finance
All of the defendants in a money laundering trial that followed the publication of the leaked Panama Papers have been acquitted, a court in Panama City said on Friday, eight years after the scandal first broke. The sensational publication of the so-called Panama Papers in 2016 involved some 11.5 million leaked documents. They came from the Panamanian law firm Mossack Fonseca and were evaluated by journalists around the world. They found that numerous politicians, athletes and other celebrities had assets in offshore companies. Mossack Fonseca was accused of having set up 215,000 letterbox comp...
DPA Breaking News
Paris (AFP) - Hausse du prix du gaz, revalorisation des indemnités chômage, DPE et nouvelles obligations pour les voitures neuves: ce qui change en juillet. Des euros (en plus) dans le gaz La facture moyenne de gaz va augmenter de 11,7% pour des millions de Français, soit une hausse annuelle d'environ 124 euros, qui s'explique principalement par la forte revalorisation des coûts d'entretien et de modernisation du réseau gazier. Au rayon transparence Les supermarchés devront à partir du 1er juillet informer les clients plus explicitement si des produits vendus sont concernés par des pratiques d...
AFP (Français)
Whether or not you have TikTok downloaded on your phone, you probably know about the popular social media app. With more than one billion active users worldwide, the video platform has dug into the cultural zeitgeist. You can’t escape the op-ed pieces about how the app is ruining the youth’s attention spans or how TikTok trends trickle down to other social media, like Instagram, YouTube, and even Facebook. People download the app to access endless videos, most of which show viral dances, comedy sketches, or supercuts of people performing their hobbies. But in this vast ocean of superficial con...
Due
Oslo (AFP) - Le principal fonds de pension de Norvège, distinct du fonds souverain, a annoncé mercredi s'être désengagé du groupe américain Caterpillar en raison du risque d'utilisation de son matériel par l'armée israélienne à Gaza. "Depuis longtemps, Caterpillar fournit des bulldozers et d'autres équipements qui ont été utilisés pour démolir des maisons et des infrastructures palestiniennes afin de faire place à des colonies israéliennes", a dit Kiran Aziz, responsable des investissements responsables au sein de KLP, citée dans un communiqué. "Il a également été allégué que l'équipement de l...
AFP (Français)
The former president of the European Investment Bank (EIB) Werner Hoyer is under investigation by the European Public Prosecutor's Office (EPPO), his lawyer confirmed to dpa on Tuesday. The EPPO is investigating corruption, abuse of influence and "misappropriation of EU funds," according to a statement released on Monday. The probe centres around a severance payment for a former employee of the EIB that Hoyer signed off on, according to Hoyer's lawyer, Nikolaos Gazeas. As is usual practice, the director general of Human Resources and the secretary general of the EIB discussed a termination agr...
DPA
The former president of the European Investment Bank (EIB) Werner Hoyer is under investigation by the European Public Prosecutor's Office (EPPO), his lawyer confirmed to dpa on Tuesday. The EPPO is investigating corruption, abuse of influence and "misappropriation of EU funds," according to a statement released on Monday. The probe centres around a severance payment for a former employee of the EIB that Hoyer signed off on, according to Hoyer's lawyer, Nikolaos Gazeas. As is usual practice, the director general of Human Resources and the secretary general of the EIB discussed a termination agr...
DPA International
Two Navy suppliers have agreed to pay a substantial $70 million fine to resolve False Claims Act allegations. The allegations center on Sikorsky Support Services Inc. (SSSI), based in Connecticut, and Derco Aerospace Inc. (Derco), headquartered in Milwaukee, Wisconsin. Two Navy suppliers agree to pay $70m to settle allegationsBoth companies had been accused of overcharging the U.S. Navy for spare parts and materials needed to repair and maintain the primary aircraft used to train naval aviators. The Justice Department alleged that SSSI and Derco, owned by the same parent entity, entered into a...
Due
The former president of the European Investment Bank (EIB) Werner Hoyer is under investigation by the European Public Prosecutor's Office (EPPO), his lawyer confirmed to dpa on Tuesday. The EPPO is investigating corruption, abuse of influence and "misappropriation of EU funds," according to a statement released on Monday. The probe centres around a severance payment for a former employee of the EIB that Hoyer signed off on, according to Hoyer's lawyer, Nikolaos Gazeas. As is usual practice, the director general of Human Resources and the secretary general of the EIB discussed a termination agr...
DPA Breaking News
Acrimonious negotiations within Germany's coalition government over the 2025 budget are expected to drag on past an initial July 3 deadline to put forward a draft. There remain deep disagreements over how to address major budget gaps, with several ministers rejecting deep cuts put forward by Finance Minister Christian Lindner of the pro-business liberal Free Democrats (FDP). The shortfalls run into the tens of billions of dollars. Lindner has so far firmly rejected any effort to waive strict rules against government borrowing an deficit spending, despite appeals from some members of Chancellor...
DPA
Acrimonious negotiations within Germany's coalition government over the 2025 budget are expected to drag on past an initial July 3 deadline to put forward a draft. There remain deep disagreements over how to address major budget gaps, with several ministers rejecting deep cuts put forward by Finance Minister Christian Lindner of the pro-business liberal Free Democrats (FDP). The shortfalls run into the tens of billions of dollars. Lindner has so far firmly rejected any effort to waive strict rules against government borrowing an deficit spending, despite appeals from some members of Chancellor...
DPA International
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