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WNBA star Brittney Griner released from Russian detention in prisoner swap for convicted arms dealer | CNN Politics

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WNBA star Brittney Griner released from Russian detention in prisoner swap for convicted arms dealer | CNN Politics


Washington
CNN
 — 

WNBA star Brittney Griner has been launched from Russian detention, President Joe Biden mentioned Thursday.

A supply acquainted with the matter tells CNN that the swap entails convicted Russian arms seller Viktor Bout. The swap didn’t embrace one other American that the State Division has declared wrongfully detained, Paul Whelan.

“She’s protected, she’s on a aircraft, she’s on her approach dwelling,” Biden mentioned on the White Home Thursday morning alongside Griner’s spouse, Cherelle. “After months of being unjustly detained in Russia, held beneath untolerable circumstances, Brittney will quickly be again within the arms of her family members, and she or he ought to have been there all alongside.”

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Biden acknowledged that Griner’s launch was occurring whereas Whelan remained imprisoned, saying that Whelan’s household “should have such blended feelings immediately.”

“This was not a alternative of which American to carry dwelling,” Biden mentioned. “Sadly, for completely illegitimate causes, Russia is treating Paul’s case in another way than Brittney’s. And whereas now we have not but succeeded in securing Paul’s launch, we aren’t giving up. We are going to by no means surrender.”

Biden mentioned efforts to carry Griner dwelling took “painstaking and intense negotiations” as he thanked members of his administration who had been concerned.

“This can be a day we’ve labored towards for a very long time. We by no means stopped pushing for her launch,” he mentioned.

Biden gave last approval for the prisoner swap releasing Griner over the previous week, an official acquainted with the matter mentioned, including that Biden was up to date on the swap because it was going down this morning.

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He was briefed all through the morning as he awaited affirmation that Griner was again in US fingers, a US official says. As soon as that occurred, Biden spoke with Griner from the Oval Workplace, with Cherelle Griner, Vice President Kamala Harris and Secretary of State Antony Blinken was additionally on the decision, a second official mentioned.

Biden was “personally concerned and in fixed contact” along with his crew as this deal got here collectively within the last days and after he gave his private inexperienced mild to execute the commerce. The briefings – and questions Biden requested his crew – had been fixed, a senior administration official says.

The official added that this was the correct deal to make, however notably mentioned this was “the one deal we might make proper now.”

The Russians signaled lately that they had been solely prepared to barter for Griner and never Whelan, a US official mentioned. That’s as a result of Russia has been dealing with their circumstances in another way primarily based on what every has been accused of.

The Biden administration repeatedly made provides to get Whelan launched as a part of this deal, even after Russia made clear solely Griner was acceptable.

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In the long run, when it was clear Russia was going to refuse on Whelan, the US needed to settle for it.

“It was a option to get Brittney or nothing,” the US official mentioned.

The official says that was a “tough choice” for Biden however once more, one he felt he needed to make.

Russia mentioned on Thursday that Bout has returned dwelling to Russia, the Russian international ministry mentioned. The prisoner change with Griner was “accomplished efficiently at Abu Dhabi Airport” on Thursday, state media added.

Bout, nicknamed the “Service provider of Loss of life,” is a former Soviet army officer serving a 25-year jail sentence in america on expenses of conspiring to kill Individuals, purchase and export anti-aircraft missiles, and supply materials assist to a terrorist group. Moscow had slammed his sentencing in 2012 as “baseless and biased” and Bout has maintained he’s harmless.

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Griner – who, for years, had performed within the low season for a Russian ladies’s basketball crew – had been detained since February, when she was arrested on drug smuggling expenses at an airport within the Moscow area. Regardless of her testimony that she had inadvertently packed the hashish oil that was present in her baggage, she was sentenced to 9 years in jail in early August and was moved to a penal colony within the Mordovia republic in mid-November after dropping her attraction.

Whelan, a US, Irish, British and Canadian citizen, was detained at a Moscow resort in December 2018 by Russian authorities who alleged he was concerned in an intelligence operation. He was sentenced to 16 years in jail on espionage expenses he has vehemently denied. Whelan had been finishing up his sentence at a special labor camp in Mordovia, an eight-hour drive from Moscow, the place he advised CNN in June 2021 he spent his days working in a clothes manufacturing unit that he known as a “sweatshop.”

This story is breaking and shall be up to date.

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Fintech N26 says regulatory action cost it ‘billions’ in lost growth

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Fintech N26 says regulatory action cost it ‘billions’ in lost growth

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Years of regulatory action against German fintech N26 for its poor anti-money laundering controls may have cost the business billions of euros, co-founder Valentin Stalf told the Financial Times, as authorities finally remove a cap on its growth.

Financial regulator BaFin in 2021 ordered online-only bank N26 to limit its new client sign-ups to 50,000 a month, compared with the average 170,000 a month it was taking on at the time. The cap was increased to 60,000 last year and it will be removed from June, according to N26. BaFin declined to comment.

The regulator disclosed last week that it had fined the bank €9.2mn for the persistent late filing of suspicious activity reports in 2022. This followed an earlier fine of €4.25mn in 2021 for similar problems in previous years. An independent monitor that oversees N26’s anti-money laundering controls on behalf of BaFin will remain in place, according to people familiar with the situation.

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N26 said on Tuesday that the direct costs of the saga added up to €100mn, including spending on its control functions and monitoring systems, and the fines. But co-founder Valentin Stalf told the FT that the indirect costs were much higher.

“The impact on N26 surely amounts to billions of euros because it lowered the company’s valuation as we were unable to grow,” he said. In its most recent funding round in 2021 — before BaFin announced it was taking action — N26 was valued at €7.7bn.

Valentin Stalf: ‘The impact on N26 surely amounts to billions of euros because it lowered the company’s valuation as we were unable to grow’ © Noam Galai/Getty Images for TechCrunch

Stalf said he was “pleased about the trust of our regulators” and stressed that the bank’s priorities had changed since 2021, meaning it would not return to its earlier expansion spree.

“Our key priority won’t be growth but profitability of clients and attractiveness of market,” he told the FT, adding that N26 wanted to create “a sustainable portfolio of clients which is profitable in the long run”.

He stressed that the business would “of course” grow from June, but declined to give a specific expansion target.

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Business dynamics were also in its favour he claimed, saying N26 had “very strong demand” for its digital banking services and that “the market has not been carved-up by our competitors over the past two and a half years”.

N26 was on track to become profitable in the second half of this year, he said. Last year, it halved its losses to €100mn and reported a 27 per cent increase in revenues to more than €300mn. This year, it was hoping to increase revenues by up to 35 per cent, according to Stalf.

The business was founded in 2013 and has 8mn customers in 24 European countries, but in the past few years it has pulled back from some of its international expansion plans, exiting the UK, the US and Brazil.

It started out offering current accounts but has recently moved into brokerage services and savings accounts.

Stalf said N26 “did learn a lot over the past two and a half years from the close co-operation with the regulator” and that this experience would be “helpful for our next steps towards an IPO”.

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Severe weather chances continue Tuesday for North Texas

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Severe weather chances continue Tuesday for North Texas


CBS News Texas

Live

NORTH TEXAS – A severe thunderstorm watch is in effect until 11 a.m. for most of North Texas.

A tornado warning has been issued for Dallas, Rockwall and Kaufman counties until 6:30 a.m. 

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A severe thunderstorm warning is in effect for Denton, Collin, Tarrant counties until 6:30 a.m.

A destructive severe thunderstorm warning is in effect for Dallas County until 6:30 a.m. Winds could reach up to 80 mph.


Strong winds, large hail causing traffic delays in North Texas

01:56

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We are tracking storms in our northern counties heading south this morning.

Large hail and damaging winds are the main concerns, localized flooding is also possible. 

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CBS News Texas


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Video: Severe Storms and Tornadoes Cause Destruction in Several States

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Video: Severe Storms and Tornadoes Cause Destruction in Several States

new video loaded: Severe Storms and Tornadoes Cause Destruction in Several States

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Severe Storms and Tornadoes Cause Destruction in Several States

Severe weather hit several parts of the United States over the weekend, killing more than 20 people and leaving hundreds of thousands without power.

[NO SPEECH]

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