class="archive paged author author-jyothi author-1 custom-background wp-custom-logo wp-embed-responsive paged-53 author-paged-53 wp-theme-twentytwenty ally-default enable-search-modal has-no-pagination showing-comments show-avatars footer-top-visible elementor-default elementor-kit-376">
Categories
News

Former Sri Lankan Intelligence Head Arrested in Easter Bombings Probe

bestbauch colombo 255409 1920 BizWire

Sri Lanka’s criminal investigators have arrested former intelligence chief Major-General Suresh Sallay over his alleged role in the devastating 2019 Easter Sunday bombings, which killed 279 people and injured more than 500, authorities said on February 25, 2026.

Arrest and charges

Police said Sallay was taken into custody at dawn from a suburb of the capital, Colombo. Investigators accuse him of conspiracy and aiding and abetting the coordinated suicide attacks, according to officials speaking to AFP.

Sallay has repeatedly denied the allegations.

Deadly coordinated attacks

The Easter Sunday bombings on April 21, 2019, targeted:

  • Three churches filled with Easter worshippers
  • Three luxury hotels hosting guests during breakfast

The nearly simultaneous suicide attacks also killed 45 foreign nationals and severely impacted Sri Lanka’s tourism-dependent economy.

Authorities initially blamed a local extremist group, but questions persisted over whether intelligence officials had prior knowledge of the attacks.

Allegations of intelligence links and political motives

A major controversy emerged after a 2023 investigation by Britain’s Channel 4 television network reported that:

  • Sallay had allegedly met individuals linked to the attackers
  • A whistleblower claimed he allowed the attacks to proceed
  • The alleged motive was to influence the 2019 presidential election

Just two days after the bombings, former defence secretary Gotabaya Rajapaksa announced his presidential candidacy and later won the election in a landslide, promising stronger national security.

Following Rajapaksa’s victory, Sallay was promoted to head Sri Lanka’s State Intelligence Service (SIS).

Renewed investigations under new government

After President Anura Kumara Dissanayake took office in 2024, he pledged to reopen investigations and hold accountable anyone involved in the attacks.

Sallay was subsequently removed from his intelligence post. His arrest now marks one of the most significant developments in the long-running investigation into one of Sri Lanka’s deadliest terror incidents.

Categories
News

Indian Embassy urges citizens to leave Iran amid protests and rising tensions

antonio cansino women 4918430 1920 BizWire

Indian Embassy advisory: Leave Iran immediately

  • The Indian Embassy asked students, pilgrims, businesspersons, and tourists to leave Iran using all available transport, including commercial flights.
  • Citizens were instructed to:
    • Keep passports and immigration documents ready
    • Stay in contact with the embassy for assistance
    • Follow official updates closely
  • Helpline numbers and emergency support have been made available.

This advisory reflects growing concern about possible military escalation and internal instability.

Student protests erupt across Iranian universities

  • Anti-government protests have intensified at several universities, especially in Tehran.
  • Major demonstrations were reported at:
    • Sharif University of Technology
    • Other educational institutions in Tehran
  • Students chanted anti-government slogans and clashed with security forces and pro-government supporters.
  • Social media footage verified by international media showed confrontations near university campuses.

These protests are linked to economic hardships, political dissatisfaction, and tensions with the United States.

Rising tensions increase safety risks

The advisory comes amid multiple risk factors:

  • Threat of potential US military action against Iran
  • Large-scale US military deployment in the Middle East
  • Iran’s warning that any attack would trigger retaliation
  • Growing domestic unrest and protests
  • Increasing uncertainty about safety and transportation

Why India issued the advisory

India often issues evacuation advisories when there is risk of:

  • War or military conflict
  • Civil unrest and protests
  • Airspace closures or transport disruptions
  • Threats to foreign nationals

Such advisories are precautionary and meant to protect Indian citizens.

What Indian nationals in Iran should do

According to embassy guidance, Indians should:

  • Leave Iran immediately if possible
  • Monitor official embassy updates
  • Keep documents ready
  • Avoid protest areas and public gatherings
  • Stay in contact with Indian authorities
Categories
Uncategorized

Iran-US tensions escalate: Trump warns of “very bad day” for Tehran if nuclear deal fails

brainin iran 716331 1920 BizWire

Tensions between the United States and Iran have sharply intensified ahead of a critical round of nuclear negotiations scheduled for February 26 in Geneva. US President Donald Trump issued a stark warning to Tehran, saying it would face severe consequences if it failed to agree to a nuclear deal, even as both sides kept diplomatic channels open.

Here is a clear summary of the key developments:

Trump’s ultimatum and military warning

  • Donald Trump warned Iran that failure to agree to a nuclear deal within a 10–15 day timeframe would result in a “very bad day” for Tehran.
  • He said a military strike would be “easily won,” but emphasized that he prefers a diplomatic agreement instead of conflict.
  • Reports indicate Trump has been presented with several military options, including limited strikes targeting Iranian facilities.
  • Despite the warning, US officials confirmed negotiations will continue in Geneva this week.

Nuclear talks in Geneva seen as crucial turning point

  • The next round of nuclear talks between US and Iranian negotiators will take place on February 26 in Geneva.
  • Oman is acting as a mediator between the two countries.
  • Iran is reportedly preparing a draft proposal and has called for a “swift and result-oriented” agreement.
  • Iranian President Masoud Pezeshkian said previous talks showed progress but insisted Iran would not surrender to external pressure.

Massive US military buildup in the Middle East

  • The US has deployed one of its largest military presences in the region in recent years.
  • Currently stationed in the Middle East:
    • Aircraft carrier USS Abraham Lincoln
    • 9 destroyers
    • 3 frigates
    • Additional aircraft and support units
  • This buildup is intended to increase pressure on Iran and prepare for possible military action if talks fail.

Iran warns of retaliation if attacked

  • Iran has declared any US strike—limited or full-scale—would be treated as an “act of aggression.”
  • Iranian officials warned that the country would respond “ferociously” under its right to self-defence.
  • Iran’s leadership stressed it remains open to diplomacy but will not accept threats.

Internal protests and rising instability in Iran

  • Anti-government protests have erupted at major universities in Tehran and Mashhad.
  • Students chanted slogans against the government amid economic hardship and political unrest.
  • Authorities warned protesters of strict action, highlighting internal tensions alongside external pressure.

India and other countries issue travel advisories

  • India has advised its citizens in Iran to leave the country immediately using commercial flights or other transport.
  • The Indian Embassy also issued helpline numbers and urged nationals to keep travel documents ready.
  • The United States has withdrawn non-essential diplomatic staff from nearby Lebanon due to security concerns.

Global impact: oil, gold, and geopolitical risk

  • Oil prices fluctuated amid fears of supply disruption if war breaks out.
  • Gold prices rose to a three-week high as investors sought safe-haven assets.
  • Rising tensions could destabilize the entire Middle East and affect global energy markets.

Current situation: diplomacy vs conflict

At present, the situation remains highly volatile, with two possible outcomes:

  • Diplomatic solution: If both sides reach agreement in Geneva, tensions could ease significantly.
  • Military escalation: If talks fail, the risk of US strikes and Iranian retaliation could trigger a wider regional conflict.
Categories
News

Bangladesh Army Leadership Overhauled as Tarique Rahman Forms Government India Defence Adviser Recalled

military material us army 2526752 1920 BizWire

Just days after Tarique Rahman assumed office as Bangladesh’s new Prime Minister, the country’s military underwent a major top-level reshuffle. The changes affect key strategic commands and Bangladesh’s premier military intelligence agency, according to Dhaka Tribune.

The Bangladesh Nationalist Party (BNP) secured a two-thirds majority in the February 12 elections. Rahman, 60, took the oath on February 17, ending Muhammad Yunus’ 18-month administration. Following this, the Army Headquarters issued several high-profile postings and promotions, signaling the government’s intent to consolidate leadership at critical positions.

Key Changes in the Bangladesh Army

  • Lieutenant General M Mainur Rahman – Formerly Chief of the Army Training and Doctrine Command (ARTDOC), appointed Chief of General Staff (CGS), succeeding Lieutenant General Mizanur Rahman Shamim, who retired. Rahman’s new role places him at the center of operational planning and strategic decision-making.
  • Major General Kaiser Rashid Chowdhury – Previously a brigadier general at Army Headquarters, promoted to major general and appointed Director General of Directorate General of Forces Intelligence (DGFI). He replaces Major General Mohammad Jahangir Alam, who has been deputed to the Ministry of Foreign Affairs as an ambassador. The DGFI leadership change comes at a critical time as the new government seeks tighter oversight over intelligence operations.
  • Lieutenant General Mir Mushfiqur Rahman – Newly promoted, replaces Lieutenant General SM Kamrul Hasan as Principal Staff Officer (PSO). Hasan has been attached to the foreign ministry for potential ambassadorial duties abroad. The PSO is a key link between the Prime Minister’s office and the Army Headquarters, making this a strategically important appointment.
  • Brigadier General Mohammad Hafizur Rahman – Recalled from his post as defence adviser at the Bangladesh High Commission in India, promoted to major general, and appointed GOC of the 55th Infantry Division. Hafizur Rahman’s return underscores the government’s focus on placing trusted officers in senior operational roles.
  • Major General JM Imdadul Islam – Former GOC of the 55th Infantry Division, now appointed Commandant of the East Bengal Regimental Centre (EBRC), responsible for training and regimental administration.

Strategic Implications

Observers note that the reshuffle not only reflects a routine post-election transition but also indicates the BNP government’s effort to place loyal and experienced officers in positions that influence both military operations and intelligence. Analysts suggest that these changes may impact Bangladesh’s regional military posture, especially in relation to its South Asian neighbors, including India.

The new appointments come amid heightened expectations for civil-military cooperation under Tarique Rahman’s administration, as well as ongoing efforts to modernize and streamline the Army’s command structure. Officials say that the reshuffle aims to strengthen internal cohesion while maintaining operational readiness across all strategic sectors.

Categories
News

Modi’s Strategic Shift Toward Netanyahu Reshaped India’s Israel–Palestine Balance

geralt usa 1779925 1920 BizWire

NEW DELHI – When Prime Minister Narendra Modi arrived at Israel’s Ben Gurion Airport in July 2017, Israeli Prime Minister Benjamin Netanyahu personally welcomed him with a hug, symbolising a dramatic shift in relations between the two countries. The visit marked the first time an Indian prime minister had travelled to Israel, underscoring what Modi described as a “path-breaking journey” and a turning point in bilateral ties.

Nearly a decade later, analysts say India-Israel relations have transformed from a cautious and largely behind-the-scenes partnership into a highly visible strategic alliance. Modi has frequently referred to Netanyahu as a “dear friend,” highlighting the growing political and personal rapport between the two leaders.

Shift from historical pro-Palestine stance

India was once among the strongest supporters of Palestinian statehood. It opposed the United Nations’ 1947 partition plan and recognised Palestine in 1988, aligning itself with anti-colonial movements and Global South solidarity.

However, geopolitical changes following the Cold War prompted New Delhi to reassess its foreign policy priorities. India formally established diplomatic relations with Israel in 1992, paving the way for expanded cooperation.

Under Modi’s leadership since 2014, that relationship has accelerated significantly. Analysts point to increased defence cooperation, intelligence sharing, and technological collaboration as key drivers of the strengthened partnership.

Defence and technology ties deepen

Israel has emerged as one of India’s top defence suppliers, providing advanced military systems including surveillance drones, missile defence systems, and electronic warfare technology. Security cooperation has intensified as both countries face regional security challenges and share counterterrorism priorities.

Beyond defence, collaboration has expanded into agriculture, water management, cybersecurity, and innovation. Israeli expertise in irrigation and farming technologies has been integrated into Indian agricultural programmes, particularly in drought-prone regions.

Indian officials describe the relationship as pragmatic and mutually beneficial, arguing that Israel’s technological capabilities make it an important strategic partner.

Impact on India-Palestine relations

Despite strengthening ties with Israel, India has continued to maintain formal diplomatic relations with Palestine and publicly support a two-state solution. However, analysts say India’s approach has become more balanced — or more cautious — compared with its earlier unequivocal support for Palestinian causes.

Some experts argue that India’s closer alignment with Israel reflects broader geopolitical priorities, including access to defence technology and closer ties with Western allies. Others say India is attempting to balance its relations with Israel while maintaining partnerships across the Arab world.

Strategic realignment in a changing world

India’s evolving relationship with Israel reflects broader changes in global geopolitics and New Delhi’s shift toward strategic partnerships based on economic, technological, and security interests.

As Modi prepares for another visit to Israel, the partnership underscores India’s growing emphasis on strategic autonomy — pursuing stronger ties with multiple global powers while navigating complex regional dynamics

Categories
News

AFYREN obtient la certification FSSC 22000 pour son usine AFYREN NEOXY

ben kerckx image 1004414 1920 BizWire

AFYREN (Euronext: ALAFY), greentech française spécialisée dans les produits biosourcés et bas-carbone issus d’une technologie de fermentation naturelle et circulaire, annonce l’obtention de la certification FSSC 22000 pour son usine AFYREN NEOXY, située à Saint-Avold (Grand Est).

Une référence mondiale en matière de sécurité alimentaire

La certification FSSC 22000 constitue le plus haut niveau de reconnaissance en matière de sécurité des denrées alimentaires au niveau international. Alignée sur les standards ISO et reconnue par la Global Food Safety Initiative (GFSI), elle garantit la conformité aux exigences les plus strictes du secteur agroalimentaire.

Cette certification répond à la demande croissante en matière de traçabilité, de maîtrise des risques et de sécurité des produits. Elle engage AFYREN dans une démarche structurée de « Food Safety Culture », fondée sur l’implication de la direction, la formation continue des équipes, la communication interne et l’amélioration permanente des processus.

Un atout stratégique pour les marchés alimentaires

« La certification FSSC 22000 est incontournable pour s’inscrire durablement sur le marché agroalimentaire. Elle atteste de notre engagement concret dans l’amélioration continue et représente un gage de qualité et de performance pour nos partenaires et clients dans les secteurs stratégiques de l’alimentation humaine, de l’alimentation animale et des arômes », explique Joachim Merziger, Directeur commercial d’AFYREN.

Délivrée par un organisme tiers indépendant à l’issue d’un audit approfondi des processus internes, la certification est valable trois ans et fera l’objet d’audits de surveillance annuels.

Elle vient renforcer la crédibilité industrielle d’AFYREN auprès de ses clients européens et internationaux, notamment dans les secteurs soumis à des exigences réglementaires strictes.

Une démarche globale de qualité et de durabilité

L’obtention de la FSSC 22000 s’inscrit dans une stratégie globale de qualité et de conformité réglementaire. AFYREN dispose déjà ou est en cours d’obtention d’autres certifications reconnues telles que ECOCERT, UAB, COSMOS, Responsible Care® et ISO 9001.

Fondée en 2012, AFYREN développe une technologie propriétaire de fermentation naturelle valorisant des résidus agricoles non alimentaires afin de remplacer des ingrédients d’origine fossile. Ses solutions 100 % biosourcées, bas-carbone et circulaires s’adressent à de multiples secteurs stratégiques :

  • Nutrition humaine et animale
  • Arômes et parfums
  • Sciences de la vie
  • Matériaux
  • Lubrifiants et fluides techniques

Sa première usine, AFYREN NEOXY, coentreprise avec le fonds SPI de Bpifrance, vise principalement le marché européen.

Avec cette nouvelle certification, AFYREN confirme sa capacité à conjuguer performance industrielle, conformité réglementaire et transition écologique, renforçant ainsi sa position d’acteur clé de la décarbonation des chaînes d’approvisionnement industrielles.

Categories
News

Russian Drone Barrage Targets Ukraine’s Energy Grid, Cities Suffer Heavy Damage

thedigitalartist armageddon 2721568 1920 BizWire

The war between Russia and Ukraine entered its 1,460th day on February 23, with intensified drone and missile strikes targeting major cities and critical infrastructure across Ukraine.

Civilian casualties and damage reported

Russian missile and drone attacks killed at least three people and injured dozens across multiple Ukrainian regions, including Odesa, Zaporizhzhia, and Lviv. In Lviv, near Ukraine’s border with Poland, a 23-year-old police officer was killed and at least 24 others were wounded in what local officials described as a “terrorist act.”

Ukraine’s capital Kyiv and surrounding areas also came under overnight assault, leaving one person dead and 17 injured, including four children. Several residential buildings were damaged, forcing emergency teams to conduct rescue and recovery operations.

Energy infrastructure remains a major target

The latest wave of attacks again focused on Ukraine’s energy infrastructure, triggering power outages in Kyiv and several other regions, including Dnipro, Poltava, Mykolaiv, and Sumy. Ukraine’s power operator said energy facilities, railway infrastructure, and civilian housing were among the damaged sites.

Ukrainian air defence units reported that Russia launched a total of 345 aerial weapons, including 50 missiles and 297 drones, with many intercepted before reaching their intended targets.

Ukraine strikes back with drone attacks

Ukraine also carried out drone strikes targeting Russian-controlled territories and infrastructure. A Ukrainian drone attack caused a fire at a fuel storage site in Luhansk, while Russian officials said missile and drone strikes in Belgorod disrupted electricity, heating, and water supplies.

Authorities in Moscow briefly suspended airport operations after air defence systems intercepted multiple Ukrainian drones approaching the capital.

Calls for tougher international sanctions

Ukrainian officials urged the international community to increase pressure on Moscow. Ukraine’s foreign minister called for stronger sanctions, warning that continued attacks on civilian and energy infrastructure pose a major threat to national security and humanitarian conditions.

Conflict continues ahead of invasion anniversary

The renewed escalation comes just days before the anniversary of Russia’s full-scale invasion of Ukraine, highlighting ongoing instability and the lack of a negotiated settlement. Military activity remains intense on both sides, with drone warfare playing an increasingly dominant role in the conflict.

Categories
News

Axip Energy Services Files Chapter 11, Secures Financing to Support Asset Sale

wal 172619 chimneys 9599975 1920 BizWire

Axip Energy Services, LP has filed for Chapter 11 bankruptcy protection as part of a strategic plan to facilitate a value-maximizing sale of its assets while maintaining uninterrupted operations and customer services.

The Houston-based natural gas compression services provider announced it has entered into a stalking horse agreement with Service Compression, LLC for the sale of substantially all of its assets. The agreement establishes a baseline offer intended to attract additional bids and ensure the highest possible value for stakeholders during the court-supervised sale process.

To maintain business continuity during restructuring, Axip secured approximately $104.8 million in debtor-in-possession (DIP) financing. This package includes about $25.5 million in new funding, which will help the company meet operational expenses, support employees, and continue providing field and technical services throughout the Chapter 11 proceedings.

Company leadership emphasized that the restructuring is a proactive step designed to strengthen Axip’s long-term position under new ownership. The process aims to preserve operational stability and maintain service quality for customers while enabling a smooth transition.

Axip has also filed customary “first day” motions with the U.S. Bankruptcy Court for the Southern District of Texas. These motions seek approval to continue paying employee wages, maintain vendor relationships, and ensure uninterrupted service delivery during the restructuring period.

The company expects the Chapter 11 process, combined with the stalking horse agreement and secured financing, to provide a structured path toward completing a sale, preserving jobs, and supporting ongoing operations while maximizing value for creditors and stakeholders.

The stalking horse bidder structure also encourages competitive bidding, which could result in higher offers and improved recovery outcomes for creditors. This approach is commonly used in restructuring cases to create transparency and market-driven asset valuation.

Axip’s ability to secure substantial DIP financing demonstrates lender confidence in the company’s operational viability and asset value. It also ensures the company can continue fulfilling customer contracts and maintaining its service network without disruption.

Moving forward, Axip will work closely with the court, lenders, and potential buyers to complete the sale process efficiently. The company remains focused on safety, operational excellence, and delivering reliable compression services throughout the restructuring period.

Categories
News

Almirall Reports Strong 2025 Growth, Surpasses €1 Billion in Net Sales Driven by Dermatology Portfolio

mariakray chart 6765401 1920 BizWire

Almirall, the Barcelona-based global biopharmaceutical company, reported strong financial results for 2025, achieving double-digit growth across key performance metrics and reinforcing its leadership in medical dermatology.

The company recorded net sales of €1.108 billion, marking a 12.4% increase compared to 2024. Total revenue rose 12.5% to €1.114 billion, while EBITDA grew significantly by 20.9% to €232.9 million, reflecting sustained operational strength and effective commercial execution across its core markets.

Almirall’s European dermatology business remained the primary growth driver, with net sales increasing 25.6% year-on-year to €608 million. The company’s biologics portfolio continued to play a critical role, particularly Ilumetri®, which generated €234.4 million in sales, and Ebglyss®, which recorded rapid growth with sales exceeding €110.8 million in its second year after launch.

Other dermatology products also delivered strong performance. Wynzora® sales increased 30.5% to €33.8 million, while Klisyri® grew 33.9% to €32.8 million, strengthening Almirall’s position as a trusted partner for dermatologists and patients managing chronic skin conditions.

The company’s profitability improved significantly, with net income rising to €46.2 million from €10.1 million in 2024. Normalized net income more than doubled, reflecting improved operational efficiency, strong product demand, and disciplined cost management.

Almirall also maintained strong investment in research and development, allocating €138.1 million, equivalent to 12.5% of net sales, to advance its dermatology pipeline. Key milestones included launching Phase II clinical trials targeting hidradenitis suppurativa and alopecia areata, as well as regulatory approvals for Jublia® in Germany and Seysara® in China.

The company ended 2025 with a strong financial position, reporting zero net debt relative to EBITDA and generating €174.5 million in operating cash flow. Gross margin remained stable at 64.4%, supporting continued reinvestment in innovation and expansion.

Looking ahead, Almirall expects continued growth in 2026, projecting net sales growth of 9% to 12% and EBITDA between €270 million and €290 million. The company aims to further expand its biologics portfolio and advance its research pipeline to address unmet medical needs in dermatology.

Almirall’s leadership emphasized that strong commercial performance, expanding biologics adoption, and continued innovation will support its long-term growth strategy and strengthen its impact on patients living with skin diseases worldwide.

Categories
News

Infiniti Dealers Lead 2026 Web Response Rankings as AI and Automation Transform Customer Engagement

geralt future 4127468 1920 BizWire

Infiniti dealerships ranked highest in the 2026 Pied Piper Internet Lead Effectiveness (ILE) Study, highlighting the growing role of artificial intelligence and automation in improving customer response times and engagement across the automotive industry.

The study evaluated responses to online customer inquiries submitted to 3,290 dealership websites across major automotive brands. Infiniti achieved an average score of 82 out of 100, significantly outperforming the industry average of 71. Cadillac, Honda, Acura, Subaru, and Toyota followed closely behind in overall rankings.

The findings show that AI-powered automation and digital tools have dramatically improved how dealerships respond to potential buyers. Industrywide, 51% of dealerships provided what the study classified as a “perfect response,” meaning they answered customer questions quickly and used multiple communication channels such as email, text, and phone. This rate has doubled over the past five years, reflecting rapid adoption of AI-driven customer engagement systems.

Dealerships also expanded their use of texting, with 54% of inquiries receiving responses via text message, compared to just 38% the previous year. Phone outreach also increased significantly, with nearly 75% of customers receiving calls, improving the chances of successful communication and conversion.

However, the study also identified risks associated with automation. When AI systems required human intervention to handle complex customer questions, response quality declined sharply. In such cases, inquiries were twice as likely to go unanswered, highlighting gaps in coordination between automated systems and dealership staff.

Another key finding involved AI-powered search tools. ChatGPT and similar platforms are increasingly used by customers to locate dealerships and vehicles. The study revealed that while ChatGPT listed the correct dealership first 77% of the time, it failed to mention the dealership at all in 9% of cases, even when the requested vehicle was available locally. Additionally, only 30% of responses included direct links to vehicle listings, suggesting significant opportunities for dealerships to improve their digital visibility.

The study emphasized that successful dealerships combine AI automation with strong human support. While AI systems efficiently handle routine inquiries, trained staff remain essential for addressing complex questions and completing sales conversions.

Experts noted that dealerships that improved their ILE scores from below 40 to above 80 historically achieved up to 50% higher sales from the same number of online leads, demonstrating the direct financial impact of effective customer response strategies.

Overall, the 2026 study highlights how AI and automation are reshaping the automotive retail landscape. Dealerships that successfully integrate advanced technology with responsive human support are gaining a competitive advantage, improving customer satisfaction, and increasing sales performance in an increasingly digital marketplace.

Exit mobile version