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China ‘purges’ 9 PLA generals, clampdown seen widening Upheaval weakens PLA, including in strategic rocket force More time needed to clean up corruption – analyst Problems may dissuade PLA from risking major clashes in near term BEIJING, Dec 30 (Reuters) – A sweeping purge of Chinese generals has weakened the People’s Liberation Army, exposing deep-rooted … Read more
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WASHINGTON, Nov 29 (Reuters) – The U.S. House of Representatives is expected to vote on Friday on whether to expel scandal-plagued Republican George Santos, who faces criminal corruption charges and new accusations that he misspent campaign money, according to Republican aides. Several lawmakers have introduced motions targeting the first-term lawmaker after a report by his … Read more
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The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights WASHINGTON, Nov 29 (Reuters) – Conservative U.S. Supreme Court justices on Wednesday signaled skepticism toward the legality of certain proceedings that the Securities and Exchange Commission conducts … Read more
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[1/2]Tether logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights LONDON, Nov 20 (Reuters) – Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in Southeast Asia. The U.S. Secret … Read more
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Prosecutors investigating lithium, hydrogen deals PM Costa subject of related investigation Says his conscience is clear, to cooperate with probe President to address nation on Thursday LISBON, Nov 7 (Reuters) – Portuguese Prime Minister Antonio Costa resigned on Tuesday, hours after prosecutors detained his chief of staff in an investigation into alleged corruption in his … Read more
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LISBON, Nov 7 (Reuters) – Portugal’s Prime Minister Antonio Costa resigned on Tuesday amid an investigation into alleged irregularities committed by his majority Socialist administration in handling lithium mining and hydrogen projects in the country. Costa announced the decision in a televised statement after meeting President Marcelo Rebelo de Sousa. He said he conscience was … Read more
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NEW YORK, Nov 2 (Reuters) – FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace. A 12-member jury in Manhattan federal court convicted Bankman-Fried on all … Read more
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Nov 1 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank (FRCB.PK), raising the prospect of stiff penalties for the failed bank’s former bosses. “We can confirm a D&O probe into First Republic is taking place,” a spokesperson told Reuters on Wednesday, referring … Read more
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[1/2]U.S. Rep. George Santos (R-NY) stands alone at the back of the House chamber during a second round of voting that once again failed to elect a new Speaker of the House at the U.S. Capitol in Washington, U.S., October 18, 2023. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing Rights WASHINGTON, Oct 26 (Reuters) – A New … Read more
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The logo of Korean Airlines is seen on a B787-9 plane at its aviation shed in Incheon, South Korea, February 27, 2017. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing Rights BRUSSELS, Oct 17 (Reuters) – South Korea’s biggest carrier, Korean Air Lines (003490.KS), will offer to sell Asiana Airlines’ (020560.KS) air cargo business and divest routes to … Read more