Tag: All Regions

BEIRUT (AP) — A Lebanese judge on Monday questioned auto tycoon Carlos Ghosn in Beirut over possible links to a former French Cabinet minister charged two years ago with “passive corruption” for work she did for him, officials familiar with the case said. The Lebanese officials said Ghosn denied any dealings with France’s former Justice Minister Rachida Dati who is accused of having done consulting work for Ghosn for two years starting in 2010 when she was a member of…

My latest Deeper Dive dug into China’s failing commercial real-estate market, as well as other global commercial real-estate markets that are collapsing, laying out the corporate zombie apocalypse that is building particularly in office real estate, but also still deepening in retail real estate. It’s happening all over the world: Unprofitable companies that survived only because of cheap credit (zombies) — and even some profitable ones — are toppling as credit costs rise. The headlines supporting my summary analysis this weekend can…

Emails from the Biden laptop shed light on Burisma’s opening of a Maltese bank account for Hunter Biden in the spring of 2016. This newly discovered development coincides with the allegations made by an FBI source, suggesting that Mykola Zlochevsky, the founder of Burisma Holdings, allegedly paid a $5 million bribe each to then-Vice President Joe Biden and his son, Hunter Biden. In 2014, Ukraine initiated criminal cases against Zlochevsky and Burisma, the company where Hunter Biden held a board…

Russian businessman Roman Abramovich is refusing to sign off the release of £2.3 billion ($2.9 billion) made from his sale of Chelsea Football Club to Ukraine, as he apparently wants a “substantial” part of the sum transferred to Russians affected by the conflict, a UK newspaper has reported. The newspaper also cited an unnamed source close to the above-mentioned funds as saying the hope is that “money will start arriving in Ukraine before harsh winter conditions set in again towards…

The world’s largest cryptocurrency exchange, Binance is being investigated by French authorities, according to media reports in France. The investigation is focused on its anti-money laundering procedures. It follows the announcement of the company’s departure from the Netherlands after it failed to obtain a licence from the Dutch central bank. In a statement Binance confirmed French authorities visited its offices last week and will comply accordingly. “We had an on-site visit last week by the relevant authorities. Binance, as always,…

  The U.S. government has confirmed that multiple federal agencies have fallen victim to cyberattacks exploiting a security vulnerability in a popular file transfer tool. In a statement shared with TechCrunch, CISA confirmed that “several” U.S. government agencies have experienced intrusions related to the exploitation of a vulnerability in MOVEit Transfer, an enterprise file transfer tool developed by Progress Software. The agency also attributed the attacks to the Russia-linked Clop ransomware gang, which this week started posting the names of…

The U.S. government has been hit in a global hacking campaign that exploited a vulnerability in widely used software, the nation’s cyber watchdog agency said on Thursday. The U.S. Cybersecurity and Infrastructure Security Agency (CISA) said several federal bodies had experienced intrusions following the discovery of a weakness in the file transfer software MOVEit, Eric Goldstein, the agency’s executive assistant director for cybersecurity, said in a statement. “We are working urgently to understand impacts and ensure timely remediation,” he said….

Canada is freezing ties with the China-led Asian Infrastructure Investment Bank, or AIIB, while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday. Freeland said she did not rule out any outcome of the investigation, a clear hint that Ottawa could pull out of a bank it officially joined in March 2018. The bank’s global communications director, a Canadian, said on Wednesday he had resigned and criticized the bank as “dominated…

Reddit CEO Steve Huffman, desperate to show Wall St. that his company can make money, decided to lock away the information on Reddit behind a paywall by turning Reddit’s free API to paid, creating quite a mess. In response, thousands of subreddits went dark on Monday, with a plan for most (though not all) to come back today. But, on Tuesday, Huffman’s internal email to Reddit staff leaked to the Verge, in which Huffman continued with the same dismissive attitude…

Omar Asad, 80, was detained at a temporary checkpoint in the occupied West Bank overnight in January 2022. The soldiers left him unresponsive on the ground of a construction site and said they assumed he had fallen asleep. Palestinian leaders say this case shows the near impunity of Israeli soldiers. They have called for those involved to be prosecuted in an international court. Mr Asad had been out drinking coffee and playing cardsbeforedriving to his home in the village of…

Russian President Vladimir Putin threatened to order troops to take more land in Ukraine in order to protect Russian territory, he said in remarks on Tuesday. The assertion comes as Ukraine begins a long-awaited counteroffensive in the country’s south and east, claiming small victories that have been disputed by the Russian government. Putin said Ukraine has suffered “catastrophic” losses in their probing attacks into Russian-occupied portions of Ukraine, however Ukrainian officials have so far called the offensive a success. He…

DUBAI, United Arab Emirates (AP) — Kuwait reached an agreement worth $367 million with Turkish drone giant Baykar to purchase its increasingly sought-after TB2 combat drones, the Kuwaiti army said. The drone, Bayraktar TB2, boasts unmanned aerial vehicles that can carry lightweight, laser-guided bombs, and fly for up to 27 hours at a time, which, according to the company, was “a record,” it had set while testing the drone in Kuwait in 2019. The announcement, on Tuesday, would set Kuwait…

  The European Commission has signalled it could be preparing to break up Google’s adtech business. Speaking during a press conference this afternoon, EU EVP Margrethe Vestager, the bloc’s competition chief and head of digital strategy, announced it has sent a formal statement of objections to Google for suspected anti-competitive conduct in its adtech business. If the Commission confirms its suspicions she said it is looking at breaking up Google’s adtech as the only viable solution to resolve what she…

By Chen Qingqing Published: Jun 13, 2023 07:46 PM The Chinese Foreign Ministry reiterated on Tuesday that it is crucial to conduct an objective, fair, and professional investigation into the Nord Stream pipeline explosion and hold those responsible accountable, after some media reported that German investigators are looking into details about the explosion orchestrated by a sabotage group and the US had knowledge of a plan to attack the pipeline three months before the explosion occurred. We have noticed the…

By Global Times Published: Jun 13, 2023 02:27 PM The Biden administration on Monday added 43 entities including 31 entities from China to an export control list that bars them from accessing US technologies and components, the latest US move to crack down on China’s efforts in developing and modernizing its technology. Washington’s irrational obsession of targeting China’s rising technology prowess in name of the so-called national security protection lays bare the US’ desperate attempt to maintain supremacy in control…