Top banks could be investigated over $20bn fire sale of hedge fund assets

Collapse of Archegos has reportedly prompted SEC and FCA inquiries into Credit Suisse, Goldman Sachs, Nomura and others

UK and US regulators are looking into whether global investment banks breached rules by holding group discussions shortly before launching a fire sale of nearly $20bn worth of assets belonging to the distressed hedge fund Archegos Capital Management, according to reports.

The Securities Exchange Commission is said to have requested further information from major US banks Goldman Sachs, Wells Fargo and Morgan Stanley, as well as Japan’s Nomura and Swiss lender Credit Suisse about a meeting with Archegos founder Bill Hwang on Thursday.

Continue reading...

Russian mercenaries accused of human rights abuses in CAR

UN group of experts deeply disturbed by connections between Wagner Group and violence since election

Russian mercenaries from the Wagner group, a private military contractor, have committed human rights abuses in the Central African Republic while fighting alongside government forces, according to a group of independent UN experts.

The UN working group said it was “deeply disturbed” by the connections between Russian mercenaries and a series of violent attacks that have taken place in the CAR since elections in December.

Continue reading...

EU plan threatens British participation in hi-tech research

Commission security proposal would restrict UK access to Horizon Europe quantum computing project

Britain will join China in being locked out of research with the EU on cutting-edge quantum technology, such as new breeds of supercomputers, due to security concerns under a European commission proposal opposed by academics and 19 member states.

At a meeting on Friday, commission officials said the EU needed to keep control of intellectual property on key projects and that working with even close allies such as the UK and Switzerland opened up an unacceptable risk.

Continue reading...

Tourists in Greece and Spain but most of Covid-hit Europe plans Easter at home

Several thousand Germans head to Crete and Balearic islands as pandemic third wave spreads across EU

The first foreign tourists may have landed in locked-down Spain and Greece, but as a third wave of the pandemic accelerates across the EU, few Europeans will be enjoying an Easter break abroad – or even away from home.

German holidaymakers began arriving on Crete on Monday, with six half-empty flights landing at Heraklion airport after the tourist minister, Haris Theoharis, said some visitors could be permitted before the country’s planned reopening on 14 May.

Continue reading...

Regulators around the world monitor collapse of US hedge fund

Liquidation of Bill Hwang’s Archegos Capital Management sparked a fire sale of more than $20bn assets

Financial regulators across the world are monitoring the collapse of the New York-based billionaire Bill Hwang’s personal hedge fund.

The sudden liquidation of Hwang’s Archegos Capital Management sparked a fire sale of more than $20bn assets that has left some of the world’s biggest investment banks nursing billions of dollars of losses.

Continue reading...

Brexit: Spain denies reports it will round up and deport Britons without visas

EU rules post-Brexit limit UK nationals to maximum 90-day stay per 180 days

Spain has warned British tourists and second-home owners that they are not entitled to spend more than 90 days in the country at a time post-Brexit, but dismissed reports that offenders would be rounded up and deported if they overstay.

Rules applying across the EU – which now apply to Britons – limit visa-free visits to those from outside the bloc to six months with an additional restriction of a maximum 90-day stay per 180-day period.

Continue reading...

EU announces funding for five new refugee camps on Greek islands

Ylva Johansson’s visit Lesbos and Samos met with demonstrations from locals, as charities warn camps are ‘recipe for catastrophe’

The EU is to give Greece funding to build five new refuge camps on the Aegean islands.

Ylva Johansson, the EU home affairs commissioner, visited Lesbos and Samos on Monday to announce that the EU would provide €250m of funding (£213m) for five new structures on the islands of Lesbos, Samos, Chios, Kos and Leros.

A large crowd of demonstrators gathered outside the town hall on the waterfront in Mytilene, the capital of Lesbos, to protest against her visit. Some wrapped themselves in Greek flags and others held signs calling for European solidarity. One sign read: “No to European Guantánamos. Shame on you, Europe.” Another said: “No structures on the island, Europe take responsibility.”

Continue reading...

Mafia fugitive caught after posting YouTube cooking video

Marc Feren Claude Biart was betrayed by failing to hide his distinctive tattoos in the clip

A mafia fugitive has been caught in the Caribbean after appearing on YouTube cooking videos in which he hid his face but inadvertently showed his distinctive tattoos.

Marc Feren Claude Biart, 53, led a quiet life in Boca Chica, in the Dominican Republic, with the local Italian expat community considering him a “foreigner”, police said in a statement on Monday.

Continue reading...

Merkel threatens to centralise Covid response as some states refuse to act

Chancellor complains her government does not yet have power to impose national lockdown

Angela Merkel has threatened to centralise Germany’s pandemic response as several of the country’s federal states refuse to implement an emergency brake mechanism on easing restrictions in spite of rapidly rising infection rates.

Related: Heroes to zeros: how German perfectionism wrecked its Covid vaccine drive

Continue reading...

Czech Republic’s richest man dies in Alaska helicopter crash

Billionaire Petr Kellner among five killed including guests, pilot and guides, with one survivor

Petr Kellner, the Czech Republic’s richest man, was one of five people killed when their helicopter crashed on a skiing trip in Alaska.

The 56-year-old was among the passengers and pilot killed on Saturday in the crash near Knik glacier north-east of Anchorage, Alaska state troopers said. One survivor was taken to hospital, they said, adding the group had been on a heliski tour.

Continue reading...

French pharma firm found guilty over medical scandal in which up to 2,000 died

Servier accused of covering up potentially fatal side-effects of the Mediator diabetes drug

A French court has fined one of the country’s biggest pharmaceutical firms €2.7m (£2.3m) after finding it guilty of deception and manslaughter over a pill linked to the deaths of up to 2,000 people.

In one of the biggest medical scandals in France, the privately owned laboratory Servier was accused of covering up the potentially fatal side-effects of the widely prescribed drug Mediator.

Continue reading...

Fancy a deep red? The rise of underwater wineries

After bottles were recovered in top shape from a first world war shipwreck, winemakers have started to exploit the sea’s cool, dark environment

Slipping into the chilly waters of the Baltic sea, the divers descended more than 60 metres to where the masts of the Jönköping lay strewn across the seabed. They glided past the wounds left when the Swedish schooner was sunk by a German U-boat in 1916 to home in on the rare treasure they had come for: thousands of bottles of 1907 Heidsieck champagne.

Related: Champagne found at sea turns out to be world's oldest vintage

Continue reading...

Nigel Farage appointed to advisory board of green finance firm

Dutch Green Business, which plants trees for carbon capture, says ex-Ukip leader will ‘facilitate introductions’

He has criticised Greta Thunberg for “alarmism” and wind power as “economic insanity” – but Nigel Farage appears to have made a U-turn on climate change, after signing up as a lobbyist for a Dutch green finance firm, in his first commercial role outside frontline politics.

Dutch Green Business Group, which is listed on the Amsterdam stock exchange, said it had appointed Farage to its new advisory board. The eurosceptic and former Ukip leader will “facilitate introductions to politicians and business leaders in the UK and around the world” while also acting as a spokesman for the company, it said in a press release.

Continue reading...

‘Lack of perspective’: why Ursula von der Leyen’s EU vaccine strategy is failing

European commission president accused of focusing too much on UK and domestic German image

Forging unity within the European Union is rarely easy for a president of the European commission but Ursula von der Leyen managed at least to bring together two strange bedfellows in recent days.

When Jean-Claude Juncker, her predecessor in the commission’s Berlaymont headquarters, took aim at the EU’s error-strewn vaccine strategy last week, it prompted a tweet of appreciation from Dominic Cummings, former chief adviser to Boris Johnson and key architect of Brexit.

Continue reading...

5,000 attend rock concert in Barcelona after Covid screening

Performance at Palau Sant Jordi concert hall in Barcelona on Saturday night recalls pre-pandemic times

If one overlooked the white face masks dotting the tightly packed crowd of music lovers, it was almost like pre-pandemic times in Barcelona’s Palau Sant Jordi concert hall Saturday night.

Five thousand rock fans enjoyed a real-as-can-be concert after passing a same-day coronavirus screening to test its effectiveness in preventing outbreaks of the virus at large cultural events.

Continue reading...

Stalin statue site reveals chilling remains of Prague labour camp

Archaeologists have discovered foundations of the previously unknown structure in the city’s Letná park

The colossal monument to Joseph Stalin that towered over Prague at the height of the cold war stood as a frightening reminder of the Soviet dictator’s tyranny and communism’s seemingly unshakeable grip on the former Czechoslovakia.

Nearly 60 years after its demolition, the brooding 15.5-metre (51ft) shrine retains a hold on the popular imagination, with locals referring to the now popular meeting point where it once stood as “Stalin’s”.

Continue reading...

Dublin hospital told to stop giving Covid jabs after sharing surplus with private school

Beacon hospital chief is believed to have sent his children to St Gerard’s school, where staff received jabs

The Irish health minister has moved to suspend coronavirus vaccines from being given at a private hospital in Dublin after it used spare doses to vaccinate teachers at a fee-paying school.

Stephen Donnelly said it was “completely unacceptable” and has asked the Health Service Executive (HSE) to suspend vaccinations at the Beacon hospital, with the exception of already scheduled appointments.

Continue reading...

‘Reclaim These Streets’ and rubber duck rallies: human rights roundup – in pictures

Coverage on recent struggles for human rights and freedoms, from Cardiff Bay to Thailand

Continue reading...

Protests at ‘inhumane’ export of live horses to Japan for food

Activists seek ban on flying horses to Japan with thousands sent every year from Canada and France

Tens of thousands of horses are being subjected to long-haul flights, confined in crates with no food or water, to meet demand for horsemeat in Japan.

Since 2013, about 40,000 live horses have been flown to Japan from airports in western Canada. Under Canadian regulations, the journey can stretch up to 28 hours, during which the animals are allowed to go without food, water or rest.

Continue reading...

The Guardian view on China, Xinjiang and sanctions: the gloves are off | Editorial

Beijing wants to silence critics of its treatment of Uighurs. But the impact will be broader

China’s response to criticisms of horrifying human rights violations in Xinjiang is clear and calculated. Its aims are threefold. First, the sanctions imposed upon individuals and institutions in the EU and UK are direct retaliation for those imposed upon China over its treatment of Uighurs. That does not mean they are like-for-like: the EU and UK measures targeted officials responsible for human rights abuses, while these target non-state actors – elected politicians, thinktanks, lawyers and academics – simply for criticising those abuses.

Second, they seek more broadly to deter any criticism over Xinjiang, where Beijing denies any rights violations. Third, they appear to be intended to send a message to the EU, UK and others not to fall in line with the harsher US approach towards China generally. Beijing sees human rights concerns as a pretext for defending western hegemony, pointing to historic and current abuses committed by its critics. But mostly it believes it no longer needs to tolerate challenges.

Continue reading...