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Deutsche Bank funded firm selling cluster bombs to Libya

Deutsche Bank reportedly helped financed the firm supplying Libyan dictator Muammar Qaddafi with cluster bombs of the sort his military recently dropped over the rebel-held town of Misrata.

Deutsche Bank funded firm selling cluster bombs to Libya

United Nations High Commissioner for Human Rights Navi Pillay said in a statement on 20 April 2011 that the Libyan government forces may have committed war crimes by using heavy weapons and cluster munitions against civilians there.

The German bank granted Spanish company Instalaza a more than €3.1 million loan according to information from non-governmental organisation Urgewald, as reported in the weekly Die Zeit on Wednesday.

Cluster bombs are a controversial munition due to the fact they present a huge danger to civilians. Designed to kill enemy personnel and disable equipment, they are a collection of small bomblets scattered over a wide area. But these often remain unexploded until someone steps on them or picks one up.

According to the Cluster Munition Coalition, a pressure group pushing for a global ban, 60 percent of cluster bomb casualties are injured while undertaking their normal activities. A third of all recorded cluster bomb casualties are children, the group says.

More than 100 countries signed the Convention on Cluster Munitions at the end of 2008 – it became binding international law for those who signed at the start of August 2010. The convention bans not only the use but also the support of manufacture of cluster bombs.

A spokesman for Deutsche Bank told Die Zeit he could not comment on specific customer relationships, but denied the bank financed the sale of controversial munitions.

“Deutsche Bank does no business directly connected to certain types of weapons like personnel landmines, cluster bombs or ABC weapons,” he said.

The paper said the Deutsche Bank loan was made in 2007 and reported that other German companies have continued to invest in cluster bomb manufacturers since then. More than a dozen insurers offer Germans taking part in the so-called Riester pension scheme can put their money in funds which have invested in cluster bomb makers.

These include Deutscher Ring, Basler, Condor, Stuttgarter, Volkswohlbund and WWK. The paper noted that because the Riester contracts are co-funded by the German government, it should be assumed that public money is also finding its way into the coffers of cluster bomb manufacturers.

The Local/hc

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DEFENCE

France recruits 1,800 extra staff to cyber warfare unit

The French defence ministry on Wednesday announced plans to significantly boost the country's four-year-old cyber warfare force, citing the "growing number and gravity" of hacking attacks on the country.

France recruits 1,800 extra staff to cyber warfare unit
French defence minister Florence Parly. Photo: Alain Jocard/AFP

The government had already planned to add an additional 1,100 recruits to a unit created in response to the growing number of cyber attacks on the West, mostly blamed on Russia and China.

Defence Minister Florence Parly told a cyber security conference in the city of Lille on Wednesday she had decided to go further to try make France “a cyber security champion”.

Warning of a “Cold War in cyberspace” she said she would hire an extra 770 cyber combattants on top of an additional 1,100 already planned, bringing the force’s staffing level to 5,000 by 2025.

France and other Western countries are alarmed over a growing number of increasingly aggressive cyber attacks, including data breaches and ransomware attacks, which typically see hackers encrypting victims’ data and then demanding money for restored access.

Recent high-profile targets have included a US oil pipeline, Ireland’s health service and India’s flag carrier Air India.

Parly said that the French army needed to increase it use of the “cyber weapon”.

“Our opponents do not shy away from doing so, whether state powers, terrorist groups or their backers,” she said.

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