Anthony Albanese rejects reports of $450m coal price cap payout for Rio Tinto and partners

Anthony Albanese has rejected suggestions of a potential $450m payout to Rio Tinto and its partners for the Gladstone power plant, which could push coal price cap compensation to more than $1bn. Albanese told Channel Seven’s Sunrise the federal government expects the cost “will be nothing like the sort of figures” reported for Gladstone although Queensland premier Annastacia…

Ukraine arrested oligarch Konstantin Zhevago

A Ukrainian oligarch was arrested at an elite French ski resort, Ukraine’s State Bureau of Investigation (DBR) said. French law enforcement detained Konstantin Zhevago in a hotel in the famed alpine ski resort of Courchevel on Tuesday, the agency said in a statement. An DBR spokesperson said French police made the arrest after Ukraine asked…

Arms dealer claims $600 mln Cyprus fraud

A controversial Russian-born Israeli arms dealer Arcadi Gaydamak has implicated Cyprus in an alleged $600 mln fraud case against him. According to news site Philenews, citing a TV documentary aired recently on Israel’s popular Channel 12, the 70-year-old’s lawyers have reported to Cyprus authorities that a person he trusted deceived him, transferring to a Cypriot…