Category: All News

NEW YORK – Martin Shkreli, the former pharmaceutical chief executive officer who served almost seven years in prison for securities fraud, is earning US$2,500 (S$3,370) a month consulting for a law firm and living with his sister in Queens, New York, according to the US Probation Office. Shkreli, 40, has had a mostly “positive adjustment” since being released from prison…

SINGAPORE – Manulife US Real Estate Investment Trust (Manulife US Reit) has entered into a letter of intent to sell Phipps Tower in Atlanta, Georgia, to its sponsor The Manufacturers Life Insurance Company. The purchase consideration should be no more than the average of two independent valuations commissioned by the Reit’s manager and its trustee, DBS Trustee. On Wednesday, the…

Most of us wouldn’t argue that private companies can’t run their businesses the way they prefer. The gold standard has been the right to refuse service to anyone — something that covers everything from refusing paper checks from certain customers to booting people off social media services for refusing to stop behaving like inveterate assholes. When private companies do things,…

SINGAPORE – Financial institutions are required to alert the police and the financial regulator if they suspect that a transaction could be related to a crime, although there is no threshold set for when they must flag these activities. They are also required to step up their measures to manage the higher risks of money laundering and terrorism financing posed…

ZURICH – Switzerland’s Federal Administrative Court has received 230 claims against the country’s financial regulator Finma after it wrote off the value of Credit Suisse’s AT1 bonds, the court said on Tuesday. The claims related to 2,500 individual parties, a court spokesman told Reuters. The court in the north-eastern Swiss city of St Gallen, declined to say whether the time…

LONDON – Meta on Monday was fined a record 1.2 billion euros (S$1.75 billion) and ordered to stop transferring data collected from Facebook users in Europe to the United States, in a major ruling against the social media giant for violating European Union (EU) data protection rules. The penalty, which eclipses a 746 million euro EU fine previously doled out…

WASHINGTON — The Air Force is focused on avoiding the mistakes that plagued past programs like the F-35, as the service officially kicks off its effort to build a sixth-generation fighter, Secretary Frank Kendall said Monday. That includes ensuring the Air Force has access to all the sustainment data it needs from the contractor building the Next Generation Air Dominance…

Residents across parts of the northwestern United States are under air quality alerts this weekend after smoke from a spate of Canadian wildfires drifted south across the border. Thick plumes of smoke from blazes in the Canadian province of Alberta crossed into multiple states including Montana, Colorado, Idaho and Utah. But a Pacific cold front moving into the area toward…

KYIV, Ukraine (AP) — The head of the Russian private army Wagner claimed Saturday that his forces have taken control of the city of Bakhmut after the longest and most grinding battle of the Russia-Ukraine war, but Ukrainian defense officials denied it. In a video posted on Telegram, Wagner head Yevgeny Prigozhin said the city came under complete Russian control…

SINGAPORE – AusGroup has applied to the Singapore High Court to wind up the company, saying it is unable to pay debts and that the “purpose of judicial management cannot be achieved”. In a bourse filing on May 19, the company added that it has applied to the court for its discharge from judicial management and to release the joint…

The international community will not fall in line with the pro-Western rules pushed by the G7 and not allow the US-led group to dominate world affairs, the Chinese Foreign Ministry said in a statement on Saturday.  “China will never accept the so-called rules imposed by the few. The international community does not and will not accept the G7-dominated Western rules…

NEW YORK – Dozens of fringe news websites, content farms and fake reviewers are using artificial intelligence to create inauthentic content online, according to two reports released on Friday. The misleading AI content included fabricated events, medical advice and celebrity death hoaxes, the reports said, raising fresh concerns that the transformative technology could rapidly reshape the misinformation landscape online. The…

Shenderovich then confirmed on Facebook he was “barred from his own performance in London” but still did not explain the reasons behind the incident. He also mockingly thanked “all the idiots” responsible “for such an incredible promotion.”  The author eventually moved to nearby Regent’s Park together with his would-be audience, where he held an impromptu performance “in the natural setting,”…

Colt M4 Carbine and AR-15 style rifles are displayed during the National Rifle Association (NRA) Annual Meeting in Houston, Texas on May 28, 2022. A Maryland man is causing concern for carrying an AR-15 style rifle near a school bus stop. The issue of gun control came to a head in Maryland after a man began regularly standing at a…

  GHIBULLO – More than 36,000 people have now been forced from their homes by deadly floods in northeast Italy, regional officials said Saturday, as rising waters swallowed more houses and fresh landslides isolated hamlets Violent downpours earlier this week killed 14 people, transforming streets in the cities and towns of the Emilia Romagna region into rivers. And as more…

Indonesia is launching the flight because “Russia is now looking to the East, so we are also looking towards Russia,” Helmi explained. Also on Friday, the first Russian plane landed in Georgia’s capital Tbilisi after a four-year hiatus. The arrival was met by a small group of anti-Russia protesters at the airport. On Saturday, meanwhile, the first Georgian Airways plane…