NEW YORK Goldman Sachs Group Inc (GS.N) has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market. The proposed settlement was disclosed in papers filed in federal court in Manhattan on Friday. It came after seven other banks agreed in May to pay a combined $324 […]
On April 6, 2009, an earthquake of a magnitude of 6.3 on the Richter scale hit the Italian city of L’Aquila. It killed more than 300 people, injured 1,500 and wreaked enough destruction to force 65,000 to abandon their homes, “politics and corruption” having led to the “poor enforcement” of essential laws of what could have been life- and home-saving anti-earthquake construction in many buildings. This real-life […]
A group of intelligence experts, including a former head of MI6, has cut ties with fellow academics at Cambridge university, in a varsity spy scare harking back to the heyday of Soviet espionage at the heart of the British establishment. Sir Richard Dearlove, the ex-chief of the Secret Intelligence Service and former master of Pembroke college, Stefan Halper, a senior foreign policy adviser at the White House […]
Earlier in the day, Kaler said in a statement that the suspensions were the result of an “Athletics Department decision based on values” — and not a direct consequence of the 10 players’ violation of the university’s code of conduct. Continue reading the main story “A bowl game is a wonderful reward for an excellent football season,” Kaler said. “It is my hope that our eligible football […]
Shock is a matter of perspective and expectation. Imagine a time traveller stepped through the door a year ago and said the UK would vote to leave the European Union, a presidential candidate who advocated debt renegotiation would be headed for the White House, and Italy would reject the reforms of Prime Minister Matteo Renzi. Who would have predicted a worldwide bull market for stocks and bonds? […]
By Ori Lewis and Matt Spetalnick | JERUSALEM/WASHINGTON JERUSALEM/WASHINGTON A senior Palestinian official warned on Friday that implementation of Donald Trump’s pledge to relocate the U.S. embassy to Jerusalem would destroy any prospects for peace with Israel, even as a spokesman for the U.S. President-elect said he remained committed to the move. Saeb Erekat, secretary-general of the Palestinian Liberation Organization, issued the grim prediction just a day […]
By Pawel Sobczak and Karol Witenberg | WARSAW WARSAW Protesters blocked all exits from the Polish parliament on Friday after the opposition said ruling party lawmakers illegally passed the budget for next year by moving the vote outside of the main chamber of parliament. The protest marked the biggest political standoff in years in European Union member Poland and the sharpest escalation of the conflict between the […]
Toronto worker Kristy Milland looks for data jobs that she can pick up to make ends meet. Image: Sam Santos/George Pimentel Photography This article originally appeared on TechRepublic. Each morning when she wakes up, Kristy Milland powers up her home computer in Toronto, logs into Amazon Mechanical Turk, and waits for her computer to ding. Amazon Mechanical Turk (AMT), which has been around for over a decade, […]
By James Oliphant and Emily Stephenson | WASHINGTON WASHINGTON With more than 20 nominees now selected, Donald Trump’s cabinet appears much like the president-elect himself: mostly older, white males, many of them wealthy, who see themselves as risk-takers and deal-makers and prize action over deliberation. Trump, who says Washington is “broken” and controlled by special interests, has largely eschewed technocrats with long government experience. Instead, he has […]
By Roberta Rampton and Julia Harte | WASHINGTON WASHINGTON President Barack Obama on Friday defended the U.S. approach toward the civil war in Syria, saying he understood the desire for action to end the conflict but it would have been impossible to do “on the cheap” without a full U.S. military intervention. “Unless we were all in and willing to take over Syria, we were going to […]
Low-frequency mechanical energy harvesting could provide as much as 40 percent of the power requirements for next generation smartphones and tablets. Credit: Wang Lab/Penn State A new concept in energy harvesting could capture energy that is currently mostly wasted due to its characteristic low frequency and use it to power next-generation electronic devices. In a project funded by electronics giant Samsung, a team of Penn State materials […]
By Sam Forgione | NEW YORK NEW YORK The U.S. dollar edged lower against a basket of major currencies on Friday, but still held near 14-year highs touched after Wednesday’s Federal Reserve meeting, with profit-taking halting the greenback’s rally. The dollar index .DXY, which measures the greenback against a basket of six major rivals, was last at 102.900, not far from Thursday’s 14-year high of 103.560 but […]
The Philippine National Police-Internal Affairs Service (IAS) yesterday said it would come out by February with its decision on the administrative case filed against the 19 police officers involved in the killing of Albuera Mayor Roland Espinosa Sr. last Nov. 5. The policemen, who have since been relieved, were accompanied by their counsels in the first of two preliminary conferences held by the IAS yesterday for the […]
Yahoo has already confirmed that as much as 1 billion of its users are affected by a breach that seemed to have been executed in August 2013. The staggering number adds to the 500 million compromised accounts by a separate cyber attack carried out a year later. What is particularly significant with the latest revelation is the fact that Yahoo did not uncover it on their own. They only […]
AED 141 million project featuring 272 studio units and 72 1-BR apartments to be completed in 2019 December 15, 2016 Sweet Homes Group, one of the UAE’s premier property Master Developer, has revealed the launch of the company’s first hotel apartment project in Ajman. The announcement was made during the company’s participation in the Ajman Real Estate Conference 1, an event organized by the Real Estate Regulatory […]
President-elect Donald Trump will nominate Republican U.S. Representative Mick Mulvaney to be director of the White House Office of Management and Budget, a senior transition official said on Friday. An announcement naming Mulvaney is expected to be made on Monday, according to the Wichita Eagle newspaper, which first reported that the South Carolina lawmaker had been chosen. His nomination must be confirmed by the Republican-controlled Senate. Mulvaney’s […]
If there was a way to end the year on a bright note for as many businesses as possible, a deal to cut oil production was probably the most likely news to hit the spot. Of course, there will be some sectors not sharing in the joy – those that rely heavily on oil to fuel, such as aviation, manufacturing and agriculture, may be dreading increased costs. […]
By Roberta Rampton and Jeff Mason | WASHINGTON WASHINGTON U.S. President Barack Obama on Friday strongly suggested that Russian President Vladimir Putin personally oversaw the computer hacks of Democratic Party emails that American intelligence officials say were aimed at helping Republican Donald Trump win the Nov. 8 election. At a pre-Christmas press conference, Obama levelled a fierce attack against Russia, calling it a smaller and weaker country […]
By Kole Casule | SKOPJE SKOPJE Macedonia’s state election commission said on Friday it had annulled ballots cast at a single polling station and ordered a new vote there after accepting that one woman had been prevented from voting in Sunday’s parliamentary election. The re-run ballot at the polling station with just 800 voters in the western town of Gostivar could potentially change the result of the […]
By Anggy Polanco and Maria Ramirez | EL PINAL/CIUDAD GUAYANA, Venezuela EL PINAL/CIUDAD GUAYANA, Venezuela Small protests and looting broke out in some Venezuelan provinces on Friday due to lack of cash after the socialist government suddenly decreed this week that its largest banknote would be pulled from circulation in the midst of a punishing economic crisis. President Nicolas Maduro on Sunday gave Venezuelans a few days […]
By Lisa Baertlein and Svea Herbst-Bayliss Chipotle Mexican Grill Inc (CMG.N), under pressure from activist investor Bill Ackman, named four new board members on Friday, paving the way for a reunion of sorts between its chief executive and a former top executive at McDonald’s, which once owned the burrito chain. Matthew Paull, a former McDonald’s Corp (MCD.N) chief financial officer, will join the Chipotle board. Media executives […]
Lady Gaga has just released a brand-new music video for the track “Million Reasons” from her recently released album Joanne. The clip for the emotional tune has already racked up millions of views and is currently one of the top trending videos on YouTube. Gaga’s “Million Reasons” Promotional Push The release of a video for “Million Reasons” follows the singer’s performances of the song on a wide […]
Washington has protested to Beijing over a US Navy underwater drone being seized by the Chinese navy in the South China Sea, marking a sharp escalation in already rising tensions between the two countries. China claims sovereignty up to the ‘Nine-dash’ line A US defence official said the device was grabbed as it was being operated by the USNS Bowditch, a survey vessel. The Obama administration issued […]
The global benchmark interest rate for trillions of dollars of corporate loans, credit cards and derivative contracts is approaching 1 per cent for the first time since the US emerged from recession, as global markets reach the end of a turbulent week. With the US Federal Reserve anticipating greater US economic strength in 2017, this has pushed the dollar to a 14-year high and spurred further selling […]
