Category: All News

HONG KONG – UBS will impose strict restrictions on bankers from Credit Suisse, including a ban on new clients from high-risk countries, according to a Financial Times report, with the two banks moving to close the historic takeover as soon as Monday. A list consisting of almost two dozen “red lines” will prohibit Credit Suisse staff from a range of…

FRANKFURT – The European Central Bank (ECB) will almost certainly deliver another interest rate hike on Thursday as the eurozone slides into a recession. Analysts predict that ECB policymakers will copy May’s move and again raise borrowing costs by 25 basis points, taking the closely watched deposit rate to 3.5 per cent. It would be the Frankfurt institution’s eighth consecutive hike…

At least 13 people were injured early Sunday when an apparent street party in Syracuse, New York, turned violent. Syracuse police Lt. Matthew Malinowski told reporters that at least four people suffered gunshot wounds and five others suffered apparent knife wounds. The other victims were apparently accidently struck by vehicles fleeing what the department called a “large gathering of hundreds…

George Soros, a financier with a penchant for politics, has moved to hand over control over his $25 billion empire to his 37-year-old son Alexander.As some media outlets have pointed out, Soros Sr. previously appeared reluctant to let any of his five children take control of the Open Society Foundations (OSF) but has apparently changed his mind.Alexander Soros replaced his…

Struggling to overcome recruiting shortfalls, the Army and the Air Force have bolstered their marketing to entice legal residents to enlist, putting out pamphlets, working social media and broadening their outreach, particularly in inner cities. One key element is the use of recruiters with similar backgrounds to these potential recruits. Airman 1st Class Joshua Fancisco, from the Philippines, left, Airman…

WASHINGTON – The US expanded a ban on imports from China’s Xinjiang region, placing two more companies on its so-called entity list, the first additions since a law targeting forced labour in the area took effect a year ago. Printing and imaging company Ninestar Corp and eight of its subsidiaries, as well as Xinjiang Zhongtai Chemical, were added to the…

China has been operating a spy base in Cuba since at least 2019, part of a global effort by Beijing to upgrade its intelligence-gathering capabilities, according to a Biden administration official. The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said the U.S. intelligence community has been aware of China’s spying from Cuba…

Western media is reporting that the CIA told its Belgian counterparts that Ukrainian forces were responsible for the destruction of the Nord Stream gas pipelines last September.“Shortly after the attack, our military intelligence agency ADIV received strictly confidential information that pointed to Ukraine’s likely role in sabotage,” a mainstream Belgian newspaper wrote Saturday. The publication said it “learned from well-informed…

Former British Prime Minister Boris Johnson will give up his parliamentary seat amid a long-running ethics investigation that is expected to produce a report into his behavior as prime minister next week. In a blistering statement announcing his resignation from the legislature, Johnson described as a “kangaroo court” the parliamentary committee tasked with examining whether he lied to fellow lawmakers…

The U.S. Agency for International Development (USAID) said on Thursday it was suspending food aid to Ethiopia because its donations were being diverted from people in need. A spokesperson said USAID had determined, in coordination with the Ethiopian government, that a “widespread and coordinated campaign is diverting food assistance from the people of Ethiopia”. The statement did not say who…

Ukrainian forces have been met with strong resistance from Russian soldiers after attempting to penetrate enemy lines in the east of the country in the past couple days. US officials have described the losses, which included US-supplied MRAP armored vehicles, as “significant,” per CNN. Though Ukraine was able to push through Russian forces around Bakhmut, they were met with anti-tank…

China completed a second phase of joint air patrols with Russia over the Western Pacific on Wednesday, following flights on the previous day over the Sea of Japan and East China Sea, prompting concerns in Japan over national security. Both South Korea and Japan scrambled fighter jets on Tuesday, when the Chinese and Russian joint patrols got underway as part…

Fox News on Wednesday notified Mr Tucker Carlson’s legal team that the former prime-time host violated his contract with the network when he launched his own Twitter show on Tuesday, Axios reported, citing a copy of a letter obtained by the news website. Mr Carlson released the first episode of his new show on Twitter on Tuesday, weeks after being…

JEDDAH, Saudi Arabia – US Secretary of State Antony Blinken had an “open, candid” conversation with Saudi Crown Prince Mohammed bin Salman in the early hours of Wednesday about a wide range of bilateral issues, a US official said. The top US diplomat arrived in Saudi Arabia late on Tuesday for a much anticipated visit amid frayed ties due to…

ROME — Magistrates in Italy are probing former Leonardo and Fincantieri officials as part of an investigation into alleged corruption. Police removed computer files from the homes of ex-Leonardo CEO Alessandro Profumo and a former Italian Italian prime minister, Massimo D’Alema, and are probing former Fincantieri executive Giuseppe Giordo amid claims bribes were offered to Columbian officials to buy planes…

A Florida man has pleaded guilty to importing and selling counterfeit Cisco networking equipment to various organizations, including education, government agencies, healthcare, and the military. The 39-year-old resident of Florida, Onur Aksoy, conducted the scheme through 19 companies formed in New Jersey and Florida and in several online storefronts, collectively known as ‘Pro Network Entities,’  Aksoy had a criminal complaint…