Handelsbanken to Sell Most of Finnish Unit for €1.3 billion
Swedish lender Svenska Handelsbanken AB has taken a major step toward exiting Finland after it struck agreements to
2023-05-31 15:16
Finland Revises Down First-Quarter GDP Rise as Investments Drop
Finland’s economy grew clearly less in the first quarter than previously estimated, with consumers still helping the Nordic
2023-05-31 14:53
Bitcoin Faces First Monthly Drop of 2023 as Crypto Revival Cools
The crypto rebound is losing steam, leaving Bitcoin on course for its worst month since the FTX exchange
2023-05-31 14:52
Oil Holds Deep Slump on Weak Demand Signals Ahead of OPEC+ Meet
Oil held its biggest decline in four weeks on signs of weaker demand and sufficient supply ahead of
2023-05-31 14:50
Macquarie Said to Weigh Sale of $2 Billion Korean Gas Firm
Macquarie Group Ltd. is considering selling South Korea’s DIG Airgas Co. at a valuation of more than $2
2023-05-31 14:18
Trump news – live: ‘Snitch’ fears grow in Mar-a-Lago papers probe as Biden laughs off possible Trump pardon
As the probe into whether former President Donald Trump or his advisers broke the law in their retention of documents including some potentially classified material from the White House nears its end, Mr Trump’s legal team is said to be fearing disloyalty. The Daily Beast reported on Tuesday that the former president’s attorneys supposedly worry that some among them may decide to start talking to the Department of Justice, becoming witnesses in the case, as the attention of the agency turns to the actions of the legal team themselves. The probe into Mr Trump’s handling of presidential records, including classified documents, exploded into the public eye last year when FBI agents raided Mar-a-Lago, Mr Trump’s home and resort in Florida. In addition, one of Mr Trump’s attorneys said he was “waved off” from searching the former president’s office for classified documents in the weeks before the FBI court-authorised search. Meanwhile, President Joe Biden was asked on Monday whether he would ever consider a pardon for the former president — as Florida Governor Ron DeSantis said he would having announced his 2024 campaign for the presidency. Mr Biden laughed off the notion. Read More Donald Trump’s legal team and Manhattan prosecutors spar over where he will stand trial Trump White House official Peter Navarro to go on trial in September in Jan 6 contempt case Trump still dominates in first 2024 GOP poll since DeSantis announcement
2023-05-31 13:54
India Seeks More Disclosures from Foreign Funds After Adani Saga
India’s capital markets regulator proposes to seek more disclosures from foreign funds with large holdings in local stocks
2023-05-31 13:53
Australia’s Relentless Price Pressures Boost Rate-Hike Bets
Australia’s inflation accelerated faster than expected in April driven by higher fuel and housing prices, snapping three months
2023-05-31 13:47
‘Putin’s only response is violence’: How Russia is expected react to the drone attack on Moscow
Russia suffered a surprise attack in the early hours of Tuesday morning when as many as 30 drones zeroed in on Moscow, bringing Vladimir Putin’s Ukraine war to his own doorstep after 15 months of bloody conflict. The country’s defence ministry has only admitted to sighting eight drones, all of which it says were shot down, causing only minimal damage and injuring just two people. Even if that is true, the incident follows an assault on the Kremlin earlier this month and creates a problem for Mr Putin, who has so far largely been able to shield Russian citizens from the realities of the war. Life has been allowed to proceed as normal in the capital but the sight of debris hitting some of the city’s most prestigious areas – including the grand Soviet-era Leninsky Prospekt Avenue and the Odintsovsky District, in which the wealthy elite, including Mr Putin, have residences – cannot have gone unnoticed. Residents in southwestern Moscow reported hearing loud bangs at between 2am and 3am BST on Tuesday morning, followed by the smell of petrol, while some filmed the unmanned devices being downed in smoke over the city skyline. “It is, of course, obvious that this is an attack by the Kyiv regime,” Kremlin spokesman Dmitry Peskov told reporters. “And this must be absolutely clearly understood.” Kyiv has itself been under siege from drone strikes by the aggressor in recent days, but Ukrainian presidential adviser Mykhailo Podolyak denied his side was behind the attack, adding drolly: “Of course, we are pleased to watch and predict an increase in the number of attacks.” Mr Putin is said to have been briefed early on Tuesday about the strikes and continued working in the Kremlin, later saying only that the episode was intended to “intimidate” and “clearly a sign of terrorist activity”. He will surely respond militarily, even if his initial instinct is to downplay the extent of the damage. Writing on Telegram, Russian political analyst Tatiana Stanovaya, a senior fellow at the Carnegie Russia Eurasia Center, said the president’s eerie calm was about projecting the impression that he “isn’t afraid” because his control is “built on the idea that has been voiced more than once … [that Russians are] a patient people who will understand everything and endure everything”. Mr Putin has so far left much of the sabre-rattling following the attack to others, such as lawmaker Alexander Khinshtein, who warned his countrymen: “The sabotage and terrorist attacks of Ukraine will only increase. It is necessary to radically strengthen defence and security measures, especially in terms of countering drones.” Another politician, Andrei Kartapolov, told local media the attack was a Ukrainian endeavour “designed to create a wave of panic”. Speaking to The Independent, Tim White, a Ukraine expert and journalist, commented: “Putin’s only response is violence, we’ve seen it time and time again. “The problem is how much of his arsenal is left? I strongly suspect there was another large shipment of drones from Iran recently, hence the big uptick in drone strikes. “But I believe this tactic is primarily to locate Ukraine’s air defence systems, especially its Patriot [missile] systems, and get Ukraine to exhaust its own air defence missile stocks. The Kremlin is not able to manufacture missiles as quickly as it is using them.” Among the residents of Moscow, the episode is likely only to entrench existing attitudes towards the war, Mr White said, noting the stranglehold exerted by state media. “I think opinion in Russia will be even more anti-Western rather than anti-Putin,” he said. “The absolute control of the media ensures most people believe the indoctrination, wrongfully describing Ukraine as a nation of Nazis.” That observation has already been borne out, with one woman, Natalia, 59, telling news agency Reuters: “The Kyiv regime is already crossing all the lines. This is very sad, especially since they are directing these drones at residential buildings, at the city, at civilians, where there are no military facilities.” More surprisingly, another resident told the same outlet: “All of this is because of our ruler. It’s no surprise it’s bounced back to here.” As for what might happen next, Mr White is in little doubt that there will be a retaliation, perhaps targeting a region the Kremlin had expected to welcome its “special military operation” with open arms. “My best guess is that there will be a strike on a city, masquerading as a military hit, with what we describe as ‘plausible deniability’,” he said. “But it won’t be Kyiv, which is too well protected judging by the last month’s bombardment. Lviv is a target, but more at risk is likely to be Odesa or Mykolaiv in the south. These are areas that previously spoke almost exclusively Russian and Putin believed would welcome his illegal invasion.” The Russian foreign ministry has already made threats to that effect, declaring: “Russia reserves the right to take the harshest possible measures in response to the terrorist attacks by the Kyiv regime.” Read More Russia-Ukraine war – live: Putin responds after Moscow hit with drone attack Wealthy Moscow suburb where Putin has a home targeted in drone attack Moscow targeted by ‘30 drones’ as Ukraine war reaches Russia’s capital Russian soldiers flee after tank struck by Ukrainian drone The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
2023-05-31 13:29
HKEX Looks to Move Away From Fax Machines By Automating ETF Platform
Hong Kong’s stock exchange is looking to automate its handling of exchange-traded products in a bid to streamline
2023-05-31 13:27
Hollywood beach shooting – live: Photos show suspects on the run after nine shot on Florida boardwalk
Police in Hollywood, Florida are searching for suspects wanted in connection to a mass shooting that left nine victims – including four children – injured on a beach boardwalk in Hollywood, 20 miles north of Miami. The shooting unfolded at about 6.15pm local time near the beach boardwalk in Hollywood, Florida, on Monday as families and friends gathered to enjoy the Memorial Day holiday. Police said a fight is believed to have broken out between two groups on the seafront, which then escalated into gunfire. Chilling video from the incident shows terrified crowds fleeing the busy boardwalk. At least nine people were injured in the mass shooting, including a one-year-old baby and a 17-year-old. Hollywood Police Department spokesperson Deanna Bettineschi said one victim was in surgery late on Monday while the others were stable. Several persons of interest were detained following the incident with two arrested for firearm charges. Now, police are searching for three people in connection to the shooting. Authorities released images of the three suspects and are asking the public for help identifying them. Read More Tourists flee Florida beach in terror as gunshots ring out in harrowing video of Hollywood shooting A sunny Memorial Day at the beach upended by gunfire: What we know about the shooting in Hollywood, Florida Ron DeSantis called out for ‘ignoring’ Hollywood beach shooting: ‘He doesn’t care’
2023-05-31 13:23
UBS Family Office Clients Boost Hedge-Fund Bets Amid Volatility
UBS Group AG’s family office clients have increased allocations to hedge funds as they focus on active ways
2023-05-31 13:15
You Might Like...
Germany Risks €24 Billion Budget Hole, Lawmaker Says
Factbox-Developing countries facing a debt crunch
FIFA Chief Fumbles in Urging Female Stars to Seek Pay Equity
Treasury Yields Reverse as Traders Repeat ‘Never Trade on ADP’
German Budget Mess Could Inflict Big Growth Hit in 2024, BE Says
Former BNY Mellon Executive Says He Was Fired for Aiding Friend’s Complaint
Georgia’s Kemp Becomes GOP Kingmaker Despite Rift With Trump
Top Dubai Crypto Official to Step Down After Less Than Year