Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

EU foreign ministers and US announce sanctions against Russian banks and individuals

Published

on

US President Joe Biden has described the ongoing situation around Ukraine as “the beginning of a Russian invasion” but he says there is still time for diplomacy.

US Imposes harsh sanctions

Biden says America will sanction Russian oligarchs in retaliation for the country’s action against Ukraine, while also warning of further measures if a full-scale war does break out.

According to the president, the sanctions on Russia will be “far beyond” anything ever imposed in the past.

When Putin made his address, he called Ukraine a US colony with a “puppet regime” and now Biden has an unmistakable message to send back.

Biden says this is “the beginning of a Russian invasion of Ukraine” as he announced harsh new sanctions to punish Moscow.

Biden says he will be full blocking sanctions on two large Russian financial institutions, cutting off Russia’s government from Western financing.

He says the US will target some members of the nation’s elite and block a vital European gas pipeline.

A Biden administration official says that the White House was “quite deliberate” on minimalising the disruption of US energy prices.

“The pain of our sanctions is targeted at the Russian economy, not ours,”

he says.

Biden called Russian President Vladimir Putin’s speech on Monday a “twisted rewrite of history”.

The US will be deploying a thousand troops and several F-35 fighter jets to the Baltic members of NATO.

Biden says Putin “explicitly threatened war” and the President said that there’s no question that Russia is “the aggressor” against Ukraine. 

He wrapped his address by telling the world that there is “still time” for diplomacy to “avert the worst-case scenario” in Ukraine.

Foreign ministers unite

The European Union foreign ministers agreed on Tuesday to a sanction package to include “351 members of the Russian State Duma who voted for the recognition of the so-called LPR and DPR” and 27 Russian individuals and entities, according to High Representative Josep Borell Fontelles.

US President Joe Biden announced a “first tranche” of sanctions against two financial institutions, in addition to existing sanctions.

He also said the US will be sending troops to the Baltic states to assist NATO allies.

Ukrainian Foreign Minister Dmytro Kuleba welcomes the latest US sanctions against Russia and says that Ukraine believes the time for sanctions is now.

“The world must respond with all its economic might to punish Russia for the crimes it has already committed, and ahead of the crimes it plans to commit,”

he says.

What you need to know:

– The Russian Foreign Ministry announced on Tuesday that it is pulling its diplomatic staff from Ukraine “to protect their lives and safety”. 

– G7 foreign ministers agreed to a “strong package” of sanctions against Russia, UK Foreign Minister Liz Truss said on Tuesday.

– Chancellor Olaf Scholz also announced that Germany is halting the certification of the Nord Stream 2 gas pipeline from Russia.

– Prime Minister Boris Johnson said the UK is imposing sanctions on five Russian banks and three wealthy individuals.

– On Tuesday, Ukrainian President Volodymyr Zelenskyy said he is considering breaking off diplomatic relations with Russia, according to the BBC.

Savannah Pocock contributed to this report

Continue Reading

News

NSW Premier condemns anti-Semitic attack in Sydney

NSW Premier Chris Minns condemns anti-Semitic attacks in Woollahra, cars torched, properties vandalised; investigation underway.

Published

on

NSW Premier Chris Minns condemned a recent anti-Semitic attack in Sydney’s eastern suburbs, where cars were set on fire and properties were vandalised with anti-Israel graffiti.

Emergency services received reports of a car fire on Magney Street in Woollahra early Wednesday morning. Fire & Rescue NSW extinguished the fire, but multiple cars and buildings suffered vandalism.

Graffiti with messages like “Kill Israel” was found on walls. A crime scene has been established, and an investigation is underway. Police are looking to speak with two suspects aged 15 to 20, who were in the area at the time of the incident.

Minns described the attack as “shocking” and stated, “This is not the Sydney we want.” He emphasized that such racist acts aimed at dividing the community would not succeed.

He plans to consult with police about the investigation, assuring the public that those responsible will face justice.

NSW Health Minister Ryan Park also denounced the incident, calling it offensive and concerning.

It follows a similar act of vandalism in November, where cars were spray-painted with phrases like “f**k Israel.” Various buildings, including the Chiswick restaurant, were also targeted in that incident.

Continue Reading

News

Suspect fights extradition in UnitedHealth executive murder case

Luigi Mangione, accused of murdering UnitedHealth CEO, contests extradition to NY. Denied bail; linked to shooting with ghost gun.

Published

on

A 26-year-old man, Luigi Mangione, is fighting extradition to New York to face murder charges for the shooting of UnitedHealth executive Brian Thompson.

Mangione was arrested in Pennsylvania after a five-day manhunt and denied bail for the second time.

During a court appearance, he made a statement directed at reporters, though its meaning was unclear.

Legal experts believe Mangione’s fight against extradition could prolong the process, but success is unlikely.

Authorities are investigating whether he acted alone or had assistance leading up to the shooting.

Mangione was recognized at a McDonald’s by an employee and was found with a firearm, clothing, and fake IDs matching the shooter’s description.

Weapon possession

He has been charged with gun and forgery offenses in Pennsylvania, in addition to murder and weapon possession charges in New York.

Investigators are still determining the motive behind Thompson’s targeted killing. It was revealed that Mangione had chronic back pain and previously worked as a data engineer.

His family expressed shock and devastation over his arrest and offered condolences to Thompson’s family.

Thompson, a father of two, had been the CEO of UnitedHealth’s insurance unit since 2021 and was in New York for a company event. The incident has heightened frustrations concerning healthcare access and insurance issues in the U.S.

Continue Reading

News

Murdoch loses trust control bid for son Lachlan

Rupert Murdoch’s attempt to alter family trust for Lachlan’s control denied by Nevada commissioner, citing bad faith.

Published

on

Rupert Murdoch’s attempt to change the family trust to consolidate control under his son Lachlan has been rejected by a Nevada commissioner.

The ruling, made by Commissioner Edmund J. Gorman Jr., stated that Murdoch and Lachlan acted in “bad faith” while trying to amend the irrevocable trust, which divides control equally among Murdoch’s four oldest children.

The 96-page opinion characterised the plan as a “carefully crafted charade” intended to secure Lachlan’s executive roles unconditionally.

Murdoch’s lawyer expressed disappointment and plans to appeal the ruling.

FILE PHOTO: Media mogul Rupert Murdoch poses for a photograph with his sons Lachlan and James in London.

Media empire

This dispute is critical as it affects the future control of Murdoch’s media empire, which includes Fox News and other major outlets.

While the intention was not to diminish financial stakes, the ruling reflects deep family tensions, especially given differing political views among the siblings.

The commissioner noted Lachlan initiated the proposed changes, created a plan dubbed “Project Family Harmony,” and labeled James as a “troublesome beneficiary.”

Despite Lachlan and Rupert’s efforts, the attempt to marginalise James was deemed insufficiently justified by the court.

Murdoch’s family trust, established in 2006, retains his control until his death, and includes provisions allowing amendments.

However, the commissioner found that Murdoch and Lachlan’s actions were not supporting their siblings’ best interests.

The ruling is not final and may be contested further in court.

Continue Reading

Trending Now