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Muhammad Yunus calls for Bangladesh free speech and independent judiciary

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Muhammad Yunus calls for Bangladesh free speech and independent judiciary

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Bangladesh’s new interim leader Muhammad Yunus has said the country of 170mn must reform its judiciary and ensure freedom of speech in order to fix the “complete mess” left by toppled prime minister Sheikh Hasina.

The Nobel Peace Prize-winning economist hailed as a “revolution” the ousting of Sheikh Hasina, who fled last week after a popular uprising against her authoritarian rule over Bangladesh, the world’s second-largest garments exporter.

“The monster is gone,” Yunus told foreign journalists in a briefing in the Bangladeshi capital Dhaka.

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An estimated 500 people have been killed since Sheikh Hasina last month ordered a crackdown on student protesters, triggering anger that ultimately toppled her government and provoked a wave of retaliatory attacks. Police have mostly gone into hiding, with security on Dhaka’s streets temporarily taken over by the military and student volunteers. 

Yunus said his most urgent task was to restore law and order “so that people can sit down or get to work”, but that he hoped to turn to broader reforms. “The opposition, young people always are talking: ‘There is no freedom of speech’,” he said. “Give them the freedom of speech.”

The 84-year-old added that ensuring “the independence of the judiciary” was another priority.

Sheikh Hasina, who had ruled Bangladesh since 2009, claimed to have brought development to what had been one of the world’s poorest countries. Her critics accused her government of corruption, rights abuses, rigging elections and stacking the judiciary with loyalists from her Awami League.

Chief justice Obaidul Hassan, the head of Bangladesh’s judiciary, resigned at the weekend following new demonstrations against him by student protesters.

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Yunus, who was celebrated internationally for founding microfinance pioneer Grameen Bank, was subject to a barrage of investigations under Sheikh Hasina that his supporters called a vendetta.

Yunus said he only agreed to lead the interim government because student protest leaders asked him to. He has two students in his new cabinet, and Yunus said they should play an even greater role. “Every ministry should have a student,” he said.

Yet he faces considerable obstacles in implementing his agenda. Legal experts debate how long his administration should be in power, with opinions ranging anywhere from three months to three years.

Opposition groups such as the Bangladesh Nationalist party are demanding new elections. And the Awami League is seeking to regroup following its routing last week.

The former prime minister’s son Sajeeb Wazed told the Financial Times that his mother, who is currently in neighbouring India, wanted to return to Bangladesh.

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“We are waiting to see how things unfold in Bangladesh and her hope is that at some point she will be able to go back,” Wazed said in a video interview from the US. He said Sheikh Hasina had not requested asylum in a third country.

Wazed denied his mother was responsible for the violence against protesters and said she was “absolutely” ready to face charges if it came to that “because she did nothing illegal”. 

Wazed also attacked Yunus’s interim government, saying it was “an unconstitutional government. There is no democracy in Bangladesh right now.”

Yunus told foreign journalists that Sheikh Hasina’s rule left “a mess, complete mess . . . Whatever they did, just simply doesn’t make sense to me”.

But he acknowledged the early euphoria around his leadership might not last. “The moment you start taking decisions, some people will like your decisions, some people will not like your decisions,” he said.

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“I’m doing this because this is what the youth of the country wanted, and I wanted to help them to do it. It’s not my dream, it’s their dream.”

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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

new video loaded: 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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