logo
Czech government faces no-confidence vote over bitcoin scandal

Czech government faces no-confidence vote over bitcoin scandal

Yahooa day ago

PRAGUE (Reuters) -The main Czech opposition party on Thursday called a no-confidence vote in the government, accusing it of corruption over the acceptance of a payment to the state by an ex-convict worth $45 million in bitcoin.
The vote, scheduled to take place on Tuesday, is likely to fail as the government has a majority in parliament - but it could still dent the ruling centre-right coalition's chances in an October 3-4 election in which it trails the opposition.
Political veteran Pavel Blazek resigned as justice minister on May 31 for accepting the payment for the state, though he denied doing anything illegal.
Opposition groups including the ANO party led by former prime minister Andrej Babis have called on Prime Minister Petr Fiala to quit and said the payment was evidence of corruption.
"We have no choice," ANO vice-chair Alena Schillerova said on X after filing the no-confidence motion.
The man who made the donation of 468 bitcoins to the state was in jail from 2017 until 2021 after being convicted of involvement in the drug trade, fraud and illegal possession of weapons.
Blazek has faced criticism for possibly legitimising the ex-convict's assets, instead of turning to prosecutors or police to help secure them.
Opinion polls show Babis's ANO party with a clear lead over the main group in the government coalition led by Fiala's ODS party.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China solar industry to address overcapacity challenge but turnaround far off, experts say
China solar industry to address overcapacity challenge but turnaround far off, experts say

Yahoo

time28 minutes ago

  • Yahoo

China solar industry to address overcapacity challenge but turnaround far off, experts say

By Colleen Howe SHANGHAI (Reuters) -Solar manufacturing company heads in China, grappling with losses and tariffs on exports to the U.S., called for an end to a price war and a solution to overcapacity in the sector, but industry participants predict a slow turnaround. China's solar manufacturers have reported losses this year as U.S. President Donald Trump's trade war put further pressure on demand within the industry. Losses in the photovoltaic manufacturing value chain reached $40 billion last year, while for the industry as a whole - including firms' other business lines - totalled $60 billion, Trina Solar Chairman Gao Jifan said. The Chinese government and industry were working to address the overcapacity and breakneck competition that have pushed most major producers into the red, Gao told the SNEC PV+ Photovoltaic Power Conference and Exhibition in Shanghai this week. The National Development and Reform Commission (NDRC), China's state planner, held an online meeting in February calling for a ban on new production, Gao said, but new capacity has nevertheless been built in recent months. NDRC did not immediately respond to a faxed question on the matter. Zhu Gongshan, chairman of polysilicon and module producer GCL, called for a "clear out" of the sector through mergers and a paring back of production capacity. China was also moving away from reliance on a single market, Zhu said, referring to growth in new markets outside China in response to tariffs and other trade barriers. Chinese manufacturers have been rapidly expanding in the Middle East, and a module-producing firm said demand is set to grow in eastern Europe and South Asia. Solar manufacturing makes up less than two-thirds of Trina's business now and will fall to 50% or less in the next two to three years, Gao said, with a greater focus on product solutions and energy storage. Several experts told Reuters during this week's industry event that there is no hope for recovery in solar component prices this year. One procurement manager at a module producer in eastern China said two or three large factories would have to stop production for supply and demand to rebalance and support prices, unlikely in the near future. "The overcapacity issue is so deep one cannot see to the bottom," another module producer, using a Chinese proverb. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

China says Taiwan politicising cable damage issue, after ship's captain jailed
China says Taiwan politicising cable damage issue, after ship's captain jailed

Yahoo

time35 minutes ago

  • Yahoo

China says Taiwan politicising cable damage issue, after ship's captain jailed

BEIJING (Reuters) -China's government on Friday said Taiwan was deliberately politicising the damage of undersea communication cables as part of a smear campaign, expressing anger after the island jailed a Chinese ship captain for an incident earlier this year. A Taiwanese court on Thursday sentenced the captain of the Togo-flagged ship to three years in jail after finding him guilty of intentionally damaging undersea cables off the island in February, in an incident that alarmed Taiwan officials. In a statement, China's Taiwan Affairs Office said that damage to maritime cables were "common accidents", saying Taiwan was hyping up the issue for political purposes. "The aim is to attack and smear the mainland, to stir up confrontation and antagonism across the Taiwan Strait," it said. "We express firm opposition to the Democratic Progressive Party authorities' manipulation of the legal system to pressure the mainland ship's captain, and demand they end the political manipulation of accidents," the office added, referring to Taiwan's ruling party. The captain's legal rights should be guaranteed, it added. Taiwan, which China claims as its own territory, has reported five cases of sea cable malfunctions this year, compared with three each in 2024 and 2023, according to its digital ministry.

Israel shuts global embassies after attack on Iran
Israel shuts global embassies after attack on Iran

Yahoo

time35 minutes ago

  • Yahoo

Israel shuts global embassies after attack on Iran

COPENHAGEN/LONDON (Reuters) -Israel is shutting its embassies around the world and has urged citizens to stay alert and not display Jewish or Israeli symbols in public places, statements posted on embassy websites said on Friday after Israel launched large-scale attacks on Iran. The statements said Israel would not be providing consular services and urged citizens to cooperate with local security services if faced with hostile activity. No timeframe was given for how long the embassies would be closed. A person picking up the phone at the embassy in Berlin gave no further details. "In light of recent developments, Israeli missions around the world will be closed and consular services will not be provided," the statement said. German Chancellor Friedrich Merz, who spoke with Israeli Prime Minister Benjamin Netanyahu on Friday, said Germany was stepping up protection of Jewish and Israeli sites. Visible security was increased outside the Great Synagogue of Stockholm, with a police van and car parked near the building, a Reuters witness said. Earlier, Israel said it had attacked nuclear facilities and missile factories in Iran and had killed a swathe of military commanders in what could be a prolonged operation to prevent Tehran building an atomic weapon. U.S. President Donald Trump suggested that Iran had brought the attack on itself by resisting U.S. demands in talks to restrict its nuclear programme, and urged it to make a deal, "with the next already planned attacks being even more brutal".

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store