Scandals Financial News

18.01 / 04:51

markets UPS show prevention Scandals Vietnam tightens limits on investors' stakes in banks

HANOI (Reuters) — Vietnam's legislature on Thursday approved new rules that lower the maximum stake investors can hold in domestic banks, a move aimed at reducing risks of market manipulation, but that could make investment in lenders less attractive.

17.01 / 09:55

COST UPS testing Department rights Scandals The Electric-Vehicle Cheating Scandal

It’s hard to think of a worse environmental scandal in recent years than Volkswagen’s 2015 diesel-emissions cheating. The German automaker was rightly pursued by regulators, enforcement agencies and class-action lawyers. The scandal ended up costing Volkswagen an estimated $33 billion in fines and financial settlements—and revealed that diesel-emissions cheating was endemic.

16.01 / 19:23

Provident Aware Software Patterson Justice country Scandals Provider of faulty computer system apologizes to hundreds affected by UK Post Office scandal

Fujitsu, the company whose faulty computer accounting system resulted in the wrongful conviction of hundreds of Post Office branch managers across the U.K., has apologized to the victims for its role in the country’s biggest ever miscarriage of justice...

16.01 / 09:07

UPS Platform President Bitcoin Scandals International Venezuela kills off petro cryptocurrency

petro cryptocurrency that President Nicolas Maduro launched six years ago to sidestep US sanctions, but which never took off and became embroiled in a graft scandal. All crypto wallets held on the Patria Platform — the only website where the petro was tradeable — will be shut down on Monday, January 15, according to a message displayed on the platform's site. Any remaining petros are being converted to bolivars, the ailing local currency. The cryptocurrency was launched with great pomp and ceremony in February 2018, backed by Venezuela's vast petrol reserves, and priced at US $60 per unit.

15.01 / 13:26

UPS Entertainment wellness band rights Scandals Men who say they were abused by a Japanese boy band producer criticize the company's response

Members of a group of men who say they were sexually abused as boys by a Japanese entertainment mogul are accusing the company behind the scandal of not being sincere in dealing with the victims and say many have not received compensation

12.01 / 10:19

UPS Provident Aware Action Research Scandals FTX Sam Bankman-Fried Avoids Second Trial

Prosecutors in the United States have made the decision not to proceed with a second trial against Sam Bankman-Fried, the co-founder of the cryptocurrency exchange FTX, which has since gone bankrupt. The FTX drama has reached a turning point with this judgment, which comes after the company was found guilty of stealing from clients a month ago. Bankman-Fried was found guilty on all seven counts of fraud and conspiracy on November 2 by a jury. The charges were on the theft of $8 billion from FTX customers. As a result of this conviction, the former billionaire, whose personal wealth had earlier reached a staggering $26 billion, experienced a huge economic setback.

11.01 / 20:51

UPS Injustice community Justice reports Investigations Scandals A British postal scandal ruined hundreds of lives. The government plans to make right

A public inquiry into a British Post Office scandal that led to the wrongful convictions of more than 900 branch managers has resumed

10.01 / 19:03

Action Software community Justice show Investigations Scandals Hundreds of UK postal workers wrongly accused of fraud will have their convictions overturned

Britain’s Prime Minister Rishi Sunak says he will introduce measures to overturn the convictions of more than 900 post office branch managers who were wrongly accused of theft or fraud because of a faulty computer system

09.01 / 23:00

Charity PINK hospital donates Features Investigations Scandals Italian cake maker in influencer charity scandal says it acted in good faith

An Italian company that makes a popular Christmas cake says it acted in “absolute good faith” when it offered a special edition with the logo of an Italian influencer that has landed both under investigation by prosecutors

09.01 / 22:45

Southern Justice show Courts Investigations Scandals Ex-UK Post Office boss gives back a royal honor amid fury over her role in wrongful convictions

The former head of Britain’s state-owned Post Office is handing back a royal honor in response to fury over her role in a miscarriage of justice that saw hundreds of postmasters wrongfully accused of theft

09.01 / 15:54

Software Justice show reports Investigations Scandals What is Britain's Post Office scandal?

Britain's biggest miscarriages of justice, the wrongful conviction of hundreds of Post Office workers due to faulty software, has exploded into the public domain following a TV drama, sparking demands for justice. In a more than 20-year scandal, some postal workers were sent to prison and others lost their livelihoods and homes.

08.01 / 21:52

Election reports testing Schools Investigations Scandals Florida Republicans replace party chairman under rape investigation

(Reuters) — Florida's Republican Party on Monday ousted their chairman as police investigate a rape accusation against him, switching leaders a week before Governor Ron DeSantis faces his first test in his quest for the GOP presidential nomination.

08.01 / 13:55

FIVE Software Justice consequences shock rights Scandals Post Office scandal: Rishi Sunak pledges to 'make it right'

Fujitsu software between 1999 and 2015. Rishi Sunak, the prime minister, indicated that Justice Secretary Alex Chalk might consider stripping the Post Office of its prosecution powers after more than 700 branch managers received unjust criminal convictions. A national outcry over the scandal has intensified, with over 700 branch managers facing legal consequences for apparent financial discrepancies caused by the defective software. The ITV drama, «Mr Bates vs the Post Office,» has further fueled demands for government intervention.

06.01 / 12:46

FIVE awards film President Celebrity Diversity Scandals Golden Globe controversies: 5 headline-making scandals that shook the prestigous awards

Golden Globes awards, a longstanding celebration of excellence in TV and film, has weathered numerous storms over the years. From racial biases to allegations of bribery and sexual assault, the ceremony has faced a barrage of controversies that led to its restructuring and a change in broadcasters. As the 81st edition approaches, let's delve into the five major controversies that have shaped the Golden Globes' tumultuous journey.

04.01 / 05:09

President social reports Courts Scandals Breaking down the Jeffrey Epstein case: 170 names revealed in newly released court docs | What comes next?

Jeffrey Epstein, Wednesday, revealed scandalous that involved the names of former US President Bill Clinton, and Britain's Prince Andrew among others. A federal court in New York made confidential documents related to Epstein public yesterday. The latest disclosure is part of a defamation proceeding between Ghislaine Maxwell (Epstein's former mistress), sentenced in 2022 to 20 years in prison, and a plaintiff against the duo, Virginia Giuffre.

27.11 / 16:11

business Blockchain Scandals Crypto exchange grace period to remain unchanged in Hong Kong despite scandals

A one-year grace period for cryptocurrency exchanges operating in Hong Kong will remain in place despite recent scandals.

31.10 / 13:23

Blockchain Ethereum Provident Digital Progressive Strategy innovations Scandals Crypto’s phoenix moment: Rising stronger amidst scandals and volatility

In the wake of notable collapses, fraud and skepticism — including the notorious FTX fall and subsequent trial of its leader, Sam Bankman-Fried — the cryptocurrency industry found itself under unprecedented scrutiny. Navigating through the aftermath of these crises, the crypto world has undergone substantial reflection and reshaping. Despite the remaining challenges and uncertainties, there emerges a guarded optimism enveloping the sector, symbolizing its resilience and adaptive nature.

06.10 / 09:35

COST UPS Align Browser country information gossips Scandals Counting the cost of corporate scandals – what are they and how to avoid them

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26.09 / 06:33

gossips Scandals A slew of scandals puts Singapore’s government on the back foot

Correction (July 29th): A previous version of this article said that Tan Chuan-Jin had an affair with a fellow MP who was married. In fact, she was not married. Sorry. Why are politics in West Bengal so violent? (Jul 20th) Asia is rowing about Fukushima nuclear wastewater (Jul 13th) Sri Lanka is uncovering mass graves but not the grisly truth of its civil war (Jul 6th) Also: How the Banyan column got its name © 2023, The Economist Newspaper Limited. All rights reserved. From The Economist, published under licence. The original content can be found on www.economist.com

26.09 / 02:27

UPS CEO Airlines Hudson gossips reports travelers Scandals Pilots at Australia's Qantas demand chair quit over scandals

SYDNEY (Reuters) — A union for pilots employed by Australia's Qantas Airways called for the company's chairman to resign following a host of scandals that have drawn fierce criticism from travellers, regulators, lawmakers and its own employees.

20.08 / 12:35

UPS Provident SEC track cover social Scandals College football season arrives as gambling scandals, bet monitoring take on primary role

University athletic departments and college conferences use independent sports-betting monitoring services to make sure athletes and personnel do not bet on sports

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