featured News

Prince Andrew Renounces Duke of York Title Amid Ongoing Scandals

By 80 0

Britain’s Prince Andrew announced on Friday that he would relinquish the use of his title, Duke of York, following years of controversy surrounding his association with the late U.S. sex offender Jeffrey Epstein and other allegations that have tarnished his reputation. The 65-year-old prince, who is eighth in line to the throne, said he was stepping back further to avoid distracting from King Charles III and the wider royal family’s duties. “I have decided to put my duty to my family and country first,” Andrew said in a statement, adding that the decision was made with the king’s agreement.

Once celebrated as a naval officer and veteran of the Falklands War, Andrew’s public image has been in decline for over a decade. He was forced to quit his role as UK trade ambassador in 2011 and stepped down from all royal duties in 2019. In 2022, he was stripped of military links and patronages after being accused of sexual misconduct by Virginia Giuffre, a case he settled out of court while continuing to deny all allegations. The renewed attention on the scandal following Giuffre’s memoir has intensified public scrutiny.

A recent YouGov poll showed 67% of Britons support removing Andrew’s remaining royal titles, reflecting widespread disapproval. While he remains a prince and will continue living at Royal Lodge near Windsor Castle, he will no longer attend key royal gatherings, including Christmas at Sandringham. His daughters, Princess Beatrice and Princess Eugenie, remain unaffected, but his former wife, Sarah Ferguson, will no longer be known as the Duchess of York. Historians note that such a move — a senior royal relinquishing a dukedom — is unprecedented in over a century.

Pic Courtesy: google/ images are subject to copyright

featured News

France Opens Terror Probe into Alleged Plot to Attack Exiled Russian Activist

By 62 0

France’s anti-terrorism prosecutor has launched a formal investigation into four men accused of plotting an attack against a Russian opposition figure living in exile. Although officials have not disclosed the intended target, Vladimir Osechkin, a Biarritz-based Russian activist, claimed on his Telegram channel that the alleged plot was directed at him. Osechkin thanked French police and intelligence services for ensuring his safety.

Osechkin is the founder of Gulagu.net, a human rights organization that exposes torture and abuse within Russia’s prison system. The four suspects, aged between 26 and 38, were arrested on Monday following an investigation by France’s domestic intelligence agency DGSI. Authorities suspect the men of being part of a terrorist organization and planning “crimes against persons.” They have since been placed under formal investigation and remain in custody.

French prosecutors have not revealed the nationalities or exact arrest locations of the suspects. Osechkin, who has been on Russia’s wanted list since 2021 after his group leaked extensive evidence of systemic torture in Russian prisons, remains under French protection. While a formal investigation in France does not indicate guilt, it allows judicial authorities to pursue deeper inquiries into the case.

Pic Courtesy: google/ images are subject to copyright

featured News

Polish Court Blocks Extradition of Ukrainian Suspect in Nord Stream Explosions

By 63 0

A Polish court has rejected Germany’s request to extradite a Ukrainian suspect linked to the 2022 Nord Stream gas pipeline blasts, a ruling that aligns with the stance of Poland’s government. The suspect, identified as Volodymyr Z., is wanted by German prosecutors for allegedly helping plant explosives on the undersea pipelines that once transported Russian gas to Europe.

Prime Minister Donald Tusk had earlier stated that while the decision rested with the courts, extraditing Volodymyr Z. was not in Poland’s national interest. He remarked that the issue was not the destruction of the pipelines but their construction, which he said had made Europe overly dependent on Russian energy. The Nord Stream explosions in September 2022 severely disrupted gas supplies from Russia, intensifying the energy crisis amid the ongoing war in Ukraine.

According to German investigators, Volodymyr Z. and others allegedly rented a yacht and placed explosives near Denmark’s Bornholm island. He faces charges of conspiring to commit an explosives attack and engaging in “anti-constitutional sabotage.” His Polish lawyer has denied all accusations, questioning whether the case — involving the destruction of Russian property by a Ukrainian during wartime — should even constitute a criminal offense.

Pic Courtesy: google/ images are subject to copyright

featured News

UK Economy Sees Modest Growth in August Ahead of Pre-Budget Uncertainty

By 82 0

Britain’s economy edged back into growth in August, expanding by a marginal 0.1% from July, official data revealed on Thursday, providing a slight boost ahead of Finance Minister Rachel Reeves’ November budget. However, GDP for July was revised downward to show a 0.1% decline from June, highlighting ongoing volatility in the economy, according to the Office for National Statistics (ONS). Annual growth stands at 1.3%, leaving limited room to avoid potential tax increases.

Economists noted that growth remains fragile, with early indicators for September pointing to muted expansion. Public health service activity supported the slight quarterly growth of 0.3% in the three months to August, while consumer-facing services contracted. Experts warned that the services and construction sectors are in a “pre-budget funk,” and uncertainty around fiscal policy could dampen household and business spending further.

The Bank of England is maintaining a careful stance, keeping interest rates at 4% amid stubborn inflation and weak growth. Governor Andrew Bailey noted a softening labor market, with rising unemployment and slowing private sector wage growth. Monetary Policy Committee member Alan Taylor also flagged the risks of a “bumpy landing,” citing the ongoing effects of U.S. trade tariffs and domestic budget uncertainty.

Pic courtesy: google/ images are subject to copyright

featured News

PM Starmer Publishes Evidence in Spy Case Amid China Tensions

By 62 0

British Prime Minister Keir Starmer on Wednesday released senior security officials’ evidence in the high-profile prosecution of two men accused of spying for China, aiming to show that the case’s collapse was not due to government interference. Last month, the Crown Prosecution Service (CPS) unexpectedly dropped charges against the men, who had denied sharing politically sensitive information with a Chinese intelligence agent. The CPS said the decision stemmed from a lack of official evidence confirming that China posed a threat to UK national security, despite months of requests to the government

The published documents, including witness statements from Deputy National Security Adviser Matthew Collins, detailed Chinese malign activity and espionage efforts but stopped short of explicitly declaring China a threat to national security. Collins noted that while bilateral trade and investment benefit both countries, China presents the “biggest state-based threat to the UK’s economic security.” The documents also emphasized the UK government’s commitment to maintaining a positive relationship with China to foster cooperation and stability.

Opposition parties, however, accused the government of a cover-up. Conservative leader Kemi Badenoch claimed the situation “stinks of a cover-up,” while a party spokesperson criticized Starmer for not intervening before the trial’s collapse, despite being aware of the impending outcome. The case has drawn scrutiny for allegedly involving sensitive information about briefings to former Prime Minister Rishi Sunak, intensifying debates over national security and diplomatic ties with China.

Pic Courtesy: google/ images are subject to copyright

featured News

Russia Dismisses Trump’s Warning of Economic Collapse Amid Gasoline Shortage Reports

By 75 0

One of Russian President Vladimir Putin’s top economic officials has rejected U.S. President Donald Trump’s claims that Russia’s economy is on the brink of collapse. Trump, in remarks on Tuesday, said Russia faced “long lines waiting for gasoline” and urged Putin to end the war in Ukraine, which he said was making Russia “look bad.” In response, Deputy Prime Minister Alexander Novak said Russia’s domestic fuel supply remains stable, with a balance maintained between production and consumption.

Speaking at an energy conference in Moscow, Novak emphasized that the government was taking all necessary steps to ensure continued stability in the domestic market. “We have a stable domestic market supply, we see no problems in this regard,” he said, countering Western reports of shortages. Russia’s economy, however, has shown signs of slowing, with GDP growth forecasted at 1% for 2025, compared to over 4% in the past two years.

Recent gasoline shortages in some peripheral regions were attributed to high interest rates deterring winter stockpiling and Ukrainian drone attacks that damaged refinery capacity. The Kremlin has since prioritized fuel distribution to affected areas, maintaining that the economy is deliberately cooling to prevent overheating. Moscow insists its economy has adapted to Western sanctions, while Western analysts argue that rising pressure could eventually strain Russian society and force policy shifts over the prolonged Ukraine conflict.

Pic Courtesy: google/ images are subject to copyright

featured News

EU’s “Drone Wall” Plan Faces Hurdles Amid Security Urgency and Political Divide

By 86 0

The European Union is pushing forward with plans for a continent-wide anti-drone defence network following repeated drone incursions into Polish airspace and incidents over airports in Denmark and Germany. Initially pitched by Baltic nations as a “drone wall” along the eastern border, the proposal has evolved into a broader “European Drone Defence Initiative,” aiming to deploy interconnected sensors, jamming systems, and interception technologies across the EU. The move highlights Europe’s growing recognition of drone threats and its desire to take greater responsibility for regional defence amid calls from the U.S. for increased self-reliance.

However, the proposal remains mired in internal disputes over cost, coordination, and control. France and Germany are reluctant to hand authority over major defence projects to the European Commission, preferring national oversight. Smaller states, meanwhile, argue for a unified EU-led approach to streamline efforts and funding. Without broad government support, experts warn the project could struggle to access EU financing despite potentially generating billions of euros in defence contracts.

Drawing on Ukraine’s battlefield experience against Russian drones, the proposed system would integrate cameras, acoustic sensors, radar, and AI-assisted detection tools, supported by interceptor drones, cannons, and electronic jammers. Defence firms such as Rheinmetall, Helsing, and Alpine Eagle have lined up to participate, promoting solutions for cost-effective protection against swarms of low-cost drones. Yet defence officials caution that Europe’s counter-drone capabilities remain limited and fragmented, with full implementation likely years away despite the growing urgency.

Pic Courtesy: google/ images are subject to copyright

featured News

Former Billionaire Rene Benko Faces Trial Over Signa Collapse

By 88 0

Austrian former billionaire Rene Benko went on trial on Tuesday in Vienna in connection with the collapse of his property empire, Signa Group — once one of Europe’s largest real estate firms. At its peak, Signa held high-profile assets such as stakes in New York’s Chrysler Building and the British department store Selfridges, before becoming the biggest casualty of Europe’s property downturn in 2023. Prosecutors estimate the total damage from the group’s downfall at around €300 million ($348 million).

The first of two cases filed against Benko accuses him of insolvency-related fraud involving about €660,000 in questionable transactions. Investigators allege that part of the money was used for unjustifiable rent and expenses amounting to €360,000, while the remaining €300,000 was allegedly gifted to relatives to conceal funds from creditors. The charge alone carries a potential prison sentence of up to 10 years.

Benko, 48, has denied all allegations. This trial marks his first public appearance since his arrest in January, after which he has remained in custody. Signa’s collapse triggered Austria’s largest-ever bankruptcy, impacting several major creditors including Deutsche Bank, Allianz, Julius Baer, and Raiffeisen Bank International, which have filed billions of euros in claims.

Pic Courtesy: google/ images are subject to copyright

featured News Uncategorized

Lloyds Banking Group Faces Additional £800 Million Charge in UK Motor Finance Mis-Selling Scandal

By 102 0

Lloyds Banking Group announced on Monday that it will take an additional charge of £800 million ($1.07 billion) related to the UK motor finance mis-selling scandal, raising its total provision to £1.95 billion. The move follows new guidance from the Financial Conduct Authority (FCA), which expanded the scope of potentially affected cases.

The FCA’s proposed redress scheme indicates that more historical cases, dating back as far as 2007, may now be eligible for compensation. Lloyds, which had previously set aside about £1.15 billion for the issue, said the regulator’s approach to calculating redress is “less closely linked to actual customer loss than previously anticipated,” suggesting overall payouts could exceed earlier estimates.

The mis-selling scandal has sent ripples through the UK banking sector, with the FCA estimating total industry compensation costs between £8.2 billion and £9.7 billion. Lloyds’ increased charge underscores the growing financial impact of the regulator’s intervention, as banks prepare to compensate consumers affected by improper motor finance practices.

Pic Courtesy: google/ images are subject to copyright

featured News

Lecornu Unveils New French Cabinet Amid Mounting Political Unrest

By 85 0

French Prime Minister Sebastien Lecornu announced his new cabinet on Sunday, retaining most of his previous top ministers despite pledging “renewal and diversity.” Reappointed just last week after a short 27-day tenure, Lecornu kept key figures such as Finance Minister Roland Lescure, Foreign Minister Jean-Noel Barrot, and Justice Minister Gerald Darmanin. Catherine Vautrin, a centre-right veteran, replaced Lecornu as defence minister, while Laurent Nunez, Paris police chief and former intelligence head, took over the interior portfolio.

The reshuffle comes at a critical moment as France faces a deep political crisis and urgent budget deadlines. Hard-left France Unbowed (LFI) and the far-right National Rally have announced no-confidence motions, setting up a tense parliamentary vote later this week. The Socialist Party, whose backing is vital for the government’s survival, remains undecided, with leader Olivier Faure declining to comment on the new appointments.

With France’s parliament fractured into opposing ideological blocs, Lecornu must steer the upcoming budget through treacherous negotiations. Key opposition demands include repealing Macron’s pension reform and reintroducing a wealth tax, both resisted by conservatives. Acknowledging the political uncertainty, Lecornu said he would not hesitate to resign again if “conditions were no longer met,” signalling the fragile balance of power in French politics.

Pic Courtesy: google/ images are subject to copyright