Thursday, September 21, 2017

UK weapons companies made £6bn from Saudi since it started bombing Yemen — research

British arms companies have earned more than £6bn from their trade with Saudi Arabia during the ongoing war in Yemen, new research has found. War Child UK claimed the true revenue from dealings with the Gulf state are almost double previous estimates, despite only around...

US Senate passed $700 billion defense policy bill

The U.S. Senate passed its version of a $700 billion defense policy bill on Monday, backing President Donald Trump's desire for a bigger, stronger military but setting the stage for a battle over government spending levels later this year. In an overwhelming 89-to-8 vote, the...

EU plan to raise more taxes for global internet firms faced first signs of scepticism

A European Union plan to raise more tax from digital multinationals faced the first signs of scepticism on Saturday, as smaller members of the bloc warned about the economic impact from such a move.

JPMorgan CEO Jamie Dimon says bitcoin “is a fraud”

JPMorgan Chase & Co. CEO Jamie Dimon on Tuesday called bitcoin a "fraud" and vowed to fire any employees who trade in the crypto-currency. https://twitter.com/BreakingVop/status/907666408582066176 “The currency isn’t going to work,” Dimon said at an investor conference in New York, according to reports. “It’s a fraud” and...

China is reported to be planning to ban bitcoin exchange trading

Beijing is reported to be planning to ban bitcoin and other cryptocurrencies trading on domestic exchanges, according to several media reports. The restriction would come after China prohibited initial coin offerings last week, as by cited RT. “Trading volume would definitely shrink. Old users will...

Venezuela to drop US dollar

The Venezuelan government has decided to sell commodities in currencies other than the US dollar in a bid to escape from Washington-imposed sanctions on the country. President Nicolas Maduro said Venezuela would start selling oil, gas and other products in new currencies, including the Chinese...

US approved multi-billion dollar arms sales to Bahrain

US State Department has approved multi-billion dollar arms sales to Bahrain amid Manama's intensifying crackdown on dissent. According to the Pentagon, the arms packages worth over 3.8 billion dollars include F-16 fighter jets, advanced missiles and patrol boats. The approval followed the US president’s promise in...

Russia to regulate Bitcoin market: finance minister

Russia to regulate Bitcoin market, reported Reuters citing finance minister -- Russia's finance ministry wants to regulate the circulation of crypto-currencies involving Russian citizens and firms, Finance Minister Anton Siluanov said on Friday.

US dollar declined against most major currencies

The U.S. dollar declined against most major currencies on Friday as investors were digesting the latest remarks from a key Federal Reserve official. In late New York trading, the euro rose to 1.2028 dollars from 1.2007 dollars, while the dollar bought 107.80 Japanese yen, lower...

US House panels to hold hearings on Equifax data breach

U.S. House panels to hold hearings on Equifax data breach, told Reuters on Friday. Two committees in the U.S. House of Representatives will hold hearings on the Equifax Inc data breach that may have exposed personal information of many as 143 million U.S. consumers, committee...

Congress approves Trump’s aid and debt deal with Democrats

U.S. Congress approves President Donald Trump's aid and debt deal with Democrats, told Reuters on Friday. U.S. lawmakers approved a bill on Friday extending the government debt limit for three months and providing about $15 billion in hurricane-related aid, delivering on President Donald Trump's surprising...

Netanyahu wife faces possible graft trial, ministry

Netanyahu wife faces possible graft trial, ministry says -- Sara Netanyahu, the Israeli prime minister's wife, is suspected of spending some $100,000 of state funds on her own dining and catering services, according to the justice ministry. Israel's Attorney General Avichai Mandelblit considers prosecuting Sara...

FEMA may run out of funds on Friday, senators

FEMA may run out of funds on Friday, senators -- The U.S. Federal Emergency Management Agency will run out of disaster assistance funding on Friday unless Congress approves more money, two Florida senators warned on Thursday.

China bans North Korean businesses amid sweeping sanctions

On Friday, the Chinese Commerce Ministry banned North Korean individuals and companies from opening or expanding businesses in China, Reuters reports. The move comes after the UN Security Council imposed sanctions on Pyongyang earlier in August. The ban extends to new joint venture enterprises, new wholly-owned...

Trump signs executive order on new Venezuela sanctions

U.S. President Donald Trump signs executive order imposing new sanctions on 'dictatorship in Venezuela,' White House says. The White House said in a statement that it could not "stand by as Venezuela crumbles." https://twitter.com/BreakingVop/status/901106834903359492 "The Maduro dictatorship continues to deprive the Venezuelan people of food and medicine,...

ISIS moving its money into EU, and governments believe will use to launch more attacks

For years, Ammar’s tiny money transfer shop in the Turkish city of Antakya caught no one’s attention but the fellow Syrian refugees who pressed inside to send and receive money from abroad, until this summer, when security officials started visiting every week. “I’ve had to show them my accounting...

EU citizens leaving UK pushes down net migration

Net migration to Britain in the year to March 2017 fell by 81,000 to 246,000 people, with more than half the drop due to an increase in the number of EU citizens leaving Britain and fewer arriving, official data showed on Thursday. Net migration of...

Panama Papers firm shrinks internationally

Panama Papers firm shrinks internationally
Mossack Fonseca, the law firm linked to the Panama Papers scandal, has had to close most of its international offices due to a slump in business, company officials said Wednesday. “We had about 45 offices abroad. Now there are about six left,” Jurgen Mossack, one...

Australia’s largest bank accused of money laundering, terrorism financing breaches

Australia's largest bank accused of money laundering, terrorism financing breaches
Australia's largest bank may face extensive fines after the country's financial intelligence and regulatory agency accused it of breaching anti-money laundering and counter-terrorism financing laws on Thursday. The Australian Transactions Reports & Analysis Centre (AUSTRAC) has launched a civil case with the federal court that...

United Arab Emirates donates 10 mln USD to fight cholera in Yemen

The UAE has donated 10 million U.S. dollars to the World Health Organization to support its efforts in fighting cholera in Yemen, reported state news agency WAM citing a senior official of the United Arab Emirates to have said on Thursday. https://twitter.com/VOPnewsroom/status/890555459882684416 The announcement was made...

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