Star Tax Scandal Witness Kai-Uwe Steck Convicted in Bonn Trial
Kai-Uwe Steck, a star witness who exposed the inner workings of the Cum-Ex scandal, was convicted and sentenced to a suspended jail term of 1 year and 10 months for his own role in the tax scheme.
Steck was guilty of involvement involving over €428 million ($488 million) in losses to the German tax authorities, the Bonn Regional Court ruled on Tuesday.
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The Hill
42 minutes ago
- The Hill
Sunday shows preview: Trump-Musk spat leaves admin reeling; ‘Big, beautiful bill' hits speed bump
President Trump and tech billionaire Elon Musk's feud spilled out in public on Thursday, with the world's richest man and the world's most powerful leader trading barbs that engulfed news cycles in Washington and abroad. Musk, a Trump ally, was vocal about his disappointment with Trump's 'Big, Beautiful Bill' currently sitting in the Senate. Musk, who spent millions during the 2024 presidential campaign to help elect Trump, called the massive piece of legislation a 'disgusting abomination.' Trump then weighed in on Thursday at the White House during German Chancellor Friedrich Merz's visit, saying, 'Elon and I had a great relationship. I don't know if we will anymore.' The spat intensified, with Musk floating the prospects of creating a third party, claiming that without his political contributions, Trump would not be victorious against ex-Vice President Harris in November and accusing the president of having ties to convicted sex offender Jeffrey Epstein. Trump threatened to cut off federal contracts awarded to Musk's companies. Later on Thursday, Musk signaled he might be open to brokering a truce with the commander-in-chief. After speaking with several news outlets Friday morning, Trump suggested he is ready to move on and indicated that he will not be speaking with Musk for a while. Trump told CNN Friday morning that he is 'not even thinking about Elon' and added that the SpaceX and Tesla CEO has 'got a problem. The poor guy's got a problem.' In the Senate, Trump's agenda bill, which passed the House chamber last month, has sparked concerns and criticism from GOP senators. The first group of GOP Sens., which consists of Susan Collins (R-Maine), Lisa Murkowski (R-Alaska), Jerry Moran (R-Kan.) and Josh Hawley (R-Mo.), are arguing they could vote against the bill if it slashes Medicaid benefits. Others, including Sens. Rand Paul (R-Ky.) and Ron Johnson (R-Wis.) have previously said they would not back the legislation if it retains the current debt and spending levels. The GOP can have three defections total if all Democrats vote against the legislation. Sen. Johnson will be on CNN's 'State of the Union where he will likely discuss if any of his concerns regarding the 'Big, Beautiful Bill' have been addressed. As part of a push to root out waste, fraud and abuse within Medicare, Sen. Thom Tillis (R-N.C.) said this week that a bill sponsored by Sens. Bill Cassidy (R-La.) and Jeff Merkley (D-Ore.), that would crack down on Medicare Advantage overpayments known as 'upcoding,' could be inserted into Trump's massive legislation. Cassidy will be on NewsNation's 'The Hill Sunday,' where he will likely discuss the latest on the reconciliation package along with his recent visit to the White House. NewsNation's 'The Hill Sunday': Sen. Bill Cassidy (R-La.); Rep. Sarah Elfreth (D-Ma); U.S. Chamber of Commerce chief policy officer Neil Bradley. ABC's 'This Week': Ukrainian President Volodymyr Zelenskyy; House Speaker Mike Johnson (R-La.). NBC's 'Meet the Press': Sens. James Lankford (R-Okla.), and Cory Booker (D-N.J.). CNN's 'State of the Union': 'Sens. Bernie Sanders (I-Vt.), Ron Johnson (R-Wis.), and Markwayne Mullin (R-Okla.); Rep. Nicole Malliotakis (R-N.Y.). CBS' 'Face the Nation': National Economic Council Director Kevin Hassett; Sen. Amy Klobuchar (D-Minn.); Rep. Tony Gonzales (R-Texas); Save the Children U.S. President and CEO Janti Soeripto. 'Fox News Sunday': Office of Management and Budget Director Russ Vought; Sen. Rick Scott (R-Fla.); Rep. Michael McCaul (R-Texas). Fox News' 'Sunday Morning Futures': Secretary Of Interior Doug Burgum, Sen. Rand Paul (R-Ky.); House Ways And Means Committee Chairman Rep. Jason Smith (R-Mo.); Rep. Marjorie Taylor Greene (R-Ga.).
Yahoo
3 hours ago
- Yahoo
Operation Spider's Web: Germany estimates that Ukraine damaged 10% of Russian strategic aircraft
Ukraine's drone attack on Russian airfields on 1 June probably damaged about 10% of Russia's strategic bomber fleet, German Major General Christian Freuding has said. Source: Freuding in a podcast, as reported by European Pravda, citing Reuters Quote: "According to our assessment, more than a dozen aircraft were damaged, TU-95 and TU-22 strategic bombers as well as A-50 surveillance planes." Details: According to the general, who coordinates Berlin's military assistance to Kyiv and works closely with the Ukrainian Defence Ministry, the A-50s, which have a similar function to NATO's AWACS aircraft in providing air surveillance, were probably not in working order. "We believe that they can no longer be used for spare parts. This is a loss, as only a handful of these aircraft exist," he said. "As for the long-range bomber fleet, 10% of it has been damaged in the attack according to our assessment," Freuding added. The United States estimates that the daring Ukrainian drone attack hit up to 20 Russian warplanes, destroying about 10 of them, two US officials told Reuters. Experts say it will take Moscow years to replace the affected aircraft. Despite the losses, Freuding sees no immediate reduction in Russian strikes on Ukraine, noting that Moscow still retains 90% of its strategic bombers, which can launch ballistic and cruise missiles in addition to dropping bombs. "But there is, of course, an indirect effect as the remaining planes will need to fly more sorties, meaning they will be worn out faster, and, most importantly, there is a huge psychological impact," he said. Freuding said that Russia felt secure in its vast territory, which also explains why the aircraft were not well protected. "After this successful operation, this no longer holds true. Russia will need to ramp up the security measures," the general said. Background: On 1 June 2025, the Security Service of Ukraine (SSU) carried out a special operation codenamed Pavutyna ("Spider's Web"), hitting Russian strategic jets at four airfields. SSU head Vasyl Maliuk stated that 34% of strategic cruise missile carriers at Russia's main airfields had been destroyed. The SSU said the estimated cost of the equipment destroyed as a result of Operation Spider's Web is over US$7 billion. A senior NATO official called the operation the most successful one yet. The Alliance estimated that at least 40 aircraft were damaged. Between 10 and 13 aircraft were completely destroyed. Ukrainian President Volodymyr Zelenskyy has emphasised that the security services used exclusively Ukrainian weapons in this operation and did not use equipment from allied warehouses. Support Ukrainska Pravda on Patreon!
Yahoo
3 hours ago
- Yahoo
Man drives into a crowd in Germany's Passau, injuring several
A man drove a car into a group of people in the southern German city of Passau on Saturday, injuring several people, police said. Five people are being treated in hospital, including the man's wife, 38, and their 5-year-old daughter, according to a police spokesman. The severity of their injuries was not immediately known. The incident occurred at 3:30 pm (1330 GMT). Passers-by alerted the police. Police detained the driver, 48, and have not ruled out that he drove into the crowd on purpose, though that is currently unclear. Police suspect the incident may be linked to his relationship, the spokesman said. "The criminal police are on site and have taken over the investigation," he added. In February, a car drove into a demonstration march in Munich. Two of the injured - a woman and her 2-year-old child - later died in hospital.
