Month: October 2019

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Ex-Credit Suisse Banker Says Secret Affair Helped Fuel $45 Million Fraud

October 18, 2019 admin Comments Off on Ex-Credit Suisse Banker Says Secret Affair Helped Fuel $45 Million Fraud

(Bloomberg) — A former Credit Suisse Group AG banker told a federal jury in New York that his decision to take millions of dollars in bribes was fueled in part by his secret love affair with a subordinate.Andrew Pearse, 49, admitted he got at least $45 million for his role in arranging $2 billion in loans to companies in Mozambique. He’s the U.S. government’s first witness in the trial of Jean Boustani, a Privinvest Group salesman who’s accused of defrauding U.S. investors.Pearse testified Thursday that while sitting by a pool at a hotel in Maputo, Mozambique, in 2013, Boustani offered …read more […]

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Bitcoin has failed as a means of payment or store of value: G7 report

October 18, 2019 admin Comments Off on Bitcoin has failed as a means of payment or store of value: G7 report

Cryptocurrencies, including bitcoin, have so far failed to provide a “reliable and attractive” means of payment or store of value, according to a report from the Group of Seven (G7) nations.The post Bitcoin has failed as a means of payment or store of value: G7 report appeared first on The Block. …read more […]

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UPDATE 1-Martin Luther King's daughter tells Facebook disinformation helped kill civil rights leader

October 18, 2019 admin Comments Off on UPDATE 1-Martin Luther King's daughter tells Facebook disinformation helped kill civil rights leader

Disinformation campaigns helped lead to the assassination of Martin Luther King, the daughter of the U.S. civil rights champion said on Thursday after the head of Facebook said social media should not factcheck political advertisements. The comments come as Facebook Inc is under fire for its approach to political advertisements and speech, which Chief Executive Mark Zuckerberg defended on Thursday in a major speech that twice referenced King, known by his initials MLK. …read more […]

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GLOBAL MARKETS-Asian shares slump after weak China GDP, pound retreats

October 18, 2019 admin Comments Off on GLOBAL MARKETS-Asian shares slump after weak China GDP, pound retreats

Asian stocks stumbled on Friday, erasing earlier gains after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal. China’s economy grew 6.0% in the third quarter, less than expected, and the weakest pace in at least 27-1/2 years, as the Sino-U.S. trade war hit demand at home and abroad. If there is any short-term move (higher) here in Asia it will genuinely be only short-term players because we’re not far from printing 5% in China GDP, and that’s not going to …read more […]