Category: Spotlight

Toxic foam spill at Hawaii’s Red Hill facility due to contractor error

A maintenance contractor’s error, and lack of adequate oversight by the Navy, led to the spill of 1,300 gallons of toxic fire suppressant at the Red Hill Bulk Fuel Storage site near Joint Base Pearl Harbor-Hickam, Hawaii, on Nov. 29, 2022. Military investigators found that the contractor improperly installed an air vacuum valve on the system that carries Aqueous Film…

Iran protests: Football star Ali Karimi under travel ban, leaked papers show

Mr Karimi was among the first celebrities who vehemently criticised the deadly crackdown on the protests which erupted in September. The footballer, known as the Maradona of Asia, lived in the UAE at the time.

The protests were sparked by the death in custody of a Kurdish Iranian woman. Mahsa Amini, 22, died after allegedly being beaten by morality police who arrested her for what they said was her failure to wear her headscarf properly.

The protests spread nationwide, but have been violently suppressed. Human rights groups say security forces have killed at least 530 protesters – including around 70 children – since the protests began.

One of the documents seen by BBC Persian says Mr Karimi “was invited [to Iran] by our agent nine times and has received serious warnings”.

UN reaffirms ‘commitment to stay’ in Afghanistan

UN chief Antonio Guterres addresses envoys during talks on Afghanistan in Qatar on May 2, 2023 The UN reaffirmed its “commitment to stay” in Afghanistan on Friday, in a review assessing its operations in the country in light of the Taliban banning women from working for the world body. The United Nations announced on April 4 that the Taliban had…

Lebanon’s finance minister questioned in Central Bank probe

BEIRUT (AP) — A European judicial team questioned Lebanon’s caretaker finance minister on Friday in an investigation related to corruption probes of the country’s Central Bank governor, officials said. The questioning is part of a probe by a delegation from France, Germany, and Luxembourg, now on its third visit to Lebanon to interrogate suspects and witnesses in the case. Central…

Press group: China biggest global jailer of journalists

WASHINGTON (AP) — China was the biggest global jailer of journalists last year with more than 100 behind bars, according to a press freedom group, as President Xi Jinping’s government tightened control over society. Xi’s government also was one of the biggest exporters of propaganda content, according to Reporters without Boarders. China ranked second to last on the group’s annual…

US investigating Goldman’s work for Silicon Valley Bank

NEW YORK – US authorities are investigating the work Goldman Sachs did for Silicon Valley Bank (SVB) in the weeks before it failed, including its advice that the smaller lender sell a large portfolio of securities at a loss, according to a regulatory filing by Goldman on Thursday.

Goldman said it was “cooperating with and providing information to various governmental bodies in connection with their investigations and inquiries” into SVB, which collapsed suddenly March 10, touching off a crisis of confidence that has led to the failure of two more regional lenders, and a panic in the stock market over the fate of others.

The investigations include “the firm’s business with SVB in or around March 2023, when SVB engaged the firm to assist with a proposed capital raise and SVB sold the firm a portfolio of securities,” Goldman’s filing to the Securities and Exchange Commission said.

Canada Weighs Blowback on Possible Expulsion of Chinese Diplomat

(Bloomberg) — Canada is assessing the consequences of potentially expelling a Chinese diplomat accused in media reports of targeting a Canadian lawmaker’s family for sanctions as political punishment. Foreign Minister Melanie Joly said her department summoned China’s Canadian ambassador to Canada to discuss the matter Thursday morning. “We’re assessing the consequences that we’ll be facing in case of diplomatic expulsion,…

Fox opposes fellow journalists trying to uncover documents

NEW YORK (AP) — Fox News is opposing a renewed effort by three news organizations to unseal documents related to its recently settled defamation lawsuit, saying it would do nothing but “gratify private spite or promote public scandal.” The Associated Press, The New York Times and National Public Radio asked a Delaware judge earlier this week to reveal mostly private…

Russia accuses U.S. of planning alleged drone attack on Kremlin

Ukraine — Russia attacked several Ukrainian cities with explosive drones overnight, though Ukraine said Thursday that it had managed to shoot most of them down. Russia called the attack payback for what it claims was an alleged attempt by Ukraine to attack the Kremlin in Moscow using drones on Wednesday.

The Kremlin claimed the attack was an attempt by Ukraine to assassinate President Vladimir Putin and, on Thursday morning, Russia’s government accused the U.S. of planning it.

President Volodymyr Zelenskyy denied any Ukrainian role in an attack on the Kremlin, insisting that his country’s forces were acting only to defend Ukraine’s sovereign territory — though there has been evidence over the last week that they’re also stepping up attacks, using drones, on Russian infrastructure, both in occupied territory and across the border inside Russia.

FTC moves to ban Meta from profiting off data of users under age 18

The U.S. Federal Trade Commission is alleging Facebook “repeatedly violated its privacy promises” and is proposing a “blanket prohibition” on parent company Meta’s monetization of data of users under 18. The company, meanwhile, called the move “a political stunt.” The FTC on Wednesday moved to expand its USD5 billion privacy order with then-Facebook from 2020, claiming the company failed to…

Credit Suisse AT1 holders in Asia add to claims over wipe-out

A group of Credit Suisse Group bondholders in Asia challenged Switzerland’s banking regulator over the decision to write down about 16 billion Swiss francs (S$24 billion) of the bank’s riskiest debt, the first known move by wealthy investors in the region.

The filing was made in the Swiss courts on Wednesday, said Mr Mahesh Rai at Singapore-based Drew & Napier LLC. Mr Rai is acting for more than 60 investors across Asia for the case. He declined to specify the losses involved. 

The move appeals the Swiss Financial Market Supervisory Authority’s (Finma) decision to prioritise shareholders over the additional tier-one bondholders, he said.

Wells Fargo let boss grope and harass exec, and fired her for complaining: lawsuit

A Wells Fargo boss started by mocking a female executive’s fiancé, moved on to inappropriately touching and groping her, then threatened to take sales opportunities from her if she didn’t date him, according to a new lawsuit against the San Francisco-headquartered bank and the alleged harasser.

Wells Fargo management responded to complaints by the former VP and senior portfolio manager, who filed suit anonymously as Jane Doe, by forcing her to continue working with the man, attempting to block her from receiving a hefty referral fee and commission, and finally firing her, the lawsuit claimed.

Wells Fargo spokeswoman Laurie Kight said Wednesday the bank was reviewing the lawsuit. “We take all allegations of misconduct very seriously,” Kight said.

Doe started in an executive position at Wells Fargo in 2000, in a Los Angeles unit devoted to serving high-wealth clients, and was promoted to a senior VP position five years later, according to her lawsuit filed Wednesday in Los Angeles County Superior Court. Starting in 2016 and continuing into 2020, she was subjected to sexual harassment by a superior, Carl Nelson, a VP and senior private banker, her lawsuit claimed.

Nelson has since resigned from Wells Fargo, according to Doe’s lawyer Ronald Zambrano. Nelson did not immediately respond Wednesday to messages from this news organization at his new workplace in a different bank.

We’ll listen to whistleblowers, promises Financial Conduct Authority after backlash

The Financial Conduct Authority has said it will change its approach to whistleblowers after a survey revealed widespread dissatisfaction among those who alert the regulator to wrongdoing.

The organisation acknowledged problems including whistleblowers not “feeling heard”; a lack of dialogue with them, which prompts doubts about the chances of a proper investigation; and frustration over a shortage of updates, sometimes interpreted as delay and inaction.

The majority of those who raised concerns with the regulator said they were “extremely or somewhat dissatisfied” with how they had been listened to and how issues had been explored, while most were dissatisfied with the outcome of their reports, an FCA study found.

When asked to rate overall satisfaction with the authority’s handling of their whistleblowing report, 15 of the 21 respondents said they were “extremely or somewhat dissatisfied”. Only two expressed any satisfaction.

The regulator said it was “disappointed” with the findings. “Whistleblowers are key in our efforts and we greatly value their contribution,” it said.

It pledged to make reforms, including improving the use of whistleblowers’ information, better communication over what has been done with their reports and engagement with the government over a review of whistleblowing legislation.

Germany, Italy clamp down on Italian mob with raids, arrests

BERLIN (AP) — Police across Europe arrested dozens of people, raided homes and seized millions of euros in assets on Wednesday, in a coordinated crackdown on Italy’s ’ndrangheta organized crime syndicate, one of the world’s most powerful, extensive and wealthy drug-trafficking groups.

The operation, coordinated by European Union judicial cooperation agency Eurojust, aimed to dismantle a network that includes the n’drangheta, Colombian drug producers and paramilitary groups, and moves tons of cocaine to Europe and Australia each year.

The investigation uncovered how these networks used ports in Ecuador, Panama and Brazil to ship the Colombian drugs to northern European ports while also dealing in weapons. The drug proceeds were then laundered through restaurants, ice cream shops and car washes, and money sent back to Colombian drug producers via a Chinese wire transfer service, according to Italian officials and a Carabinieri press release.

‘We have survived’: China’s Huawei goes local in response to US sanctions

In Huawei’s head office last month, staff gathered to celebrate the in-house development of software to replace a US system that, thanks to Washington’s export controls, the Chinese technology company was no longer able to purchase. “Three years ago, we were cut off from the old ERP [enterprise resource planning] system,” said Tao Jingwen, a Huawei board member and president…

McDonald’s franchises fined for child labor violations

LOUISVILLE, Ky. (AP) — Two 10-year-olds are among 300 children who worked at McDonald’s restaurants illegally, a Labor Department investigation of franchisees in Kentucky found.

Agency investigators found the 10-year-olds received little or no pay at a McDonald’s in Louisville, the Labor Department said. The franchisee for the Louisville store was among three McDonald’s franchisees fined $212,000 in total by the department.

Louisville’s Bauer Food LLC, which operates 10 McDonald’s locations, employed 24 minors under the age of 16 to work more hours than legally permitted, the agency said. Among those were two 10-year-old children. The agency said the children sometimes worked as late as 2 a.m., but were not paid.

“Below the minimum age for employment, they prepared and distributed food orders, cleaned the store, worked at the drive-thru window and operated a register,” the Labor Department said Tuesday, adding that one child also was allowed to operate a deep fryer, which is prohibited task for workers under 16.