Tag: Region Europe

PARIS – A co-founder of French crypto company Ledger was released on Wednesday after being kidnapped from his home in France, the prosecutor’s office in Paris said. David Balland was kidnapped early on Tuesday morning at his home in central France and taken by car to another address where he was held captive, the prosecutors said in a statement on Thursday. The kidnappers demanded a “large ransom in cryptocurrency”, they said, without giving its size or saying whether it had…

UBS is reportedly preparing to pay hundreds of millions of dollars to resolve allegations that Credit Suisse violated a prior agreement with the U.S. Department of Justice regarding U.S.-based customers who evaded taxes, according to the Wall Street Journal. In 2023, the U.S. Senate Finance Committee found that Credit Suisse, now owned by UBS, breached its 2014 plea agreement with U.S. authorities by continuing to assist ultra-wealthy Americans in tax evasion and concealment of more than $700 million from the…

Nikolay Goltsev, a Canadian national, was sentenced to 40 months in prison for orchestrating a multimillion-dollar export scheme that provided advanced U.S. electronic components to sanctioned Russian military companies. Goltsev used two Brooklyn-based companies to source and ship dual-use technology through intermediary front companies in countries like Turkey, Hong Kong, and the UAE, ultimately rerouting the products to Russia. The electronics, including components for precision-guided weapons, were found in Russian weapons systems used in Ukraine. Goltsev demonstrated awareness of U.S….

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. “We wish those injured in the crash a speedy recovery and call for a full investigation.” Kazakhstan’s senate chairman said…

Footnote No. 379 of the carefully researched, wide-ranging document that historian Lee Mordechai has drawn up contains a link to a video clip. The footage shows a large dog gnawing something amid bushes. “Wai, wai, he took the terrorist, the terrorist is gone – gone in both senses,” says the soldier who filmed the dog eating a corpse. After a few seconds the soldier raises the camera and adds, “But what a gorgeous view, a gorgeous sunset. A red sun…

Nearly 500 journalists are on strike at the Guardian and its sister paper, the Sunday-only Observer, to protest the planned sale of the Observer to a small digital startup. “We believe it’s a total betrayal of the Guardian’s values and promises that it’s made,” says Carole Cadwalladr, an investigative reporter and feature writer for the Observer. “The sale of the Observer to a loss-making startup is potentially the death of this historic brand.” The strike, which starts Wednesday, is expected to last for two days this week and restart for a…

One bitcoin will now set you back six figures. The cryptocurrency’s break above the $100,000 milestone has felt inevitable since Donald Trump’s election as the next U.S. president on a crypto-friendly platform. While it is just a number, it highlights how cryptos have carved out a place in modern financial markets. Some commentators joked that perhaps a sales pitch from children and grandchildren around the Thanksgiving table was enough to get it past $100,000 – after investors in recent weeks…

French lawmakers on Dec 4 voted to oust the government of Prime Minister Michel Barnier after just three months in office, a historic move which plunged the country further into political chaos. For the first time in over 60 years, the National Assembly lower house toppled the incumbent government, approving a no-confidence motion that had been proposed by the hard left but which crucially was backed by the far-right headed by Marine Le Pen. Mr Barnier’s rapid ejection from office…

Google Cloud said on Wednesday it had partnered with Air France-KLM to deploy generative artificial intelligence (AI) technology on the airline group’s data. Google Cloud said in a statement that the Franco-Dutch airline group’s 551 operating aircraft, 93 million passengers carried in 2023, and its commercial and cargo flights generated large amounts of data, which would be used by Google Cloud’s AI solution in areas such as analyzing passenger preferences and travel patterns, and predicting maintenance of aircraft. Air France-KLM…

AMSTERDAM – The International Criminal Court’s governing body will launch an external probe into its chief prosecutor Karim Khan over alleged sexual misconduct, it said in a statement on Monday, confirming a previous report by Reuters. “An external investigation is … being pursued in order to ensure a fully independent, impartial and fair process”, the statement said, also calling upon all parties to cooperate fully. Khan said in a statement that he would stay on in his key function of…

ROME (AP) — Tens of thousands of demonstrators took to the streets in seven Italian cities on Saturday calling for an immediate cease-fire in the Middle East, Ukraine and all global conflicts. Peaceful rallies were held in Rome, Turin, Milan, Florence, Bari, Palermo and Cagliari, with the support of hundreds of associations committed to peace, disarmament and human rights. The marches came in response to escalating violence in the Middle East and growing conflicts worldwide and denounced the diminished role…

TAIPEI, Taiwan (AP) — The United States has approved $2 billion in arms sales to Taiwan, including the first-time delivery to the self-ruled island of an advanced surface-to-air missile defense system, in a move sure to anger China. Taiwan’s presidential office on Saturday thanked Washington for greenlighting the potential arms sales. Under the island’s new president, Lai Ching-te, Taiwan has been stepping up defense measures as China increased its military threats against the territory it claims as its own. Beijing…

MILAN – Italian police have placed four people under house arrest as part of a probe into alleged illegal access to state databases by a private intelligence business run by a former policeman, a person with direct knowledge of the matter told Reuters. The person told Reuters that Leonardo Maria Del Vecchio, son of late billionaire Leonardo Del Vecchio, who founded Ray Ban-owner Luxottica, is among those targeted by the probe. Leonardo Maria Del Vecchio, whom Reuters could not immediately…

Global financiers are poised to flock to Saudi Arabia’s annual flagship investment conference next week as a tightening of the kingdom’s purse strings and a deepening of regional conflict cloud the outlook. Among those expected to descend on the Future Investment Initiative (FII) in Riyadh are top CEOs, including Goldman Sachs’ David Solomon, BlackRock’s Larry Fink, Citigroup’s Jane Fraser and the London Stock Exchange’s Julia Hoggett. The high-profile event, first held in 2017, fills an opulent hotel in the capital…

LONDON (AP) — European Union regulators slapped LinkedIn on Thursday with a 310 million euro ($335 million) fine for violations of the bloc’s stringent data privacy rules. Ireland’s Data Protection Commission reprimanded the Microsoft-owned professional social networking site over concerns about the “lawfulness, fairness and transparency” of its personal data processing for advertising purposes. The Dublin-based watchdog is LinkedIn’s lead privacy regulator in the 27-nation EU because that’s where the company’s European headquarters is based. The watchdog said it carried…