finance
A Miami federal jury has found the former Comptroller General of Ecuador guilty of a million-dollar money laundering and bribery scheme. Carlos Ramon Polit Faggioni, 73, was involved in a series of illegal activities between 2010 and 2015, a period when he was entrusted with safeguarding his country’s public funds. Former comptroller found guiltyIn his high-profile capacity as the Comptroller of Ecuador, he was supposed to be the shield the country depended on to root out industrial espionage. Instead, he benefited from ill-gotten gains from private firms and backhanded bribes, especially from...
Due
Paris (AFP) - Le secteur des Ehpad a salué mercredi l'annonce du gouvernement de leur affecter 650 millions d'euros, en réponse à leurs difficultés financières, mais appelle les pouvoirs publics, notamment les départements, à faire plus. La ministre déléguée aux Personnes âgées, Fadila Khattabi, a annoncé mardi une augmentation de 5% du financement de l'Etat en 2024 pour les Ehpad publics et associatifs, et de 3% pour le secteur privé commercial. Soit un coup de pouce total de 650 millions --des lignes déjà comprises dans le budget 2024, a précisé le ministère à l'AFP. Dans un communiqué mercr...
AFP (Français)
President Biden has released a resounding supporting document for the recently passed $95bn National Security Package. The bill, a crucial step in bolstering national security, was successfully approved by the Senate and cleared to proceed to the next stage of the law-making process. Senate and POTUS approve landmark billPresident Biden would release a statement on the White House official site saying “a bipartisan majority in the Senate joined the House to answer history’s call at this critical inflection point. Congress has passed my legislation to strengthen our national security and send a...
Due
President Joe Biden marked Earth Day by announcing $7 billion (€6.6 billion) in federal grants for residential solar projects serving 900,000-plus households in low- and middle-income communities. He also criticised Republicans who want to gut his policies to address climate change. Seeking re-election in November, Biden said, "Despite the overwhelming devastation in red and blue states, there are still those who deny the climate is in crisis." He took specific aim at supporters of former President Donald Trump's "Make America Great Again" movement. "My MAGA Republican friends don't seem to th...
Euronews (English)
Paris (AFP) - L'encours des Livrets A et des Livrets de développement durable et solidaire (LDDS) a progressé au mois de mars, mais moins vite qu'en début d'année, selon les chiffres publiés mardi par la Caisse des dépôts (CDC). Dans le détail, les dépôts sur les Livrets A ont dépassé les retraits de 1,53 milliard d'euros le mois dernier, et de 910 millions d'euros pour les LDDS. La somme de ces deux montants dits de "collecte nette", 2,44 milliards d'euros, est deux fois inférieure au mois de mars 2023 (5,99 milliards d'euros), mais constitue un retour aux moyennes pré-Covid pour un mois de m...
AFP (Français)
Music giant Spotify has unveiled its first quarter results for 2024. Spotify, the global streaming platform, has marked a significant milestone in the first part of the new financial year, with a record-breaking 239 million paying premium subscribers. Spotify records positive financial hitsDaniel Ek, the enigmatic Chief Operating Officer said “We’ve talked about 2024 as the year of monetization and we’re delivering on that ambition.“ Total revenue for the Swedish company was up by 20% compared to the previous financial year. Overall income was up by €168 million ($179 million). Ek continued on...
Due
The volume of Russian assets frozen in Switzerland due to sanctions following the onset of the war in Ukraine has shrunk, the State Secretariat for Economic Affairs (SECO) reported on Tuesday. This is mainly due to the loss in value of investments, for example due to share price declines and exchange rate fluctuations, it said. The volume fell from 7.5 billion Swiss francs ($8.2 billion) to 5.8 billion Swiss francs within a year by the end of 2023. Investigations into funds worth 140 million francs revealed that the legal requirements for a freeze were not met in those cases. Over the course o...
DPA Breaking News
Paris (AFP) - "Modèle économique difficilement soutenable", "lieu de réserves dont le coût a fortement dérapé": la Cour des comptes épingle le Centre Pompidou dans un rapport rendu public mardi. L'institution estime ainsi que la fermeture pour travaux de 2025 à 2030 du Centre national d'art Georges Pompidou, l'un des plus importants musées d'art moderne et contemporain au monde, "constitue une opportunité" pour "rattraper son retard" dans plusieurs domaines, comme le développement de sa fréquentation ou la gestion de ses ressources humaines. Le "modèle économique du Centre Pompidou apparaît di...
AFP (Français)
The European Commission today (April 22) launched a European Energy Efficiency Financing Coalition to mull ways to finance the implementation of EU legislation designed to reduce energy consumption by linking member states with financial institutions. The coalition aims to assist financing related to legislation like the Energy Efficiency Directive (EED) adopted in July last year, and the European Buildings Performance Directive (EPBD), adopted in April. Ever since the onset of the European Green Deal, energy efficiency has been a fundamental pillar of the green transition, hailed as a key ena...
Euronews (English)
On Friday (April 19) at approximately 8:10 p.m. EDT, the much-anticipated Bitcoin halving occurred. The event happened when ViaBTC mined block number 840,000, reducing the reward rate from 6.25 Bitcoins to 3.125. Bitcoin remained stable over the weekend, staying within the US$63,000 to US$65,000 range. As of Monday (April 22) at 10:45 a.m. EDT, it was at US$66,243, up 2.2 percent in the past 24 hours and 2.7 percent compared to a month ago. While Bitcoin's price stayed relatively stable, the cryptocurrency's trading volume experienced significant fluctuations through the weekend, with a 45 per...
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