Tag: All Regions

The new year will likely prove to be one of significant force structure changes for the Army, according to its senior leaders. Although the service has maintained for years that embracing multidomain operations will require it to “transform” its force structure into one leaders believe is suited to tomorrow’s battlefield, back-to-back recruiting shortfalls led top officials to admit by mid-to-late…

WASHINGTON: The US will provide up to $250 million in arms and equipment to Ukraine in the final package of aid this year to help Kyiv in its war with Russia, Secretary of State Antony Blinken said on Wednesday. President Joe Biden has asked Congress to provide another $61 billion in aid to Ukraine, but Republicans are refusing to approve…

SINGAPORE – The Monetary Authority of Singapore (MAS) has imposed a $3.9 million civil penalty on Credit Suisse for its failure to prevent or detect misconduct by relationship managers (RMs) in its Singapore branch. Credit Suisse paid the penalty to the regulator immediately after it was imposed, and as part of the settlement, also separately compensated its affected clients, said…

The U.S. on Wednesday announced what officials say could be the final package of military aid to Ukraine unless Congress approves supplemental funding legislation that is stalled on Capitol Hill. The weapons, worth up to $250 million, include an array of air munitions and other missiles, artillery, anti-armor systems, ammunition, demolition and medical equipment and parts. The aid, provided through the Presidential Drawdown Authority,…

Apple has said it would suffer “irreparable harm” after the White House allowed a ban on imports on some of its watches following a dispute over the devices’ blood oxygen technology. The tech giant is filing an emergency motion asking a court to allow it to sell two of its most popular watches – the Series 9 and Ultra 2…

A cardinal who oversaw the management of Vatican funds from 2011 to 2018 has been convicted of multiple counts of embezzlement and fraud in a landmark corruption case. Cardinal Giovanni Angelo Becciu, once one of the most powerful figures in the Holy See, was sentenced by the Vatican’s criminal court to five years and six months in jail on Saturday…

Latvia’s former central bank governor was sentenced to six years in prison for bribery on Wednesday after a trial over the most prominent of a series of recent financial scandals to hit the Baltic country. Ilmārs Rimšēvičs, head of the Latvian central bank from 2001 until 2019, was found guilty by the Riga district court of accepting bribes and a…

Canada Issues Travel Advisory on U.S. Trips Over Abortion, LGBTQ Rights Concerns In a notable move, Canada has issued a travel advisory for its citizens, bringing attention to concerns over state-level policies affecting abortion and LGBTQ rights in the United States. This advisory emerged after the U.S. Supreme Court’s landmark decision to overturn Roe v. Wade, a ruling that has…

US Targets Foreign Banks with Sanctions to Curb Russia’s War Effort In a decisive stroke designed to undermine Russia’s military capabilities, US President Joe Biden has signed a far-reaching executive order targeting the financial sinews aiding Russia’s war efforts in Ukraine. The order, enacted on December 22, 2023, sanctions foreign banks that allegedly support Russia’s defense sector, underscoring the US…

Prague in Mourning: Charles University Mass Shooting Claims 14 Lives A Day Shrouded in Grief The Czech Republic’s storied capital city, known for its architectural beauty and cultural vibrancy, was overshadowed by grief as the national flag was lowered to half mast. St. Vitus Cathedral’s bells tolled in remembrance, and a requiem echoed through its historic walls. In Kostel sv….

An Israeli airstrike killed 76 members of an extended family, rescue officials said Saturday, a day after the UN’s chief warned again that nowhere is safe in Gaza and that Israel’s ongoing offensive is creating “massive obstacles” to the distribution of humanitarian aid. Friday’s strike on a building in Gaza City was among the deadliest of the Israel-Hamas war, now in…

Student Unrest and Political Tensions Surge in Bangladesh Amidst the scenic beauty of Bangladesh’s hill tracts, a darker narrative unfolds as the United People’s Democratic Front (UPDF) students face a brutal attack that has shaken the core of student activism in the country. In a recent spate of student unrest, the UPDF, advocating for democratic rights, found themselves targeted in…

For weeks, alternative news outlets like The Grayzone and The Intercept have cast major doubts on Israel’s claim that the al-Shifa Hospital in northern Gaza sat atop a major Hamas command center. Now, even an ultimate establishment outlet — the Washington Post — has likewise found that Israel’s claims about the hospital it besieged don’t stand up to scrutiny. Mistrust…

Obama-appointed DC district judge Beryl Howell sidestepped the First Amendment by finding Rudy Giuliani guilty of defaming two Georgia election workers before trial for allegedly “not complying with his discovery obligations” and now she’s ordering him to pay $148 million in damages immediately because he’s “unlikely” to have the jury verdict overturned on appeal. Just as we saw with the…

SEOUL – South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won (S$10.24 million) each on HSBC Holdings and BNP Paribas for so-called naked short selling, which is considered illegal in the country, according to two people familiar with the matter.  The nation’s Financial Supervisory Service (FSS) made the recommendation to the Securities and Futures…

France’s Sapin II Law was created in 2016 to address corporate corruption and implement antibribery measures. The legislation took effect in 2017, marking a significant shift in the country’s regulatory compliance landscape. The law, which tracks closely with similar laws in the US, UK, and other EU countries, requires large companies [1] to implement a robust compliance program, including anti-corruption…