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MUNICH, Germany (AFP) — German prosecutors said Wednesday they have arrested the former chief executive and two board members of Wirecard for “commercial fraud”, saying investigations show that trickery was already happening in 2015. The widening probe suggests that banks in Germany and Japan as well as other investors were conned into providing funds of up to 3.2 billion euros ($3.7 billion) to Wirecard, said prosecutors, adding that the sums are now “very likely lost […]
by Michelle GUMEDE Agence France-Presse Johannesburg, South Africa (AFP) — South African President Cyril Ramaphosa on Tuesday announced a $26 billion relief package to support the economy and the vulnerable during the coronavirus pandemic. In a special address to the nation, Ramaphosa announced “a massive social and economic support package of 500 billion rand ($26.3 billion), which amounts to about 10 percent of our GDP.” “The impact of the coronavirus requires an extraordinary coronavirus budget…the scale […]
WASHINGTON DC (Eagle News) — EBC Las Vegas Bureau Correspondent, Lanie Valdecantos, reports on the status of Nevada state residents. Plus Nevada Gov. Steve Sisolak declares a state of emergency, in regards to the state’s financial situation.
(Eagle News) – The Philippines ranked 95 in the Ease of Doing Business latest report of the World Bank, jumping 29 notches from the previous ranking of 124th out of 190 economies. In the Doing Business 2020 Report, the Philippines was among the 190 economies included by the World Bank in its study. The Philippines got an Ease of Doing Business (EODB) score of 62.8 in the 2020 report, an improvement over its grade […]
(Eagle News) — Interior Secretary Eduardo Año on Thursday, Feb. 20, said over 300 politicians were financing the New People’s Army. Año said the 349 politicians in the Department of the Interior and Local Government’s list, whom he did not name, gave their support either by paying the amount being extorted from them, or by paying what the rebels call permit-to-campaign fees. The interior secretary said of the 349,11 were governors and five were vice governors. He […]
by Barnaby Chesterman Agence France Presse BUENOS AIRES, Argentina (AFP) — Group of 20 members pleaded on Sunday for increased dialogue to defuse escalating trade tensions that could hit global economic growth hard. Finance ministers and central bankers from 20 leading economies closed a two-day meeting in Buenos Aires warning that “heightened trade and geopolitical tensions” threaten the economic expansion. It comes at a time when US President Donald Trump’s protectionist policies have provoked […]
WASHINGTON, United States (AFP)–Facebook said Tuesday it was easing a ban on ads for cryptocurrencies while keeping a prohibition on initial coin offerings to raise assets. The move comes five months after the leading social network said it was banning all ads related to cryptocurrencies like bitcoin as a way to curb scams. To place ads on Facebook for cryptocurrencies, companies will need to be pre-approved and offer proof they have licenses or are […]
NEW YORK, United States (AFP) — US private equity giant Blackstone has agreed to pay $17 billion for a majority stake in the financial services unit of Thomson Reuters, according to a joint statement issued Tuesday. The deal would give Blackstone a controlling stake in the unit that delivers financial research and other tools to market professionals through dedicated terminals and subscription services. Blackstone would get a 55 percent stake in the Finance & Risk […]
SYDNEY, Australia (AFP) — Australia’s biggest bank, the Commonwealth, has admitted more than 50,000 breaches of anti-money laundering laws, but said it will defend a host of others claims brought against it. The lender, the country’s largest company by market capitalization, was hit with a civil case by Australia’s financial intelligence agency AUSTRAC in August. AUSTRAC alleged the bank engaged in “serious and systemic non-compliance” of anti-money laundering laws involving thousands of transactions. It prompted […]
OTTAWA, Canada (AFP) — Opposition Leader Andrew Scheer on Wednesday called for the resignation of Canadian Finance Minister Bill Morneau over perceived ethics breaches and allegations he profited from his own tax policies. “In my capacity as leader of the opposition, I am officially calling on Bill Morneau to resign as finance minister,” Scheer said. “It is clear that under a cloud of investigation and serious questions about his dealings going unanswered, he should not continue in […]
BARI, Italy (AFP) – International Monetary Fund chief Christine Lagarde on Friday urged eurozone lenders to be “far more specific” in their commitment to a debt-relief package for Greece. The IMF has made a package easing Greece’s repayment burden a condition of its participation in a 86-billion-euro ($94-billion) bailout. But several eurozone governments are dragging their heels, insisting on more evidence of debt-plagued Greece delivering on reforms as a condition of green-lighting the third rescue […]
QUEZON CITY, Philippines (Eagle News) — Bitbit ang kani-kaniyang pamaypay at payong na bukod tanging pananggalang sa maalinsangan na panahon, hindi inalintana ng mga kapatid sa Iglesia Ni Cristo, kasama ang kanilang mga panauhin na inimbitahan ang matinding sikat ng araw habang binaybaybay ang daan papasok sa Philippine Arena. Maaga pa lamang ay nagtungo na ang mga kapatid sa nasabing lugar upang paghandaan ang isinagawang Pamamahayag ng mga Salita ng Diyos sa pangunguna ng mga […]
