As Russia continues its horrific crimes across Ukraine, innocent civilians are left dead on the streets, deceased animals piled up and accountability nowhere to be seen
After reporting on the atrocities in Ukraine for weeks, it continues to send shivers down my spine, as a journalist – but most importantly, as a human being.
Whether we like it or not, we’re witnessing the war from the front lines of social media like never before, and the bloody footage brings you to your knees.
We’re witnessing bodies lying in mass graves, people brutally raped and tortured, and animals thrown into piles.
I have been fortunate enough to speak with Ukrainian politicians, journalists, and Ukrainian civilians who’re living through this war.
I have no doubt in the will and spirit of the Ukrainian people, who will continue to fight for their freedom.
However, to witness such horrific crimes unfolding in 2022 makes me fear for what the future holds.
One question continues to sit at the front of my mind: Who holds Putin accountable?
War Crimes Investigation
The United States has formally recognised Putin is committing war crimes, with many world leaders condemning his actions.
If Putin appeared before the International Criminal Court, the evidence would undoubtedly stack up against the Russian leader.
However, it’s unlikely Putin will ever walk willingly before a court, and he cannot be extradited from Russia.
“It’s really hard to hold the leader of another country, especially one as large and powerful as Russia accountable for war crimes.”
Dr. Carol saivetz
"It's really hard to hold the leader of another country, especially one as large and powerful as #Russia accountable for #WarCrimes"
Speaking in Bucha, Ukrainian President Zelensky has accused Russia and its leader, Putin of committing genocide.
Putin has potentially removed himself from ever cooperating with world leaders on the global stage again.
However, there are deep concerns about how Putin perceives the world and what he wants in Ukraine.
“It seems to be this recreation of the empire, this idea that there’s some kind of Russian orthodox messianism that’s driving his war over Ukraine.”
Dr. Carol saivetz
Dr. Carol saivetz
While Putin is being accused of massacring innocent civilians, there are concerns over his mental well-being as a leader and how far he will go for power.
Carol Saivetz says this is nothing new for Russia.
“Russia’s done it before… This is the Russian way of warfar when it doesn’t go their way.”
Dr. Carol saivetz
"We condemned Russia at the height of the Syrian war for bombing hospitals, and that's exactly what they're doing now" #Putin is being accused of massacring innocent civilians, Dr Dr Carol Saivetz says this is nothing new for Russia #Ukraine#Russia#UkraineRussiaWarpic.twitter.com/v3BDZxUAFl
However, it goes against my moral compass to shed light on Russia’s perspective. There aren’t always two sides to a story, sometimes things are just blatantly wrong.
Someone who is mentally stable does not massacre innocent civilians. However, if Putin cannot be held accountable for this, then the west’s weakness is on full display.
What does this show to other countries like China, with their interest and desire for power over Taiwan?
In Short:
– The U.S. dollar stayed stable as investors await the Federal Reserve’s interest rate cut announcement.
– Asian equities rose, with the MSCI Asia Pacific Index hitting a record high amid U.S. market gains.
The U.S. dollar remained stable on Monday as investors await the Federal Reserve’s upcoming policy meeting, where the central bank is expected to announce its first interest rate cut in nine months.
Trading volumes were low due to a holiday in Japan, causing currencies to remain rangebound.
Market participants have largely priced in a 25 basis point reduction in the federal funds rate, anticipated to bring the key rate to between 4.00%-4.25%.
This marks the first easing action since December 2024.
Recent economic data indicates a cooling labour market, with jobless claims rising to the highest levels since 2021, overshadowing inflation concerns.
Market Movements
Asian equities experienced gains, continuing a global rally, with the MSCI Asia Pacific Index reaching a record high.
Chinese shares rose close to 1% despite disappointing factory and retail sales data.
This momentum follows historical closes in U.S. markets, with the Dow Jones Industrial Average surpassing 46,000.
In Short:
– ANZ Group will pay A$240 million in penalties for multiple violations, including fees to deceased customers.
– The bank plans to implement A$150 million in reforms and has announced 3,500 job cuts.
Australia’s ANZ Group will pay A$240 million in penalties, the largest ever imposed by the Australian Securities and Investments Commission (ASIC) against a single entity.
The penalties arise from multiple violations, including acting “unconscionably” during a government bond deal and continuing to charge fees to deceased customers.
The development comes alongside ANZ’s announcement of 3,500 job cuts as new CEO Nuno Matos seeks to enhance profitability.
ANZ has admitted to the allegations and acknowledged the need for significant operational changes.
The bank’s trading practices during an A$14 billion government bond issuance negatively impacted bond prices, which led to a substantial loss for the government.
ANZ plans to submit a remediation strategy to the Australian Prudential Regulation Authority by the end of the month.
Company Changes
ANZ has stated it will spend A$150 million on reforms by the end of the financial year.
The Finance Sector Union is expected to file a claim regarding the recent job cuts made by the bank.
In Short:
– Climate change could cause hundreds of deaths and $500 billion decline in property values in Australia.
– Increased extreme weather events may lead to rising insurance costs and potential uninsurability of homes.
A government report warns that climate change could lead to significant challenges for Australia, with hundreds of deaths expected from heat-related illnesses.
Property values may decline by up to $500 billion as homes risk becoming uninsurable due to extreme weather events.
The assessment by the Albanese Government forecasts increased frequency of floods, cyclones, and bushfires.The report anticipates over a thousand potential heat-related fatalities in Sydney and Melbourne if action is not taken.
The projected increase in heat-related deaths in Australia’s capital cities, as outlined in the report. Picture: Climate Risk Assessment
Rising sea levels and extreme weather are expected to escalate insurance costs, making coverage unaffordable or unavailable.
Climate Change and Energy Minister Chris Bowen acknowledged that many Australians will find these projections distressing, but they underscore the urgency of addressing climate change.
Changes in total annual freight costs by Local Government Area in a 2090 scenario, compared to 2024. Picture: Australia’s National Climate Risk Assessment
Property Risks
Projected increases in heat-related deaths are particularly concerning. For instance, at a 1.5-degree rise in temperatures, heat-related mortality in Sydney could increase by 103%, reaching about 450 deaths annually at a 3-degree rise.
Coastal flooding days are expected to increase significantly in major urban areas, necessitating critical intervention.