WORLD


Moneylife Digital Team 28 November 2022
Pramod Mittal (PM), younger brother of global steel magnate Lakshmi N Mittal, suffered a major setback as a UK court overturned his agreement with creditors to pay 0.2% of his total debts of over US$2bn (billion). Pramod Mittal was declared bankrupt in June 2020 over a debt of about US$170mn...

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IANS 28 November 2022
As the FIFA World Cup is currently underway in Qatar, cyber-security researchers on Monday warned that threat actors are selling fake Hayya cards, which is essentially a permit document, to fans who are willing to pay any amount to get one.   To attend the FIFA World Cup, one needs to...

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IANS 22 November 2022
Amazon Alexa is reportedly on a pace to lose $10 billion this year as the voice assistant never managed to create an ongoing revenue stream.   Amazon is currently undergoing its largest-ever round of layoffs, with plans to eliminate 10,000 jobs across the company.   According...

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IANS 19 November 2022
Elizabeth Holmes, the founder of US-based blood-testing company Theranos, has been sentenced to 135 months, or over 11 years, in prison.   She faced sentencing after being found guilty of defrauding investors and endangering patients.   According to media reports, she will...

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Debbie Cenziper (ProPublica); Will Fitzgibbon  and   Delphine Reuter (ICIJ)  and   Eva Herscowitz  and   Emil 18 November 2022
This story was originally published by ProPublica.   After jetting into the capital of Ghana, the international arms broker who called himself “Excellence” greeted his buyers at the Golden Tulip hotel and proposed a secret sale: millions of dollars in missiles and grenades for use...

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IANS 17 November 2022
A combination of weak growth in advanced economies, persistent inflationary pressures, the Russia-Ukraine conflict, tight financial conditions, and a subdued growth outlook for China will create a difficult environment for emerging markets (EM) in 2023, said Moody's Investors...

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IANS 04 November 2022
The Bank of England has warned the UK risked being plunged into the longest recession in 100 years after it pushed up the cost of borrowing to 3% in the biggest single interest rate rise since 1989.   A 0.75 per cent increase, the latest in a series of eight interest rate rises since...

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Moneylife Digital Team 03 November 2022
Nobody would have ever imagined that Hindi music composer Bappi Lahiri’s superhit track 'Jimmy Jimmy Aaja Aaja' from the 1982 movie 'Disco Dancer' starring Mithun Chakraborty would one day be used by the people of China to protest against the government’s 'zero-COVID' policy. Frustrated and...

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Craig Silverman, Ruth Talbot, Jeff Kao  and   Anna Klühspies (ProPublica) 01 November 2022
This story was originally published by ProPublica.   Google is funneling revenue to some of the web’s most prolific purveyors of false information in Europe, Latin America and Africa, a ProPublica investigation has found.   The company has publicly committed to fighting...

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Kathleen McGrory  and   Neil Bed (ProPublica) 21 October 2022
This story was originally published by ProPublica.   Henry Saenz remembers when he first learned what even the tiniest bit of asbestos could do to his body. He was working at a chemical plant where employees used the mineral to make chlorine, and his coworkers warned him about what...

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UK's beleaguered prime minister (PM) Liz Truss, facing opposition from within the party over her handling of the economy and exit of key ministers, resigned on Thursday.   Addressing reporters outside 10 Downing Street, Ms Truss, noting that she came into office at a time of "great...

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The deaths of nearly 100 children in Indonesia have prompted the country to suspend sales of all syrup and liquid medication, the media reported.   It comes just weeks after a cough syrup in The Gambia was linked to the deaths of nearly 70 children, the BBC...

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Renee Dudley  and   Daniel Golden (ProPublica) 20 October 2022
This story was originally published by ProPublica.   Investigating cybercrime was supposed to be the FBI’s third-highest priority, behind terrorism and counterintelligence. Yet, in 2015, FBI Director James Comey realized that his Cyber Division faced a brain drain that was...

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Sebastian Rotella  and   Kirsten Berg (ProPublica) 14 October 2022
This story was originally published by ProPublica.   Tao Liu’s criminal odyssey took him from money laundering in Mexico to a massive scam in China to Trump’s exclusive New Jersey golf club. Investigators believed he may have infiltrated U.S. politics as part of a Chinese intelligence...

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Sebastian Rotella  and   Kirsten Berg (ProPublica) 12 October 2022
This story was originally published by ProPublica.   Xizhi Li pioneered a new method that enriched Latin American drug lords and China’s elite. A Drug Enforcement Administration (DEA) investigation found the Chinese government may have been involved.   In 2017, DEA agents...

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Speculation surrounding the future of the Swiss banking giant, Credit Suisse, has been going on for several months in the markets, in business and political circles, as well as on social networks, The Street reported.   The second Swiss bank and one of the largest banks in the world...

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Before the social media platforms were weaponised by political parties and their leaders, Facebook CEO Mark Zuckerberg was once asked if users' data on his platform was at risk. He unambiguously had said 'No', adding that there was no way the data of his users could be breached or "improperly...

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IANS 28 September 2022
Cloud major Oracle will pay the US Securities and Exchange Commission (SEC) more than US$23mn (million) to settle charges against the company for bribing officials in India, Turkey and the United Arab Emirates (UAE), thus violating provisions of the Foreign Corrupt Practices Act (FCPA) in...

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IANS 26 September 2022
Do Kwon, founder and CEO of Terraform Labs that wiped out investors' money worth $40 billion, is now wanted by Interpol which has issued a red notice for him.   South Korean prosecutors have requested Interpol's assistance to trace the whereabouts of Kwon, the wanted founder of...

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Andrea Bernstein (ProPublica) 15 September 2022
This story was originally published by ProPublica.   People have wondered why the former president collected classified intel, speculating that he is just a packrat. But he has a long history of gathering and wielding sensitive info to help himself.   Ever since the FBI came...

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