Connect with us

Published

on

President Joe Biden has issued a pardon for his son Hunter, who has been convicted of gun charges and pleaded guilty to federal tax evasion.

In a statement released by the White House, the US president said he had given clemency to Hunter, who was due to be sentenced later this month on two separate criminal cases.

“From the day I took office, I said I would not interfere with the Justice Department’s decision-making, and I kept my word even as I have watched my son being selectively, and unfairly, prosecuted,” he said.

“Without aggravating factors like use in a crime, multiple purchases, or buying a weapon as a straw purchaser, people are almost never brought to trial on felony charges solely for how they filled out a gun form.

“Those who were late paying their taxes because of serious addictions, but paid them back subsequently with interest and penalties, are typically given non-criminal resolutions.

“It is clear that Hunter was treated differently.”

Hunter Biden pleaded guilty to federal tax evasion earlier this year. He was also found guilty on charges related to gun possession and drug use.
Pic: Reuters
Image:
Hunter Biden pleaded guilty to federal tax evasion earlier this year. Pic: Reuters

Hunter, 54, was convicted of three firearm charges in June, marking the first criminal prosecution of a sitting US president’s child.

More on Hunter Biden

Prosecutors said he lied on a form when buying a Colt Cobra revolver in October 2018 by stating he was not a drug user or addict, despite having a problem with crack cocaine.

Two months later, Hunter pleaded guilty to federal tax charges. He was due to stand trial on criminal charges of failing to pay $1.4m (£1.06m) in taxes while allegedly spending lavishly on drugs, sex workers and luxury items.

The “full and unconditional pardon” covers both the gun charges and federal tax evasion, for which Hunter was due to be sentenced on 12 December and 16 December respectively.

Joe Biden, Jill Biden and Hunter Biden at the University of Pennsylvania graduation ceremony, 15 May 2023.
Pic: Reuters
Image:
Hunter was set to be sentenced on both criminal cases later this month. Pic: Reuters

‘Enough is enough’

In the statement, President Biden continued to say the charges against Hunter “came about only after several of my political opponents in Congress instigated them to attack me and oppose my election”.

The 82-year-old then said Hunter’s plea deal “agreed to by the Department of Justice, unravelled in the courtroom – with a number of my political opponents in Congress taking credit for bringing political pressure on the process”.

Noting Hunter’s battle with addiction, the president added: “No reasonable person who looks at the facts of Hunter’s cases can reach any other conclusion than Hunter was singled out only because he is my son – and that is wrong.

“There has been an effort to break Hunter – who has been five and a half years sober, even in the face of unrelenting attacks and selective prosecution.

“In trying to break Hunter, they’ve tried to break me – and there’s no reason to believe it will stop here. Enough is enough.”

Read more on the Bidens:
President Biden pardons two turkeys
Hunter: Republicans trying to ‘kill me’

U-turn from president

President Biden then said: “For my entire career I have followed a simple principle: just tell the American people the truth. They’ll be fair-minded.”

He insisted “I believe in the justice system,” but said he believes “raw politics has infected this process and it led to a miscarriage of justice,” before adding: “I hope Americans will understand why a father and a president would come to this decision.”

It marks a U-turn from the president, however, as he had previously categorically ruled out a pardon or commutation for his son.

President Biden told reporters as Hunter faced trial in the Delaware gun case: “I abide by the jury decision. I will do that and I will not pardon him.”

And as recently as 8 November – the day after Donald Trump was declared the winner in the 2024 election – White House press secretary Karine Jean-Pierre ruled out a pardon or clemency for Hunter.

“We’ve been asked that question multiple times,” she said. “Our answer stands, which is no.”

Read more from Sky News:
Temperatures set to plunge to -7C
How Ireland voted in maps and charts

Hunter Biden leaving court on Thursday. Pic: Reuters
Image:
Hunter was also found guilty on charges related to gun possession and drug use. Pic: Reuters

Hunter: Cases were ‘political sport’

In a separate statement on Sunday, Hunter said he has “admitted and taken responsibility for my mistakes during the darkest days of my addiction”, but said those mistakes “have been exploited to publicly humiliate and shame me and my family for political sport”.

He added: “In recovery we can be given the opportunity to make amends where possible and rebuild our lives if we never take for granted the mercy that we have been afforded.

“I will never take the clemency I have been given today for granted and will devote the life I have rebuilt to helping those who are still sick and suffering.”

In response to the pardon, Mr Trump took to Truth Social to call for the release of those imprisoned for the 6 Janaury riots, asking: “Does the Pardon given by Joe to Hunter include the J-6 Hostages, who have now been imprisoned for years?”

As of 6 August, the US Attorney’s Office for the District of Columbia said approximately 562 defendants who were sentenced over charges relating to storming the Capitol Building were jailed.

The president-elect then said: “Such an abuse and miscarriage of Justice!”

Continue Reading

World

Stock markets slump for second day running after Trump announces tariffs – in worst day for indexes since COVID

Published

on

By

Stock markets slump for second day running after Trump announces tariffs - in worst day for indexes since COVID

Worldwide stock markets have plummeted for the second day running as the fallout from Donald Trump’s global tariffs continues.

While European and Asian markets suffered notable falls, American indexes were the worst hit, with Wall Street closing to a sea of red on Friday following Thursday’s rout – the worst day in US markets since the COVID-19 pandemic.

As it happened: Worst week’s trading in five years

All three of the US’s major indexes were down by more than 5% at market close; The Dow Jones Industrial Average plummeted 5.5%, the S&P 500 was 5.97% lower, and the Nasdaq Composite slipped 5.82%.

The Nasdaq was also 22% below its record-high set in December, which indicates a bear market.

Read more: What’s a bear market?

Ever since the US president announced the tariffs on Wednesday evening, analysts estimate that around $4.9trn (£3.8trn) has been wiped off the value of the global stock market.

More on Donald Trump

Mr Trump has remained unapologetic as the markets struggle, posting in all-caps on Truth Social before the markets closed that “only the weak will fail”.

The UK’s leading stock market, the FTSE 100, also suffered its worst daily drop in more than five years, closing 4.95% down, a level not seen since March 2020.

And the Japanese exchange Nikkei 225 dropped by 2.75% at end of trading, down 20% from its recent peak in July last year.

Pic: Reuters
Image:
US indexes had the worst day of trading since the COVID-19 pandemic. Pic: Reuters

Trump holds trade deal talks – reports

It comes as a source told CNN that Mr Trump has been in discussions with Vietnamese, Indian and Israeli representatives to negotiate bespoke trade deals that could alleviate proposed tariffs on those countries before a deadline next week.

The source told the US broadcaster the talks were being held in advance of the reciprocal levies going into effect next week.

Vietnam faced one of the highest reciprocal tariffs announced by the US president this week, with 46% rates on imports. Israeli imports face a 17% rate, and Indian goods will be subject to 26% tariffs.

Please use Chrome browser for a more accessible video player

Do Trump’s tariffs add up?

Read more:
Markets gave Trump a clear no-confidence vote
There were no winners from Trump’s tariff gameshow

China – hit with 34% tariffs on imported goods – has also announced it will issue its own levy of the same rate on US imports.

Mr Trump said China “played it wrong” and “panicked – the one thing they cannot afford to do” in another all-caps Truth Social post earlier on Friday.

Later, on Air Force One, the US president told reporters that “the beauty” of the tariffs is that they allow for negotiations, referencing talks with Chinese company ByteDance on the sale of social media app TikTok.

Please use Chrome browser for a more accessible video player

Tariffs: Xi hits back at Trump

He said: “We have a situation with TikTok where China will probably say, ‘We’ll approve a deal, but will you do something on the tariffs?’

“The tariffs give us great power to negotiate. They always have.”

Continue Reading

World

Financial markets were always going to respond to Trump tariffs but they’re also battling with another problem

Published

on

By

Financial markets were always going to respond to Trump tariffs but they're also battling with another problem

Global financial markets gave a clear vote of no-confidence in President Trump’s economic policy.

The damage it will do is obvious: costs for companies will rise, hitting their earnings.

The consequences will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.

Tariffs latest: FTSE 100 suffers biggest daily drop since COVID

Financial investors had been gradually re-calibrating their expectations of Donald Trump over the past few months.

Hopes that his actions may not match his rhetoric were dashed on Wednesday as he imposed sweeping tariffs on the US’ trading partners, ratcheting up protectionism to a level not seen in more than a century.

Markets were always going to respond to that but they are also battling with another problem: the lack of certainty when it comes to Trump.

More on Donald Trump

He is a capricious figure and we can only guess his next move. Will he row back? How far is he willing to negotiate and offer concessions?

Read more:
There were no winners from Trump’s tariff gameshow
Trade war sparks ‘$2.2trn’ global market sell-off

These are massive unknowns, which are piled on to uncertainty about how countries will respond.

China has already retaliated and Europe has indicated it will go further.

That will compound the problems for the global economy and undoubtedly send shivers through the markets.

Much is yet to be determined, but if there’s one thing markets hate, it’s uncertainty.

Continue Reading

World

Court confirms sacking of South Korean president who declared martial law

Published

on

By

Court confirms sacking of South Korean president who declared martial law

South Korea’s constitutional court has confirmed the dismissal of President Yoon Suk Yeol, who was impeached in December after declaring martial law.

His decision to send troops onto the streets led to the country’s worst political crisis in decades.

The court ruled to uphold the impeachment saying the conservative leader “violated his duty as commander-in-chief by mobilising troops” when he declared martial law.

The president was also said to have taken actions “beyond the powers provided in the constitution”.

Demonstrators who stayed overnight near the constitutional court wait for the start of a rally calling for the president to step down. Pic: AP
Image:
Demonstrators stayed overnight near the constitutional court. Pic: AP

Supporters and opponents of the president gathered in their thousands in central Seoul as they awaited the ruling.

The 64-year-old shocked MPs, the public and international allies in early December when he declared martial law, meaning all existing laws regarding civilians were suspended in place of military law.

Read more from Sky News:
Highs and lows of Five-Year Keir
MP tells Sky News she was targeted online by Tate brothers

More on South Korea

The Constitutional Court is under heavy police security guard ahead of the announcement of the impeachment trial. Pic: AP
Image:
The court was under heavy police security guard ahead of the announcement. Pic: AP

After suddenly declaring martial law, Mr Yoon sent hundreds of soldiers and police officers to the National Assembly.

He has argued that he sought to maintain order, but some senior military and police officers sent there have told hearings and investigators that Mr Yoon ordered them to drag out politicians to prevent an assembly vote on his decree.

His presidential powers were suspended when the opposition-dominated assembly voted to impeach him on 14 December, accusing him of rebellion.

The unanimous verdict to uphold parliament’s impeachment and remove Mr Yoon from office required the support of at least six of the court’s eight justices.

South Korea must hold a national election within two months to find a new leader.

Lee Jae-myung, leader of the main liberal opposition Democratic Party, is the early favourite to become the country’s next president, according to surveys.

Continue Reading

Trending