Category: All News

SAN FRANCISCO – Wells Fargo & Co agreed to pay US$1 billion (S$1.3 billion) to settle a shareholder lawsuit that accused it of making misleading statements about its compliance with United States consent orders, following the 2016 scandal involving the opening of unauthorised customer accounts. The settlement is one of the top six largest securities class-action settlements of the past…

The platform’s Global Government Affairs account issued a statement on Monday outlining its recent decisions in light of the Turkish court orders, saying it was forced to take action against four accounts and 409 individual tweets.  “We received what we believed to be a final threat to throttle the service – after several such warnings,” it said, adding that it deleted the accounts and posts “in order to keep Twitter available over the election weekend.”

  WASHINGTON – After three years of largely self-imposed isolation because of Covid‑19, China is finally reopening. But US airlines are not lining up to reinstate the once-abundant services between the world’s two largest economies. In pre-pandemic 2019, direct flights between the United States and China by carriers from both countries averaged 340 per week. Today there are a maximum…

PARIS – The traces of genetic material that humans constantly shed wherever they go could soon be used to track individual people, or even whole ethnic groups, scientists said on Monday, warning of a looming “ethical quagmire”.

A recently developed technique can glean a huge amount of information from tiny samples of genetic material called environmental DNA, or eDNA, that humans and animals leave behind everywhere – including in the air.

The tool could lead to a range of medical and scientific advances, and could even help track down criminals, according to the authors of a new study published in the journal Nature Ecology & Evolution.

But it also poses a vast range of concerns around consent, privacy and surveillance, they added.

WASHINGTON – The FBI lacked “actual evidence” to investigate Donald Trump’s 2016 presidential campaign and relied too heavily on tips provided by Trump’s political opponents to fuel the probe, US Special Counsel John Durham concluded in a report released on Monday.

The report marks the end of a four-year probe launched in May 2019 when then-Attorney General William Barr appointed Durham, a veteran prosecutor, to probe potential missteps by the FBI when it launched its early stage “Crossfire Hurricane” inquiry into potential contacts between Donald Trump’s 2016 presidential campaign and Russia.

That Crossfire Hurricane investigation would later be handed over to Special Counsel Robert Mueller, who in March 2019 concluded there was no evidence of a criminal conspiracy between Trump’s 2016 campaign and Russia.

In his new 306-page report, Durham concluded that US intelligence and law enforcement did not possess any “actual evidence” of collusion between Trump’s campaign and Russia prior to launching Crossfire Hurricane.

He also accused the bureau of treating the 2016 Trump probe differently from other politically sensitive investigations, including several involving Trump’s Democratic rival Hillary Clinton.

WASHINGTON – A Massachusetts man has been arrested for providing information about Chinese dissidents in the United States to China’s government, the Justice Department said Monday. Litang Liang, 63, of Brighton, was arrested on May 9 on charges of acting as an agent of the People’s Republic of China (PRC) without notifying US authorities, according to the department.

The announcement of Liang’s arrest came on the same day as a court in the eastern Chinese city of Suzhou revealed that a 78-year-old US citizen, John Shing-wan Leung, had been sentenced to life in prison for espionage. The Justice Department said Liang, between 2018 and 2022, had passed information about Boston-area residents, dissidents and groups, including “community organisations with pro-Taiwan leanings,” to Chinese government officials.

“Following a complaint, an investigation was opened in December 2022 into deceptive marketing practices and programmed obsolescence,” the office said in a statement on Monday, adding that the complaint was filed by an activist group called ‘Halte a L’Obsolescence Programmee’ (HOP).  The group’s complaint centers around the practice of ‘serialization’, whereby spare parts like microchips or speakers are matched with serial numbers to a specific generation of iPhone. This prevents third-party repairers from using generic parts, and as models are phased out by Apple, so too are the associated spares, forcing customers to shell out for a newer model.

Pharmacy services provider PharMerica has disclosed a massive data breach impacting over 5.8 million patients, exposing their medical data to hackers.

PharMerica is a pharmacy services provider in 50 U.S. states, operating 180 local and 70,000 backup pharmacies, and serving 3,100 medical facilities nationwide.

According to a data breach notification submitted to the Office of the Maine Attorney General, hackers breached PharMerica’s system on March 12th, 2023, stealing the full names, addresses, dates of birth, social security numbers (SSNs), medications, and health insurance information of 5,815,591 people.

The firm discovered the intrusion on March 14th, 2023, and its investigation determined on March 21st that client data had been stolen. However, notices of a data breach were sent to impacted individuals only last Friday, May 12th, 2023.

airBaltic, Latvia’s flag carrier has acknowledged that a ‘technical error’ exposed reservation details of some of its passengers to other airBaltic passengers. Passengers also reported receiving unexpected emails which addressed them by the name of another customer. The Riga-based airline, incorporated as AS Air Baltic Corporation operates flights to 80 destinations and is 97% government-owned. Although the air carrier says the…

BERLIN – The German security authorities believe that China is still conducting police activities on German soil even though Beijing assured Berlin in February that it had ceased to do so, the German foreign and interior ministries said on Monday.

“The security authorities continue to assume that there are two so-called overseas police stations in Germany,” a spokesman for the Interior Ministry said at a regular press conference.

Berlin called on Beijing in November to shut down extraterritorial police stations in the country.

In an article on Sunday, Politico quoted an anonymous official from Macron’s office as saying that “what Ukraine needs is combat equipment, armored vehicles, tanks, artillery.” In addition, Paris will heed Kiev’s calls to supply more air defense systems, the source stated.

When asked whether France was considering sending fighter jets to Ukraine, the official dismissed the issue as “a bit premature,” stressing that the focus should currently be on land operations and air defense.

Biden will visit the city for the G-7 summit, where he and other world leaders will focus on a range of issues, including Russia’s ongoing invasion of Ukraine, climate change, and the global economy.

But Japanese Prime Minister Fumio Kishida, who represents Hiroshima in Japan’s legislature, has said he hopes the setting of the summit will bring a focus to the danger of nuclear weapons. And in that setting, the leader of the country who carried out the bombing will inevitably play an outsized role in any events commemorating it.

Prime Minister Rishi Sunak will pledge to send more weapons to Ukraine including attack drones and air defence systems, as the country’s president, Mr Volodymyr Zelensky, made a surprise visit to Britain. 

Mr Sunak will host Mr Zelensky on Monday at the prime minister’s countryside retreat Chequers north of London on the heels of similar visits by the Ukrainian leader to France, Germany and Italy. The pledge of additional military support from Britain comes as Kyiv’s forces prepare for a counter-offensive to take back territory occupied by Russian forces. 

Britain will confirm the transfer of hundreds of air defence missiles and further unmanned aerial systems, including hundreds of new attack drones with a range in excess of 200km.

HONG KONG – Fierce competition for new mortgage customers is driving banks in Hong Kong to offer the highest cash rebates in nearly two decades.

The deals – offered as a percentage of the principal loan amount – ramped up from about 1.3 per cent last year to as much as 2.6 per cent currently, the highest in over 17 years, according to Centaline Mortgage Broker data.

Banks such as HSBC Holdings and Bank of China (Hong Kong) are using the incentive as a way to draw in clients, while property transactions remain subdued in the city’s real estate market that’s still reeling from an exodus of residents last year amid its zero Covid policy. Lenders are also getting squeezed as a cap on lending rates in the city crimps margins.

WASHINGTON/BERLIN – Leaders of the Group of Seven (G-7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort, said officials with direct knowledge of the discussions.

New measures announced by the leaders during the May 19-21 meetings will target sanctions evasion involving third countries, and seek to undermine Russia’s future energy production and curb trade that supports Russia’s military, the people said.

Separately, US officials also expect G-7 members will agree to adjust their approach to sanctions so that, at least for certain categories of goods, all exports are automatically banned unless they are on a list of approved items.

There may be more “Chinese police stations” operating in Canada, the Public Safety Minister told a Canadian TV station on Sunday, months after police said they were investigating whether two community centers in Montreal were being used to intimidate or harass Canadians of Chinese origin.

“I am confident that the [Royal Canadian Mounted Police] have taken concrete action to disrupt any foreign interference in relationship to those so-called police stations, and that if new police stations are popping up and so on, that they will continue to take decisive action going forward,” Marco Mendicino told CTV’s Question Period in an interview.