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Carolyn Cohn and Kirstin Ridley (Reuters) (The Jakarta Post) PREMIUM London   ● Wed, June 29 2022 The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in the United Kingdom, adding to a shortage of supply that has helped drive up house prices in prime locations, real estate sources say. Russian oligarchs, Middle Eastern oil barons and billionaire Chinese entrepreneurs have been on a spending spree on London real estate over the past three decades, snapping up trophy homes and high-end commercial property. But the 4-month-old invasion of Ukraine, which Russia calls a special military operation, has prompted the UK to slap sanctions on more than 1,100 Russians it says have ties to the Kremlin, spreading unease and freezing house sales in so-called Londongrad, agents say. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital … [Read more...] about Boost for luxury London real estate prices as Russians locked in

Share to Twitter Share to Linkedin Topline The death toll from Russia’s missile strike on a shopping mall in central Ukraine on Monday rose to 18 as rescuers continued to search for dozens of missing individuals on Tuesday after the deadly attack on a civilian site drew a wave of condemnation from both Ukrainian and Western officials. Key Facts Dmytro Lunin, the governor of the Poltava region where the attack took place, confirmed the death toll on Telegram and added that 36 people were missing. In a Facebook post , Ukraine’s State Emergency Service reported that 59 people were injured in the attack, 25 of whom remain in critical condition. In his daily address on Monday night, Ukrainian President Volodymyr Zelensky labeled the Russian strike “one of the most defiant terrorist attacks in European history.” Zelensky said he has appealed to the United States to label Russia a state sponsor of terrorism following this incident and … [Read more...] about At Least 18 Dead After Russian Strike On Ukrainian Mall Decried By Zelensky As ‘Terrorist Attack’

Bloomberg filepix for illustration purpose only - A + A WASHINGTON (June 28): The Biden administration said on Tuesday that it has added 36 companies to a trade blacklist, accusing five firms in China of supporting Russia’s military and defense industrial base, following Moscow's invasion of Ukraine. Targets also include companies from Russia, UAE, Lithuania, Pakistan, Singapore the United Kingdom, Uzbekistan and Vietnam, according to the Federal Register entry. “Today’s action sends a powerful message to entities and individuals across the globe that if they seek to support Russia, the United States will cut them off as well," Under Secretary of Commerce for Industry and Security Alan Estevez said in a statement, following the listing. The United States has joined with allies to punish Russian President Vladimir Putin for his Feb 24 invasion of Ukraine by sanctioning a raft of Russian companies and oligarchs and adding others to a trade blacklist. Moscow has … [Read more...] about US accuses five firms in China of supporting Russia’s military

The majority of international visitors to Phuket since the beginning of 2022 came from India, but half of the hotels on the island remain closed as they wait for the high season to begin. Even if the number of arrivals doubled by the end of the year, Phuket’s tourist numbers are still falling well short of pre-Covid levels. Between May and June, there were around 52,000 Indian travellers in Phuket, followed by Singaporeans, just under 20,000 travellers during the same time. With direct flights from Thai Smile Airways, Go First Airlines and Indigo Airlines linking Phuket with major cities like New Delhi, Kolkata, Bangalore and Mumbai, the prospect for the Indian market next month still looks promising. The hospitality industry in Phuket is slowly, very slowly, gaining momentum since the beginning of 2022, with the Thai Hotels Association 40% of available hotel rooms booked in May. Most of the visitors are from India, Singapore, Australia and the United Kingdom, according to the … [Read more...] about Majority of international travel to Phuket is from India

- A + A KUALA LUMPUR (28 June): The Malaysian Bar, who is objecting to Datuk Seri Najib Razak's bid to hire a lawyer from the United Kingdom for his final appeal in the SRC International corruption case, has said that the former prime minister's current lawyer Tan Sri Muhammad Shafee Abdullah is more experienced and qualified to lead the appeal. In an affidavit against Najib's bid to appoint Queen's Counsel (QC) Jonathan Laidlaw to handle his appeal at the Federal Court, Bar Council secretary Anand Raj said that there are 21,659 advocates and solicitors in Malaysia who are in valid possession of a "Sijil Annual and Practicing Certificate". "Local advocates and solicitors have the requisite expertise and experience in the various aspects of the law and jurisprudence in respect of the appeal and any other cause or matter related thereto," he said. Anand said that Laidlaw does not have the experience of practising in the country's local courts and he would need to … [Read more...] about Malaysian Bar: Shafee more qualified than Queen’s Counsel to lead Najib’s SRC appeal

Share to Twitter Share to Linkedin Topline Russia on Monday struck a mall in central Ukraine that had more than 1,000 people inside, Ukrainian President Volodymr Zelensky said , sharing a video that appeared to show massive fires at the shopping center, as G-7 leaders are gathered to discuss future plans to punish Russia for its invasion of Ukraine. Key Facts At least 10 people died, while more than 40 were injured in the rocket strike in Kremenchuk, a city of roughly 215,000, Dmytro Lunin, the regional governor, wrote on Facebook . In a post on Telegram, Zelensky said the number of victims is “impossible to imagine,” adding rescuers were attempting to put out the fires. The mall was of “no strategic value” to the Russian army and only concerned people trying to “live a normal life,” Zelensky said. Key Background The rocket strike comes after Russia carried out a host of attacks across Ukraine, including in the capital of … [Read more...] about Russia Strikes Central Ukraine Mall With More Than 1,000 People Inside, Zelensky Says

Selena Li, Kane Wu and Julie Zhu (Reuters) (The Jakarta Post) PREMIUM Hong Kong, China   ● Wed, June 29 2022 In 1997, the world watched as the United Kingdom returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status as a financial hub, and some of the city's top executives are banking on a bright future as the territory remains a crucial springboard for investment into mainland China. Charles Li, former chief executive of bourse operator Hong Kong Exchanges and Clearing (HKEX) and founder of microfinance platform Micro Connect, said that although he believes the next 25 years will be "very different", he is optimistic. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions … [Read more...] about HK’s top finance executives bank on city to thrive

Indian Premier League (IPL) founder Lalit Modi at a sports management conference in London, United Kingdom, in 2010. (Image: Action Images/Jed Leicester via Reuters) Earlier this week, media rights for the 2023-27 cycle of the Indian Premier league (IPL) – television and digital rights combined – were sold at an astounding Rs 48,390 crore , nearly triple what the Board of Control for Cricket in India  (BCCI) got for them in the 2018-22 cycle. The five seasons will amount to 370 matches, which means the BCCI will earn INR 49.6 lakh per ball – and that is just from broadcasting. One can see why channels pay such exorbitant amounts to cover the IPL. A league-stage clash (not a playoffs match) between the Mumbai Indians and Chennai Super Kings in 2021 was watched by 367 million. The 2019 World Cup final – the most high-profile international match – attracted a mere 167 million, while the Boxing Day Test match of the 2021/22 Ashes was watched by a mere 440,000. The numbers … [Read more...] about Lalit Modi’s enduring legacy: IPL, and cricket’s changing economy