Latest news with #Russian-Ukraine
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
Asian shares slide, oil prices climb higher
Agencies Asian shares sank on Monday and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty. Hong Kong's Hang Seng plunged more than 2 percent as Beijing and Washington traded harsh words over trade. US President Donald Trump's announcement that he will double tariffs on steel and aluminum to 50 percent layered on still more worries for investors. China blasted the US for issuing AI chip export control guidelines, stopping the sale of chip design software to China, and planning to revoke Chinese student visas. A report over the weekend that China's factory activity contracted in May, although the decline slowed from April as the country reached a deal with the US to slash President Donald Trump's sky-high tariffs, further undermined market sentiment. Markets in mainland China were closed for a holiday. Oil prices rallied after OPEC+ decided on a modest increase in output beginning in July. It was the third monthly increase in a row. US benchmark crude oil gained $1.80 to $62.59 per barrel, while Brent crude, the international standard, was up $1.60 at $64.38 per barrel. Moscow pounded Ukraine with missiles and drones just hours before a new round of direct peace talks in Istanbul and a Ukrainian drone attack destroyed more than 40 Russian planes deep in Russia's territory, Ukraine's Security Service said on Sunday. Hong Kong's Hang Seng dropped 1.4 percent to 22,969.03 as China and the US accused each other of breaching their tariff agreement reached in Geneva last month. Tokyo's Nikkei 225 lost 1.3 percent to 37,470.67, while the Kospi in Seoul added 0.1 percent to 2,698.97. Australia's S&P/ASX 200 retreated 0.2 percent to 8,414.10. India's Sensex lost 0.4 percent while the Taiex in Taiwan fell 1.6 percent . On Friday, Wall Street closed its best month since 2023.
Hans India
2 days ago
- Business
- Hans India
Renewed global trade concerns drag benchmark indices lower
Mumbai: Benchmark equity indices Sensex and Nifty on Monday ended marginally lower, following sluggish trends in global markets amid renewed global trade concerns. Besides, the Russian-Ukraine conflict, sharp jump in Brent crude oil prices and foreign fund outflows dented investors' sentiment, experts noted. After tumbling 796.75 points or 0.97 per cent to 80,654.26 in intra-day trade, the 30-share BSE Sensex witnessed volatile trends and later ended 77.26 points or 0.09 per cent lower at 81,373.75. The NSE Nifty dipped 34.10 points or 0.14 per cent to settle at 24,716.60. During the day, it dropped 224.55 points or 0.90 per cent to 24,526.15. 'Benchmark indices closed lower with marginal losses in a volatile start to June. Markets started the week on a cautious, range-bound note, with Nifty-50 sharply lower at open on fresh trade tensions after the US announced the doubling of steel and aluminium tariffs to 50 per cent. Despite positive domestic cues after surprisingly strong GDP growth in the January-March 2025 quarter, markets were dragged lower in the morning on worsening global headlines ranging from trade to war. 'US and China traded barbs with each other over the weekend while Russia Ukraine conflict worsened after drone attacks. Markets soon staged a strong recovery erasing the sharp morning losses, as investors look forward to RBI meet and widely expected rate cut,' Satish Chandra Aluri, Analyst, Lemonn Markets Desk, said. From the Sensex firms, Tech Mahindra, Tata Steel, Tata Motors, Titan, HDFC Bank, IndusInd Bank, Infosys and Kotak Mahindra Bank were among the biggest laggards. On the other hand, Adani Ports, Mahindra & Mahindra, Power Grid, Eternal and Hindustan Unilever were among the gainers. The BSE midcap gauge jumped 0.58 per cent and smallcap index went up by 0.36 per cent. Among sectoral indices, BSE Focused IT dropped 0.70 per cent, metal (0.58 per cent), teck (0.45 per cent), consumer durables (0.40 per cent), commodities (0.18 per cent) and oil & gas (0.13 per cent). Realty surged 2.38 per cent, services (1.20 per cent), FMCG (0.65 per cent), utilities (0.57 per cent) and power (0.35 per cent). Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,449.74 crore on Friday, according to exchange data. US President Donald Trump on Friday said he would double tariffs on steel and aluminium to 50 per cent.
Yahoo
2 days ago
- Business
- Yahoo
CNN reporter Alex Marquardt exits after network lost $5M defamation case against Navy veteran
A CNN correspondent at the center of a nefarious report that cost the network at least $5 million for defaming a US Navy veteran is leaving the struggling network. Chief national security correspondent Alex Marquardt landed in hot water earlier this year after a Florida jury ruled that he defamed Zachary Young in 2021 by claiming the former soldier illegally exploited Afghans during the Biden administration's disastrous withdrawal from the country. Sources told former CNN media correspondent Oliver Darcy that Marquardt was fired — citing 'editorial differences' with his higher-ups at the network. Marquardt — who worked at CNN for eight years and recently spearheaded its coverage of the Russian-Ukraine war — did not mention the legal debacle or the reason for his exit in announcing the departure Monday. 'Tough to say goodbye but it's been an honor to work among the very best in the business,' Marquardt wrote in a post on X. 'Profound thank you to my comrades on the National Security team & the phenomenal teammates I've worked with in the US and abroad.' CNN declined to comment. In January, a Florida jury awarded Young $5 million after deliberating less than nine hours following a two-week trial in Panama City state court. An undisclosed settlement was reached to resolve the matter before jurors calculated punitive damages, which could've added millions more to the total award. The verdict added fuel to President Trump's fiery criticism that CNN is biased. During the trial, it was revealed that the ratings-challenged network ignored evidence that countered its narrative. In a damning message to a CNN colleague, Marquardt wrote that CNN is going to 'nail this Zach Young motherf—er,' according to court records. A producer said that the plaintiff had a 'punchable face.' The segment, which aired on Jake Tapper's program 'The Lead,' described the US government's evacuation of citizens. It went on to say Afghans 'trying to get out of the country face a black market full of promises, demand of exorbitant fees, and no guarantee of safety or success.' The segment then turned to Marquardt, who described the situation of a man located in the US whose family remained in Afghanistan and said that he found people on Facebook charging $10,000 per person to be evacuated. Marquardt stated, 'according to Afghans and activists we've spoken with, desperate Afghans are now being exploited' because of the 'exorbitant' and 'impossible' amounts charged, pointing to a LinkedIn post from Young advertising his services and texts between him and people inquiring about his business. CNN stood by Marquardt after the verdict. 'We remain proud of our journalists and are 100% committed to strong, fearless and fair-minded reporting at CNN, though we will of course take what useful lessons we can from this case,' the network said at the time. Marquardt previously worked as a foreign correspondent for ABC News based in Moscow, Jerusalem, Beirut and London. He has won multiple honors, including Emmy and Edward R. Murrow awards for an undercover investigation of underage sex trafficking in the Philippines.
New York Post
3 days ago
- Politics
- New York Post
CNN reporter Alex Marquardt exits after network lost $5M defamation case against Navy veteran
A CNN correspondent at the center of a nefarious report that cost the network at least $5 million for defaming a US Navy veteran is leaving the struggling network. Chief national security correspondent Alex Marquardt landed in hot water earlier this year after a Florida jury ruled that he defamed Zachary Young in 2021 by claiming the former soldier illegally exploited Afghans during the Biden administration's disastrous withdrawal from the country. Sources told former CNN media correspondent Oliver Darcy that Marquardt was fired — citing 'editorial differences' with his higher-ups at the network. Marquardt — who worked at CNN for eight years and recently spearheaded its coverage of the Russian-Ukraine war — did not mention the legal debacle or the reason for his exit in announcing the departure Monday. 5 CNN chief national security correspondent Alex Marquardt said he is leaving the network after 8 years. Jeremy Freeman/CNN 'Tough to say goodbye but it's been an honor to work among the very best in the business,' Marquardt wrote in a post on X. 'Profound thank you to my comrades on the National Security team & the phenomenal teammates I've worked with in the US and abroad.' CNN declined to comment. In January, a Florida jury awarded Young $5 million after deliberating less than nine hours following a two-week trial in Panama City state court. An undisclosed settlement was reached to resolve the matter before jurors calculated punitive damages, which could've added millions more to the total award. The verdict added fuel to President Trump's fiery criticism that CNN is biased. During the trial, it was revealed that the ratings-challenged network ignored evidence that countered its narrative. In a damning message to a CNN colleague, Marquardt wrote that CNN is going to 'nail this Zach Young motherf—er,' according to court records. A producer said that the plaintiff had a 'punchable face.' 5 Marquardt landed in hot water earlier this year after his 2021 report, which defamed Navy vet Zachary Young over claims he illegally exploited Afghans. CNN 5 An undated picture of US Navy veteran Young. FOX News The segment, which aired on Jake Tapper's program 'The Lead,' described the US government's evacuation of citizens. It went on to say Afghans 'trying to get out of the country face a black market full of promises, demand of exorbitant fees, and no guarantee of safety or success.' The segment then turned to Marquardt, who described the situation of a man located in the US whose family remained in Afghanistan and said that he found people on Facebook charging $10,000 per person to be evacuated. 5 Marquardt's report cost CNN at least $5 million. CNN Marquardt stated, 'according to Afghans and activists we've spoken with, desperate Afghans are now being exploited' because of the 'exorbitant' and 'impossible' amounts charged, pointing to a LinkedIn post from Young advertising his services and texts between him and people inquiring about his business. CNN stood by Marquardt after the verdict. 'We remain proud of our journalists and are 100% committed to strong, fearless and fair-minded reporting at CNN, though we will of course take what useful lessons we can from this case,' the network said at the time. Marquardt previously worked as a foreign correspondent for ABC News based in Moscow, Jerusalem, Beirut and London. He has won multiple honors, including Emmy and Edward R. Murrow awards for an undercover investigation of underage sex trafficking in the Philippines.
Yahoo
3 days ago
- General
- Yahoo
Bannon: Graham should be arrested if he keeps ‘stirring it up' in Ukraine
MAGA insider and former Trump White House chief strategist Steve Bannon said Monday that Sen. Lindsey Graham (R-S.C.), one of Kyiv's strongest backers in Congress, should be 'arrested' if he doesn't stop traveling overseas and 'stirring it up' in Ukraine. Bannon expressed his frustration over Ukraine's stunning drone attack on Russia's strategic bombing fleet, which destroyed 40 aircraft deep inside Russian territory, giving Ukrainian forces a potential morale boost. Bannon said the White House should condemn the military strike and crack down on Graham's diplomacy. The senator applauded Ukraine's resourcefulness in pulling off a successful attack Sunday. 'The White House has to condemn this immediately and pull all support and tell Lindsey Graham to come home or we are going to put you under arrest when you come home. You're stirring it up,' Bannon said Monday on his 'War Room' podcast. He accused Graham, who met with Ukrainian President Volodymyr Zelensky on Friday, of working behind President Trump's back. 'Lindsey Graham's over there saying, 'Hey, forget Trump. I got the House and the Senate. We're going to pass it. You're going to see something in a couple of days,'' Bannon said, referring to legislation Graham has sponsored to sanction Russia and countries that buy its products. 'He's stirring it up over there,' he said. Graham's praise for Ukraine's attacks Sunday called the country 'ever-resourceful.' 'The ever-resourceful Ukraine used creative drone warfare tactics to successfully attack Russian bombers and military assets used to kill Ukrainian citizens and destroy their country,' he posted on the social platform X. Ukraine struck deeply into Russia, hitting targets in the regions of Irkutsk and Amur, thousands of miles from the Russian-Ukraine border. The country's security services reportedly smuggled the drones into Russia on 18-wheelers, which were remotely opened near military bases. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
