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Russia, Iran Outraged By US Cruise Missiles Attack on Syrian Airbase

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  • Russia, Iran Outraged By US Cruise Missiles Attack on Syrian Airbase

The Syrian government, Russia and Iran have denounced yesterday’s early morning strike by the United States on a Syrian government-controlled airbase which resulted in the death of at least seven people.

The US said it was in retaliation for a suspected chemical weapons attack by Syrian army on a rebel-held town that killed scores of civilians including women and children, a claim denied by the Syrian government describing the attack as “aggression and violation of international law.”

Also yesterday, three people were killed by truck driven into crowd in Swedish capital, according to Reuters. The truck plowed into a crowd on a shopping street and crashed into a department store in central Stockholm on Friday, killing three people and wounding eight in what the Prime Minister said appeared to be a terrorist attack.

In a statement carried by the state-run SANA News Agency and read on television, the Syrian military said the US strikes were done on a “pretext” of the Khan Sheikhoun attack, without the full facts being disclosed.

It also said the attack, which caused extensive damage to the base, made the US a partner of “terrorist groups”.

Syria’s State-news Agency, SANA gave a death toll of nine civilians, including four children.

It was the first direct military action the US has taken against Syrian President Bashar al-Assad’s forces in the country’s long-running conflict, now in its seventh year.

“There can be no dispute that Syria used banned chemical weapons, violated its obligations under the chemical weapons convention and ignored the urging of the UN Security Council,” US President Donald Trump said in a televised statement after the strike.

Syria’s opposition National Coalition hailed the US attack, saying it puts an end to an age of “impunity” and should be just the beginning of further military action against Assad’s forces.

Russia, a key military ally of the Assad government, strongly condemned the strikes, saying Washington’s action would “inflict major damage on US-Russia ties”, according to Russian news agencies.

Russian government yesterday, suspended communication with the US effectively freezing the memorandum of understanding agreed between the two powers to avoid accidental military clash.

The Pentagon said that Russia had been notified ahead of the operation – but US Secretary of State Rex Tillerson said that Washington had “sought no approval from Moscow”.

At least 86 people, including 27 children, were killed after a suspected poison gas attack on Khan Sheikhoun on Tuesday, according to the UK-based Syrian Observatory for Human Rights.

The Syrian government denied carrying out the raid. Russia has blamed the opposition, saying a government shell hit a building where rebels were producing chemical weapons. The rebels deny this.

“I stress, once again, that the Syrian Arab Army did not and will not use such weapons even against the terrorists who are targeting our people,” Syria’s Foreign Minister Walid Muallem told reporters in Damascus on Thursday.

At the time of the US strike, Trump was at his Mar-a-Lago estate in Palm Beach, Florida, where he is holding two days of meetings with Chinese President Xi Jinping.

Trump said the strike was in the “vital national security interest” of the US.

“I call on all civilized nations to join us in seeking to end the slaughter and bloodshed in Syria, and also to end terrorism of all kinds and all types,” he said.

While yesterday’s strike was the first direct US military action against Assad’s forces, fighter jets by a US-led coalition last year killed dozens of troops fighting for the Syrian government after being “misidentified” as ISIL fighters, according to the US army.

The U.S. military strike on a Syrian airbase was “understandable”, German Foreign Minister Sigmar Gabriel said yesterday, given that the U.N. Security Council had failed to take decisive action after a deadly chemical weapons attack in Syria.

The US ambassador to the United Nation, Nikki Haley warned that the US would do more if necessary.

“I turned around and saw a big truck coming toward me. It swerved from side to side. It didn’t look out of control, it was trying to hit people,” Glen Foran, an Australian tourist in his 40s, told Reuters.

“It hit people, it was terrible. It hit a pram with a kid in it, demolished it,” he said.

“It took a long time for police to get here. I suppose from their view it was quick, but it felt like forever.”

Part of central Stockholm was cordoned off and the area was evacuated, including the main train station. All subway traffic was halted on police orders. Government offices were closed.

The suspect has been arrested.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Ukraine Strikes Russian Fuel Depot, Sparking Fires in Belgorod Region

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Russian Mercenaries

The governor of Russia’s southern Belgorod region said on Sunday Ukrainian forces attacked a fuel depot, triggering a series of fires after Moscow and Kyiv accused each other of launching overnight attacks on border regions.

“The Ukrainian military, aided by lethal drones, attacked a fuel storage site in Volokonovsky district,” Vyacheslav Gladkov wrote on Telegram, referring to an area near the border.

“Several reservoirs caught fire in an explosion. Firefighting crews are putting out the blaze.”

Gladkov also reported drone attacks on three other localities. There were no casualties reported in the incidents.

In the overnight air attacks, Ukrainian officials said two people died and four were injured in Sumy region. Gladkov reported three civilians were injured in Belgorod.

Two children were among those injured in Sumy, the military administration of the northeastern Ukrainian region said on Sunday on Telegram. Several homes and cars were damaged.

In Belgorod region, three civilians, including two children, were injured. Gladkov said two residential buildings were destroyed and more than 15 buildings in total were damaged.

The Russian defence ministry said it had destroyed one drone over Belgorod region and another over Kursk region, where Ukrainian forces launched a cross-border incursion last month. It said two drones were intercepted over Belgorod overnight.

Border regions on both sides have been subject to frequent attacks. Both Moscow and Kyiv deny targeting civilians, saying the attacks are aimed at destroying each other’s infrastructure critical to war efforts.

Thousands of civilians have died in the war, which Russia started with a full-scale invasion on Ukraine in February 2022. Millions of Ukrainians have also been displaced, while their cities and villages have become piles of rubble

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Ghana Ordered to Pay $111.5M to Power Company After U.S. Court Ruling

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The government of Ghana has been ordered to pay $111.5 million to Ghana Power Generation Company (GPGC) following a ruling by a District of Columbia Court in the United States.

This ruling was granted in favor of GPGC after Ghana failed to respond to an earlier tribunal ruling from the United Kingdom, which found the country in breach of a power purchase agreement.

The court’s decision comes after Ghana terminated its contract with GPGC on February 18, 2018. The UK tribunal, in its final award dated January 26, 2021, found that Ghana had violated its contractual obligations, resulting in significant financial damages for GPGC.

The tribunal initially awarded GPGC $134.3 million in damages, calculated using the Early Termination Payment formula as specified in the purchase agreement.

Ghana, however, did not comply with the tribunal’s verdict, prompting GPGC to pursue the matter in U.S. courts. On January 19, 2024, GPGC filed a lawsuit in the District of Columbia, citing the Federal Arbitration Act and the New York Convention, which provides for the recognition of international arbitration awards.

Court documents reveal that the petition was formally delivered to Ghana’s Ministry of Foreign Affairs and Regional Integration on January 23, 2024.

Despite receiving the legal documents, Ghana failed to respond to the court proceedings by the March 29, 2024, deadline. This non-response led the U.S. court to grant a default judgment in favor of GPGC.

Chief Judge James E. Boasberg emphasized that the arbitral judgment fell under the New York Convention, which requires member states, including the United States, to recognize and enforce international arbitration awards.

He further noted that Ghana had voluntarily submitted to international arbitration when entering the power purchase agreement, waiving its sovereign immunity in the process.

Although GPGC was not awarded pre-judgment interest, Ghana will be obligated to pay post-judgment interest at rates set by U.S. law.

This adds an additional financial burden to the $111.5 million judgment as the payment accrues further interest over time.

The country narrowly avoided a separate $11 billion arbitration award in the infamous P&ID case, which was eventually overturned due to findings of corruption and bribery.

However, in the GPGC case, multiple European courts have upheld enforcement orders, leaving Ghana with limited legal recourse.

The court’s decision is expected to place added pressure on Ghana as it faces mounting financial obligations related to international arbitration disputes.

GPGC has indicated that it will pursue all available legal avenues to ensure full recovery of the damages awarded by the tribunal, including possible enforcement actions in other jurisdictions.

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Zhongshang Fucheng Moves to Auction Nigerian Properties in UK Following $70M Arbitration Award

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Bola Tinubu

Zhongshang Fucheng Industrial Investment Ltd has escalated its efforts to collect a $70 million arbitration award from Nigeria by putting two residential properties in Liverpool up for sale.

This significant development follows a 2021 arbitration verdict against Nigeria, which remains unsettled.

The Chinese investment group has reportedly listed two buildings linked to the Nigerian government—15 Aigburth Hall Road and Beech Lodge, 49 Calderstones Road—on the global online marketplace eBay.

The move is part of a broader strategy to recover the outstanding $70 million, which includes a principal amount of $55,675,000, plus interest and legal costs, as stipulated by the arbitration verdict.

The arbitration stemmed from a dispute between Zhongshang Fucheng and Ogun State over a trade treaty violation.

The company claimed that Ogun State rescinded its rights to a free trade zone in 2016, prompting a legal battle that saw Zhongshang’s executives expelled from Nigeria.

The British court granted Zhongshang the authority to seize Nigerian assets in the UK after the Nigerian government failed to settle the arbitration judgment.

The seizure and subsequent auction of these properties mark a pivotal moment in the ongoing legal conflict.

The properties were confiscated because they were not classified as diplomatic or consular assets, making them subject to seizure under the court’s orders.

According to sources familiar with the situation, the properties are valued at approximately $2.2 million.

Zhongshang Fucheng has opted for an online auction to expedite the sale, aiming to reach a broad pool of potential buyers.

The decision to use eBay highlights the company’s commitment to transparency and swift asset recovery.

“This move is not just about recovering the funds; it’s a demonstration of our commitment to enforcing the arbitration award and ensuring that due process is followed,” said a consultant working with Zhongshang Fucheng, who spoke on condition of anonymity.

The Nigerian government, already grappling with similar arbitration cases, is facing increased scrutiny as European courts have granted enforcement orders in several countries, including the UK, Belgium, and France.

The ongoing conflict with Zhongshang Fucheng has intensified pressure on Nigerian authorities to address these legal and financial challenges more effectively.

In June 2024, the UK High Court, King’s Bench Division, ruled in favor of Zhongshang’s right to seize the Liverpool properties.

Master Lisa Sullivan’s ruling emphasized that the properties were used for commercial purposes, thereby excluding them from sovereign immunity protections.

The case against Nigeria underscores broader issues related to international arbitration and asset recovery, reflecting a growing trend of global legal disputes over state assets.

For Zhongshang Fucheng, the auction of the Liverpool properties represents a critical step in securing the funds awarded by the arbitration panel.

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