US and allies to send armoured vehicles to Ukraine for its war against Russia

News Network

January 6, 2023

The United States its allies - Germany and France – have decided to supply armored fighting vehicles to Ukraine for its war with Russia.

In a joint statement, following a call between US President Joe Biden and German Chancellor Olaf Scholz, the United States said it would provide Ukraine with 50 Bradley Fighting Vehicles, a tracked armored combat vehicle that carries a powerful turret-mounted machine gun, while Germany would provide Marder Infantry Fighting Vehicles.

The statement added that both countries agreed to run training courses for the Ukrainian forces on how to use the military vehicles.

Germany also said it would provide Ukraine with a Patriot air defense battery, bringing Kiev’s number of Patriots to two after the White House announced the move last month, according to the Thursday statement.

Earlier, French President Emmanuel Macron told Ukrainian President Volodymyr Zelensky Paris would send Ukraine French-made light AMX-10 RC armored combat vehicles, a highly mobile wheeled armored combat vehicle that carries a turret-mounted GIAT 105mm gun.

So far, Ukraine's demand for western main combat tanks, including US-made Abrams tanks and German Leopard tanks, has been rejected by western leaders despite Kiev’s protests.

“There is no rational reason why Ukraine has not yet been supplied with Western tanks,” Zelensky complained on Wednesday.

"We must put an end to the Russian aggression this year," he said, adding "modern Western armored vehicles and Western-type tanks" are what Ukraine needs.

In a statement posted on Telegram, Zelensky said he and Macron had "agreed on further cooperation to significantly strengthen our air defense and other defense capabilities."

Macron, last year, provided Ukraine with Caesar howitzers.

The US has already provided Ukraine with more than 2,000 combat vehicles, including 477 Mine Resistant Ambush Protected Vehicles and more than 1,200 Humvees.

The Bradley Infantry Fighting Vehicles are part of an overall military package to be announced by the Pentagon or US State Dept. on Friday worth $3.8 billion, according to a person familiar with the matter, who requested anonymity to speak ahead of the official announcement.

The package sets aside $2.25 billion for Ukraine, which will also include 155mm artillery shells. Another $682 million in military financing will go to Eastern European countries as a loan to buy weapons and ammunition made in America by giant arms manufacturers that make up the US military-industrial complex.

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BJP indeed lured 50 Cong MLAs with Rs 50 crore each: DKS backs Karnataka CM claim

News Network

November 14,2024

Bengaluru: Karnataka Deputy Chief Minister D K Shivakumar on Thursday backed Chief Minister Siddaramaiah over his claim that the BJP had offered Rs 50 crore each to 50 Congress MLAs in an attempt to "topple" the state government.

Addressing reporters here, Shivakumar, also the Congress state president, said, “The BJP indeed lured 50 Congress MLAs with Rs 50 crore each.”

He defended Siddaramaiah’s statement and said the Congress MLAs were briefed about the BJP’s alleged 'Operation Lotus', a term used to describe the BJP's attempts to destabilise ruling governments through horse-trading.

“Some of our MLAs informed the Chief Minister about this matter, and he, in turn, shared it with the media,” Shivakumar said.

At an event in Mysuru, Siddaramaiah reiterated the claim that "none of the Congress MLAs had accepted the offer".

He also accused the BJP of filing false cases against him in a bid to "remove him and overthrow his government".

The BJP has yet to respond to the allegations.

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Adani Group in Crisis: $30 Billion Wiped Out after US Bribery and Fraud Charges Emerge

News Network

November 21,2024

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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