Canada’s government is willing to sign off on multimillion-dollar settlement packages for Canadians Michael Spavor and Michael Kovrig to compensate them for the near three years they were incarcerated in Chinese prisons, the Globe and Mail reported on Tuesday, citing government sources.
Federal lawyers are in compensation talks with the two men, who were detained in 2018, and are hoping to conclude financial settlements early in the new year, the media outlet said, adding that Canada was concerned by a potential lawsuit from Spavor that could put a spotlight on a government security reporting programme.
Canada and the United States say that the detention of the Canadian men – dubbed by Canadian media as “the two Michaels” in a case followed closely – was illegal and arbitrary, an accusation Beijing denies.
Tbh on second thought it probably should. I haven't seen any confirmation of any downed Su-34s, which you'd think Ukraine would be extremely eager to post.
A BRICS currency has never been more important than it is now. The foundation of the USD as a reserve currency is based on its usage in the trade of oil. With Saudi Arabia, UAE, and Iran (oil producers) and Egypt (controlling the Suez) joining BRICS, there's a real threat to US currency dominance.
I see no reason to doubt the numbers from the Georgian group that Kyiv Post cites, but that is in spite of it being reported in the Kyiv Post, not because of it. NED-funded sources are literally spreading propaganda, and any source that's willing to take money from the NED is showing a willingness to spread propaganda.
As part of the agreement, Beijing and the other creditor countries – known as the Official Creditor Committee (OCC) – pushed for comparability of treatment (CoT) principle in which private bondholders would have to offer comparable debt relief.
Patrick Curran, a senior economist at research firm Tellimer, said official creditors were averse to nominal haircuts, preferring longer maturity extensions and lower interest payments instead. Bondholders, on the other hand, tended to prefer some level of upfront nominal haircuts in exchange for earlier payments in the form of higher coupons and shorter maturities.
China and other official bilateral creditors want bondholders to take a larger haircut than what Zambia’s government or the IMF deemed necessary.
This did not go down well with private investors, who said the decision was “extraordinary” and would have “significant adverse consequences, most immediately for Zambia”.
The company blamed the shortfall on the departure of “multiple senior executives and key personnel” and the 2021 death of founder Xie Zhikun, who “played a pivotal role in decision-making” at the group.
She added that authorities were unlikely to bail out the company. “Most of the hit will be taken by wealthy individual investors, so we don’t see the state stepping in this time around.”
They told me they were banned because they kept citing the Ad Fontes Media Bias Chart and the mods here preferred the Media Bias Fact Check ratings.
Please don't assume their gender. This is basic etiquette.