, me, by an out of control and very corrupt District Attorney who campaigned and raised money on, ‘I will get Trump’,” he fumed. “And what about those Indictment Documents put out today, long before the Grand Jury even voted, and then quickly withdrawn? Sounds Rigged to me! “Why didn’t they Indict 2.5 years ago? Because they wanted to do it right in the middle of my political campaign. Witch Hunt!” In an appearance on Fox News Digital on Monday night, he called the indictment “politically-inspired” and said that DA Willis “should focus on the people that rigged the 2020 presidential election, not those who demand an answer as to what happened”. “This politically-inspired indictment, which could have been brought close to three years ago, was tailored for placement right smack in the middle of my political campaign,” Mr Trump said. “Just like she has allowed Atlanta to go to hell with all of its crime and violence, so too has Joe Biden allowed the United States of America to go to the same place with millions of people invading our country, inflation, bad economy, no energy, and lack of respect all over the world.” In the sweeping indictment, Mr Trump was charged with 13 criminal counts of: violating RICO’s statute, conspiracy to impersonate a public officer, two counts of conspiracy to commit forgery, two counts of conspiracy to make false statements under oath, two counts of conspiracy to file false documents, two counts of solicitation of a public officer, filing false documents, conspiracy to solicit false statements, and making false statements. In total, the former president is facing 91 charges from four separate criminal cases. On 1 August, he was hit with a federal indictment over his efforts to overturn the 2020 election and the events leading up to the January 6 Capitol riot, following an investigation led by special counsel Jack Smith’s office. Mr Trump was hit with four federal charges of conspiracy to defraud the United States, conspiracy to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding, and conspiracy against rights. In that case, the Justice Department alleged that Mr Trump and his circle of co-conspirators – who did not face charges – knew that he had lost the election but launched a multi-prong conspiracy to do everything they could to enable him to cling to power. This included spreading “knowingly false claims of election fraud to get state legislators and election officials to subvert the legitimate election results and change electoral votes for the Defendant’s opponent, Joseph R. Biden, Jr., to electoral votes for the Defendant”, the indictment states. Mr Trump and his allies also allegedly plotted to send slates of fake electors to seven “targeted states” of Arizona, Georgia, Michigan, Nevada, New Mexico, Pennsylvania and Wisconsin which President Joe Biden had won – to get them to falsely certify the election for Mr Trump. The indictment also alleges Mr Trump tried to use the DOJ to “conduct sham election crime investigations”, sending letters to the seven states claiming that “significant concerns” had been found in the elections in those states. As well as the false claims about the election being stolen from Mr Trump, the scheme also involved pushing false claims that Vice President Mike Pence had the power to alter the results – and pushing Mr Pence to “fraudulently alter the election results”. When Mr Trump’s supporters stormed the US Capitol in a violent attack that ended with five deaths, Mr Trump and his co-conspirators “exploited” the incident by “redoubling efforts to levy false claims of election fraud and convince Members of Congress to further delay the certification based on those claims,” the indictment claims. This came after Mr Smith’s office charged Mr Trump for the first time over his alleged mishandling of classified documents on leaving office. Back in April, Mr Trump was charged for the first time with New York state charges following an investigation into hush money payments made prior to the 2016 election. Read More Trump indictment live: Trump and 18 allies ordered to surrender on RICO charges for Georgia election plot In full: The bombshell charges against Trump and his allies in Georgia RICO case How the Georgia indictment against Donald Trump may be the biggest yet and other case takeaways Live updates: Trump and 18 allies ordered to surrender on RICO charges in Georgia Watch: Trump and 18 allies indicted in Georgia over bid to reverse 2020 election loss How the Georgia indictment against Donald Trump may be the biggest yet and other case takeaways
2023-08-15 15:26

Sweden’s Elevated Price Pressure Sets Stage for Another Hike
Swedish core inflation remained on an elevated level in July, keeping pressure on the Riksbank to raise interest
2023-08-15 15:25

Gang of Mississippi police officers known as ‘The Goon Squad’ plead guilty to brutal torture of black men during raid on their home
Six white former police officers pleaded guilty on Monday to state charges for torturing two Black men. The men had sworn an oath to protect and serve were huddled on the back porch of a Mississippi home as Michael Corey Jenkins lay on the ground, blood gushing from his mutilated tongue where one of the police officers shoved a gun in his mouth and pulled the trigger. The roughly 90-minute period of terror preceding the shooting began late on January 24 after a white neighbor called Rankin County Deputy Brett McAlpin and complained that two Black men were staying with a white woman inside a Braxton home. McAlpin tipped off Deputy Christian Dedmon, who texted a group of white deputies who called themselves “The Goon Squad,” a moniker they adopted because of their willingness to use excessive force. “Are y’all available for a mission?” Dedmon asked. They were. Five of the former officers are from Rankin County Sheriff’s Office – Chief Investigator Brett McAlpin, Narcotics Investigator Christian Dedmon, Lieutenant Jeffrey Middleton, Deputy Hunter Elward, and Deputy Daniel Opdyke – while one is from the Richland Police Department, Narcotics Investigator Joshua Hartfield. Some of the group calls themselves the “Goon Squad,” as they were known for “using excessive force and not reporting it.” All pleaded guilty to state charges of obstruction of justice and conspiracy to hinder prosecution. Each reached individual plea agreements that include prison sentences ranging from five to 30 years, according to court records obtained by the Associated Press. The guilty pleas to the state charges arrive just over a week after all six men also pleaded guilty to 16 federal felonies “stemming from the torture and physical abuse” of two Black men. They will be sentenced for the federal charges in mid-November. According to the Justice Department’s release earlier this month, the officers admitted kicking in a door and entering a home belonging to two Black men – Michael Corey Jenkins and Eddie Terrell Parker on 24 January – without a warrant. The two men were handcuffed and arrested – without probable cause to believe they had committed any crime. The officers “called them racial slurs, and warned them to stay out of Rankin County,” according to the release. The officers reportedly “punched and kicked” Mr Jenkins and Mr Parker, “tased them 17 times, forced them to ingest liquids, and assaulted them with a dildo.” Court records detail how they burst into a home without a warrant, handcuffed Jenkins and Parker, assaulted them with a sex toy and beat Parker with wood and a metal sword. They poured milk, alcohol and chocolate syrup over their faces and then forced them to strip naked and shower together to conceal the mess. Then one of them put a gun in Jenkins’ mouth and fired. As Jenkins lay bleeding, they didn’t render medical aid. They knew the mission had gone too far and devised a hasty cover-up scheme that included a fictitious narcotics bust, a planted gun and drugs, stolen surveillance footage and threats. The deputies were under the watch of Rankin County Sheriff Bryan Bailey, who called it the worst episode of police brutality he has seen in his career. On top of other torturous behaviour, the former officers devised a cover-up, involving making false statements and charging the two men with crimes they did not commit, but also neglected to provide medical aid to them. Law enforcement misconduct in the U.S. has come under increased scrutiny, largely focused on how Black people are treated by the police. The 2020 killing of George Floyd by Minneapolis police ignited calls for sweeping criminal justice reforms and a reassessment of American race relations. The January beating death of Tyre Nichols by five Black members of a special police squad in Memphis, Tennessee, led to a probe of similar units nationwide. In Rankin County, the brutality visited upon Jenkins and Parker was not a botched police operation, but an assembly of rogue officers “who tortured them all under the authority of a badge, which they disgraced,” U.S. Attorney Darren LaMarca said. The county just east of the state capital, Jackson, is home to one of the highest percentages of Black residents of any major U.S. city. A towering granite-and-marble monument topped by a Confederate soldier stands across the street from the sheriff’s office. The officers warned Jenkins and Parker to “stay out of Rankin County and go back to Jackson or ‘their side’ of the Pearl River,” court documents say, referencing an area with higher concentrations of Black residents. Kristen Clarke, head of the Justice Department’s Civil Rights Division, said the trauma “is magnified because the misconduct was fueled by racial bias and hatred.” She mentioned another dark chapter in Mississippi law enforcement: the 1964 kidnapping and killing of three civil rights workers. The violent police misconduct is a reminder “there is still much to be done,” Clarke said. Read More Former Mississippi officers expected to plead guilty to state charges for racist assault Alabama riverfront brawl videos spark a cultural moment about race, solidarity and justice Civil suit can continue against corrupt former deputy linked to death of Mississippi man
2023-08-15 14:59

Six former Mississippi police officers plead guilty to state charges for torturing two Black men
Six white former police officers pleaded guilty on Monday to state charges for torturing two Black men. The men had sworn an oath to protect and serve were huddled on the back porch of a Mississippi home as Michael Corey Jenkins lay on the ground, blood gushing from his mutilated tongue where one of the police officers shoved a gun in his mouth and pulled the trigger. The roughly 90-minute period of terror preceding the shooting began late on January 24 after a white neighbor called Rankin County Deputy Brett McAlpin and complained that two Black men were staying with a white woman inside a Braxton home. McAlpin tipped off Deputy Christian Dedmon, who texted a group of white deputies who called themselves “The Goon Squad,” a moniker they adopted because of their willingness to use excessive force. “Are y’all available for a mission?” Dedmon asked. They were. Five of the former officers are from Rankin County Sheriff’s Office – Chief Investigator Brett McAlpin, Narcotics Investigator Christian Dedmon, Lieutenant Jeffrey Middleton, Deputy Hunter Elward, and Deputy Daniel Opdyke – while one is from the Richland Police Department, Narcotics Investigator Joshua Hartfield. Some of the group calls themselves the “Goon Squad,” as they were known for “using excessive force and not reporting it.” All pleaded guilty to state charges of obstruction of justice and conspiracy to hinder prosecution. Each reached individual plea agreements that include prison sentences ranging from five to 30 years, according to court records obtained by the Associated Press. The guilty pleas to the state charges arrive just over a week after all six men also pleaded guilty to 16 federal felonies “stemming from the torture and physical abuse” of two Black men. They will be sentenced for the federal charges in mid-November. According to the Justice Department’s release earlier this month, the officers admitted kicking in a door and entering a home belonging to two Black men – Michael Corey Jenkins and Eddie Terrell Parker on 24 January – without a warrant. The two men were handcuffed and arrested – without probable cause to believe they had committed any crime. The officers “called them racial slurs, and warned them to stay out of Rankin County,” according to the release. The officers reportedly “punched and kicked” Mr Jenkins and Mr Parker, “tased them 17 times, forced them to ingest liquids, and assaulted them with a dildo.” Court records detail how they burst into a home without a warrant, handcuffed Jenkins and Parker, assaulted them with a sex toy and beat Parker with wood and a metal sword. They poured milk, alcohol and chocolate syrup over their faces and then forced them to strip naked and shower together to conceal the mess. Then one of them put a gun in Jenkins’ mouth and fired. As Jenkins lay bleeding, they didn’t render medical aid. They knew the mission had gone too far and devised a hasty cover-up scheme that included a fictitious narcotics bust, a planted gun and drugs, stolen surveillance footage and threats. The deputies were under the watch of Rankin County Sheriff Bryan Bailey, who called it the worst episode of police brutality he has seen in his career. On top of other torturous behaviour, the former officers devised a cover-up, involving making false statements and charging the two men with crimes they did not commit, but also neglected to provide medical aid to them. Law enforcement misconduct in the U.S. has come under increased scrutiny, largely focused on how Black people are treated by the police. The 2020 killing of George Floyd by Minneapolis police ignited calls for sweeping criminal justice reforms and a reassessment of American race relations. The January beating death of Tyre Nichols by five Black members of a special police squad in Memphis, Tennessee, led to a probe of similar units nationwide. In Rankin County, the brutality visited upon Jenkins and Parker was not a botched police operation, but an assembly of rogue officers “who tortured them all under the authority of a badge, which they disgraced,” U.S. Attorney Darren LaMarca said. The county just east of the state capital, Jackson, is home to one of the highest percentages of Black residents of any major U.S. city. A towering granite-and-marble monument topped by a Confederate soldier stands across the street from the sheriff’s office. The officers warned Jenkins and Parker to “stay out of Rankin County and go back to Jackson or ‘their side’ of the Pearl River,” court documents say, referencing an area with higher concentrations of Black residents. Kristen Clarke, head of the Justice Department’s Civil Rights Division, said the trauma “is magnified because the misconduct was fueled by racial bias and hatred.” She mentioned another dark chapter in Mississippi law enforcement: the 1964 kidnapping and killing of three civil rights workers. The violent police misconduct is a reminder “there is still much to be done,” Clarke said. Read More Former Mississippi officers expected to plead guilty to state charges for racist assault Alabama riverfront brawl videos spark a cultural moment about race, solidarity and justice Civil suit can continue against corrupt former deputy linked to death of Mississippi man
2023-08-15 14:51