Tag: Region Europe

ZURICH – Switzerland’s Federal Administrative Court has received 230 claims against the country’s financial regulator Finma after it wrote off the value of Credit Suisse’s AT1 bonds, the court said on Tuesday. The claims related to 2,500 individual parties, a court spokesman told Reuters. The court in the north-eastern Swiss city of St Gallen, declined to say whether the time limit for filing further claims had expired or the amount of compensation claimed. The bond holders have sued Finma after…

First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the failed bank’s employees in order to launch its own U.S. venture banking business. The lawsuit filed in San Francisco federal court says HSBC violated federal law by hiring away the workers so it could gain access to Silicon Valley Bank’s (SVB) trade secrets including information about clients in the tech and healthcare sectors….

LONDON – Meta on Monday was fined a record 1.2 billion euros (S$1.75 billion) and ordered to stop transferring data collected from Facebook users in Europe to the United States, in a major ruling against the social media giant for violating European Union (EU) data protection rules. The penalty, which eclipses a 746 million euro EU fine previously doled out to Amazon.com, was announced by Ireland’s Data Protection Commission. It is potentially one of the most consequential in the five…

WASHINGTON — The Air Force is focused on avoiding the mistakes that plagued past programs like the F-35, as the service officially kicks off its effort to build a sixth-generation fighter, Secretary Frank Kendall said Monday. That includes ensuring the Air Force has access to all the sustainment data it needs from the contractor building the Next Generation Air Dominance platform, Kendall told reporters at a breakfast roundtable hosted by the Defense Writers Group. “We’re not going to repeat the,…

HIROSHIMA, Japan — Ukrainian President Volodymyr Zelenskyy said Sunday that Russian forces weren’t occupying Bakhmut, casting doubt on Moscow’s insistence that the eastern Ukrainian city had fallen. Responding to a reporter’s question about the status of the city at the Group of Seven summit in Japan, Zelenskyy said: “Bakhmut is not occupied by the Russian Federation as of today.” “We are not throwing people (away) to die,” Zelenskyy said in Ukrainian through an interpreter. “People are the treasure. I clearly…

Adam Kovacevich is the CEO and founder of a center-left tech industry coalition called Chamber of Progress and has worked at the intersection of tech and politics for 20 years, leading public policy at Google and Lime and serving as a Democratic Hill aide. When the Biden administration proposed new protections earlier this month to prevent law enforcement from demanding reproductive healthcare data from companies, they took a critical first step in protecting our personal data. But there remains a…

KYIV, Ukraine (AP) — The head of the Russian private army Wagner claimed Saturday that his forces have taken control of the city of Bakhmut after the longest and most grinding battle of the Russia-Ukraine war, but Ukrainian defense officials denied it. In a video posted on Telegram, Wagner head Yevgeny Prigozhin said the city came under complete Russian control at about midday Saturday. He spoke flanked by about half a dozen fighters, with ruined buildings in the background and…

The international community will not fall in line with the pro-Western rules pushed by the G7 and not allow the US-led group to dominate world affairs, the Chinese Foreign Ministry said in a statement on Saturday.  “China will never accept the so-called rules imposed by the few. The international community does not and will not accept the G7-dominated Western rules that seek to divide the world based on ideologies and values,” the statement read. The Foreign Ministry went on to…

The International Criminal Court says it is “undeterred” by Russia putting its chief prosecutor on a wanted list. It comes two months after the ICC’s Karim Khan issued an arrest warrant for Russian President Vladimir Putin. In a statement on Saturday, the court said the move was an attempt to undermine its “lawful mandate to ensure accountability for the gravest crimes”. Russia, which is not an ICC member, previously described the warrant against Mr Putin as being “void”. Mr Khan,…

Shenderovich then confirmed on Facebook he was “barred from his own performance in London” but still did not explain the reasons behind the incident. He also mockingly thanked “all the idiots” responsible “for such an incredible promotion.”  The author eventually moved to nearby Regent’s Park together with his would-be audience, where he held an impromptu performance “in the natural setting,” Shenderovich himself said in his Facebook statement. The author called the event “one of his best performances” and said that…

  GHIBULLO – More than 36,000 people have now been forced from their homes by deadly floods in northeast Italy, regional officials said Saturday, as rising waters swallowed more houses and fresh landslides isolated hamlets Violent downpours earlier this week killed 14 people, transforming streets in the cities and towns of the Emilia Romagna region into rivers. And as more rain fell, regional authorities extended the red weather alert to Sunday. Italian Prime Minister Giorgia Meloni said Saturday she was…

Indonesia is launching the flight because “Russia is now looking to the East, so we are also looking towards Russia,” Helmi explained. Also on Friday, the first Russian plane landed in Georgia’s capital Tbilisi after a four-year hiatus. The arrival was met by a small group of anti-Russia protesters at the airport. On Saturday, meanwhile, the first Georgian Airways plane arrived in Moscow, with its pilot saying on social media that “direct flights are profitable and the right thing to…

French prosecutors have issued an arrest warrant for Lebanon’s Central Bank Governor Riad Salameh, Arab News reported on 16 May. The warrant comes after Salameh failed to attend a court hearing in Paris. Prosecutors intended to press preliminary fraud charges, court documents and two sources said. Salameh has attempted to avoid arrest and has failed to show up for court hearings in his native Lebanon in the past. In March, the Lebanese Ministry of Justice asked the judiciary to arrest…

U.S. President Joe Biden told G7 leaders that Washington will support providing advanced warplanes including F-16s to Ukraine and will back efforts to train Kyiv’s pilots, a senior White House official said Friday. The U.S. move signals a major breakthrough for Kyiv, which has repeatedly — and until recently unsuccessfully — pushed its Western supporters to agree to provide high-tech jets as it fights to fend off Russia’s invasion. Ukrainian President Volodymyr Zelenskyy — who is set to meet Biden…

A businessman is due to appear in court in Latvia on Saturday in a murder plot trial that could shed light on the murky past of its banking system. Mihails Ulmans and his associate, co-defendant Aleksandrs Babenko, are alleged to have paid the killer of insolvency lawyer Martins Bunkus. Mr Bunkus is said to have uncovered evidence of money-laundering at LPB bank, partly owned by Mr Ulmans. He was shot dead in 2018. Both defendants deny any involvement. According to…

The Russian branch of environmental group Greenpeace on Friday said it would shut down after authorities declared the group an “undesirable organization”, effectively banning it from operating. In a statement, Russia’s Prosecutor General said Greenpeace had tried to “interfere in the internal affairs of the state” and was “engaged in anti-Russian propaganda” by calling for sanctions against Moscow. The label “undesirable” has been applied to dozens of foreign groups since Moscow began using the classification in 2015, and effectively bans…