Corruption Ledger

NEW YORK – Standard Chartered is ramping up its bullish Bitcoin prediction, targeting as much as US$120,000 (S$161,000) by the end of 2024 – almost quadruple the current price – as increasingly cash-rich miners reduce their sales of the token. “Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and…

  WASHINGTON ― The White House on Monday told lawmakers it opposes a provision in the House’s annual defense policy bill that would create a special inspector general for Ukraine aid, modelled after the Special Inspector General for Afghanistan Reconstruction. The Ukraine inspector general was one of several provisions in the fiscal 2024 National Defense Authorization Act that the White…

NATO chief Jens Stoltenberg announces that President Erdogan agrees to forward Sweden’s bid to Turkey’s parliament. Turkish President Recep Tayyip Erdogan has agreed to back Sweden’s bid to join NATO after a year of blocking the move, citing Turkish security concerns. NATO Secretary-General Jens Stoltenberg announced on Monday that Erdogan agreed to forward Sweden’s membership bid to Turkey’s parliament. After…

  Joe Biden blurted out to reporters on Sunday that his decision to send widely-banned cluster bombs to Ukraine was made because “we’ve run out of ammunition.” “Mr President– on cluster munitions, why now?” a reporter asked. “We’ve run out of ammunition,” Biden bluntly responded. Joe Biden wasn’t supposed to say the quiet part out loud: “We’ve run out of…

BENGALURU – Nearly 900 Amazon workers at a warehouse in Britain will stage a strike for three days in the coming week over a pay dispute, labour union GMB said on Saturday. The strike will take place from July 11-13 at Amazon’s warehouse in Coventry, for two hours during the morning and two hours in the evening on the three…

Mali has freed at least two jihadists from the Sahel affiliate of the Islamic State group in a prisoner exchange, a security official and two politicians told AFP on Saturday. The Sahel country’s military had in recent days released Oumeya Ould Albakaye and Dadi Ould Cheghoub, both members of the Islamic State in the Greater Sahara (ISGS), flying them from Bamako to the Gao region in…

The Kremlin on Saturday slammed Ukrainian President Volodymyr Zelensky‘s decision to repatriate several Ukrainian commanders who should have remained in Turkey until the end of the conflict under a deal. The Ukrainian presidency confirmed that it had secured the return of members of the crack Azov regiment, which is despised in Russia, after “negotiations with the Turkish side.” They were greeted at Istanbul airport by Zelensky, who…

U.S. Treasury Secretary Janet Yellen on Sunday said she agreed Washington will listen to Chinese complaints about security-related curbs on U.S. technology exports and might “respond to unintended consequences” as she ended a visit to Beijing aimed at reviving strained relations. Yellen defended “targeted measures” on trade that China’s leaders complain are aimed at hurting its fledgling tech industries. She…

Last week, in a significant victory for free speech, a federal court stepped in to curb potential overreach by the Biden administration in its collaboration with social media platforms to suppress online content. The court ruling, issued by US District Judge Terry Doughty of Louisiana on Tuesday caused critics to complain that it hinders the administration’s efforts to counter online conspiracy…

This July 3 marks the 10th anniversary of Egyptian army chief General Abdel Fattah Sisi’s violent seizure of power in Cairo. The first democratically elected leader in 5000 years of Egyptian history, Mohamed Morsi, was swept from office, his supporters were massacred by the hundreds, and he ultimately died in prison. With US and UK support, Sisi quickly reversed any…

On Friday, foreign minister Annalena Baerbock said that the country opposes the United States sending cluster munitions after the Biden administration announced it was considering it.  According to Reuters, Germany is one of 111 states that are part of the Convention on Cluster Munitions (CCM) and the organization also opposes the munitions which are widely denounced for killing and maiming civilians…

Nearly 70 IT security and privacy academics have added to the clamour of alarm over the damage the UK’s Online Safety Bill could wreak to, er, online safety unless it’s amended to ensure it does not undermine strong encryption. Writing in an open letter, 68 UK-affiliated security and privacy researchers have warned the draft legislation poses a stark risk to…

Interior Minister Gerald Darmanin and Minister Delegate for the Digital Transition and Telecommunications Jean-Noel Barrot reportedly warned platforms such as TikTok, Snapchat and Twitter of their responsibility and asked for support identifying users involved in committing offenses. France has been gripped by unrest since June 27, when a 17-year-old boy was shot dead by a police officer for failing to stop his car when ordered to do so in Nanterre, a suburb of Paris. The officer who pulled the trigger on Nahel M. has been taken into custody for voluntary manslaughter, but that has not deterred the protesters.

The Swedish Authority for Privacy Protection (Integritetsskyddsmyndigheten – IMY) has fined two companies with 12.3 million SEK (€1 million/$1.1 million) for using Google Analytics and warned two others about the same practice. In a decision published yesterday, the agency explains that by using Google Analytics to generate web statistics the firms were breaching European Union’s General Data Protection Regulation (GDPR)….

BEIRUT (AP) — A French court Tuesday upheld the freezing of the assets of Lebanon’s embattled central bank governor, rejecting his appeal to have them released, an official close to the investigation said. Several European countries are investigating central bank Gov. Riad Salameh and his associates over myriad alleged financial crimes, including illicit enrichment and laundering of $330 million. A…

The Australian Prudential Regulation Authority has slapped BNK Banking Corporation with a $247,500 fine for failing to meet its data reporting requirements to the APRA.  In a statement, the prudential regulator said BNK was 32 days late in filing statistical reports for the month ending Feb. 23 under the Economic and Financial Statistics program. This failure to report data by…