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A court in Paris on Tuesday found French actor Gérard Depardieu guilty of sexually assaulting two women on a film set in 2021 and handed him an 18-month suspended prison sentence.

In one of the highest-profile #MeToo cases to come before judges in France, Depardieu, a towering figure of French cinema, had repeatedly denied any wrongdoing. But judge Thierry Donard said Depardieu’s explanation of events had been unconvincing.

One of the two plaintiffs, Amelie K, a set decorator, had told the court the actor had groped her all over her body as he trapped her between his legs and made explicit sexual comments.

“He touched everything, including my breasts,” she told the court. “I was terrified, he was laughing.”

The presiding judge said two witnesses corroborated her account whilst Depardieu had been contradictory in his own accounts.

The #MeToo protest movement over sexual violence has struggled to gain the same traction in France as in the United States, though there are signs that social attitudes towards sexual assault may be changing.

This is a developing story and will be updated.

This post appeared first on cnn.com

British police said on Tuesday they had arrested a 21-year-old man on suspicion of arson after counter-terrorism officers launched an investigation into three fires, including one at Prime Minister Keir Starmer’s private home.

Police were called to reports of a fire in the early hours of Monday morning at the property in Kentish Town in north London, the area that Starmer represents in parliament.

Nobody was injured but damage was caused to the property’s entrance, police said.

The man was arrested in the early hours of Tuesday on suspicion of arson with intent to endanger life in connection with the fire and two further incidents, police said. He remains in custody, they added.

Police are investigating whether a fire at the entrance of a property in nearby Islington on Sunday and a vehicle fire in Kentish Town on Thursday are linked to the incident on Monday.

A BBC report said the Islington property was also connected to the prime minister.

Starmer lived in the terraced house on a back street with his wife and two children before he moved into Number 10 Downing Street when he became prime minister last July.

Officers from London’s Metropolitan Police Counter Terrorism Command were leading the investigation due to the property’s connections with a high-profile public figure, police said.

His spokesperson thanked the emergency services for their work on Monday.

This post appeared first on cnn.com

Kim Kardashian is set to testify Tuesday in the Paris trial of the burglars accused of tying up and robbing the billionaire reality TV star at gunpoint nearly nine years ago.

She is expected to detail her ordeal during the 2016 Paris Fashion Week burglary, where she was robbed of nearly $10 million in cash and jewellery, including a $4 million engagement ring that was never recovered.

It will be the first time Kardashian will face the alleged robbers in court.

The defendants – who consist of nine men and one woman whose ages range from their 30s to their 70s – are facing charges including armed robbery, kidnapping and conspiracy. Eight of them deny involvement, while two have admitted to lesser offenses.

Several are repeat offenders, with much of the beginning of the trial focused on their past criminal careers.

The trial opened on April 28 at a packed courthouse in the French capital.

The bodyguard, named only as Pascal D., said he found Kardashian “crying hysterically” on his arrival.

Dubbed the “Grandpa Robbers,” of the original 12 suspects, one has since died, and another defendant who has Alzheimer’s disease has been ruled unfit to stand trial. If convicted, some of the remaining defendants could face up to 30 years in prison.

The trial has been delayed for years partly because of major cases like those related to the 2015 Paris terrorist attacks.

The trial is scheduled to run through May 22, with a verdict expected on May 23.

This post appeared first on cnn.com

Amid ever-increasing uncertainties on the global front and similarly rising geopolitical tensions between India and Pakistan, the Indian equity markets demonstrated strong resilience. They consolidated before ending the week on just a modestly negative note. The trading range remained modest; the Nifty oscillated in a 590-point range. While the markets defended their key support levels, the volatility surged. The volatility barometer, the India Vix, spiked 18.49% to 21.63 on a weekly basis.. The headline index finally closed with a net weekly loss of 338.70 points (-1.39%).

A few important things to note from a technical perspective. The 200-DMA is at 24044; the 50-week MA is at 23983. This makes the zone of 23950-24050 a very important support zone for the Nifty. So long as the Index is able to defend this zone, it will continue consolidating in a defined range. Incremental weakness would creep in only if the 23900 level is violated decisively. On the higher side, as evident from the charts, the markets have continued to resist the rising trendline resistance. From now on, the Nift’s behavior vis-à-vis the zone of 23950-24050 would be crucially important to watch; the Index’s ability to defend or not defend this zone will dictate the trend over the coming weeks.

The levels of 24350 and 24600 are expected to act as probable resistance points in the coming week. The supports are at 23900 and 23630.

The weekly RSI is 54.36; it stays neutral and does not diverge against the price. The weekly MACD is bullish and stays above its signal line. A bearish engulfing candle has emerged. Its emergence near a pattern resistance adds credibility to the resistance placed near 24500-24600.

The pattern analysis of both daily and weekly charts shows that the Nifty has traded quite on the expected lines and within the analyzed range. It has continued resisting the rising trendline resistance near 24500-24600; it has so far defended the key that is created between the 200-DMA and the 50-week MA. The markets would weaken only if they violate the crucial 23900 level; so long as this point stays defended, we can expect the markets to consolidate in a defined range.

Based on the overall technical structure, it is likely that the markets will not see any immediate upward trend. While if the markets end up breaching the 23900 level remains to be seen, it is doubtful that they will initiate any sustainable trending upmove and move past the 24500 levels soon. The hedging activity and the cost of hedging have increased; this is evident from Vix, which has significantly risen over the past few days. While the Nifty has defended the key support levels so far, it remains in a technically challenging environment. It is strongly recommended that the market participants adopt a defensive approach by focusing on the low beta stocks and the stocks with improving relative strength. Staying low on leveraged positions, a continued cautious outlook is advised for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that the Nifty PSE Index has rolled inside the leading quadrant. Infrastructure, Nifty Bank, PSU Bank, FMCG, Consumption, Commodities, and the Financial Services Indices are also inside the leading quadrant. These groups are likely to outperform the broader Nifty 500 Index relatively.

The Nifty Metal Index has rolled inside the weakening quadrant. This may cause the sector to slow down and give up on its relative performance. The Services Sector index also remains in this quadrant.

While the Nifty IT Index continues to languish in the lagging quadrant, the Auto and the Realty Indices are sharply improving their relative momentum against the broader markets while staying inside this quadrant.

The Nifty Midcap 100 index has rolled inside the improving quadrant; may see its relative performance bettering over the coming days. The Media and the Energy Indices are also inside this quadrant, and may continue seeing improvement in their relative performance against the broader markets.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

A massive fire that destroyed a large shopping center in Warsaw last year was the result of arson ordered by Russian intelligence services, Polish officials said Sunday on the eve of the one-year anniversary of the blaze.

The fire broke out May 12, 2024, in the Marywilska 44 shopping that housed some 1,400 shops and service points. Many of the vendors were from Vietnam, and it inflicted tragedy on many in Warsaw’s Vietnamese community.

“We now know for certain that the massive fire on Marywilska was the result of arson commissioned by Russian services,” Prime Minister Donald Tusk said on X. “The actions were coordinated by a person residing in Russia. Some of the perpetrators are already in custody, while the rest have been identified and are being sought. We will catch them all!”

In a joint statement, Justice Minister Adam Bodnar and Interior Minister Tomasz Siemoniak said the May 12, 2024, blaze gutted 1,400 shops and service points. Authorities have been investigating the incident for a year, with support from police and the Internal Security Agency.

Officials said the arson was part of a coordinated sabotage campaign directed from Russia. Some perpetrators are in custody, while others have been identified and are being sought. Polish authorities are also cooperating with Lithuania, where some suspects allegedly carried out related activities.

The investigation involved 121 days of site inspections and the work of 55 prosecutors and 100 police officers. More than 70 witnesses and over 500 victims were interviewed.

“We are determined to hold accountable those responsible for these disgraceful acts of sabotage,” the ministers said.

The announcement comes amid rising concerns in Europe over Russian attempts to destabilize the region through covert operations.

Russia has in the past denied allegations that it is orchestrating arson and sabotage operations across Europe.

This post appeared first on cnn.com

The Israeli military issued an evacuation warning for three ports in Yemen on Sunday night after vowing to “defend itself by itself” following a ceasefire deal between the US and the Houthis that excluded Israel.

The warning, posted on social media by Israel Defense Forces (IDF) Arabic media spokesperson Avichay Adraee, warned people to evacuate the ports of Ras Isa, Hodeidah, and Salif.

The anticipated airstrikes come two days after Israel intercepted a missile fired from Yemen, according to the IDF.

That missile was the first since President Donald Trump announced a ceasefire deal between the US and the Iran-backed rebel group last week.

Despite the deal, the Houthis said they would continue to attack Israel in solidarity with the Palestinian population of Gaza.

Blindsided by the deal, Israel vowed it would strike the Houthis alone if necessary.

“Israel must be able to defend itself by itself against any threat and any enemy,” Defense Minister Israel Katz said in a statement last week. “This has been true in the face of many past challenges, and it will remain true in the future.”

This marks the second time within a week that Israel has issued an evacuation warning for Yemen.

Last Tuesday, the military issued a warning for Yemen’s international airport in the capital of Sana’a before carrying out strikes that it said “fully” disabled the facility.

This post appeared first on cnn.com

The governor of the Mexican state of Baja California, which borders the US, said on social media Sunday that the United States withdrew tourist visas from her and her husband.

Marina del Pilar Ávila, from the ruling Morena party, did not say why her visa was withdrawn.

A spokesperson for the US Embassy said that visa records are confidential and that the details of individual cases cannot be discussed.

Baja California borders California and day-to-day commercial ties between the two states run deep.

”I fully trust that the situation will be satisfactorily clarified for both of us,” Ávila said on X.

Her husband, Carlos Torres Torres, who is an active member of Morena, said his “conscience is clear,” in a statement on Facebook on Saturday.

“This proceeding does not represent a formal accusation, investigation or indictment by any authority in Mexico or the United States,” he added.

This post appeared first on cnn.com