finance
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
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 Breaking News
The following is the June 19, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. The Group of Seven (G7) leaders confirmed on June 13 a plan to provide Ukraine with a $50 billion loan by the end of the year, to be repaid using interest from approximately $300 billion of Russian Central Bank assets frozen after the invasion in 2022. How will it work? Well, the details of the agreement — including who will fund the loan and how the money will be spent — are still being finalized with li...
Kyiv Independent (CA)
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