Tag: All Regions

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…

A Russian nuclear-powered submarine and other naval vessels arrived in Cuba on Wednesday for a five-day visit to the island in a show of force amid spiraling U.S.-Russian tensions. The submarine Kazan, which Cuba says is not carrying nuclear weapons, was accompanied by the frigate Admiral Gorshkov, as well as an oil tanker and a salvage tug. The Kazan and…

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….

The United States on Wednesday announced a raft of new sanctions aimed at constraining Moscow’s ability to wage war on Ukraine while raising the stakes for foreign banks that still do business with Russia. The Treasury Department and State Department’s sanctions impacted more than 300 targets, including entities in Russia and countries like China, Turkey and the United Arab Emirates….

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…

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,…

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…

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…

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 U.S. and Britain struck 13 Houthi targets in several locations in Yemen on Thursday in response to a recent surge in attacks by the Iran-backed militia group on ships in the Red Sea and Gulf of Aden, three U.S. officials said. According to the officials, American and British fighter jets and U.S. ships hit a wide range of underground facilities, missile…

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…

Joe Biden has approved Kyiv’s use of American-made weapons to strike within Russia as long as the targets relate to Moscow’s offensive in Ukraine’s Kharkiv region, a US official said on Thursday.  The decision marks an important shift from Washington’s previous position that Ukraine should not use US weapons to strike targets in Russia — and follows growing pressure on…

SINGAPORE – Offshore and marine specialist Seatrium has secured $11 billion worth of contracts to build two new floating production storage and offloading vessels (FPSOs) for Brazil’s national oil company, Petrobras. Called P-84 and P-85, the FPSOs will be deployed in the Atapu and Sepia fields in the Santos Basin, offshore of the Brazilian city Rio de Janeiro, Seatrium announced…

The United States was growing desperate, months before its entry into the Second World War. It was gravely short of aluminum, and scrambling for suppliers. Its solution: turn north to Canada.  American public money flooded into Quebec, building the aluminum industry that supplied raw materials for Allied planes and tanks. “I would be willing to buy aluminum from anybody,” said…

SINGAPORE – Singapore’s competition watchdog has assessed that ANA Holdings’ proposed acquisition of Japanese cargo airline Nippon Cargo Airlines (NCA) will not result in a substantial lessening of competition within any market in Singapore. The Competition and Consumer Commission of Singapore (CCCS) said on May 24 that it arrived at this conclusion after a six-month review, which also took into…

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…