World
EU relaxes state aid rules for companies impacted by war in Ukraine
Brussels introduced on Wednesday a short lived leisure of its guidelines limiting state assist for corporations to assist the financial system within the wake of the battle in Ukraine.
Competitors Commissioner Margrethe Vestager mentioned in an announcement that the sanctions the bloc and its Western allies have imposed on Russia over its navy invasion of Ukraine have “severely affected the Russian financial system” however that they “additionally take a toll on the European financial system and can proceed to take action within the coming months”.
“We have to mitigate the financial impression of this battle and to assist severely impacted corporations and sectors. And we have to act in a coordinated method,” she added.
The European Fee severely restricts state assist, arguing it provides beneficiaries a bonus and thus distorts competitors.
Nevertheless it launched larger flexibility in March 2020 to assist the COVID-stricken financial system.
The brand new framework launched on Wednesday will allow member states to grant “restricted quantities of assist” to corporations affected by the present disaster or by sanctions and countersanctions and compensate them for extra prices incurred attributable to “exceptionally excessive gasoline and electrical energy costs”. Member states may also be capable to subsidise loans to corporations impacted.
Assist is proscribed to €35,000 for corporations affected by the disaster within the agriculture, fisheries and aquaculture sectors and as much as €400,000 for corporations affected by the disaster in different sectors.
Companies described as “intensive vitality customers” will be capable to get compensated for the sharp enhance in gasoline and electrical energy costs though assist is capped at 30% of eligible value, as much as a most of €2 million. If it suffers extra losses which will endanger its survival, assist will be elevated to as much as 25 million or 50 million of they function in particular sectors together with the manufacturing of aluminium and different metals, glass fibres, pulp, fertiliser or hydrogen and plenty of primary chemical compounds.
The EU has up to now imposed 4 rounds of sanctions towards Russia which have focused the Central Financial institution and different banks, the metal sector and tons of of people and entities together with Russian President Vladimir Putin and oligarchs.
Power and meals costs had already drastically risen earlier than Russia launched its navy assault on 24 February.
Based on Eurostat, vitality inflation was in January 27% greater than a 12 months in the past.
In the meantime, world meals costs had additionally reached a document excessive, climbing 24% on the 12 months in February, and they’re anticipated to extend even additional as a result of battle. Ukraine and Russia are giant producers and exporters of cereals together with wheat which has raised issues of famine in a number of the poorest elements of the world.
World
US citizen imprisoned in Russia given new 15-year sentence in wake of espionage conviction
A Russian-born U.S. citizen who was already behind bars in Russia on a bribery conviction has been handed a second sentence for espionage.
Eugene Spector was sentenced to a new 15-year term for his espionage conviction, according to Russian news agencies. Spector was born and raised in Leningrad, Russia, but later moved to the U.S. and became a citizen.
A Moscow court brought espionage charges against Spector in August of last year, although details surrounding the case were not made publicly available.
RUSSIA ARRESTS US CITIZEN ON ESPIONAGE CHARGES: REPORT
The U.S. State Department said it was aware of reports of a U.S. citizen in Russia being sentenced and that it was monitoring the situation.
Spector, a former executive at a medical equipment company in Russia, was sentenced in September 2022 to three and a half years in prison for enabling bribes to an aide of former Russian Deputy Prime Minister Arkady Dvorkovich.
WALL STREET JOURNAL’S EVAN GERSHKOVICH REVEALS SHADOWY KREMLIN FIGURE BEHIND IMPRISONMENT IN RUSSIA
The aide, Anastasia Alekseyeva, was sentenced to 12 years in April for accepting bribes of two expensive overseas vacation trips.
Dvorkovich was a deputy prime minister under former Russian Prime Minister Dmitry Medvedev in 2012 to 2018. Dvorkovich is currently head of the international chess federation FIDE.
The Associated Press contributed to this report.
World
Passenger plane crashes in Kazakhstan: Emergencies ministry
BREAKINGBREAKING,
Passenger plane crashed near the city of Aktau.
An passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan, the Central Asian country’s Emergencies Ministry said in a statement.
Fourteen people had survived the crash and had been hospitalised, according to the local health officials.
“At the moment, 14 survivors have been taken to the regional hospital, including five in intensive care,” the health ministry’s regional department said in a statement. The Emergencies Ministry said fire services had put out the blaze
Azerbaijan Airlines said the Embraer 190 aircraft, with flight number J2-8243, had been flying from Baku to Grozny, the capital of Russia’s Chechnya, but had been forced to make an emergency landing approximately 3 km (1.8 miles) from the Kazakh city of Aktau.
Russian news agencies said the plane had been rerouted due to fog in Grozny.
Authorities in Kazakhstan said they had begun looking into different possible versions of what had happened, including a technical problem, Russia’s Interfax news agency reported.
More to follow.
World
Justin Baldoni Sued by Former Publicist Amid Blake Lively Scandal
Justin Baldoni‘s former publicist sued him, his company and his current publicity team on Tuesday, amid a spiraling scandal over an alleged smear campaign against Baldoni’s “It Ends With Us” co-star Blake Lively.
Steph Jones, who owns Jonesworks, accused Baldoni of breaching their contract, which required him to pay her $25,000 per month. Baldoni dropped the firm in August, a few months into a year-long deal, after his Jonesworks publicist, Jennifer Abel, left the company to start her own publicity firm.
Jones also sued Abel and publicist Melissa Nathan, accusing them of implementing the smear campaign against Lively behind her back and without her knowledge. She alleges that they are now trying to blame her for the ensuing meltdown.
“To this day, Abel and Nathan continue to point the finger falsely at Jones now that their own misconduct is coming to light, and to defame and attack Jones in the industry,” the lawsuit states.
Lively filed a complaint on Saturday with the California Civil Rights Department, accusing Baldoni and his publicists of orchestrating negative coverage about her in retaliation for her complaints of sexual harassment on set.
In the complaint, Lively accused Baldoni of a catalog of sexually inappropriate comments and behavior that allegedly took place on set in 2023. According to the complaint, she raised these issues through her attorneys before filming, which had been suspended during the Hollywood strikes, resumed earlier this year.
The rift between Baldoni and Lively became apparent during the publicity tour for the film last summer. Baldoni feared that Lively or her team would public accuse him of sexual misconduct, and sought ways to combat that. The complaint quoted extensively from text messages among Baldoni’s publicity team, in which they plotted to “bury” Lively.
In an unusual move, Lively’s attorneys obtained the messages by sending a pre-litigation subpoena to Jones.
Abel, Nathan, and Baldoni are represented by attorney Bryan Freedman. On Monday, Freedman threatened to sue Jones for releasing the contents of Abel’s phone to Lively’s legal team. Freedman, Abel and Nathan did not immediately respond to a request for comment on Jones’ suit.
In her lawsuit, Jones relates that she “forensically preserved” Abel’s company phone after Abel was fired.
“Abel and Nathan’s covert take down and smear campaigns were revealed in black and white on Abel’s company-issued phone following her termination, which Jonesworks forensically preserved and examined in detail after receiving a subpoena for the phone’s contents,” Jones’ suit states. “Jones discovered the breadth and intensity of Abel and Nathan’s duplicity from these records, including that Abel was actively encouraging other Jonesworks clients and employees to leave Jonesworks while Abel was still employed there.”
Jones’ suit alleges that Abel conspired for months to leave her company and to “steal” her clients and trash her reputation in the industry. She accuses Nathan of encouraging Abel to leave, because Nathan would then have greater access to those clients.
“This scheme ultimately inflicted serious damage on Jones and Jonesworks,” states the lawsuit, which was filed in state court in New York.
Among other things, the suit alleges that Abel and Nathan planted negative stories about Jones in the press, including an article in Business Insider that was published last summer.
The suit alleges breach of contract, tortious interference with contract, breach of fiduciary duty and defamation.
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