Tech News

Ex-Goldman banker sentenced to 10 years in 1MDB scandal

A US judge in New York on Thursday sentenced former Goldman Sachs banker Roger Ng to 10 years in prison following his conviction in the massive 1MDB bribery scandal.. A New York jury in April 2022 found Ng guilty in the scheme involving the state-owned Malaysian investment fund 1MDB following testimony from Tim Leissner, another former Goldman Sachs banker and a co-conspirator.

Chief exec for US derailed toxic chemicals train pledges better safety

The head of US rail company Norfolk Southern pledged Thursday to improve safety practices and to quickly address clean-up need after its train derailed and spilled toxic chemicals in an Ohio town last month.. Norfolk Southern chief executive Alan Shaw apologized over the February 3 derailment and crash of dozens of rail cars that spilled toxic and flammable chemicals like vinyl chloride and benzene in East Palestine, Ohio.

Russia, UN set for Ukraine grain deal renewal talks

Russia and the United Nations will hold talks in Geneva on Monday on renewing the Ukraine grain export deal, with the UN saying the fate of millions rested on its extension.. More than 23.7 million tonnes have been exported under the UN and Turkey-brokered Black Sea Grain Initiative, according to the United Nations.

US firm bids to stop contested DR Congo oil auction

A US investment firm has proposed to stop a controversial oil auction in DR Congo's rainforests, bidding to exploit carbon credits instead of drilling in the environmentally sensitive areas.. In the DRC's Cuvette Centrale region -- one of the most sensitive areas comprising forests and peatlands -- bidding ends in July and August.

Prada touts strong profits despite China sales slump

Italian luxury group Prada said Thursday its profits jumped in 2022 as strong sales in Europe and the United States offset declines in China, and that it expects its sales to outpace the market this year. . It follows a trend across the luxury goods sector that saw record sales and profits last year despite stifled global growth and disruptions in China due to draconian coronavirus-related travel restrictions. 

Scientists use TikTok to explain, fight climate change

With his moustache caked in icicles and frozen droplets, glaciologist Peter Neff shows his 220,000 TikTok followers a sample of old ice excavated from Antarctica's Allan Hills.. "Climate scientists need to show up," said McNeall, active on TikTok under the username @dougmcneall. 

Former Shell CEO gets big payday on soaring oil prices

Shell's recently retired CEO earned close to £10 million ($12 million) last year after the energy giant scored record profits on soaring energy prices, the British company said Thursday, sparking outrage amid a cost-of-living crisis.. "Shell's CEO earned in one year what a typical UK worker would earn in six lifetimes," group spokeswoman Alice Harrison said in a statement.

Rise in ocean plastic pollution 'unprecedented' since 2005

Plastic pollution in the world's oceans has reached "unprecedented levels" over the past 15 years, a new study has found, calling for a legally binding international treaty to stop the harmful waste.. "Plastic pollution in the world's oceans during the past 15 years has reached unprecedented levels," said the study, published in open-access journal PLOS One.

Uncertainty over fate of three trapped Spain miners

The fate of three miners trapped deep underground at a potash mine in Spain was unclear Thursday after a tweet by a regional leader confirming their deaths was deleted.. But several hours later, their deaths appeared to be confirmed in a tweet by Catalan regional leader Pere Aragones.

JPMorgan sues former exec over Jeffrey Epstein links

JPMorgan Chase is suing former high-level executive Jes Staley over his ties to Jeffrey Epstein, naming him as the official involved in a sexual assault case against the firm, court filings showed.. The financial services giant was facing legal proceedings in cases brought forward by the US Virgin Islands and an unnamed woman who said she was a victim of Epstein's sex-trafficking scheme, which involved a JPMorgan employee.