The first victim of Russia’s sanctions is Sberbank’s European business

(Bloomberg) – Europe is splitting Sberbank of Russia PJSC’s business in the region after sanctions over President Vladimir Putin’s invasion of Ukraine led to the flight of local deposits.

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Austria-based Sberbank Europe AG will be liquidated through local insolvency proceedings, while all shares in its Croatian and Slovenian subsidiaries will be transferred to other companies in those countries, according to the Single Restructuring Board, which deals with insolvent European creditors. Shares of the parent company, listed in London, fell 90% on Wednesday, while trading in Russian shares remained closed.

Read more: Sberbank fell 90% in London, and the local market is still closed

The United States and the European Union are stepping up measures against Russia by blocking some of the national banks in various parts of the global financial system. As early as last week, the United States said it was sanctioning five of Russia’s largest creditors, including Sberbank and VTB Bank PJSC. While Sberbank in Europe is only part of the lender’s overall business, its closure is an additional blow to Russia.

“I think it’s fair to say that it was a bank run, which was really caused by increased geopolitical risk and sanctions,” Elke Koenig, who runs SRB, told reporters on Wednesday. “This is not insolvency due to negative equity, but insolvency due to lack of liquidity.

On Monday, SRB suspended most payments at three of the bank’s branches after the European Central Bank ruled that Sberbank Europe and its subsidiaries in Croatia and Slovenia were unlikely to be able to pay their debts or other debts.

Hrvatska Postanska Banka, the only large state-owned bank in Croatia, will acquire Sberbank’s business in the country, while Nova Ljubljanska Banka will take over operations in Slovenia. Bloomberg announced their offers earlier on Tuesday.

Units in both countries will open on Wednesday “as usual, without interruption to depositors or customers,” SRB said. “They are already part of well-established, stable and stable banking groups.”

The Austrian financial markets regulator has said it has banned Sberbank Europe from continuing to do business. This triggers compensation for customers, giving the country’s guarantee system 10 banking days to pay up to 100,000 euros ($ 111,260) to a depositor.

Covered deposits

Sberbank has decided to withdraw from the European market after facing an accumulation of deposits, Russia’s largest lender said in a statement on its website. The bank failed to provide liquidity to its subsidiaries due to an order from Russia’s central bank, but local assets are enough to pay off all depositors, Sberbank said.

Koenig confirmed this, saying she was “very confident” that Sberbank Europe’s assets would cover its deposits, although it was not yet clear whether they would be enough for all its liabilities. Sberbank Europe previously reported 13.6 billion euros in assets.

The Austrian Deposit Guarantee Fund, backed by the country’s banks, said on Wednesday that it covers about 913m euros out of 1 billion euros in total deposits in the local unit. Sberbank’s Vienna-based division has about 35,000 private depositors, almost exclusively based in Germany but protected by the Austrian system.

Including Sberbank, the seven-year-old SRB has dealt with the bankruptcy of six banks, the last of which was in 2019. The Brussels-based regulator monitors creditors with cross-border businesses and other major banks, leaving the bankruptcy of smaller banks such as Greensill Bank AG in Germany last year. year, in the hands of national authorities.

The European Commission states in a separate statement that the Czech authorities have decided to close and liquidate the Sberbank branch in this country, and depositors are entitled to the same legal compensation as in Austria. Regulators in Hungary have also ordered the closure of Sberbank’s Budapest branch.

VTB Bank OJSC, a Russian lender that has come under tougher sanctions than Sberbank, does not accept new customers in its German division, but existing customers who are not subject to sanctions can gain access to their deposits, said German regulator BaFin. -early this week.

“For now, the financial system in Europe is definitely a stable financial system, but of course you never know what the future holds,” Koenig said. “But I would not consider something inevitable on our part. Needless to say, Russian-owned banks are under stress.

(Updates on trade in London in second place)

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Try the trailer for the HBO Julia Child show before it’s cold

Sarah Lancashire

Sarah Lancashire
Photo: Seacia Paul

In an age when most cooking shows have a component of reality competitions, Julia Child somehow retains her cultural cache. Months after the release of the documentary JuliaHBO is gaining popularity on its topic by announcing another Juliaa television drama based on the life of The French chef star.

Instead of focusing on how Julia Child became the author of published cookbooks in her 40s, for example Julie and Julia, HBO focuses on her life as a television pioneer. In early 1963, Child was the host The French chef, a revolutionary public television cooking program that taught millions to heat food in a way that is good. It turns out that you can’t just pour a box of kraft pasta and cheese in a blender, add some ice-cold water and finish dinner. No, Julia Child, pulling the pans off her board, made French cuisine accessible to all.

Don’t worry: these aren’t the ones who wrap actors in prostheses to look exactly like a favorite historical figure. Instead, prolific English actor Sarah Lancashire will play Child, taking the proverbial spatula from Meryl Streep, who won an Oscar for her role as Child in Julie and Julia. And yes, Lancashire is nailing Child’s infallible baritone, if you’re still wondering.

However, perhaps the real casting coup goes to David Hyde Pierce, who plays Paul Child, Julia’s husband. This casting is inspired. Not because Pierce looks like Paul or anything, but because Stanley Tucci played him Julie and Julia, and who the hell wants to follow that? It looks like Pierce will please Child Stans (who just needs to be called “kids”).

Julia is a very prestigious HBO show, so the cast is tidy. Baby Neuwirth, Brittany Bradford, Fran Kranz and Fiona Glascott complete the cast, while Isabella Rossellini, Judith Light and James Cromwell will appear for some guest appearances. Who wouldn’t want all these stars in bouillabaisse or a nice stew? Hmmm, James Cromwell.

Julia premieres on HBO Max on March 31

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David Bowie’s son, Duncan Jones, “returned perfectly” to Russia Today, publishing texts from his father

David Bowiethe son of has struck in RT for quoting his late father – and producing the “perfect return”, according to Twitter users.

Duncan Jones entered the social media platform after state-sponsored Russian television tweeted a story about NASA with the inscription “Major Tom’s Ground Control.”

The lyrics are from Bowie’s 1969 hit Space Oddity, and Mr. Jones doesn’t seem impressed with the channel formerly known as Russia Today, which covers his father’s work.

He responded quickly, quoting a tweet, and simply wrote, “Wrong Song” next to a Ukrainian flag and two emojis on his heart, as well as an image of touching lyrics from another Bowie Heroes classic (1977).

Social media users were quick to respond to Mr Jones and mark his response as a “perfect return” amid the crisis in Ukraine.

David Bowie's son (pictured together in 2009) erupted on RT quoting his late father - and produced

David Bowie’s son (pictured together in 2009) erupted on RT to quote his late father – and produced the “perfect return”, according to Twitter users

Duncan Jones took to the social media platform after state-sponsored Russian television tweeted a NASA story with the caption

Duncan Jones took to the social media platform after state-sponsored Russian television tweeted a NASA story with the caption “Major Tom’s Ground Control.” He responded quickly, quoting a tweet, and simply wrote, “Wrong Song,” along with a Ukrainian flag and two emojis at heart, as well as an image of touching lyrics from another Bowie Heroes classic (above).

The texts tweeted by Jones on Friday were: “I, I can remember (I remember). Standing, next to the wall (next to the wall). And the weapons fired over our heads (over our heads)

“And we kissed, as if nothing could fall (nothing could fall). And the shame was on the other side. Oh, we can beat them, forever. Then we could be heroes for just one day.

Admired by Mr. Jones’s response, one man wrote, “Well, if that’s not the perfect comeback.”

Another said: “This has always been my favorite of your father’s many brilliant songs for many emotional, personal reasons. It has never meant more to me than it does now. #GloryToUkraine. ‘

A third added, “This tweet is the tweet of the decade,” and a fourth wrote, “The old man is smiling now, my friend.”

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Social media users rushed to respond to Mr Jones and described his response as a “perfect return” amid Ukraine’s crisis

This comes after the media regulator Ofcom launched 15 investigations into RT’s “proper impartiality” yesterday.

The move, which increases RT’s chances of losing its UK license, concerns 15 issues of its hourly news program aired on Sunday.

The EU has banned the channel, but Foreign Minister Liz Truss has warned that such a move in the UK is likely to lead to a BBC ban in Russia.

She added: “We want the Russian people to hear the truth about what Putin is doing.”

After days of speculation, Ofcom revealed that it had “seen a significant increase” in the number of broadcasts that “require an investigation under our Broadcasting Code”.

Mr Jones (pictured in 2018) seemed less impressed by the channel formerly known as Russia Today, citing his father's work

Mr Jones (pictured in 2018) seemed less impressed by the channel formerly known as Russia Today, citing his father’s work

Understandably, investigations focus mainly on reports from local correspondents – in places like the Donbass region of Ukraine – rather than processing stories by studio presenters.

RT, which has a number of British presenters and reporters, reportedly called the invasion of Ukraine a “special military operation”.

Ofcom said yesterday that it expected “full cooperation from RT”, adding that investigations would be “accelerated” given the “gravity and urgency of the current crisis”.

On Sunday, Boris Johnson said the channel was “selling” content that “does a lot of damage to the truth” and called on Ofcom to check whether it was “breaking the country’s rules”.

Last week, Culture Minister Nadine Doris used a letter to Ofcom to accuse RT, formerly known as Russia Today, of “apparently part of Russia’s global disinformation campaign”.

Media regulator Ofcom yesterday launched 15 investigations into the

Media regulator Ofcom yesterday launched 15 investigations into the “proper impartiality” of state-backed Russian television RT

But Ms Truss admitted yesterday that any action to ban the channel here could lead to revenge against British broadcasters such as the BBC.

She told parliament: “We are considering what can be done on RT, but the reality is that banning RT in the UK will likely lead to a ban on channels like the BBC in Russia.”

The foreign minister added: “And what we want is for the Russian people to hear the truth about what Vladimir Putin is doing.”

Ofcom CEO Melanie Dawes said last night: “Given the serious situation in Ukraine, we will urgently end our investigations against RT.”

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Larry Fitzgerald’s father calls Kyler Murray “spoiled”



Detroit Lions vs. Arizona Cardinals

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Several anonymous Arizona sources have been quoted as criticizing quarterback Kyler Murray this offseason. Now someone is putting his name on some of the criticisms of Murray: Larry Fitzgerald Sr., the father of Murray’s former teammate from the Cardinals, future successor to the Hall of Fame Larry Fitzgerald.

Fitzgerald Sr., a longtime sports writer who often offers opinions on sports news, responded on Twitter to a tweet criticizing Murray with some criticism.

He is spoiled“, Writes Fitzgerald Sr.,” brings his attack in Oklahoma to the NFL team to make up for the great talent. He has never been humble, he continues to work. “

Fitzgerald Sr. offers only his own opinion and does not speak on behalf of his son, although it will not be surprising if he bases his opinion on things his son has said. Fitzgerald Sr. may have heard some of the same things that led ESPN’s Chris Mortenson to report Sunday to the Super Bowl that there are people in Arizona who see Murray as “self-centered, immature, and pointing fingers.”

The cardinals have publicly insisted that they believe in Murray and are committed to him as their quarterback franchise. For his part, Murray did what a fictional cardinal once did and said through his agent that he would believe that the team was committed to him when they showed him the money.



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Las Vegas judge acquits sex offender now accused of “racist” sexual assault on white student

A Las Vegas judge has been charged with the release on bail of a high-risk registered sex offender who allegedly continued to harass a 14-year-old boy – claiming the victim was targeted because he was white.

Judge Callany Hu has given bail to Willie Collins, 42, for just $ 1,500 last September after Collins was charged with robbery. 8NewsNow reported.

Hu did so despite being warned that Collins was a danger to society and that the convicted predator posed a risk of escape. Collins was also placed under house arrest, but appears to have violated the warrant in order to commit his latest alleged crime.

The pervert has previous convictions for child abuse, and one of his victims is a child with special needs.

Collins is then said to have struck again on February 24 after kidnapping a 14-year-old boy who was attending school.

Collins, who was carrying a GPS monitor at his ankle, pretended to be armed and then hit the young man in an alley where he was being harassed. It is alleged that the convicted pervert, who is black, later told the cops that he targeted the boy because it sucks.

Collins appeared in court on Friday to face a dozen charges, including sexual assault with a victim under the age of 16, beating with intent to commit sexual assault and kidnapping. He appeared before another judge and was eventually remanded in custody.

Willie Collins, 42, a homeless criminal and sex offender, has been charged with kidnapping and sexually assaulting a 14-year-old Las Vegas boy

Willie Collins, 42, a homeless criminal and sex offender, has been charged with kidnapping and sexually assaulting a 14-year-old Las Vegas boy

Collins, who has a rich criminal history, including a pending case of armed robbery, was out of jail after Judge Kalani Hu (pictured) set his bail at $ 1,500 last fall, although it was considered high-risk

Collins, who has a rich criminal history, including a pending case of armed robbery, was out of jail after Judge Kalani Hu (pictured) set his bail at $ 1,500 last fall, although it was considered high-risk

Police said Collins ordered the student to enter an alley and directed him to a garbage can, where he sexually assaulted him.

But the 14-year-old boy fought back and eventually managed to escape and call for help while Collins escaped on foot.

The police who responded to the scene reviewed the video monitor from the area and noticed the suspect with removed pants, revealing the ankle’s ankle monitor reported KTNV.

Investigators later found that the GPS monitor assigned to Collins after his release on bail last fall was in the area at the time of the sexual assault.

Collins appeared in court on Friday, a day after his arrest on a dozen charges

Collins appeared in court on Friday, a day after his arrest on a dozen charges

Collins was sentenced  as a sex offender after his conviction in 2017 for open and gross adultery, which included many children, including children with special needs

Collins was sentenced as a sex offender after his conviction in 2017 for open and gross adultery, which included many children

Detectives then went to Collins’ home, just a quarter of a mile from the crime scene, and arrested him at 12:30 p.m. No weapons were found with him.

Collins is listed on the Nevada sex offender registry as a result of a 2017 conviction on charges of open and gross adultery involving multiple children, one of whom had special needs.

His criminal history includes 15 previous arrests and more than a dozen convictions.

In September 2021, Collins was arrested on charges of robbery with a deadly weapon.

When he appeared before a North Las Vegas court judge, Kalani Hu, in late September for a risk assessment hearing pending trial, Collins was said to be a high-risk offender and a risk of absconding.

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Collins is pictured in some of his old booking photos. His case file dates back to 1993

But Judge Hu set Collins’ bail at $ 1,500 and allowed him to be released under house arrest with a GPS ankle monitor.

DailyMail.com turned to the court on Tuesday, seeking comment on the judge’s decision and awaiting a response.

In court on Friday, Collins looked upbeat, congratulating the presiding judge on a friendly “good morning.” After the appearance, the suspect thanked the judge, the district attorney and his public defender, adding: “Thank you, everyone here and I love you.”

Las Vegas judge acquits sex offender now accused of “racist” sexual assault on white student Read More »

Protesters in New Zealand set fire to as police raided the camp

WELLINGTON, New Zealand (AP) – Thick black smoke swirled over New Zealand’s parliament building and sirens sounded Wednesday as protesters withdrew against coronavirus vaccine mandates. set fire to tents, mattresses and chairs.

This appears to have been the latest act of disobedience, as police raided the camp, which protesters first set up more than three weeks ago.. The police regained the control of the Parliament building, although dozens of protesters remained on the nearby streets, some of the employees. The once well-maintained territory of parliament was left scarred, a children’s slide in ruins.

New Zealand Prime Minister Jacinda Ardern said police planned hostility, resistance and violence when planning the operation – but it was quite another to witness.

“I was both angry and deeply sad. “To see Parliament – your parliament, our parliament – desecrated in this way and the playground destroyed by a small group of illegal protesters,” Ardern said. “But, as I said, this is not something that will determine New Zealand’s response to this pandemic.”

Earlier, police dressed in riot gear and pepper spray attacked hundreds of people who occupied the area and surrounding streets. Police in the morning focused on the periphery of the protest before heading to the main camp in the afternoon.

This was the most significant use of force by the authorities against demonstrators. As they were retiring in the afternoon, they threw objects over several fires, which police extinguished with water hoses.

The protesters said in a statement that they were united in their desire to resign and make their own informed choices about their health, without coercion or punishment. They said the vast majority of protesters behaved well and chose to camp as a last resort after other options for dialogue were canceled.

The operation began at dawn when police began telling people over loudspeakers that they had violated and had to leave as officers tore down tents in peripheral areas and a police helicopter circled over them. Some protesters protested against police and used milk to clear their eyes of pepper spray.

Police download and some of about 300 cars, vans and trucks that protesters have used to block the streets. The convoy was inspired by similar protests in Canada and sparked other rallies around New Zealand, leading to a more political atmosphere.

Ardern’s security details have been stepped up after protesters drove her to events, including when she left school in Christchurch last week.

Police Commissioner Andrew Koster told reporters he had brought in several hundred additional officers from across the country for the operation, which will continue until all vehicles and tents are gone.

Koster said some protesters sprayed fire extinguishers and threw paint at officers as they advanced, while others used makeshift shields and barricades. He said a laser pointer was aimed at the police helicopter.

By evening, police said they had towed about 50 vehicles and left 30 more. They had arrested 65 people for infiltration, damage and carrying weapons. And three police officers were treated at a local hospital for non-life-threatening injuries.

Koster said the officers had decided to relocate because constructive talks with protest leaders had not progressed before and many real protesters had left and been replaced by people more prone to violent confrontation.

“I was very clear about our approach, which was to de-escalate. “No one here has an interest in turning this into a battle,” Koster said. “However, this protest has upset the balance and must now end.”

Ardern said Wednesday that the protest was fueled by misinformation and conspiracy theories. She also pointed out that COVID-19 had spread to the protest and some protesters had been hospitalized.

Deputies from all parties refused to meet with the protesters.

Last week, a protester drove a car to a police line, avoiding police, and police said some protesters threw human feces at them.

Police in riot gear stormed a rally on Wednesday, removing hundreds of protesters by truck.

The protesters were well organized, pitching tents on lawns in front of parliament and transporting portable toilets, donated crates and bales of straw to lie down when the grass turned to mud. They even dug a vegetable garden, set up a day care tent, and assembled makeshift showers, signaling their intention to stay for a long time.

At one point, Speaker Trevor Mallard turned on the sprinklers and blew up Barry Manilou’s tunes in an unsuccessful attempt to get them to leave.

New Zealand is experiencing its biggest outbreak since the beginning of the pandemic, as the omicron variant is spreading. Health authorities reported a record 22,000 new cases a day on Wednesday.

Ardern said he plans to start easing mandates and restrictions on viruses once the peak of the Omicron epidemic is over.

About 77% of New Zealand’s population is vaccinated with two doses.

Since the beginning of the pandemic, New Zealand has reported fewer than 100 deaths from the virus among its 5 million people, after imposing strict border controls and blockades to eliminate earlier outbreaks.

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A European subsidiary of Russia’s Sberbank will go bankrupt

Russia’s Sberbank, a European subsidiary, will be liquidated after being pressured by Western sanctions against the bank in response to Moscow’s invasion of Ukraine, European banking regulators said on Tuesday.

The Austrian subsidiary of Russia’s largest lender, Sberbank Europe AG, will be allowed to enter “normal insolvency proceedings” while branches in Croatia and Slovenia have been sold to local banks, according to the Single Restructuring Council, part of the European Union’s system for bankruptcy. maintaining financial stability. declaration.

Investors in the Austrian subsidiary will be protected up to 100,000 euros ($ 111,265) in accordance with European law, while those in Croatia and Slovenia will be covered “without restrictions”.

Sberbank AG has experienced funding problems following the imposition of severe European Union sanctions aimed at stifling Russian banks’ access to capital markets.

The European Central Bank said Monday that the European subsidiary “has failed or is likely to fail” after “suffering significant deposit outflows as a result of the reputational impact of geopolitical tensions”.

Support for the Austrian subsidiary from his mother was not possible, as Russia’s central bank forbade financial institutions from sending cash to countries that have imposed sanctions.

Sberbank Europe AG – which is 100% owned by the bank’s Russian parent company – also has subsidiaries in Bosnia and Herzegovina, the Czech Republic, Hungary and Serbia that are not monitored by European regulators.

In the case of the Austrian subsidiary, SRB determined that leaving the bank bankrupt “will not have a negative impact on financial stability”. Subsidiaries in Croatia and Slovenia will reopen as usual on Wednesday.

A European subsidiary of Russia’s Sberbank will go bankrupt Read More »

Why was Dua Lipa tried? The case of Artikal Sound System against “Levitating” is explained.

British pop superstar Dua Lipa is in legal trouble Levitedthe song that topped her album Future nostalgia(2021) and may have been song №1 of the year.

A Florida-based reggae band called Artikal Sound System has filed a copyright infringement lawsuit, claiming that Dua’s tune is a grab for their far lesser-known 2017 song. live your life.

Warner Records, Dua’s music label, has also been indicted, among others. The group wants profits made from the composition, plus damages.


Do Dua Lipa “Levitating” and “Live Your Life” by Artikal Sound System sounds like?

Here Levited:

And here it is live your life:

Both songs are quite different when it comes to lyrics, but the beat may look similar to some. It is possible that both songs have a groove inspired by the same era, but a possible verdict will soon clarify the situation.

The group’s complaint was quite brief and contained only standard information stating that they believed the singer had heard the song before 2020 and had simply printed a copy.

The complaint also states that the two songs are so similar that it is very unlikely Levited was created independently.


Levitating Success Story

While Dua Lipa was a real pop sensation before the aforementioned album, with her single from 2017. New rules after being multi-platinum around the world, the album and single Levited it was generally ejected to stratospheric success.

Levited was released as the fifth official single off the record on March 27, 2020. A remix of the song featuring DaBaby was even more successful, becoming Dua’s top 10 hit with the highest class. He was denied only the top spot due to the management of Silk Sonic Leave the door open.

The song includes electro-disco and new-disco influences with several disco tropes. Along with the rest of the album, Levited is praised for having dance-pop, pop-funk, power pop, cosmic rock vibes and pop and R&B styles from the 1970s, 1980s and 1990s.

The optimistic, irresistible and inexcusable pop style of the song surprised both critics and audiences.

The revival of Dua Lipa in the 80’s is considered an absolute success in a wave of artists like The Weeknd, also inspired by the era. But the ominous resemblance between her song and an older, unknown song casts a shadow over her huge success.


Edited by Rupak Kumar Ja

Why was Dua Lipa tried? The case of Artikal Sound System against “Levitating” is explained. Read More »