Chinese police have arrested more than 200 suspects linked to one of the country's biggest-ever banking scandals, which triggered rare mass protests.. Police said Monday they had now arrested 234 people in connection with the scandal and that "significant progress" was being made in recovering stolen funds.
British pubs could be forced to close because of massive increases in energy prices, leading industry figures said on Tuesday, urging the government to step in.. "Without immediate government intervention to support the sector, we could face the prospect of pubs being unable to pay their bills, jobs being lost and beloved locals across the country forced to close their doors, meaning all the good work done to keep pubs open during the pandemic could be wasted."
US regulators on Monday filed a lawsuit to stop data broker Kochava from selling smartphone location information that could help trace visits to "sensitive locations" like reproductive health clinics.. The FTC is asking a federal court in Idaho to order Kochava to stop selling sensitive geolocation data and to delete whatever data of that kind it has collected.
Elon Musk has formally subpoenaed a Twitter whistleblower to share information about spam accounts at the social network, as the billionaire fights in court to back out of a massive buyout deal.. According to court documents made public on Monday, Musk's attorneys served Zatko with a subpoena Saturday demanding he share any documents or messages regarding the impact of spam and false accounts on Twitter's activity, dating back to January 2019.
The IMF has approved an agreement to revive a massive loan programme for Pakistan, the finance minister said Monday, as the country grapples with devastating monsoon flooding that has worsened an economic crisis.. The government reached an agreement with IMF staff last month to restart the suspended aid package.
French-Israeli diamond magnate Beny Steinmetz was back in court in Switzerland on Monday seeking to clear his name by appealing against his conviction in one of the mining sector's biggest-ever corruption cases.. "The only ones who tried to buy Mamadie Toure," he insisted, "were Beny Steinmetz and Frederic Cilins," one of two alleged co-conspirators who are also appealing against previous convictions. nl/rjm/cdw
The European Union is preparing to take emergency action to reform the electricity market and get a grip on energy prices that have soared since Russia invaded Ukraine, senior officials said Monday.. That's why we are now working on an emergency intervention and a structural reform of the electricity market."
France's tax authority said Monday that a new artificial intelligence system had found thousands of undeclared swimming pools, allowing it to collect millions of euros from homeowners who failed to report the facilities.. In the nine test departments, the software detected more than 20,000 pools, which led to the collection of some 10 million euros in tax revenue last year.
Indian billionaire Mukesh Ambani on Monday announced an investment of $25 billion to launch 5G networks in India, aiming to strengthen his grip on one of the world's fastest-growing smartphone markets.. Announcing an investment of two trillion rupees ($25 billion), Ambani said Jio will launch 5G services in major cities including Delhi, Mumbai, Kolkata and Chennai in time for the Indian festival of Diwali in late October.
With Europe facing a major energy crisis, Spain wants to become the new gateway for gas through an ambitious trans-Pyrenees pipeline and is hoping supply-starved Germany will pressure a reluctant France.. Beyond the gas crisis, Spain is hoping that improving its connectivity with the rest of Europe will open the way for it to become the European Union's new hub for green hydrogen -- a key energy source of the future.
