Search Results for: finance

The Independent National Electoral Commission (CENI) of the Democratic Republic of Congo (DRC) misappropriated $400 million in state funds ahead of December elections, per an EU report. The report, issued Monday, highlighted a 25.1 percent increase in the expenses of the electoral body during the 2016-2019 and 2021-2024 electoral cycles. Also as per the report, [...]

The Supreme Court heard oral arguments on Wednesday in two cases involving a requirement for herring fisheries to pay for the observers the government used to monitor overfishing. At the heart of the two cases was a debate over the court’s current deference to executive branch agencies in interpreting ambiguous language in federal laws.  The [...]

France’s highest court dismissed an appeal Tuesday from Lafarge, a French building materials manufacturer, seeking to drop charges of complicity in crimes against humanity. In 2017, Sherpa, the European Centre for Constitutional and Human rights, as well as 11 former employees, filed a complaint alleging that Lafarge had financed terrorist groups, endangered the lives of [...]

Tang Shuangning, the former Chairperson of state-owned Chinese banking behemoth Everbright Group, was arrested on charges of embezzlement, accepting bribes and “privately reading publications with serious political problems,” China’s Supreme People’s Procuratorate said on Monday. Just days ago on January 7, Shuangning was expelled from the Chinese Community Party on charges of “serious violations of disciplines [...]

The Danish Eastern High Court upheld on Friday the conviction of three Iranian nationals found guilty of promoting terror and espionage, and handed down prison terms to the convicted Iranians.  The three Iranian men, who are believed to belong to the Arab Struggle Movement for the Liberation of Ahvaz, were arrested in February 2020 in [...]

The Malaysian Anti-Corruption Commission (MACC) said in a press release that it recorded the testimony of former prime minister Ismail Sabri Yaakob about the use of RM700 million in funds that were “spent for publicity and promotion purposes during the previous government’s administration” on Wednesday. The Keluarga Malaysia (Family Malaysia) program, launched by Ismail Sabri in [...]

The UN Security Council (UNSC) adopted resolution 2722 on Thursday, condemning attacks by Yemen’s Houthi rebels and demanding “an immediate halt on all attacks on merchants and commercial vessels in the Red Sea.” Since November 2023, Houthi rebels have launched over a dozen attacks on commercial shipping in the Red Sea as a sign of [...]

Investors for Paris Compliance (I4PC) launched a complaint against the Ontario Securities Commission and the Autorité des marchés financiers of Québec on Tuesday, asserting that Canada’s big five banks’ sustainable investing disclosures are misleading to shareholders.  The complaint called out BMO, Scotiabank, CIBC, TD and RBC for providing possibly misleading environmental, social and governance (ESG) [...]

Nigeria’s President Bola Tinubu suspended on Monday the country’s Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, with immediate effect over allegations of transferring funds related to the government’s social welfare program into a private bank account. The suspension order issued by the Special Advisor to the President on Media and Publicity, Ajuri Ngelale, [...]

United Nations Security Council (UNSC) officials on Wednesday urged the safeguarding of global supply chains and the prevention of heightened regional tensions in response to Houthi attacks on commercial shipping in the Red Sea. The remarks come in the aftermath of the attacks on the MSC United and the Maersk Hangzhou in late December 2023. The [...]