Category: Corruption

Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio. The company said Tuesday that the agreement, if approved by the court, will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury…

The European Court of Human Rights (ECHR) ruled on Tuesday in favour of a group of elderly Swiss women who had argued that their government’s inadequate efforts to combat climate change put them at risk of dying during heatwaves. The European court’s decision on the case, brought by more than 2,000 women, could have a ripple effect across Europe and…

ISTANBUL: Turkey said it would impose trade restrictions on Israel starting Tuesday over the war in Gaza, covering a range of products including cement and steel and iron construction materials. The new measures come a day after Turkey said Israel had blocked its attempt to airdrop aid to Gaza. “This decision will remain in place until Israel declares a ceasefire…

Chinese anti-corruption authorities are investigating a senior executive at one of the country’s top military equipment suppliers, China Electronics Technology Group Corporation, in a new sign of turmoil in the country’s defence establishment. The probe into He Wenzhong, deputy general manager of CETC, a company subject to US sanctions, follows a shake-up of the armed forces last year, when the…

  The trial of 27 people opened Monday in Panama from charges stemming from the Panama Papers, a cache of millions of financial documents that exposed money laundering and worldwide tax evasion networks. Among those on trial are the owners of the Mossack-Fonseca law firm, the company that was central to the 2016 massive document leak, which detailed how the…

Gold fell on April 8 after closing at a record high last week, as investors weigh a strong US jobs report that saw traders unwinding bets for steep US Federal Reserve rate cuts in 2024. The precious metal fell as much as 1.2 per cent in early Asian hours, pressured by a rise in Treasury yields after US payrolls rose…

A unit of defunct lender Credit Suisse will seek to overturn an order to pay US$743 million (S$1 billion) to a billionaire client over the actions of a notorious rogue banker at Singapore’s top court on April 8. The sum was awarded after a lower court earlier ruled that the bank’s trust had failed to safeguard the assets of Bidzina…

CAIRO (AP) — Two basic mistakes, according to the Israeli military. First, an officer overlooked a message detailing the vehicles in the convoy. Second, a spotter saw something in one car – possibly a bag – that he thought was a weapon. Officials say the result was the series of Israeli drone strikes that killed seven aid workers on a…

IDF Chief of Staff Herzi Halevi issued an apology early Wednesday for a devastating Israeli strike on an aid convoy in Gaza that resulted in the deaths of seven humanitarian workers, labeling the event as a consequence of “misidentification.” According to Halevi, the IDF has already conducted a preliminary examination of the strike. “I want to be very clear—the strike…

RAFAH, Gaza Strip (AP) — The bodies of six foreign aid workers killed in a series of Israeli strikes were transported out of the Gaza Strip and into Egypt on Wednesday ahead of their repatriation, Egypt’s state-run Qahera TV reported. The deadly strikes have renewed criticism of Israel’s conduct in the nearly six-monthlong war with Hamas, and highlighted the perilous…

NEW YORK – US office vacancies hit a fresh peak in the first quarter as needs continue to evolve with hybrid work set-ups. Vacancies rose to a record 19.8 per cent, Moody’s Analytics said in a preliminary report on April 1, from 19.6 per cent in the fourth quarter of 2023. Despite the increase, the firm said that the early…

NEW YORK – An executive at a Swiss holding company did not get prison time for participating in a scheme to help US taxpayers hide more than US$60 million (S$81 million) in assets in a fraudulent arrangement known as the “Singapore Solution”. Daniel Walchli, 56, pleaded guilty in 2023 to a single count of conspiracy to defraud the United States…

Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and several consumer products, the company said. St. Paul, Minnesota-based 3M announced Monday that last year’s lawsuit settlement received final approval from the U.S. District Court…

LONDON: British PM Rishi Sunak faces a potential revolt from within his party ranks over new legislation that is set to criminalise homelessness. According to a ‘Times’ report on Monday, several Conservative Party MPs have warned that they will vote against the measures in the ‘Criminal Justice Bill’ in House of Commons. The proposals, which had been unveiled by former…

The Israeli parliament on Monday approved a bill granting top ministers the power to prohibit the broadcasting of Al Jazeera news channel in Israel—a move Prime Minister Benjamin Netanyahu is likely to pursue. The law, passed by a vote of 70 to 10, enables the ban of foreign channel broadcasts and permits the closure of their offices within Israel. The…

KAZAN: A Russian court on Monday extended until June 5 the pre-trial detention of US-Russian journalist Alsu Kurmasheva, who faces 15 years in prison on charges of spreading “false information,” according to her employer. In court in the central city of Kazan on Monday, Kurmasheva smiled but complained about the poor conditions in which she was being held. “This cell…