30th November 2018
AP — A New York City councilman is proposing legislation that would ban cash-free businesses. Democratic City Councilman Ritchie Torres, who represents parts of the Bronx, formally introduced the legislation Wednesday, which would force eateries and other retailers to accept cash alongside credit and electronic payments. Read More
21st November 2018
Tanzania’s central bank conducted a surprise inspection of foreign exchange bureaus in a crackdown on black market currency trading and money laundering, it said on Tuesday. Soldiers and other security forces took part in Monday’s operation in the northern town of Arusha, a tourism and gemstone trading hub, so different… Read More
20th November 2018
AP – Nissan Chairman Carlos Ghosn, who became one of the auto industry’s most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly underreporting his income and misusing company funds, the automaker said. The scandal reverberated… Read More
9th November 2018
Tesla Inc (TSLA.O) has named director Robyn Denholm as board chair, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker’s wayward chief executive who has dragged the company through months of turbulence. The appointment was required as part… Read More
8th November 2018
AP — The Chinese government granted 18 trademarks to companies linked to President Donald Trump and his daughter Ivanka Trump over the last two months, Chinese public records show, raising concerns about conflicts of interest in the White House. In October, China’s Trademark Office granted provisional approval for 16… Read More
8th November 2018
AP — German prosecutors say they have searched the Munich offices of investment firm BlackRock, which said it was cooperating in a probe of a tax scheme known as “cum-ex” transactions that has drawn the attention of law enforcers. Prosecutors in Cologne said Wednesday they… Read More
8th November 2018
AP — British authorities on Wednesday extradited Ivica Todoric, the founder of a deeply indebted food and retail company, to Croatia in a case that has shaken the Balkans. A year after Todoric was detained in London on embezzlement charges, the 67-year-old landed in Zagreb on… Read More
2nd November 2018
AP — The Trump administration on Friday announced the reimposition of all U.S. sanctions on Iran that had been lifted under the 2015 nuclear deal. The sanctions will take effect Monday and cover Iran’s shipping, financial and energy sectors. It’s the second batch of penalties that the administration has reimposed… Read More
31st October 2018
AP — A German court has ordered the release of former Audi CEO Rupert Stadler, more than four months after he was arrested in an investigation into the manipulation of diesel emissions controls. The Munich state court said Tuesday it lifted an arrest warrant against Stadler,… Read More
29th October 2018
Three former London-based currency traders were found not guilty on Friday of U.S. charges that they schemed to rig benchmark exchange rates, the latest verdict to emerge from a U.S. probe into the multitrillion-dollar foreign exchange market. Chris Ashton, Rohan Ramchandani and Richard Usher, who worked at Barclays Plc (BARC.L),… Read More