Latest News

US sanctions network smuggling American tech to Iran's central bank
US sanctions network smuggling American tech to Iran's central bank
Economy
by  AFP

The US Treasury Department unveiled sanctions against a network of companies and individuals Friday for facilitating illegal technology transfers from dozens of US firms to Iranian entities, including the country's central bank. The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in a statement.

Prosecutors urge 40-50 years for crypto fraudster Bankman-Fried
Prosecutors urge 40-50 years for crypto fraudster Bankman-Fried
Technology
by  AFP

US prosecutors have requested that a court sentence disgraced crypto mogul Sam Bankman-Fried to between 40 and 50 years imprisonment for massive fraud that cost customers $8 billion, court documents showed Friday. "A sentence of 40 to 50 years' imprisonment... is necessary to reflect the seriousness of the defendant's crimes," the prosecution's sentencing memorandum said.

EU chief outlines more concessions for bloc's farmers
EU chief outlines more concessions for bloc's farmers
Economy
by  AFP

European Commission chief Ursula von der Leyen on Friday laid out a further series of concessions to EU farmers, especially for those on smaller properties, in a bid to calm rolling protests in the sector. Von der Leyen told Tusk the proposed changes would "apply certain standards in a way that is more compatible with the everyday realities that farmers face on the ground".