Author: ALJAZEERA

Bankman-Fried faces steep odds in bid to overturn conviction stemming from the collapse of his cryptocurrency exchange.FTX founder Sam Bankman-Fried has appealed his conviction and 25-year prison sentence for stealing billions of dollars from customers of his defunct cryptocurrency exchange. Bankman-Fried was convicted in November on seven counts of fraud and conspiracy in what US authorities described as one of the biggest financial frauds in US history. The 32-year-old former billionaire was the poster boy for cryptocurrency,  gracing magazine covers and enjoying audiences with lawmakers, before the speculator collapse of FTX in 2022 amid a deluge of customer withdrawals. Bankman-Fried’s…

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Wednesday’s “disappointing” inflation data in the United States showed a jump from February, dampening expectations of an interest rate cut and raising concerns that inflation could remain stubbornly high. The data has implications not just for the US Federal Reserve, which sets interest rates, but also for the candidates in the upcoming presidential election. The core consumer price index (CPI), which excludes volatile food and energy costs, increased 0.4 percent in March from the previous month, according to government data released on Wednesday. The year-over-year rate was unchanged at 3.8 percent. With food and fuel included, inflation is at 3.5…

UN Special Rapporteur Francesca Albanese explains how Israel justifies its killing and mass destruction in Gaza.To the United Nations official tasked with reporting on Palestinian human rights, international law is clear: Israel should withdraw from the territories it occupied in 1967. Instead, Israel aims for the “impossibility to continue civil life in Gaza,” as UN Special Rapporteur on the occupied Palestinian territories Francesca Albanese tells host Steve Clemons. Israel doesn’t deny the killings and mass destruction, but instead justifies its behaviour as “compliance with international humanitarian law”, Albanese says. And the failure of governments around the world to force Israel…

NewsFeedUNICEF says one of its vehicles came under fire during an attempted aid delivery to northern Gaza. Spokeswoman Tess Ingram told Al Jazeera what happened.Published On 11 Apr 202411 Apr 2024 Source link

An Israeli attack in northern Gaza on Wednesday killed three sons of Hamas chief Ismail Haniyeh as Israel continued its bombardment during Eid.Here’s how things stand on Thursday, April 11, 2024: Fighting and humanitarian crisis An Israeli attack in northern Gaza on Wednesday killed three sons of Hamas chief Ismail Haniyeh as Israel continued its bombardment of the besieged enclave on the Muslim holiday of Eid al-Fitr. Israel said they were Hamas operatives, while Haniyeh accused Israel of acting in “the spirit of revenge and murder”. Separately, Defence Minister Yoav Gallant said Israel is planning to “flood” Gaza with aid…

Prime minister pushes for recognition of a Palestinian state, says such a ‘just’ move would be in European Union’s interest.Spanish Prime Minister Pedro Sanchez has called Israel’s “disproportionate response” in its war on Gaza a regional and global threat and says the recognition of a Palestinian state is in Europe’s “geopolitical interests”. “The international community cannot help the Palestinian state if it does not recognise its existence,” he told members of parliament on Wednesday, adding that such a move was “just” and “what’s demanded by the social majority”. Sanchez has long pushed for the European Union to recognise Palestine, long…

Singapore – One of the world’s most open economies is attempting a delicate balancing act. On the one hand, the Southeast Asian city-state wants to lure the world’s best and brightest to bolster its workforce, one of Asia’s most diverse. On the other hand, it has to assure locals competing with foreigners for jobs that the system works for them, too, nipping potential resentment or xenophobia in the bud. From next year, the government will tweak that calculus in favour of locals by raising the salary threshold for foreigners seeking approval to work in the city-state. Last month, Singapore’s Ministry…

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Throughout Israel’s war on Gaza, Serbia has sought to publicly avoid political involvement in the conflict, with Belgrade maintaining a relatively neutral position aimed at preserving relationships. Serbia has ties with Israel and, at the same time, does not want to present itself on the international stage as undermining Palestinian interests, analysts told Al Jazeera. Understanding the Balkan country’s unique perspective on Israel-Palestine requires some understanding of 20th-century history. Serbs and Jewish Israelis share an identity as Holocaust victims. Belgrade is also linked to the Palestinians and Arab states through Yugoslavia’s historic role in the Non-Alignment Movement. And in 1967,…