- Supreme Court Demands Explanation From Registry Why Vijay Mallya’s Plea Not Listed For 3 Years
The Supreme Court has directed its registry to explain why the petition filed by businessman Vijay Mallya, who has sought review of its 2017 order holding him guilty of contempt of court for transferring USD 40 million to his children, was not listed before the concerned court for last three years. A bench of Justices UU Lalit and Ashok Bhushan, which took up Vijay Mallya’s review petition in-chamber on June 16, directed the top court registry to furnish all the details including names of officials who had dealt with the file concerning the review petition for last three years.
- “Rogue Actor” China Escalated Border Tension With India, Says US
The US on Friday criticised the Chinese Army for “escalating” the border tension with India and described the ruling Chinese Communist Party as a “rogue actor.” Launching a scathing attack on the Chinese government, US Secretary of State Mike Pompeo said the Chinese Communist Party wants to undo all the progress the free world has made through institutions like NATO and adopt a new set of rules and norms that accommodate Beijing. “It”s the Chinese Communist Party that’s forcing the choice. The party wants you to throw away the progress we in the free world have made, through NATO and other institutions – formal and informal – and adopt a new set of rules and norms that accommodate Beijing,” Mike Pompeo said.
- World stocks turn higher despite worries over Covid-19 rebound
World stock markets turned higher on Friday despite concerns that a global economic recovery may be derailed by coronavirus infections. Shares rose in most major markets and US futures surged after Asia got off to a mixed start. Global markets have recovered most of this year’s losses as investors look ahead to a possible rebound from the deepest economic slump since the 1930s. But analysts say gains might be too big and too fast to sustain. Enthusiasm has been dented by rising case numbers in Brazil, some US states and other areas. The European Central Bank said Thursday it has handed an unprecedented amount of stimulus, 1.3 trillion euros in cheap loans to banks, as part of its effort to get the 19-nation bloc that uses the euro through the pandemic.