Category: All News
US and Poland set up center to fight ‘Russian disinformation’
The Warsaw-based facility will detect “deceptive narratives” on the Ukraine conflict, the US State Department has said. The United States and Poland have launched an international group based in Warsaw to counter what they describe as Russian disinformation on the Ukraine conflict, the US State Department has announced. The Ukraine Communications Group (UCG) is designed to detect “deceptive narratives” from…
Russia promises ‘decisive response’ to ‘confrontational’ US
The envoy made the statement during an address dedicated to Russia Day, which was celebrated on Wednesday. Earlier the same day, Washington announced more restrictions on Moscow over its military operation against Ukraine. “The US administration congratulated the Russian people with the announcement of yet another sanctions package,” Antonov said. Russia will not insist on being a US partner, but…
Johnson & Johnson to settle claims it misled consumers about safety of talcum products, including “baby powder”
Johnson & Johnson has agreed to pay $700m to settle lawsuits in the United States that accused the pharmaceutical giant of deceiving customers about the safety of its talcum-based powder products. J&J’s payout resolves an investigation by more than 40 US states into the marketing of baby powder and other talc-based products that contained traces of cancer-causing asbestos. “Targeting communities…
Russian Nuclear-Powered Submarine Arrives in Cuba
A Russian nuclear-powered submarine and other naval vessels arrived in Cuba on Wednesday for a five-day visit to the island in a show of force amid spiraling U.S.-Russian tensions. The submarine Kazan, which Cuba says is not carrying nuclear weapons, was accompanied by the frigate Admiral Gorshkov, as well as an oil tanker and a salvage tug. The Kazan and…
Crypto firm Terraform and Do Kwon to pay $6 billion to settle SEC fraud case
NEW YORK – Terraform Labs and its co-founder Do Kwon will pay US$4.47 billion (S$6 billion) to resolve a US Securities and Exchange Commission (SEC) lawsuit over the company’s 2022 collapse, which wiped out US$40 billion in investor assets and shook the cryptocurrency world. The SEC on June 12 asked a federal judge in New York to approve the settlement….
U.S. Widens Sanctions Against Russia Over Ukraine Invasion
The United States on Wednesday announced a raft of new sanctions aimed at constraining Moscow’s ability to wage war on Ukraine while raising the stakes for foreign banks that still do business with Russia. The Treasury Department and State Department’s sanctions impacted more than 300 targets, including entities in Russia and countries like China, Turkey and the United Arab Emirates….
Lead fund manager Gregoire Tournant in Allianz fraud case pleads guilty
The lead manager in a funds scandal that led to a $6bn settlement between Germany’s Allianz and US authorities has pleaded guilty to investment adviser fraud, two years after two other managers pleaded guilty for their roles in the scheme. The scandal at one of its US asset management units rocked Allianz, one of the world’s biggest insurance groups, casting…
US clears way for antitrust inquiries of Nvidia, Microsoft and OpenAI
WASHINGTON – Federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated. The Justice Department and the Federal Trade Commission struck the deal over the past week,…
AFP journalists to strike over expat jobs
PARIS – Journalists at AFP will hold a 24-hour strike starting June 6 at 0800 GMT (4.00pm Singapore time) to protest against potential changes in the status of journalists working outside France. The movement threatens to disrupt primarily the French-language production of Agence France-Presse during a period of major domestic news, with a ceremony for the 80th anniversary of the…
Panama prepares to evacuate island in face of rising sea levels
On a tiny island off Panama’s Caribbean coast, about 300 families are packing their belongings in preparation for a dramatic change. Generations of Gunas who have grown up on Gardi Sugdub in a life dedicated to the sea and tourism will trade that next week for the mainland’s solid ground. They go voluntarily — sort of. The Gunas of Gardi…
FDA warning: Avoid Crecelac & Farmalac distributed by Dairy Manufacturers Inc
WASHINGTON (AP) — U.S. health officials warned parents to avoid powdered infant formula sold by a Texas dairy producer, because a dangerous bacteria was found in one of the company’s products. The Food and Drug Administration issued the alert Friday on Crecelac Infant Powdered Goat Milk Infant Formula, after a sample collected from a Texas store tested positive for cronobacter,…
US, Britain strike Houthi targets in Yemen after surge in attacks
The U.S. and Britain struck 13 Houthi targets in several locations in Yemen on Thursday in response to a recent surge in attacks by the Iran-backed militia group on ships in the Red Sea and Gulf of Aden, three U.S. officials said. According to the officials, American and British fighter jets and U.S. ships hit a wide range of underground facilities, missile…
The Latest | Jury finds Trump guilty on all charges in hush money trial
It was the first time a former U.S. president was ever tried or convicted in a criminal case, and was the first of Trump’s four indictments to reach trial. Prosecutors accused Trump of falsifying internal business records to cover up hush money payments tied to an alleged scheme to bury stories that might torpedo his 2016 White House bid. At…
Biden allows Ukraine to use US weapons to hit targets in Russia
Joe Biden has approved Kyiv’s use of American-made weapons to strike within Russia as long as the targets relate to Moscow’s offensive in Ukraine’s Kharkiv region, a US official said on Thursday. The decision marks an important shift from Washington’s previous position that Ukraine should not use US weapons to strike targets in Russia — and follows growing pressure on…
Seatrium bags $11b in contracts from Petrobras to build FPSO vessels
SINGAPORE – Offshore and marine specialist Seatrium has secured $11 billion worth of contracts to build two new floating production storage and offloading vessels (FPSOs) for Brazil’s national oil company, Petrobras. Called P-84 and P-85, the FPSOs will be deployed in the Atapu and Sepia fields in the Santos Basin, offshore of the Brazilian city Rio de Janeiro, Seatrium announced…
What’s behind a historic, unusual U.S. military cash transfer to Canadian mines
The United States was growing desperate, months before its entry into the Second World War. It was gravely short of aluminum, and scrambling for suppliers. Its solution: turn north to Canada. American public money flooded into Quebec, building the aluminum industry that supplied raw materials for Allied planes and tanks. “I would be willing to buy aluminum from anybody,” said…