A lawsuit against Trump
Foreign media have reported on a decision to file a lawsuit against former President Donald Trump. The media reports further indicate that the Attorney General of New York, Letitia James, has made a statement about this. The Attorney General of New York, Letitia James, has announced that she will file a lawsuit against former President Donald Trump and three of his children. New York’s Attorney General Letitia James has further stated that cases will be filed against them for a business fraud.
Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilization.
(Reuters) – Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilisation, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. Brent crude futures rose $2.28, or 2.5%, to $92.90 a barrel by 0707 GMT after falling $1.38 the previous day. U.S. West Texas Intermediate crude was at $86.16 a barrel, up$2.22, or 2.6%. Putin said he had signed a decree on partial mobilisation beginning on Wednesday, saying he was defending Russian territories and that the West wanted to destroy the country. The escalation will lead to increased uncertainty over Russian energy supplies, said Warren Patterson, head of commodities research at ING. “The move could possibly lead to calls for more aggressive action against Russia in terms of sanctions from the west,” he said. Oil soared and touched a multi-year high in March after the Ukraine war broke out. European Union sanctions banning seaborne imports of Russian crude will come into force on Dec 5. “It seems like a knee-jerk reaction to a sliver of news and would be liable to further recalibration in the coming hours,” said Vandana Hari, founder of Vanda Insights in Singapore. Meanwhile, the United States said that it did not expect a breakthrough on reviving the 2015 Iran nuclear deal at this week’s U.N. General Assembly, reducing the prospects of a return of Iranian barrels to the international market. The OPEC+ producer grouping – the Organization of the Petroleum Exporting Countries and associates including Russia – is now falling a record 3.58 million barrels per day short of its production targets, or about 3.5% of global demand. The shortfall highlights the underlying tightness of supply in the market. Investors this week have been bracing for another aggressive interest rate hike from the U.S. Federal Reserve that they fear could lead to recession and plunging fuel demand. The Fed is widely expected to hike rates by 75 basis points for the third time in a row later on Wednesday in its drive to rein in inflation. Meanwhile, U.S. crude and fuel stocks rose by about 1 million barrels for the week ended Sept. 16, according to market sources citing American Petroleum Institute figures on Tuesday. U.S. crude oil inventories were estimated to have risen last week by around 2.2 million barrels in the week to Sept. 16, according to an extended Reuters poll. The head of Saudi state oil giant Aramco (2222.SE) warned on Tuesday that the world’s spare oil production capacity may be quickly used up when the global economy recovers.
The group of Sri Lankans who saved by the Ukrainian army tried to enter Europe illegally – Minister of State for Foreign Affairs
Minister of State for Foreign Affairs Taraka Balasuriya says that the 7 Sri Lankans who were rescued by the Ukrainian army while they were being held by Russian soldiers are a group of people who tried to immigrate to Europe illegally. In a press conference held yesterday (19), the Minister of State said that these people, who are residents of the North-Eastern areas, were captured by Russian forces last March. However, the Minister of State also mentioned that the group is in good health.
Tom Moody leaves Sri Lanka Cricket board
The Cricket board says that Tom Moody has agreed to withdraw from the contract related to the position of Sri Lanka Cricket Director. In a statement issued by the Cricket Institute, it is stated that after a discussion with the Australian national Mr. Tom Moody, it has been decided that his services are no longer needed. Mr. Tom Moody was appointed as the Director of Sri Lanka Cricket for a period of 3 years from March 01, 2021 onn the recommendation of the Technical Advisory Committee of the Sri Lanka Cricket board. At the time of the appointment, Sri Lanka Cricket said that Mr. Tom Moody’s role will include planning future match tours, focusing on the structure of domestic matches, player welfare and education.
New rag incident at Peradeniya University – 4 admitted to hospital
Another rag incident has happened at Peradeniya University recently. A group of students assaulted 11 female students of the Faculty of Law who was eating at the university’s Frog Canteen. The reason for the attack was that the students who were against the anti-rag were eating in the canteen while they were forbidden to eat in the canteen. The students who are against raging have been banned from eating in the canteen in this way by a group of students who are supported by the political parties who are implementing rag in the university. Two male students and two female students of the Faculty of Law of Peradeniya University who were injured due to the attack had to be taken to hospital. The university administration has now decided to suspend the classes of three students of the Faculty of Arts in connection with the attack.
India’s position on Sri Lanka is released
India says that it will continue to help Sri Lanka as much as possible. Indian High Commissioner Gopal Bagle said that Sri Lanka will continue to help important sectors of the economy and especially encourage long-term investments. The High Commissioner added that the aim is to bring the Sri Lankan economy back to a state of recovery. The Indian High Commission has issued this announcement in response to media reports that India will no longer provide financial assistance to Sri Lanka. To recover from the economic crisis in Sri Lanka, the value of the bilateral aid given to Sri Lanka so far this year is 4 billion dollars. Apart from this, India has spent about 3.5 billion dollars for bilateral development cooperation projects.
The Queen Elizabeth death-The moment the President Ranil met King Charles
A friendly conversation has taken place between President Ranil Wickramasinghe and King Charles III. This meeting took place when President Ranil Wickremesinghe was on his way to England to attend the funeral of Queen Elizabeth II. President Ranil Wickremesinghe met King Charles III in a meeting held at Buckingham Palace. Senior Professor Maithree Wickramasinghe also joined the occasion.
What will happen to the Sri Lankans in Ukraine?
It is reported that the Ukrainian government has not yet given an official statement to the Sri Lankan government regarding the rescue of the Sri Lankans held by the Russian forces in Kharkiv area of Ukraine. In an inquiry made by the Ministry of Foreign Affairs, they said that they are looking into this matter through the Sri Lankan Embassy in Turkey and they are confident that they will receive an official statement in this regard today (20). Foreign Affairs also stated that the Government of Sri Lanka has already requested the Government of Ukraine to provide the necessary information in this regard.
The youth will be released from Indian custody- Mr. Douglas Devananda
Mr. Douglas Devananda, Minister of Fisheries, says that steps will be taken to release all the youths in Indian custody as soon as possible. It was during a discussion held with a group of relatives of 69 Tamil youths who were arrested by the Indian Navy while trying to go abroad illegally. In the meeting held at Mullaitivu District Secretariat, the relatives said that they tried to go abroad due to the inability to continue their fishing jobs due to the current economic crisis. The arrested youths are currently detained in the Bangalore jail. The minister said that he does not condone trying to go to another country illegally, and said that he will take steps to free the concerned youths by using their relations.
Economic crisis in Sri Lanka-Steps to present plans for debt restructuring and IMF loan program to international creditors
Reuters reports that Sri Lanka has taken steps to present plans to international creditors for debt restructuring and the International Monetary Fund’s loan program. Reuters reported that Sri Lanka has taken steps to submit the relevant plans to international creditors on the 23rd. Reuters has reported in this regard, quoting an announcement issued by the Ministry of Finance.