Category: Corruption

Bottled water has been found to contain hundreds of thousands of tiny plastic particles, the vast majority of which are nanoplastics (<1μm in length), according to new research. Nanoplastics are thought to be more toxic to humans because their small size means they can pass more easily from the gut into the body than microplastics (1μm to 5mm in length). However, there is a gap in understanding the effects of these tiny particles on organisms due to the challenges associated…

Canada, Britain, Sweden and Ukraine on Monday formally complained to the U.N. aviation council in their bid to hold Iran accountable for the downing of a Ukrainian passenger airliner in January 2020 that killed 176 people, they said on Monday. Most of the dead were citizens from the four nations, which created a coordination group that seeks to hold Iran to account. “Today we have jointly initiated dispute-settlement proceedings before the International Civil Aviation Organization against the Islamic Republic of…

A Marine veteran held hostage in Iran for more than four years has filed a federal lawsuit against the Department of Justice after FBI allegations reversed a decision that had awarded him $20 million from a fund for victims of state-sponsored terrorism. Attorneys for Amir Hekmati filed the federal civil lawsuit on Dec. 19. They claimed that Hekmati has been denied his due process rights to counter claims made by the FBI and they challenged the decision of the special…

Court documents related to disgraced financier Jeffrey Epstein are expected to be released soon with many names that were previously redacted, and prominent figures on the right are holding up the impending disclosures as evidence of wrongdoing by Democrats despite a lack of concrete information about what they will show. Most of the names being made public – currently cited as John Does – have previously been identified in other court documents or in news reports as having been associated…

Attorneys for the Securities and Exchange Commission apologized to a judge on Thursday for misrepresenting facts used to secure a restraining order and asset freeze against a crypto firm. In a filing submitted to the U.S. District Court of Utah, in response to the judge’s order to show cause for its misstep, the SEC attorneys wrote that the commission “deeply regrets these orders” and promised to conduct mandatory training for staff members involved in the investigation. “I fully appreciate the…

NEW YORK – The US dollar is poised for its worst year since the onset of the Covid-19 pandemic as Wall Street bets the Federal Reserve is set to lower interest-rates after safely reining in prices. After being whipsawed by false starts calling for the end of the Fed’s rate hiking regime, a Bloomberg gauge of the greenback is down nearly 3 per cent since January in the steepest annual drop for the US currency since 2020. In line with…

NEW YORK – Terraform Labs and the US Securities and Exchange Commission (SEC) will head to trial in January, with Jump Trading swept up in the mix, after a judge ruled that the SEC’s fraud case against Terraform must be tried by a jury. US District Judge Jed S. Rakoff ruled in favour of the regulator on Dec 28, agreeing that Terraform is liable for selling unregistered securities, though he threw out allegations that it had made transactions in unregistered…

Five years since the legalization of cannabis in Canada, the industry finds itself grappling with significant challenges. Despite making economic contributions on par with the dairy sector and marking its presence on the global stage, primarily in the medical cannabis export market, this promising industry is hindered by financial strains, murky advocacy, and unyielding regulations. Excise Tax: A Thorn in the Side A primary issue, raised during a recent industry gathering in Toronto, is the hefty excise tax, which critics…

Record-Breaking Cash Withdrawals in the UK Reflect Enduring Relevance of Physical Currency December 22, 2023, saw a record-breaking spree in the United Kingdom when more than £62 million was withdrawn from Post Offices, surpassing the previous year’s high of £51.5 million. This surge was attributed to last-minute Christmas shopping and preparation for cash gifts. The magnified reliance on cash during the festive season underscores the continued significance of physical currency in daily transactions and budgeting amid the prevalent cost of…

SINGAPORE – The Monetary Authority of Singapore (MAS) has imposed a $3.9 million civil penalty on Credit Suisse for its failure to prevent or detect misconduct by relationship managers (RMs) in its Singapore branch. Credit Suisse paid the penalty to the regulator immediately after it was imposed, and as part of the settlement, also separately compensated its affected clients, said MAS in a statement on Dec 28. The RMs had provided clients with inaccurate or incomplete post-trade disclosures, resulting in…

The U.S. on Wednesday announced what officials say could be the final package of military aid to Ukraine unless Congress approves supplemental funding legislation that is stalled on Capitol Hill. The weapons, worth up to $250 million, include an array of air munitions and other missiles, artillery, anti-armor systems, ammunition, demolition and medical equipment and parts. The aid, provided through the Presidential Drawdown Authority, will be pulled from Pentagon stockpiles. In a statement, Marine Lt. Col. Garron Garn, a Pentagon spokesman said there is…

Latvia’s former central bank governor was sentenced to six years in prison for bribery on Wednesday after a trial over the most prominent of a series of recent financial scandals to hit the Baltic country. Ilmārs Rimšēvičs, head of the Latvian central bank from 2001 until 2019, was found guilty by the Riga district court of accepting bribes and a fishing trip to Russia from shareholders of a now defunct bank. He was sentenced to six years in jail and…

Canada Issues Travel Advisory on U.S. Trips Over Abortion, LGBTQ Rights Concerns In a notable move, Canada has issued a travel advisory for its citizens, bringing attention to concerns over state-level policies affecting abortion and LGBTQ rights in the United States. This advisory emerged after the U.S. Supreme Court’s landmark decision to overturn Roe v. Wade, a ruling that has been regarded as a cornerstone of women’s rights in the country for decades. Behind the Advisory The advisory took 71…

US Targets Foreign Banks with Sanctions to Curb Russia’s War Effort In a decisive stroke designed to undermine Russia’s military capabilities, US President Joe Biden has signed a far-reaching executive order targeting the financial sinews aiding Russia’s war efforts in Ukraine. The order, enacted on December 22, 2023, sanctions foreign banks that allegedly support Russia’s defense sector, underscoring the US commitment to stymie Russia’s access to international financial networks and critical war supplies. The Financial Front of Warfare The latest…

Student Unrest and Political Tensions Surge in Bangladesh Amidst the scenic beauty of Bangladesh’s hill tracts, a darker narrative unfolds as the United People’s Democratic Front (UPDF) students face a brutal attack that has shaken the core of student activism in the country. In a recent spate of student unrest, the UPDF, advocating for democratic rights, found themselves targeted in a violent confrontation. A video that captured the harrowing incident went viral, revealing the use of sticks in the assault…