Day: May 6, 2026

Read More

The post The leverage layer cake behind HSBC’s private credit losses appeared first on azeritimes.com.

“We’re going to get ​it,” Trump told a reporter as he left a White ​House event, News.Az reports, citing Reuters.

***

One of ​Trump’s central objectives in launching ‌military ⁠strikes against Iran was to ensure Tehran does not develop a ​nuclear weapon. ​Iran ⁠has yet to hand over ​more than 900 pounds (408 ​kg) ⁠of highly enriched uranium.

The post Trump: U.S. will receive uranium from Iran appeared first on azeritimes.com.

The Mexico City hotspot is charging American visitors a steep $300 cover charge to enter — while citizens from other countries pay just $20 and Mexicans and Latin Americans pay $14 — in a pointed protest against Donald Trump’s relentless attacks on America’s southern neighbor, News.Az reports, citing The Guardian.
***
The tiered pricing policy from Japan, a nightclub in the Roma Norte neighborhood, has struck a chord with Mexico City residents. The Instagram announcement detailing the eye-watering cover charges has been liked over 26,000 times and garnered more than 200 comments, mostly in support of the policy as part of a broader backlash against what many see as American economic and political overreach, the report said.
In a pointed Instagram post, the club reframed its pricing strategy. “It’s not that ‘we charge gringos more’ it’s that we offer discounts to people that need it,” Japan wrote. “The cover charge is $5,000 [pesos]. Citizens of the USA don’t get a discount.”
The post explains that citizens from any other country receive a 93% discount, Mexicans and Latin Americans get 95% off, and students and teachers receive a 97% discount, paying just 150 pesos for entry.
Club owner Federico Crespo made clear the pricing reflects deteriorating Mexico-U.S. relations under Trump. “This is a response to a year of insults directed at us – as a country – by the United States. It’s very much a response to the many attacks against Mexico from Trump,” Crespo said.
Rather than pocket the extra revenue, Crespo said the money collected from American cover charges is distributed among Japan’s workers — many of whom are struggling with rising rents, soaring cost of living, and longer commutes.
“By giving the workers the money collected from cover charges, we help them out a little bit,” Crespo told the Guardian.

The post Club in Mexico ups prices for U.S. visitors after Trump criticism appeared first on azeritimes.com.

The inferno in Biłgoraj county, Lublin province, broke out on Tuesday and spread quickly, burning through about 300 hectares of woodland in Solska Forest by Wednesday afternoon, News.Az reports, citing TPV World.
***
Late on Tuesday, a firefighting aircraft, deployed to dampen the blaze, crashed to earth during the operation, killing the pilot. The exact causes of the crash, which occurred around 9 pm, have not been disclosed. 
More than 100 fire service units – including 372 firefighters – as well over 100 police officers and 50 soldiers from Poland’s Territorial Defense Force were involved in the emergency response by Wednesday evening. 
Interior Minister Marcin Kierwiński said following an emergency government meeting that the firefighting situation remained difficult. Firefighters were setting up another firebreak as wind gusts of up to 60 km per hour caused the fire to spread. 
Several helicopters and airtanker planes were also in action, with crews having already carried out hundreds of water drops. 
Authorities also warned that several nearby homes could be preventively evacuated due to dense smoke, although the distance from the flames was considered safe. 
Fire risk widens nationwide The huge blaze in the eastern region has prompted a nationwide discussion about wildfire risks, as Poland grapples with drought-like conditions in swathes of the country. 
Climate and Environment Minister Paulina Hennig-Kloska warned forest conditions across Poland remained very difficult, noting that 136 fires were recorded in private and state forests on Tuesday alone. 
High temperatures and unusually low forest-floor moisture are key factors in the increased fire risk, the minister said. 
Preventive measures taken nationally include bans on entering some forests and national parks, expanded monitoring and the use of surveillance drones. In Lublin province, authorities imposed a strict ban on using open fire in forests and nearby areas. 
In the southern Małopolska province, officials said forests were under constant patrol. Fire risk in the Niepołomice Forest, east of the city of Kraków, is being checked twice daily. 
Forest officials said ground moisture there was 10.2%, just above the level at which a forest entry ban would be imposed. From April 1 to May 6, Małopolska recorded 29 fire-related incidents, up from 22 in the same period last year. 

The post 300-hectare blaze prompts Poland to step up firefighting efforts appeared first on azeritimes.com.

In his opening remarks, Azerbaijan’s Minister of Digital Development and Transport, Rashad Nabiyev, highlighted the importance of the theme “Funding resilient transport,” noting that traditional approaches are no longer fits aging infrastructure and new mobility needs. He stressed that resilience is not only an engineering question – it is a financing question, adding that building systems that can withstand, adapt, and recover takes long-term planning, smarter spending, and technology that lowers costs over time, News.Az reports, citing AZERTAC.
***
Nabiyev emphasized that Azerbaijan has approached its Presidency with one clear goal: to move the conversation closer to implementation, based on five key priorities.
He noted progress in Eurasian multimodal corridors and the digitalization of freight transport, as well as efforts to maintain an inclusive, consensus-based format. He also highlighted more predictable, evidence-based policies for investors and a more transparent accession process, with the Programme of Work and Budget progress strengthening long-term cooperation.
Rashad Nabiyev said that Azerbaijan’s priorities are reflected in key projects along the Middle Corridor, including the Baku–Tbilisi–Kars railway, Baku Port, the Alat Free Economic Zone, the aviation cluster, and a direct connection between mainland Azerbaijan and Nakhchivan. He also mentioned that urban mobility integrates public transport and micromobility into a single app – multimodal planning and real-time tracking in one place, supported by reforms such as faster border crossings, more efficient ports and logistics hubs, and better coordination between customs and transport authorities.
“Azerbaijan remains committed to constructive dialogue and cooperation among all members. We look forward to working with you to ensure this Summit delivers outcomes that genuinely strengthen the systems our economies depend on,” Azerbaijan’s Minister of Digital Development and Transport, Rashad Nabiyev, concluded.
A video showcasing Azerbaijan’s cultural heritage and modern development, as well as its history, multicultural values, urban infrastructure, and transport and logistics potential was screened. It was followed by a musical program featuring national traditions.
The plenary session featured discussions on the importance of resilience in the transport sector and its role in supporting economic stability, strengthening connectivity, and reducing long-term risks.

The post Azerbaijan’s ITF presidency praised at 2026 summit appeared first on azeritimes.com.

The investigation gained new momentum Tuesday after court documents revealed alleged cash payments totaling about $245,000 for renovations to Adorni’s home, according to the judicial case file, News.Az reports, citing UPI.
***
Adorni holds one of the most influential positions in Argentina’s executive branch, overseeing coordination among ministries and relations with Congress.
The case centers on a series of events involving foreign travel, real estate transactions and financial movements that investigators are reviewing collectively to determine whether the official’s spending patterns matches his declared income.
Federal prosecutor Gerardo Pollicita is examining what were described as suspicious expenditures and financial movements estimated at roughly $725,000.
The investigation began after Adorni’s wife joined an official delegation on a trip to New York in March. The trip was initially reviewed by the courts and allegations dismissed, but it has since been incorporated into the broader examination of the official’s assets
The case later expanded to include personal and family trips to destinations such as Aruba, Punta del Este in Uruguay and the Argentine resort city of Bariloche — representing expenses prosecutors believe exceeded the income Adorni declared.
Investigators also are reviewing Adorni’s real estate dealings. He declared ownership of properties in La Plata and Buenos Aires, both currently for sale, in addition to purchasing an apartment in the Argentine capital and a house in a gated community.
According to court records, part of those acquisitions may have been financed through private loans and cash payments outside the traditional banking system.
The latest element added to the case involves expensive renovations at one of the properties, including construction of a travertine marble swimming pool and a waterfall structure, judicial documents show.
In his most recent financial disclosure, corresponding to 2024, Adorni reported savings in Argentine pesos, U.S. dollar holdings in an American bank account and cash kept outside the banking system. His declared average monthly income was about 3.5 million Argentine pesos, equivalent to approximately $2,480.
The official has argued that the investigation concerns matters related to his private life, a defense he has used previously when questioned about his assets.
Political analyst Julio Burdman told UPI the case remains primarily a political and media controversy, noting that it has not yet become a formal corruption prosecution.
Burdman compared the investigation with other recent Argentine political scandals, particularly those linked to Kirchner-era corruption allegations, where officials were accused of running major graft schemes.
“There were major cases involving estimates ranging from tens to hundreds of millions of dollars in bid-rigging, bribery and other specific accusations,” Burdman said.
“In this case, what is being discussed is why the Cabinet chief appears to have made expensive personal expenditures despite earning what is considered a relatively modest salary,” he added.
Burdman said the government continues to support Adorni because officials do not believe the accusations amount to proven corruption.
“The government has a very poor relationship with the press in general. President Javier Milei uses very harsh and offensive rhetoric toward the media, which has also contributed to intense journalistic scrutiny of the Adorni case,” he said.
He added that opposition groups have used the controversy to repeatedly demand Adorni’s resignation, and that the case has begun to affect both the government’s public image and Adorni’s own standing, although he said it is not the administration’s main political challenge.
Lucas Romero, director of political consultancy Synopsis Consultores, told UPI the controversy is significant because of Adorni’s senior position and because it directly affects the government’s core political message.
“The idea was that this government represented ordinary citizens against a political class perceived as corrupt and focused on protecting its own privileges,” Romero said.
He said the accumulation of allegations intensified public suspicion and pushed the issue onto the national political agenda.
“His way of speaking and his public attitude, perceived by some as arrogant, generated antipathy in certain sectors, which intensified the impact of the scandal,” Romero added.
He also questioned the government’s decision to keep Adorni in office despite the controversy.
“One of the questions many analysts are asking is why the president continues to back Adorni in an already difficult context,” he said.
According to Romero, the government attempted to contain the political fallout by having Adorni appear before Congress and resume press conferences to try to normalize the situation. However, he warned that new revelations have reignited the controversy.

The post Argentina launches probe into President Milei aide’s assets appeared first on azeritimes.com.