Category: Corruption

SHANGHAI – China’s major state banks have lowered their US dollar deposit rates for the second time in a month, seven banking sources with direct knowledge of the matter said, as the authorities step up efforts to arrest a slide in the Renminbi currency. Interest rates offered by the “Big Five” state-owned lenders on most dollar deposits are now capped at 2.8 per cent, down from 4.3 per cent previously, said the people. The People’s Bank of China (PBOC), which…

The United States said Monday that ally Israel had a right to “defend its people” against Islamist militants but called for protection of civilians after a major, deadly raid in the occupied West Bank. “We support Israel’s security and right to defend its people against Hamas, Palestinian Islamic Jihad, and other terrorist groups,” a State Department spokesperson said. “It is imperative to take all possible precautions to prevent the loss of civilian lives,” the spokesperson added. The United States, Israel’s…

James S. Crown On Sunday, James S. Crown died in an unusual single-car accident, reportedly on a motorsport racetrack at a “member-owned country club” in Aspen, Colorado. The Pitkin County Coroner’s Office said in a statement that “The official cause of death is pending autopsy, although multiple blunt force trauma is evident.” The Sheriff’s Office indicated that the earliest new information would be made available to the public is next week. In August of last year, Wall Street On Parade made a…

Microsoft has denied the claims of the so-called hacktivists “Anonymous Sudan” that they breached the company’s servers and stole credentials for 30 million customer accounts. Anonymous Sudan is known for debilitating distributed denial-of-service (DDoS) attacks against Western entities in recent months. The group has confirmed their affiliation with pro-Russian hacktivists like Killnet. Last month, Microsoft admitted that Anonymous Sudan was responsible for service disruptions and outages at the beginning of June that impacting several of its services, including Azure, Outlook, and…

Steve Li Kwai-wah, Hong Kong’s national security department superintendent, speaks during a press conference to issue arrest warrants for eight activists, in Hong Kong on Monday. Joyce Zhou/Reuters TAIPEI, Taiwan — Hong Kong has issued arrest warrants for eight exiled activists and lawyers, accusing them of violating China’s national security law — and offering a hefty bounty for their capture. Among the eight people Hong Kong’s national security police say are wanted for “collusion with foreign forces” are activist and…

Sweden’s data protection watchdog has issued a couple of fines in relation to exports of European users’ data via Google Analytics which it found breach the bloc’s privacy rulebook owing to risks posed by US government surveillance. It has also warned other companies against use of Google’s tool. The fines — just over $1.1 million for Swedish telco Tele2 and less than $30k for local online retailer CDON — are notable as they are the first such fines following a…

  Editor’s note: This report contains discussion of suicide. Troops, veterans and family members experiencing suicidal thoughts can call the 24-hour Suicide and Crisis Lifeline at 988 or 1-800-273-8255, text 838255 or visit VeteransCrisisLine.net. The number of suicides across the active-duty military increased from 75 in the first quarter of 2022 to 94 in the first quarter of 2023, according to the Defense Suicide Prevention Office. The Pentagon’s office on prevention said to be wary of extrapolating and interpreting the…

Climate change threatens to deliver a “truly terrifying” dystopian future of hunger and suffering, the United Nations’ human rights chief warned Monday. Volker Turk slammed world leaders for only thinking of the short term while dealing with the climate crisis. Turk told a UN Human Rights Council debate on the right to food that extreme weather events were wiping out crops, herds and ecosystems, making it impossible for communities to rebuild and support themselves. “More than 828 million people faced…

Canada’s banking regulator is cautioning that lenders and borrowers are overly reliant on lengthening mortgage amortizations to help the latter cope with higher interest rates and surging costs. In an exclusive interview with The Globe and Mail on Friday, Peter Routledge, the head of the Office of the Superintendent of Financial Institutions (OSFI), said that borrowers with mortgages in which payments are not high enough to cover the interest portion of the loan could experience a “shock” in significantly higher…

Florida Gov. Ron DeSantis has approved a plan to use phosphogypsum, a radioactive waste material, in “demonstration projects.” Here, signs block a roadway in Boca Raton during a construction project in 2021. Florida is another step closer to paving its roads with phosphogypsum — a radioactive waste material from the fertilizer industry — after Gov. Ron DeSantis signed a controversial bill into law Thursday. Conservation groups had urged DeSantis to veto the bill, saying phosphogypsum would hurt water quality and…

While the US mainstream press has a record of ignoring reports concerning alleged misdeeds by the president and the first son, the NYT has claimed it has a source backing some of accusations voiced by IRS supervisory agent-turned whistleblower Gary Shapley. One of Shapley’s bombshell claims is that US Attorney David Weiss – assigned to conduct an investigation into Hunter Biden’s alleged tax crimes – was reportedly told by the DoJ that he could not bring charges against Hunter in…

BlackRock and JPMorgan Chase are reportedly aiding the Ukrainian government in setting up a reconstruction bank that could see rebuilding projects being heavily invested in by private entities. The Financial Times noted that it would cost Ukraine roughly $411 billion to rebuild their country amid the onslaught of attacks by Russia, but the cost is continuing to increase.

Potential investors will get an inside preview of how things will look during a London conference that is set to take place this week.

In its statement of support for Moscow on Saturday, Minsk warned that “any provocation, any internal conflict in political and military circles, in the information field and in civil society” would be a “gift to the collective West” for its proxy war against Russia. Western newspapers, TV channels and online news outlets published fake news stories relating to this conflict. Sputnik dissected a few of them. ‘Putin Has Fled Moscow’ British, Polish and Ukrainian media have jumped on rumors that…

Evgeny Prigozhin has agreed to halt his advance on Moscow after a mediation effort led by Belarusian President Alexander Lukashenko, Belarusian state media reported Saturday evening.Lukashenko’s talks with Prigozhin, said to have stretched throughout the day Saturday, were agreed with Putin. “As a result, the parties agreed to to the inadmissibility of unleashing a bloody massacre on Russian territory. Evgeny Prigozhin accepted President Lukashenko’s proposal to stop the movement of Wagner’s forces in Russia and to take further steps to…

As columns of mercenaries appeared to be moving towards Moscow, Russian President Vladimir Putin vowed to strike back hard against Yevgeny Prigozhin, leader of the mercenary Wagner Group, who has launched an assault on his own government. In remarks on Saturday morning from the Kremlin, Putin denounced Prigozhin’s “criminal adventure” as an “armed mutiny” that would be met with a response from regular Russian troops. “Any actions that split our nation are essentially a betrayal of our people, of our…