Tag: All Regions

UBS nears settlement over Credit Suisse tax evasion case, WSJ reports UBS is set to pay a minimum of hundreds of millions of dollars to settle Credit Suisse’s violations of an earlier agreement with the U.S. Department of Justice over customers in the U.S. who evaded tax, the Wall Street Journal reported on Thursday. A settlement could come as soon…

A Virginia man and former business owner pleaded guilty yesterday to not accounting for and paying employment taxes to the IRS. According to court documents and statements made in court, Richard E. Moore, of Augusta County, was the executive vice president and part owner of Nexus Services Inc., a Verona-based company that offered bond securitization and other services to immigrants…

Nikolay Goltsev, 38, of Montreal, Canada, was sentenced today to 40 months in prison for conspiring to commit export control violations. Goltsev masterminded a global procurement scheme on behalf of sanctioned Russian companies, including Russian military companies. Some of the electronic components shipped by Goltsev were later found in seized Russian weapons platforms and signals intelligence equipment in Ukraine. “Today, Nikolay…

ATLANTA – Severe weather disrupted holiday travel on Dec 28 across the US with deadly tornadoes in the south-east and heavy snow and wind on the west coast, delaying or cancelling thousands of flights across the country. More than 7,000 flights in the US were delayed, according to the tracking site FlightAware, and more than 200 were cancelled. About a…

At least 28 dead, two rescued in fiery aircraft crash in South Korea, Yonhap reports Audio By Carbonatix SEOUL (Reuters) – At least 28 people were killed when an airliner went off the runway and slammed into a wall at South Korea’s Muan International Airport on Sunday, Yonhap news agency reported. The accident occurred as Jeju Air flight 7C2216, carrying…

The head of the World Health Organization said on Friday he was not sure he was going to survive an air strike carried out by Israel a day earlier during a series of attacks on the Iran-aligned Houthi movement. Speaking after his ordeal at the Sanaa International Airport on Thursday, WHO Director-General Tedros Adhanom Ghebreyesus said the explosions that rocked…

NEW YORK – Law enforcement in the US state of New York on Dec 27 released “devastating” footage of prison guards beating a Black inmate shortly before he died. The body-worn camera footage, recorded the night of Dec 9, shows Robert Brooks, 43, brutalised by multiple prison guards, with his face bloodied and neck held. Brooks, an inmate at a…

Vanguard reaches deal with US bank regulator over control of bank stakes (Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) said on Friday it has struck a passivity agreement with Vanguard, to help the regulator better monitor the money manager’s interests in large banks. According to the deal, Vanguard is strictly prohibited from engaging in activities that influence the management…

As Israel marks Hanukkah, ceasefire talks with militants in Gaza remain stalled as Israel continues to pound targets in the territory. Among the latest reported victims of the war, a displaced child who froze to death overnight while sheltering in a tent.

NATO calls for full investigation of Azerbaijan Airlines crash BRUSSELS (Reuters) – NATO on Thursday called for a full investigation into the cause of an Azerbaijan Airlines plane crash that killed 38 people. “Our thoughts and prayers are with the families and victims of Azerbaijan Airlines flight J28243,” NATO spokesperson Farah Dakhlallah said in a post on the platform X….

HARTFORD, Conn. — Former top Coast Guard officials hid a yearslong investigation into sexual assault and harassment at the service’s academy from both Congress and the public after leaders debated the fallout from a potential disclosure, according to a U.S. Senate committee report released Friday. Coast Guard officials also took steps to remove references to the investigation, named Operation Fouled…

The Chinese government protested Sunday the latest American announcements of military sales and assistance to Taiwan, warning the United States that it is “playing with fire.” U.S. President Joe Biden on Saturday authorized the provision of up to $571 million in Defense Department material and services and in military education and training for Taiwan. Separately, the Defense Department said Friday that…

Following a comprehensive investigation, the Justice Department announced today that the Mount Vernon, New York, Police Department (MVPD) engages in a pattern or practice of conduct that deprives people of rights secured by the U.S. Constitution and federal law. Specifically, the Justice Department finds that MVPD: Uses excessive force in numerous ways, including by unnecessarily escalating minor encounters and by…

CHICAGO (AP) — Hours of secretly recorded videos and phone calls have offered a rare glimpse into how the longest-serving legislative leader in American history operated behind closed doors. As the corruption trial of former Illinois House Speaker Michael Madigan stretches into its third month, testimony has covered his multiple alleged schemes, from kickbacks involving the state’s largest utility company…

Authorities in two Indian states that are driving its economic growth are drafting tighter workplace rules and inspections to protect white collar employees following the death of a young executive at global consultancy Ernst & Young (EY), which her family blamed on overwork. India’s decades-old labour laws are largely focused on blue-collar workers, leaving others vulnerable to workplace abuse such…

TAIPEI (Reuters) – Taiwan’s defence ministry reported a spike in Chinese military activity around the island on Wednesday, including 53 military aircraft, with Taiwan on high alert over Beijing’s latest pressure campaign. China’s military has yet to comment and has not confirmed it is carrying out any military exercises. China, which views democratically governed Taiwan as its own territory, had…