5year

Sarkozy’s Dramatic Fall: 5-Year Jail Term for Ex-President

NEWS BRIEF A Paris court sentenced former French President Nicolas Sarkozy to five years in prison for criminal conspiracy related to alleged Libyan campaign financing, marking an unprecedented punishment for a modern French leader. Sarkozy denounced the ruling as politically motivated and vowed to appeal, but the sentence is immediately enforceable, requiring him to report […]

The post Sarkozy’s Dramatic Fall: 5-Year Jail Term for Ex-President appeared first on Modern Diplomacy.

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Kenya Targets US Trade Pact by December, Seeks 5-Year AGOA Renewal

NEWS BRIEF Kenyan President William Ruto announced that Kenya expects to sign a trade deal with the United States by the end of 2025 and will push for a five-year extension of the African Growth and Opportunity Act (AGOA), which grants duty-free access to the U.S. market. The announcement comes amid ongoing trade negotiations and […]

The post Kenya Targets US Trade Pact by December, Seeks 5-Year AGOA Renewal appeared first on Modern Diplomacy.

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Lukas Dostal avoids arbitration, signs 5-year contract with Ducks

Ducks goalie Lukas Dostal signed a five-year contract on Thursday to remain with the team.

Dostal made the announcement on a social media post by the team. The agreement means the 25-year-old avoided an arbitration hearing.

Dostal had a 23-23-7 record with a 3.10 goals-against average and .903 save percentage for the Ducks last season.

“Lukas has proven he is a No. 1 goaltender and we are so pleased to get this deal done,” Ducks general manager Pat Verbeek said. “He is just entering the prime of his career with his best hockey ahead of him.”

Financial terms were not disclosed.

Dostal is excited about the future with a young team that includes forwards Leo Carlsson, Cutter Gauthier and Mason McTavish; defensemen Olen Zellweger, Pavel Mintyukov and Jackson LaCombe, and Beckett Sennecke, the No. 3 pick in the 2024 draft.

“That was one of the reasons that I was willing to sign a long-term deal — because it’s always about trusting the process,” he said. “And I really trust the process that’s going on in Anaheim right now.”

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British Steel reaches 5-year $677M deal with Network Rail

British rail passengers board a train at Hatton Cross Underground station in London in March. On Tuesday, British Steel announced that it has landed a new contract with the Network Rail railway company worth more than a half-billion dollars. File Photo by Tolga Akmen/EPA-EFE

June 17 (UPI) — British Steel announced Tuesday that it has landed a new contract with the Network Rail railway company worth more than a half-billion dollars.

In a press release, British Steel’s Commercial Director for Rail Craig Harvey said, “The contract is a ringing endorsement of UK workers and British industry, underpinning the vital role we play in ensuring millions of passengers and freight operators enjoy safe, enjoyable, and timely journeys on Britain’s railways.”

The deal made between the two companies is a five-year arrangement valued at approximately $677 million that will have the steel company create about 7.7 to 8.8 tons of rail every year. Additionally, the contact can be extended for another three years.

British Steel is the only manufacturer of rail in the United Kingdom.

Transport Secretary Heidi Alexander posted to X Tuesday that she had met with representatives of British Steel to finalize the contract, and that “this deal truly transforms the outlook for British Steel and its dedicated workforce in Scunthorpe.”

The English town of Scunthorpe is a British Steel site that has reportedly supplied Network Rail with track for more than 20 years, and in the last decade alone they have manufactured over 1.1 million tons of rail for Network Rail.

The factory there had been scheduled to close its blast furnaces earlier this year but was saved when the government used emergency powers to keep it open for now.

“After taking urgent action to step in and save these historic blast furnaces from closure, we’ve now helped secure their long-term future by backing British Steel with meaningful government contracts, protecting thousands of skilled manufacturing jobs in the process,” said Alexander.

U.K. Business Secretary Jonathan Reynolds said Tuesday in the release that “This is great news for British Steel and a vote of confidence in the U.K.’s expertise in steelmaking, which will support thousands of skilled jobs for years to come.”

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