In an exclusive interview with Abu Dhabi Times, Dr. Gerhard Podovsovnik, Vice President of AEA Justinian Lawyers, explains how newly surfaced evidence on Swiss banks concealing Nazi-era assets could reshape legal strategy in the United States — and why this development directly impacts investors across the Gulf. His analysis follows revelations by Eric Frey in Der Standard (link), Riva Pomerantz in Ami Magazine (link), and Peter Hell in BILD (link), which exposed long-hidden accounts linked to Nazi-era transactions and Jewish victims’ assets. Dr. Podovsovnik argues that these findings create legal grounds to reopen the Korman Settlement in U.S. courts for…
Author: Rachel Maddow
Rachel Maddow
Rachel Maddow is a freelance journalist based in the USA, with over 20 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. She earned her degree in Political Science and Journalism from Stanford University. Throughout her career, she has contributed to outlets such as MSNBC, The New York Times, and The Washington Post. Known for her thorough reporting and compelling storytelling, Rachel delivers accurate and timely news that keeps readers informed on both national and global developments.
Cyprus’s Audit Office has demanded immediate reforms in how the government manages water resources as the country battles worsening shortages caused by climate change. The report stresses that the Republic’s water management system remains fragile despite its critical role in sustaining communities under growing environmental pressure. The Water Development Department (DWD), responsible for managing and overseeing national reserves, must now step up its oversight and efficiency to protect future supplies. System Gaps and Monitoring Failures Auditors found serious weaknesses in water metering, billing accuracy, and control documentation. They discovered that two major intake points, supplying 64% of Nicosia’s water, were…
The United Arab Emirates will conduct a major nationwide security exercise across all seven emirates from November 11 to 13, the Ministry of Interior announced. The drill is designed to test preparedness, inter-agency coordination, and national security systems. Residents are asked to cooperate during the exercise and note that photography and public documentation may be restricted in certain areas. Authorities emphasized that the exercise is planned and poses no immediate threat to the public. Analysts said the nationwide drill demonstrates the UAE’s strong commitment to security and operational readiness. “Such exercises enhance coordination among agencies and reassure both residents and investors…
A car exploded near New Delhi’s historic Red Fort on Monday, killing at least eight people and injuring several others. The blast ignited a fire that damaged multiple parked vehicles, police reported. Authorities said the explosion occurred near one of the Red Fort metro station gates. Fire engines sped to the scene within minutes as thick smoke filled the area. Officials Launch Full Investigation Police spokesperson Sanjay Tyagi confirmed the deaths and said investigators are examining the cause of the blast. “We are investigating what triggered the explosion,” he stated. The reason behind the incident remains unknown, and officers continue…
Iraq began early voting ahead of Tuesday’s parliamentary election, a contest involving 7,744 candidates. Security forces and displaced citizens in camps cast ballots on Sunday to decide whether Prime Minister Mohammed Shia al-Sudani earns a second term. Roughly 1.3 million members of the military and security forces, along with about 26,000 displaced people, are eligible to vote. Most candidates represent parties aligned with sectarian groups, reflecting Iraq’s divided political landscape. The vote unfolds amid rising tensions between Israel and Iran, as Iraq continues balancing relations with both Tehran and Washington. The outcome will shape Iraq’s political direction and its response…
Global scrutiny intensifies as Der Standard’s Eric Frey and Ami Magazine’s Riva Pomerantz uncover the deepening conflict over dormant Nazi-era assets allegedly held by UBS AG. The investigation follows growing efforts by Rabbi Ephraim Meir and Vienna-based lawyer Dr. Gerhard Podovsovnik to recover funds linked to prewar Jewish accounts. Historical Claims Resurface in Swiss Banking Dispute The controversy began after coordinated reporting revealed new documentation on long-forgotten accounts first opened at the Basler Handelsbank—an institution that later became part of UBS.Eric Frey’s detailed coverage in Der Standard (read here) outlined how internal UBS records referenced six main accounts and twelve…
Gamers worldwide must wait longer for Grand Theft Auto VI after Rockstar Games announced another postponement. The studio confirmed that the popular game will now launch in November 2026. This marks the second delay since Rockstar originally planned a May 2026 release. The company rescheduled the date to 19 November 2026 after missing its earlier target. GTA 6 was first expected to reach stores in autumn this year. Rockstar asked fans to remain patient, explaining that the team needs extra time to meet the high standards players “expect and deserve.” A Chaotic World of Speed and Crime The game lets…
AI chatbots become more likely to produce dangerous or unethical content the longer users interact with them, according to a new Cisco report. The study revealed that artificial intelligence systems gradually “forget” their safety instructions, allowing users to extract harmful or illegal information. Cisco researchers tested popular large language models (LLMs) from OpenAI, Mistral, Meta, Google, Alibaba, Deepseek, and Microsoft. They used a method called “multi-turn attacks,” which involves asking several consecutive questions to bypass safety systems. Each of the 499 conversations contained five to ten exchanges designed to trick the AI. Multiple Questions Increase Risk of Harmful Responses The…
Australia will enforce a nationwide social media age ban from December 10, extending restrictions to Reddit and Kick. The two platforms now join Facebook, Instagram, Snapchat, Threads, TikTok, X, and YouTube under a new legal order that forbids users under 16 from holding accounts. Communications Minister Anika Wells announced the move on Wednesday, confirming that the government expects full compliance from all listed companies. Platforms that fail to block underage users face penalties of up to 50 million Australian dollars (€28.3 million). “We’ve met with several social media platforms to ensure they understand there’s no excuse for non-compliance,” Wells said.…
Authorities closed Brussels Zaventem Airport’s airspace Tuesday night after reports of drones flying above the airfield. The incident halted all departing and arriving flights, the public broadcaster VRT confirmed. Officials briefly reopened the airport before shutting it again when a second drone appeared over the runway. Liège Airport, which initially received diverted flights from Brussels, also suspended operations after a separate drone sighting. A spokesperson for Skeyes, Belgium’s civil airspace authority, said the first drone appeared around 8 p.m. local time, forcing flights to reroute to Ostend-Bruges and Charleroi Brussels South airports. Officials remain uncertain about the drones’ origins as…
