Showing posts with label Election. Show all posts
Showing posts with label Election. Show all posts

Saturday, April 20, 2024

It Seems Like Things Are Actually Cooling Down Between Israel and Iran

 It Seems Like Things Are Actually Cooling Down Between Israel and Iran


A man walks past a banner depicting missiles along a street in Tehran, Iran, on Friday. AFP/Getty Images


A rare bit of calming news from the Middle East: It seems that neither Israel nor Iran wants to widen the war.

The odds of a direct conflict between the region’s two most powerful countries seemed high for much of this month. On April 1, Israel attacked Iran’s consulate in Syria, killing seven senior officers of the Islamic Revolutionary Guard Corps. On April 13, Iran retaliated by launching a massive, multipronged attack—more than 300 missiles and drones, including 110 ballistic missiles—against Israel. Almost all the incoming weapons were shot down (a remarkable feat by U.S., Israeli, British, French, and Jordanian air defenses), no one was killed, and very little damage was sustained, and at just one air base. Still, the attack, which could have been deadly, marked the first time Iran had ever attacked Israeli territory. Israel felt the need to do something in response.

In the wee hours on Friday, three drones flew over an air base in the Isfahan district of southern Iran, not very far from a critical nuclear facility. Iran says they were all shot down. Maybe so, maybe not. The key facts are these: Israel has not acknowledged launching the drones—nor has Iran accused Israel of doing so. In fact, one senior Iranian official blamed the deed on “infiltrators” who fired the drones from inside Iran.

The point is, the widespread fears of mutual escalation—one airstrike sparking another, which sparks another, then another, on and on, for reasons of revenge, pride, a compulsion to “restore deterrence,” or whatever—have proved baseless, at least for now.

After the Saturday night air raid, an Iranian official warned Israel not to retaliate. Even a small Israeli attack, he said, would trigger a much more massive counterstrike from Tehran. President Biden urged Israeli Prime Minister Benjamin Netanyahu to heed the warning. Most Israelis felt they had to do something to deter future Iranian attacks. They wound up doing about as little as a powerfully armed country can do while still doing something—and Iran pretended that Israel didn’t launch the attack anyway, thus evading their pledge to respond to any such attack massively.


In sum, Iran proved that it can mount a massive attack on Israel, while Israel proved that its weapons have the range to strike targets inside Iran. That seemed to be enough for both sides. The equilibrium has thus been restored, at least for now.

As of midday Friday, the Israeli government seemed content to go along with the game, declining to comment on the drone strike. An exception was Itamar Ben-Gvir, the ultra-right-wing national security minister, who had pushed for a much more forceful response. “Lame!” he tweeted Friday morning in reference to the three-drone airstrike—thus acknowledging that Israel had launched the attack and that some senior officials wanted to do more. Netanyahu usually endorses Ben-Gvir’s radically hawkish statements, or at least doesn’t dispute them. But this time, Channel 12, Israel’s leading TV news station, reported that officials in the prime minister’s inner circle are very upset with the tweet, saying that it damaged Israel’s national security and slamming Ben-Gvir generally as “childish” and “irrelevant to any discussion.”

Meanwhile, the aftereffects of Iran’s attack last weekend continue to benefit Israel. On Wednesday, 48 countries signed a statement condemning Iran for its attack on Israel. The palpable sign of Israel’s continued vulnerability is also likely to boost approval of President Biden’s emergency military-aid package, which the House will take up on Saturday. Before the attack, many of those countries would have been reluctant to endorse any expression of support for Israel—and Biden’s aid package was losing support—as a result of Israel’s “over-the-top” military tactics (as even Biden called them) in Gaza.


The prospect of a major war between Iran and Israel distracted the world’s focus from the fighting and suffering in Gaza, but probably not for long. U.S. and Israeli officials remain locked in disagreement over how to rout the last battalion of Hamas terrorists from the town of Rafah on Gaza’s southern tip, where more than 1 million civilians—most of them refugees from the northern towns—are crowded, many of them starving. Netanyahu and the other members of his war Cabinet want to mount a major offensive against Rafah. Biden and his aides urge them not to take that step unless they come up with a way to avoid killing tens of thousands of the civilians. The Israelis have not come up with any such way. Nor have the Americans thought up a way to rout Hamas’ last battalion without an armed offensive.

This is why U.S., Egyptian, and Qatari diplomats continue to hammer out a plan for a cease-fire, combined with an exchange of Israeli hostages held by Hamas for Palestinian prisoners held by Israel. Hamas has rejected several proposals, most of them endorsed by Israel. Its one counteroffer—a cease-fire that delays the release of any hostages until all Israeli troops have withdrawn from Gaza—is unacceptable to Israel.

Bitcoin just completed its fourth-ever 'halving,' here’s what investors need to watch now

 Bitcoin just completed its fourth-ever 'halving,' here’s what investors need to watch now




The Bitcoin network on Friday night slashed the incentives rewarded to miners in half for the fourth time in its history.

The celebrated event, which takes place about once every four years as mandated in the Bitcoin code, is designed to slow the issuance of bitcoins, thereby creating a scarcity effect and allowing the cryptocurrency to maintain its digital gold-like quality.

There may be some speculative trading on the event itself. JPMorgan said it expects to see some downside in bitcoin post-halving and Deutsche Bank said it "does not expect prices to increase significantly." However, the impact may be bigger months from now, even if bitcoin continues its trend of diminishing returns from its halving day to its cycle top. Two key things to watch will be the block reward and the hash rate.


"While the upcoming Bitcoin halving will create a supply shock as the previous ones had, we believe its impact on the cryptocurrency's price could be magnified by the concurrent demand shock created by the emergence of spot bitcoin ETFs," said Benchmark's Mark Palmer.

The bigger immediate impact will be to the miners themselves, he added. They're the ones that run the machines that do the work of recording new blocks of bitcoin transactions and adding them to the global ledger, also known as the blockchain.

"Miners with access to inexpensive, reliable power sources are well positioned to navigate the post-halving market dynamics," said Maxim's Matthew Galinko in a note Friday. "Some miners, many that are not public, could exit the market with a combination of poor access to power, efficient machines, and capital. Miners with capital and relatively expensive power will likely find opportunities in the wake of potential consolidation and disruption driven by the halving."

The block reward

Miners have two incentives to mine: transaction fees that are paid voluntarily by senders (for faster settlement) and mining rewards — 3.125 newly created bitcoins, or about $200,000 as of Friday evening, when the mining reward shrunk from 6.25 bitcoins. The incentive was initially 50 bitcoins.

The reduction in the block rewards leads to a reduction in the supply of bitcoin by slowing the pace at which new coins are created, helping maintain the idea of bitcoin as digital gold — whose finite supply helps determine its value. Eventually, the number of bitcoins in circulation will cap at 21 million, per the Bitcoin code. There are about 19.6 million in circulation today.

"Miners utilize powerful, specialized computer hardware to validate transactions on the Bitcoin network and record them permanently on the blockchain," Deutsche Bank analyst Marion Laboure said. "This process, known as mining, rewards miners with newly minted bitcoins. But with each halving, the reward to mining is decreased to maintain scarcity and control the cryptocurrency's inflation rate over time."

The hash rate

Historically after a halving, the Bitcoin hash rate – or the total computational power used by miners to process transactions on the Bitcoin network – has fallen, pricing some miners out of the market. It generally recovers in the medium term, however, Laboure pointed out.

The network hash rate has been hitting all-time highs for months as miners tried to take market share ahead of the halving. Growth in the Bitcoin hash rate dilutes individual miners' contribution to the network hash rate.

"In the past three halvings, the network recovered its pre-halving hash rate levels within an average of 57 days," she said. "It is also likely that the current elevated prices of bitcoin may limit this short-term dip in the hash rate, as bitcoin miners enjoy record high profits in the lead-up to the halving."

Palmer said the impact of the halving on bitcoin miners' economics could be "more than offset over time" if bitcoin's price rallies keep pushing the cryptocurrency to new highs in the months ahead.

Monday, April 15, 2024

Trump Media Stock Plunges, Extending Recent Losses

 Trump Media Stock Plunges, Extending Recent Losses


Funds that bet on a fall were set to profit as the parent of Truth Social came under renewed pressure after it registered new shares for a potential sale.


Since former President Donald J. Trump’s company, Trump Media & Technology, began trading, its shares have fallen by about 60 percent.Credit...Michelle Gustafson for The New York Times




Shares of former President Donald J. Trump’s social media company plunged on Monday after the company filed to register the potential sale of tens of millions of additional shares.

Trump Media & Technology’s stock fell 18.3 percent, erasing hundreds of millions of dollars from the company’s market value — and putting a dent in Mr. Trump’s majority stake. Since a surge in its first days of trading as Trump Media, which lifted the value of the company to about $8 billion at one point last month, the company’s shares have dropped by around 60 percent.

Trump Media was expected to register the potential sale of new shares after the completion of its merger last month with Digital World Acquisition Corp., a cash-rich shell company known as a SPAC. Companies that merge with SPACs, or special purpose acquisition companies, typically file a registration statement a few weeks after the deal is completed for the sale of additional securities held by early investors.


Matthew Goldstein covers Wall Street and white-collar crime and housing issues. More about Matthew Goldstein

Joe Rennison writes about financial markets, a beat that ranges from chronicling the vagaries of the stock market to explaining the often-inscrutable trading decisions of Wall Street insiders. More about Joe Rennison



Sunday, April 14, 2024

70 million Americans under severe weather threat from Northeast to Midwest

 70 million Americans under severe weather threat from Northeast to Midwest

From Sunday through Tuesday, hail, winds and a few tornados are possible.
Andrew Spear/Getty ImagesThe aftermath of tornados that came through the region in Indian Lake

Severe weather is projected to impact 70 million Americans from the Northeast Sunday through to Tuesday in the Midwest.

NOAA's Storm Prediction Center has issued an enhanced risk outlook for the multi-region storm system, designating it a level 3 out of 5 risk for severe weather.

In the Northeast, intense thunderstorms are likely to develop late Sunday afternoon in a corridor across the upper Ohio Valley into the Pocono Mountains in Pennsylvania and the Catskill region in Upstate New York.

Damaging wind, some hail and tornadoes are possible as the storm spreads slowly southward into Sunday evening.
ABC NewsSevere risk forecast for Sunday evening.

A line of these strong to potentially severe storms is projected to impact cities from Pittsburgh to New York Sunday night from 10:00 p.m. ET to 11:00 p.m. ET.

In the Midwest, a dynamic weather system across the Rockies and into the Great Plains from the Dakotas to Texas has the potential to form storms capable of becoming supercells and produce very large hail, damaging winds, and tornadoes on Monday.

ABC NewsSevere weather outbreak forecast for Monday and Tuesday.

Scattered severe thunderstorms are likely across the southern to central Great Plains, mainly Monday evening when large hail, damaging wind and a few tornadoes are possible.

Storms may begin as early as 5:00 p.m. CT from Central Texas to Nebraska and then continue to develop overnight across the region.

By Tuesday morning, storms are projected to impact regions from eastern Nebraska to Kansas City, Missouri, and parts of Iowa. These storms may still be strong and possibly severe.
The strongest storms are anticipated in areas from Des Moines, Iowa, to Columbia, Missouri, on Tuesday afternoon.

Scattered severe thunderstorms are likely on Tuesday into the evening from Chicago to east of Dallas.

On Wednesday morning, there may be lingering strong to severe storms in the Ohio River Valley.

Saturday, April 13, 2024

Google goes all in on generative AI at Google Cloud Next

 Google goes all in on generative AI at Google Cloud Next



Image Credits: Google

This week in Las Vegas, 30,000 folks came together to hear the latest and greatest from Google Cloud. What they heard was all generative AI, all the time. Google Cloud is first and foremost a cloud infrastructure and platform vendor. If you didn’t know that, you might have missed it in the onslaught of AI news.

Not to minimize what Google had on display, but much like Salesforce last year at its New York City traveling road show, the company failed to give all but a passing nod to its core business — except in the context of generative AI, of course.

Google announced a slew of AI enhancements designed to help customers take advantage of the Gemini large language model (LLM) and improve productivity across the platform. It’s a worthy goal, of course, and throughout the main keynote on Day 1 and the Developer Keynote the following day, Google peppered the announcements with a healthy number of demos to illustrate the power of these solutions.

But many seemed a little too simplistic, even taking into account they needed to be squeezed into a keynote with a limited amount of time. They relied mostly on examples inside the Google ecosystem, when almost every company has much of their data in repositories outside of Google.

Some of the examples actually felt like they could have been done without AI. During an e-commerce demo, for example, the presenter called the vendor to complete an online transaction. It was designed to show off the communications capabilities of a sales bot, but in reality, the step could have been easily completed by the buyer on the website.

That’s not to say that generative AI doesn’t have some powerful use cases, whether creating code, analyzing a corpus of content and being able to query it, or being able to ask questions of the log data to understand why a website went down. What’s more, the task and role-based agents the company introduced to help individual developers, creative folks, employees and others, have the potential to take advantage of generative AI in tangible ways.

Google Cloud Next 2024: Everything announced so far





But when it comes to building AI tools based on Google’s models, as opposed to consuming the ones Google and other vendors are building for its customers, I couldn’t help feeling that they were glossing over a lot of the obstacles that could stand in the way of a successful generative AI implementation. While they tried to make it sound easy, in reality, it’s a huge challenge to implement any advanced technology inside large organizations.

Big change ain’t easy
Much like other technological leaps over the last 15 years — whether mobile, cloud, containerization, marketing automation, you name it — it’s been delivered with lots of promises of potential gains. Yet these advancements each introduce their own level of complexity, and large companies move more cautiously than we imagine. AI feels like a much bigger lift than Google, or frankly any of the large vendors, is letting on.

What we’ve learned with these previous technology shifts is that they come with a lot of hype and lead to a ton of disillusionment. Even after a number of years, we’ve seen large companies that perhaps should be taking advantage of these advanced technologies still only dabbling or even sitting out altogether, years after they have been introduced.

There are lots of reasons companies may fail to take advantage of technological innovation, including organizational inertia; a brittle technology stack that makes it hard to adopt newer solutions; or a group of corporate naysayers shutting down even the most well-intentioned initiatives, whether legal, HR, IT or other groups that, for a variety of reasons, including internal politics, continue to just say no to substantive change.

Vineet Jain, CEO at Egnyte, a company that concentrates on storage, governance and security, sees two types of companies: those that have made a significant shift to the cloud already and that will have an easier time when it comes to adopting generative AI, and those that have been slow movers and will likely struggle.

custom model, says Andy Thurai, an analyst at Constellation Research. “While implementing either solution, companies need to think about governance, liability, security, privacy, ethical and responsible use and compliance of such implementations,” Thurai said. And none of that is trivial.

Executives, IT pros, developers and others who went to GCN this week might have gone looking for what’s coming next from Google Cloud. But if they didn’t go looking for AI, or they are simply not ready as an organization, they may have come away from Sin City a little shell-shocked by Google’s full concentration on AI. It could be a long time before organizations lacking digital sophistication can take full advantage of these technologies, beyond the more-packaged solutions being offered by Google and other vendors.

custom model, says Andy Thurai, an analyst at Constellation Research. “While implementing either solution, companies need to think about governance, liability, security, privacy, ethical and responsible use and compliance of such implementations,” Thurai said. And none of that is trivial.

Executives, IT pros, developers and others who went to GCN this week might have gone looking for what’s coming next from Google Cloud. But if they didn’t go looking for AI, or they are simply not ready as an organization, they may have come away from Sin City a little shell-shocked by Google’s full concentration on AI. It could be a long time before organizations lacking digital sophistication can take full advantage of these technologies, beyond the more-packaged solutions being offered by Google and other vendors.


Monday, April 8, 2024

Back Indian Railways to run Summer Special Vande Bharat Express trains in April. Check out routes, timings, and stops

Back

Indian Railways to run Summer Special Vande Bharat Express trains in April. Check out routes, timings, and stops


Indian Railway has announced the schedule and stops of summer special Vande Bharat Express trains in April 2024 it will operate for the convenience of passengers planning to visit their hometowns or tourist destinations.


A special Vande Bharat train will run from Chennai Egmore to Nagercoil on Fridays, Saturdays, and Sundays of this month for the convenience of passengers

Indian Railway has announced that it will run several summer special Vande Bharat Express trains in April 2024 for the convenience of passengers planning to go to their hometowns or tourist destinations. 

Releasing the schedule, the Indian Railways said the summer special Vande Bharat Express trains will be operated from Chennai Egmore to Nagercoil and on the return direction on 5, 6, 7, 12, 13, 14, 19, 20, 21, 26, 27 and 28th of April. 

To cater to the increased demand during the festive season, Indian Railways operate the fully reservation-based special Vande Bharat Express trains every year. In 2023, the Indian Railways announced 283 festival special trains for Diwali and Chhath Puja, and made approximately 4,480 trips during the festival season.

To cater to the increased demand during the festive season, Indian Railways operate the fully reservation-based special Vande Bharat Express trains every year. In 2023, the Indian Railways announced 283 festival special trains for Diwali and Chhath Puja, and made approximately 4,480 trips during the festival season.

Festival special trains are operated for Diwali and Chhath Puja as well as Onam, Christmas, and New Year. There was a special Vande Bharat Express train for the convenience of passengers to and from Kerala during the Onam festival, and several Vande Bharat trains were operated during Christmas and New Year.

April 2024 Summer Special Vande Bharat Route

The Indian Railways said in a release a special train will run from Chennai Egmore to Nagercoil on Fridays, Saturdays, and Sundays of this month. 

Train number 06057, will depart from Chennai Egmore at 5:15 am and reach Nagercoil at 2:10 pm. In the return journey, train number 06058 will depart from Nagercoil at 2:50 pm and reach Chennai Egmore at 11:45 pm, it added.

These Vande Bharat summer special trains from Chennai Egmore to Nagercoil will have stops at Tambaram, Villupuram, Tiruchi, Dindigul, Madurai, Virudhunagar and Tirunelveli. Though it has been planned only for April as of now, the service may be extended, based on passenger demand, the statement said. 

Indian Railway has also advised the passengers to book the ticket in advance and check the official website for the updated schedule and stops of the April 2024 summer special Vande Bharat Express Trains.

 

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Saturday, April 6, 2024

‘Outrage against international law’: Mexico breaks diplomatic ties with Ecuador over embassy raid

 ‘Outrage against international law’: Mexico breaks diplomatic ties with Ecuador over embassy raid



Mexico is breaking diplomatic ties with Ecuador after police raided its embassy in Quito to arrest former Ecuadorian Vice President Jorge Glas, who had been seeking asylum there.

Confirming the move in a statement to CNNE, a foreign ministry spokesperson said all Mexican diplomatic staff would leave Ecuador immediately.

Mexico decried the raid as “an outrage against international law.”


Video from the scene showed police officers massing around the embassy, some armed. Embassies are generally considered protected spaces under diplomatic norms.

Glas has since been transferred to a maximum-security prison in Guayaquil known as La Roca, the national prisons agency SNAI announced Saturday.

A rift between the two Latin American countries had been growing for several days, culminating Friday in Mexico’s decision to grant political asylum to Glas, who served as vice president under leftist ex-President Rafael Correa between 2013 and 2017.

Convicted twice on corruption charges, Glas says he is the subject of political persecution and had been sheltering inside the embassy.

He had most recently been accused by Ecuadorian authorities of embezzling government funds meant to help rebuild after a devastating 2016 earthquake.

But on Friday, Mexican president Andrés Manuel López Obrador, on his official X account, said he had been informed that “police from Ecuador forcibly entered” the Mexican embassy and took Glas – who “was a refugee and processing asylum because of the persecution and harassment he faces.”

A statement released by Ecuador’s government on X also confirmed the arrest.

Glas was “sentenced to imprisonment by the Ecuadorian justice system,” the statement from Ecuador’s government read, and was “arrested tonight and placed under the orders of the competent authorities.” He had been granted diplomatic asylum “contrary to the conventional legal framework,” the government said.

“What you have just seen is an outrage against international law and the inviolability of the Mexican embassy in Ecuador,” Roberto Canseco, head of chancellery and policy affairs of the Mexican embassy, told a reporter from CNNE, calling Glas’s arrest “totally unacceptable.”

“It is barbarism,” Canseco added. “It is impossible for them to violate the diplomatic premises as they have done.”

At a news conference Saturday, Ecuadorian Foreign Minister Gabriela Sommerfeld said the decision to raid the Mexican embassy to arrest Glas was made “in the face of a real risk of imminent escape.”

Sommerfeld also accused Mexico of violating the principle of non-intervention by letting Glas stay in the embassy and evade an order to appear before authorities in a corruption probe.

“The Mexican embassy, by receiving Mr. Glas Espinel, contributed to the failure to comply with the obligation to appear weekly before the judicial authority, thus affecting the democratic institutions of Ecuador, clearly contravening the fundamental principle of non-intervention in the internal affairs of other states,” she said.

Sommerfeld dismissed Mexico’s claim that Glas was being politically prosecuted, saying, “For Ecuador, no criminal can be considered a politically persecuted person when he has been convicted with an enforceable sentence and with an arrest warrant issued by the judicial authorities.”

Mexico plans to lodge a complaint with the International Court of Justice to denounce the Ecuadorian police’s actions, the spokesperson for Mexico’s foreign secretary added.

Secretary of Foreign Affairs Alicia Bárcena said there had been no prior contact with Ecuador’s foreign ministry about the arrest and Canseco was physically attacked during the arrest. Video shows Canseco scuffling with police outside the embassy and being dragged to the ground.

Adding to current tensions was López Obrador’s apparent criticism of Ecuador’s recent elections, saying the 2023 run-off vote took place in a “very strange” manner and suggesting presidential candidates had used the media, presidential candidate Fernando Villavicencio’s assassination and overall violence in their favor while campaigning.

After that comment, Ecuador declared Mexico’s ambassador to the country “persona non grata,” meaning they would have to leave the country in short order.

The dramatic rupture in relations sent shock waves through the region, with Latin American leaders swiftly condemning Ecuador’s raid on the embassy.

In a statement, Colombian President Gustavo Petro said Glas’s right to asylum had been “barbarically violated” and called for an urgent examination of the “breach of the Vienna convention by a member state” conducted by international bodies, including the Organization of American States.

Gaza: Israel urged to publish full report on aid worker deaths

 

Gaza: Israel urged to publish full report on aid worker deaths


Seven aid workers were killed in three drone strikes on a convoy of vehicles

Food charity World Central Kitchen (WCK) has called for an independent investigation into the killing of seven of its staff by Israeli drone strikes in Gaza.

It comes after the Israel Defense Forces (IDF) said "grave mistakes" led to the fatal targeting of the workers.

An Israeli military inquiry led to two senior officers being dismissed.

However, the CEO of the aid group said the Israeli military "cannot credibly investigate its own failure in Gaza".


In a statement, Erin Gore continued: "[The IDF's] apologies for the outrageous killing of our colleagues represent cold comfort. It's cold comfort for the victims' families and WCK's global family."

She said Israel must take "concrete steps" to ensure the safety of aid workers operating on the ground in Gaza, where several organisations have suspended operations in light of the deaths.

Israel is under pressure from key Western partners to publish the full findings of its investigation, which have not been made public.

US Secretary of State Antony Blinken said he had received the Israeli report and was "reviewing it very carefully". He said the US will be "looking to see not just what steps are being taken, but the results that follow from them".

The Biden administration is facing mounting pressure from some Democrats over its military support to Israel. On Friday, more than three dozen members of Congress, including former House Speaker Nancy Pelosi, signed a letter urging the US president and Mr Blinken to "reconsider" the authorisation of an arms package transfer to Israel.

The letter called for the US to withhold further arms transfers pending an investigation into the airstrike that killed the aid workers, or if Israel "fails to sufficiently mitigate harm to innocent civilians in Gaza."

In the space of four minutes on 1 April, the seven aid workers were killed when three missiles destroyed their cars one by one as they engaged in humanitarian work.

The charity's team had been authorised by the Israeli military to help transfer aid supplies from the coast to a warehouse, but a series of mistakes and miscommunications on the part of the IDF resulted in them being mistaken for Hamas operatives and targeted.

The IDF said a "number of armed gunmen" were in the vicinity of the convoy, but drone operators wrongly tracked cars carrying aid workers.

The army apologised after admitting its soldiers did not follow protocols and were not given crucial information about the pre-approved aid mission.


The IDF said information about the aid workers' movements was not passed on to drone operators


As well as the dismissal of a colonel and a major, three IDF commanders have been formally reprimanded and the drone unit responsible has been suspended.

UK Foreign Secretary Lord David Cameron said British officials were "carefully reviewing the initial findings" and called the dismissal of two officers a "first step".

In a post on X, formerly Twitter, he said: "These findings must be published in full and followed up with a wholly independent review to ensure utmost transparency and accountability."

Additional material from the IDF investigation - including video footage purporting to show a Hamas gunman on top of an aid lorry - was shown to journalists in a private briefing ahead of the IDF's public apology, but only a summary of the findings has been made publicly available.

The Israeli investigation was carried out via a pre-existing disciplinary procedure which deals with allegations of military misconduct, and was overseen by a reservist major general.

IDF spokesman Rear Adm Daniel Hagari described the report as being carried out by a "professional, independent body that is outside of the chain of command".

Tuesday, April 2, 2024

Netanyahu says aid workers’ killing tragic, ‘happens in wartime’: 10 points

 Netanyahu says aid workers’ killing tragic, ‘happens in wartime’: 10 points

The seven workers killed in the strike were citizens from Australia, Britain, Poland, a Palestinians and a dual citizen of the United States and Canada.


People inspect the site where World Central Kitchen workers were killed in Deir al-Balah, Gaza Strip,

In Short

🔸Seven killed in Israeli strike at food charity in Gaza

🔸Israeli PM laments killings, but says it 'happens in war'

🔸Countries, including Poland, Spain, the UK, react strongly

Seven people working for the World Central Kitchen aid group in Gaza were killed in an Israeli airstrike on Tuesday. Three of them were British nationals, one Australian, one from Poland, one Palestinian and one dual citizen of the United States and Canada.


Israeli Prime Minister Benjamin Netanyahu lamented the killing of the NGO workers calling the incident "tragic and unintended". However, he also said this "happens in wartime".



Byju's layoffs: Company starts job cuts via calls, lets go staff without notice period

 Byju's layoffs: Company starts job cuts via calls, lets go staff without notice period

Byju's layoffs: The company is also not asking employees to serve a notice period, the report claimed.

Byju's layoffs: Edtech company Byju's initiated layoffs on phone calls and is letting go employees without putting them on a performance improvement plan (PIP), Moneycontrol reported citing people in the know. The company is also not asking employees to serve a notice period, the report claimed.

Byju's layoffs: How many employees could be affected?

Byju's layoffs: The company is also not asking employees to serve a notice period, the report claimed.

Byju's new round of layoffs may impact anywhere between 100 to 500 employees, the report claimed. The sector most affected could be the sales function of the company.

In the past two years, Byju's has sacked at least over 10,000 employees as the company grapples with dwindling funds and legal showdowns with investors and stakeholders. Currently, nearly 14,000 employees are on the payroll of Byju's India entity.

Byju's spokesperson told Moneycontrol, “We are in the final stages of a business restructuring exercise announced in October 2023 to simplify operating structures, reduce the cost base, and better cash flow management. We are going through an extraordinary situation in the company because of the ongoing litigation, where every employee and the ecosystem itself is going through tremendous stress given the present circumstances.”

In the current wave of layoffs, Byju's is following phone calls with emails that read, “This is to confirm that your last working day with Think and Learn Pvt Ltd will be March 31, 2024. Your full and final settlement will be done as per the exit policy. Please hand over all the assets and proprietary information of the Company that are in your possession to enable processing your full and final settlement. In case of any queries on exit formalities, please contact separations@byjus.com.

Arvind Kejriwal News Live: ‘Not celebrating, my 3 brothers are in jail,’ says AAP MP Sanjay Singh's wife

 

Arvind Kejriwal News Live: ‘Not celebrating, my 3 brothers are in jail,’ says AAP MP Sanjay Singh's wife


Arvind Kejriwal News Live: AAP MLAs met CM Kejriwal's wife Sunita Kejriwal at her residence in Delhi today.

Arvind Kejriwal News Live: Arvind Kejriwal, the chief minister of Delhi was on Monday remanded to judicial custody until April 15. Later that evening, he was placed in Tihar Jail in the national capital. During the hearing, the Enforcement Directorate informed the Rouse Avenue Court that Kejriwal had implicated his party colleagues Atishi and Saurabh in the excise policy scam case.

Arvind Kejriwal leaves in a car after attending a hearing at a court, in New Delhi.

Kejriwal claimed that one of the accused in the case, Vijay Nair, who was also the former communication-in-charge of AAP, used to report to Atishi.

In a turn of events on Tuesday, Delhi minister Atishi addressed a press conference in which she said that she was asked to ‘join the BJP or face ED action.’ She further claimed that this warning was extended to three other AAP leaders: Delhi Minister Saurabh Bharadwaj, MLA Durgesh Pathak, and Rajya Sabha MP Raghav Chadha, who were also allegedly at risk of arrest.

Aam Aadmi Party leader Saurabh Bharadwaj also made similar comments.

Meanwhile, hitting back at the AAP's allegations against it, BJP spokesperson Shehzad Poonawalla said, "If they have all the evidence in their command why don't the courts give them relief? This is the same party which said a few months ago that ₹800 crore had been kept by the BJP, they are breaking our party we have an audio tape we are going to disclose it but where is that audio tape?... This party has the track record of making the most number of lies and the most number of untruthful statements..."

AAP MLAs also met CM Kejriwal's wife Sunita Kejriwal at her residence in Delhi today

Tue, 02 Apr 2024 05:42 PM

Arvind Kejriwal News Live: Shiv Sena (UBT) MP Priyanka Chaturvedi on Sanjay Singh's bail in liquor scam case

Arvind Kejriwal News Live: Shiv Sena (UBT) MP Priyanka Chaturvedi, speaking to news agency ANI about the Supreme Court granting bail to Aam Aadmi Party MP Sanjay Singh, says, “I welcome the decision of the Supreme Court... This shows that the BJP is misusing the central agencies to suppress and politically arrest opposition leaders. Sanjay Singh has got bail and he can get involved in his party affairs also... Enforcement Directorate has knelt down before BJP... ED has been reduced to the Extortion Department and an Extended Department of the BJP.”


Monday, April 1, 2024

Mars exploration: NASA's Curiosity searches for new clues about ancient water

 Mars exploration: NASA's Curiosity searches for new clues about ancient water


A recent study by an international team has suggested that Mars might have retained more water for a longer period than previously thought.


The presence of water on Mars—Earth’s neighbour —is not an alien concept. Astronomers over decades have talked about the presence of water on the Red Planet without evidence. However, a recent study by an international team has suggested that the fourth planet of the solar system from the Sun might have retained more water for a longer period than previously thought.

As the Curiosity rover of the National Aeronautics and Space Administration (NASA) has begun exploring a new region of Mars i.e Gediz Vallis channel—appears to have been carved by an ancient river—it could reveal more about when liquid water disappeared once and for all from the Red Planet’s surface.

The rover team is focusing on the Gediz Vallis channel and searching on for evidence that would confirm how the channel was carved into the underlying bedrock. The formation’s sides are steep enough that the team doesn’t think the channel was made by wind.

The rover’s journey through this region aims to find out the process of the Gediz Vallis channel formation—whether the debris flows (rapid, wet landslides) or a river carrying rocks and sediment could have formed the bedrock. Scientists are also eager to find out whether the debris was transported by water or dry avalanches.

Since 2014, Curiosity has been ascending the foothills of Mount Sharp above the floor of Gale Crater to explore the evaluation of the Mars climate change. The study of layers in the lower part of Mount Sharp formed over millions of years may provide scientists a clue as to how the presence of both water and the chemical ingredients required for life changed over time. These layers present a chronological record of Mars’ environmental changes, crucial for understanding its potential for past life.

Also Read | Vistara Airlines confirms flight cancellations, delays
“If the channel or the debris pile were formed by liquid water, that’s really interesting. It would mean that fairly late in the story of Mount Sharp – after a long dry period – water came back, and in a big way," said Curiosity’s project scientist, Ashwin Vasavada of NASA’s Jet Propulsion Laboratory in Southern California.


Last year, Curiosity made a challenging ascent to study the ridge, which drapes across the slopes of Mount Sharp and seems to grow out of the end of the channel, suggesting both are part of one geologic system.

This Curiosity exploration contributes to a growing body of evidence suggesting Mars experienced water in phases, with periods of aridity interspersed with significant watery intervals. Discoveries like mud cracks, remnants of shallow lakes, and evidence of the complexity of Mars's hydrological past, Massive debris flows underscore the complexity of Mars’ hydrological past.


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Pluto declared ‘official state planet’ of this US state
2 min read
01 Apr 2024, 03:16 PM IST
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Written By Deepak Upadhyay
Arizona—a southwestern US state—has recently declared Pluto as its ‘official state planet’ despite the ‘dwarf planet’ being stripped of its official status as a planet in 2006 by the International Astronomical Union
This Pluto image was taken in July 2015, when NASA's New Horizons spacecraft was 476,000 miles (768,000 kilometers) from the surface
Arizona--a southwestern US state—has recently declared Pluto as its ‘official state planet’ despite the ‘dwarf planet’ being stripped of its official status as a planet in 2006 by the International Astronomical Union

Last Friday (i.e. March 29), Arizona governor Katie Hobbs signed a legislation declaring the ‘dwarf planet’ as the ‘official state planet’ of the US state, reported The Arizona Daily Star. When quizzed on whether the Pluto is a full-fledged planet? The Arizona governor dodged the question saying “I am proud of Arizona’s pioneering work in space discovery."

It is important to note that Pluto was discovered by American astronomer Clyde Tombaugh at the Lowell Observatory in Flagstaff of Arizona in 1930. Pluto happens to be the only planet to be discovered in the US.

“The whole story of Clyde is just amazing, just sitting there under the telescope’’ looking for planets by taking photos over a period of time," said Arizona state Republican Justin Wilmeth (R-Phoenix), who praised the Pluto legislation.

Senator Sally Ann Gonzales (D-Tucson)--one among the five senators who voted against the legislation--said, “Scientifically, they took it out of being a planet." Gonzales added that lawmakers must take scientific information into account, “something that we as a Legislature, as a body, sometimes omit.’’

What is the status of Pluto?
In 2006, the International Astronomical Union (IAU) voted to remove Pluto from the group of planets, claiming that the icy object at the edge of the solar system failed to meet the full and proper definition of planets. The IAU reclassified Pluto as a “dwarf planet."

According to NASA, “Pluto is a dwarf planet located in a distant region of our solar system beyond Neptune known as the Kuiper Belt. It was long considered our ninth planet, but the International Astronomical Union reclassified Pluto as a dwarf planet in 2006."

“It was named by 11-year-old Venetia Burney of Oxford, England," the US space agency added.

Pluto is classified as a dwarf planet because, “while it is large enough to have become spherical, it is not big enough to exert its orbital dominance and clear the neighbourhood surrounding its orbit," ass per Encyclopedia Britannica.

The website noted that Pluto’s “demolition" felt like a “break from tradition" to many across the globe. It added that the step was, however, “a positive step forward into a new light, new knowledge, and changing perspectives of the universe."

NASA further said, “When Pluto was reclassified in 2006 from a planet to a dwarf planet, there was widespread outrage on behalf of the demoted planet. As the textbooks were updated, the internet spawned memes with Pluto going through a range of emotions, from anger to loneliness. But since the release of New Horizons images showing a very prominent heart-shaped feature on the surface, the sad Pluto meme has given way to a very content, loving Pluto that would like to once again be visited by a spacecraft."

“The Disney cartoon character Pluto, Mickey's faithful dog, made his debut in 1930, the same year Clyde Tombaugh, an astronomer at the Lowell Observatory in Flagstaff, Arizona, discovered the dwarf planet. There is speculation that Walt Disney named the animated dog after the recently discovered planet to capitalize on its popularity, but other accounts are less certain of a direct link," the US space agency added.

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Nifty 50, Sensex hit fresh all-time high; why is Indian stock market gaining today?- Explained

 Nifty 50, Sensex hit fresh all-time high; why is Indian stock market gaining today?- Explained


Stock market today: Indian stock market benchmarks the Sensex and the Nifty 50 hit their fresh all-time highs in intraday trade on Tuesday.

Stock market today: Sensex, Nifty hit their fresh all-time highs on Tuesday.

Stock market today: Indian stock market benchmarks the Sensex and the Nifty 50 hit their fresh all-time highs in intraday trade on Monday, April 1, amid across-the-board buying despite mixed global cues.


The Sensex opened at 73,968.62 against the previous close of 73,651.35 and rose about 0.82 per cent to hit its fresh all-time high of 74,254.62 within the first two hours of trade.


The Nifty 50 opened at 22,455 against the previous close of 22,326.90 and jumped 0.90 per cent to hit its new record high of 22,529.95 in the morning session.

Mid and smallcap segments saw even stronger gains. The BSE Midcap index rose over 1 per cent while the Smallcap index jumped over 2 per cent in the morning session of trade.


The overall market capitalisation of the firms listed on the BSE rose to over ₹392 lakh crore from nearly ₹387 lakh crore in the previous session.


Why is the Indian stock market gaining today?

Experts point out that the undercurrent of the market is positive due to the strong prospects of the Indian economy. Moreover, expectations of rate cuts starting in the coming months are also underpinning market sentiment. Investors are buying Indian stocks after the recent correction as they remain positive about the Indian stock market for the medium to long term.



V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services underscored that the undertone of the market is bullish and there is momentum in the market.


"The market has been showing signs of consolidation but the spurt in Nifty by 322 points on the last 2two trading days indicates that the upward momentum can be sustained," said Vijayakumar.


Vijayakumar highlighted that some mutual funds are reported to have started restricting redemptions from the smallcap schemes due to concerns over frothy valuation in this segment which could result in higher flows of funds into the largecaps. This would lift the large caps.



According to brokerage firm ICICI Direct, the Nifty 50 may continue to trade with a positive bias and immediate support for the index can be near 22,000.


The brokerage firm expects the index to endure its northbound journey and gradually head towards 22,700 in the coming weeks.


"Empirically, in General Election year, the index has a tendency to bottom out in the first quarter of the calendar year, followed by a rally (minimum 14 per cent rally from lows) towards the General Election outcome in each of seven instances over past three decades," said ICICI Direct.


"In the current scenario, we expect the index to maintain the same rhythm as the index has already undergone a corrective phase in the first quarter and formed a higher base. Thereby, setting the stage for the next leg of a bull rally towards 23,400 by the election outcome. In the process, 21,900 would act as immediate support which we expect to hold," said the brokerage firm.


The Sensex and the Nifty 50 witnessed impressive gains of 29 per cent and 25 per cent, respectively, in the last financial year (FY24). Experts are optimistic that these indices could continue to record robust growth in the new financial year, despite ongoing challenges.


Also Read: FY25 Outlook: Can Nifty 50 repeat the feat of FY24? 5 crucial challenges that loom


“Considering the consistent earnings growth and an easing interest rate environment, the Nifty 50 may deliver a healthy double-digit return in the low to mid-teens," Naveen Kulkarni, Chief Investment Officer at Axis Securities PMS, told Mint.


Also Read: Expert view: Nifty 50 may give a double-digit return in FY25: Naveen Kulkarni of Axis Securities PMS


Niraj Kumar, Chief Investment Officer at Future Generali India Life Insurance Company expects FY25 to be driven by sustained corporate earnings growth, policy continuity and a favourable geopolitical landscape and any disappointment on these fronts may have negative ramifications on the market.


Also Read: Expert view: Corporate earnings growth, geopolitical stability key triggers for FY25, says Niraj Kumar


Read all market-related news here


Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.


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GM Breweries skyrockets 12%: board to consider bonus issue, dividend this week

Multibagger Stock: Hi-Tech Pipes climbed 250% in less than two years

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Turkey local elections: Opposition claims big city wins in blow to Erdogan

 Turkey local elections: Opposition claims big city wins in blow to Erdogan

Istanbul Mayor Ekrem Imamoglu hails victory in blow to Turkish president’s standing after two decades in power.

Turkey's Republican People’s Party claimed victory in 36 of Turkey's 81 provinces in local elections, according to state-run Anadolu Agency

Turkey’s main opposition party has claimed victory in Istanbul and Ankara in local elections, inflicting the biggest defeat on President Recep Tayyip Erdogan and his Justice and Development Party (AK Party) in more than two decades.


With more than 95 percent of ballot boxes opened in Istanbul on Sunday, Mayor Ekrem Imamoglu of the Republican People’s Party (CHP) said he had defeated the governing AK Party candidate by more than one million votes.


“Those who do not understand the nation’s message will eventually lose,” Imamoglu, a former businessman, told thousands of supporters late on Sunday.


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🔸Turkey’s opposition in electoral battle to keep hold of major cities


🔸Tonight, 16 million Istanbul citizens sent a message to both our rivals and the president.


In the capital, Ankara, CHP’s Mayor Mansur Yavas claimed victory over his rival, hailing the result as a “clear message to those who rule this country”.


The CHP was also ahead in Izmir, Turkey’s third city.


In total, CHP prevailed in 36 of Turkey’s 81 provinces, state-run Anadolu Agency reported, making inroads into many AK Party strongholds.


Opposition supporters gathered in Istanbul to celebrate the results, with tens of thousands of people lighting torches and waving Turkish flags.


In a speech delivered from the balcony of the presidential palace, Erdogan, who has governed Turkey since 2002, acknowledged that his party had “lost altitude” across the country and said he would self-reflect and rectify any mistakes.


“We will correct our mistakes and redress our shortcomings,” he said.


In previous local elections in 2019, Imamoglu won Istanbul’s mayoral race, dealing Erdogan and the AK Party their biggest electoral blow until that point. That defeat also struck a personal note for Erdogan, who was born and raised in the city and served as its mayor in the 1990s.


Sunday’s local elections represent a new blow to the president who had set his sights on retaking control of those urban areas.


Some 61 million people were eligible to vote for mayors across Turkey’s 81 provinces as well as provincial council members and other local officials on Sunday.


The nationwide local elections were seen by analysts and civilians as a gauge of both Erdogan’s support and the opposition’s durability amid skyrocketing inflation and the crumbling of the Turkish currency against the dollar.


Sinan Ulgen, director of the Istanbul-based Edam think tank, told The Associated Press news agency that “the surprising outcome” was the result of voters wanting to punish the governing party over the state of the economy and described the elections as a “watershed for Imamoglu”.


“He will emerge as the natural candidate of the opposition for the next round of presidential elections,” Ulgen said.

Sunday, March 31, 2024

Garena Free Fire Max: Exclusive Redeem Codes Unveiled For April 1. Here's How To Use

 Garena Free Fire Max: Exclusive Redeem Codes Unveiled For April 1. Here's How To Use


Garena Free Fire Max: Exclusive Redeem Codes Unveiled For April 1. Here's How To Use


The gaming world buzzed with excitement on April 1 as Garena Free Fire Max unveiled a groundbreaking update, breathing new life into the battle royale sensation. This upgrade, building upon the foundation laid by its 2021 predecessor, Garena Free Fire, introduces an innovative way for gamers to enhance their playing experience. Through the distribution of special redeem codes, players now have the opportunity to access a treasure trove of exclusive in-game perks, ranging from top-tier weaponry and valuable diamonds to fashionable outfits for their characters.

The initiative to release redeem codes—comprising a mix of 12 uppercase letters and numbers—aims to further cement the game's relationship with its audience, offering them not just gameplay enhancements but also a pathway to a more personalised and rewarding gaming experience. This move gains particular prominence against the backdrop of the original game's ban in India, which has seen the Free Fire Max variant gain increased attention and favorability.

Gamers eager to capitalise on these promotional offers can do so by navigating to a dedicated redemption website. The platform boasts a collection of exclusive rewards, among them the Rebel Academy Weapon Loot Crate, Revolt Weapon Loot Crate, Diamonds Voucher, and the distinctive Fire Head Hunting Parachute. Players need to act swiftly, as these redeem codes come with a 12-hour expiration window and are limited to the first 500 claimants each day, underscoring the urgency for players aiming to enrich their in-game arsenal with these premium items.

Garena Free Fire Max Redeem Codes For April 1, 2024

P3Q9R5S1T7U2V8

W4X0Y6Z2A8B3C9

X7Y3Z9A5B1C6D2

E8F4G0H6I2J7K3

L9M5N1O7P3Q8R4

S0T6U2V8W4X9Y5

Z1A7B3C9D5E0F6

G2H8I4J0K6L1M7

N3O9P5Q1R7S2T8

D5E1F7G3H9I4J0

K6L2M8N4O0P5Q1

I2J8K4L0M6N1O7

U4V0W6X2Y8Z3A9

B1C7D3E9F5G0H6

How To Redeem Garena Free Fire Max Codes
Here's how to access and redeem the codes:

Access the official Rewards Redeem website for Garena Free Fire Max using Google Chrome or your preferred browser
Sign in to your account via Facebook, X, Google, or VK ID
Copy the codes provided above and paste them into the designated text box
Click on Confirm to proceed. The rewards will be delivered to your in-game mailbox, and gold or diamonds will be automatically added to your account wallet
Upon successful redemption, these codes enable access to a variety of sought-after items directly from the game's vault, further enhancing the gaming experience with options like the Rebel Academy and Revolt Weapon Loot Crates, Diamond Vouchers, and other valuable collectibles.

Saturday, March 30, 2024

Dalal Street Week Ahead: RBI policy, auto sales, global PMI data among 10 key factors to watch

 

Dalal Street Week Ahead: RBI policy, auto sales, global PMI data among 10 key factors to watch


Overall, the first week ahead of the new financial year FY25 is expected to be positive for the market with focus on auto sales data, manufacturing & services PMI numbers, RBI interest rate decision, and expectations for March FY24 quarter earnings, experts said.


The market had a strong close for the truncated week ended on March 28, as the benchmark indices gained 1 percent with participation from most sectors barring IT after consolidation in previous couple of weeks. In fact, the monthly expiry session for March derivative contracts had a good rally, indicating the market may be inching towards a record high soon.

Overall, the first week ahead of the new financial year FY25 is expected to be positive for the market with focus on auto sales data, manufacturing & services PMI numbers, RBI interest rate decision, and expectations for March FY24 quarter earnings, experts said.

The Nifty 50 rallied 230 points to 22,327, and the BSE Sensex jumped 819 points to 73,651, while the broader markets had a better week than benchmarks as the Nifty Midcap 100 and Smallcap 100 indices gained 1.6 percent and 1.4 percent respectively.

Meanwhile, the market performance for the fiscal year 2023-24 was quite strong with the Nifty 50 surging 28.6 percent, and the Nifty Midcap 100 index up 60 percent & Smallcap up 70 percent.

"Overall, we expect the market to continue its positive momentum with a focus on large-cap. With the start of the election in April, we believe government-centric stocks to be in focus. Auto stocks are likely to be in the limelight next week amid the release of monthly auto sales numbers," Siddhartha Khemka, head - retail research at Motilal Oswal Financial Services said.

Tuesday, March 26, 2024

Trump's deadline to pay $464m bond in fraud case just hours away

 

Trump's deadline to pay $464m bond in fraud case just hours away

Donald Trump has just a few hours left to prevent the seizure of his assets in a business fraud case that threatens his fabled property empire.

A deadline for him to put up the $464m (£365m) penalty for inflating his net worth is due to expire on Monday.

If he fails to either secure a bond or delay the process in court, the authorities in New York can freeze his bank accounts or target his properties.

A separate legal threat to the former president also takes shape later.

He may be given a date for his first criminal trial at a hearing in New York in the so-called hush money case involving adult film star Stormy Daniels.

Mr Trump is expected to attend in person to hear his lawyers argue the case should be dismissed due to the recent disclosure of thousands of documents about a key witness.

In the fraud case, he may yet receive a lifeline from a New York appeals court which is considering his application for a stay on the judgement.

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Last week his lawyers said he had been unable to cover the penalty despite approaching numerous financial companies to provide a bond.

To secure a bond, an individual has to demonstrate to the company providing the guarantee that they have enough liquidity, usually in the form of cash or stocks.

If Mr Trump secured a bond on Monday it would protect his assets while he continues his appeal.

However, if he fails to do so, his bank accounts could be immediately frozen.

New York Attorney General Letitia James would just need to send restraining notices to his banks and brokerage firms.

"That's easy and quick," Randy Zelin, an adjunct law professor from Cornell Law School, told the BBC. "As soon as the bank gets that restraining notice they will shut those accounts down."

The next step would be a turnover notice signed by a judge sent to the banks and brokerage firms, at which point they hand over the money.

The time between the two notices would depend on how fast the prosecutor's office wants to work, said Mr Zelin. It could be just a few days.


Mr Trump could yet find the money through other means. On Friday he claimed on social media that he possessed almost $500m in cash.

A New York judge ordered him to pay the penalty for falsely inflating his assets to secure better loans. His sons were also order to pay financial penalties.

Ms James gave a 30-day grace period from the ruling to give Mr Trump time to find the money. That expires on Monday.

She has previously said she is prepared to take Mr Trump's assets if he does not pay on time.

The glitzy New York buildings that Trump could lose
The many lives of Trump Tower
She recently filed the fraud judgement with clerks in Westchester County, an indication she might try to take property in New York City's northern suburbs.

Mr Trump owns Seven Springs, a golf course and 212-acre estate, in that area.

Also at risk are Mr Trump's prized New York properties, including the 58-floor Trump Tower, and even his assets in Florida, including his Mar-a-Lago club.

According to a Forbes estimate, Mr Trump is worth about $2.6bn. He testified last year that he had $400m in liquid assets.

The $464m judgement is not his only expense. He was ordered to pay $83m in January after losing a defamation case to E Jean Carroll, a woman he was found to have sexually abused. He has already posted a bond in that case.

He is the first former president in US history to be criminally charged and faces dozens of charges across four separate cases.