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Ukrainian President Volodymyr Zelensky will meet with French President Emmanuel Macron in Paris on Monday.On November 29, the Israel Defense Forces (IDF) announced that it had designated a suburb of Bethlehem in the West Bank as a "closed military zone." This followed a violent attack by Israeli settlers that injured several Palestinians. The IDF stated that it received reports of "violent clashes" between Israelis and Palestinians, with both sides throwing stones at each other, and reports of gunfire directed at Palestinians. IDF troops and police were deployed to the scene, using riot control to disperse the crowd and declaring the area a "closed military zone." Several Israelis were injured in the incident but refused medical treatment. Israeli police have launched an investigation.Kuwait Aviation Authority: Kuwait Airways has completed all technical system updates for its Airbus A320 aircraft.On November 29th, the Wall Street Journal reported that last month in Miami Beach, three powerful businessmen—two Americans and one Russian—huddled around a laptop, ostensibly to draft a plan to end the Russia-Ukraine conflict. But according to sources, their project extended far beyond that. Privately, they were devising a path to reintegrate Russias $2 trillion economy into the international arena and allow American companies to reap the benefits before their European competitors. In the mansion, billionaire developer and current U.S. envoy, Witkov, was hosting Dmitriev, head of Russias sovereign wealth fund and Putins handpicked negotiator. Dmitriev practically dominated the drafting and revision of the document on the screen. Trumps son-in-law, Kushner, also arrived from his residence. Dmitrievs plan involved American companies utilizing approximately $300 billion in Russian central bank assets frozen in Europe for joint U.S.-Russian investment projects and a U.S.-led reconstruction effort in Ukraine. American and Russian companies could also collaborate on developing the Arctics rich mineral resources.American Airlines: As of 7 a.m. Central Time, the team has made significant progress in resolving the Airbus software issue, with 4 of the 209 affected aircraft still awaiting the update.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

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Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.

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