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Montreal’s arms broker loses appeal over bank account closure
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Montreal’s arms broker loses appeal over bank account closure
Who is Ari Ben-Menashe? Ari Ben-Menashe is a controversial figure who has been involved in various international conflicts, espionage, and lobbying activities. He was born in Iran, but moved to Israel in 1970 and became a citizen. He claims to have worked for the Israeli intelligence agency Mossad, but the Israeli government denies this. He has been accused of arms trafficking, money laundering, and fraud in several countries, including the…
Fed Report Warns of Emerging Risks in Banking Sector
Business News
Fed Report Warns of Emerging Risks in Banking Sector
The Federal Reserve has released its latest report on the financial stability of the U.S. banking system, highlighting some of the potential vulnerabilities and challenges that could pose a threat to the sector in the near future. The report, which was published on November 15, 2023, covers the period from May to October 2023 and analyzes the impact of the pandemic, the economic recovery, the monetary policy, and the regulatory…
ECB calls for closing EU loophole that allows banks to avoid crypto supervision
Finance News
ECB calls for closing EU loophole that allows banks to avoid crypto supervision
The European Central Bank (ECB) has urged the European Union (EU) to close a legal loophole that allows some banks to operate in the crypto space without proper oversight. The ECB’s supervisory board chair, Andrea Enria, said that the current EU regulation on crypto assets is insufficient and needs to be fixed. EU regulation on crypto assets The EU regulation on crypto assets, known as the Markets in Crypto-Assets (MiCA)…
Banks join forces to fight online fraud and urge tech giants to do more
Finance News
Banks join forces to fight online fraud and urge tech giants to do more
The Daily Mail campaign to protect customers from online scams The Daily Mail has launched a campaign to demand that tech giants take more responsibility for the online fraud that affects millions of people every year. The campaign, called Stop the Online Scams, calls for new laws and regulations to make online platforms accountable for the fraudsters who use their services to target innocent victims. The campaign also urges the…
Why Banks Are Facing a New Wave of Regulatory Scrutiny
Finance News
Why Banks Are Facing a New Wave of Regulatory Scrutiny
The banking sector is under pressure from regulators and lawmakers who are concerned about the risks and impacts of the industry’s practices on the economy, consumers, and the environment. In recent months, several initiatives have been launched or proposed to address some of the most pressing issues facing banks, such as climate change, financial inclusion, consumer protection, and cybersecurity. Here are some of the main challenges and solutions that banks…
Spain to help Siemens Gamesa with financial aid amid wind turbine crisis
Business News
Spain to help Siemens Gamesa with financial aid amid wind turbine crisis
The Spanish government is in talks with banks to provide financial support to Siemens Gamesa, the world’s largest wind turbine maker, which is facing a severe crisis due to technical problems and rising costs. Siemens Gamesa warns of losses and cuts outlook Siemens Gamesa, a joint venture between Germany’s Siemens and Spain’s Gamesa, issued a profit warning on Tuesday, saying it expects to post a negative EBIT margin of 1%…
Australia’s tech workforce target revised to 1.3 million by 2030
News Technology
Australia’s tech workforce target revised to 1.3 million by 2030
Tech Council of Australia releases new report The Tech Council of Australia, a lobby group representing the tech sector, has released a new report titled “Getting to 1.3 million: Our roadmap to create a thriving Australian tech workforce”. The report updates the previous target of 1.2 million tech workers by 2030, which was announced by the federal government and the opposition leader in 2022. The report argues that the demand…
LA Tech stabbing leaves three women in critical condition, suspect arrested
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LA Tech stabbing leaves three women in critical condition, suspect arrested
A stabbing incident at Louisiana Tech University on Tuesday morning left three women in critical condition and one man in custody, according to authorities. What happened at LA Tech? The incident occurred around 9:30 a.m. at the university’s main campus in Ruston, Louisiana. According to the university’s statement, a male suspect stabbed three female victims in the area of Hale Hall, a dormitory for female students. The suspect then fled…
Regulators Target Big Tech: Investors, Brace For Impact!
Business News
Regulators Target Big Tech: Investors, Brace For Impact!
The year 2023 has been a turbulent one for the big tech companies, as they face increasing scrutiny and pressure from regulators around the world. The US, the EU, China, India and other countries have launched antitrust investigations, lawsuits and legislative proposals to curb the dominance and influence of the tech giants. Investors should be aware of the potential impact of these regulatory actions on the future of the tech…
How Tech Founders Build Resilience in Times of War and Crisis
News Technology
How Tech Founders Build Resilience in Times of War and Crisis
The world is facing unprecedented challenges due to the ongoing wars, conflicts, and crises in various regions. Technology founders, who are often at the forefront of innovation and disruption, have to deal with the risks and uncertainties that come with operating in such volatile environments. How do they create operational resilience while navigating war and crisis? What are the best practices and lessons learned from their experiences? Operational Resilience: A…