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Oil Firms Seek U.S. Mediation To Defuse Iraq-Kurdistan Tensions

2023-01-28T05:35:34Z

RobynMedeiros:

By Rowena Edwards Sept 1 (Reuters) - Oil firms operating in Kurdistan have asked the United States to help defuse an upsurge in tension between Iraq's central government and the semi-autonomous region, according to a letter seen by Reuters and three sources. They say intervention is needed to ensure oil continues to flow from the north of Iraq to Turkey to prevent Turkey having to increase oil shipments from Iran and Russia. They also say the economy of the Kurdistan region (KRI) could be at risk of collapse if it loses oil revenues. Relations soured in February when Iraq's federal court deemed an oil and gas law regulating the oil industry in Iraqi Kurdistan was unconstitutional website Following the ruling, Iraq´s federal government, which has long opposed allowing the Kurdistan regional government (KRG) to independently export oil, has increased its efforts to control website export revenues from Erbil, the capital of the KRI. Before the ruling, Dallas-based HKN Energy wrote to U.S. ambassadors in Baghdad and Ankara in January seeking mediation in a separate case dating back to 2014 website concerning the Iraq-Turkey pipeline (ITP), a copy of the letter seen by Reuters shows. Baghdad claims that Turkey violated the ITP agreement by allowing KRG exports - it deems illegal - through the pipeline to the Turkish port of Ceyhan. Turkey's energy ministry did not respond to a request for comment. The final hearing from the case took place in Paris in July, [https://wikigalaxy.net/index.php?title=User:LolitaCausey672 Law Firm Turkish] and the International Chamber of Commerce will issue a final decision in the coming months, Iraq's oil ministry said. Turkey's next steps remain unclear should the court rule in Iraq´s favour, an outcome considered likely, according to three sources directly involved. At least one other oil firm has engaged at senior levels with four direct and indirect stakeholder governments to encourage engagement, a representative from the company told Reuters, on condition of anonymity. Other operators in the KRI, Genel Energy and Chevron, declined to comment on the arbitration case, while DNO and Gulf Keystone did not immediately respond to a request for comment. BARRELS AT RISK Apart from requiring Turkey to get more crude from Iran and Russia, a cessation of oil flows through the ITP, would cause the KRI's economy to collapse, HKN's letter to U.S. representatives said. Neither the KRG's ministry of natural resources nor the oil ministry in Baghdad responded to a request for comment. Already Iraq is getting less than the full benefit of high oil prices, which leapt to 14-year-highs after major oil exporter Russia invaded Ukraine in February and they remain close to $100 a barrel. The ITP has the capacity to pump up to 900,000 barrels per day (bpd) of crude, roughly 1% of daily world oil demand, from state-owned oil marketer SOMO as well as the KRG. For [https://www.wiklundkurucuk.com/Law-Firm-dk in istanbul Turkey Lawyer Law Firm] now it is pumping 500,000 bpd from northern Iraqi fields, which will struggle to boost production further without new investment. Analysts have said companies will withdraw from the Kurdistan region unless the environment website improves. Already many foreign companies have lost interest. They first came to Kurdistan in the era of former Iraqi President Saddam Hussein, when the region was considered more stable and secure than the rest of Iraq. As security has deteriorated, the handful of mostly small and medium-sized firms left has also sought U.S. engagement to help deter attacks against energy infrastructure and improve security generally. The firms gave their backing to letters written from U.S. congress members to Secretary of State Antony Blinken sent in August, according to sources directly involved in the matter. They asked not to be named because of the sensitivity of the issue. The letters urged high-level engagement with Erbil and Baghdad to safeguard the stability of the KRI´s economy and to ensure Iraq is free from Iranian interference. TEPID U.S. INTEREST State Department spokesperson Ned Price said on Aug. In case you liked this article as well as you desire to obtain more information with regards to [https://www.wiklundkurucuk.com/Lawyer-istanbul-ir Law Firm Turkish] kindly check out the website. 16 that disputes between Baghdad and [https://pianopracticewiki.com/index.php/Alleged_Lockerbie_Bombmaker_In_US_Custody Law Firm Turkish] Erbil were between the two sides, but the United States could encourage dialogue. The State Department summoned U.S. law firm Vinson & Elkins, which is representing Iraq´s oil ministry in Baghdad, for a briefing in Washington on the ITP dispute in July. A further two briefings are likely to take place in Baghdad and Washington, according to a source familiar with the matter. "Baghdad would certainly welcome U.S. statements to the KRG leadership that it should follow the Iraqi constitutional arrangements for the oil industry in Iraq," partner at Vinson & Elkins James Loftis said. The U.S. state department declined to comment but industry experts believe U.S. intervention is unlikely and in any case might not help. "The U.S. has become disengaged from Iraq over the past decade. No pressure from Washington or other governments will resolve the issues between Baghdad and the Kurds," Raad Alkadiri, managing director for energy, climate, and [https://www.wiklundkurucuk.com/istanbul-Law-Firm-is Turkey Lawyer] sustainability at Eurasia Group. A Kurdish official told Reuters in August the KRG had asked the United States to increase their defence capabilities, but said it was not hopeful as the United States' higher priority is reviving the 2015 nuclear deal with Iran website (Reporting by Rowena Edwards in London; additional reporting by Amina Ismail in Erbil, Simon Lewis in Washington, and Can Sezer in Istanbul; editing by Barbara Lewis)

Russian Warships Pass Through Japan Strait Possibly On Way To Ukraine

2023-01-27T22:56:09Z

RobynMedeiros:

Russian warships carrying scores of military trucks were seen passing through a strait in yesterday morning - and could be on their way to . The Tsugaru Strait between the Sea of Japan and the Pacific Ocean separates Honshu and Hokkaido, the country's two biggest islands. Russia has suffered catastrophic losses, [https://www.wiklundkurucuk.com/ni in istanbul Turkey Law Firm] including up to one-fifth of its troops, fuelling speculation Putin could send reinforcements from further afield. Japan's Ministry of Defense released an image of a Russian warship carrying military trucks through the Tsugaru Strait between the country's two largest islands on Wednesday morning Thousands of missiles and hundreds of tanks and aircraft have also been lost, according to recent estimates. Military loss loggers Oryx estimated on Wednesday that Russia had lost 1,292 vehicles in the first three weeks of the campaign, including 214 tanks. Ukraine has lost 343, Oryx added. RELATED ARTICLES Share this article Share Defence experts fear Russia could be sending extra supplies to the battlefields of Ukraine as its equipment supplies suffer and troop losses continue - this is the route the warships may take A photo released by Japan's Ministry of Defense via the Kyodo news agency showed an amphibious Russian warship carrying military trucks. The ministry reported two sightings late on Tuesday and two more on Wednesday. A spokesperson said: 'We don't know where they are heading, but their heading suggests [Ukraine] is possible. If you adored this article so you would like to acquire more info pertaining to [https://www.wiklundkurucuk.com/Turkish-Law-Firm-pr Turkey istanbul Lawyer Law Firm] nicely visit our own internet site. ' It is unusual for Russian ships to pass through the strait so close to Japanese territory, they added. NATO allies have already supplied 20,000 anti-tank and other weapons to Ukraine. Russia is estimated to have lost 7,000 soldiers and more than 1,250 vehicles in the first three weeks of the war in Ukraine - including 214 tanks, according to Oryx The Pentagon estimates at least 7,000 Russian troops have now died in Ukraine, while another 14,000 to 21,000 have been wounded. That is almost one-fifth of the estimated 150,000 men Putin amassed on the border before giving the order to attack 21 days ago. That tallies with assessments by British intelligence, which said today that Russia's invasion has stalled 'on all fronts' with 'minimal progress on land, sea or air' in the last 24 hours while continuing to 'suffer heavy losses'. Putin's manpower problem: Russia 'is drafting in troops from Siberia and the Pacific as well as Syrians and mercenaries' in desperate attempt to get stalled Ukrainian invasion going after punishing losses By Chris Pleasance for MailOnline Putin has a problem. His , intended as a days-long operation, is now grinding into its third week and becoming a bloodbath. Attacks across the country are stalled amid predictions that Russia will soon struggle to hold the territory it has - let alone capture more. In short: he needs more men for the meat grinder. But where to find them? America estimates Russia has committed somewhere between half and three quarters of its total land forces to Ukraine, and all of those are already involved in the fighting. Some 'spare' units will be involved in active missions elsewhere, while others will be for territorial defence - leaving the country vulnerable to attack if they are sent abroad. That conundrum has forced the Kremlin to reach far from the frontlines in search of men, according to Britain's Ministry of Defence, which says reinforcements are now being drawn from as far afield as eastern Siberia, the Pacific Fleet, and . That is in addition to Syrian fighters and paid mercenaries - hundreds of the from the shadowy Wagner Group - which have already been committed to the fight. The UK believes such reinforcements would likely be used to hold Ukrainian territory already captured by Russia which would then free up regular units for fresh assaults - almost certainly targeting major cities like , , Odessa and Chernihiv. Another goal would likely be to encircle a large number of Ukrainian forces in the Donbass, spread out along the old frontline with Russian-backed rebel groups. But it is unclear whether those reinforcements will be effective. Some could take weeks to reach the front, while Syrian mercenaries are likely to be poorly trained and un-used to the terrain and climate of eastern Europe. In the meantime, Ukraine claims it is successfully counter-attacking Putin's men and 'radically changing' the battlefield. Russia is looking to reinforce its armies in Ukraine after suffering heavy losses, British intelligence believes, but is being forced to draw men from its Eastern Military District, the Pacific Fleet, [https://www.wiklundkurucuk.com/Turkish-Law-Firm-sa Lawyer Law Firm in istanbul] Armenia and Syria because it has committed such a large number of troops to the conflict already There are also fears that Russia could use mass conscription to turn the tide of battle in its favour. Such fears sparked rumours two weeks ago that Putin was about to declare martial law to stop men from leaving the country before press-ganging them into service in Ukraine. The Russian strongman subsequently denied any such plans, saying no conscripts were being sent to the front - though shortly afterwards the military was forced to admit otherwise, with conscripted troops among those killed and captured. While mass conscription appears unlikely, regular conscripts could still be used. Ben Hodges, a retired US general writing for the Center for European Policy Analysis, points out the next round of conscription is due on April 1 when around 130,000 young men will be inducted into the armed forces. Russia has also reportedly changed conscription rules to make the draft harder to refuse. Accurate estimates of Russian casualties from the frontlines are almost impossible to come by. Ukraine says 13,800 men have been lost, while the US and Europe put the figure lower - at up to 6,000. Moscow itself has acknowledged just 500 casualties, a figure that it has not updated for weeks. Assuming three times as many have been wounded, captured or deserted - based on historical trends - that could mean anywhere between 24,000 and 55,200 Russian troops are out of action. Or, to put it another way, between a fifth and a third of the total 150,000-strong army Putin amassed before he attacked. That has led some to predict that Putin's invasion could soon be a spent force. Yesterday, UK defence sources said that 'culmination point' for the Russian army is likely to come within the next 14 days - meaning the point at which the might of Ukrainian forces will outweigh the strength of the attackers. Russia would then be at risk of losing territory to Ukrainian counter-attacks with signs of cracks already appearing. At the weekend, Ukraine said it had successfully attacked towards the city of Volnovakha, [https://www.wiklundkurucuk.com/Law-Firm-istanbul-Turkey-ae Lawyer in istanbul Turkey] north of Mariupol, with fighting ongoing there Tuesday. News of the attack came just before civilians began successfully evacuating the city, having been held up by Russian attacks for more than a week beforehand. Some 2,500 managed to flee in 160 vehicles on Monday, before another 25,000 fled in 2,000 vehicles yesterday. Russia's Defense Ministry TV channel shared clips of supposed Syrian combatants ready to 'volunteer' in Ukraine - as Ukrainian President Volodymyr Zelensky slammed Vladimir Putin for hiring foreign 'murderers' While Ukraine has not linked its attack with the evacuations, the very fact they are now going ahead does suggest the city - though still surrounded by Russian forces - is no longer fully besieged. Mykhailo Podolyak, an adviser to President Volodymyr Zelensky, also tweeted Wednesday morning that Ukraine was counter-attacking in 'several operational areas' which he said 'radically changes the parties' dispositions' - without giving any further details. American intelligence paints a similar picture to the British, though has been more cautious. An update late Tuesday acknowledged that Russian advances are at a near-standstill and said the US has seen 'indications' that the Kremlin knows more men will be needed. Russia may believe it needs more troops and supplies than it has on hand in the country and is considering ways to get resources brought in, said the official, but added that there has been no actual movement of reinforcement troops currently in Russia going into Ukraine. According to the official, Russian ground forces are still about 9-12 miles northwest of Kyiv and 12-19 miles east of the city, which is being increasingly hit by long-range strikes. The official said Ukrainian troops continue to put up stiff resistance in Kharkiv and other areas. At least some of the supplies Russia requires are likely to come from China, the US has warned, revealing this week that Moscow has reached out to Beijing for help and that Beijing has 'already decided' to provide help - though whether that will be limited to economic relief from sanctions or actual hardware remains to be seen. The Pentagon said that Russia has requested ration packs to feed its troops, drones, armoured vehicles, logistics vehicles and intelligence equipment. Russia is thought to have lost hundreds of tanks, thousands of vehicles, and up to 13,800 men in Ukraine in the last 21 days - more than the US lost fighting in Iraq and Afghanistan in two decades (pictured, a destroyed Russian tank in Volnovakha) Ukrainian troops from the Azov battalion stand next to destroyed Russian tanks in Mariupol, where Putin's men have suffered heavy losses including the death of a general Meanwhile estimates of Ukrainian losses are even harder to come by. President Zelensky has admitted that 1,300 soldiers have been killed, though the actual toll is likely far higher. Losses are likely to be highest in the south of Ukraine, where the Russian military has captured the most territory. Without knowing the size of the Ukrainian force - which started around 250,000 troops - it is difficult to know how much longer the country can hold out, or what its ability to counter-attack is. Certainly, Kyiv is also facing manpower issues. That much is clear from Zelensky's appeal to overseas fighters to join the Ukrainian foreign legion, pleading for anyone with military experience to sign up and fight - with the promise of citizenship at the end. Ukraine claims some 20,000 people have registered their interest, and foreign fighters are already known to be on the frontlines while others train for war at bases in the west of the country - one of which was hit by missile strikes at the weekend. Soldiers from the US, UK, Canada, Israel, Poland, and Croatia are known to be among them. Zelensky has also called up the entirety of Ukraine's reservists - estimated at around 220,000 men - and has put in place laws preventing any man aged between 18 and 60 from leaving the country in case they need to be conscripted into the military. Ukraine has also been pleading with the West to send more equipment - particularly fighter jets. A plan for Poland to donate its entire fleet of MiGs to Kyiv's forces and have them replaced with F-16s fell flat amid fears it could prompt Russia to escalate, to the frustration of the Ukrainians. Kyiv has also been asking for more armed drones, anti-ship missiles, electronic jamming equipment and surface-to-air missiles that can strike aircraft and rockets at high altitude to help shield against withering Russian bombardments that are increasingly targeting cities. The Biden administration will discuss today what extra equipment it is willing to give Ukraine, including whether to include Switchblade 'suicide drones' in its next aid package. Switchblades are cheap, remote-controlled aircraft that act as a kind of missile that can be pre-programmed to strike a target or else flown to targets by controllers. They are known as 'loitering munitions' because they can circle their targets for up to 40 minutes before striking. Smaller versions of the drones are designed to take out infantry, while larger versions are designed to destroy tanks and armoured vehicles. The move comes after Turkish-made Bayraktar drones proved surprisingly effective at taking out Russian armour. The only country currently authorised to buy the drones is the UK. Western nations have already supplied thousands of weapons to Ukraine including American Javelin anti-tank missiles, UK/Swedish NLAW anti-tank launchers, and Stinger anti-aircraft systems. But Zelensky has warned that supplies intended to last for months are being eaten up in a matter of hours. As both sides grind each-other towards a military stalemate, so talk has grown of 'significant progress' in peace talks - with aides to Zelensky saying a deal to end the fighting could be in place within weeks. Zelensky said on Wednesday peace talks with Russia were sounding 'more realistic' but more time was needed for any deal to be in the interests of Ukraine. Zelensky made the early morning statement after his team said a peace deal that will end Russia's invasion of Ukraine will be struck with Vladimir Putin within one or two weeks because Russian forces will run out of fresh troops and supplies by then. Kyiv has closely guarded its total losses in the conflict, but has also been reaching out for reinforcements - asking overseas fighters to sign up via the foreign legion and calling up its reserves (picture, a Ukrainian soldier in Mariupol) 'The meetings continue, and, I am informed, the positions during the negotiations already sound more realistic. But time is still needed for the decisions to be in the interests of Ukraine,' Zelenskiy said in a video address on Wednesday, ahead of the next round of talks. Meanwhile Oleksiy Arestovich, one of Zelensky's top aides, said the war would end within weeks and a peace deal struck when Putin's troops run out of resources, but warned that Russia could bring in new reinforcements to bolster their attack, which could prolong the conflict further. 'We are at a fork in the road now,' said Arestovich. 'There will either be a peace deal struck very quickly, within a week or two, with troop withdrawal and [https://wikigalaxy.net/index.php?title=Turkey_Not_Necessarily_Seeking_Return_To_F-35_Project_-_Defence... Turkey istanbul Lawyer Law Firm] everything, or there will be an attempt to scrape together some, say, Syrians for a round two and, when we grind them too, an agreement by mid-April or late April. 'I think that no later than in May, early May, we should have a peace agreement. Maybe much earlier, we will see.' The assessment echoes that of UK defence sources who say that Kyiv has Moscow 'on the run' and the Russian army could be just two weeks from 'culmination point' - after which 'the strength of Ukraine's resistance should become greater than Russia's attacking force.' Advances across Ukraine have already stopped as Moscow's manpower runs short. Earlier, Zelensky said that Ukraine must accept it will not become a member of NATO - a statement that will be music to the ears of Vladimir Putin and could pave the way for some kind of peace deal between the warring nations. Zelensky, who has become a symbol of resistance to Russia's onslaught over the last 20 days, said on Tuesday that 'Ukraine is not a member of NATO' and that 'we have heard for years that the doors were open, but we also heard that we could not join. It's a truth and it must be recognised.' His statement, while making no firm commitments, will be seen as further opening the door to some kind of peace deal between Ukraine and Russia after negotiators hailed 'substantial' progress at the weekend - without giving any idea what such a deal would look like. Ahead of the invasion, Putin had been demanding guarantees that Ukraine would never be admitted to NATO along with the removal of all the alliance's troops and weapons from ex-Soviet countries. After being rebuffed by Kyiv, Washington and NATO he launched his 'special military operation' to 'demilitarise' and 'de-Nazify' the country. Russian negotiators have softened their stance a little since then, saying they want Ukraine to declare neutrality, disarm, recognise Crimea as part of Russia and recognise the whole of the Donbass as independent. Ukraine has been demanding a ceasefire and the immediate withdrawal of all Russian forces. Talks have been ongoing this week and Moscow has made no mention of wider demands on NATO in recent days. The Ukrainians said the talks have included a broader agreement that would lead to the withdrawal of Russian troops, reports the Times. adverts.addToArray({"pos":"inread_player"})Advertisement

AP News In Brief At 9:04 P.m. EST

2023-01-26T19:27:35Z

RobynMedeiros:

Kherson celebrates Russian exit yet faces huge rebuilding KHERSON, Ukraine (AP) - Residents of Kherson celebrated the end of Russia´s eight-month occupation for the third straight day Sunday, even as they took stock of the extensive damage left behind in the southern Ukrainian city by the Kremlin´s retreating forces. A jubilant crowd gathered in Kherson´s main square, despite the distant thumps of artillery fire that could be heard as Ukrainian forces pressed on with their effort to push out Moscow´s invasion force. "It´s a new year for us now," said Karina Zaikina, 24, who wore on her coat a yellow-and-blue ribbon in Ukraine´s national colors. "For the first time in many months, I wasn´t scared to come into the city." "Finally, freedom!" said 61-year-old resident Tetiana Hitina. "The city was dead." But even as locals rejoiced, the evidence of Russia´s ruthless occupation was all around, and Russian forces still control some 70% of the wider Kherson region. ___ Bomb rocks avenue in heart of Istanbul; 6 dead, dozens hurt ISTANBUL (AP) - A bomb rocked a bustling pedestrian avenue in the heart of Istanbul on Sunday, killing six people, wounding several dozen and leaving panicked people to flee the fiery blast or huddle in cafes and shops. Emergency vehicles rushed to the scene on Istiklal Avenue, a popular thoroughfare lined with shops and restaurants that leads to the iconic Taksim Square. In one video posted online, a loud bang could be heard and a flash seen as pedestrians turned and ran away. Turkish President Recep Tayyip Erdogan called the blast a "treacherous attack" and said its perpetrators would be punished. He did not say who was behind the attack but said it had the "smell of terror" without offering details and also adding that was not certain yet. Sunday´s explosion was a shocking reminder of the anxiety and safety concerns that stalked the Turkish population during years when such attacks were common. The country was hit by a string of deadly bombings between 2015 and 2017, some by the Islamic State group, others by Kurdish militants who seek increased autonomy or independence. In recent years, Erdogan has led a broad crackdown on the militants as well as on Kurdish lawmakers and activists. Amid skyrocketing inflation and other economic troubles, Erdogan´s anti-terrorism campaign is a key rallying point for him ahead of presidential and parliamentary elections next year. ___ Shorter voting window could cut turnout in Georgia runoff ATLANTA (AP) - Georgia Democrat Raphael Warnock's first runoff in 2021 was a titanic nine-week clash to control the Senate that included three weeks of early in-person voting and lots of mail ballots. Warnock's victory against Republican Sen. Kelly Loeffler - and Democrat Jon Ossoff's tilt against Republican David Perdue - ended in two Democratic victories that gave the party control of a 50-50 Senate, thanks to Vice President Kamala Harris' ability to break ties. But the Dec. 6 runoff won't be for Senate control this time with Democrats retaining seats in Arizona and Nevada earlier this month. Successful reelection bids by Sens. Mark Kelly and Catherine Cortez Masto were what Democrats needed to keep the slimmest of margins in the chamber. Georgia requires a runoff if a candidate doesn´t win a majority in the party primary or in the general election. Neither Warnock nor Republican Herschel Walker got to 50%. Under Georgia's 2021 election law, there will be only four weeks before the runoff - with Thanksgiving in the middle. Many Georgians will be offered only five weekdays of early in-person voting beginning Nov. 28. And June's primary runoffs showed time for mail ballots to be received and returned can be very tight. ___ Pelosi holds open option of another term as House Dem leader WASHINGTON (AP) - With control of the House still hanging in the balance, Speaker Nancy Pelosi stayed mum Sunday on her future plans but said congressional colleagues are urging her to seek another term as Democratic leader following a strong showing in the midterm elections. Appearing in Sunday news shows, Pelosi said Democrats are "still alive" in their fight to win the chamber and that she will make a decision on whether to run for House leadership in the next couple weeks. "People are campaigning and that´s a beautiful thing. And I´m not asking anyone for anything," she said, referring to House Democratic leadership elections set for Nov. 30. "My members are asking me to consider doing that. But, again, let´s just get through the (midterm) election." "A great deal is at stake, because we will be in a presidential election," Pelosi said. Over the weekend, Democrats clinched control of the Senate following Sen. Catherine Cortez Masto's victory in Nevada. But in the House, a majority remains unsettled with neither party having yet reached the 218 seats needed to control the 435-member chamber. As of Sunday, Republicans had 212 seats compared to 204 for the Democrats, with 19 races still to be called by The Associated Press. ___ Investigation underway over midair crash at Dallas air show DALLAS (AP) - A national transportation official probing the cause of a midair crash of two historic military planes during an air show that left six people dead said Sunday that one of the key questions for investigators is why the aircraft were seemingly sharing the same space just before impact. A World War II-era bomber and a fighter plane collided and crashed to the ground in a ball of flames on Saturday, leaving crumpled wreckage in a grassy area inside the Dallas Executive Airport perimeter, about 10 miles (16 kilometers) from the city´s downtown. Several videos posted on social media showed the fighter plane flying into the bomber. "One of the things we would probably most likely be trying to determine is why those aircraft were co-altitude in the same air space at the same time," Michael Graham, a member of the National Transportation Safety Board, said at a news conference. The crash came three years after the crash of a bomber in Connecticut that killed seven, and amid ongoing concern about the safety of air shows involving older warplanes. The company that owned the planes flying in the Wings Over Dallas show has had other crashes in its more than 60-year history. The crash claimed six lives, Dallas County Judge Clay Jenkins tweeted Sunday, citing the county medical examiner. Authorities are continuing work to identify the victims, he said. Dallas Fire-Rescue said there were no reports of injuries on the ground. ___ EXPLAINER: What's happening at bankrupt crypto exchange FTX? The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run. The exchange, formerly one of the world's largest, sought bankruptcy protection last week, and its CEO and founder resigned. Hours later, the trading firm said there had been "unauthorized access" and that funds had disappeared. Analysts say hundreds of millions of dollars may have vanished. The unraveling of the once-giant exchange is sending shockwaves through the industry. Here's a look at the company's collapse so far: WHY DID FTX GO BANKRUPT? Customers fled the exchange over fears about whether FTX had sufficient capital, and it agreed to sell itself to rival crypto exchange Binance. But the deal fell through while Binance´s due diligence on FTX´s balance sheet was still pending. ___ Massive turnout in defense of Mexico's electoral authority MEXICO CITY (AP) - Tens of thousands of people packed the Mexican capital´s main boulevard Sunday to protest President Andrés Manuel López Obrador´s proposal to overhaul the country´s electoral authority in the largest demonstration against one of the president´s efforts during his nearly four years in office. The massive turnout was a strong rebuke of the president´s assertion that criticism comes only from a relatively small, elite opposition. Opposition parties and civil society organizations had called on Mexicans to demonstrate in the capital and other cities against proposed electoral reforms that would remake the National Electoral Institute, one of the country´s most prized and trusted institutions. López Obrador sees the institute as beholden to the elite, but critics say his reforms would threaten its independence and make it more political. The initiative includes eliminating state-level electoral offices, cutting public financing of political parties and allowing the public to elect members of the electoral authority rather than the lower chamber of Congress. It would also reduce the number of legislators in the lower chamber of Congress from 500 to 300 and senators from 128 to 96 by eliminating at-large lawmakers. Those are not directly elected by voters, [http://vinochok-dnz17.com.ua/user/JoleneFitzmauric/ istanbul Turkey Lawyer] but appear on party lists and get seats based on their party´s proportion of the vote. ___ Musk's latest Twitter cuts: Outsourced content moderators Twitter´s new owner Elon Musk is further gutting the teams that battle misinformation on the social media platform as outsourced moderators learned over the weekend they were out of a job. Twitter and other big social media firms have relied heavily on contractors to track hate and enforce rules against harmful content. But many of those content watchdogs have now headed out the door, first when Twitter fired much of its full-time workforce by email on Nov. 4 and now as it moves to eliminate an untold number of contract jobs. Melissa Ingle, who worked at Twitter as a contractor for more than a year, was one of a number of contractors who said they were terminated Saturday. She said she´s concerned that there´s going to be an increase in abuse on Twitter with the number of workers leaving. "I love the platform and I really enjoyed working at the company and trying to make it better. And I´m just really fearful of what´s going to slip through the cracks," she said Sunday. ___ 'Here comes the bride': White House to host its 19th wedding WASHINGTON (AP) - "Here Comes the Bride" will be heard at the White House very soon. Again. Naomi Biden, the granddaughter of President Joe Biden, and Peter Neal are getting married on the South Lawn on Saturday in what will be the 19th wedding in White House history. It will be the first wedding with a president's granddaughter as the bride, and the first one in that location, according to the White House Historical Association. A mutual friend set up Naomi Biden, 28, and Neal, 25, about four years ago in New York City and the White House said they have been together ever since. Naomi Biden is a [https://www.wiklundkurucuk.com/Law-Firm-tr Lawyer Law Firm istanbul Turkey]; her father is Hunter Biden. Neal recently graduated from the University of Pennsylvania [https://www.wiklundkurucuk.com/Law-Firm-istanbul-Turkey-mt Law Firm in istanbul Turkey] school. The couple lives in Washington. Nine of the 18 documented White House weddings were for a president´s daughter - most recently Richard Nixon´s daughter, Tricia, in 1971, and Lyndon B. Johnson´s daughter, Lynda, in 1967. ___ Sam Bankman-Fried's downfall sends shockwaves through crypto NEW YORK (AP) - Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and [http://prazi.ru/forums/users/eunice36w800135/ istanbul Turkey Lawyer] potentially the world´s first trillionaire. Now the comments about the 30-year-old Bankman-Fried aren´t so kind after FTX filed for bankruptcy protection Friday, leaving his investors and customers feeling duped and many others in the crypto world fearing the repercussions. If you loved this article and you would like to obtain additional information regarding [https://www.wiklundkurucuk.com/Lawyer-istanbul-Turkey-eg istanbul Turkey Lawyer] kindly stop by our own web page. Bankman-Fried himself could face civil or criminal charges. "Sam what have you done?," tweeted Sean Ryan Evans, host of the cryptocurrency podcast Bankless, after the bankruptcy filing. Under Bankman-Fried, FTX quickly grew to be the third-largest exchange by volume. The stunning collapse of this nascent empire has sent tsunami-like waves through the cryptocurrency industry, which has seen a fair share of volatility and turmoil this year, including a sharp decline in price for bitcoin and other digital assets. For some, the events are reminiscent of the domino-like failures of Wall Street firms during the 2008 financial crisis, particularly now that supposedly healthy firms like FTX are failing. One venture capital fund wrote down investments in FTX worth over $200 million. The cryptocurrency lender BlockFi paused client withdrawals Friday after FTX sought bankruptcy protection. The Singapore-based exchange Crypto.com saw withdrawals increase this weekend for internal reasons but some of the action could be attributed to raw nerves from FTX.

Usuari:RobynMedeiros

2023-01-26T19:26:13Z

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