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Standard Chartered Fined $340 million in Money Laundering Probe
Standard Chartered Bank has agreed to a $340 million settlement with the New York State Department of Financial Services that accused it of hiding $250 billion of illicit transactions...
Wal-Mart Emerges as Money Laundering Suspect
Two US officials who have been investigating bribery allegations against Wal-Mart revealed yesterday that new findings have emerged, with evidence suggesting the company’s compliance lapses may have extended to...
Google Employees To Keep Receiving Salaries Even After They’re Dead
Employees at Google will now be able to enjoy “death benefits” as part of the company’s ever-evolving employment perks, reported CBS News on Tuesday, after the company promised to...
Indonesia To Launch “Cleaner”, Islamic Version Of Facebook
A new “cleaner version of Facebook" is set to be launched in Indonesia this November, reported the Jakarta Globe on Monday, with its creators hoping to offer “better protection”...
Germany and France Beat Growth Forecasts
The German and French economies showed signs of resilience as the two eurozone countries performed slighter better than expected. In particular, Germany’s growth slowed less than excepted while France...
Brazil Coerces Telecoms Companies To Upgrade Ahead Of World Cup & Olympics
Three of Brazil’s largest telecommunication companies will have to spend more than $9.8 billion to upgrade their internet and mobile access services ahead of the upcoming football World Cup...
World Teetering on Brink of Global Food Crisis
The International Food Policy Research has warned that the world is teetering close to the brink of a global food crisis as a drought ravages corn corps in the...
India, Thailand, Myanmar To Build 3,200km Trilateral Highway
India, Thailand and Myanmar will soon be linked by a 3,200km highway, running from India’s North-eastern states to the Thai border with Myanmar, reported the Times of India on...
Oman to Spend $1bn on New Jobs
Oil rich yet plagued with high unemployment, Oman has announced plans to spend an additional $1 billion to create jobs for its citizens over the next 12 months. According...
Key Economic News to Watch This Week: August 13
London Olympics draws to a close with all eyes on Rio for 2016. The highlight of the week will undoubtedly be the situation facing Standard Chartered Bank, as it...


