INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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EU LEADERS CONVENE IN BRUSSELS, WILL DISCUSS PLACEMENTS FOR TOP JOBS IN BLOC. (PHOTO).

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 EU leaders convene in Brussels, will discuss placements for top jobs in bloc


European Union leaders will debate policy goals for the next five years from defense to the economy, and who to place in top EU jobs, when they convene in Brussels on Monday.


The informal meeting will be the first leaders gathering since the European Parliament election, which proved good for the center-right and right-wing nationalists, but humiliating for French President Emmanuel Macron and German Chancellor Olaf Scholz.


The leaders are to discuss who should be the next presidents of the European Commission and European Council, and the foreign policy chief, but their minds seem already made up.


Germany's Ursula von der Leyen is in prime position to secure a second term as head of the EU executive, buoyed by gains for her center-right European People's Party.


Thirteen of the 27 EU leaders are from parties belonging to the EPP. With French and German support too, she would have the qualified majority she requires to be nominated.


France had previously weighed alternatives to von der Leyen, but with a snap parliamentary election called by Macron from June 30, the government now prefers EU stability.


Former Portugal Prime Minister António Costa is set to become the next president of the European Council, which would see the socialist chair summits from December.


Estonian Prime Minister Kaja Kallas, a liberal, is then in line to be nominated high representative for foreign affairs, ensuring a balanced geographical and political spread of jobs across the bloc.


The leaders' are due to confirm their choices at an EU summit on June 27-28. Von der Leyen would still then need backing from the European Parliament, which votes in its first session from July 16.


The full 27-member Commission, including the foreign policy chief, also needs parliamentary support.


EU leaders are also expected to discuss the next five-year legislative cycle, with a stress on common values, defense and economic competitiveness. They are due to confirm their "strategic agenda" guidance at the end-June summit.


The leaders should shortly have a report by Mario Draghi, former Italian premier and president of the European Central Bank, on boosting the EU's economic prospects. In a speech on Friday, he said the bloc needed cheaper energy and a capital markets union to steer private savings towards investment.

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