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  • Anil Ambani faces criminal case in India

    Anil Ambani faces criminal case in India

    MUMBAI: India’s federal investigating agency said on Saturday it had opened a criminal case against industrialist Anil Ambani and his company Reliance Communications Ltd (RLCM.NS), opens new tab following a complaint by India’s largest bank about alleged fraud.

    State Bank of India alleged that Anil Ambani, the younger brother of billionaire Mukesh Ambani, and Reliance Communications defrauded the bank, causing 30 billion Indian rupees ($344 million) of losses.

    India’s Central Bureau of Investigation (CBI) conducted search operations in Mumbai at Anil Ambani’s house and the offices of the now insolvent Reliance Communications, the agency said in a press statement.

    A spokesperson for Ambani told Reuters that the searches at his residence concluded early this afternoon. “Mr. Ambani strongly denies all allegations and charges, and will duly defend himself,” the spokesperson said.

    The agency said Anil Ambani and his company misused and diverted bank funds for purposes other than what was agreed.

    An email query to SBI was not answered immediately.

    Read More: India says US trade negotiations are still going on as fresh tariffs loom

    Last month, India’s Enforcement Directorate also searched 35 locations linked to Reliance Group as part of an investigation into alleged money laundering and siphoning of public funds, a government source told Reuters.

    Reliance Group did not respond to a request for comment at the time, but a source at the group denied the allegations.

     

     

     

  • Brentford beat Aston Villa 1-0 at home thanks to Ouattara

    Brentford beat Aston Villa 1-0 at home thanks to Ouattara

    LONDON: Record signing Dango Ouattara scored on his debut as Brentford beat Aston Villa 1-0 at home to take their first points of the Premier League season on Saturday.

    Read More Football Stories Here

    The 23-year-old, who joined the West Londoners a week ago for a reported 42 million pounds ($56.8 million), opened his account in the 12th minute after a toe-poke at goalkeeper Emiliano Martinez rebounded back for him to tuck away.

    The victory continued Brentford’s proud record of never having lost their first home game of a top-flight season in 10 campaigns.

    It was also a first win for new Brentford manager Keith Andrews who replaced Thomas Frank, now in charge at Tottenham Hotspur, in June. Brentford lost their opening game 3-1 at Nottingham Forest.

    Brentford, who sold their top scorer Bryan Mbeumo to Manchester United over the summer, lost their opening game 3-1 at Nottingham Forest.

    Brentford might have been 2-0 up at the break but a 43rd minute effort by Mikkel Damsgaard, bouncing in off the crossbar, was ruled out by referee Tony Harrington for a foul by captain Nathan Collins on Martinez.

    The VAR review agreed Collins had “carelessly challenged the goalkeeper”.

    Aston Villa, now with one point from two games after an opening 0-0 draw at home to Newcastle United, had far more chances than a week ago but could not break down Brentford’s stubborn defence.

    A Youri Tielemans effort cannoned off Kevin Schade’s head in the 30th while goalkeeper Caoimhin Kelleher, who had a generally quiet game, saved Villa’s first shot on target two minutes later.

    Villa’s England international forward Ollie Watkins had a misfiring afternoon at his former club, who had never previously recorded a clean sheet in eight Premier League games against their opponents.

    Former Liverpool captain Jordan Henderson made his first start for Brentford since he joined last month but was replaced, to an ovation from the crowd at the Gtech Community Stadium, in the 69th by Frank Onyeka as Villa threatened to grab an equaliser.

    Ouattara followed him off in the 85th as Brentford battened down the hatches defensively.

    Brentford striker Yoane Wissa was unavailable for selection as he seeks a move away, with Andrews explaining before the game that the team was the priority and it would not be right to involve him.

  • France summons Italian ambassador over challenge to Macron on Ukraine

    France summons Italian ambassador over challenge to Macron on Ukraine

    PARIS: France summoned the Italian ambassador after Italy’s deputy prime minister challenged the French president for suggesting that European soldiers be deployed in Ukraine in a post-war settlement, a French diplomatic source said on Saturday.

    Asked earlier this week to comment on French President Emmanuel Macron’s appeals to deploy European soldiers in Ukraine after any settlement with Russia, Deputy Prime Minister Matteo Salvini used a Milanese dialect phrase loosely translatable as “get lost”.

    “You go there if you want. Put your helmet on, your jacket, your rifle and you go to Ukraine,” he told reporters, referring to Macron.

    Salvini, the populist leader of the right-wing League party and also Italy’s transport minister in the nationalist, conservative government led by Giorgia Meloni, has repeatedly criticized Macron, especially over Ukraine.

    The Italian ambassador was summoned on Friday, the diplomatic source said, marking the latest in a series of diplomatic clashes between Paris and Rome before and after Meloni took power in 2022.

    Read More: Trump and Putin end summit without Ukraine deal

    “The ambassador was reminded that these remarks ran counter to the climate of trust and the historical relationship between our two countries, as well as to recent bilateral developments, which have highlighted strong convergences between the two countries, particularly with regard to unwavering support for Ukraine,” the source said.

     

  • Turkish first lady urges Melania Trump to speak out on Gaza

    Turkish first lady urges Melania Trump to speak out on Gaza

    Turkish First Lady Emine Erdogan has written to U.S. President Donald Trump’s wife, Melania Trump, and urged her to contact Israel’s prime minister and raise the plight of children in Gaza, authorities in Ankara said on Saturday.

    Emine Erdogan wrote that she had been inspired by the letter Melania Trump sent to Russian President Vladimir Putin earlier this month about children in Ukraine and Russia.

    “I have faith that the important sensitivity you have shown for the 648 Ukrainian children … will be extended to Gaza as well,” Emine Erdogan wrote in the letter dated Friday that was published by the Turkish presidency.

    The White House did not immediately respond to a request for comment.

    “These days, when the world is experiencing a collective awakening and the recognition of Palestine has become a global will. I believe that your call on behalf of Gaza would fulfil a historic responsibility toward the Palestinian people,” Emine Erdogan’s letter added.

    A global hunger monitor determined on Friday that Gaza City and surrounding areas are officially suffering from famine, and it will likely spread, escalating pressure on Israel to allow more aid into the Palestinian territory.

    Israeli Prime Minister Benjamin Netanyahu dismissed that report as an “outright lie”, and said Israel had a policy of preventing not causing starvation.

    The Gaza war was triggered on October 7, 2023, when Hamas killed 1,200 people in southern Israel and took some 250 hostages, according to Israeli tallies. Since then, Israel’s military campaign has killed more than 62,000 Palestinians, according to Gaza health authorities.

  • Pickup and trucks star in new ‘Romeo and Juliet’

    Pickup and trucks star in new ‘Romeo and Juliet’

    RUMMU, Estonia: A production of “Romeo and Juliet” in Estonia uses a cast of vehicles to tell Shakespeare’s story of star-crossed lovers, with a red Ford pickup taking on the role of Juliet, while her Romeo is a rally truck.

    “I must say I came into it expecting it to be really silly, but it was really good. I really liked it,” said Maia Maisate, a spectator, after the show.

    A disused limestone quarry in the Estonian countryside is the backdrop as more than a dozen vehicles, including city buses, fire engines, a lorry and a cement truck with hearts painted on it, drive around in front of makeshift viewer stands.

    Two excavators waved their mechanical arms at each other threateningly in a recreation of the fatal sword fight between Tybalt and Mercutio, and a car was thrown from a cliff.

    “I would still say that even though it was cars, it felt really sweet and cute. Like when you had the scene where the cars were, you would assume, kissing, the energy was captured really well. The sweetness and the love,” said Maia Pussim, another spectator.

    The production is without dialogue, although it is accompanied by fireworks and music, including the track “Lovefool” by Swedish group The Cardigans.

    Read More: Vanessa Kirby opens up on villainous inspiration of her ‘Fantastic Four’ character

    “It’s basically a big experiment about what it means to do Shakespeare today and whether we can find new ways to do it,” said co-director Paavo Piik of Kinoteater, which put on the play.

    “We wanted to be very gentle with these big machines. This contrast is interesting for us. Is it possible to deliver emotions like love (with big vehicles)?”

  • India says US trade negotiations are still going on as fresh tariffs loom

    India says US trade negotiations are still going on as fresh tariffs loom

    MUMBAI: India’s foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional U.S. tariffs are due to hit.

    Indian goods face additional U.S. tariffs of up to 50%, among the highest imposed by Washington, due to its increased purchases of Russian oil.

    A 25% tariff has already come into effect, while the remaining 25% is set to be enforced from August 27.

    A planned visit by U.S. trade negotiators to New Delhi from August 25-29 has been called off, dashing hopes that the levies may be lowered or postponed.

    “We have some redlines in the negotiations, to be maintained and defended,” Indian Foreign Minister Subrahmanyam Jaishankar said at an Economic Times forum event in New Delhi, singling out the interests of the country’s farmers and small producers.

    India-U.S. trade talks collapsed earlier this year due to India not agreeing to open its vast agricultural and dairy sectors. Bilateral trade between the world’s largest and fifth largest economy is worth over $190 billion.

    “It is our right to make decisions in our ‘national interest’,” Jaishankar said.

    Analysts at Capital Economics said on Friday that if the full U.S. tariffs come into force and stick, the hit to India’s economic growth would be 0.8 percentage points both this year and next.

    “The longer-term harm could be even greater as a high tariff could puncture India’s appeal as a global manufacturing hub.”

    The Indian minister described U.S. President Donald Trump’s policy announcements as “unusual”.

    “We have not had a U.S. president who conducts his foreign policy so publicly as the current one and (it) is a departure from the traditional way of conducting business with the world,” Jaishankar said.

    Read More: Trump’s 50 percent tariff on India: What does it mean for economy and Modi’s politics

    He also said Washington’s concern over India’s Russian oil purchases was not being applied to other major buyers such as China and European Union.

    “If the argument is oil, then there are (other) big buyers. If argument is who is trading more (with Russia), than there are bigger traders,” he said.

    Russia-European trade is bigger than India-Russia trade, he added.

    The minister also said India’s purchases of Russian oil had not been raised in earlier trade talks with the U.S. before the public announcement of tariffs.

  • Trump deploys National Guard in Washington’s safest sites

    Trump deploys National Guard in Washington’s safest sites

    WASHINGTON: Hundreds of National Guard soldiers in military fatigues and combat boots mingled with tourists, posed for selfies, and treated themselves to ice cream from food trucks on Thursday along Washington’s National Mall, one of the safest parts of America’s capital.

    On occasion an angry local would hurl verbal abuse at them, but the soldiers simply shrugged and carried on what appeared to be an undemanding assignment.

    Outside the National Museum of African American History and Culture, five members of the West Virginia National Guard were standing on the street corner far away from the city’s crime hot spots.

    “It’s boring. We’re not really doing much,” said Sergeant Fox, who declined to give his first name.

    Fox is among almost 2,000 troops, including 1,200 from six Republican-led states, who are being deployed in Washington as part of an extraordinary militarization inside the Democratic-led city.

    The soldiers, some of whom told Reuters they did not get involved in arrests, are officially in Washington to support a federal crackdown on what President Donald Trump calls a crime epidemic. But that depiction appears to run counter to the fact that crime rates overall have shrunk in recent years.

    That disconnect, combined with the troop concentration near the Washington Monument, the Lincoln Memorial and in view of the U.S. Capitol, highlights criticism by the city’s Democratic leaders that this massive deployment is more a show of power by Trump, rather than a serious effort to fight crime.

    Washington Mayor Muriel Bowser said this week she did not think the arrival of troops was about tackling crime. She also expressed concern about the presence of “an armed militia in the nation’s capital.”

    The soldiers seen by Reuters on Thursday were not armed, but the Pentagon said on Friday the troops will soon be on mission with their service-issued weapons.

    By contrast with central Washington, residents of Ward 8 in the city’s southeast – the area with the highest crime rate – said there was not a guardsman in sight. With the ward’s murder rate dwarfing that of most other neighborhoods, many locals said they would welcome troops on their streets.

    “I haven’t seen any. This is where they need to be,” said Shawana Turner, 50, a housing case manager on a Ward 8 street.

    The Joint Task Force for the District of Columbia, which is leading the crime crackdown, said where National Guard troops are deployed is based on requests from law enforcement agencies.

    Abigail Jackson, a White House spokeswoman, said teams of federal law enforcement officials are making arrests in Washington’s highest crime areas every night.

    “The National Guard is not making arrests at this time, their role is to protect federal assets – including law enforcement officers – and provide a visible law enforcement presence,” she said.

    Read More:US Defense Intelligence Agency chief among latest ousted officers

    The troops are one element of a surge of local and federal law enforcement agents in Washington, including the FBI, who have conducted active arrest operations since Trump announced earlier this month that he was federalizing law enforcement responsibility in Washington.

    Deploying troops on American streets is rare and controversial. National Guard have been sent to Washington in recent years, to help bolster security at presidential inaugurations and during protests, including the January 6, 2021 riot at the U.S. Capitol by Trump supporters.

    But the city’s declining crime rate, coupled with the limited involvement of the troops in crime fighting, has raised questions about the political motivations behind the current deployment.

    Randy Manner, a retired National Guard major general, said he believed the deployment is a step towards Trump sending National Guard troops into other Democratic-led cities.

    “Not in our lifetimes has a president said that I’m going to use uniformed soldiers to reduce crime,” Manner told Reuters.

    “There will be soldiers in other cities in the not-too-distant future. We’re turning this into a militarized environment, and it’s extremely sad.”

    During a visit to a police base in Washington on Thursday, Trump said his law enforcement crackdown will “go onto other places.” Earlier this month Trump suggested he could shift his focus to cities including Chicago and New York.

    To be sure, the presence of the guard in the heart of Washington was welcomed by some visitors.

    As troops on the National Mall mingled with tourists from the U.S. and abroad, a group of guardsmen from Mississippi were walking alongside Anu Pokharel, his wife, and two daughters aged 8 and 5.

    The software engineer, 43, who lived in Washington in the 1990s, was visiting the city with his family from Boston.

    He said he supported the deployment. “It feels cleaner and safer,” he said.

    As they strolled around central Washington, some soldiers told Reuters that they did not expect to get involved in arrests.

    Specialist Nevaeh Lekanudos, part of West Virginia’s National Guard, was outside a Metro station in the National Mall with several fellow guard members. She said she had not assisted in crime incidents or arrests.

    Asked if she thought that is likely, she said, “Honestly at this rate I don’t believe so.” She added by being deployed in the National Mall, “it frees up the local law enforcement to do what they need to do.”

    Reuters spoke to 20 National Guard members, from West Virginia, South Carolina, Mississippi, and Tennessee. Governors from two other Republican-led states, Ohio and Louisiana, have also sent National Guard troops at Trump’s request.

    Most of the soldiers told Reuters they had been instructed not to talk to the press. Instead they had all been issued with a printed statement they produced from their pockets.

    It states that they are in the city to support “district and federal law enforcement by keeping DC beautiful and safe.”

     

     

  • Coca-Cola exploring sale of Costa Coffee: Report

    Coca-Cola exploring sale of Costa Coffee: Report

    Atlanta: U.S. soft drinks company Coca-Cola is working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, which it acquired in 2018 for over $5 billion, Sky News reported on Saturday.

    Reuters could not immediately verify the report. Coca-Cola, Costa, and Lazard did not immediately respond to requests for comment.

    Atlanta-headquartered Coca-Cola has held initial talks with a small number of potential bidders for Costa, including private equity firms, Sky News reported, citing unidentified sources.

    The report said indicative offers are expected in early autumn, while noting that Coca-Cola may ultimately choose not to proceed with a sale.

    Costa Coffee operates in 50 countries, with more than 2,700 coffee shops across the UK and Ireland and over 1,300 more outlets globally, according to its website.

    Coca-Cola acquired the chain more than six years ago to strengthen its push into healthier beverages and compete with Starbucks (SBUX.O) and Nestle (NESN.S), in the global coffee market.

    Read More: UK government to take over Liberty Steel division after collapse

    In the United States, food companies are seeking healthier substitutes as they respond to Health Secretary Robert F. Kennedy Jr.’s Make America Healthy Again campaign.

    In July, President Donald Trump said Coca-Cola had agreed to use real cane sugar in the United States.

  • ADB mulls $2bn Karachi railway line upgrade for Reko Diq copper

    ADB mulls $2bn Karachi railway line upgrade for Reko Diq copper

    ISLAMABAD: The Asian Development Bank will fund upgrades to part of Pakistan’s creaking railway system, replacing China, after prolonged delays in securing financing from Beijing threatened to put a strain on a strategic mining project, two sources said on Friday.

    An extensive revamp of 1,800 km (1,118 miles) of railways has been the centrepiece of a $60 billion Chinese investment programme in Pakistan announced in 2015 as part of Beijing’s Belt and Road Initiative global infrastructure push.

    A decade of negotiations, however, have yet to produce a finance package for the rail upgrades – the single biggest project under the programme with China. And Pakistan is, meanwhile, struggling to repay Chinese debt owed for other projects.

    The ADB is in advanced talks to lead the financing of a $2 billion upgrade of a 500-km stretch of the railway line from Karachi to Rohri in the country’s south that had previously been part of the Chinese project, two sources with direct knowledge of the discussions told Reuters.

    The upgrade has become urgent, they said, as it is needed to transport copper ore from the Reko Diq mine currently being developed by Canada’s Barrick Mining Corp.

    “We will have a crisis. How will you evacuate output from Reko Diq? The exhausted line will come under even more pressure,” one of the sources, a senior government official, said.

    There was no immediate comment from Pakistan’s railways ministry or China’s foreign ministry.

    The ADB would not confirm the finance package, which is being reported for the first time by Reuters. But it said Pakistan’s government and the regional lender “have regular discussions on railway sector development”.

    “Any potential ADB assistance would be subject to comprehensive due diligence and consideration under ADB’s policies and procedures before any commitment is made,” it wrote in a statement to Reuters.

    The deal, expected to be announced later this month, would see the ADB lead a consortium to finance the project and bring in an international engineering contractor to carry out the work through a competitive bidding process, the sources said.

    The ADB announced $410 million in financing for the Reko Diq mine itself earlier this week. And its president is due to visit Islamabad next week, the sources said.

    CHINA AND PAKISTAN: ‘IRONCLAD FRIENDS’?

    The sources said the plan is diplomatically tricky but has been squared with China.

    “We would never do anything to jeopardise that relationship,” the senior Pakistani official said.

    China rolled out major power and infrastructure projects after the 2015 launch of the investment programme, known locally as the China-Pakistan Economic Corridor. But momentum has stalled, with the last big project – the Gwadar East Bay Expressway – inaugurated in 2022.

    Islamabad has fallen behind on payments for electricity generated by Chinese-built power plants. And following a government report looking at the cost of the power stations, Islamabad has for the past year sought to reschedule debt payments for the plants.

    “China and Pakistan are ironclad friends and all-weather strategic cooperative partners,” China’s foreign ministry said on August 19, ahead of a visit by Foreign Minister Wang Yi to Islamabad this week.

    In Wang’s meeting with Pakistan’s Prime Minister Shehbaz Sharif on Thursday, both sides said they sought to deepen ties and move on to the next phase of CPEC.

    PAKISTAN’S MINING AMBITIONS

    The Reko Diq copper and gold mine – at the heart of the government’s strategy to attract investment to Pakistan’s mining sector – is due to enter production in 2028 with anticipated annual output of some 200,000 metric ton of copper concentrate.

    One of the world’s largest untapped copper deposits, it is Pakistan’s largest foreign investment in recent years.

    The ADB-financed rail upgrade would modernise the track and bridges from the commercial capital Karachi north to Rohri, close to the city of Sukkur, so that diesel trains can run faster, the sources said.

    In Rohri, the line will meet a branch coming from the area of the Reko Diq mine and will carry the copper concentrate to port.

    Tim Cribb, Reko Diq’s project director, told Reuters that the government and Barrick would work together on securing financing for the upgrading of the branch coming from the west to Rohri.

    The mine also faces security concerns, as it lies in Balochistan, with militants frequently targeting the rail network.

  • Dutch foreign minister resigns over govt’s Gaza policy

    Dutch foreign minister resigns over govt’s Gaza policy

    THE HAGUE: Dutch Foreign Minister Caspar Veldkamp, part of a caretaker government, quit his cabinet post on Friday ahead of schedule over the government’s position on Israel’s war in Gaza, he told reporters.

    He said the government did not support additional measures against Israel over Gaza and plans for the occupied West Bank.

    “I have felt pushback in the cabinet for additional measures,” he said, adding he would formally tender his resignation.

    The Dutch government collapsed on June 3, and the caretaker minority government is expected to stay in place until a coalition government is formed after October elections, which may take months.

    Israel has launched a military offensive aimed at seizing control of Gaza City, relocating civilians to the south, dismantling Hamas and creating pressure for hostage releases.

    Earlier on Friday a global hunger monitor determined people in Gaza City and its surroundings were officially suffering from famine.

    Read More: Dutch police arrest pro-Palestine protesters

    Israel this week gave final approval to plans to construct a settlement that would bisect the occupied West Bank and fragment territory Palestinians seek for an independent state.