Category Archives: Business
Jury begins deliberations at US trial sparked by 1MBD fraud
NEW YORK (AP) — A jury began deliberating Tuesday at a U.S. trial stemming from an audacious scheme involving former Goldman Sachs bankers to ransack a Malaysian state investment fund known as 1MBD.
Govt watchdog faults Postal Service analysis of new trucks
WASHINGTON (AP) — The U.S. Postal Service relied on false assumptions as it evaluated purchases of a new generation of delivery vehicles, a government watchdog said Tuesday.
Germany shuts down darknet platform specializing in drugs
BERLIN (AP) — German investigators on Tuesday shut down a Russian-language darknet marketplace that they say specialized in drug dealing, seizing bitcoin worth 23 million euros ($25.3 million).
White House to extend student loan pause through August
WASHINGTON (AP) — The Biden administration plans to freeze federal student loan payments through Aug. 31, extending a moratorium that has allowed millions of Americans to postpone payments during the coronavirus pandemic, according to an administration...
EPA rule would finally ban asbestos, carcinogen still in use
WASHINGTON (AP) — The Environmental Protection Agency on Tuesday proposed a rule to finally ban asbestos, a carcinogen that is still used in some chlorine bleach, brake pads and other products and kills thousands of Americans every year.
As Ukraine war squeezes energy, UK looks again at fracking
LONDON (AP) — The British government on Tuesday ordered scientists to take a new look at the risks of fracking, as soaring fuel prices and squeezed supplies prompt a rethink about the country’s energy supply.
EU starts process to cut funding to Hungary over rule of law
BRUSSELS (AP) — The European Commission will launch proceedings to suspend support payments to Hungary for breaching the 27-nation bloc’s rule-of-law standards, Commission President Ursula von der Leyen said Tuesday.
A list of Canadian companies cutting ties with Russia over invasion of Ukraine
A number of Canadian companies have suspended or moved to withdrawal from Russia following its unprovoked invasion of Ukraine. Here is a partial list of those firms: Alberta Investment Management Corp. — Alberta investment manager says it will divest a...
Treasury bars Russia payments in dollars from US accounts
WASHINGTON (AP) — The Treasury Department is moving to keep the Russian government from making debt payments at U.S. banks with U.S. dollars, restricting one of the strategies President Vladimir Putin is using to stave off default, an agency official
UK plans rules for some cryptocurrencies amid global effort
LONDON (AP) — Britain has unveiled plans to regulate some cryptocurrencies as part of a broader plan to become a global hub for digital payments, coming as authorities in the U.S. and Europe are racing to draw up rules for
