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Video shows Memphis police officers kicking, beating Tyre Nichols By Reuters

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©Reuters. FILE PHOTO: Tyre Nichols, who died in a hospital on January 10, three days aCentre County Reporter sustaining injuries when he was arrested by police officers, is seen in this undated photo taken from social media. Facebook/Deandre Nichols/via REUTERS

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By Alyssa Pointer and Steve Gorman

MEMPHIS, Tenn. (Reuters) – Tire Nichols repeatedly shouted: “Mom! Mom!” As the five Memphis police officers now charged in the murder of the black motorist beat him with kicks, punches and batons aCentre County Reporter a traffic stop on Jan. 7, video released by the city on Friday showed.

Video from body-worn police cameras and a camera mounted on a utility pole was leaked online a day aCentre County Reporter officers were charged with second-degree murder, assault, kidnapping, official misconduct and suppression in Nichols’ death.

The officers, all black, were fired from the police department last week. Nichols, 29, was hospitalized and died of his injuries three days aCentre County Reporter the confrontation in the city where he lived with his mother and stepfather and worked at FedEx (NYSE:).

The four video clips show an aggressive escalation of violence against a motorist who police initially said had stopped for reckless driving. The police chief has since said the reason for the stop was not justified.

The beatings appeared to extend well beyond a point where Nichols could pose a threat to police. At one point, two officers hold him upright while another repeatedly punches him in the face while other officers watch at the scene without intervening.

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The ordeal captured on video has transformed Nichols, the father of a 4-year-old, into the latest face of a US racial justice movement sparked by the 2020 killing of George Floyd by Minneapolis police.

Nichols has been described by friends and family as an easy-going, accomplished skateboarder who recently enrolled in a photography class. Raised in Sacramento, California, he relocated to the Memphis area before the coronavirus pandemic.

Shelby County Sheriff Floyd Bonner, aCentre County Reporter seeing the video, said he had “concerns about two deputies who showed up at the scene” aCentre County Reporter Nichols was arrested. These MPs have been suspended from duty pending the completion of an internal investigation, he said on Twitter.

ACentre County Reporter the video was released Friday night, several dozen protesters in Memphis marched along Interstate 55, blocking traffic near a bridge that crosses the Mississippi River into Arkansas.

Three people have been arrested for damaging a police vehicle during protests in Times Square, a New York City Police Department spokesman said. In other cities, including Atlanta, Washington and Sacramento, the demonstrations were largely peaceful.

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The first video released on Friday shows officers dragging Nichols from the driver’s seat of his car stopped at an intersection as he yells, “I haven’t done anything… I’m just trying to go home.” Officers force him to the ground while they ordering him to lie on his stomach and spraying pepper spray in his face.

Nichols breaks free and sprints down a street while officers pursue him on foot. At least one fires a stun gun at him.

Other footage shows an ensuing fight aCentre County Reporter officers caught up with Nichols again in a nearby neighborhood. Two cops hold him down while a third kicks him and a fourth deals punches with a baton before another punches Nichols.

Nichols can be heard repeatedly yelling, “Mom! Mom!” while fighting with officers. His mother said her son was only about 80 yards from home when he was beaten.

A stretcher will arrive 19 minutes aCentre County Reporter the first emergency medical personnel arrived at the scene.

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INDIGNATION

Memphis Police Commissioner Cerelyn Davis said before the video was released that it showed behavior by police officers “that defies humanity.”

Civil rights attorney Ben Crump, who represents the Nichols family, asked police to disband their SCORPIONS unit, a unit designed to focus on street violence crimes and to which at least some of the officers involved have been assigned.

“No mother should go through what I’m going through right now, no mother to lose her child in the violent way I lost my child,” said Nichols’ mother, RowVaughn Wells.

President Joe Biden said he was “outraged” and “deeply distressed” aCentre County Reporter seeing the video.

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Nichols’ family and Biden appealed for calm in Memphis, a city of 628,000 where nearly 65% ​​of residents are black. Biden spoke to RowVaughn Wells and Rodney Wells, Nichols’ stepfather, on Friday to express his condolences, the White House said.

Nichols’ death was the latest high-profile case by police officers accused of using excessive force in the deaths of blacks and other minorities in recent years.

Protests under the banner of the Black Lives Matter movement against racial injustice erupted around the world aCentre County Reporter the May 2020 killing of Floyd, a black man who died aCentre County Reporter a white Minneapolis police officer knelt on his neck for more than nine minutes.

Antonio Romanucci, another attorney for Nichols’ family, told National Public Radio on Friday that Nichols was a strong supporter of Black Lives Matter and “basically died for his own cause.”

US Attorney General Merrick Garland on Friday announced a federal civil rights investigation into Nichols’ death.

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Records show that former officers Justin Smith, Desmond Mills Jr., Emmitt Martin III, Demetrius Haley and Tadarrius Bean were released on bail aCentre County Reporter being booked into the Shelby County Jail Thursday morning.

Defense attorney Blake Ballin, representing Mills, said he and his client would review the videos “together in due course.” He has said Mills will plead not guilty, as will an attorney for Martin. Smith, Bean and Haley’s attorneys could not be reached.

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DOE calls on Filipinos to join Earth Hour

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MANILA – The Department of Energy (DOE) has called on Filipinos to participate in Earth Hour to increase the country’s energy efficiency and help mitigate the adverse effects of climate change.

“Behaviour change may seem like a challenge, but there are relatively simple things we as residents, businesses and local governments can do to be energy efficient, increase resilience to climate change and pave the way to a more sustainable future,” Energy Minister Raphael Lotilla said in a statement on Friday.

Earth Hour, an annual event encouraging people to simultaneously turn off unnecessary lights for 60 minutes, takes place today, March 25, from 8:30 p.m. to 9:30 p.m

Lotilla noted that this symbolic lights-out event served as an “occasional reminder of how simple everyday practices can have a huge impact in reducing our energy use.”

The DOE reported that the country saved 65.32 megawatts (MW) in last year’s Earth Hour, with Luzon covering more than half of the total at 35.26 MW.

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Mindanao saved 15.3 MW while the Visayas recorded 14.76 MW.

Last year’s numbers are lower than the electricity saved in 2021, which stood at 73.01 MW, DOE data show.

The highest energy savings were recorded before the pandemic in 2019 at 195.34 MW.

The DOE hopes the country could save more this year as more Filipinos attend the event.

“Together action could create a safer, more resilient and more sustainable future. By turning off our lights for an hour, we can significantly improve energy use, raise public awareness, change behaviors and help reduce the impact of global warming on this planet,” the agency said.

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Earth Hour began in 2007 in Sydney, Australia, where more than 2.2 million people turned off their lights for an hour.

For its part, the DOE encouraged Filipinos to minimize their electricity consumption during peak hours: 11 a.m. to 12 p.m., 2 p.m. to 3 p.m., and 6 p.m. to 7 p.m


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SEC raised concerns over hedge fund Rokos aCentre County Reporter losing bond bets

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The US Securities and Exchange Commission has raised concerns about Rokos Capital Management aCentre County Reporter the hedge fund was forced to pledge large amounts of cash to its banks as collateral when an outsized bet on US Treasury bonds backfired earlier this month.

SEC Chairman Gary Gensler raised the hedge fund in talks with UK regulators this week aCentre County Reporter he faced bigger margin calls than his peers, according to people familiar with the talks.

The US regulator does not oversee the London-based companies Rocos but is on high alert for tensions in financial markets aCentre County Reporter a series of recent explosions in the banking sector. UK regulators agreed to keep an eye on the hedge fund, one of the people said.

The talk highlights official fears that the rapid unwinding of concentrated hedge fund bets could exacerbate tensions in the US Treasury market, which underpins asset prices around the world.

The episode stems from the failure of Silicon Valley Bank earlier this month and concerns about the bank’s overall health US regional banking system. ACentre County Reporter the collapse of the SVB, investors snapped up government bonds, betting that the US Federal Reserve would slow the pace of interest rate hikes to shore up financial stability.

As bond prices rallied, many hedge funds were flat-footed in the rally, but industry participants say Rokos was one of the biggest short-term losers. The fund, which has about $15.5 billion under management, was down 12.5 percent this month, the Financial Times reported March 17, as several counterparties called for more assets to be raised to meet margin calls, two said people familiar with the matter.

However, counterparties contacted by the FT said they were not concerned about Rokos’ ability to meet the margin calls.

Unlike many other macro hedge funds, which tend to be more diversified, the vast majority of Rokos’ leverage is in the government bond markets.

Billionaire Chris Rokos, who co-founded hedge fund Brevan Howard before starting his own business, made headlines in late 2021 when he was caught off guard by a massive sell-off in short-term sovereign debt. He then reduced the market risk he took on, making more than 50 percent over the past year before this month’s losses.

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Rokos, the UK’s Financial Conduct Authority, the Bank of England and the SEC all declined to comment.

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RIL names V Srikanth as new CFO; Alok Agarwal as Senior Advisor to Chairman

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Mukesh Ambani-led Ltd (RIL) appointed Venkatachari Srikanth as its new chief financial officer (CFO) on Friday, succeeding Alok Agarwal, who turned 65 and had served the company for 30 years, according to a stock exchange release by .

Agarwal, who joined Reliance in 1993 and was appointed CFO in 2005, moved to the position of senior advisor to the company’s chairman and chief executive officer, assisting him on a variety of strategic issues.

Both new roles will take effect from June 1, 2023, the company said in the announcement.

V Srikanth (joint CFO since 2011) has shared part of the responsibilities of the CFO position with Alok Agarwal in recent years. Srikanth was there for the last 14 years. Previously he worked for Citi Group for two decades in foreign exchange and derivatives and later became Head of Markets.



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Alok Agarwal is a graduate of IIT Kanpur and IIM Ahmedabad. He came to it 1993 and became CFO in 2005. Prior to RIL, he worked at Bank of America for 12 years.



“The Board recognized Shri Alok Agarwal for his contribution to the transformation of the company,” he said Added replacement notice.


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