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US lawmakers mull calling for charges against 'unfit' Trump

Lawmakers probing last year’s deadly assault on the US Capitol held a final public meeting Monday that is expected to end in a vote on whether to recommend criminal charges against former president Donald Trump.

The decision will be the culmination of an 18-month probe by a House of Representatives select committee that interviewed more than 1,000 witnesses and held explosive public hearings on the storming of Congress on January 6, 2021.

At least five people died after a mob whipped up by Trump’s false claims of a stolen election, and directed to march on Congress by the defeated president, ransacked the seat of US democracy in a thwarted bid to prevent the transfer of power to President Joe Biden.

The committee is expected to urge the Justice Department to pursue Trump on at least three charges related to the violence — inciting an insurrection, obstructing an official proceeding and conspiring to defraud the United States.

Vice-chair Liz Cheney accused Trump of “a clear dereliction of duty” in failing to immediately attempt to stop the riot and called him “unfit for any office.” 

“No man who would behave that way at that moment in time can ever serve in any position of authority in our nation again,” she said.

The referrals would be largely symbolic, as the panel has no control over charging decisions, which rest with the Justice Department.

Jack Smith, a largely independent special prosecutor appointed by Attorney General Merrick Garland, is leading his own investigation into Trump related to the 2020 election.

But the lawmakers’ move would nevertheless be historic, as Congress has never made a criminal referral against a sitting or former president. 

It would also be a major blow to Trump amid a series of missteps in the weeks since he announced a comeback bid for the White House.

Charges could result in a ban from public office for the 76-year-old tycoon, who still wields considerable power in the Republican Party, and even prison time.

“To cast a vote in the United States is an act of faith and hope,” committee chairman Bennie Thompson said.

“That faith in our system is the foundation of American democracy. If the faith is broken, so is our democracy. Donald Trump broke that faith.”

– ‘Congress cannot remain silent’ –

The seven Democratic and two Republican panel members are winding down their work before the end of the year, and have compiled their findings into an eight-chapter report set to be released on Wednesday. 

The executive summary is expected to be issued Monday.

The committee maintains that Trump “oversaw and coordinated a sophisticated seven-part plan to overturn the presidential election and prevent the transfer of presidential power.”

Investigators say the plot began with Trump’s campaign to spread allegations he knew were false that the election was marred by widespread fraud.

He is accused of trying to corrupt the Justice Department and of pressuring his vice president Mike Pence, as well as state election officials and legislators, to overturn the vote by violating the Constitution and the law.

Trump is also accused of summoning and assembling the mob in Washington, and directing it toward the Capitol despite knowing it was armed with assault rifles, handguns and numerous other weapons. 

And he ignored pleas from his team to take action to stop the violence, lawmakers say.

The committee’s case was bolstered by a federal judge in California who found it “more likely than not that President Trump corruptly attempted to obstruct the Joint Session of Congress on January 6.” 

Lawmakers are also mulling criminal referrals of other figures in Trump’s inner circle, including lawyer John Eastman, one of the architects of the defeated president’s bid to cling to power.

“We’re focused on key players… where there is sufficient evidence or abundant evidence that they committed crimes,” committee member Jamie Raskin told reporters last week.

“And we’re focused on crimes that go right to the heart of the constitutional order such that the Congress cannot remain silent.”

Authorities say some 140 officers were assaulted during the riot. Around 900 people have been arrested on suspicion of taking part in the attack and more than 800 have been charged with crimes ranging from trespass and assaulting police to seditious conspiracy.

Trump has repeatedly disparaged the House panel on his own Truth Social platform, calling the members “Democrats, misfits and thugs.”

Sedition trial of Proud Boys begins for US Capitol attack

Jury selection began on Monday in the trial of five members of the right-wing extremist group the Proud Boys charged with sedition in connection with last year’s assault on the US Capitol.

Proud Boys leader Enrique Tarrio and the other defendants are accused of trying to stop the January 6, 2021 certification by Congress of Democrat Joe Biden’s presidential election victory over Donald Trump.

Tarrio, the former “national chairman” of the Proud Boys, was not in Washington on January 6 but is alleged to have directed the storming of the Capitol by members of the neofascist organization.

Four of his lieutenants — Dominic Pezzola, Joseph Biggs, Ethan Nordean and Zachary Rehl — are accused of directly taking part in the assault on Congress.

In widely-viewed video footage, Pezzola can be seen using a riot shield stolen from police to break a window at the Capitol.

Tarrio was arrested in Miami in March and also faces charges along with the others of conspiracy to obstruct an official proceeding, obstruction of law enforcement and destruction of government property.

More than 900 people have been arrested in connection with the storming of Congress by Trump supporters, but only a handful have been charged with seditious conspiracy, which carries a sentence of up to 20 years in prison.

Two leaders of another far-right group, the Oath Keepers, were found guilty of seditious conspiracy last month, including the founder, Stewart Rhodes.

The 12-person jury acquitted three other members of the Oath Keepers who faced the sedition charge, but it convicted them of lesser offenses such as obstructing an official proceeding.

According to Tarrio’s indictment, he met with Rhodes on January 5 in an underground parking garage in Washington and was in contact with members of the Proud Boys who breached the Capitol.

The Proud Boys trial, which is expected to last several weeks, is being held at the same federal courthouse in Washington where the members of the Oath Keepers went on trial. 

The assault on Congress left at least five people dead and 140 police officers injured and followed a fiery speech by Trump to thousands of his supporters near the White House.

Trump was impeached for a historic second time by the House after the Capitol riot — he was charged with inciting an insurrection — but was acquitted by the Senate.

Attorney General Merrick Garland named a special counsel this month to oversee the investigation into Trump’s own efforts to overturn the election result and the attack on Congress.

A House committee which has been investigating the Capitol riot is expected to recommend on Monday that the Justice Department pursue criminal charges against Trump.

Amber Heard settles defamation case with ex Johnny Depp

Actress Amber Heard announced Monday that she had made the “very difficult” decision to settle the multimillion dollar defamation case brought by her former husband Johnny Depp.

Heard, in a post on Instagram, did not reveal the terms of the settlement, which comes after a Virginia jury ordered her to pay $10 million to the “Pirates of the Caribbean” star.

The entertainment website TMZ, citing sources with direct knowledge, said the settlement calls for the 36-year-old Heard to pay $1 million to her 59-year-old former husband.

Heard, who had a starring role in the movie “Aquaman,” said she was dropping her appeal of the damages awarded by the jury and settling the case because she “simply cannot go through” another trial.

“After a great deal of deliberation I have made a very difficult decision to settle the defamation case,” she said.

“I make this decision having lost faith in the American legal system, where my unprotected testimony served as entertainment and social media fodder,” she said.

“Now I finally have an opportunity to emancipate myself from something I attempted to leave over six years ago and on terms I can agree to,” she said. “I have made no admission. This is not an act of concession.”

The jury found Depp and Heard liable for defamation — but sided more strongly with the “Pirates” star following an intense six-week trial riding on bitterly contested allegations of domestic abuse.

The jury awarded $10.35 million in damages to Depp.

Heard, who had countersued, was awarded $2 million.

– ‘Defended my truth’ –

Depp sued Heard over an op-ed she wrote for The Washington Post in December 2018 in which she described herself as a “public figure representing domestic abuse.”

The Texas-born Heard did not name Depp in the piece, but he sued her for implying he was a domestic abuser and sought $50 million in damages.

Heard countersued for $100 million, saying she was defamed by statements made by Depp’s lawyer, Adam Waldman, who told the Daily Mail her abuse claims were a “hoax.”

The case, live streamed to millions, featured lurid and intimate details about the Hollywood celebrities’ private lives.

Heard’s lawyers said following the trial that the actress did not have the resources to pay Depp the $10 million in damages.

In her Instagram post, Heard said she “defended my truth and in doing so my life as I knew it was destroyed.

“The vilification I have faced on social media is an amplified version of the ways in which women are revictimised when they come forward,” she said.

“I was exposed to a type of humiliation that I simply cannot relive.

“Even if my US appeal is successful, the best outcome would be a retrial where a new jury would have to consider the evidence again,” she said. “I simply cannot go through that for a third time.”

EU reaches gas price cap agreement at 180 euros/MWh

EU energy ministers on Monday overcame months of wrangling to agree a price cap for natural gas in the bloc of 180 euros per megawatt hour, effective from mid-February.

“It wasn’t an easy thing to achieve,” Maltese Energy Minister Miriam Dalli said.

The agreement, set out in a European Council statement, unlocks other pre-agreed measures to mitigate an energy crunch Europe is facing as a consequence of Russia’s war in Ukraine. 

They include joint gas purchases, a future new benchmark for pricing gas, and speedier authorisations for renewable energy sources.

It took four months for the 27 EU member states to overcome divisions on the issue.

One camp wanted to urgently bring down gas prices sent soaring by Russia’s war in Ukraine by limiting how high the price for gas used in electricity generation could go. 

The other, led by heavyweight Germany, was leery of a too-easily-triggered price cap that could scare off liquified natural gas (LNG) supplies to more lucrative markets in Asia.

In the end, Germany voted in favour of the 180-euro price cap, which was sharply lower than a 275-euro limit initially proposed by the European Commission.

Tough conditions the commission had suggested for triggering the price cap were significantly eased, but strings were still attached.

The EU document said the price cap regime — in force from February 15 — would require the 180-euro limit to be breached for three consecutive days, instead of the two-week period initially suggested by the commission.

It would also require the month-ahead price for gas in Europe to be at least 35 euros more than that paid for LNG on global markets.

Europe’s benchmark price for natural gas delivered via pipeline was trading at just under 112 euros per megawatt hour on Monday. It briefly soared to nearly 340 euros per megawatt hour over the summer.

“We have managed to reach a very important agreement on the price ceiling for gas,” said Czech Industry Minister Jozef Sikela, who chaired the meeting under his country’s EU presidency.

“Europe will thus have a package of measures to help it prepare for next winter and protect citizens and businesses from extreme price volatility.”

It was “not easy to understand its ultimate impact, given all the safeguards included,” tweeted Simone Tagliapietra, an expert at the Bruegel think tank in Brussels who analyses EU energy issues.

“This is no silver bullet,” he warned, saying EU countries still needed to cut back on public and business demand for gas-powered energy, and to focus more on transitioning to greener sources.

France’s energy minister, Agnes Pannier-Runacher, said that, with the price cap agreed, attention must now turn to a longer-term reform of the EU’s energy market, notably unhitching the price of gas from that of electricity.

Twitter users vote to oust Elon Musk as CEO

Twitter users voted on Monday to oust controversial owner Elon Musk as CEO in an unscientific poll he organized and promised to honor, just weeks after he took charge of the social media giant.

A total of 57.5 percent of more than 17 million accounts voted for him to step down. Musk, who is also the boss of car maker Tesla and rocket firm SpaceX, has not yet responded.

Musk has fully owned Twitter since October 27 and has repeatedly courted controversy as CEO, sacking half of its staff, readmitting far-right figures to the platform, banning journalists and trying to charge for previously free services.

Analysts have also pointed out that the stock price of Tesla has slumped by one-third since the Twitter takeover and the share price briefly rallied by 3.3 percent on Monday before fading.

“It’s hard to ignore the numbers since [Twitter] deal closed,” tweeted investment expert Gary Black, saying he reckoned Tesla’s board was putting pressure on Musk to quit his Twitter role.

In discussions with users after posting his latest poll, Musk claimed he had no successor in mind and renewed his warnings that the platform could be heading for bankruptcy.

– Dorsey bemused –

The unpredictable billionaire posted the poll shortly after trying to extricate himself from yet another controversy.

On Sunday, Twitter users were told they would no longer be able to promote content from other social media sites.

But Musk seemed to reverse course a few hours later, writing that the policy would be limited to “suspending accounts only when that account’s *primary* purpose is promotion of competitors.”

“Going forward, there will be a vote for major policy changes. My apologies. Won’t happen again,” he tweeted.

The attempted ban had prompted howls of disapproval and even bemused Twitter cofounder Jack Dorsey, who had backed Musk’s takeover.

He questioned the new policy with a one-word tweet: “Why?”

– ‘Perfect storm’ –

Musk has generated a series of controversies in his short reign.

Analyst Dan Ives from Wedbush called his tenure a “perfect storm.” 

He flagged that “advertisers have run for the hills and left Twitter squarely in the red ink potentially on track to lose roughly $4 billion per year we estimate.”

Shortly after taking over the platform, Musk announced the site would charge $8 a month to verify account holders’ identities, but had to suspend the “Twitter Blue” plan after an embarrassing rash of fake accounts. It has since been relaunched.

On November 4, with Musk saying the company was losing $4 million a day, Twitter laid off half of its 7,500-strong staff.

Musk also reinstated the account of Donald Trump — though the former US president indicated he had no interest in the platform — and said Twitter would no longer work to combat Covid-19 disinformation.

In recent days, he suspended the accounts of several journalists after complaining some had published details about the movements of his private jet, which he claimed could endanger his family.

Employees of CNN, The New York Times and The Washington Post were among those affected in a move that drew sharp criticism, including from the European Union and the United Nations.

The Washington Post’s executive editor Sally Buzbee said the suspension of journalist Taylor Lorenz’s account “further undermines Elon Musk’s claim that he intends to run Twitter as a platform dedicated to free speech.”

Some of the suspended accounts have since been reactivated.

Twitter users vote to oust Elon Musk as CEO

Twitter users voted on Monday to oust controversial owner Elon Musk as CEO in an unscientific poll he organized and promised to honor, just weeks after he took charge of the social media giant.

A total of 57.5 percent of more than 17 million accounts voted for him to step down. Musk, who is also the boss of car maker Tesla and rocket firm SpaceX, has not yet responded.

Musk has fully owned Twitter since October 27 and has repeatedly courted controversy as CEO, sacking half of its staff, readmitting far-right figures to the platform, banning journalists and trying to charge for previously free services.

Analysts have also pointed out that the stock price of Tesla has slumped by one-third since the Twitter takeover and the share price briefly rallied by 3.3 percent on Monday before fading.

“It’s hard to ignore the numbers since [Twitter] deal closed,” tweeted investment expert Gary Black, saying he reckoned Tesla’s board was putting pressure on Musk to quit his Twitter role.

In discussions with users after posting his latest poll, Musk claimed he had no successor in mind and renewed his warnings that the platform could be heading for bankruptcy.

– Dorsey bemused –

The unpredictable billionaire posted the poll shortly after trying to extricate himself from yet another controversy.

On Sunday, Twitter users were told they would no longer be able to promote content from other social media sites.

But Musk seemed to reverse course a few hours later, writing that the policy would be limited to “suspending accounts only when that account’s *primary* purpose is promotion of competitors.”

“Going forward, there will be a vote for major policy changes. My apologies. Won’t happen again,” he tweeted.

The attempted ban had prompted howls of disapproval and even bemused Twitter cofounder Jack Dorsey, who had backed Musk’s takeover.

He questioned the new policy with a one-word tweet: “Why?”

– ‘Perfect storm’ –

Musk has generated a series of controversies in his short reign.

Analyst Dan Ives from Wedbush called his tenure a “perfect storm.” 

He flagged that “advertisers have run for the hills and left Twitter squarely in the red ink potentially on track to lose roughly $4 billion per year we estimate.”

Shortly after taking over the platform, Musk announced the site would charge $8 a month to verify account holders’ identities, but had to suspend the “Twitter Blue” plan after an embarrassing rash of fake accounts. It has since been relaunched.

On November 4, with Musk saying the company was losing $4 million a day, Twitter laid off half of its 7,500-strong staff.

Musk also reinstated the account of Donald Trump — though the former US president indicated he had no interest in the platform — and said Twitter would no longer work to combat Covid-19 disinformation.

In recent days, he suspended the accounts of several journalists after complaining some had published details about the movements of his private jet, which he claimed could endanger his family.

Employees of CNN, The New York Times and The Washington Post were among those affected in a move that drew sharp criticism, including from the European Union and the United Nations.

The Washington Post’s executive editor Sally Buzbee said the suspension of journalist Taylor Lorenz’s account “further undermines Elon Musk’s claim that he intends to run Twitter as a platform dedicated to free speech.”

Some of the suspended accounts have since been reactivated.

European stocks attempt pre-Christmas rebound

European equities rose Monday in light pre-Christmas trade, rebounding gently from last week’s losses that followed bumper interest rate hikes, but Wall Street and Asian markets failed to get into the festive spirit.

Equity markets often experience a so-called Santa rally, when prices rise during thin year-end trading dominated by small investors in a festive mood.

“Everyone, it seems, is waiting to see if Santa is going to come around, which leaves the market stuck between feelings of hope and angst,” said market analyst Patrick O’Hare at Briefing.com.

“Accordingly, there isn’t much happening at the broad market level this morning,” he added.

The blue-chip Dow edged lower in late morning trading, while the broader S&P 500 and tech-heavy Nasdaq Composite showed deeper losses.

Michael Hewson at CMC Markets said that most investors are likely “content to sit on the side-lines with the main focus likely to be on this week’s core PCE inflation data and personal spending numbers for November which are due on Friday.”

Meanwhile in Europe, stocks moved timidly higher.

Both Frankfurt and London rose 0.4 percent, while Paris added 0.3 percent.

“Markets are grinding higher as some traders are optimistic about valuations which seem to them somewhat attractive,” AvaTrade analyst Naeem Aslam told AFP.

“We really don’t have much volume in markets as traders are away for holidays,” he added.

“Overall I think it’s going to be pretty subdued trading, given the lack of significant data to react to,” noted analyst Susannah Streeter at stockbroker Hargreaves Lansdown.

Asian indices, however, fell on lingering concern over a possible global recession caused by moves to fight inflation from top central banks.

Equities took a turn south last week after monetary policymakers around the world signalled that while price rises appeared to be stabilising, more work would be needed to get them under control.

All three main indexes on Wall Street ended sharply lower Friday after the Federal Reserve warned it would continue tightening monetary policy into 2023.

That was followed by similar warnings from the European Central Bank and Bank of England, while data suggested economies were feeling the pinch, dealing a blow to sentiment heading into the Christmas break.

“With no shortage of economic headwinds, investors struggle to find something cheerful about this holiday week after the two most dominant central banks cast a pall over the proceedings,” said SPI Asset Management’s Stephen Innes.

The US sell-off fed through to Asia, where Tokyo shed more than one percent, while Hong Kong, Shanghai, Taipei, Manila, Bangkok, Jakarta and Wellington were in negative territory, but Singapore and Mumbai edged up.

Adding to the downbeat mood was a spike in Covid-19 cases in China following the country’s reopening after almost three years of strict containment measures.

While the move is expected to boost the world’s number two economy, there is a worry that businesses and China’s health system will be hit in the near term.

Still, Beijing flagged a number of measures aimed at kickstarting growth next year, including support for the beleaguered property sector.

An expected pick-up in Chinese demand helped propel oil prices higher, as did plans by the United States to refill its strategic oil reserves.

– Key figures around 1630 GMT –

New York – Dow: DOWN less than 0.1 percent at 32,897.24 points

EURO STOXX 50: UP 0.2 percent at 3,811.24

London – FTSE 100: UP 0.4 percent at 7,361.31 (close)

Frankfurt – DAX: UP 0.4 percent at 13,942.87 (close)

Paris – CAC 40: UP 0.3 percent at 6,473.29 (close)

Tokyo – Nikkei 225: DOWN 1.1 percent at 27,237.64 (close)

Hong Kong – Hang Seng Index: DOWN 0.5 percent at 19,352.81 (close)

Shanghai – Composite: DOWN 1.9 percent at 3,107.11 (close)

Euro/dollar: UP at $1.0614 from $1.0586 on Friday

Pound/dollar: UP at $1.2174 from $1.2148

Euro/pound: UP at 87.19 pence from 87.14 pence

Dollar/yen: UP at 136.98 yen from 136.60 yen

West Texas Intermediate: UP 1.6 percent at $75.47 per barrel

Brent North Sea crude: UP 1.2 percent at $79.95 per barrel

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Amber Heard settles defamation case with ex Johnny Depp

Actress Amber Heard announced Monday that she had made the “very difficult” decision to settle the multimillion dollar defamation case brought against her by her former husband Johnny Depp.

Heard, in a post on Instagram, did not reveal the terms of the settlement, which comes after a Virginia jury ordered her to pay $10 million to the “Pirates of the Caribbean” star.

Heard said she was dropping her appeal of the damages awarded by the jury and settling the case because she “simply cannot go through” another trial.

“I make this decision having lost faith in the American legal system, where my unprotected testimony served as entertainment and social media fodder,” she said.

“Now I finally have an opportunity to emancipate myself from something I attempted to leave over six years ago and on terms I can agree to,” Heard said.

The jury found Depp and Heard liable for defamation — but sided more strongly with the “Pirates” star following an intense six-week trial riding on bitterly contested allegations of domestic abuse.

The jury awarded $10 million in damages to Depp after finding that a 2018 newspaper article penned by Heard on her experience of “sexual violence” was defamatory.

Heard, who had countersued, was awarded $2 million.

The case, live streamed to millions, featured lurid and intimate details about the Hollywood celebrities’ private lives.

Tesco faces UK lawsuit over forced labour in Thailand

Tesco is facing a UK lawsuit brought by Burmese migrants in Thailand, who claim that one of the supermarket giant’s former clothing suppliers used their forced labour, lawyers said on Monday.

“Burmese migrants were made to work up to 99 hours a week on unlawful wages and in forced labour conditions at a Thailand factory making clothes for Tesco’s F&F fashion range,” said law firm Leigh Day, which represents the 130 claimants. 

The claimants are demanding compensation from Tesco and its Thai subsidiary at the time, Ek-Chai, which it sold in 2020.

They accuse the companies of being “unjustly enriched at the expense of the adult workers”.  

The suit will also target Intertek, the insurance and auditing group which inspected the factory where the alleged forced labour took place. 

If a settlement is not reached, the case will be pursued in the High Court in London, the legal firm warned in a statement. 

The workers were employed in the VK Garments factory in Mae Sot, northwest Thailand, between 2017 and 2020, where they cut, made and packed garments to be sold in Thailand. 

They were paid a maximum of £4.00 (4.60 euros) per day, and claim they were worked at a relentless pace for seven days a week and lived in tiny dormitories where they slept on a concrete floor. 

Tesco told AFP in a statement Monday that the claims were “incredibly serious” and that if it had “identified issues like this at the time they took place, we would have ended our relationship with this supplier immediately”.

While Tesco was not involved in the day-to-day running of the factory, it said “we would continue to urge” its former supplier “to reimburse employees for any wages they’re owed”. 

Compensation has so far only been awarded by the Thai courts, and only for severance pay. 

Intertek also said the allegations were serious, but it would not comment while legal proceedings were ongoing. 

Separately, 10 investment companies with assets totalling around £800 billion, including Schroders and Quilter Cheviot, on Monday signed a joint appeal calling for UK food retailers and the government to be increasingly vigilant about forced migrant labour in British agriculture. 

Many migrant workers in the UK have had to stump up large travel costs and “excessive fees to agents and middlemen”, often finding themselves saddled with debts, they warned. 

The UK’s main farming union warned in early December that the UK was heading for a food-supply crisis, mainly due to a lack of visas to bring in seasonal workers, who are in short supply after Brexit. 

The government announced on Friday plans to increase the number of seasonal visas available next year from a maximum of 40,000 to 45,000, with the possibility of an additional 10,000 if needed.

FTX chief Bankman-Fried could accept extradition from Bahamas

Cryptocurrency tycoon Samuel Bankman-Fried arrived at Bahamas magistrate court Monday where he could move to accept extradition to the United States to face charges over the multibillion-dollar collapse of his FTX group.

Bahamas television showed Bankman-Fried, once the wunderkind of the global digital currency world, arriving at the court in Nassau under heavy security after leaving a local jail, where he has been held since his arrest one week ago.

Local and US media reported that he is mulling reversing his decision last week to fight extradition and accept to be sent to the United States for trial.

His hearing is scheduled to begin around 11:00 am (1600 GMT), local media reported.

Last week the US Justice Department and the Securities and Exchange Commission (SEC) filed criminal and civil charges against the one-time crypto billionaire and media star, alleging that he cheated investors in FTX and misused funds that belonged to FTX customers.

FTX’s spectacular rise from 2019 to become a leading player in the virtual currency industry based in the Bahamas ended dramatically in November when the company and its sister trading firm Alameda Research collapsed into insolvency. 

Bankman-Fried was arrested at his Nassau apartment one week ago at the request of federal prosecutors in New York.

He was charged in the United States with eight counts including conspiracy, wire fraud, money laundering and election finance violations.

Separately the SEC accused him of violating securities laws.

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