ECB’s Rate-Hiking Campaign Has ‘Some Way to Go,’ Nagel Says
The European Central Bank’s historic series of interest-rate increases isn’t finished yet as upside risks to the inflation
2023-07-03 20:29
Saudis and Russia Extend Oil Supply Cuts, Bolstering Prices
Saudi Arabia will prolong its unilateral oil production cut by one month, keeping a lid on supply amid
2023-07-03 19:24
Singapore Ministers Defend Colonial House Rents After Outcry
The two Singapore cabinet ministers at the center of a rental probe over sprawling state-owned houses took to
2023-07-03 18:47
Ukraine-Russia war – live: Putin’s forces ‘suffer losses during heavy fighting near Bakhmut’
Ukraine’s forces have gained ground near Bakhmut amid “heavy fighting,” officials said on Monday. Deputy defence minister Hanna Maliar said that Russian forces were attacking in the Lyman, Avdiivka and Mariinka directions in the Donetsk region. “Heavy fighting is going on there now,” Maliar said on the Telegram messaging app. Ukraine had reclaimed nine square kilometres over the past week along the eastern front “as a result of improving the operational (tactical) position and aligning the front line”, Maliar said. In the south, Ukraine has regained 28.4 kilometres of territory, bringing the total area of re-captured territory along that front to 158.4 kilometres, Maliar added. Over the weekend, Russia said its forces had repelled Ukrainian attacks near villages ringing Bakhmut and in areas further south, particularly near the hilltop town of Vuhledar. They also reported success in containing Ukrainian troops in the northeast. It comes as Ukrainian writer and war crimes researcher Victoria Amelina has died after succumbing to her injuries from the missile attack on a Ukrainian pizzeria in Kramatorsk. The 37-year-old, among the dozens of civilian casualties in the Russian missile strike, had been admitted to a hospital in Dnipro last Tuesday. Read More Russia launches first drone strike on Kyiv in 12 days Why are Russian and Belarusian players allowed back at Wimbledon? Belarusian Aryna Sabalenka says she won’t discuss the Ukraine war while at Wimbledon A week after an armed rebellion rattled Russia, key details about it are still shrouded in mystery
2023-07-03 18:25
ECB’s Kazimir Stands Trial in Slovakia on Bribery Charges
The corruption trial of European Central Bank Governing Council member Peter Kazimir began on Monday, threatening embarrassment to
2023-07-03 17:51
Oil Traders Transfixed as Activity on Platform Jumps
The trading of Middle Eastern oil derivatives on a closely-watched platform that helps set crude benchmarks and shape
2023-07-03 17:50
BofA Sees 700 Basis-Point Nigeria Rate Hike as Inflation Surges
Nigeria may need to increase interest rates by at least 700 basis points before the end of the
2023-07-03 17:28
Sunak Faces Three Weeks of Danger in Bid to Revive Tories
Rishi Sunak faces an awkward three-week political test that is likely to have a lasting impact on his
2023-07-03 17:21
France riots: Aunt of teenager shot dead by police in Paris pleads for violence and looting to end
The aunt of a French teenager shot dead by police last week has urged the “violence to stop” and her nephew’s death to trigger “real change” peacefully, in a heartfelt interview with The Independent. Hatifa, who turned 47 on Saturday, the day of her nephew’s funeral, described Nahel Merzouk, 17, as a “loving teddy bear” who had big ambitions, liked to write rap lyrics, and was “dedicated” to his mother. She said the family – who are of Algerian and Moroccan origin – had been overwhelmed by the national and global response to his killing last week by a police officer during a traffic stop in a west Parisian suburb. Thousands of people have taken to the streets across the country, calling for an end to police impunity and discrimination after a video of the incident was shared online. But it has also ignited violence with multiple cities ablaze as looters ransacked dozens of shops and torched thousands of vehicles, according to the interior ministry. On Sunday morning a group of rioters ram-raided the home of a Paris suburb mayor, set the car alight and launched fireworks at his wife and young children. “I ask that the violence stop. I don’t want people to get hurt. The family is very much against the violence,” Hatifa, a mother-of-four herself, told The Independent. “We knew Nahel’s killing would have some impact but not this much. I think there are mass protests because so many mothers, like my sister, have had enough of being scared all the time.” She said the family were “very grateful” for the global support, which had helped as they dealt with “deep grief”. “But I hope that Nahel’s death is going to trigger some kind of change that means this never happens again,” she added. “At the end of the day, a grown-up shot a child.” Nahel was fired at by a police officer during a traffic stop in the west Parisian suburb. The perpetrator of the shooting justified his action by saying the teenager refused to comply and the police said he was “known” to them. But the incident was caught on mobile phone footage and showed Nahel driving away from the officers before one fired at him. His family believe he was likely terrified, and so panicked and drove off. France’s human rights ombudsman has opened an inquiry into the killing and the officer involved has been charged with homicide. Outraged at the murder, and the apparent efforts by the police to paint Nahel as a troubled teenager wanted by the law, has seen thousands take to the streets across the country. But that has spiralled into violence in many areas. Emmanuel Macron, facing the most severe challenge yet to his presidency, deployed 45,000 officers, including elite anti-terrorism units, in a bid to end the unrest. Police unions, meanwhile, have declared they are “at war” with “savage hordes of vermin”. More than 3,000 people have now been arrested across the country, with curfews imposed and public transport curtailed as open street battles raged between protesters and police, and looting became rampant. Hatifa said that the anger in the disenfranchised banlieues – or city suburbs – had been simmering for a while because of the endemic problem of discrimination in the police force. The youths, including Nahel, are regularly stopped by police, an action that scares them and heightens tensions, she added. “I don’t have all the answers to fix this. Racism and discrimination within the police has to stop. I know policemen are reaching their wit’s end and are taking their frustration out on young people. “But it has to stop, young people don’t like police, the police should be defending us not killing us,” she added. Hatifa’s words echo those of Nahel’s grandmother who also called for calm in an interview with French TV channel BFMTV on Sunday. “Don’t break windows, don’t smash up schools, don’t smash up buses. Stop it, they’re mums on buses, they’re mums walking outside”, the grandmother begged. “Nahel is dead. My daughter had just one child, she’s lost, it’s over, my daughter has no life left. And they made me lose my daughter and my grandson.” Hatifa said the whole family was concerned about the mental health of Nahel’s mother, Mounia, who has been thrust into the international limelight. “My sister is focused entirely on the loss of her son, her only son. I am scared that she might make a mistake in her loneliness and solitude when this quietens down,” she added. The officer who fired at Nahel has been taken into pre-trial custody, which French criminal law professors told The Independent was unprecedented. But many, including the family, fear that he may still be released. Nahel is the 16th driver to be shot at a traffic stop since the start of 2022, experts have told The Independent. The difference this time is that it was caught on camera. Hatifa said they were concerned by the impunity in the police force and hoped the officer, who has been detained on charges of homicide, is convicted and jailed. “It would be a disaster if, after all that has happened, nothing changes and for this person to walk free. Young people in my neighbourhood go to prison for much less,” she said with a shake in her voice. “We didn’t ask for a policeman to wake up one morning and put a bullet through my nephew’s heart. “I can’t breathe at night – I have never felt such pain. Nahel never hurt anyone.” Read More Paris protesters ram burning car into mayor’s home and leave family injured in ‘assassination attempt’ Paris shooting: Where are the riots in France and why are they happening? Travellers to France advised not to cancel trips but to avoid cities at night AP News Digest 3 am Paris protests ease as killed teen’s family call for peace – France riots live Where are the French riots and why are they happening?
2023-07-03 17:19
Trump news – live: Ex-Trump press secretary says she saw him show documents to Mar-a-Lago guests
Former Trump administration press secretary Stephanie Grisham has claimed that she saw Donald Trump showing off documents to guests at Mar-a-Lago, as she slammed his lack of respect for the nation’s secrets. “I watched him show documents to people at Mar-a-Lago on the dining room patio,” Ms Grisham told MSNBC. “He has no respect for classified information [and] never did.” Her comments come after the former president was charged with 37 felonies last month over his handling of classified documents on leaving the White House. While his legal troubles are heating up, a conservative billionaire network is reportedly working to ensure he doesn’t win the 2024 Republican primary, according to a new report. Americans for Prosperity Action, a network of political organisations created by Charles and David Koch, will spend money for the first time on the Republican presidential primary. It has already raised more than $70million to fund races that officials hope will help the Republican party move past Mr Trump, according to The New York Times. Read More Kevin McCarthy knows he crossed the line with Donald Trump Trump's GOP support dips slightly after his indictment over classified documents, AP-NORC poll finds ‘Any Republican not named Trump’: Paul Ryan says former president is only candidate who would lose to Biden
2023-07-03 16:49
OCBC Targets Revenue Boost From China-Southeast Asia Links
Oversea-Chinese Banking Corp. unveiled a target to boost revenue from business flows between Greater China and Southeast Asia
2023-07-03 16:27
AstraZeneca Drops on Concern Over Results From Lung Cancer Drug
AstraZeneca Plc shares fell as results from a high-level study of a new cancer medicine raised concern the
2023-07-03 15:24