Author: Press Room

Russia has submitted preliminary objections to a genocide case against Moscow brought by Ukraine, the International Court of Justice (ICJ) said Thursday.At the ICJ, the United Nations highest court for disputes between states, parties can file preliminary objections if they believe the court does not have jurisdiction in a case. The filing, which the court tweeted Thursday it had received on Oct. 3, has not been made public.PUTIN ALLY RECOMMENDS RUSSIA USE LOW-YIELD NUCLEAR WEAPONS IN UKRAINEIn a letter to the United Nations court in March, Moscow argued that the ICJ, also known as the World Court, did not have…

CNN  —  To learn that an American president is talking so frankly about the possibility of nuclear “Armageddon,” as Joe Biden did Thursday, is bone chilling. It’s also a commentary on the grave uncertainty over how Russian President Vladimir Putin, a self-styled strongman, might react to the increasing possibility of defeat in Ukraine in a war to which he has nailed his political survival. Biden’s remarks, at a fundraising event in New York, could open him to criticism by political opponents that he is speaking in an inartful way about nuclear war – and at a political fundraiser of all…

Thursday’s Indianapolis Colts-Denver Broncos game was the first game of the season without a touchdown, and easily the ugliest game of the season thus far – and somehow, a sloppy game had quite the ending as the Colts won in overtime, 12-9.The Colts improved to 2-2-1, while the Broncos fell to 2-3. They combined for 12 punts, eight three-and-outs, seven field goals, and zero touchdowns. The game started off on a sour note – on just the third play of the game, Colts’ Nyheim Hines suffered a concussion and wobbled to the turf in scary fashion – similar to Tua…

A man was randomly stabbed multiple times at a Bronx subway station Thursday night in the latest instance of transit violence in the Big Apple. The attack occurred at the 176th Street station near Jerome Avenue after an unknown suspect approached the 38-year-old victim exiting a northbound 4 train, authorities said. The suspect stabbed the man in the back and chest in the unprovoked assault before fleeing the scene, the NYPD said. The 38-year-old man was stabbed at the 176th Street station while exiting a northbound 4 train, authorities said.Christopher Sadowski The victim was rushed to St. Barnabas Hospital in…

It has been a great Mets regular season. Winning 101 games ain’t easy, or they would have done it more than once before in 60 years.  Max Scherzer is everything they could have hoped for, worth every penny of that $43.3 million.  Jacob deGrom got back on the mound for the second half, and is apparently here to help when it counts.  Francisco Lindor got his mojo back.  Jeff McNeil forgot about the alleged rat or raccoon, or whatever it was, and won himself a batting title.  Brandon Nimmo scored 100 runs and became a Gold Glove-caliber center fielder.  Pete…

CNN  —  A Purdue University student was killed in an on-campus residence hall and his roommate has been arrested and charged with murder, university police announced. Varun Manish Chheda, 20, died due to “multiple sharp force traumatic injuries,” according to preliminary autopsy findings from Tippecanoe County Coroner Carrie Costello. Chheda’s roommate, Ji Min Sha, 22, called 911 early Wednesday morning to report his roommate was dead, Purdue University Police Chief Lesley Wiete said in a news conference. Police responded to their room in McCutcheon Hall within minutes and took Sha into custody, according to Wiete. Sha has been charged with…

Kyiv, Ukraine CNN  —  The Ukrainians’ bodies lay side-by-side on the grass, the earth beside them splayed open by a crater. Dragged to the spot by Russian mercenaries, the victims’ arms pointed to where they had died. “Let’s plant a grenade on them,” a voice says in husky Russian, in what appears to be a plan to booby-trap the bodies. “There is no need for a grenade, we will just bash them in,” another says of the Ukrainian soldiers who will come to collect the bodies. The mercenaries then realize they have run out of ammunition. These events seen and…

The writer is a former banker and author of “Traders, Guns and Money” and “A Banquet of Consequences Reloaded”In recent financial crises, derivatives have amplified and propagated losses in markets. They are now posing risks again but there has been a shift in the underlying nature of them.Vulnerabilities in the financial system have emerged, ironically, through some well-intentioned initiatives to reduce risk. Since the 2008 financial crisis, there have been moves designed to reduce the level of credit between counterparties in markets.The new regulations penalise so-called over-the-counter trades, deals conducted privately between parties, which are not secured by collateral. They…

The times are seriously out of joint. That much is clear from the recent turmoil in the market for UK government bonds and the gyrations of sterling.These febrile events followed Chancellor Kwasi Kwarteng’s shock “mini” Budget with its uncosted approach to the public finances, along with the Bank of England’s minuscule 0.5 per cent increase in the base rate to 2.25 per cent in the face of looming double-figure inflation. Despite the ballooning increase in consumer prices, the Bank has now retreated from its proposed quantitative tightening back to quantitative easing.This means a shift from promising to unload government bonds…

British households could soon be handed £10 a day if they avoid using their washing machines during peak times, according to the National Grid, after warnings there could be power cutsBrits could could be rewarded with cash for running their washing machines late at night under a brand new scheme. The plan unveiled by the National Grid Electricity System Operator (ESO) for the upcoming winter will offer financial incentives for switching energy usage to off-peak hours. Named the ‘demand flexibility service’, it has been designed help ease the pressure on power networks as the nation prepares for of a winter…