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Miners from a rival union are holding hundreds of colleagues underground in South Africa, police say
Miners from a rival union are holding hundreds of colleagues underground in South Africa, police say
Police in South Africa say a group of gold miners from an unregistered, rival union are holding hundreds of colleagues underground for the second day over a union dispute
2023-10-25 09:54
US retailers' financial losses jump as retail crime escalates - NRF
US retailers' financial losses jump as retail crime escalates - NRF
Organized crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more
2023-09-27 01:15
Australian grocer Woolworths' Q1 sales jumps on robust demand in food businesses
Australian grocer Woolworths' Q1 sales jumps on robust demand in food businesses
Australia's Woolworths Group reported a 5.3% jump in first-quarter group sales on Wednesday, supported by resilient demand for
2023-10-25 06:24
Aussie Seen Rebounding from 2023 Trough on China Stimulus Hopes
Aussie Seen Rebounding from 2023 Trough on China Stimulus Hopes
Investors betting Australia’s dollar will continue to weaken may want to reconsider. Analysts see the currency rebounding on
2023-09-11 05:48
Elizabeth Holmes prison: Everything we know about disgraced Theranos founder going to jail
Elizabeth Holmes prison: Everything we know about disgraced Theranos founder going to jail
Disgraced Theranos founder Elizabeth Holmes is about to begin her 11-year prison sentence after being found guilty of defrauding investors, including media mogul Rupert Murdoch, over fake claims about the company’s blood-testing capabilities. As well as being handed jail time over her role in misleading investors, Holmes was also ordered to pay $452m in restitution. Follow the latest updates live “This is a fraud case where an exciting venture went forward with great expectations and hope, only to be dashed by untruth, misrepresentations, hubris, and plain lies,” Judge Davila, presiding over the case, said before handing down the prison sentence to Holmes. “I suppose we step back and we look at this, and we think, what is the pathology of fraud? Is it the inability or the refusal to accept responsibility or express contrition in any way? Now, perhaps that is the cautionary tale that will go forward from this case.” Ahead of being sentenced, Holmes, who has long maintained she did not intend to defraud anyone, told the court: “I am devastated by my failings. “Every day for the past years I have felt deep pain for what people went through because I failed them. I regret my failings with every cell of my body.” Where will Holmes serve her sentence Holmes, who requested 18 months of house arrest as a punishment, will begin her sentence at Federal Prison Camp Bryan in Texas – an all-female facility 100 miles from Holmes’ hometown. The minimum security prison houses around 500 inmates, and runs a variety of programmes intended to prepare prisoners for life after incarceration, according to Camp Bryan’s handbook. Holmes’ day will begin at 6am, when inmates are woken up for meals and work; people failing to comply with the strict wakeup rules are subject to punishments. Inmates are then counted at five different times during the day, when they must assemble in specific areas (once again, punishments are doled out to those who are not present at these times). The prison features a study, game room, and work programmes that see all inmates take part in a six-week course on the importance of efficiency in the workplace before they are placed into a role – with some prisoners earning as little as $0.12 in some assignments. According to the handbook, “All designated inmates are required to develop a financial plan to meet their financial obligations”, which for Holmes will mean reparations of $452m. How will Holmes keep in touch with her family? Holmes is married to Billy Evans, and the pair have two children, William, 2, and newborn Invicta. She lives around 100 miles from her family, who will be permitted to visit at weekends. Inmates at Camp Bryan are also permitted to take part in video sessions with their friends and family, according to the handbook, as well as to send and receive text messages. Prior to beginning her sentence at Camp Bryan, Holmes spent the weekend with her husband and children at the beach.
2023-05-30 22:28
China to make plans to stabilise growth of 10 sectors, including auto, steel
China to make plans to stabilise growth of 10 sectors, including auto, steel
BEIJING China will formulate plans to stabilise growth in 10 sectors, including auto and steel, Zhao Zhiguo, spokesperson
2023-07-19 10:45
Mainland Investors Snap Up Most Hong Kong Shares in Two Years
Mainland Investors Snap Up Most Hong Kong Shares in Two Years
Mainland investors bought the most Hong Kong shares in over two years through trading links with the city
2023-06-06 09:29
China’s Offshore Green Bond Market Evaporates on Default Worries
China’s Offshore Green Bond Market Evaporates on Default Worries
After tapping foreign investors for roughly $55 billion in the past five years to fund environmental projects in
2023-06-14 11:55
Adidas CEO doubts that Kanye West really meant the antisemitic remarks that led Adidas to drop him
Adidas CEO doubts that Kanye West really meant the antisemitic remarks that led Adidas to drop him
Adidas CEO Bjørn Gulden said he doubts that Ye, the artist formerly known as Kanye West, “meant what he said” when he made a series of antisemitic and offensive remarks last year
2023-09-21 07:19
Cryptoverse: Bitcoin miners make money ahead of 'halving'
Cryptoverse: Bitcoin miners make money ahead of 'halving'
By Medha Singh and Lisa Pauline Mattackal Bitcoin miners are making hay while the sun shines. The business
2023-11-14 14:21
Fourth of July gas prices take almost unprecedented plunge
Fourth of July gas prices take almost unprecedented plunge
The roads will be crowded this Fourth of July weekend, but travelers have at least one thing going for them: much cheaper gas prices than last year.
2023-06-30 18:56
England’s Health Crisis to Deepen Amid Latest Doctors’ Strike
England’s Health Crisis to Deepen Amid Latest Doctors’ Strike
England’s hospitals face major disruption this week when junior doctors begin a three-day walkout in the latest row
2023-06-13 07:16