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Russia-Ukraine live news: Hungary slams EU’s Russian oil ban move

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  Russia says Poland might be a ‘source of threat’ Kremlin spokesperson Dmitry Peskov has slammed Poland for what he called its hostile rhetoric, saying that Warsaw could be “a source of threat.” Poland has urged the EU to tighten sanctions on Moscow and called for NATO to arm Ukraine in its fight against Russian forces that have poured into its eastern parts. To know more:  https://www.aljazeera.com/news/2022/5/5/un-chief-warns-of-limitless-harm-from-ukraine-war-liveblog

Young Sri Lankan protesters turn to books as ‘weapons’ of change

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  COLOMBO: As mass anti-government demonstrations continue across Sri Lanka, young people have set up a library at the main protest site, in hopes of spurring defiance through reading. To know more:  https://www.arabnews.com/node/2076261/world

‘Scam’ in HC complex construction — why Nagaland CM’s ‘right hand men’ were summoned by ED

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  Guwahati:  Five “associates” of Nagaland Chief Minister Neiphiu Rio, who were called for questioning by the Enforcement Directorate (ED) earlier this year, were summoned in relation to the Nagaland High Court building scam, ThePrint has learnt. Kuovisieo Rio, Dsesevi Pielie, Vibeilietuo Kets, Mengutuo Rio and Mhalelie Rio had received ED summons in February under the Prevention of Money Laundering Act (PMLA), 2002. To know more:  https://theprint.in/india/scam-in-hc-complex-construction-why-nagaland-cms-right-hand-men-were-summoned-by-ed/942315/

Mikati urges Lebanese expats to have their voices heard in elections

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  BEIRUT: Prime Minister Najib Mikati has urged expats to vote in the upcoming parliamentary elections to ensure their voices are heard and they can achieve the changes they want. Mikati’s appeal came as he inaugurated the operations room for managing and monitoring parliamentary elections abroad. “It is a key moment during this round of elections,” he said. The parliamentary elections, which will be held on May 6 and 8 abroad, and on May 15 at home, are the first since the economic collapse began in late 2019. To know more:  https://www.arabnews.com/node/2076271/middle-east

US Senate committee passes antitrust bill pressuring OPEC

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  WASHINGTON: A US Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices. The  No Oil Producing or Exporting Cartels (NOPEC)  bill sponsored by senators, including Republican Chuck Grassley and Democrat Amy Klobuchar, passed 17-4 in the Senate Judiciary Committee. White House spokesperson Jen Psaki said the administration has concerns about the “potential implications and unintended consequences” of the legislation, particularly amid the Ukraine crisis. She said the White House is still studying the bill. Versions of the legislation have failed in Congress for more than two decades. But lawmakers are increasingly worried about rising inflation driven in part by prices for US gasoline, which briefly hit a record above $4.30 a gallon this spring. “I believe that free and competitive markets are better for consumers than markets controlled by a car...

Flexibility at the core of expanding private credit market in India - Shyam Maheshwari SSG explains

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  SSG Capital co-founder Shyam Maheshwari Shyam Maheshwari SSG is a Founder and Partner at ARES SSG. He is also an Associate Member at The Institute of Chartered Accountants of India and on the board of various companies. He has 17 years of experience in the deal sourcing, analysis and investing industry. According to Shyam Maheshwari SSG, flexibility is at the core of expanding private credit market in India. Shyam Maheshwari is a Founder and Partner at ARES SSG. He is also an Associate Member at The Institute of Chartered Accountants of India and on the board of various companies. Previously, Mr. Maheshwari served as a Senior Member of the Lehman Brothers Asia Special Situations Group primarily responsible for making principal investments in India, where he oversaw the efforts to build the India business and initiated pan-Asian ventures in mining and power assets with a focus on Indonesia. He has 17 years of experience in the deal sourcing, analysis and investing industry. Globa...

Italy’s energy giant Eni moves to open Russian ruble account for gas as EU warns firm

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  Italian energy giant Eni SpA is preparing to open ruble accounts at Gazprombank JSC, allowing it to potentially comply with Russian demands that gas must be paid for in local currency, according to people familiar with the matter. The move is precautionary as Eni seeks more guidance from the Italian government and European authorities on whether – and under what conditions – it may use the accounts to buy Russian gas, the people said. To know more  :  https://english.alarabiya.net/business/energy/2022/04/28/Italy-s-energy-giant-Eni-moves-to-open-Russian-ruble-account-for-gas-as-EU-warns-firm