Malaysia reverses plan to take legal action against Meta over harmful content
(Corrects spelling of 'conservative' in paragraph 8) By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia may not go through with a
2023-07-29 09:52
'X' logo installed atop Twitter building, spurring San Francisco to investigate permit violation
San Francisco has opened a complaint and launched an investigation of a giant “X” sign that cropped up Friday on top of the downtown headquarters of the social media platform formerly known as Twitter
2023-07-29 08:27
IMF to Loan Argentina as Much as $10.8 Billion This Year
The International Monetary Fund will give Argentina as much as $10.8 billion in loans for the rest of
2023-07-29 08:24
US to Give Taiwan $345 Million in Arms Aid Over China’s Protest
The US will supply Taiwan with $345 million in defense equipment, services and training, using the fast-track authority
2023-07-29 07:24
Virtu Is Bracing for SEC Lawsuit After Settlement Talks Fail
Virtu Financial Inc. expects to be sued by the Securities and Exchange Commission after talks failed to settle
2023-07-29 06:27
China’s Central Bank Chief is Task Master Xi Couldn’t Let Retire
By his early twenties, Pan Gongsheng’s ambition had already propelled him from a farming village in eastern China
2023-07-29 06:26
Hopes of 'Goldilocks' economy, rate peak buoy US stocks
By David Randall NEW YORK A resilient U.S. economy and expectations of a nearing peak in the Federal
2023-07-29 06:15
Judge blasts prosecutors' handling of Venezuela case against ex-Miami congressman
A federal judge in Miami blasted prosecutors for an attempt to undercut a court order and try to take control of an oceanside condo belonging to a former Republican Congressman ahead of a high-profile trial connected to a $50 million consulting contract with Venezuela’s government
2023-07-29 05:58
Prosecutors urge judge to jail Sam Bankman-Fried, saying there are no conditions to stop him from witness tampering
Federal prosecutors urged a judge to revoke Sam Bankman-Fried's bail to stop him from tampering with witnesses before his criminal fraud trial, saying there are likely no conditions that the cryptocurrency entrepreneur will abide by to satisfy their concerns.
2023-07-29 05:49
Sam Bankman-Fried must be jailed, is intimidating witnesses, prosecutors say
By Luc Cohen NEW YORK Sam Bankman-Fried must be jailed pending his October fraud trial over the collapse
2023-07-29 05:45
Judge refuses to dismiss lawsuit against Disney’s efforts to neutralize governing district takeover
A judge in Florida has refused to dismiss a lawsuit brought by Gov. Ron DeSantis appointees against Disney’s efforts to neutralize a takeover of Disney World’s governing district by the Florida governor
2023-07-29 05:23
Chelsea reveal Uefa resolution after ‘incomplete financial reporting’ under the Roman Abramovich regime
Chelsea have agreed a resolution with UEFA that will see them hand over 10million euros (£8.57million) after owning up to “incomplete financial reporting” under the Roman Abramovich regime. A new ownership group led by Todd Boehly and Clearlake Capital completed their takeover of the club in May last year from Abramovich, who was sanctioned over his links to Russia president Vladimir Putin. UEFA, which has also banned Juventus from competing in the Europa Conference League this season due to financial irregularities, confirmed it was approached “proactively” by the Boehly-led consortium. They detected instances of partial financial information being submitted in historical transactions occurring between 2012 and 2019, breaching UEFA Club Licensing and Financial Fair Play regulations. A UEFA statement said: “Following its assessment, including the applicable statute of limitations, the CFCB (Club Financial Control Body) First Chamber entered into a settlement agreement with the club which has agreed to pay a financial contribution of 10million euros to fully resolve the reported matters.” The sanction represents another blow for Chelsea’s current owners after a disappointing first year at the helm, with the club’s 12th-place finish in the Premier League last term their worst since 1993-94. Chelsea have forked out around £600million in transfers since Boehly’s arrival, while former Tottenham boss Mauricio Pochettino has been tasked with turning around their on-pitch fortunes. Chelsea said in a statement the owners became aware of potential impropriety when carrying out a “thorough due diligence process” prior to the purchase and, upon completion of the takeover, they reported this to UEFA. The statement added: “In accordance with the club’s ownership group’s core principles of full compliance and transparency with its regulators, we are grateful that this case has been concluded by proactive disclosure of information to UEFA and a settlement that fully resolves the reported matters. “We wish to place on record our gratitude to UEFA for its consideration of this matter. Chelsea greatly values its relationship with UEFA and looks forward to building on that relationship in the years to come.” Juventus have also been reprimanded after a separate UEFA investigation and as well as throwing the Italian giants out of European football, they have been fined 20million euros (£17.14m). However, half of that fine has been suspended and Juventus will only have to pay if their financial records for the next three years do not comply with the accounting requirements. Juventus – who were docked 10 points last season over their past transfer dealings, effectively ending their hopes of Champions League qualification – were found to have violated the framework of a settlement agreement with UEFA in August last year. Juventus president Gianluca Ferrero said in a statement on the club’s website: “We regret the decision of the UEFA Club Financial Control Body. “We do not share the interpretation that has been given of our defence and we remain firmly convinced of the legitimacy of our actions and the validity of our arguments. “However, we have decided not to appeal this judgement. Despite this painful decision, we can now face the new season by focusing on the field and not on the courts.”
2023-07-29 05:21