Search This Blog

Tuesday, January 9, 2024

Nigeria Probe of Ex-Central Banker Seen Snaring Dozens of Firms

 

  • Nigeria’s anti-graft commission looking into forex allocations
  • Business lobby says probe could chill investor confidence

Nigeria’s investigation into the former governor of the country’s central bank has spread to 50 companies in addition to the empire of billionaire Aliko Dangote, according to the Manufacturers Association of Nigeria.

In a sharply-worded statement Tuesday, the lobby decried what it called the “Gestapo style invasion” of Dangote Group offices in Lagos on Jan. 4 by the Economic and Financial Crimes Commission, warning it could harm the economy and chill investment.

https://www.bloomberg.com/news/articles/2024-01-09/nigeria-probe-of-ex-central-banker-seen-snaring-dozens-of-firms

UAE Bans Tankers Flying Cameroon Flag On Safety Concern

 

The United Arab Emirates banned ships arriving in its waters that sail under the flag of Cameroon — a move that distances the emirate from risky vessels that have been assembled to transport sanctioned oil.

The Cameroon flag has been added to a restricted list and maritime companies and ship agents should not provide vessels registered in the African country with services, according to a Ministry of Energy and Infrastructure circular published on the Port of Fujairah website. The ban won’t apply to ships that have been assessed by a wider international classification body.

https://www.bloomberg.com/news/articles/2024-01-09/uae-bans-tankers-flying-risky-flag-many-have-moved-russian-oil

Grifols Denies Gotham Claims as Short Seller Triggers 26% Rout

 

  • Spanish medical firm says its accounting process was correct
  • The stock drop wiped about €2.2 billion of market value

Grifols SA is pushing back against a report by Gotham City Research LLC that alleged the company has overstated profit and misstated its accounting, which sparked a record one-day selloff in the shares.

The Barcelona-based blood plasma company said all the transactions mentioned in the short seller’s report were recorded and presented to regulatory authorities in Spain and the US. “There’s no new information that can be considered hidden,” Grifols said in a filing on Tuesday.

https://www.bloomberg.com/news/articles/2024-01-09/grifols-denies-gotham-claims-as-short-seller-triggers-26-rout

Israel To Blinken: Gazans Can't Return To North Until Hostages Released

 US Secretary of State Antony Blinken is in Israel after previously speaking with Arab leaders in the region where he urged them to join the US in seeking to limit the spread of the Gaza war and to lessen the dire humanitarian impact.

"Palestinian civilians must be able to return home as soon as conditions allow," he had stated in Qatar on Sunday. But just as Blinken arrived in Tel Aviv on Monday, Axios reported that the Israeli side is expected to say 'no'... not until a new hostage deal is reached.  

Axios writes, "Israeli officials will tell Secretary of State Tony Blinken on Tuesday that Israel won't allow Palestinians to return to northern Gaza if Hamas doesn't agree to release more hostages," based on two senior Israeli officials. Washington is expected to keep up some degree of pressure on Israel over the humanitarian situation given the Gaza health ministry has said there are over 23,000 deaths, which are mostly civilian.

The Israel Defense Forces (IDF) have just announced entry into a new phase of the war after having largely pacified the north, but there's heavy fighting expected to persist in the south and central areas of the Strip.

One of the Israeli government sources told Axios, "We are not going to allow Palestinians to go back to their homes in northern Gaza if there is no progress with the release of hostages." A second official said, "There are Israeli and American hostages that are still held in Gaza. We think we will know within a few weeks whether a new deal to release them is possible or not."

About 130 Israeli and foreign hostages are still being held by Hamas and Palestinian Islamic Jihad (PIJ), and the two sides haven't so much as been close to striking a second major hostage swap.

The Israeli side wants to use the security situation, and the question of whether Gazans should be able to return to their homes, as leverage related to negotiations for the return of the hostages:

Israeli negotiators who are working on the issue believe the return of Palestinians to northern Gaza is significant leverage that Israel doesn't want to give up as it tries to secure a new hostage deal, a second Israeli official said.

Regional media has underscored that last week's assassination by drone strike against Hamas deputy political head Saleh al-Arouri has complicated efforts at reaching another hostage deal:

Qatar’s Prime Minister and Minister of Foreign Affairs, Mohammed bin Abdulrahman Al Thani, met with the families of six Israeli and American captives in Doha on Saturday, Israeli media reported.

During the meeting, Al Thani informed the families that Israel's assassination of Hamas leader Saleh al-Arouri has complicated negotiations for the release of captives.

Blinken's words emphasizing that Gazan civilians must be allowed to return to their homes is also pushback against top Israeli officials who are arguing that Gazans must be permanently displaced. "They cannot and they must not be pressed to leave Gaza," Blinken had said in Qatar.

But Prime Minister Benjamin Netanyahu has long said his government is entertaining the possibility. "Our problem is countries that are ready to absorb them, and we are working on it," he had stated while media reports say that even some African countries might be willing. This potential policy has been met with widespread international condemnation, and as tantamount to ethnic cleansing. Some of Netanyahu's more outspoken ministers have called for Israelis to be able to take over Palestinian homes in the Gaza Strip. 

https://www.zerohedge.com/geopolitical/israel-blinken-gazans-cant-return-north-until-hostages-released

First US Moon Lander Mission In 50 Years Suffers 'Critical' Fuel Loss

 America's first commercial moon lander, and the first to launch from the Lower 48 in five decades, suffered a "critical" propellant loss from a fuel leak hours after United Launch Alliance's new Vulcan booster blasted the spacecraft into space early Monday morning.

"An ongoing propellant leak is causing the spacecraft's Attitude Control System (ACS) thrusters to operate well beyond their expected service life cycles to keep the lander from an uncontrollable tumble," Pittsburgh-based company Astrobotic Technology wrote in a statement about its Peregrine robotic lunar lander. 

Astrobotic continued: "If the thrusters can continue to operate, we believe the spacecraft could continue in a stable sun-pointing state for approximately 40 more hours, based on current fuel consumption."

"At this time, the goal is to get Peregrine as close to lunar distance as we can before it loses the ability to maintain its sun-pointing position and subsequently loses power," Astrobotic added.

After launching from Florida at 0218 ET Monday aboard the Vulcan booster, the Peregrine lander separated from the rocket about an hour later and "entered a safe operational state." Hours after separation, the propulsion system issue occurred. 

The failure of the propulsion system means the moon landing, initially scheduled for February 23, is no longer possible. 

Astrobotic posted an image of Peregrine in space on social media platform X. 

X users pointed out that parts of the spacecraft's outer skeleton appear 'crinkled.' 

Astrobotic developed Peregrine under a $108 million contract with NASA. 

https://www.zerohedge.com/technology/houston-we-have-problem-first-us-moon-lander-mission-50-years-suffers-critical-fuel-loss

Epps Dodges Prison, Gets Probation, Community Service For Telling J6ers To Go "Into The Capitol"

 Ray Epps, the man caught multiple times telling January 6th protesters to escalate their demonstration and go "into the Capitol" on January 6th, 2021, will spend no time in prison for his role that day.

Instead, Epps has been given 12 months probation, $500 in restitution, and 100 hours of community service.


According to Epps' sentencing memorandum, Epps should have served 6 months in jail.

"Although Epps engaged in felonious conduct during the riot on January 6, his case includes a variety of distinctive and compelling mitigating factors, which led the government to exercise its prosecutorial discretion and offer Epps a pre-indictment misdemeanor plea resolution," wrote DOJ senior trial counsel Michael Gordon in the sentencing memo. 

Epps' attorney, Edward Ungvarsky, argued that Epps should serve no jail time, and that "right-wing political dramaturges" resulted in Epps being "attacked, defamed, and vilified."

According to the sentencing memorandum, Gordon asserted that Epps "has been the target of a false and widespread conspiracy theory that he was an undercover government agent on January 6."

Other mitigating factors included Epps calling the FBI on Jan. 8, 2021 to explain his actions two days prior. Further, Gordon listed his cooperation with both the FBI and the now-defunct House Jan. 6 Select Committee (which lost video evidence of their witness interviews), and what the DOJ describes as his efforts to de-escalate tensions between protesters and the police.

"Epps only acted in furtherance of his own misguided belief in the 'lie' that the 2020 presidential election had been 'stolen,'" reads the memorandum. "However, due to the outrage directed at Epps as a result of that false conspiracy theory, he has been forced to sell his business, move to a different state, and live reclusively."

As the Epoch Times reports further, Epps' photo was removed from the FBI's Jan. 6 most-wanted page without explanation.

On Sept. 18, 2023, prosecutors charged Mr. Epps with one count of disorderly or disruptive conduct in a restricted building or grounds, a petty misdemeanor with a maximum six-month jail term.

On Sept. 21, 2023, Mr. Epps pleaded guilty to the charge. In mere days, the high-profile case was dispatched, a stark contrast to many Jan. 6 prosecutions that have stretched across nearly three years.

Sentencing in the case had been scheduled for Dec. 20, 2023, but Chief U.S. District Judge James Boasberg granted a continuance until 10 a.m. Jan. 9 at the federal courthouse in Washington D.C.

In his sentencing memo, Mr. Ungvarsky said Mr. Epps’ intention all along was for peaceful protests at the Capitol on Jan. 6.

“Ray Epps understands the serious mistake he made when he joined others to attend the Stop the Steal Rally on January 6, 2021, and to encourage others to walk to the U.S. Capitol to continue to protest,” Mr. Ungvarsky wrote.

“At all times, Mr. Epps’ intent was that the protest would be peaceful and would be done peacefully,” Mr. Ungvarsky said. “Those were his words on January 5, and that was his intent on January 6.”

Late on Jan. 2, Mr. Ungvarsky filed a motion asking to shield under court seal the identifying information of persons mentioned in Mr. Epps’ forthcoming sentencing exhibits.

“For safety concerns, counsel has redacted the names and identifying information of persons who authored or are discussed in exhibits of sentencing letters and memoranda,” Mr. Ungvarsky wrote. “Documented prior harassment and threats provide a specific basis for this request in this case.”

https://www.zerohedge.com/political/ray-epps-dodges-prison-sentence-gets-probation-community-service-telling-j6ers-go-capitol

Industry Group Prepares Another Lawsuit Against Florida’s Drug Importation Plan

 The Pharmaceutical Research and Manufacturers of America is preparing to file another lawsuit against Florida’s FDA-approved program to import prescription drugs from Canada. The development was reported by Endpoints News on Monday, citing an unnamed source familiar with the matter.

The industry group’s latest legal action comes after the FDA on Friday approved Florida’s Canadian Prescription Drug Importation Program, which will allow the state to import “certain prescription drugs” from Canada in an effort to lower prices for American consumers.

The program’s authorization will last for two years, starting from the date that the FDA is notified of the first imported drug shipment. As part of its obligations under the program, Florida’s Agency for Health Care Administration (AHCA) must ensure that the drugs it wants to import are authentic and comply with the FDA’s standards.

The AHCA should also relabel the drugs to be consistent with FDA-approved labelling and provide the FDA with a quarterly report containing information about the imported drugs, any potential safety and quality problems and cost savings generated through the program.

In its own statement, the office of Florida Governor Ron DeSantis said that the program is the first of its kind in the U.S. and will help the state save up to $180 million in just its first year of implementation. Florida will prioritize prescription drugs for chronic conditions, such as HIV, prostate cancer and mental illnesses.

“After years of federal bureaucrats dragging their feet, Florida will now be able to import low-cost, life-saving prescription drugs. It’s about time that the FDA put patients over politics and the interests of Floridians over Big Pharma,” DeSantis said.

In a statement, Stephen Ubl, president and CEO of the Pharmaceutical Research and Manufacturers of America (PhRMA), called the FDA’s approval of Florida’s importation plan “reckless” and said that the trade group is “deeply concerned” about its potential ramifications.

“Ensuring patients have access to needed medicines is critical, but the importation of unapproved medicines, whether from Canada or elsewhere in the world, poses a serious danger to public health,” Ubl said.

Florida first submitted its proposal for the drug importation program in November 2020, seeking to lower the price of prescription drugs for Floridians. For three years, the FDA had delayed its decision on the matter, leading Florida in 2022 to sue the agency for allegedly dragging its feet on the program application.

PhRMA had also previously filed a lawsuit to block Florida’s importation program, but in February 2023, Judge Timothy Kelly of U.S. District Court of Columbia ruled that the industry group lacked standing, saying that the organization or its members do not face “concrete risk of harm from the inchoate importation program.”

https://www.biospace.com/article/industry-group-prepares-another-lawsuit-against-florida-s-drug-importation-plan/