AFP
13875 articles published since 08 Mar 2022
Author's articles
US unveils fraud case against CEO of startup bought by JPMorgan Chase
US officials unveiled criminal charges Tuesday against the head of a startup who allegedly defrauded JPMorgan Chase in the course of a $175 million sale to the banking giant. "As alleged, Javice engaged in a brazen scheme to defraud JPMorgan in the course of a $175 million acquisition deal," said US Attorney Damian Williams.
Stocks mixed on hopes of rate pause despite oil surge
European stocks closed mixed on Tuesday, with earlier gains pared after opening weakness on Wall Street as investors weighed the potential impact of rising oil prices and slowing economic activity on interest rate policies.
Lagging behind, Italy's plans for EU funds at risk
When Mario Draghi left Italy's government last year, Brussels fretted over the fate of the EU recovery funds he negotiated for his country. But there are other long-running issues that have hampered the efficient spending of EU funds, including a lack of public officials to administer the funds and Italy's legendary bureaucratic red tape.
Raw sewage blights once-idyllic beaches on Isle of Wight
On the Isle of Wight, one of England's most popular seaside holiday destinations since Victorian times, a pipeline stretches out from the shore to pump raw sewage into coastal waters. The Isle of Wight, a mecca for yachtspeople off England's southern coast, has three entries.
Latest banking crisis will be felt for years: JPMorgan Chase CEO
While the current banking crisis isn't like 2008, it "is not yet over" and will be felt for years to come, JPMorgan Chase Chief Executive Jamie Dimon said Tuesday. "And while this is nothing like 2008, it is not clear when this current crisis will end."
Israeli mining magnate loses appeal in Swiss corruption case
French-Israeli mining tycoon Beny Steinmetz largely lost on Tuesday his appeal in Switzerland against a 2021 corruption verdict linked to mining rights in Guinea. "All three, in complementary roles, are guilty of corrupting foreign public agents by influencing the mining rights attribution process in the Simandou region," the appeals court said in a statement.
Iraq, Kurdish region sign accord to resume oil exports
Iraq's federal government and the Kurdistan autonomous region signed an accord Tuesday to allow Kurdish oil exports to resume through Turkey after they were halted 10 days earlier.
Credit Suisse chiefs say sorry to shocked shareholders
Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke. UBS -- which faces its own annual general meeting in Basel on Wednesday -- is the biggest bank in Switzerland, with Credit Suisse in second place.
UK govt sets out new water plan to tackle pollution
Britain on Tuesday announced a plan to protect water supplies, amid a long-running scandal over privatised water firms pumping raw sewage into rivers and onto seashores. The plan comes amid a continuing sewage scandal, which closed several UK beaches at the height of the heatwave last summer.
AFP
Load more