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Indonesia Builder’s Bond Outperforms Despite 1300% Debt Blowout
Indonesia Builder’s Bond Outperforms Despite 1300% Debt Blowout
PT Hutama Karya’s debt is faring better than the bonds of other Indonesian state-backed enterprises — despite an
2023-06-15 13:54
China Local Governments to Sell $206 Billion of Financing Debt
China Local Governments to Sell $206 Billion of Financing Debt
China is taking stronger action to address financial risks of local governments, with Caixin reporting on a plan
2023-08-21 11:17
US debt drama nears end as Senate tackles default threat
US debt drama nears end as Senate tackles default threat
US senators raced Thursday to pass a bipartisan debt limit deal approved overwhelmingly by the House of Representatives, with the worst-case scenario of...
2023-06-02 04:51
Hundreds of mobsters face hard time after Italian 'maxi-trial'
Hundreds of mobsters face hard time after Italian 'maxi-trial'
Hundreds of alleged members of the 'Ndrangheta -- Italy's most powerful organised crime group -- and their white-collar collaborators face sentencing this week following a...
2023-11-13 16:25
Silvio Berlusconi: Former Italian PM plagued by tax fraud and ‘bunga bunga’ sex scandals dies aged 86
Silvio Berlusconi: Former Italian PM plagued by tax fraud and ‘bunga bunga’ sex scandals dies aged 86
The former Italian prime minister Silvio Berlusconi has died at the age of 86. Berlusconi, who amassed a fortune after founding Italy’s largest media company, had been suffering from leukaemia and recently developed a lung infection. He died at the San Raffaele hospital in Milan. The former prime minister suffered from a range of health conditions in recent years, including prostate cancer, heart ailments and a spell in hospital with Covid-19 in 2020. He was readmitted to the same hospital in Milan on Friday where he recently spent almost six weeks for treatment for the lung infection. Doctors said he had chronic myelomonocytic leukaemia, a rare type of blood cancer but not one that is considered to be acute. His personal physician Dr Alberto Zangrillo had said the lung infection diagnosis was linked to his leukaemia. Italian defence minister Guido Crosetto expressed “great, enormous pain” over the news of his death. “He leaves a huge void, because he was a great,” he wrote. “It’s the end of an epoch, the closing of an era. I loved him very much. Goodbye Silvio.” Berlusconi dominated Italian politics for almost 20 years, leading the centre-right party Forza Italy from 1994 to 2009, before taking the helm of successor party The People of Freedom until 2013. The right-wing populist led four governments across three spells as prime minister of Italy – from 1994 to 1995, from 2001 to 2006 and again from 2008 to 2011. His last few years in the country’s top job were marred by allegations of corruption and tales of “bunga bunga” sex parties at his lavish villa outside Milan. He was accused of unlawful sex with 17-year-old nightclub dancer known only as “Ruby the Heartstealer” – but he was acquitted on appeal in 2014, after several women testified that his bung bunga parties were merely “elegant dinners”. Berlusconi made his name and the bulk of his huge fortune beginning with his business dealings in the 1980s. He was the controlling shareholder of Italian media giant Mediaset, and owned the football club AC Milan from 1986 to 2017. The tycoon was convicted of tax fraud in 2012 and was sentenced to four years’ imprisonment, later shortened to one year of community service. In 2019 he staged an unlikely political comeback by winning a seat in the European parliament. Italian national news channels ran sombre coverage of the news of Berlusconi’s death, with Sky News’ foreign editor Andrew Connell noting that coverage on Sky TG24 was “something akin to the death of a royal”, describing him as a “unique politician known well beyond Italy”. Forza Italia forms part of far-right prime minister Giorgia Meloni’s coalition government, but Berlusconi held no position in her cabinet and the two clashed over the 86-year-old’s friendship with Russia’s Vladimir Putin – Ms Meloni has voiced her strong support for Ukraine since the war broke out in February 2022. On his 86th birthday, while the war raged, Mr Putin sent Berlusconi best wishes and vodka, and the Italian boasted he returned the favour by sending back Italian wine. Matteo Salvini, Italy’s deputy prime minister and leader of the far-right League party, penned a lengthy tribute on Twitter to “one of the greatest ever, in all fields, from all points of view, without equal”. Former centre-left prime minister Matteo Renzi referred to Berlusconi’s divisive legacy in his own tribute on Monday. “Silvio Berlusconi made history in this country. Many loved him, many hated him. All must recognise that his impact on political life, but also economic, sport and television, has been without precedence,” he wrote. Political blogger Dario D’Angelo tweeted: “Whether you loved him or you hated him, it matters little today. With Silvio Berlusconi goes a part of your life. Of our life.” Berlusconi controlled his business empire through Fininvest, a family holding company with assets worth €4.9bn (£4.19bn) at the end of 2021. Before his death, Silvio owned 61.3 per cent of Fininvest, while Pier Silvio and Marina Berlusconi, his two children from his first marriage, each owned a 7.65 per cent stake. The future of his business interests will likely depend on how he has chosen to distribute his 61 per cent stake between his five children from two marriages. Eldest daughter Marina is expected to play a prominent role, though Berlusconi never publicly named a successor to take charge of the company. Read More Silvio Berlusconi, scandal-scarred ex-Italian leader, dies at 86, according to his TV network Former Italian premier Silvio Berlusconi was also successful in soccer at AC Milan and Monza Former Italian prime minister Silvio Berlusconi dies aged 86 Reports: Former Italian Premier Berlusconi readmitted to hospital 3 weeks after release Four villages ‘liberated’ in Ukraine’s first gains of counteroffensive How much has the Madeleine McCann investigation cost?
2023-06-12 18:49
Macron pulls out all the stops for King Charles III's rescheduled state visit to France
Macron pulls out all the stops for King Charles III's rescheduled state visit to France
Britain's King Charles and Queen Camilla arrived in Paris on Wednesday, marking the start of a three-day state visit intended to highlight the close ties between France and the United Kingdom.
2023-09-21 01:59
Are Lisa Rinna and Harry Hamlin broke? 'RHOBH' couple takes loans worth $4.3M on their $4.9M Beverly Hills mansion
Are Lisa Rinna and Harry Hamlin broke? 'RHOBH' couple takes loans worth $4.3M on their $4.9M Beverly Hills mansion
Lisa Rinna and Harry Hamlin bought the Beverly Hills mansion for an unknown sum more than 20 years ago and it has five bedrooms and four bathrooms
2023-07-01 09:45
Arizona man on death row for 29 years is released after conviction for girl’s murder is thrown out
Arizona man on death row for 29 years is released after conviction for girl’s murder is thrown out
An Arizona man who was convinced and sentenced to death in the death of a four-year-old was released from prison on Thursday (15 June) after serving 29 years in prison. Barry Lee Jones, 64, was accused of murder, child abuse and sexual assault in the death of his girlfriend’s daughter, Rachel Gray, in 1994. For nearly 30 years, Mr Jones has maintained his innocence that he did not sexually assault or kill her. Now, after a years-long appeal process, a Pima County judge ordered Mr Jones’s release after approving a deal that Mr Jones’s defence team struck with prosecutors who said a medical re-examination of the case didn’t support a finding that Mr Jones caused the girl’s injury. Mr Jones pled guilty to second-degree murder. The Arizona Attorney General’s Office said evidence supported that because Mr Jones was caring for Rachel at the time, allowing her to die as a result of her injuries. “After almost 30 years on death row for a crime he did not commit, Barry Jones is finally coming home,” Cary Sandman, a federal public defender who represented Mr Jones for over 20 years said as reported by the Arizona Republic. The case In early May 1994, Mr Jones drove his girlfriend, Angela Gray and her four-year-old daughter to a Tuscon hospital, where the child was pronounced dead upon arrival. Mr Jones had been living with his daughter, Ms Gray and her three daughters for approximately three months at the time of the incident in a trailer park in Tuscon. Doctors noted the young child had bruises covering her body and a cut on her head. An autopsy showed that Rachel’s death was caused by a small bowel laceration due to “blunt abdominal trauma” according to an investigation from The Intercept. Immediately fingers were pointed at Mr Jones and Ms Gray. Mr Jones reportedly said Rachel was injured while on his watch the day before but it was not his doing. The young girl had hit her head after falling from his parked work van. The four-year-old told Mr Jones a little boy pushed her out of the van and hit her in the stomach with a metal bar. However, the key witnesses comprised of eight-year-old twins and Rachel’s 10-year-old sister, claimed they may have seen Mr Jones hitting Rachel. Mr Jones was arrested and charged with child abuse as well as the murder and sexual assault of Rachel. He was found guilty by a jury in April 1995. However, in Mr Jones’s appeals, it is noted that the jury did not receive all of the information related to the case – like evidence that alleged Ms Gray had been abusive toward her children and potential predators interacted with Rachel. The appeal Mr Jones’s first appealed in 1997 but the Arizona Supreme Court upheld the conviction. He tried to appeal again in 2008, this time federally, but it was denied. Finally, in 2014, Mr Jones’s case was remanded to a federal district judge after new evidence emerged about the young boy who hit Rachel in the stomach with a metal bar. The federal judge called for Mr Jones’s release in a July 2018 ruling, concluding Jones’ earlier lawyer had failed to adequately investigate whether the girl’s injuries were suffered during the time she was alone with him. Experts testified that Rachel may have been injured earlier. The judge’s ruling was upheld by an appeals court, though Jones remained in prison. But the US Supreme Court reversed the decision a year ago, with Justice Clarence Thomas saying the federal courts are generally barred from taking in new evidence of ineffective assistance of counsel that could help prisoners. With Mr Jones still behind bars, his attorneys struck a deal with prosecutors for his release. Under the agreement, once his convictions and death sentence were thrown out, Mr Jones pleaded guilty to a second-degree murder charge in connection with his failure to seek medical care for the girl. He was sentenced to 25 years in prison and will be given credit for time served. Now that Jones’ death sentence has been thrown out, Arizona has 110 people on its death row. Read More Arizona woman alleges sexual assault by Trevor Bauer; he denies allegation and countersues Australian man sentenced to 9 years in prison for gay American's 1988 manslaughter US Marine among two men arrested for firebombing California Planned Parenthood Heather Mack’s mother told police she feared her daughter would kill her. They were powerless to prevent it Woman accused of murdering husband ‘pushed him’ while holding knife, jury told
2023-06-17 01:55
Tesla charging technology put on fast track to become US standard
Tesla charging technology put on fast track to become US standard
By Hyunjoo Jin and Trevor Hunnicutt (Reuters) -Tesla's electric-vehicle charging technology is being put on a fast track to become
2023-06-28 01:52
Who is Tanya Chutkan? The hard-line judge on Trump's election case
Who is Tanya Chutkan? The hard-line judge on Trump's election case
Tanya Chutkan is a veteran jurist behind some of the toughest sentences of US Capitol rioters.
2023-08-02 21:51
Futures dither after Wall St rout; Fed rate verdict in focus
Futures dither after Wall St rout; Fed rate verdict in focus
Futures tracking Wall Street's main indexes were flat to slightly higher on Monday after a pounding in the
2023-09-18 18:51
Greenland's Inuit falling through thin ice of climate change
Greenland's Inuit falling through thin ice of climate change
The thunder of icebergs crashing into the turquoise sea of eastern Greenland is the sound of one of the planet's most important ecosystems teetering...
2023-10-04 09:20