Author: 5amResearch

A cardinal who oversaw the management of Vatican funds from 2011 to 2018 has been convicted of multiple counts of embezzlement and fraud in a landmark corruption case. Cardinal Giovanni Angelo Becciu, once one of the most powerful figures in the Holy See, was sentenced by the Vatican’s criminal court to five years and six months in jail on Saturday…

Latvia’s former central bank governor was sentenced to six years in prison for bribery on Wednesday after a trial over the most prominent of a series of recent financial scandals to hit the Baltic country. Ilmārs Rimšēvičs, head of the Latvian central bank from 2001 until 2019, was found guilty by the Riga district court of accepting bribes and a…

Canada Issues Travel Advisory on U.S. Trips Over Abortion, LGBTQ Rights Concerns In a notable move, Canada has issued a travel advisory for its citizens, bringing attention to concerns over state-level policies affecting abortion and LGBTQ rights in the United States. This advisory emerged after the U.S. Supreme Court’s landmark decision to overturn Roe v. Wade, a ruling that has…

US Targets Foreign Banks with Sanctions to Curb Russia’s War Effort In a decisive stroke designed to undermine Russia’s military capabilities, US President Joe Biden has signed a far-reaching executive order targeting the financial sinews aiding Russia’s war efforts in Ukraine. The order, enacted on December 22, 2023, sanctions foreign banks that allegedly support Russia’s defense sector, underscoring the US…

Prague in Mourning: Charles University Mass Shooting Claims 14 Lives A Day Shrouded in Grief The Czech Republic’s storied capital city, known for its architectural beauty and cultural vibrancy, was overshadowed by grief as the national flag was lowered to half mast. St. Vitus Cathedral’s bells tolled in remembrance, and a requiem echoed through its historic walls. In Kostel sv….

An Israeli airstrike killed 76 members of an extended family, rescue officials said Saturday, a day after the UN’s chief warned again that nowhere is safe in Gaza and that Israel’s ongoing offensive is creating “massive obstacles” to the distribution of humanitarian aid. Friday’s strike on a building in Gaza City was among the deadliest of the Israel-Hamas war, now in…

Student Unrest and Political Tensions Surge in Bangladesh Amidst the scenic beauty of Bangladesh’s hill tracts, a darker narrative unfolds as the United People’s Democratic Front (UPDF) students face a brutal attack that has shaken the core of student activism in the country. In a recent spate of student unrest, the UPDF, advocating for democratic rights, found themselves targeted in…

For weeks, alternative news outlets like The Grayzone and The Intercept have cast major doubts on Israel’s claim that the al-Shifa Hospital in northern Gaza sat atop a major Hamas command center. Now, even an ultimate establishment outlet — the Washington Post — has likewise found that Israel’s claims about the hospital it besieged don’t stand up to scrutiny. Mistrust…

Obama-appointed DC district judge Beryl Howell sidestepped the First Amendment by finding Rudy Giuliani guilty of defaming two Georgia election workers before trial for allegedly “not complying with his discovery obligations” and now she’s ordering him to pay $148 million in damages immediately because he’s “unlikely” to have the jury verdict overturned on appeal. Just as we saw with the…

SEOUL – South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won (S$10.24 million) each on HSBC Holdings and BNP Paribas for so-called naked short selling, which is considered illegal in the country, according to two people familiar with the matter.  The nation’s Financial Supervisory Service (FSS) made the recommendation to the Securities and Futures…

Saudi Diplomatic Exchanges and Technological Developments Amidst Political Shifts in North Africa In a recent diplomatic exchange, the Crown Prince of Morocco, Prince Hassan bin Mohammed, received a verbal message from the Saudi Arabian King and Crown Prince, King Salman bin Abdulaziz, and Crown Prince Mohammed bin Salman. The message reiterated the robust fraternal relations between the two nations, discussing…

Verdicts are expected Saturday for a cardinal and nine other defendants in the most complicated financial trial in the Vatican’s modern history: a case featuring a Hollywood-worthy cast of characters, unseemly revelations about the Holy See and questions about Pope Francis’s own role in the deals. After 2½ years of hearings, here’s a brief snapshot of the trial and its…

  WASHINGTON – Temu, a popular low-cost online marketplace with ties to China, accused its rival Shein of using “mafia-style” methods to tamp down competition in a lawsuit filed on Dec 13, the latest volley in a heated turf war between two of the fastest-growing fashion retailers in the United States. In the filing, WhaleCo, which operates in the US…

The Idaho National Laboratory (INL) confirmed that attackers stole the personal information of more than 45,000 individuals after breaching its cloud-based Oracle HCM HR management platform last month. INL is one of 17 U.S. Department of Energy’s (DOE’s) national laboratories, and it employs 6,100 researchers and support staff involved in national security and nuclear research. On November 20, it confirmed…

Negotiators are convening this week in Nairobi for the latest round of talks aimed at creating a new scientific panel to advise the world’s governments on how to tackle chemical waste. But as the talks get underway, concerns have been voiced about potential conflicts of interest that could undermine the panel. The warning comes as efforts to agree a global…

Hunter Biden was indicted on nine tax charges in California on Thursday as a special counsel investigation into the business dealings of the U.S. president’s son intensifies against the backdrop of the looming 2024 election. The new charges — three felonies and six misdemeanors — come in addition to federal firearms charges in Delaware alleging Hunter Biden broke a law against…