Chamundi Hill remains sans police station despite being a tourist destination
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JAMnews
22 minutes ago
- JAMnews
Owner of Georgia's large telecommunications company, Silknet, Giorgi Ramishvili, has been arrested
Owner of Silknet, Giorgi Ramishvili, arrested in Georgia On July 6, prominent businessman Giorgi Ramishvili, owner of Silknet – one of Georgia's largest telecommunications companies – was detained at Tbilisi airport. The Ministry of Internal Affairs stated that the arrest was made as part of an investigation under Article 236 of the Criminal Code, which concerns the illegal possession and carrying of firearms. Businessman's family: 'He accidentally placed the firearm in his carry-on luggage' 'During a carry-on luggage inspection at the departure terminal of Tbilisi International Airport, a firearm, its magazine, and ammunition were seized from G.R. It was established that the firearm is registered in his name, but he does not have a license to carry it,' the Ministry of Internal Affairs reported. The detained businessman's family stated: 'This should not be given a political context. It is simply negligence; Giorgi Ramishvili accidentally placed the firearm in his carry-on luggage.' Charges are expected to be filed on July 7. Who is Giorgi Ramishvili? Giorgi Ramishvili is the founder of Silk Road Group. He is also the chairman of the supervisory board of Silknet, which owns the company Euronews Georgia. Ramishvili was involved in various business projects during the previous government (the presidency of Mikheil Saakashvili), the most notable being the construction of Trump Tower and 16 hotels on the Black Sea coast in the Adjara region. In 2014, when the current ruling party, Georgian Dream, was already in power, Giorgi Ramishvili founded the Society of Friends of the Georgian Armed Forces together with Mikheil Kavelashvili, who is now the Georgian Dream-elected president. Ramishvili's name also appeared in the news in 2018 after a scandal between then-Minister of Sports Levan Kipiani and former prosecutor Otar Partskhaladze. Many sources claimed that Ramishvili, who is Partskhaladze's best man, helped reconcile them. Ramishvili was previously arrested for illegal possession of weapons in 2005, during Mikheil Saakashvili's leadership and the rule of the United National Movement party. He was quickly released and later, in 2012, donated 120,000 lari (about $30,000) to that party. That year marked parliamentary elections and a change of power in Georgia, with Georgian Dream coming to rule. News in Georgia
Economic Times
23 minutes ago
- Economic Times
Asian shares cautious on trade angst, oil falls
The increase, faster than traders and analysts foresaw, may contribute to a crude surplus later this year with firms such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. anticipating that prices sink near $60 a barrel in the fourth quarter. Synopsis Asian shares experienced slight declines as investors await progress on trade negotiations with the US, with a looming July 9 deadline. The US may impose higher tariffs on some countries starting August 1, while others might receive extensions for negotiations. OPEC+'s decision to increase oil production is expected to create a surplus, potentially lowering prices later in the year. Asian shares posted modest moves at the open as investors awaited progress on trade deals with the US ahead of the July 9 deadline imposed by President Donald Trump. ADVERTISEMENT Indexes in Japan, Australia and South Korea posted small declines after Trump administration officials signaled Aug. 1 as the date for higher levies to kick in and said some countries may get more time to negotiate deals. Oil fell 1.1% to $67.57 a barrel as OPEC+ said it will increase production. Treasuries were steady as cash trading resumed after the July 4 holiday. Investors are focusing on the outcomes of several trade negotiations for clues on the next turn in markets. Stocks have rebounded to a record since their plunge in April, when Trump introduced his sweeping levies and then announced a 90-day pause for countries to negotiate with the US. Major US trading partners hurried over the weekend to secure trade deals. 'This is a reflection of some uncertainty over the July 9 reciprocal tariff expiry deadline,' said Tony Sycamore, an analyst at IG in Sydney. A tariff rate of 10%-15% on most if not all countries would be welcome by traders, whereas a rate greater than 20% 'would rattle markets to varying degrees depending on the extent of the increase,' he Commerce Secretary Howard Lutnick said country-by-country tariffs will take effect Aug. 1. Negotiations still remained ongoing ahead of the deadline, with European leaders pushing for a deal that would allow tariff relief on carmakers for increasing US investments. Treasury Secretary Scott Bessent indicated some countries may be offered a three-week extension to negotiate. ADVERTISEMENT 'We judge there is a risk that President Trump reinstates higher 'reciprocal' tariffs on major economies such as Japan and Europe,' Commonwealth Bank of Australia strategists including Joseph Capurso wrote in a note to China said it will impose some reciprocal curbs on medical-device procurement for companies based in the European Union, adding tensions between the two major trading partners just as Beijing seeks to shore up ties with the US. ADVERTISEMENT Meanwhile, the latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers the world over while answering Trump's calls for lower fuel increase, faster than traders and analysts foresaw, may contribute to a crude surplus later this year with firms such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. anticipating that prices sink near $60 a barrel in the fourth quarter. ADVERTISEMENT 'For now, the oil market remains tight, suggesting it can absorb additional barrels,' said Giovanni Staunovo, an analyst at UBS AG in Zurich. 'But there are rising risks like ongoing trade tensions, implying that the market could look less tight over the coming 6-12 months, which would pose downside risks to prices.' 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The Star
23 minutes ago
- The Star
'Growing Up' actor Andrew Seow is now an auxiliary police officer
Andrew Seow's role as Gary (right) earned him the Best Newcomer accolade at the Asian Television Awards in 1996. Photos: Zaki Hussain/Instagram, Filepic Do not be surprised if you see Andrew Seow on duty in uniform. The former actor is best known for his role as rebellious elder son Gary in the Singapore period drama Growing Up (1996 to 2001). He is now working as an auxiliary police officer with security firm Aetos. Content creator Zaki Hussain shared a video in partnership with Aetos on Instagram on July 2, in which he asked Seow how he went into the security sector. 'My dad used to be an auxiliary police officer back in the British days,' Seow said. 'When he asked me: 'Why don't you do something meaningful with your life?', I said: 'OK, let me try.' I got the interview.' The 55-year-old said his father drove him all the way from Marine Parade to Jurong, where Aetos is headquartered, on the day he told his father he was going for the interview. 'I had never seen him so excited,' Seow said, recalling that his father wished him all the best before he went for the interview. Zaki asked Seow if he missed acting. 'I miss my fans,' he said. Content creator Zaki Hussain (left) with 'Growing Up' actor Andrew Seow. Photo: Zaki Hussain/Instagram They re-enacted a scene from Growing Up , where Seow, in uniform, reprised his role as Gary, while Zaki played Gary's father Mr Tay. The character was played in the original series by Singaporean actor Lim Kay Tong. Growing Up was a family drama about the trials and tribulations of the Tay family spanning the 1960s to the 1980s. Seow's role as Gary earned him the Best Newcomer accolade at the Asian Television Awards in 1996. Seow, who starred in all six seasons of Growing Up , left Mediacorp in 2007. Growing Up also starred Wee Soon Hui as Mrs Tay, Irin Gan as the wilful and fashionable elder daughter Vicky, and Steven Lim as the intellectual younger son David. The youngest sibling Tammy was first played by local actress Fann Wong's younger sister Fann Woon Jing and then Quek Sue-shan before the role went to Jamie Yeo. Seow spoke fondly of his Growing Up character in a report in The Straits Times in 2015. 'Gary is very close to my heart. I feel that everyone has a Gary in them,' he said. 'Have we not been rebellious before? Was there not a time when your parents asked you what time you were coming home and you ignored them? I guess that's why people can relate to the role.' – The Straits Times/Asia News Network
