BEIRUT: A Lebanese military judge Tuesday appealed a verdict by the military tribunal that ordered the release of a Lebanese-American held since September on charges of working for an Israeli-backed militia two decades ago, state-run National News Agency said.
Judge Ghassan Khoury asked the Military Court of Appeals to strike down an earlier ruling in favor of Amer Fakhoury and issue an arrest warrant against him. He asked that Fakhoury be put on trial again on charges of kidnapping, torturing and detaining Lebanese citizens as well as “killing and attempting to kill others,” according to NNA.
On Monday, Fakhoury was ordered released because more than 10 years had passed since he allegedly tortured prisoners at a jail run by the so-called South Lebanon Army militia.
Some local media reported that Fakhoury was released but there was no official confirmation.
Fakhoury, 57, is a former SLA member who became a US citizen last year, and is now a restaurant owner in Dover, New Hampshire. His case has been closely followed in his home state of New Hampshire, where US Sen. Jeanne Shaheen and other officials have called for imposing sanctions on Lebanon to pressure Beirut to release him.
Tuesday’s appeal came after an outcry in Lebanon over the verdict that ordered him released, including harsh criticism from by the powerful Hezbollah group that said the verdict to release Fakhoury came after “American pressures and threats.”
“This is a sad day for Lebanon and justice,” Hezbollah said in a statement adding that the reputation of Lebanon’s judiciary was at stake.
Riots also broke out in one of the country’s main prisons by detainees who demanded to be freed following the verdict against Fakhoury.
Fakhoury has not been attending questioning sessions in Lebanon over the past few months after being hospitalized with stage 4 lymphoma cancer.
Over the weekend, the Fakhoury family placed a sign on their restaurant’s door saying they anticipate reopening by early or mid-April, Seacoastonline.com reported.
Fakhoury has been jailed since Sept. 12 after returning to Lebanon on vacation to visit family. Lebanon’s intelligence service said he confessed during questioning to being a warden at Khiam Prison, which was run by the SLA during Israel’s 18-year occupation of southern Lebanon.
Human rights groups have described the prison as a center for torture.
Fakhoury’s family and lawyer, however, say he had no direct contact with inmates and was never involved in any interrogation or torture.
Lebanon and Israel have been officially at war since Israel’s creation in 1948. Lebanon bans its citizens from traveling to Israel or having contact with Israelis.
Fakhoury’s lawyer and family say he fled Lebanon in 2001 through Israel and eventually to the United States because of death threats he and many other SLA members received after Israel ended its occupation of Lebanon in 2000.
In February, Fakhoury was charged by a military judge with the murder and torture of inmates at Khiam Prison.
Hundreds of former Lebanese members of the SLA militia had fled to Israel, fearing reprisals if they remained in Lebanon. Others stayed and faced trial, receiving lenient sentences.
Lebanese judge orders retrial of Lebanese-American
https://arab.news/mwnvd
Lebanese judge orders retrial of Lebanese-American
China unveils first Hangor-class submarine developed for Pakistan
- Islamabad signed agreement for the acquisition of eight submarines during President Xi’s visit to Pakistan
- Under the contract, four submarines will be built in China, while other four will be built at Karachi Shipyard
ISLAMABAD: China on Friday unveiled the first Hangor-class submarine that it has developed for Pakistan, the Pakistani military said.
The Pakistani government had signed an agreement with Beijing for the acquisition of eight Hangor-class submarines during the visit of Chinese President Xi Jinping to Pakistan.
The first of these submarines was launched at a ceremony held at Shuangliu Base in China’s Wuhan, which was attended by Pakistan’s Chief of the Naval Staff Admiral Naveed Ashraf as the chief guest, according to the Inter-Services Public Relations, the Pakistani military’s media wing.
“Under the contract, four submarines will be built in China while the other four will be built at Karachi Shipyard and Engineering Works Limited in Pakistan,” the ISPR said in a statement.
“These submarines will be equipped with advanced weapons and sensors to target long-range targets.”
The ISPR said the project would add a new dimension to Pakistan-China friendship. China has been one of Pakistan’s most trusted friends and both countries have worked on a number of joint projects in the field of defense in recent years.
Besides, Beijing is investing over $65 billion in energy and infrastructure projects in Pakistan as part of China-Pakistan Economic Corridor (CPEC), a major segment of its Belt and Road Initiative designed to give China a shorter, more secure trading route to the Middle East and beyond, while also boosting Pakistan’s economy.
Since its initiation in 2013, CPEC has seen tens of billions of dollars funnelled into massive transport, energy and infrastructure projects. Beijing has also often provided financial assistance to bail out its often-struggling neighbor in times of a financial crunch.
Defending champs Alcaraz and Sabalenka win opening matches at Madrid Open
- The two-time defending champion was playing for the first time in nearly a month after his injured arm ruled him out of Monte Carlo and Barcelona
- Fourth-seeded Alexander Zverev, another two-time Madrid champion, saw off Borna Coric 6-3, 6-2 and will face Denis Shapovalov next
MADRID: Carlos Alcaraz didn’t need to put his tender right arm to the test while easing to victory in his opening match at the Madrid Open on Friday.
The two-time defending champion was playing for the first time in nearly a month after his injured arm ruled him out of Monte Carlo and Barcelona. And after doubting this week he would be good to go in Spain’s capital, Alcaraz admitted he could afford to hold back a little in a 6-2, 6-1 win over Alexander Shevchenko.
“I didn’t hit my forehand 100 percent. I hit it softer than I used to hit it, but I think it helped me, you know, to, let’s say, stay relaxed,” Alcaraz said. “But the first thing that I was thinking about when I was stepping on the court is to stay healthy.
“I was really happy to not feel anything in the forearm, and after that I could increase my intensity a bit. It was great for me this match.”
Defending women’s champion Aryna Sabalenka faced tougher resistance in her opening match while beating Magda Linette 6-3, 4-6, 6-3 on the Caja Magica clay.
This was Alcaraz’s first match since the Miami Open quarterfinals nearly one month ago. Madrid is the Spaniard’s first appearance on the European clay court swing — he struggled in Buenos Aires and Rio de Janeiro in February — as he aims to win his first French Open title next month.
“Right now I’m thinking to be better or get better every day, and I’m thinking to be closer to my 100 percent here in Madrid.” the two-time major champion said. “Let’s see how it’s going to be the next few weeks. But the main thing is to be ready for next tournament and obviously to Roland Garros.”
In Madrid, the third-ranked Alcaraz is seeded second behind Jannik Sinner and both enjoyed first-round byes.
Alcaraz played with a compression sleeve on his right arm from his wrist up past his elbow. But he looked pretty much like the same aggressive player who has dominated here for the past two years and given Spanish tennis fans hope there is life after Rafael Nadal.
Alcaraz broke Shevchenko’s serve four times and will next face Thiago Seyboth Wild of Brazil.
Seyboth Wild upset Daniil Medvedev at last year’s French Open and should offer a stiffer challenge to Alcaraz in the round of 32.
Fourth-seeded Alexander Zverev, another two-time Madrid champion, saw off Borna Coric 6-3, 6-2 and will face Denis Shapovalov next.
Seventh-seeded Andrey Rublev snapped a four-game losing streak by defeating Facundo Bagnis 6-1, 6-4. Rublev’s last win came at Indian Wells in March.
Holger Rune was just two points from defeat against Mariano Navone before he rallied to force a second-set tiebreaker and finally prevailed 5-7, 7-6 (2), 6-4.
Eighth-seeded Hubert Hurkacz beat Jack Draper 6-1, 7-5. Last year’s finalist Jan Lennard Struff, Taylor Fritz, Tommy Paul, Alejandro Davidovich, and Sebastian Baez also moved on.
SABALENKA’S SLOW START
The second-ranked Sabalenka struggled with her serve at times against Linette, but the two-time Australian Open winner struck her 10th ace on match point.
Sabalenka got some help from the net to get a key break and go up 5-3 in the third set when Linette was unable to reach a shot by the Belarusian that clipped the top of the tape.
Sabalenka has either won it all in Madrid as she did in 2021 and last year, or gone out in the first round as she did in 2018, 2019 and 2022.
“Hopefully it’s going to be a good sign and I will keep it like that,” she said. “I either lose in the first or I win (the title).”
Fourth-seeded Elena Rybakina beat Lucia Bronzetti 6-4, 6-3 to take her season-leading win haul to 27 as she seeks her fourth title of 2024.
Rybakina will next face Egypt’s Mayar Sherif after she upset Marta Kostyuk 6-2, 7-5 to reach the third round.
Danielle Collins extended her career-best win streak to 14 matches after beating Serb qualifier Olga Danilovic 4-6, 6-4, 7-6 (8) from 6-4, 3-1 down.
Fifth-seeded Zheng Qinwen, who lost the Australian Open final to Sabalenka, withdrew with a right thigh injury while trailing Yulia Putintseva 7-5, 2-0.
Sixteen-year-old Mirra Andreeva, who made her breakout at Madrid last year, bettered 19-year-old Linda Noskova 4-3, 6-3, 6-3.
Anastasia Pavlyuchenkova, Carolina Garcia, and Jasmine Paolini also advanced.
Ahly, Esperance book CAF Champions League final places
- Ahly are seeking a record-extending 12th victory in the premier African club competition
- Both clubs have booked final places after 11 clean sheets in 12 qualifying, group and knockout matches
JOHANNESBURG: Title-holders Al Ahly of Egypt and long-time rivals Esperance of Tunisia will meet in the two-leg CAF Champions League final during May.
Ahly overpowered TP Mazembe from the Democratic Republic of Congo 3-0 in Cairo to win a semifinal by the same score on aggregate after a goalless first leg last Saturday.
Esperance soaked up constant pressure from Mamelodi Sundowns of South Africa in Pretoria before snatching a 1-0 win to advance 2-0 overall after also winning 1-0 at home.
Mohamed Abdelmonem, Wessam Abou Ali and Akram Tawfik scored in the second half for Ahly, who are seeking a record-extending 12th victory in the premier African club competition.
Raed Bouchniba came off the bench to score 12 minutes into the second half against Sundowns in a match that lasted 190 minutes after a storm halted play midway through the opening half.
It will be the third time Ahly and Esperance face each other in the final of the Champions League with the Egyptians winning in 2012 and the Tunisians succeeding in 2018.
They also clashed in the semifinals last season with Ahly winning home and away for a 4-0 aggregate triumph.
Both clubs have booked final places after 11 clean sheets in 12 qualifying, group and knockout matches.
Esperance, seeking a fifth Champions League title, will host the first leg in Rades on the outskirts of Tunis on May 18 with the return match in Cairo seven days later.
Sundowns had their chances against Esperance with Peter Shalulile and Aubrey Modiba hitting the woodwork and Namibia captain Shalulile coming close several times.
But the first time Esperance threatened to score they did so as a counterattack ended with Bouchniba racing into the area and firing across goalkeeper Ronwen Williams into the far corner.
Since their lone Champions League title in 2016, Sundowns have reached the semifinals three times and lost on each occasion to north African opponents.
In Cairo, Joel Beya had a goal for Mazembe early in the second half disallowed before a powerful header from Abdelmonem off a corner broke the deadlock on 68 minutes.
A superb cross from veteran Tunisia defender Ali Maaloul was fired into the net by Abou Ali on 83 minutes for his first goal of the African campaign.
Tawfik struck 12 minutes into added time by racing through and slamming the ball across Senegalese goalkeeper Alioune Faty into the far corner.
Arda Guler stretches Real Madrid’s vast Liga lead at Real Sociedad
- The playmaker, 19, has endured an injury-hit season but on his first league start snatched a heavily rotated Madrid side a tight victory at the Reale Arena
- The match was brought forward to Friday from Saturday at little more than a week’s notice, to help Madrid prepare for their Champions League match at Bayern
SAN SEBASTIAN, Spain: Turkish teenager Arda Guler’s strike helped Real Madrid close in on the Spanish title with a 1-0 win at Real Sociedad on Friday, moving 14 points clear at the top of La Liga.
After last weekend’s Clasico win over second place Barcelona it appears a formality for Madrid to take the title back from their arch-rivals, and Guler helped them move one step closer.
The playmaker, 19, has endured an injury-hit season but on his first league start snatched a heavily rotated Madrid side a tight victory at the Reale Arena.
Real Madrid coach Carlo Ancelotti rested virtually his entire first choice team with Tuesday’s Champions League semifinal visit to face Bayern Munich in mind.
Top scorer Jude Bellingham was on the bench after recovering from a stomach problem to earn a late addition to the squad list, alongside Vinicius Junior, Toni Kroos and various other stars.
As a result Madrid conjured little in attack beyond Guler’s goal, with the hosts, sixth, on top in driving San Sebastian rain.
“Arda scored a goal, Arda will be an important player for us in the future, there’s no doubt he’ll be here next year,” Ancelotti told reporters, also praising his team’s commitment despite the rotations.
“It was quite clear that everyone thought we were coming here for a stroll, the only ones who didn’t think so were the players,” he continued.
“I am proud of the players because they had the desire and will to keep winning... I have to thank them because from that point of view, they were spectacular.”
Madrid goalkeeper Kepa Arrizabalaga, on loan from Chelsea, pushed away a Takefusa Kubo effort as La Real continued to probe.
Ancelotti also gave defender Eder Militao his first start after his long-term knee injury.
The Brazilian looked uncertain but Real Sociedad could not capitalize, with Benat Turrientes firing narrowly over.
Despite previously failing to generate openings of their own, Madrid took the lead in the 29th minute.
Aurelien Tchouameni swept the ball out to Dani Carvajal on the right, who stroked a low ball across the area.
It was a perfectly placed pass by the Spain international — playing seemingly only as he is suspended for the visit to Munich — and Guler arrived in the right place at the right time to finish.
Kubo thought he had pulled Real Sociedad level against his former side before the break when he beat Militao and slotted home, but Ander Barrenetxea was penalized for a foul on Tchouameni in the buildup.
“Barrene went to steal the ball and the only thing I can say is that the player who loses it was sleeping,” Kubo told Movistar.
Arrizabalaga pushed a Turrientes effort wide in the second half and Ancelotti called on the cavalry for the final 25 minutes, sending Vinicius Junior and Fede Valverde into the fray.
Another substitute, Antonio Rudiger, made a vital block on an attempted Oyarzabal dink to deflect the forward’s effort behind for a corner.
Alex Remiro made a fine save to deny Eduardo Camavinga late on as the reinforced visitors took control in five minutes of added time to see out the win.
The match was brought forward to Friday from Saturday at little more than a week’s notice, to help Madrid prepare for their Champions League match at Bayern.
“It’s a pity, whoever watched the game knew that we deserved to win,” added Kubo.
“It’s a pity for the fans, because of the rain, the change of schedule... all that rubbish.”
Barcelona face Valencia on Monday in La Liga but the Catalans have all but thrown in the towel in the title race.
Madrid’s performance was decidedly forgettable but they are eyeing a league and Champions League double for the fifth time in their history — and that would be something to remember.
Rooting for Trump to fail has made his stock shorters millions
- Wall Street investors have collectively make millions by betting that the stock price of Trump's social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists
NEW YORK: Rooting for Donald Trump to fail has rarely been this profitable.
Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists and wild swings that often mirror the candidate’s latest polls, court trials and outbursts on Truth Social itself.
Several of these investors interviewed by The Associated Press say their bearish gambles using “put” options and other trading tools are driven less by their personal feelings about the former president (most don’t like him) than their faith in the woeful underlying financials of a company that made less money last year than the average Wendy’s hamburger franchise.
“This company makes no money. ... It makes no sense,” said Boise, Idaho, ad executive Elle Stange, who estimates she’s made $1,300 betting against Trump Media & Technology stock. “He’s not as great a businessman as he thinks. A lot of his businesses go belly up, quickly.”
Says Seattle IT security specialist Jeff Cheung, “This is guaranteed to go to zero.”
As of Friday’s close, a month since Trump Media’s initial public offering sent its stock to $66.22, it has dropped to $41.54. An AP analysis of data from research firms FactSet and S3 Partners shows that investors using puts and “short selling” have paper profits so far of at least $200 million, not including the costs of puts, which vary from trade to trade.
Still, amateur traders, mostly risking no more than a few thousand dollars each, say the stock is too volatile to declare victory yet. So they are cashing in a bit now, letting other bets ride and stealing a glance at the latest stock movements in the office cubicle, at the kitchen table or even on the toilet.
There have been plenty of scary moments, including last week when DJT, the ex-president’s initials and stock ticker, jumped nearly 40 percent in two days.
“I don’t know which direction the stock is going,” says Schenectady, N.Y., day trader Richard Persaud while checking his iPhone amid the surge. “It’s so unbelievably overvalued.”
Many who spoke to the AP say knowing their bets have helped slash the value of Trump’s 65 percent stake in half is an added political benefit. If some of their predictions are right, they may able to someday push it to zero, making it impossible for him to tap it to pay his hefty legal bills or finance his GOP presidential campaign.
They have a long way to go. Trump’s stake is still worth $4 billion.
Normally, investors betting a stock will fall, especially a gutsy breed of hedge fund traders called “short sellers,” will do plenty of homework. They’ll pore over financial statements, develop expertise in an industry, talk to competitors, and even turn to “forensic accountants” to find hidden weaknesses in the books.
No need in Trump Media’s case. It’s all there in the Sarasota, Florida-based company’s 100-page financial report: A firehose of losses, $58 million last year, on minuscule revenue of $4 million from advertising and other sources.
The losses are so big, as Trump Media’s auditor wrote in the report, they “raise substantial doubt about its ability to continue as a going concern.”
A short seller’s dream? Or is it a nightmare?
Amateur trader Manny Marotta has two computer screens at home, one for work, the other showing DJT stock’s movements where he can gauge how much he’s up or down.
It wasn’t looking so good earlier this week.
The legal writer from suburban Cleveland had been up about $4,000 on “put” options purchased over the past few weeks. But the screen that morning was showing investors, presumably rich ones, buying large volumes of DJT shares, pushing up the stock once again.
“My options are worth less with every passing minute,” says Marotta, adding about DJT: “It’s being manipulated. It’s insane.”
Waiting for the stock to drop is especially painful to “short sellers,” who pay a fee to borrow shares owned by others. The idea is to quickly sell them on a hunch they will be able to buy the same number of them later for much cheaper before having to return them to the lender. That allows short sellers to pocket the difference, minus the fee, which is usually nominal.
In DJT’s case, the fee is anything but nominal.
It was costing 565 percent a year at one point earlier this month, meaning short sellers had only two months before any possible profits would be eaten up in fees, even if the stock went to zero. It’s a rate so off the charts, that only three other stocks in recent memory have exceeded it, according to data from Boston University’s Karl Diether and Wharton’s Itamar Drechsler, who have studied short selling back two decades.
Add in massive buying by Trump supporters who see it as a way to support their candidate, and losses could multiply fast.
“It’s scary,” says Drechsler, who likens buyers of Trump’s stock to unwavering sports fans. “It is everything that you hope that the stock market is not.”
Trump Media spokeswoman Shannon Devine said the company is in a “strong financial position” with $200 million in cash and no debt, and said the AP was “selecting admitted Trump antagonists.”
Another danger to the stock is a “short squeeze.” If the price rises sharply, it could set off a rush by short sellers who fear they’ve bet wrongly to return their borrowed shares right away and limit their losses. And so they start buying shares to replace the ones they borrowed and sold, and that very buying tends to work against them, sending the price higher, which in turn scares other short sellers, who then also buy, setting off a vicious cycle of price hikes.
“If DJT starts rallying, you’re going to see the mother of all squeezes,” says S3 Partners short-selling expert Ihor Dusaniwsky, who spent three decades at Morgan Stanley helping investors borrow shares. “This is not for the faint of heart.”
And if that wasn’t enough, there is a final oddball feature of DJT stock that could trigger an explosion in prices, up or down.
“Lock up” agreements prohibit Trump and other DJT executives from selling their shares until September. That leaves the float, or the number of shares that can be traded each day by others, at a dangerously tiny 29 percent of total shares that will someday flood the market. That means a big purchase or sale on any day that would barely move a typical stock can send DJT flying or crashing.
The float is smaller than that of most other notoriously volatile stocks. At their smallest levels, AMC, GameStop and Shake Shack each had more than double the float.
Seattle trader Cheung sees DJT’s freak characteristics as a reason to bet against the stock, not shy away. When the lock-up period ends, he predicts, the ex-president will indeed sell his shares, spooking the market and sending the price down sharply. And even if he doesn’t, other insiders whose lock-ups expire will fear he will do so and will move fast to get a good price before it falls.
“The first one to sell out is going make to most, ” Cheung says. “Everyone is going to sell.”
Still, he doesn’t want to lose money in the interim, so Cheung is offsetting some of his “put” bets with the purchase of “calls.” The latter are also derivatives, but they do the opposite, paying off when the stock rises. Cheung hopes that whichever makes money, the puts or the calls, he will make enough with one to more than make up for the loss of the other.
If all of this seems too complicated, there is a far simpler way to make money betting against Trump.
Offshore, casino-style betting sites are taking wagers on the 2024 election, and some have even made President Joe Biden the favorite.
