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Trump ordered to pay $355m to New York for lying to banks

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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)



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Second lady Usha Vance announces she is pregnant with fourth child

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Usha Vance, the wife of Vice-President JD Vance, has announced she is pregnant with her fourth child.

In a post on X, the second lady said she is looking forward to welcoming a boy in late July.

“Usha and the baby are doing well,” a statement posted on Tuesday to the second lady’s social media account read.

Vance and his wife, Usha, 40, have three young children: Ewan, Vivek and Mirabel.

Usha Vance (née Chilukuri) was born and raised in the working-class suburbs of San Diego, California, to a mechanical engineer father and a molecular biologist mother who had moved to the US from Andhra Pradesh, India.

She met JD Vance as a student at Yale Law School in 2010, when they joined a discussion group on “social decline in white America”.

Before becoming second lady, Usha Vance had a legal career, including a job as a corporate litigator at firm Munger, Tolles & Olson in San Francisco. She also worked for conservative judges, Chief Justice John Roberts on the Supreme Court and appeals court judge Brett Kavanaugh, before he was appointed by Trump to the Supreme Court.

Usha Vance is the first to have a baby as second lady, though other first ladies have had children while their husbands were in office.

First lady Frances Cleveland, wife of President Grover Cleveland, gave birth to daughter Esther in the White House in 1893, followed by a second child, Marion, who was born outside the White House.

JD Vance has been one of the most vocal members of the Trump administration in calling for higher birth rates in the US.

“Let me say very simply: I want more babies in the United States of America,” he said in 2025.

(BBC)

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Italian fashion designer Valentino dies aged 93

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Gwyneth Paltrow and Valentino Garavani pose at the West Coast premiere of the documentary Valentino: The Last Emperor in 2009 (BBC)

Italian fashion designer Valentino Garavani, known as Valentino, has died at the age of 93.

One of the giants of 20th Century fashion, Valentino’s creations were worn by celebrities and well-known figures including Elizabeth Taylor, Nancy Reagan, Sharon Stone, Julia Roberts and Gwyneth Paltrow.

He co-founded the Valentino fashion house in 1960 and ranked alongside Giorgio Armani and Karl Lagerfeld at the top of the profession.

In a statement posted on Instagram, the Valentino Garavani and Giancarlo Giammetti Foundation said: “He passed away peacefully in his Roman home, surrounded by the love of his family.”

The foundation said Valentino will be lying in state at Rome’s Piazza Mignanelli between 21 and 22 January.

Valentino’s funeral service will be held the following day at the Basilica of Saint Mary of the Angels and Martyrs, the foundation said.

Born in Lombardy in May 1932, Valentino was known for his collections that displayed luxury, wealth and opulence.

He moved to Paris to study at the ​​Chambre Syndicale de la Couture Parisienne when he was just 17, and went on to work with designers Jacques Fath, Balenciaga, Jean Dessès and Guy Laroche.

His adoption of his signature colour “Valentino red”, inspired by a trip to Spain, helped elevate the brand to global fame with the debut of the iconic fiesta dress.

It became so meaningful for the house that for Valentino’s last collection in 2008 all the models wore red dresses for the finale.

Valentino designed the wedding dress of Princess Madeleine of Sweden when she married British-American financier Christopher O’Neill in June 2013.

In December 2023, he was honoured with the outstanding achievement award at the British Fashion Awards which were held at London’s Royal Albert Hall.

AFP via Getty Images English model and actress Elizabeth Hurley with Italian fashion designer Valentino Garavani at the Four Seasons Restaurant, New York City, circa 1997
Valentino pictured with English model and actress Elizabeth Hurley at a New York restaurant in 1997 (BBC)

(BBC)

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At least six killed in Pakistan as fire rips through Karachi shopping mall

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Firefighters douse a fire at a shopping mall in Karachi, Pakistan, on January 18, 2026 [Aljazeera]

At least six people have been killed and about 20 injured when a fire tore through a shopping mall in Karachi, Pakistani officials say, as firefighters try to bring the blaze under control.

The fire broke out on Saturday at the Gul Plaza shopping mall, a densely packed commercial complex, and continued to burn for hours. By early Sunday, authorities said crews had managed to control about 30 percent of the fire.

South Deputy Inspector General Syed Asad Raza told the Dawn newspaper that the death toll had risen from an initial three to five. The Edhi Foundation, a medical complex, later confirmed a sixth death in a statement.

Rescue officials said the mall contains roughly 1,200 shops, raising fears that people could still be trapped inside. The Edhi Foundation said part of the building collapsed due to the intensity of the fire, complicating rescue efforts.

Garden subdivision police officer Mohsin Raza said initial findings suggested the fire started due to a short circuit in one of the shops before rapidly spreading throughout the complex.

He said the exact cause must be determined through a detailed investigation and warned that the structure needs to be secured to prevent further damage.

President Asif Ali Zardari and Prime Minister Shehbaz Sharif expressed condolences over the loss of life.

In a statement carried by PTV, Sharif ordered authorities to take “all possible measures” to protect lives and property, provide assistance to affected traders and ensure medical care for the injured.

Zardari urged the government of Sindh province, whose capital is Karachi, to offer “immediate and every possible assistance” and said: “No stone should be left unturned in providing the best medical facilities to the injured.”

Firefighters douse a fire that broke out at a shopping mall in Karachi on January 18, 2026. (Photo by Rizwan TABASSUM / AFP)
An initial investigation indicates a short circuit started the fire [Aljazeera]

[Aljazeera]

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