All posts tagged: oneyear

France hands captain of suspected Russian ‘shadow fleet’ tanker one-year jail sentence

France hands captain of suspected Russian ‘shadow fleet’ tanker one-year jail sentence

A French court Monday issued an arrest warrant and a one-year jail sentence against the Chinese captain of a suspected Russian “shadow fleet” tanker over failing to comply with orders to stop his ship. Chen Zhangjie, 39, was sentenced in absentia after the French navy boarded the Boracay tanker in September before releasing the vessel and its crew days later, in what Russian President Vladimir Putin condemned as “piracy”. The court in the western city of Brest also ordered Zhangjie to pay a 150,000-euro ($172,000) fine. The vessel, claiming to be flagged in Benin, was thought to be part of a fleet transporting Russian oil in violation of Western sanctions imposed over Moscow’s invasion of Ukraine. Read moreFrench navy boards Russia-linked tanker in Mediterranean Two employees of a Russian private security company were on board the Boracay when the French navy stopped it, an informed French source and the captain’s lawyer have told AFP. They were in charge of representing Russian interests and gathering intelligence, they said. The Boracay has been linked to mysterious drone …

Trump calls for one-year cap on credit card interest rates at 10%

Trump calls for one-year cap on credit card interest rates at 10%

A shopper pays with a credit card at the farmer’s market in San Francisco on March 27, 2025. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10% starting on Jan. 20, but he did not provide details on how his plan would come to fruition or how he planned to make companies comply. Trump also made the pledge during the 2024 campaign, which he won, but analysts dismissed it at the time, saying such a step required congressional approval. Lawmakers from both the Democratic and Republican parties have raised concerns about high rates and have called for those to be addressed. Republicans currently hold a narrow majority in both the Senate and the House of Representatives. There have been some legislative efforts in Congress to pursue such a proposal but they are yet to become law and in his post Trump did not offer explicit support to any specific bill. Opposition lawmakers have criticized Trump, a Republican, …