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Column: Only half time in public debt match
  + stars: | 2021-06-25 | by ( Mike Dolan | ) + 0.00   time to read: +6 min
But it ups the ante on public debt even further. If additional debt-financed spending can lift economic potential without stoking inflation, decades of trepidation over unchecked public debt loads moving from crisis to crisis may well have been wide of the mark and a different regime of high but manageable public debt at hand. Persistently high inflation surprises and full passage of U.S. spending bills could challenge that market stability, they add, but that’s “a limited risk” at this stage. Parsing differing arguments on measuring sovereign debt sustainability, the effects of high debt on growth, possible tipping points and debt dynamics of ageing societies, the piece concluded with pretty stark warnings about the trajectory. “This ‘low interest rate/high public debt’ equilibrium is fragile, as it crucially hinges on a continuation of low inflation,” wrote Deutsche economist Sebastian Becker.
Persons: Michael Oliver, Lars Baron, stokes, what’s, , busily, Christian Keller, Akash Utsav, , that’s, PIMCO’s Tiffany Wilding, Andrew Balls, Sebastian Becker Organizations: Soccer Football, Saint Petersburg, REUTERS, European, Barclays, JPMorgan, Deutsche Bank, Deutsche, Reuters Locations: Sweden, Poland, Saint Petersburg, Russia, hove, Britain, Cornwall, CORNWALL, U.S, United States, France, Italy, Germany
Oil keeps climbing on tight supply outlook, eyes on OPEC+
  + stars: | 2021-06-25 | by ( ) sentiment -0.99   time to read: +2 min
Cranes at an oil industry support facility in Port Fourchon, Louisiana, U.S., on Wednesday, April 21, 2021. Oil prices rose on Friday, heading for a fifth straight week of gains, with demand growth seen outstripping supply on bets that OPEC+ producers will be cautious in returning more output to the market from August. Brent crude futures climbed 7 cents, or 0.1%, to $75.63 a barrel, headed for a 2.9% jump for the week. "(The market) certainly has momentum behind it...It's really in the hands of OPEC+," said Commonwealth Bank commodities analyst Vivek Dhar. That's going to determine where oil prices go," Dhar said.
Persons: It's, Vivek Dhar, Dhar Organizations: . West Texas, Brent, Organization of, Petroleum, Commonwealth Bank, ANZ, U.S Locations: Port Fourchon , Louisiana, U.S, Russia, OPEC, United States, Europe, China, Iran
"Mining machines are selling like scrap metal." The local government of Sichuan, China's No.2 bitcoin mining centre after Xinjiang, issued a ban on cryptomining a week ago. Analysts say Beijing is also worried about potential competition for the digital yuan and that the power-hungry business of bitcoin mining could damage the environment. China's ban on bitcoin mining may see up to 90% of all mining in the country go offline, according to an estimate by Adam James, a senior editor at OKEx Insights. BIT Mining said on Monday that it had successfully delivered its first batch of 320 mining machines to Kazakhstan.
Persons: Dado Ruvic, Mike Huang, Liu Hongfei, Adam James, Nishant Sharma, Sharma, Winston Ma, Xianfeng Yang, Huang Dezhi, Huang, Sun, Wang Weifeng, Samuel Shen, Andrew Galbraith, Vidya Ranganathan, Raju Gopalakrishnan Organizations: REUTERS, State Council, Analysts, Communist Party, BlocksBridge Consulting, NYU Law, China's, BIT Mining, Thomson Locations: SHANGHAI, Texas, Kazakhstan, Sichuan, China's, Xinjiang, cryptocurrencies, Beijing, Inner Mongolia, Yunnan, China, Bitmain, United States, Canada, Australia, Russia, Indonesia, Guangdong
China's Bitmain suspends sales of cryptomining machines after Beijing's mining ban
  + stars: | 2021-06-25 | by ( ) sentiment -1.00   time to read: +1 min
Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik, Iceland, June 4, 2016. REUTERS/Jemima KellySHANGHAI, June 25 (Reuters) - Bitmain, China's biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure following Beijing's ban on bitcoin mining. read moreFollowing the ban, many Chinese miners are selling machines and exiting the business, or shipping machines overseas. "(Overseas) mining sites are not built overnight, and selling pressure is huge in the secondary market," Bitmain said in a statement. Bitmain said overseas markets where it and Chinese miners are seeking cheap electricity also include Belarus, Sweden, Norway, Angola and Congo.
Persons: Jemima Kelly SHANGHAI, Bitmain, Samuel Shen, Andrew Galbraith, Shri Navaratnam Organizations: REUTERS, China's, Council, Thomson Locations: Keflavik, Iceland, United States, Canada, Australia, Russia, Kazakhstan, Indonesia, China's, Inner Mongolia, Xinjiang, Yunnan, Sichuan, Belarus, Sweden, Norway, Angola, Congo
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. U.S. West Texas Intermediate (WTI) crude futures were also up 6 cents, or 0.1%, at $73.36 a barrel, headed for a 2.4% weekly gain. "Expectations of tightness in global market is the major factor supporting crude oil as demand is recovering while OPEC+ has constrained supply and U.S. stocks are falling," said Ravindra Rao, vice president for commodities at Kotak Securities. Oil also got some support on Friday as the approval of U.S. infrastructure bill boosted optimism for energy demand outlook, analysts said. "(The market) certainly has momentum behind it...It's really in the hands of OPEC+," said Commonwealth Bank commodities analyst Vivek Dhar.
Persons: Angus Mordant, Brent, Ravindra Rao, It's, Vivek Dhar, Margaret Yang, Sonali Paul, Richard Pullin Organizations: REUTERS, Brent, . West Texas, Kotak Securities, Oil, Organization of, Petroleum, Commonwealth Bank, ANZ, U.S, Thomson Locations: Loving County , Texas, U.S, 3w2pz6N MELBOURNE, Russia, OPEC, United States, Europe, China, Singapore, Iran
After U.S. President Joe Biden met Russian President Vladimir Putin in Geneva on June 16, French President Emmanuel Macron said the first EU summit with Putin since January 2014 would be "a dialogue to defend our interests". But after late night talks at their meeting in Brussels, the 27 EU leaders failed to reach an agreement, German Chancellor Angela Merkel said early on Friday. EU summits with Russia ended after Moscow annexed Ukraine's Crimea peninsula in March 2014 and the West imposed sanctions. France and Germany want to be able to work with Russia on combating climate change and to find ways to stabilise relations. The EU on Thursday imposed economic sanctions on Belarus, an ally of Russia that the Kremlin sees as a buffer state between Russia and NATO.
Persons: Ursula von der Leyen, Angela Merkel, Stefan Lofven, Klaus Werner Iohannis, Janez Jansa, Olivier Matthys, Vladimir Putin, Joe Biden, Emmanuel Macron, Sebastian Kurz, Gitanas Nauseda, Krisjanis Karins, Josep Borrell, Macron, Putin, Charles Michel, Merkel, Borrell, Lithuania's Nauseda, Sergei Lavrov, Robin Emmott, Gabriela Baczynska, Francesco Guarascio, Philip Blenkinsop, Thomas Escritt, Caroline Copley, Ekaterina Golubkova, Angus MacSwan, Philippa Fletcher, William Maclean, Raju Gopalakrishnan Organizations: Slovenia's, European, Union, U.S, Putin, Austria's, Franco, Latvia's, European Commission, Russia, EU, Diplomats, Britain, Kremlin, NATO, Russian, Thomson Locations: Swedish, Romanian, Brussels, Belgium, France, Germany, Poland, Russia, BRUSSELS, Baltic, Geneva, Moscow, Ukraine's Crimea, Lithuanian, Ukraine, Russian, United States, standoffs, Belarus, EU, Baltics, Berlin
The top tech analyst recommended playing the sector with a basket of cybersecurity stocks. That's compared to a 6.4% increase in cybersecurity spending in 2020. In a June 14 interview with CNBC, Bank of America CEO Brian Moynihan said that his company has massively increased cybersecurity spending over the past decade. In an interview with Insider, Wedbush's top tech analyst said the Colonial Pipeline and SolarWinds attacks were a "wake-up call" for governments and businesses around the world. Ives sees cybersecurity spending more than doubling from roughly 5% of budgets to between 10% and 15% over the next year.
Persons: Wedbush's Dan Ives, Ives, Brian Moynihan, Moynihan, Dan Ives, cyberattacks, Biden, Zscaler, Wedbushs Organizations: Gartner, Bank of America, CNBC, Colonial, Microsoft, Colonial Pipeline Locations: East, China, Russia
If Trump were indicted and fled, he would go where there's no extradition treaty, legal experts say. The US would be in "uncharted territories" if it sought extradition of Trump, experts say. But the US and Russia have no extradition treaty or formal process through which a wanted person is arrested. Russian officials could agree to entertain Trump's application, which would trigger an international standoff between two countries with an already fraught relationship. If US authorities arrested Trump and won a criminal conviction against him, the former president's political career wouldn't necessarily stop there.
Persons: Trump, Donald Trump, Cyrus Vance Jr, Vance, Vladimir Putin, It's, Biden, Shanlon Wu, Elizabeth Shackelford, Joe Biden, They've, Donald Trump's, he'd, I'm, Kim Jung Un, Susan Walsh, hasn't, Read, Edward Snowden, Phillip Faraone, Kim Jong Un, Kim, Wu, They'd, Julian Assange, Assange, Karen Alter, Alter, Tom Brenner, Fani Willis, Brad Raffensperger, Laurie Levenson Organizations: Service, Manhattan, Trump, State Department, Capitol, White, North, Trump hasn't, US, United Arab Emirates, WIRED25, Russian Embassy, US State Department, Justice Department's, International Affairs, Foreign Relations, US Marshals Service, WikiLeaks, Ecuadorian Embassy, Northwestern University, Investigators, Georgia, Democratic, Loyola University Locations: Russia, Moscow, Washington ,, North Korea, China, Belarus, Saudi Arabia —, Indonesia, Jersey, India, Ireland, Russian, Scottish, United States, Ecuador, Australian, London, Washington , DC, New York City , New York, Fulton County , Georgia, New York, Georgia, Fulton County, Washington
Republicans are itching to conduct investigations of Hunter Biden if they win the majority in 2022. GOP inquiries would force the White House to play whack-a-mole with Hunter Biden accusations. Republicans are gearing up for a hot pursuit of Hunter Biden should they win a majority in Congress in the 2022 midterms. Republicans say they want to know more about Hunter Biden's ties to China and the Ukraine gas company Burisma. Johnson has this year sent at least four letters to federal law enforcement and intelligence agencies demanding answers on different Hunter Biden allegations, including on possible ties to "foreign nationals connected to the communist Chinese government"; unethical links to a Biden administration DOJ appointee; and an incident allegedly involving Hunter Biden and a firearm.
Persons: Hunter Biden, Hunter, Joe Biden, James Comer, Comer, Hunter Biden's, Sen, Ron Johnson of, Biden, Johnson, he'd, Jim Jordan, Alex Wong, Obama, Hillary, didn't, Donald Trump, Trump's, Volodymyr Zelensky, Joe Biden's, bupkis, Eric Schultz, Tom Carper, he's, Carper, haven't, Trump, Jordan, Ron Johnson, Graeme Jennings, Burisma, hasn't, Ted Cruz, Axios, Jody Hice, Christopher Wray —, Rudy Giuliani Organizations: GOP, Republican, Republicans, Senate Homeland Security, Governmental, Committee, Alcohol, Tobacco, Firearms, Explosives, Senate, Democratic, Fox News, The Daily Mail, The New York Post, Jim Jordan an Ohio Republican, Hunter, White, House, Ohio Republican, New York Times, Wisconsin Republican, Government, CNN, Yahoo, New York Post, Justice Department, NBC News, FBI, Tech, New Locations: Benghazi, Kentucky, China, Ukraine, Ron Johnson of Wisconsin, Jim Jordan an Ohio, Delaware, Ohio, House, Russia, Wisconsin, Texas, Georgia, New York
Europe’s leaders disagree on Russia talks despite Biden-Putin meeting
  + stars: | 2021-06-25 | by ( Silvia Amaro | ) sentiment -0.99   time to read: +1 min
Angela Merkel, Germanys chancellor, speaks with journalists as she departs a EU leaders meeting in Brussels, Belgium, on Friday, June, 25, 2021. LONDON — France and Germany's plans to restart talks with Russia have failed, as a number of other EU leaders remain skeptical about re-engaging with the Kremlin. Now, the German and French leaders would like to follow suit. Speaking on Thursday, French President Emmanuel Macron said the idea was not to offer concessions to Moscow, but simply to have a dialogue. The 27 EU leaders need to unanimously agree on restarting talks with Russia for such a meeting to take place.
Persons: Angela Merkel, Germanys, Joe Biden, Vladimir Putin, Emmanuel Macron, Gitanas Nauseda, Putin Organizations: LONDON —, Kremlin . U.S, Baltic Nations Locations: Brussels, Belgium, LONDON — France, Russia, Moscow, Lithuania
Russia accuses Britain, U.S. of fuelling Black Sea row
  + stars: | 2021-06-25 | by ( ) sentiment -0.99   time to read: +2 min
Russian deputy Foreign Minister Sergei Ryabkov arrives for a meeting with U.S. special envoy Marshall Billingslea in Vienna, Austria June 22, 2020. REUTERS/Leonhard FoegerMOSCOW, June 25 (Reuters) - Russia accused Britain and the United States on Friday of trying to incite conflict in the Black Sea and said it would defend its borders using all possible means, including military force. Deputy Foreign Minister Sergei Ryabkov was speaking a day after Moscow warned Britain it would bomb British naval vessels in the Black Sea if what it called provocative actions by the British navy were repeated off the coast of Russia-annexed Crimea. Russia said on Wednesday it had fired warning shots and dropped bombs in the path of a British warship to chase it out of Black Sea waters off the coast of Crimea. It said it believed any shots fired were a pre-announced Russian "gunnery exercise", and that no bombs had been dropped.
Persons: Sergei Ryabkov, Marshall Billingslea, Leonhard Foeger MOSCOW, Britain, Ryabkov, Anton Kolodyazhnyy, Alexander Marrow, Katya Golubkova Organizations: U.S, REUTERS, British, HMS, Defence Ministry, Thomson Locations: Vienna, Austria, Russia, United States, Moscow, Britain, Crimea, Washington, London, Ukraine, British, Russian, Syria's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to trade the nadir of Russia-West relations, according to Alvine CapitalStephen Isaacs, chairman of the investment committee at Alvine Capital, discusses the outlook for Russian bonds and equities, saying it appears that political engagement between Russia and the West cannot get any worse.
Persons: Stephen Isaacs Organizations: Alvine Locations: Russia, West
'No such thing' as EU unity when it comes to Russia: Chatham House
  + stars: | 2021-06-25 | by ( ) sentiment -0.99   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'No such thing' as EU unity when it comes to Russia: Chatham HouseKeir Giles of Chatham House believes that "nothing here has really changed" when it comes to EU-Russia relations, despite the push for an EU summit with Putin by France and Germany.
Persons: Keir Giles, Chatham Organizations: Chatham, Chatham House, Putin Locations: Russia, EU, France, Germany
Europe's leaders disagree on Russia talks despite Biden-Putin meeting
  + stars: | 2021-06-25 | by ( ) sentiment -0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope's leaders disagree on Russia talks despite Biden-Putin meetingCNBC's Silvia Amaro outlines the latest European divisions over potential new talks with Russia.
Persons: Biden, Putin, CNBC's Silvia Amaro Locations: Russia
Russia opposition figure says election bid blocked over Navalny support
  + stars: | 2021-06-25 | by ( ) sentiment -1.00   time to read: +2 min
Russian opposition figure Ilya Yashin waves a national flag during a rally to mark the 5th anniversary of opposition politician Boris Nemtsov's murder and to protest against proposed amendments to the country's constitution, in Moscow, Russia February 29, 2020. REUTERS/Shamil Zhumatov/File PhotoMOSCOW, June 25 (Reuters) - A Russian opposition politician said on Friday he had been barred from taking part in a local election because of his support for jailed Kremlin critic Alexei Navalny. "I've been barred from elections," Yashin wrote on Twitter. "The electoral committee declared me extremist for my support of Navalny and barred me from running." His allies have accused the authorities of using the new law to crush opposition to the ruling United Russia party before a parliamentary election in September.
Persons: Ilya Yashin, Boris Nemtsov's, Shamil Zhumatov, Alexei Navalny, Yashin, I've, Navalny, Lyubov Sobol, Vladimir Putin, Gabrielle Tétrault, Farber, Timothy Organizations: REUTERS, Duma, Twitter, United, Timothy Heritage, Thomson Locations: Moscow, Russia, MOSCOW, Russian, United Russia
Some nations with high rates of the Delta variant are seeing an uptick in COVID-19 related deaths. The Delta coronavirus variant appears to be more transmissible and more able to cause symptomatic illnesses among people who have been given one dose of COVID-19 vaccine. Russia, Indonesia, Britain, and Israel have been dealing with a surge in cases, which they attribute to the Delta variant. As of Wednesday, just 11% of its population has been fully vaccinated, and 14% have received one dose of COVID-19 vaccine, the Associated Press reported. Indonesia recently reported that hundreds of healthcare workers vaccinated with the Chinese vaccine Sinovac caught the coronavirus.
Persons: Aria Bendix, Sinovac, Sarah Al, Arshani Organizations: Israel, Associated Press, Pfizer, AstraZeneca Locations: COVID, Russia, Indonesia, Britain, Israel, UK
Italy wanted EU-Russia summit, backs dialogue with Moscow -Draghi
  + stars: | 2021-06-25 | by ( ) sentiment -1.00   time to read: +1 min
Italy's Prime Minister Mario Draghi arrives for a European Union leaders meeting in Brussels, Belgium June 24, 2021. REUTERS/Johanna Geron/PoolBRUSSELS, June 25 (Reuters) - Italy backed a Franco-German proposal to hold a summit with Russia, Italian Prime Minister Mario Draghi said on Friday, adding it was important to maintain dialogue with such an important economic power. The proposal was rejected at an EU summit, after Poland and Baltic countries said it would send the wrong message as East-West ties deteriorate. Speaking at the end of the summit, Draghi said many people only found out about the idea on Thursday, giving its supporters little time to rally support. "Russia is an important player on the economic and political front, it cannot not be involved, we must have an active dialogue," Draghi told reporters.
Persons: Mario Draghi, Johanna Geron, Draghi, Crispian Balmer, Agelo, Gavin Jones Organizations: Italy's, European Union, REUTERS, Thomson Locations: Brussels, Belgium, BRUSSELS, Italy, Franco, Russia, Italian, Poland, Baltic
MOSCOW — Russia is prepared to target intruding warships if they fail to heed warnings, a senior diplomat declared Thursday after a Black Sea incident in which a British destroyer sailed near Crimea in an area that Russia claims as its territorial waters. Britain denied that account, insisted its ship wasn’t fired upon and said it was sailing in Ukrainian waters. Minutes later, the Defender left Russian waters, the ministry said. It insisted the ship was making a routine journey through an internationally recognized travel lane and remained in Ukrainian waters. The U.K., like most of the world, recognizes Crimea as part of Ukraine despite the peninsula's 2014 annexation by Russia.
Persons: wasn’t, Sergei Ryabkov, , Ryabkov, ” Ryabkov, don’t, Dmitry Peskov, ” Peskov, Boris Johnson, ” Johnson Organizations: NATO, NBC, Russian Federation, Russian Defense Ministry, HMS, Russian, Royal Navy Locations: MOSCOW, Russia, British, Crimea, Crimean, Sevastopol, Moscow, Russian, Britain, Ukraine, Ukrainian, England
Russian retailer X5 separates digital businesses, eyeing IPO
  + stars: | 2021-06-24 | by ( Reuters Staff | ) + 0.95   time to read: +1 min
FILE PHOTO: A man walks past a discount shop Chizhik, launched by X5 Retail Group, in Moscow, Russia October 29, 2020. REUTERS/Alexander MarrowMOSCOW (Reuters) - Russia’s largest food retailer X5 has created a separate entity for its digital businesses, the company said on Thursday, paving the way for the new entity to go public. “The company is considering several promising options for further development, including both attracting investors on the open capital market, investments through strategic partnerships, and independent development within X5,” the company said in a statement. The digital businesses include online shop Perekrestok Vprok (, the express delivery service for X5’s Pyaterochka and Perekrestok stores, and Okolo, a delivery service it launched last year. X5 said it planned to provide more details on strategic options for its digital business development within a year.
Persons: Alexander Marrow MOSCOW, Organizations: X5 Retail, REUTERS Locations: Moscow, Russia
MOSCOW, June 24 (Reuters) - A move to regulate banks’ spending on non-core activities is just the first stage of the Russian central bank’s efforts to manage corporate diversification across multiple sectors, the chief executive of online bank Tinkoff said on Thursday. The central bank on Wednesday said banks would have to create additional buffers if investments in so-called ecosystem services - those that stretch beyond a bank’s core function - exceed 30% of their total capital. “They’re trying to make sure that the existing financial service providers don’t blow tonnes of capital on stuff that isn’t going to work,” Tinkoff CEO Oliver Hughes said. Speaking on a panel of Russian business leaders discussing ecosystems, Hughes said the central bank was trying to regulate dominant players and establish a regulatory framework for newcomers to the market. After the banking sector, regulations will target different institutions’ user data and the issue of competition, he said.
Persons: Tinkoff, “ They’re, , Oliver Hughes, Hughes, “ It’s, ” Hughes, China’s Alibaba, Dmitry Sergeev, Dmitry, Sberbank, Katya Golubkova, Jan Harvey Organizations: TCS Group, AliExpress Locations: MOSCOW, Russian, Tinkoff, AliExpress Russia
European leaders reacted warily Thursday to a proposal from Germany and France to meet with Russian President Vladimir Putin, following President Biden’s summit with him last week. Facing skepticism, in particular from countries that border Russia, French President Emmanuel Macron and Germany Chancellor Angela Merkel defended their proposal as necessary diplomacy. “In my opinion, we as the European Union must also seek direct contact with Russia and the Russian president,” Ms. Merkel said in Parliament before flying to Brussels for a meeting with EU leaders. “It is not enough for U.S. President Joe Biden to talk to the Russian president. Some European leaders criticized the proposal, saying it could give the impression that Russian military and destabilization campaigns against its neighbors and the West were being overlooked.
Persons: Vladimir Putin, Biden’s, Emmanuel Macron, Angela Merkel, ” Ms, Merkel, Joe Biden, Organizations: European Union, EU, U.S Locations: Germany, France, Russia, European, Brussels, Russian
MOSCOW (Reuters) - Russian car-sharing company Delimobil plans to expand into markets in developing countries and to sell local franchises, its founder and main shareholder Vincenzo Trani told Reuters. Slideshow ( 2 images )Delimobil, one of Russia’s biggest car-sharing providers along with Yandex.Drive and others, has said it plans to list on the New York Stock early next year. “Russia will definitely remain our main focus, but we will also expand our business abroad,” Trani said in an interview. Countries from Asia and North Africa are interested in franchises or in Delimobil developing its own local business, he said. Trani does not plan to sell his shares in the medium-term, he said.
Persons: Vincenzo Trani, Yandex.Drive, ” Trani, , , Delimobil, Trani, VTB, Elena Bekhtina Organizations: New York Stock, Qatar, Prime, New York Stock Exchange, Reuters Locations: MOSCOW, Russia, Uzbekistan, Asia, North Africa, Belarus, Kazakhstan, Czech Republic, Delimobil, Kazan, Trani
EM stocks rose slightly, with the MSCI’s index adding about 0.2%, tracking overnight gains on Wall Street. Relative stability in equities has also made them more attractive in comparison to foreign exchange, particularly in emerging markets. In central Europe, the Czech crown was flat to the euro after marking its best day in more than two months on Wednesday, as the Czech central bank kicked off a rate hiking cycle. An interest rate decision in Mexico is also due later in the day, with the bank widely expected to hold. For GRAPHIC on emerging market FX performance in 2021, see For GRAPHIC on MSCI emerging index performance in 2021, see TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: Russia’s, Jerome Powell, Charalambos Pissouros Organizations: U.S . Federal Reserve, Fed, JFD, Bank of, CENTRAL Locations: Hungarian, Europe, East, Africa, United, Czech, Hungary, Mexico
Rudy Giuliani’s New York Law License Suspended Over False Election 2020 Statements
  + stars: | 2021-06-24 | by ( Deanna Paul | ) sentiment -1.00   time to read: +1 min
A New York court suspended Rudy Giuliani’s state law license Thursday after concluding that he made “demonstrably false and misleading statements” in his effort to reverse the results of the 2020 election in favor of former President Donald Trump. Mr. Giuliani, the former mayor of New York City, represented Mr. Trump as his personal attorney beginning in 2018 with the Russia investigation. After the 2020 election, Mr. Giuliani led a legal team that laid out sprawling and unsupported allegations of a conspiracy between Democratic officials and foreign governments to steal the presidential election for Joe Biden. It is unusual for the appellate division to suspend a lawyer’s license before the grievance committee completes its investigation, ethics lawyers said. The 33-page order said the court acted now because Mr. Giuliani’s conduct threatened the public interest, citing Mr. Giuliani’s “past, persistent and pervasive dissemination of these false statements in the media.”“This is not a situation where the uncontroverted misconduct consisted of only a few isolated incidents,” the court wrote.
Persons: Rudy Giuliani’s, Donald Trump, Giuliani, Trump, Joe Biden, , Giuliani’s Organizations: Democratic, United Locations: York, New York City, Russia
Ted Aljibe | AFP | Getty ImagesSINGAPORE — Asia was the first epicenter of the Covid-19 outbreak and could be the last region to emerge from the pandemic — especially with regard to travel, according to the Asia Pacific president of a travel services firm. The distribution of vaccines globally is very unfair … and Asia is suffering from that, especially Southeast Asia. "The distribution of vaccines globally is very unfair … and Asia is suffering from that, especially Southeast Asia," she said on CNBC's "Street Signs Asia" on Wednesday. In April, the World Health Organization said more than 87% of the world's supply of Covid vaccines went to wealthy countries. A Natixis report published in May said "more effective containment has led to a lower sense of urgency" for vaccines in Asia.
Persons: Ted Aljibe, Todd Handcock, Alicia Garcia, Natixis Handcock, CNBC's, Herrero, Garcia Organizations: Covid, AFP, Getty, Asia Pacific, Group, World Health Organization Locations: Taguig City, Manila, SINGAPORE, Asia, U.S, Southeast Asia, Europe, China, United States, Russia, Natixis, UN, Taiwan, Vietnam
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