Category: Corruption
EU foreign ministers approve decision to transfer profits from Russian assets to Ukraine
BRUSSELS, June 24. /TASS/. At a regular meeting of the EU Council foreign ministers of 27 EU countries approved the decision to transfer 1.4 billion euros of profits from Russia’s frozen assets to the European Peace Facility for military assistance to Ukraine, EU foreign affairs chief Josep Borrell told a press conference following the results of the meeting. “The ministers…
US finds adds Japan to foreign exchange monitoring list
WASHINGTON – The US Treasury on June 20 said no major trading partner appeared to have manipulated its currency in 2023, but it added Japan to a foreign exchange “monitoring list”, alongside Singapore, China, Malaysia, Vietnam, Taiwan and Germany, which were on the previous list. The Treasury’s semi-annual currency report found that none of the countries examined met all three…
Russia, China find payments workaround as US sanctions net widens, sources say
MOSCOW (Reuters) -Russia-China trade options have narrowed since the U.S. imposed sanctions last week on the only Russian bank branch in China, but President Vladimir Putin’s Chinese visit last month has helped ensure the two countries have payment alternatives for now, three sources said. Since Putin’s visit, specially authorised banks have been set up in border regions which allow Russian…
US sends submarine to Cuba after Russian ships arrive
USS Helena, a Los Angeles-class boat, arrived on Thursday for a “routine port visit,” the US Southern Command said in a statement. “The vessel’s location and transit were previously planned,” SOUTHCOM added, noting that the Helena is “conducting its global maritime security and national defense mission.” AP described the submarine’s arrival as “a show of force” by Washington, in response…
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…
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…
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….
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,…
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…
Magellan Diagnostics Agrees to Plead Guilty and Pay $42 Million to Resolve Criminal Charges
BOSTON – Magellan Diagnostics, Inc., a medical device company headquartered in Billerica, Mass., has agreed to resolve criminal charges relating to its concealment of a device malfunction that produced inaccurately low lead test results for potentially tens of thousands of children and other patients. As part of the criminal resolution, Magellan will plead guilty to violations of the federal Food, Drug and Cosmetics…
UK infected blood coverup: Worst treatment sandal in HNS history
Dr. Campbell’s Notes and References Confirmed horrifying scandal https://www.telegraph.co.uk/news/2024/05/20/infected-blood-scandal-inquiry-live-latest/ Rishi Sunak “a day of shame for the British state” Worst treatment sandal in HNS history “Today’s report shows a decades-long moral failure at the heart of our national life – from the National Health Service to the Civil Service, to ministers in successive governments, at every level the people and…
International Criminal Court prosecutor seeks arrest warrants for Netanyahu, Gallant
Video: Reaction is pouring in from the decision by the ICC chief prosecutor to seek arrest warrants against Israeli Prime Minister Benjamin Netanyahu and his defence minister Yoav Gallant. They’re accused of war crimes and crimes against humanity alongside three senior Hamas leaders.