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Showing posts from May, 2022

Gustavo de Arístegui on Spain’s new position

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Gustavo de Arístegui is a Spanish politician, diplomat and an international analyst. He comes from a long-standing diplomatic background, his father and grandfather were both senior diplomats posted as ambassadors in Latin America, Europe and the Middle East. Gustavo de Arístegui was elected to Parliament from the Basque region for three terms and served as Shadow Foreign Minister from 2008–2012. He is currently a member of the Board of the European Council of Foreign Relations and has authored four books on Arab politics and Islam. Gustavo de Arístegui also expressed hopes that the new parameters that now guide the Spanish position should also “inspire” the whole world and lead to “a reconciliation between Algeria and Morocco. A reconciliation that may require time, but that is what we all want,” he said, commenting the recent message addressed to HM King Mohammed VI by the President of the Spanish government, Pedro Sanchez, in which he confirms his support for the autonomy plan in t

CBI Raids Former Jharkhand Minister's Home In National Games Scam Case

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  National games Scam: The search was done in connection with alleged irregularities in the multi-crore games equipment purchases for the 34th National Games held in Ranchi in 2011. CBI on Thursday conducted searches at 16 locations, including the residence of former Jharkhand Sports Minister Bandhu Tirkey, in connection with the alleged irregularities in the multi-crore games equipment purchases for the 34th National Games held in Ranchi in 2011, officials said. Besides Mr Tirkey, the CBI also searched the premises of noted lawyer RK Anand, who was the working chairman of the National Games Organising Committee, in the national capital. The premises of the then director sports of the state PC Mishra, organising secretary of national games Madhukant Pathak, organising secretary HM Hashmi are also being searched. As part of the Central Bureau of Investigation (CBI) operation, seven places in Ranchi and five locations in Dhanbad are also being searched, officials said. Mr Tirkey was rece

Vijay Singla sacked as Punjab health minister over corruption charges, sent to police remand till May 27

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 Singla was allegedly taking 1 pc commission on all tenders floated by Health and Family Welfare department Singla was arrested by Anti-Corruption cell of the Punjab Police . Singla was taken to the Phase VII police station in Mohali. An FIR number 65 under Sections 7 and 8 of the Prevention of Corruption Act was registered against Singla. He was later presented before the court of Ravtesh Inderjit Singh, which sent him to a three-day police remand till May 27. The Chief Minister said the health minister was involved in corruption cases and they had proof of that. He was allegedly asking for kickbacks in a tender. Singla was allegedly taking one per cent commission on all tenders floated by Health and Family Welfare department. Later in the evening, the Chief Minister’s office sought the approval of the Punjab Governor for dropping the health minister, which was granted by Governor Banwari Lal Purohit. CM Mann, earlier, said the decision was taken to ensure that his government remains

New BTS show on Apple Music to trace the band's journey to global superstardom

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  Weekly limited series ‘BTS Radio: Past & Present’ launches on the streaming platform on May 28 BTS will reveal their gradual journey to becoming K-pop superstars through a new Apple Music weekly limited series launching on Saturday. The streaming service announced on Thursday that the record-breaking South Korean group will release their new show BTS Radio: Past & Present on Apple Music 1 . The three-episode limited series will be broadcast weekly, leading up to the release of the band’s new album, Proof , which will be out on June 10. The Grammy Award-nominated band will take listeners on their quest to stardom, while sharing stories and songs that helped to shape them. The group are known for their hit songs such as Dynamite and Butter . “We wanted to use this radio show to celebrate nine years of BTS with you guys and with our Army all over the world,” said RM, of the seven members of the boy band. The others are J-Hope, Suga, Jungkook, V, Jin and Jimin. “Every episode is

"Grossly Illegal": Karti Chidambaram's Move Against CBI Over Raids

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  Karti Chidambaram was summoned for the second day by the CBI on Friday after being questioned for nine hours over accusations of partaking in an alleged “visa scam”. Congress leader Karti Chidambaram has written to Lok Sabha Speaker Om Birla, alleging that his privileges and rights as a parliamentarian were breached by the Central Bureau of Investigation (CBI) when they confiscated work documents during a raid last week. “I have become the victim of a grossly illegal and patently unconstitutional action. The Central Bureau of Investigation, in the garb of conducting an investigation into an 11-year-old decision of the Government of India in which I have absolutely no involvement, raided my residence in Delhi,” he wrote in the letter to Om Birla. “In the course of this so-called raid, certain officers of the CBI seized my highly confidential and sensitive personal notes and papers pertaining to the Parliamentary Standing Committee for Information and Technology, of which I am a Memb

Husband of teacher killed in Texas shooting dies of heart attack

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  Joe Garcia, 50, dies after delivering flowers to wife’s memorial The husband of a teacher killed in the Texas school shooting has died from a heart attack, his family say. Joe Garcia was preparing for the funeral of Irma Garcia, his high school sweetheart and wife of 24 years, when he collapsed and died on Thursday, his nephew John Martinez told The New York Times . The couple leave behind four children, with the oldest 23 and the others teenagers, according to The Times . Irma Garcia, 46, was one of two teachers killed on Tuesday at the Robb Elementary School in Uvalde, Texas, along with 19 children. Relatives briefed by authorities said Garcia and her co-teacher Eva Mireles died trying to protect their pupils. “Extremely heartbreaking and come with deep sorrow to say that my Tia Irma’s husband Joe Garcia has passed away due to grief, I truly am at a loss for words for how we are all feeling,” Mr Martinez wrote on his Twitter account, using the Spanish word for “aunt” and requesti

President Sheikh Mohamed receives condolences from Canadian Prime Minister Justin Trudeau

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  Leaders keen to strengthen bilateral relations across all fronts The President, Sheikh Mohamed, received condolences on the death of Sheikh Khalifa from Canadian prime minister Justin Trudeau on Thursday. During the phone call, Mr Trudeau also congratulated Sheikh Mohamed on his election as President and wished him continued success in leading the country towards a new phase of prosperity, state news agency WAM reported. The Canadian prime minister said his country was keen to strengthen bilateral relations across all fronts. Sheikh Mohamed expressed his appreciation for Mr Trudeau’s message of support. He said the UAE is eager to expand its strong ties with Canada. The UAE is Canada’s largest export market in the Mena region and is the 20th largest foreign investor in Canada. Bilateral trade increased by 24 per cent in 2021, reaching more than $2.5 billion.

CBI Arrests Real Estate Firm Chairman In Yes Bank-DHFL Scam Case

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 The CBI suspects that illegal funds were routed through several real estate companies based in Maharashtra The CBI today arrested Avinash Bhosale, chairman of Pune-based ABIL group that is into real estate, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of DHFL, officials said. The CBI suspects that illegal funds were routed through several real estate companies based in Maharashtra, they said. The agency had carried out searches at the premises of some builders in the state on April 30 to further probe on this aspect of the case, they said. The premises of ABIL and Mr Bhosale were also searched during the operation. The CBI has now arrested Mr Bhosale in a 2020 case against Mr Kapoor and Mr Wadhawan, among others, for alleged corruption. The CBI recently arrested Sanjay Chhabria of Radius Developers in the case. The probe agency alleged that Mr Kapoor entered into a criminal conspiracy with Mr Wadhawan for giving financial aid to DHFL through

WEF 2022: Head of Saudi Arabia’s AlUla project highlights importance of investing in arts, culture

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 Saudi Arabia’s head of the Royal Commission for AlUla has praised the role of arts and culture in sustaining resilient and creative communities, saying that investing in art creators is important to economies and to the healthy growth of societies. Speaking during a livestreamed panel session called “Culture Shock” at the World Economic Forum in Davos on Tuesday, Amr Al-Madani described artists as “resilient,” adding that “art creators are essential contributors to the economy and healthy growth,” and “are as important as infrastructure and assets.” He added: “For those who are in the investment world, your capital with the artists and creatives will always have much higher return than your capital invested anywhere else, in the long term.” The panel session was moderated by Jeanne Bourgault, president and CEO of Internews. Bourgault asked Al-Madani to outline cultural preservation initiatives as well as the economic development taking place as part of the regeneration of AlUla, Saudi

'Death threats' and 'humiliation' bring Depp-Heard trial to close

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  Closing arguments due tomorrow before the case is handed to the jury A weeping Amber Heard said on Thursday that she had received death threats all throughout the “painful” defamation trial brought by her former husband, actor Johnny Depp. “I am harassed, humiliated, threatened every single day,” the Aquaman star said on the final day of witness testimony in the sometimes excruciating trial, which is in its sixth and final week. “I receive hundreds of death threats regularly, if not daily, thousands since this trial has started, people mocking my testimony about being assaulted.” Depp filed the $50 million suit against Heard after she wrote an opinion piece for The Washington Post in which she called herself “a public figure representing domestic abuse”, although she never named him. In spite of losing a similar case in the UK, where it is significantly easier to win defamation cases, he chose to file a second case against her. The trial is being held in Fairfax, Virginia, even tho

Texas police waited an hour to tackle school shooter

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  Salvador Ramos shot his grandmother in the face before he left the home they shared, but she survived and called police Police in the Texas town of Uvalde are facing mounting criticism after it surfaced on Thursday that it took about an hour for officers to shoot the gunman who attacked a primary school, killing 19 children and two teachers. America’s deadliest school shooting in a decade ended when a tactical team from the US Border Patrol, which has a base close to Robb Elementary School, entered and killed the attacker, Salvador Ramos, 18. But local police agencies had already been at the scene for about an hour, Texas Department of Public Safety Regional Director Victor Escalon said. They did not enter the school because they had received gunfire from Ramos and were awaiting backup and body armour. “They don’t make entry initially because of the gunfire they’re receiving,” Mr Escalon told a news conference. Shocked community members have told US media that frustrated onlookers ou

Usha Martin solidifies their leadership position through the delivery of industry-leading quality products under guidance of Rajeev Jhawar

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 Usha Martin Limited expects to gain momentum in their international business as most countries where they are present have returned to near normalcy. Talking about exports, Rajeev Jhawar said the demand for wire rope has been ‘fairly decent’, if not strong, from markets such as Europe, the US, South America, Australia and South-East Asia. Exports account for close to 40 per cent of the company’s consolidated turnover, which stood at around ₹2,154 crore for the year ended March 31, 2020. Usha Martin, which sold its one-million-tonne integrated steel plant at Jamshedpur to Tata Steel for ₹4,200–4,600 crore, completed the first full year of operations of its wire rope business in FY20. Through the strategic move of selling UML’s steel division to Tata Steel, Rajeev Jhawar Usha Martin helped the company in enabling them to significantly de-leverage their balance sheet and free up critical cash pool, which they could invest in their profitable and sustainable wire rope business. The resul

Canfina Mutual Fund Scam: Ketan Parekh Allowed To Travel To UK For Family Reasons

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  The Supreme Court has allowed stock broker Ketan Parekh to travel abroad to the United Kingdom for the medical treatment of his daughter, the reports suggest. In the latest development, the Supreme Court has allowed stock broker Ketan Parekh to travel abroad to the United Kingdom for the medical treatment of his daughter. A bench headed by Justice D Y Chandrachud said, “The petitioner (Parekh) wishes to travel to the UK to attend to the medical need of his daughter.” The bench noted that Parkeh had earlier also been allowed to travel abroad on several occasions. He has been granted permission on all the previous six occasions. Ketan Parekh was convicted in the Canfina Mutual Fund scam case and was also held guilty in the case related to the 1992 stocks scam, duping CFS of more than Rs 47 crores. Ketan Parekh’s role in the scams Ketan was a chartered accountant and played a significant role in the overall scam. He was a part of Harshad Mehta’s GrowMore investments which committed the

Abu Dhabi court jails 79 people for swindling investors in fake stock trading scam

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  Group included 72 Chinese nationals Abu Dhabi Criminal Court has sentenced 79 people to jail for fraud and money laundering . Each was fined between Dh200,000 to Dh10 million, while the prison sentences ranged from three to 15 years, followed by deportation, the court said in a statement. Judges heard how the accused tampered with the online address of a China-based stock trading website and created a fake address that victims used to invest. After they fraudulently obtained money from the victims, they tried to conceal the sources to make their gains look legitimate. The group includes 72 Chinese people, a Jordanian, Nigerian, Cameroonian, Ugandan and Kenyan. The total amount that the group swindled was not revealed. Authorities said the group was helped by an unidentified person. Thirteen people were found guilty during court proceedings in their absence while 66 were present. It was not made clear if the 13 people are in the UAE or outside the country. Money, cars, jewellery, devi

A decade after Satyam scam, systems still take long time to detect discrepancies at companies: Gurnani

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 A decade might have passed after the infamous Satyam Computer scam and subsequent regulatory actions but Tech Mahindra chief C P Gurnani feels systems still take a long time to detect discrepancies at corporates and better data analytics are needed to plug the loopholes. Satyam Computer Services was hit by an accounting scam perpetrated by its founder B Ramalinga Raju that came to light in January 2009 and the once storied company was later acquired by Tech Mahindra in April the same year. In an interview to PTI, Gurnani said that even after ten years of Satyam Computer scam , “our systems still take a long time to get alerted to discrepancies which may lead to crisis situations”. “All stakeholders, including banks, lending agencies and companies, need to be more responsible. We need to incorporate better data analytics and dashboards to capture loopholes and avoid crisis like Satyam or IL&FS. I think we all are wiser but we need to have better processes and systems in place,” he

Saudi Arabia re-elected president of ALECSO’s executive council

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 Saudi Arabia has been unanimously re-elected to chair the executive council of the Tunis-based Arab League Educational, Cultural and Scientific Organization until 2024. The decision was made by members of ALECSO’s executive council after the 26th session of the general conference, which concluded its activities on Saturday. Council members expressed their appreciation for the positive results achieved and the complementary work of the executive council during the past 10 months. They unanimously agreed on the importance of maintaining the council’s new and advanced vision and reiterated that the accomplishments represented an important shift in the council’s history toward strengthening its role in supporting the organization and its programs to serve its orientation in the Arab world, as it had worked on several initiatives that strengthened joint Arab action. The decision to re-elect the Kingdom came after the appreciation of the general conference for the efforts made by the execu

New £5 coin unveiled to mark Prince William’s 40th birthday

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  British queen’s head features on other side of celebratory coin A new £5 coin featuring Prince William’s portrait is to be issued to celebrate his coming 40th birthday, the Royal Mint said. The new coin has been unveiled for the prince’s birthday on June 21. It will be the first time the Duke of Cambridge will appear alone on an official coin struck by the Royal Mint. The coin, created by designer and engraver Thomas Docherty, features his portrait set amid his royal cypher — the initial W — and the number 40. Meanwhile, Queen Elizabeth II’s image, designed by Jody Clark, will be struck on the other side of the coin. There will also be an inscription on the edge reading: “HRH the Duke of Cambridge”. A limited edition two-coin set will also be released, featuring a 0.25-ounce gold celebration coin and a 1982 sovereign, from the year the prince was born. The collection will also include a limited edition coin made of 5oz of fine gold to mark the occasion, with laser technology creatin

Common University Entrance Test Syllabus 2022: Start learning now with Cuetmock.com

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  A common entrance test for all courses across 50+ universities in India, CUET is the biggest UG entrance exam in India. Align your preparation for CUET with cuetmock.com , the best online platform to provide coaching, mock tests and practice tests for the preparation of the entrance exam. At cuetmock.com, all the aspects of the CUET exam have been collated by the domain experts and Common University Entrance Test syllabus is offered to help students learn comprehensively. Before starting the preparation for CUET Mock 2022 , it is important that students understand the Common University Entrance Test syllabus. Otherwise, the preparation will be directionless and students will be left wondering where things might have gone wrong. Cuetmock.com helps students to familiarize with the Common University Entrance Test syllabus and pattern and identify areas of improvement. With more than 1.68 lakh seats on offer for undergraduate courses at the 54 Central Universities, CUET is one of the mos

NSE Scam Case: Probe Agency CBI Carries Out Multi-City Search Operations

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  The central probe agency has filed a charge-sheet against former National Stock Exchange (NSE) CEO and MD Chitra Ramkrishna and group operating officer Anand Subramanian in the case, the officials said. The Central Bureau of Investigation or CBI launched a coordinated search operation at over 10 locations in multiple cities today in connection with the NSE co-location scam case, officials said. The search operation will cover brokers at more than 12 premises in Mumbai, Gandhinagar, Delhi, Noida, Gurugram and Kolkata, among other cities, they added. The central probe agency has filed a charge-sheet against former National Stock Exchange (NSE) CEO and MD Chitra Ramkrishna and group operating officer Anand Subramanian in the case, the officials said. The probe has so far established that from 2010 to 2015, when Ms Ramkrishna was managing the affairs of the NSE, OPG Securities, one of the accused in the FIR, had connected to the secondary POP server on 670 trading days in the “Futures

European and Asian stocks sparked by China's interest rate cut as Wall Street tumbles

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  The Dow suffered its eighth consecutive weekly decline, its longest losing streak since 1932 during the Great Depression Asian and European stocks rebounded on Friday on China’s interest rate cut, but US equities gyrated amid fears that sky-high inflation will spark a recession. London’s FTSE 100 closed up 1.2 per cent, Frankfurt’s DAX rose 0.7 per cent and Paris’ CAC 40 inched up 0.2 per cent. In Asia, Hong Kong’s Hang Seng rose 3 per cent, the Shanghai Composite gained 1.6 per cent and Tokyo’s Nikkei 225 increased 1.3 per cent. Wall Street ended mixed on Friday after a volatile session that saw Tesla slump and other growth stocks also lose ground. The S&P 500 and the Nasdaq logged their seventh straight week of losses, their longest losing streak since the end of the dot-com bubble in 2001, while the Nasdaq slipped 0.3 per cent as tech stocks lost. “Markets have been looking for an excuse to bounce, and a China rate cut provided the reason,” IG analyst Chris Beauchamp told AFP.

PNB scam case: Dominica withdraws illegal entry case against fugitive diamantaire Mehul Choksi

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  62-year-old fugitive businessman Mehul Choksi is wanted in India in connection with a Rs 13,500-crore fraud in the Punjab National Bank (PNB). PNB scam case: Fugitive diamantaire Mehul Choksi on Saturday got relief from the Commonwealth of Dominica where he was charged with illegal entry by the police. The prosecution of Dominica decided to withdraw/discontinue the legal proceedings in the illegal entry case against him. “Choksi is pleased that the Dominican Government has today dropped all charges against him for unlawful entry in May 2021. By doing so they now recognise that there was never any case against him. Choksi was forcibly removed from Antigua against his will by agents of the Indian State, viciously assaulted, and taken to Dominica by boat, where he was again unlawfully handed over to authorities for an offence he never committed. Choksi’s legal team continue to pursue all avenues for justice to redress the human rights violations committed against him. Choksi hopes that

Britain wants to arm Moldova to protect it from Russian threat — The Telegraph

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 Britain wants to send modern weaponry to Moldova to protect it from the threat of invasion by Russia, The Telegraph reported, citing Foreign Secretary Liz Truss. She told the newspaper that Russian President Vladimir Putin was determined to create a “greater Russia” even though his invasion of Ukraine had failed to achieve quick success. Russia has called the invasion it launched on Feb. 24 a “special military operation” aimed at disarming Ukraine and ridding it off radical anti-Russian nationalists. Ukraine and its allies have dismissed this as a baseless pretext for war. Moldova, which borders Ukraine to the south west, is not a member of the NATO alliance. Truss said talks were taking place to make sure that Moldova’s defenses could deter any future attack. “I would want to see Moldova equipped to NATO standard. This is a discussion we’re having with our allies,” she told The Telegraph. “Putin has been absolutely clear about his ambitions to create a greater Russia. And just becau

'Armageddon Time,' a portrait of white privilege, stirs Cannes

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  James Gray’s autobiographical coming-of-age film, starring Anthony Hopkins, Anne Hathaway and Jeremy Strong, has made a splash at the film festival When the Cannes Film Festival audience stood to applaud James Gray’s richly observed autobiographical drama Armageddon Time , about the director’s own 1980s childhood in Queens, Gray’s voice quivered as he addressed the crowd. “It’s my story, in a way,” said Gray. “And you guys shared it with me.” “It took every last bit of control not to burst out into tears,” Gray said, still recovering the next day in Cannes. “It’s been a really strange journey making the film and my father died two months ago of Covid. The whole process has been fraught and filled with emotion.” Armageddon Time , starring Anthony Hopkins, Anne Hathaway and Jeremy Strong, has stirred Cannes like no other American film at the festival this year. Gray’s movie, which Focus Features will distribute in the US later this year, has been received as a tender triumph for the Ne