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Bangladesh protesters back Nobel laureate Muhammad Yunus for government role

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Bangladesh protesters back Nobel laureate Muhammad Yunus for government role

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Student protesters in Bangladesh have called for Nobel Peace Prize winner Muhammad Yunus to be named chief adviser of a new interim government after Prime Minister Sheikh Hasina fled the country in the face of a popular uprising.

Sheikh Hasina, who governed the country for two decades, was ousted with startling speed on Monday after weeks of violent protests over an unpopular job quota scheme swelled into a youth-led movement that demanded she step down.

The Dhaka Tribune reported that at least 135 people died on Monday as thousands of protesters demanding Sheikh Hasina quit marched on her residence and took control of the streets of Dhaka, the capital.

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Army chief Waker-Uz-Zaman said the military would hold talks with President Mohammed Shahabuddin and political party representatives on forming a new government. Shahabuddin also ordered the release of jailed ex-prime minister Khaleda Zia and student protesters.

“We have decided that an interim government will be formed in which internationally renowned Nobel laureate Dr Muhammad Yunus, who has wide acceptability, will be the chief adviser,” Nahid Islam, an organiser of the Anti-Discrimination Student Movement, said in a video statement.

“We have spoken to Dr Muhammad Yunus and, at the call of the students and to protect Bangladesh, Dr Muhammad Yunus has decided to take on the responsibility.”

An official from Yunus’s office confirmed that he had accepted the students’ request. 

Yunus, 84, who won the Nobel Peace Prize in 2006, is the founder of pioneering microlender Grameen Bank and one of the south Asian country’s most prominent figures. He has faced multiple court cases as part of what his supporters described as a politically motivated vendetta by Sheikh Hasina, who saw him as a potential rival.

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On Tuesday, India’s government confirmed that Sheikh Hasina had arrived in Delhi on Monday evening.

“At very short notice, she requested approval to come for the moment to India,” S Jaishankar, India’s external affairs minister, told parliament. “We simultaneously received a request for flight clearance from the Bangladesh authorities. She arrived yesterday evening in Delhi.”

According to some reports, Sheikh Hasina plans to seek refuge in the UK, where her niece, Tulip Siddiq, is an MP with the ruling Labour party and serves as economic secretary to the Treasury.

However, British officials played down the prospect of Sheikh Hasina being welcomed in the UK, noting there was no provision in the country’s immigration rules allowing somebody — even a fleeing prime minister — to travel to the UK to seek asylum or temporary refuge.

Britain’s policy is to urge anyone seeking international protection to claim asylum in the first safe country they reach as the fastest route to safety, said the officials, who requested anonymity.

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Sheikh Hasina’s ousting has thrown Bangladesh’s turbulent politics and struggling economy into further disarray. The prime minister, who claimed a fifth term in power this year after a disputed election, had ruled with an increasingly authoritarian hand.

On Monday, as news of Sheikh Hasina’s flight spread, protesters attacked and looted her former residence and other buildings, news footage showed, in scenes that recalled the 2022 uprising in Sri Lanka that overthrew Gotabaya Rajapaksa as president.

People also attacked statues of Sheikh Hasina’s father, independence hero Sheikh Mujibur Rahman, who was the subject of a personality cult promoted by the prime minister and her Awami League party.

The protest movement was sparked by a quota system reserving coveted civil service jobs for specific groups, including descendants of veterans who served in the country’s 1971 civil war in which it split from Pakistan. About 300 people were killed in a crackdown on the demonstrations in the weeks before Sheikh Hasina’s resignation.

“There is a lot of anger and frustration and very high expectations that all of the bad things that have been done will be addressed quickly,” said Badiul Alam Majumdar, activist and secretary of Shujan: Citizens for Good Governance, a non-governmental organisation.

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“Violence and taking revenge is not acceptable and that needs to stop,” he added. “We have a new beginning.”

Additional reporting by Jyotsna Singh in New Delhi

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Video: Fires Continue to Burn One Week Later in California

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Video: Fires Continue to Burn One Week Later in California

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Fires Continue to Burn One Week Later in California

The Palisades and Eaton fires, ravaging Los Angeles for more than a week, remain mostly uncontained by firefighters.

“We just had — just had Christmas morning right over here, right in front of that chimney. And this is what’s left.” “I urge, and everybody here urges, you to remain alert as danger has not yet passed. Please follow all evacuation warnings and orders without delay and prioritize your safety.”

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South Korea’s President Yoon Suk Yeol arrested after stand-off with police

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South Korea’s President Yoon Suk Yeol arrested after stand-off with police

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South Korea’s suspended President Yoon Suk Yeol was arrested on Wednesday morning following a predawn raid by police and investigators on his fortified hilltop compound.

Yoon’s detention followed a six-hour stand-off between law enforcement officials and members of the president’s security detail. It is the first time in South Korea’s history that a sitting president has been arrested.

The development marks the latest twist in a political crisis that was triggered by his failed attempt to impose martial law last month, and which has shaken confidence in the democratic integrity of Asia’s fourth-largest economy.

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Yoon was suspended from his duties after he was impeached by parliament in December following his attempt to impose martial law. The country is currently being led by finance minister Choi Sang-mok as acting president.

The operation on Wednesday, which began shortly after 4am, was the second attempt this month by the CIO to detain Yoon for questioning on insurrection and abuse of office charges.

An initial effort earlier this month was foiled by Yoon’s protection officers following a tense hours-long stand-off at the presidential residence. Yoon had previously refused to comply with investigators and had challenged their authority to bring him in for questioning.

“The rule of law has completely collapsed in this country,” Yoon said in a video statement recorded before his transfer to the headquarters of the country’s Corruption Investigation Office for questioning. “I’ve decided to appear for CIO questioning in order to prevent any bloodshed.”

According to South Korea’s state-owned news agency Yonhap, police and officials from the CIO arrived at the compound early on Wednesday and presented a warrant for Yoon’s arrest but were again initially prevented from entering by the Presidential Security Service.

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Yonhap also reported that about 30 lawmakers from Yoon’s conservative People Power party were at the compound and attempting to prevent officials from entering it.

But with hundreds of police gathered outside, some of them equipped with ladders and wire cutters to overcome barricades erected by Yoon’s protection officers, CIO officials were eventually allowed to enter the residence.

Yoon’s lawyers initially attempted to broker a deal whereby he would surrender voluntarily for questioning. But this was not accepted by CIO officials, and he was eventually arrested just after 10.30am and transferred to the investigative agency’s headquarters.

“Yoon’s arrest is the first step towards restoring our constitutional order,” said Park Chan-dae, floor leader of the leftwing opposition Democratic Party of Korea. “It underlines that justice is still alive.”

While Yoon’s powers have been transferred to Choi as acting president, he remains South Korea’s head of state while the country’s Constitutional Court deliberates on whether to approve his impeachment or reinstate him in office.

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The court held its first formal hearing into Yoon’s impeachment on Tuesday, but the session was adjourned after four minutes because the suspended president declined to attend, citing concerns for his personal safety.

The efforts by the CIO and police to detain Yoon for questioning relates to a separate, criminal process connected to his failed imposition of martial law. Yoon’s lawyers insist the CIO has no standing to pursue criminal insurrection charges against him.

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SEC sues Elon Musk, says he didn't disclose Twitter ownership on time before purchase

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SEC sues Elon Musk, says he didn't disclose Twitter ownership on time before purchase

Elon Musk speaks as part of a campaign town hall in support of Donald Trump in Folsom, Pa., on Oct. 17, 2024.

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The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.

As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his ownership of more than 5% of Twitter’s shares. Musk bought Twitter in October 2022 and later renamed it X.

Musk started amassing Twitter shares in early 2022, and by March of that year, he owned more than 5%. At this point, the complaint says, he was required by law to disclose his ownership, but he failed to do so until April 4, 11 days after the report was due.

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Representatives for X and Musk did not immediately return a message for comment.

After Musk signed a deal to acquire Twitter in April 2022, he tried to back out of it, leading the company to sue him to force him to go through with the acquisition.

The has SEC said that starting in April 2022, it authorized an investigation into whether any securities laws were broken in connection with Musk’s purchases of Twitter stock and his statements and SEC filings related to the company.

Before it filed the lawsuit, the SEC went to court in an attempt to compel Musk to testify as part of an investigation into his purchase of Twitter.

The SEC’s current chair, Gary Gensler, plans to step down from his post on Jan. 20 and it is not clear if the new administration will continue the lawsuit.

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