Foreign News
Trump ordered to pay $355m to New York for lying to banks
Former President Donald Trump must pay nearly $355m (£281m) to New York state for lying about the values of his properties, a judge has ruled.
Judge Arthur Engoron also banned him from serving as a company director or taking out loans from banks in the state for three years.
The New York real estate mogul escaped having some of his companies dissolved, which could have meant bankruptcy.
Speaking from his Florida estate, Mr Trump said he would appeal the ruling. “A crooked New York state judge just ruled I have to pay a fine for $355m for having built a perfect company,” the former president said from Mar-a-Lago on Friday, calling the ruling a political witch hunt. “It’s a very sad day for – in my opinion – the country.”
In the ruling on Friday, Judge Engoron referred to previous allegations of wrongdoing in justifying the large amounts he ordered the defendants to pay, writing that they “are likely to continue their fraudulent ways” unless he imposed a “significant” penalty.
He made specific reference to the Trump Organization’s conviction in a criminal tax fraud case in 2022, where a jury found it had enriched its top executives with off-the books benefits for more than a decade. “Their complete lack of contrition and remorse borders on pathological,” Judge Engoron wrote in an at times scathing 92-page decision.
Later he said: “The frauds found here leap off the page and shock the conscience.”
Still, Mr Trump’s empire was spared from one of the worst potential outcomes – the cancellation of its business licences, known as the corporate death penalty.
Instead, the judge ordered two tiers of oversight – an independent monitor to report to the court for up to three years and a separate independent director of compliance to be installed.
The judge is also requiring Mr Trump pay interest on the profits he made by committing the fraud (known as “prejudgment interest”), which could bring the final amount penalty total to around $450m.
Along with what Mr Trump has been ordered to pay, his two adult sons and co-defendants, Donald Jr and Eric, must each pay $4m. They are barred for two years from doing business in New York, while another co-defendant, Allen Weisselberg, the former chief financial officer of the Trump Organization, has been ordered to pay $1m.
Additionally, Mr Trump, his company, and its affiliates cannot apply for loans in New York for three years.
Both of Mr Trump’s sons denounced the ruling on social media, with Donald Jr claiming the judgment was politically motivated and Eric calling the judge “a cruel man”.
In her civil case, New York Attorney General Letitia James, a Democrat, had accused all four defendants and the wider Trump Organization of massively inflating property values and lying on financial statements so they could borrow large sums of money at favourable interest rates. She had asked for a fine of $370m.
Speaking on Friday, she said: “There cannot be different rules for different people in this country, and former presidents are no exception. Donald Trump may have authored the art of the deal, but he perfected the art of the steal,” she told a news conference.
(BBC)
Foreign News
Trump announces Russian diesel deal amid soaring US fuel prices
United States President Donald Trump said that Russia has agreed to supply 300,000 tonnes of diesel fuel to global markets amid discussions with Russian President Vladimir Putin.
“I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter,” Trump said in a post on his Truth Social platform.
The president added that Russia would deliver an additional 3 million tonnes of fuel “within a short period of time”. He said that the country would supply 500,000 tonnes in November.
An envoy for Russian President Vladimir Putin, Kirill Dmitriev, praised cooperation between Russia and the United States on diesel and energy in a post on X shortly after.
“Russia-US cooperation on diesel and energy will benefit the world,” Dmitriev wrote on X.
Petrol price pressures
The deal comes despite Ukrainian air strikes, which have taken more than half of the country’s oil refining capacity offline, according to claims made by Ukraine’s Ministry of Defence on Sunday.
The latest announcement comes a week after the G7 countries agreed to release 100 million barrels amid pressure from the White House.
Diesel prices have been elevated in recent months but have started to decline. The average price for a gallon is $6.27 ($1.66 per litre), according to the American Automobile Association (AAA), which tracks daily petrol prices. That’s down $0.10 from this time last week, but up $5.94 from this time one month ago.
[Aljazeera]
Foreign News
Trump says US will not strike Iran before midterm elections
United States President Donald Trump has said the US will not attack Iran before the November 3 midterm elections.
The US president said late on Thursday: “we are having productive discussions with the Islamic Republic of Iran,” in a post on Truth Social. “We will not be attacking Iran at any time prior to the midterm elections to be held in the United States on November 3rd.”
Oil prices fell early on Friday as Middle East supply concerns eased somewhat after tensions in the energy-rich Gulf region had mounted in recent weeks.
The possibility of renewed fighting had appeared to drive up oil prices in trading on Thursday. Some analysts believe Trump’s comments were an attempt to try and bring prices back down.
Iran’s Foreign Minister Abbas Araghchi said Tehran is reviewing the US response to its seven day plan to reopen the Strait of Hormuz, and that Iran will respond within the “next few days”.
He added that negotiations are continuing through mediators, Iran’s Tasnim news agency reported.
Iranian media reported “massive explosions” in the southern Strait of Hormuz on Friday, with Fars citing unnamed military sources as saying tankers using “unauthorised” routes may have struck sea mines.
On Tuesday, US Vice President JD Vance said Iran must make a “meaningful” reduction in its uranium enrichment capacity as part of an agreement to end the war. Experts say this demand may signal a softening of Washington’s earlier insistence that Tehran abandon enrichment altogether.
On Monday, Iranian President Masoud Pezeshkian said negotiations with Washington were “futile”, accusing the US of using negotiations to attack Iran.
Russian President Vladimir Putin told Pezeshkian that Russia will “do everything” to help end the US-led war on Iran, Russian news agencies reported on Thursday.
[Aljazeera]
Foreign News
Debris found from plane that went missing off US coast
US authorities have found debris from a medical transport aircraft that went missing with six people on board.
The Federal Aviation Administration told the BBC it had lost contact with the Gulfstream G-100 plane just after 01:00 local time (05:00 GMT) on Saturday, while it was travelling from Bermuda to Boston, Massachusetts.
The search for survivors continues off the coast of Nantucket, a Massachusetts island, the US Coast Guard said.
Authorities have notified the next of kin of those on the flight, four Canadian nationals and two Bermudian nationals.
“Search crews located a debris field confirmed to be from the aircraft off the coast of Nantucket,” the US Coast Guard said in an update on Saturday night. It added that ships, helicopters and planes were involved in searches that would through continue the night.
The plane departed from Bermuda’s L.F. Wade International Airport at 23:40 local time, according to flight data from FlightAware, and was due to land at Boston’s Logan International at 01:30 EDT (05:30 GMT).
According to the tail number released by the Coast Guard, the plane belonged to Latitude Air Ambulances, a company that provides international medical flights for patients returning home.
Among those on board were two pilots and two medical staff, both Canadian, Clarence Togeretz, director of flight operations at Latitude, told CBC News.
The crew flew to Bermuda to collect a patient and their relative, who are not Canadian, Togeretz said.
FlightAware’s tracker shows the aircraft significantly dropped in altitude before its communications went dark, plummeting from around 7,300m (24,000ft) to 3,300m (11,000ft).
Radio transmissions shows trouble with communications between the air traffic controller and the pilot, the Boston Globe reported based on transmissions provided by LiveATC.net.
“You’re coming in blind? Is that what you said?,” the air traffic controller asked. “Are you declaring an emergency, or no?”
The pilot’s response was inaudible.
“You’re coming in a little weak so I didn’t hear what your response was, if you were declaring an emergency or not,” the air traffic controller said, according to the Globe.
The air traffic controller later confirmed the pilot had declared an emergency.
An area fire dispatcher asked emergency crews just after 01:00 EDT to prepare to meet a plane with an “electrical issue”.
The dispatcher later said “the aircraft has lost radio and radar”.
The Coast Guard said it would provide an update on Sunday morning local time.
[BBC]
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